UK Gross Domestic Product

Debate between John Glen and Christine Jardine

Monday 13th June 2022 Commons Chamber

[John Glen]

As hon. Members would expect, the Treasury has a strong and frequent dialogue with different members of the Bank of England and deputy governors. However, our main inflation tools for an independent monetary policy—fiscal responsibility and supply-side activism—will remain the best weaponry for dealing with the challenges we face, and we will work in a co-ordinated fashion with an independent Bank of England to address those pressures.

[Christine Jardine (Edinburgh West) (LD)]

Today’s figures should be a wake-up call to the Government. Instead of reciting a list of events that are affecting other countries across the world and being better dealt with by other Governments in the G7, do the Government not recognise that the time has come to change direction? They must get away from the massive tax hikes that are pulling the squeezed middle into debt and creating misery across this country—tax hikes that include the £11 billion national insurance hike, which was wiped out by the Government’s own incompetence in not insuring against the money created for quantitative easing. Will the Government recognise that they are getting it wrong and, instead of making excuses, act to change things?

[John Glen]

The Government will always look constructively at all the options. In light of the representations made across this House and across the country for more interventions to support those facing increases in the cost of energy at home, we made those interventions. The Chancellor has made clear that we will reform and cut taxes on investment in the autumn to spur that growth and productivity, and we are working closely with industry on the best possible way to make those interventions.

Oral Answers to Questions

Debate between John Glen and Christine Jardine

Tuesday 7th December 2021 Commons Chamber

[John Glen]

The hon. Member keeps asking “Where is the register?” I will answer the question in a moment. What the Government have done is put in an additional £63 million in the last Budget to deal with Companies House reform, which is one of the areas. We have been the world’s leader in terms of common reporting standards. We were the first country, five years ago, to raise the standard in terms of transparency. We will implement that register when legislative time becomes available.

[Christine Jardine (Edinburgh West) (LD)]

T1. If he will make a statement on his departmental responsibilities.

Oral Answers to Questions

Debate between John Glen and Christine Jardine

Thursday 14th September 2017 Commons Chamber

[John Glen]

I have experienced that difficulty in my constituency, and I am very sympathetic to what my hon. Friend says. Perhaps I could have a conversation with him to work out where those particular spots are and approach Highways England to see whether we can get a resolution.

[Christine Jardine (Edinburgh West) (LD)]

My constituency, Edinburgh West, is—like the rest of Edinburgh and much of Scotland—highly dependent on tourism. We have the new attraction of the bridge, Edinburgh zoo, the rugby and the world’s biggest international festival. Will the Minister assure me that he will press Her Majesty’s Treasury to take the same sort of initiative on lowering VAT for the tourism industry that our partners in the EU have done to support that industry and boost their communities?

[John Glen]

I thank the hon. Lady for her question. The Secretary of State and I visited Edinburgh during the recess, and we saw the many attractions, particularly the festival. I certainly listen very carefully to representations from across the tourism sector about what we can do to encourage more visitors, and I take her point on board.