All 1 Debates between Lord Hammond of Runnymede and Emma Dent Coad

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Emma Dent Coad
Tuesday 21st May 2019

(4 years, 10 months ago)

Commons Chamber
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Emma Dent Coad Portrait Emma Dent Coad (Kensington) (Lab)
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T5. According to the Sunday Times rich list the 10 wealthiest people in the country have a combined wealth of £143 billion; half of them live in my constituency. Meanwhile, according to the Child Poverty Action Group, across Kensington and Chelsea 8,500 children—37%—live in poverty, and in one ward nearly half do. Inequality in my constituency is getting worse. When will the Chancellor reverse this trickle-up economy by chasing tax-dodging plutocrats who are stealing food from the mouths of our children, many of them from working poor families?

Lord Hammond of Runnymede Portrait Mr Philip Hammond
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We are chasing tax dodgers everywhere. [Interruption.] Yes, we are. We have raised £200 billion of additional revenue since 2010 by clamping down on tax avoidance and evasion. Yet what did I hear when I came into the Chamber today? I heard Labour Member after Labour Member challenging my right hon. Friend the Financial Secretary to the Treasury about the loan charge, a clear attempt to deal with a piece of egregious tax avoidance which Opposition Members seem to have a totally different view about.