Christmas Adjournment

Mary Glindon Excerpts
Tuesday 20th December 2016

(7 years, 4 months ago)

Commons Chamber
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Mary Glindon Portrait Mary Glindon (North Tyneside) (Lab)
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I would like to add to the sentiments expressed by the hon. Member for Harrow East (Bob Blackman) at the beginning of his speech about the sad incident in Germany, and especially those comments in relation to the memory of our dear friend Jo Cox.

The hon. Member for Enfield, Southgate (Mr Burrowes), a fellow member of the drugs, alcohol and justice parliamentary group, asked on the day of the summer Adjournment:

“Will the Leader of the House send out a search party to find the updated drugs strategy, as it has gone missing in Government?”—[Official Report, 21 July 2016; Vol. 613, c. 984.]

The policy is still awaited, and unless we have an unexpected delivery from Father Christmas, it will not be seen in the coming months.

In September, I suggested that a debate was desperately needed on drugs policy, following a series of related reports. The Health Committee’s report on public health warned that

“cuts to public health are a false economy”

and expressed concern that drug and alcohol services “can get missed.” Then came an update from the Office for National Statistics showing drugs deaths at record levels; my area, the north-east of England, was the highest again. At the same time, Public Health England and the Local Government Association published their detailed investigation into drug deaths. This month, the Advisory Council on the Misuse of Drugs has added its investigation.

Furthermore, we have seen Public Health England’s “Evidence Review of the Public Health Burden of Alcohol and the Effectiveness and Cost-Effectiveness of Alcohol Control Policies”, and the Department of Work and Pensions has finally released Dame Carol Black’s review of the effects of drug and alcohol addiction on employment outcomes. All this weight of expert opinion and evidence recommends that we prioritise drug and alcohol treatment. I very much hope that the Government heed the evidence and recommendations from all these reports and provide a drugs strategy and an alcohol strategy with the resources required to fulfil their objectives.

As Karen Tyrell, a regular contributor to the drugs, alcohol and justice group Addaction, said:

“We simply can’t allow another year to go by and greet further deaths with another statement of concern.”

Two other parliamentary groups to which I belong, the Fire Brigades Union parliamentary group and the all-party parliamentary group on fire safety and rescue, have raised the issue of school sprinklers, for which guidance is being revised. I am in favour of clear, concise guidance, but I am not in favour of children possibly losing their schools, or even their lives, for the sake of losing a few lines of text. We cannot prioritise brevity over safety. I hope that in the new year, Education Ministers will reconsider and restore the expectation that sprinklers will be installed in new school buildings. Surely, if any change must be made it would be better to replace the word “expectation” with a firm duty to install sprinklers.

Finally, I am dismayed and disappointed that the Government have allowed Spanish-owned Scottish Power to take huge concessions from the UK taxpayer yet award the majority of its fabrication contracts to Spanish nationally owned yards and yards in the middle east. Only 200 UK jobs will be created in Northern Ireland under the contract to build jackets for the East Anglia One offshore wind farm project.

It is very worrying that Government officials omitted to stipulate reference to UK content in the subsidy documents—shame on our Government and shame on Scottish Power! A portion of those jobs would have been lifeblood for the OGN yard in my constituency, which at the height of its contracts two years ago supported 2,000 jobs. As jobs have dried up, the yard has just a handful of people to maintain it. I must praise Dennis Clark of OGN for his past success in bringing good jobs to North Tyneside and for his solid commitment to our region. Our fight will go on to ensure our yards in Tyneside have healthy order books in future.

I wish everyone who works in the House a very happy Christmas and, in particular, the most precious gift of all: good health throughout 2017.

Oral Answers to Questions

Mary Glindon Excerpts
Tuesday 29th November 2016

(7 years, 5 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Order. I remind colleagues that topical questions are supposed to be sharply shorter, and the same goes for the replies. We made remarkably slow progress in the first session this morning, and we really need to do rather better.

Mary Glindon Portrait Mary Glindon (North Tyneside) (Lab)
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T3. If he will make a statement on his departmental responsibilities.

Lord Hammond of Runnymede Portrait The Chancellor of the Exchequer (Mr Philip Hammond)
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My principal responsibility is to ensure the stability and prosperity of the economy. In the current circumstances, I judge that that requires a combination of near-term measures to ensure resilience and longer-term measures to manage the structural adjustment, as the UK transitions out of the EU, and to address the UK’s long-term productivity challenge. The package announced in the autumn statement last week delivered on both requirements.

Mary Glindon Portrait Mary Glindon
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So far the Chancellor has disregarded Members’ requests to give justice to the WASPI—Women Against State Pension Inequality Campaign—women. Will he now listen to bodies such as North Tyneside Council, which, under our elected mayor, Norma Redfearn, has written to the Government to ask for a fair transition of the state pension right for all these women?

Lord Hammond of Runnymede Portrait Mr Hammond
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I understand the concerns, but this issue was debated extensively during the passage of the Pensions Act 2011, when the Government made concessions to this group of individuals worth £1.1 billion.

Budget Resolutions and Economic Situation

Mary Glindon Excerpts
Tuesday 22nd March 2016

(8 years, 1 month ago)

Commons Chamber
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Richard Fuller Portrait Richard Fuller
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The health of our children is, of course, extremely important, but, as I said, the sector is already innovating. There have been remarkable reductions in the sugar content of soft drinks compared with what has happened in other sectors, in which there has been no change in the amount of sugar that people consume. There are question marks over whether the levy will have the impact on health it is supposed to achieve. In Mexico, for example, where a sugar tax was recently introduced, the calorie reduction amounted to six calories a day. This regressive measure goes much against the principles that the Chancellor himself rightly outlined as the overarching ethos of the Budget.

Mary Glindon Portrait Mary Glindon (North Tyneside) (Lab)
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Does the hon. Gentleman agree that this tax, which has many ambiguities, simply indulges our celebrity chefs and gives them more credence than they deserve?

Richard Fuller Portrait Richard Fuller
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I could not be more delighted to have given way to the hon. Lady, because she is quite right. The sugar tax is a passion of TV chef Mr Jamie Oliver, who is just the latest in a line of celebrities—think of people such as Mr Russell Brand and Mr Benedict Cumberbatch—to use their position to influence public policy. To quote The Independent, the

“chief beneficiaries of star-studded attempts to raise the profile of a good cause are the celebrity themselves”.

Can we have a new levy on policy pronouncements by well-heeled celebrities who sprinkle their fame to dazzle Ministers into ill-thought-through changes? The levy could pay for the unintended consequences for the public of their brief, highly jaundiced opinions. Emma Thompson’s pronouncements alone should secure the defence budget.

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David Anderson Portrait Mr David Anderson (Blaydon) (Lab)
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It has been a bad week for the Chancellor. It was his eighth Budget and sixteenth economic statement, so he ought to know better. The Budget unravelled in 24 hours and then it got worse: outrage at PIP cuts as it became clear that the disabled were being sacrificed for the rich; education in chaos as he forced academisation on every school, using our kids in his war against local government; stealth cuts on the NHS and local government, with changes to employer pension contributions; and, to cap it all, the Secretary of State for Work and Pensions giving in after six years.

This latest mess only builds on the Chancellor’s catalogue of failure. He is still nowhere near eliminating the deficit, despite his plans to have done so two years ago. In February, we had the lowest manufacturing output for four years. National debt is up 50% under this Chancellor—up to an eye-watering £1.6 trillion—and he has lurched from one missed target to another. He has blamed everybody and everything except himself. He blamed the Greeks. He blamed the Queen for having a jubilee holiday. He even blamed the snow. He did not find any money down the back of the settee this week, unlike the £27 billion he found miraculously before Christmas.

Who pays for the Chancellor’s folly? Who else but the poor, the vulnerable and the sick—those least able to fight back. The Resolution Foundation has him bang to rights. It showed that what the Budget really means is that on average the richest will get a £225 rise, while the poorest might get a measly rise of £10 a year. In fact, it shows that, with other changes and the cuts announced since last year, the richest in our nation can expect to be £235 a year better off, while the poorest will be £375 a year worse off by the end of this Parliament. He is the Robin Hood-in-reverse Chancellor. He has made a career out of making the poorest in our country even poorer.

It is worse than that, however, because in an amazing show of puffed-up pride, the Chancellor stated in his speech that the northern powerhouse is

“the most radical devolution of power in modern British history.”—[Official Report, 16 March 2016; Vol. 607, c. 960.]

Has he not heard what is happening in Scotland and in Northern Ireland, where they are running their own affairs, getting extra money and having proper devolution?

Mary Glindon Portrait Mary Glindon
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Does my hon. Friend agree that devolution for the north-east is no deal at all? It is a raw deal, because we cannot even agree between councils what we want. We are just not getting the real democracy we need.

David Anderson Portrait Mr Anderson
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I thank my hon. Friend for her intervention. I will come on to the north-east in a moment.

The Chancellor should be aware of what is happening in this city, where £2,000 a head is being spent on transport, while in my part of the world the figure is £5 a head. Where is the fairness in that?

The institutions of devolution were set up properly under a Labour Government who trusted the people with referendums and democratic discussion, but that is unlike what has happened in my part of the world. It is one thing to exaggerate—we all do it in this House, and I am as guilty as anybody else, believe it or not—but last week the Chancellor said from the Dispatch Box that

“powerful elected Mayors have been agreed for Manchester, Liverpool, Tees Valley, Newcastle and Sheffield.”—[Official Report, 16 March 2016; Vol. 607, c. 960.]

At least in the case of Newcastle, that is simply untrue. Newcastle is not being offered an elected mayor. That is exactly as it should be, as it is less than four years since the people of that great city rejected a mayor in a referendum by 62% to 38%. What is actually on offer is an elected mayor for the north-east, but that has certainly not been agreed yet. In fact, this morning Gateshead Council, one of seven councils involved, threw that out. Northumberland Council says is will agree to it only with certain additional powers that do not look like being given. Durham County Council has already said it wants a delay and not to be forced to make a decision on Thursday on proposed legislation that has not even gone through this House and will not do so until November.

So did the Chancellor—the great manipulator; the political strategist; the man who does not get out bed in the morning without weighing up the political advantage; the Machiavelli of Downing Street—make a mistake? He might have. If he made a mistake by saying that that had been agreed in the north-east, he should come and apologise for it. If he did not make a mistake, however, and if he deliberately tried to mislead the House, he should come back here and tell the truth—that he was deliberately misleading the nation and pretending that the so-called northern powerhouse was up and running in the north-east of England, as it is struggling to do in the rest of England. I have been really chuffed in these past two days to hear the right hon. Member for North Norfolk (Norman Lamb) and the hon. Member for Peterborough (Mr Jackson)—I never, ever thought I would agree with the hon. Member for Peterborough—share exactly the same concerns as me and my hon. Friend the Member for North Tyneside (Mary Glindon), and saying very clearly that what is on offer is not fair, not democratic and not open to proper consultation.

The proof is in what the Chancellor said last Wednesday. This is a party political Chancellor who puts his and his party’s interests first. He said last week, in relation to the £20 million for building houses in the south-west:

“it is proof that when the south-west votes blue, their voice is heard loud here in Westminster.”—[Official Report, 16 March 2016; Vol. 607, c. 961.]

Unfortunately for those of us who vote red, our voice is never heard, but we are going to keep on shouting at ’em.

Oral Answers to Questions

Mary Glindon Excerpts
Tuesday 1st March 2016

(8 years, 2 months ago)

Commons Chamber
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Damian Hinds Portrait Damian Hinds
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My hon. Friend highlights the fact that many jobs supported by the sector are in England as well as in Scotland. I commend the work he has been doing with New Anglia local enterprise partnership on supporting companies that have found themselves in difficulties, working particularly on skills and so on. I assure him that we continue to listen to the industry, to the Oil and Gas Authority, to Oil and Gas UK, and to many individual companies to see what more can be done to support this vital sector.

Mary Glindon Portrait Mary Glindon (North Tyneside) (Lab)
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OGN in North Tyneside has now shed all its 2,000 jobs. The company has been in touch with the Government to ask for help with a rather difficult contract to develop wind farms, but as yet has heard nothing about any help that can be given. Will the Minister see whether there is going to be any help, or will he meet me and representatives of OGN for the sake of these jobs?

Damian Hinds Portrait Damian Hinds
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I thank the hon. Lady. I would of course be very happy to meet her and the company to see what proposal it would put forward.

Oral Answers to Questions

Mary Glindon Excerpts
Tuesday 27th October 2015

(8 years, 6 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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My hon. Friend makes a powerful point: we have created a welfare system that subsidises low pay, and surely it is better to increase that pay. That is why we are introducing the national living wage and I know that will help many of the people my hon. Friend represents in Plymouth.

Mary Glindon Portrait Mary Glindon (North Tyneside) (Lab)
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T10. Under the devolution deal, the Chancellor has committed £30 million a year to create a new investment fund for the north-east. Will this be wholly new money or will existing grants be cut? Where is the guarantee that he will not be robbing Peter to pay Paul?

George Osborne Portrait Mr Osborne
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It is additional new money and it is a long-term commitment to the north-east of England. Of course, we could not have reached this agreement without the support of the local Labour council leaders who have come together through the combined authority to strike what I think is an historic deal. There has been lots of conversation over many years about devolving power to the north-east; now we are going to have the elected mayor with powers that are currently exercised in London being exercised in the north-east. That is proper devolution.

Fiscal Responsibility and Fairness

Mary Glindon Excerpts
Thursday 19th March 2015

(9 years, 1 month ago)

Commons Chamber
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Danny Alexander Portrait Danny Alexander
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I think I will take that as a compliment, although I do not know if it was meant as such. The hon. Gentleman makes a perfectly reasonable point. He and I are members of different political parties and have different visions of the future, but we have worked together in this coalition Government very effectively to clear up the mess left by Labour and get our country back on the right track. Of that, both coalition parties ought to be proud.

Mary Glindon Portrait Mrs Mary Glindon (North Tyneside) (Lab)
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How does the Chief Secretary expect to tackle tax evasion and avoidance if the Government go ahead with reducing the number of HMRC staff—the staff he was just praising—from 50,000 to 40,000 by next year?

Danny Alexander Portrait Danny Alexander
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As I explained in my statement, we have set out a range of measures in this Parliament to improve compliance activity, including by investing an extra £1 billion in precisely the areas of HMRC that focus on this, so there are more specialist tax inspectors, accountants, lawyers and so on focusing on this area. Yesterday, we announced the ending of the tax return and the move to a digital system for tax reporting, which will save money for both taxpayers and HMRC and allow even more resource to be focused on tackling avoidance and evasion.

Oral Answers to Questions

Mary Glindon Excerpts
Tuesday 10th March 2015

(9 years, 2 months ago)

Commons Chamber
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Rosie Cooper Portrait Rosie Cooper (West Lancashire) (Lab)
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1. What recent estimate Her Majesty’s Revenue and Customs has made of the amount of uncollected tax in the UK.

Mary Glindon Portrait Mrs Mary Glindon (North Tyneside) (Lab)
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4. What recent estimate Her Majesty’s Revenue and Customs has made of the amount of uncollected tax in the UK.

David Gauke Portrait The Financial Secretary to the Treasury (Mr David Gauke)
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HMRC published its latest tax gap estimates on 16 October 2014. In 2012-13, the tax gap was estimated at £34 billion, 6.8% of total tax due.

David Gauke Portrait Mr Gauke
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The number I quoted a moment ago, 6.8%, is a lower percentage of tax due than was achieved in any year under the previous Government.

Mary Glindon Portrait Mrs Glindon
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There has been speculation that the Chancellor’s Budget next week will deal with tax avoidance and evasion, but there has also been speculation that by 2016 the number of staff working in HMRC will drop from 50,000 to just over 40,000. How do the Government expect to deal with evasion and avoidance if they are unwilling to properly resource HMRC?

David Gauke Portrait Mr Gauke
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Over the course of this Parliament, HMRC has brought in more yield year after year. If the measure is just on the number of staff, the hon. Lady will be aware that, when HMRC was formed in 2005, it had something like 92,000 members of staff and that by the end of the previous Parliament it had below 70,000. It is not about the number of staff. We are seeing a huge improvement in HMRC’s performance.

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Danny Alexander Portrait Danny Alexander
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This Government have undoubtedly been positive for beer and pubs. Many hon. Members, including my hon. Friend the Member for Leeds North West (Greg Mulholland), have campaigned on this issue. It is of course for the Chancellor to announce the Government’s decisions in this respect—I am sure that he has not pulled all those pints himself—but it is certainly the case that the beer and pub industry is stronger in this country, as part of a stronger economy, because of the decisions that this coalition Government have so far made.

Mary Glindon Portrait Mrs Mary Glindon (North Tyneside) (Lab)
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T3. Do the Government expect operating oil companies in receipt of tax concessions to develop contract strategies to enable UK fabricating yards to participate in large contracts with the potential to support thousands of jobs across the whole country?

Danny Alexander Portrait Danny Alexander
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If the hon. Lady has specific issues in mind, I would gladly engage in further discussion with her, but the steps this Government have taken—including the establishment of enterprise zones in many areas where there are fabrication yards, and measures such as electricity market reform to get offshore wind and other such production going in the UK—all support the objective that she describes and which I share. If she has further ideas on how we can pursue that, I would gladly hear them.

Oral Answers to Questions

Mary Glindon Excerpts
Thursday 3rd July 2014

(9 years, 10 months ago)

Commons Chamber
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Helen Grant Portrait The Parliamentary Under-Secretary of State for Culture, Media and Sport (Mrs Helen Grant)
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As my hon. Friend knows, VAT is a matter for the Chancellor. We keep all taxes under review, but there is no plan to reduce tax for the tourism sector.

Mary Glindon Portrait Mrs Mary Glindon (North Tyneside) (Lab)
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Sarah Hunter from North Tyneside is part of the England women’s rugby squad. Despite what the Minister said earlier, will he join me in wishing Sarah and the team the best of luck as they head off to the women’s rugby world cup in Paris this summer?

Helen Grant Portrait Mrs Grant
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I wish her and her team the very, very best of luck.

Finance Bill

Mary Glindon Excerpts
Wednesday 2nd July 2014

(9 years, 10 months ago)

Commons Chamber
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Mary Glindon Portrait Mrs Mary Glindon (North Tyneside) (Lab)
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Will the hon. Gentleman give way?

Mark Field Portrait Mark Field
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If the hon. Lady will excuse me, I will make some progress, as there are other Members who want to speak.

We are now looking at drawing tax avoidance measures so widely. It has been common practice for investors to err on the side of caution and sign up, as the Minister knows, to the HMRC’s own disclosure of tax avoidance schemes—DOTAS—register. Currently, if the UK tax authorities wish to challenge the legitimacy of a DOTAS-registered scheme in court, the taxpayer is permitted to hold on to the disputed tax while the case is being resolved. The Government believe that that incentivises scheme promoters to sit back and delay resolution, so they propose extending the accelerated payments measure to existing DOTAS-registered schemes. That will mean that disputed tax is paid up front to the HMRC, and will be returned if a scheme is subsequently found to be legitimate.

I quite understand why the Minister has felt tempted to explore that route. There is, I understand, a desperate need for money to shore up the public finances, which are still far less rosy than any of us would wish, with a recovery that remains somewhat fragile. There is also, understandably and justifiably, a consciousness of the need to deal more quickly with the tens of thousands of outstanding mass-marketed avoidance cases that are currently clogging up the courts.

However, there is also a vital issue of principle at stake. The Government have been celebrating and espousing their reverence for the eight-centuries-old principles set out in Magna Carta. It was that charter that established the supremacy of the law by dictating that no Englishman could be punished without first going through the proper legal process. That set in train a constitutional revolution that has seen billions across the globe having their rights expanded and protected against an all-powerful state.

Yet at the same time, our Government are now overseeing the creation of a law that will permit HMRC to confiscate a citizen’s property before the courts have established who is legitimately entitled to it. The DOTAS register was a good idea. It was designed to promote openness and transparency in investors’ relations with the HMRC. It is now, in effect, introducing retrospective legislation, with DOTAS declaration being used as a stick with which to beat legitimate investors—those who had never planned on having the liquid assets to meet disputed liabilities.

No doubt the Government—any Government—feel they can railroad those proposals through on a wave of popular demand for new measures to tackle tax avoidance, but although I agree that we have to clamp down on illegitimate tax avoidance, I worry about the potentially very wide-ranging consequences, including the fundamental undermining of the Government’s overarching aim to make Britain a place that is open for business. I support many of the underlying measures in the Bill that are focused on that aim, but this measure expands a profoundly anti-Conservative notion of retrospective legislation. The Minister and I have both been shadow Ministers; we know the number of Finance Bills proposed by the erstwhile Labour Administration in the latter half of the last decade that we expressed concern about because they contained precisely this type of anti-avoidance legislation with retrospective elements. We have to recognise that considerable hardship is imposed on many of those who are affected by such provisions.

I addressed these issues in an article in The Daily Telegraph several months ago. I was and continue to be inundated with letters and e-mails from ordinary people across the country who are utterly dismayed that a Conservative-led Government would initiate such a change in law. Let me highlight some of their comments, so that the Minister is fully aware of the impact of the proposal. One correspondent advised me:

“If this goes through, HMRC will be able to demand immediate and upfront payment of the money it says I owe as a result of their changing the law retrospectively—but without me even being able to present any arguments to the tax courts in my defence. If this were to happen I would need to lose my home in order to pay the bill. It is a monstrous injustice.”

Another correspondent wrote:

“If one was to listen to the Government, it could easily be believed that users of the structures declared under the DOTAS are malicious, super rich individuals, out to escape payment of their ‘fair share’, in contrast to ‘honest taxpayers’. I have been an employee of a company that provided a remuneration structure duly registered under the DOTAS.

In the aftermath of the most severe economic crisis in generations, the IT industry, in which I work, got hit very hard. I have been subjected to rate cut after rate cut since 2009, and for me, nominal income is only going in one direction: down. Yet, if I listen to”

the Government,

“it sounds like complying with an ‘accelerated payment’ will be but a well-deserved inconvenience, forcing me maybe to sell one of my numerous yachts or…homes. I am shocked and appalled at the cynical discourse that consists of creating this false image. I personally feel deeply insulted…. I am not a rich person by any stretch of the imagination; my partner and I rent a one bedroom apartment, and we live modestly.”

What is slightly depressing is that this sort of scrutiny has not really happened. I well understand why the Labour Opposition feel they do not want to stand up for those individuals affected by the accelerated payments regime. I ask the Minister once again in the implementation of the Bill to consider an exception in the case of existing DOTAS-registered schemes whose promoters have taken all reasonable measures to enable a dispute to be brought before the statutory appeals tribunal. I think there should also be a right to appeal against an accelerated payment on the ground that the money is not due, or that a follower notice or accelerated payment notice is not applicable.

Although the Government say the legislation is not retrospective, as it does not change an underlying tax liability, it will in fact apply with retrospective effect over the past 10 years to anyone who currently has an open appeal or inquiry. In my view, if the provision is to come into effect, it should be applied only in cases involving tax planning carried out after Royal Assent to this Finance Bill.

I am sorry if I sound a little churlish. The Minister is well aware, because we have discussed this privately as well as on the Floor of the House, that I think there is much that is good in the Bill, but it is right that these things are properly scrutinised and that scrutiny is ongoing. We are putting into place certain measures that I think set a potentially dangerous precedent and run counter to a principle that should be close to all our hearts: that the British tax system and the British economy should be open for business and open to the opportunities that we all want our constituents to benefit from as we move into a strong economic recovery in the years ahead.

Finance (No. 2) Bill

Mary Glindon Excerpts
Wednesday 9th April 2014

(10 years, 1 month ago)

Commons Chamber
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Catherine McKinnell Portrait Catherine McKinnell
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The hon. Gentleman is incredibly selective. If he genuinely believes that the policy will transform the Government’s appalling record on child poverty and the impact of their tax and benefit changes on women, he is deluded.

Mary Glindon Portrait Mrs Mary Glindon (North Tyneside) (Lab)
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My hon. Friend is making a good case for the amendment. Only a third of families will get £200 a year extra, but the average family will be £974 a year worse off by the time of the next election, which shows the iniquitous state of affairs that the measure will create.

Catherine McKinnell Portrait Catherine McKinnell
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My hon. Friend makes an important point. I would add that it is not a third of families who will gain from the policy—it is a third of married couples. Five in six households with children, whom many would consider to be families—particularly the Opposition, but perhaps not the Government—will not gain anything from the policy, which only compounds the child poverty issue about which the Government seem complacent.

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Cathy Jamieson Portrait Cathy Jamieson
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When the last Labour Government introduced a bank bonus tax, one of the issues that we considered was behavioural change, but that behavioural change has not come about in the way that we might have expected.

Let me return to our proposal that these funds should be used to return 900,000 long-term unemployed young people to work. The rate of long-term unemployment has almost doubled since 2010. Government Members talk of the number of jobs that have been created for people in their constituencies, but the fact is that in most constituencies young people are out of work for extended periods—in some instances, for more than a year. A year in the life of a young person can make all the difference to the extent to which that young person will succeed in later life. We all know that if young people do not have an opportunity to enter education, employment or training when they leave school, that can have significant implications for their earning capacity and ability to look after themselves and their families in later years, and indeed can have a number of long-term implications for the state.

Mary Glindon Portrait Mrs Glindon
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The cuts in the bank levy and corporation tax over the last three years have cost the country nearly £3 billion. Given what that £3 billion could have done for the young people my hon. Friend is describing, it is a disgrace that it was not collected.

Cathy Jamieson Portrait Cathy Jamieson
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I am sure that, like me, my hon. Friend meets young people every day who are desperate to get into employment, and understands absolutely what additional funding would do to help that happen. Like many other Members, I organised a jobs and employment fair in my constituency recently, and it was humbling to see the number of young people standing outside the hall queuing up before it opened in the morning in the hope of obtaining an interview and the opportunity to put themselves forward to the employers who were there either for an apprenticeship or even for part-time work—anything to get them off the dole queues. If we look at what we could do through this bankers bonus tax to support those young people, I think it is clear that is well worth introducing.

Unlike the Government, we are not willing to sit back and do nothing while ordinary people are struggling with the cost of living crisis. That is why we are calling on the Chancellor to publish a report on the feasibility of reintroducing the bank payroll tax and using the proceeds generated to fund what we have called a compulsory jobs guarantee.

It is important to stress a point I made earlier: under the scheme we are proposing every young person out of work for more than 12 months would be guaranteed a job, and they would take that up or they would lose benefits. So there is both the carrot and the stick, because we think that is important.