Oral Answers to Questions

Debate between Mel Stride and Desmond Swayne

Monday 19th June 2023 Commons Chamber

[Mel Stride]

I am grateful to the hon. Gentleman; I opened my door to him as soon as he requested and had him and his colleagues in for a discussion. We continue to consider those matters as part of the general policy going forward, and I will keep him informed of news as it may or may not occur.

[Sir Desmond Swayne (New Forest West) (Con)]

Is the disability action plan in addition to the national disability strategy?

Oral Answers to Questions

Debate between Mel Stride and Desmond Swayne

Monday 6th March 2023 Commons Chamber

[Mel Stride]

The two reports to which I have just referred are independent—from the Government Actuary’s Department, on matters such as life expectancy; and from Baroness Neville-Rolfe, on the metrics that should be taken into account in determining when the next increase in the state pension age should occur. We certainly take into account issues such as pensioner poverty, on which we have an excellent record. In fact, relative pensioner poverty before housing has halved since 1999, and there are 400,000 fewer pensioners in absolute poverty—that is before or after housing—compared with 2009-10.

[Sir Desmond Swayne (New Forest West) (Con)]

Is it realistic to continue to expect people to spend a third of their lives on a pension?

[Mel Stride]

I have great respect for my right hon. Friend, but I am afraid that although he tempts me to answer that question, I cannot prejudge the decisions that I will take in the review.

Budget Resolutions

Debate between Mel Stride and Desmond Swayne

Wednesday 11th March 2020 Commons Chamber

[Mel Stride]

Quite the reverse. I began by pointing out that the fundamentals of the economy are strong. They certainly were not strong in 2010. We inherited something of a mess from the Labour party.

[Sir Desmond Swayne (New Forest West) (Con)]

Will my right hon. Friend reflect on the significant temptation that the Government can now borrow for 10 years at 0%?

[Mel Stride]

My right hon. Friend intervenes exactly as I am about to move on to just that point. I assume that the Chancellor is adhering to the rules set out in the manifesto. In other words, we will borrow up to 3% of GDP, subject to a cap in the event that the interest on that borrowing meets or exceeds 6% of the Government’s revenues. It seems to me, from what I have quickly scribbled on the back of a piece of paper, that the kind of figures for public sector net investment he envisages rolling out—I think he gave a figure of £110 billion by 2024-25—probably pushes us right up against that 3% level. I am looking at the Chancellor and he is kind of nodding, slightly at least, so I am assuming that that is broadly correct. The Select Committee will want to probe how sustainable that is, particularly in light of possible recasting of forecasts going forward.

The Chancellor also raised a very interesting point about how to categorise human capital as between day-to-day spending and investment. I know he will be looking at that very closely. I can assure him that the Treasury Committee will be also be looking at that very carefully to make sure it is a rational and sensible thing to do, and not in any way shuffling the figures around to spend more and break existing arrangements. The announcements on greater spending on housing, green investment, flooding arrangements, roads, rail and the A303—thank you for what you are doing for the south-west, Chancellor—are all important, particularly given our historically low levels of productivity.

Leaving the EU: Economic Impact of Proposed Deal

Debate between Mel Stride and Desmond Swayne

Wednesday 20th February 2019 Commons Chamber

[Mel Stride]

I think the right hon. Gentleman’s question would be most appropriately directed to the Department for Business, Energy and Industrial Strategy as to the specifics of the companies that he listed. Honda, a company that has already been mentioned in this respect, has made it clear that its decision to leave the United Kingdom is not a consequence of Brexit; it is more to do with international changes around cars and the position of diesel, and of course the deal that Japan has struck on zero tariffs in a few years’ time for exports from Japan to the European Union.

[Sir Desmond Swayne (New Forest West) (Con)]

What would be the economic impact of membership of a customs union where access to our market was conceded to a third party without any reciprocal arrangement of our access to theirs?

[Mel Stride]

My right hon. Friend asks a specific, interesting question, which prompts many other questions on exactly the form of the model that he is postulating. The important thing, when it comes to access to our markets in future, is that we have a tariff policy that protects domestic producers in our economy where they require protection, and ensures that our trade remedy regime is robust, so that we can prevent the dumping of products into the UK market, and also is sufficiently liberalised such that the cost savings that would accrue from liberalised tariffs are there for the benefit both of consumers and those who use those products in their production processes within the UK market.

Oral Answers to Questions

Debate between Mel Stride and Desmond Swayne

Tuesday 6th November 2018 Commons Chamber

[Mel Stride]

As the hon. Gentleman will know, we have consulted on APD and VAT on tourism in Northern Ireland, and we have now reported back on that consultation. We are setting up a technical working group to look specifically at the issue of short-haul APD to see whether there is some way in which that could be addressed.

[Sir Desmond Swayne (New Forest West) (Con)]

Even before that great day, what reassurance can the Minister give to those of us who hold on to the quaint belief that Budgets should balance?

[Mel Stride]

We take a very balanced approach to the economy, which of course includes ensuring that we stick rigorously to our fiscal rules. We have met the two intermediate rules a full three years early. We continue to bear down on the deficit, and debt as a percentage of GDP will continue to fall throughout every year of this Parliament.

Leaving the EU: UK Ports (Customs)

Debate between Mel Stride and Desmond Swayne

Monday 19th March 2018 Commons Chamber

[Mel Stride]

There will be no requirement for anything like the level of stoppages at Dover that the right hon. Gentleman suggests. We will use technology to facilitate the movement of trucks and goods through the port of Dover. If there is an intelligence-led requirement to stop any vehicles, that can be done outside the port of Dover. We will make sure that traffic through the port keeps flowing.

[Sir Desmond Swayne (New Forest West) (Con)]

If we adopt unilateral free trade, we will not be the source of any friction, will we?

[Mel Stride]

I thank my right hon. Friend for his succinct question. Of course, that very much depends on where we end up in respect of our free trade agreements with the European Union and with other countries.