Topical Questions — House of Commons, 2018-12-11
Topic: Macroeconomics
Questions: On Saturday in my constituency I met Tom, a student at the University of Gloucestershire, who shares my concerns that online digital marketplaces, social media companies and search engines should pay their fair share of tax. What steps are being taken to ensure that they do precisely that?; I have been listening carefully to these questions, and it strikes me that from members of all the Opposition parties we hear pleas that business wants uncertainty to end, but at the same time they have been deliberately seeking to provoke chaos by not supporting the Prime Minister’s withdrawal agreement. Does the Chancellor agree that they are playing political games with the lives and jobs of the British people?; Further to the answer that the Chancellor just gave my hon. Friend the Member for Bootle (Peter Dowd), may I point out that the Father of the House, the right hon. and learned Member for Rushcliffe (Mr Clarke), pointed out last week that if we were to be in a customs union, we would need to have the same regulatory standards as the Europeans? That is true, because they fear unfair competition through a regulatory race to the bottom. If the Prime Minister does not succeed today, will the Chancellor revisit that option?; Lower taxes and a simplified tax system are crucial to long-term economic growth and competition. Will the Chancellor consider introducing new tax reforms in the future, including a combination of income tax and national insurance, to improve the efficiency of our tax system?; Given this country’s £5.9 billion net trading surplus with the EU in insurance, will the Chancellor take the opportunity of the demise of the withdrawal agreement to make financial services a part of the Prime Minister’s next attempt at a Brexit deal?; I met the travel association ABTA this morning and it had two requests for the Chancellor: first, that he rules out no deal, because implementing no deal preparations potentially puts its smaller members out of business; and secondly, to hear from the Chancellor and Government when the immigration paper will be available, because without it ABTA members can make no business plans.; IPPR North’s analysis has shown that in the south £326 per head is spent on infrastructure, while only £156 per person is spent in the north, and small towns like those in my constituency have been hit the hardest, with lack of infrastructure and the withdrawal of public sector services. We now find out this week that there will be a third bailout for Crossrail 2, costing £2.1 billion; the Government are simply going to give it a cheque. When is the north-west going to get a £2.1 billion equivalent?; At our border, we need to ensure that we have security while securing freedom of movement of goods and people as well as gaining revenue. The head of HMRC has said that it will be almost impossible to do all those things if we crash out without a deal. The Chancellor keeps talking about a deal, but we are just over 100 days away from potentially crashing out, so what conversations is he having to ensure that we are not hit in the pocket as a result of a lack of revenue?
Elizabeth Mary Truss (Conservative, Centre-right): We are doing city deals right across Scotland and they are having huge benefits for the local economy. We have also announced in the Budget a freeze in whisky duty. The question now is how the Scottish Government will respond to that in their budget tomorrow. Will they cut income tax, and will they also cut business rates?