Government Performance against Fiscal Rules Debate
Full Debate: Read Full DebateDepartment: HM Treasury
Mike Martin
Main Page: Mike Martin (Liberal Democrat - Tunbridge Wells)Department Debates - View all Mike Martin's debates with the HM Treasury
Government Performance against Fiscal Rules
Mike Martin Excerpts(1 day, 17 hours ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Darren Jones
I thank my hon. Friend for demonstrating the real consequences of fiscal discipline, but also the fact that the Chancellor updated the fiscal rules to allow for investment in precisely the kinds of projects my hon. Friend mentions in his constituency—in hospitals, schools, better roads, public transport and more affordable housing across the country.
Mike Martin (Tunbridge Wells) (LD)
With its NI rises, among other measures, last year’s Budget skewed the tax burden on to small companies. My hon. Friend the Member for St Albans (Daisy Cooper) has just laid out some measures that would skew that burden towards bigger companies and multinationals. Given that the Government’s No. 1 priority is growth, could the Chief Secretary explain why we are taxing small companies over big companies?
Darren Jones
I think the hon. Member is referring to employer’s national insurance contributions, which—as I have set out to the House—were designed to limit the burden on smaller businesses, with bigger businesses paying more. That was the way that the system was designed, and that was the system that the Chancellor put forward.