Topical Questions — House of Commons, 2016-01-19
Topic: Macroeconomics
Questions: This Chancellor has given more than any before him to the cause of looking after our armed forces veterans in this country, and for that I thank him wholeheartedly. Does he agree that although the charity sector has a key role to play, ultimately veterans’ care is a state responsibility and we must ensure that the money coming from Government is used for evidence-based, empirically measured professional treatments for our veterans and their families?; The collapse of UK manufacturing has in fact been going on for some 50 years—it has gone from 30% of the economy in the 1970s to less than 10% today, and from more than 20% of all jobs in the 1980s to only 8% today. Given the scale and length of this decline, why have the Government not made manufacturing and exports one of their top priorities?; Although I welcome the Government’s move towards digitisation of tax, a number of self-employed people and small businesses across my constituency, approximately 74% of which employ fewer than four people, have voiced concern about how quarterly tax reporting might have a negative effect on their human and financial resources, depending on their reliance on an accountant. What support will be provided to our small businesses to help them to adapt to the proposed changes?; The midlands engine has been turbo-charged, with recent figures showing four Staffordshire constituencies in the top seven ranked by the extent of the fall in the claimant count between May 2010 and November 2015, with Cannock Chase ranked fourth. What measures is my right hon. Friend taking to make sure that we maintain the positive momentum?; How on earth will a £42 million cut over the next four years to the UK Trade & Investment budget enable it to become “a world class export and investment promotion agency”?; Many of my constituents who watch “Coronation Street” will be following the story of Tyrone Dobbs’ struggle with debt with keen interest. Unsecured lending reached a record high last year, with more than 3 million people in problem debt. The Government promised a review of what breathing space creditors should give to people who are engaged with a debt charity or agency, so that their debts do not continue to spiral out of control while they are working to resolve them. The review was due by the end of 2015. When do the Government now plan to announce it?; The Conservative leader of Essex county council has told the Prime Minister that the 2% social care precept will cover only half the council’s increased costs. He has suggested bringing better care funding forward to 2017 and asked for a fairer redistribution of funds. Even Conservative councils cannot wait till 2019 for the funding that the Chancellor has allocated, so will he act now to avoid a further crisis in social care?; I have just chaired a packed meeting of the all-party parliamentary group on carbon capture and storage with the Minister of State, Department of Energy and Climate Change. There was a lot of anger in the room over the Chancellor’s decision to axe the funding for the CCS competition projects. What funding will the Chancellor provide when DECC comes up with its new CCS strategy in the autumn?
George Gideon Oliver Osborne (Conservative, Centre-right): As I said, manufacturing makes up a larger sector of the economy than when I became Chancellor, but there is a huge amount more to do to make the UK more competitive, to make our businesses more competitive, and to improve skills for our manufacturers and the like. I have to say, and I suspect the hon. Lady agrees with me, that the idea of banning manufacturers from paying dividends would not be a particularly sensible way forward. Unfortunately, that is now the policy of the Labour party.