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Speech in Commons Chamber - Wed 20 Feb 2019
Leaving the EU: Economic Impact of Proposed Deal

"Of course, the economic effects are already being felt. I have spoken to businesses in my constituency that have gone from profit to loss and others that have cut investment. This week I spoke to Cardiff University, which cited Brexit as a factor in the job losses that it has …..."
Stephen Doughty - View Speech

View all Stephen Doughty (LAB - Cardiff South and Penarth) contributions to the debate on: Leaving the EU: Economic Impact of Proposed Deal
Written Question
Public Finance
Tuesday 29th January 2019

Asked by: Stephen Doughty (Labour (Co-op) - Cardiff South and Penarth)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much of the national insurance surplus has been spent on reducing national debt in each year since 2015.

Answered by Mel Stride - Shadow Chancellor of the Exchequer

The National Insurance Fund (NIF) is financed on a pay-as-you-go basis with receipts collected in one year used to pay for contributory benefits paid out in the same year. Surplus funds are transferred to the NIF Investment Account. The NIF Accounts present the receipts, payments and balance of the NIF at the end of each financial year. The accounts are available here: https://www.gov.uk/government/publications/national-insurance-fund-accounts

Speech in Commons Chamber - Wed 28 Nov 2018
Leaving the EU: Economic Analysis

"The Government’s conduct in this matter has been appalling. There is only one clear message that the public should hear from this: Brexit makes you poorer. Every scenario, including the European Economic Area scenario that many of us put forward as the least worst option, will make people poorer. Even …..."
Stephen Doughty - View Speech

View all Stephen Doughty (LAB - Cardiff South and Penarth) contributions to the debate on: Leaving the EU: Economic Analysis
Speech in Commons Chamber - Thu 01 Nov 2018
Leaving the EU: Central Counterparty Clearing

"My hon. Friend is drawing attention to an important set of issues of which I was not fully aware. He would probably agree that we cannot have an “It’ll be alright on the night” approach from the Government to such complex arrangements—we need surety on them. Was he interested, as …..."
Stephen Doughty - View Speech

View all Stephen Doughty (LAB - Cardiff South and Penarth) contributions to the debate on: Leaving the EU: Central Counterparty Clearing
Speech in Commons Chamber - Mon 22 Oct 2018
EU Customs Union and Draft Withdrawal Agreement: Cost

"Leaving the customs union will cost us billions, but it is also costing dear now. Does the Minister not agree with me that, with violent crime rising, the Home Office could have done with the extra money to pay for an extra 4,500 police officers, instead of £500 million for …..."
Stephen Doughty - View Speech

View all Stephen Doughty (LAB - Cardiff South and Penarth) contributions to the debate on: EU Customs Union and Draft Withdrawal Agreement: Cost
Speech in Commons Chamber - Mon 16 Jul 2018
Taxation (Cross-border Trade) Bill

"I have heard exactly the same points from businesses in my community. I have heard the same points about the Northern Ireland-Ireland border, too. That is why I favour staying in a customs union. The White Paper is full of magical thinking, but the amendments tabled by some in the …..."
Stephen Doughty - View Speech

View all Stephen Doughty (LAB - Cardiff South and Penarth) contributions to the debate on: Taxation (Cross-border Trade) Bill
Speech in Commons Chamber - Mon 16 Jul 2018
Taxation (Cross-border Trade) Bill

"What has really been going on here is that some of these extreme individuals have been threatening the Government, trying to hold them hostage, and saying that they will vote against Third Reading and bring the Government down, to get these bizarre, contradictory amendments through...."
Stephen Doughty - View Speech

View all Stephen Doughty (LAB - Cardiff South and Penarth) contributions to the debate on: Taxation (Cross-border Trade) Bill
Speech in Commons Chamber - Mon 16 Jul 2018
Taxation (Cross-border Trade) Bill

"It is very clear, as my hon. Friend says, who those Members are working with and what their agenda is. They are working with the likes of Nigel Farage and others who would like to see us crash out, so that they can deregulate the economy and change it into …..."
Stephen Doughty - View Speech

View all Stephen Doughty (LAB - Cardiff South and Penarth) contributions to the debate on: Taxation (Cross-border Trade) Bill
Speech in Commons Chamber - Thu 26 Apr 2018
Customs and Borders

"I sit on the Committee chaired by my right hon. Friend, and I wholeheartedly endorse the conclusions we came to regarding our serious worries about Government preparedness. Does she agree that not only is the border between Northern Ireland and the Republic of Ireland a serious issue that is yet …..."
Stephen Doughty - View Speech

View all Stephen Doughty (LAB - Cardiff South and Penarth) contributions to the debate on: Customs and Borders
Speech in Commons Chamber - Thu 26 Apr 2018
Customs and Borders

"My hon. Friend is being very generous in giving way. Unite––the union shop stewards who came to visit me from Rolls-Royce––made exactly that point. They explained the real damage that could be done by this to the aerospace industry in particular and the long and detailed supply chains that stretch …..."
Stephen Doughty - View Speech

View all Stephen Doughty (LAB - Cardiff South and Penarth) contributions to the debate on: Customs and Borders