Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Lindsay Hoyle Excerpts
Tuesday 17th May 2022

(1 year, 11 months ago)

Commons Chamber
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Lucy Frazer Portrait Lucy Frazer
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I thank the hon. Gentleman and am sure that I will soon make a visit to Wakefield. The Government understand the issue with the rise in the cost of living but over this year we have committed £22 billion to support people in their time of need. The people in Wakefield that the hon. Gentleman talks about will also benefit from the cuts we have made to taxes, such as the universal taper rate, a tax cut for 1.2 million people and an extra £1,000 in their pockets. We have increased the threshold to the NICs rate, a £6 billion tax cut for £30 million working people. As I said—[Interruption.]

Lindsay Hoyle Portrait Mr Speaker
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I call Philip Hollobone.

Philip Hollobone Portrait Mr Philip Hollobone (Kettering) (Con)
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6. What discussions he has had with Cabinet colleagues on the efficiency of local authorities in delivering the £150 council tax rebate under the energy bills support scheme.

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Tim Farron Portrait Tim Farron (Westmorland and Lonsdale) (LD)
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After London, the Lake district is the most popular visitor destination in the United Kingdom, with 19 million visitors a year, yet its only direct rail link has a single track from the main line at Oxenholme to Windermere, known as the Lakes line. There is a proposal on the table to effectively dual that line by means of a passing loop at Burneside. Will the Minister agree to meet me and folks from the local authority to ensure that—no pun intended—we can fast-track the dualling of the Lakes line?

Lindsay Hoyle Portrait Mr Speaker
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Tell him yes!

Helen Whately Portrait Helen Whately
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Thank you, Mr Speaker. The growth of tourism is really important as part of the wider economic growth of the country, and I would be delighted to meet the hon. Gentleman to talk about his proposal.

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Lindsay Hoyle Portrait Mr Speaker
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We now come to the shadow Minister, Abena Oppong-Asare.

Abena Oppong-Asare Portrait Abena Oppong-Asare (Erith and Thamesmead) (Lab)
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Under this Conservative Government, people’s savings have declined by record levels. Data from the Office for Budget Responsibility shows that the amount of income households are able to save is set to fall by more than £1,000. This Tory cost of living crisis is pushing people into debt, yet one Government Minister said yesterday that, if people are struggling, they should simply work more hours and get another job. Will the Chancellor confirm that “Get on your bike” is official Conservative economic policy once again?

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Lucy Frazer Portrait The Financial Secretary to the Treasury (Lucy Frazer)
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I thank my hon. Friend for his question and extend my heartfelt condolences to Naomi for the loss of her son. My hon. Friend may be interested to know that NHS England and NHS Improvement, along with the British Heart Foundation, Resuscitation Council UK and the Association of Ambulance Chief Executives, have developed the Circuit, which is a national defibrillator network that will register defibrillators in the UK and provide an overview of where they can be found. I know that the Chancellor and the Prime Minister are interested in this issue, as I met the Prime Minister with my hon. Friend the Member for Rushcliffe (Ruth Edwards). It is indeed an important issue.

Lindsay Hoyle Portrait Mr Speaker
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We now come to the shadow Chancellor, Rachel Reeves.

Rachel Reeves Portrait Rachel Reeves (Leeds West) (Lab)
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At the spring statement, the Chancellor confirmed that the Conservative Government’s rise in national insurance—a tax increase on working people and the businesses that employ them—will go ahead. Since then, retail sales are falling, consumer confidence is tanking and GDP is falling. We are the only G7 country that is increasing taxes on working people in the middle of a cost of living crisis. National insurance is the wrong tax increase at the wrong time. Does the Chancellor still think that his tax rises on working people are the right approach?

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Rishi Sunak Portrait Rishi Sunak
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I can give my right hon. Friend that assurance. That is our priority. We started last autumn by cutting the tax rate for those on the lowest incomes and universal credit. We carried that on in the spring statement by delivering a tax cut for those on lower-middle incomes by raising the primary threshold, and our priority is to keep cutting taxes for those in work, including by cutting income tax, as soon as the public finances allow.

Lindsay Hoyle Portrait Mr Speaker
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I call the SNP spokesperson.

Alison Thewliss Portrait Alison Thewliss (Glasgow Central) (SNP)
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Inflation is running out of control, growth is flatlining, and food and energy costs are spiralling. The Governor of the Bank of England yesterday was warning of “apocalyptic” food prices. James Withers of Scotland Food & Drink says that Brexit has made nothing better and a number of things worse. People and businesses have heard absolutely nothing from this Chancellor today on how he will tackle this urgent cost of living crisis—nothing at all. Will he bring forward an emergency Budget without further delay, as the British Chambers of Commerce are asking?

Nusrat Ghani Portrait Ms Nusrat Ghani (Wealden) (Con)
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T9. I have 14 vineyards in my constituency of Wealden. This is a growing industry in rural areas. I am grateful to the Exchequer Secretary to the Treasury for meeting me recently, but may I urge her and the Chancellor to meet my vineyard owners, face to face, to hear their anxieties over the Treasury’s plans to hike tax on wine, which will create more red tape by increasing the number of rates of duty from three to 27? This industry creates thousands of jobs and it needs nurturing, so may I please propose a visit to one of my vineyards in Wealden?

Lindsay Hoyle Portrait Mr Speaker
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It has to be a yes to that.

Helen Whately Portrait Helen Whately
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My hon. Friend tempts me with a visit to a vineyard in her constituency. She has already made the argument very strongly—when I recently met the wine and spirits all-party group. Representing a wine-producing constituency, she will appreciate, I am sure, our announcement of the reduction in the duty rate for sparkling wine. As I said to my right hon. Friend the Member for Ludlow (Philip Dunne) earlier, I am speaking to businesses in the sector to make sure that we get right the practicalities of introducing these reforms.

Rishi Sunak Portrait Rishi Sunak
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I urge the British people to judge me by my actions. Over the past two years, the record of this Conservative Government stands for itself. We were there to help this country through the crisis and we are there to help them today.

Lindsay Hoyle Portrait Mr Speaker
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I call the Chair of the Treasury Committee.

Mel Stride Portrait Mel Stride (Central Devon) (Con)
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Naturally, there has been criticism of the Bank of England, given the level of inflation and its inflation target, but among that criticism there have been reports that some in government, including perhaps one member of the Cabinet, have been suggesting that the independence of the Bank of England should be removed. Does my right hon. Friend agree that it is essential that our central bank is independent in order to maintain the credibility and integrity of our monetary policy? Will he give a categorical assurance to the House that there are no plans of any kind to restrain the independence of our central bank?

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Simon Clarke Portrait Mr Simon Clarke
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What is levelling up is making sure that we have a colossal programme of transport investment designed to ensure that the connections both between regions and within regions are as strong as they can be, and I refer to the £96 billion integrated rail plan, which sits at the heart of our ambition in this space. Clearly the specifics of the proposal that the hon. Gentleman mentions are for Transport Ministers and the Mayor of Greater Manchester to discuss.

Lindsay Hoyle Portrait Mr Speaker
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I let questions run on because the writs were moved earlier and we were late starting.