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Budget debate on Wednesday, 12 March 2008, in the House of Commons, led by Lord Cameron of Chipping Norton.

AMENDMENT OF THE LAW

Budget debate (first day) and motion for amendment of the law.

Secondary information

Type
Parliamentary proceeding
Reference
473 c299-382 
Session
2007-08
Department
Treasury
Chamber / Committee
House of Commons chamber
Proceeding contributions
Russell Brown | 473 c379 (Link to this contribution) I join colleagues in congratulating the Chancellor on what I hope is the first of many Budgets from ...
Austin Mitchell | 473 c379 (Link to this contribution) No, I am sorry; time is pressing. We need lower interest rates and a more competitive exchange rate...
Show all contributions (155)
Bob Spink | 473 c379 (Link to this contribution) I am grateful to the hon. Gentleman—perhaps I can call him my hon. Friend, given that all Members of...
Rob Marris | 473 c366-8 (Link to this contribution) The Budget takes place in difficult circumstances, given what has gone on in the world. I shall not ...
Bob Spink | 473 c379 (Link to this contribution) Will the hon. Gentleman give way?
Nigel Evans | 473 c371 (Link to this contribution) No, I shall not, because I have only four minutes left. I was with the chief executive of the Taxpa...
David Kidney | 473 c371-3 (Link to this contribution) ““Congratulations, Mr. Chancellor, I am pleased to tell you that you have passed your test and can n...
Mark Field | 473 c373-7 (Link to this contribution) Essentially, this was a paralysis Budget. There was virtually nothing in the Chancellor’s speech tha...
Austin Mitchell | 473 c377-9 (Link to this contribution) My right hon. Friend the Chancellor should be congratulated on a solid, sensible, workmanlike and ut...
David Evennett | 473 c369 (Link to this contribution) My hon. Friend is making his usual robust and impressive contribution. Does he agree that this is a ...
Nigel Evans | 473 c369-70 (Link to this contribution) I agree with my hon. Friend; that is exactly what is happening. It has been estimated that the tax t...
Russell Brown | 473 c370 (Link to this contribution) Will the hon. Gentleman give way?
Jacqui Lait | 473 c365 (Link to this contribution) While the hon. Gentleman is on the subject of the difficulties of increasing taxation, I wonder whet...
Viscount Thurso | 473 c366 (Link to this contribution) As I am trying my level best to give up the weed, I do not have a fag packet on me, so I have been u...
Stephen Hesford | 473 c363 (Link to this contribution) The hon. Gentleman has made his point, but I do not agree with it. I welcome the Budget.
Viscount Thurso | 473 c364-5 (Link to this contribution) The hon. Member for Brent, North (Barry Gardiner) drew me to my feet with his full and erudite expos...
Stephen Hesford | 473 c362-3 (Link to this contribution) No, he does not. I have mentioned investment in infrastructure, but I also want to mention investme...
Mark Field | 473 c363 (Link to this contribution) That allegation of £10 billion in cuts is every bit as fatuous as that made by the hon. Member for D...
Stephen Hesford | 473 c362 (Link to this contribution) From a sedentary position, the hon. Gentleman mentioned privatisation. Does he want to intervene?
Stephen Hesford | 473 c361-2 (Link to this contribution) I do not accept the hon. Gentleman’s figure; I understand it to be 2.9 per cent. However, let us not...
Stewart Hosie | 473 c317 (Link to this contribution) Is the right hon. Gentleman equally concerned that the tables in the Red Book have been changed? It ...
Gavin Strang | 473 c316-7 (Link to this contribution) The hon. Member for Beckenham (Mrs. Lait) made an interesting speech; the House will hope that her m...
Jacqui Lait | 473 c316 (Link to this contribution) I want to let others in, as I know that many hon. Members wish to contribute. I shall move on to on...
Michael Jack | 473 c319 (Link to this contribution) Will the right hon. Gentleman give way?
Gavin Strang | 473 c318-9 (Link to this contribution) I hear what the hon. Gentleman says. If the tax is put on, it will have an effect, whatever happens....
Nigel Evans | 473 c318 (Link to this contribution) Does the right hon. Gentleman agree that any ““green taxes”” should be revenue-neutral? Green taxes ...
Gavin Strang | 473 c317-8 (Link to this contribution) I congratulate the hon. Gentleman on his detailed scrutiny of the figures. He will certainly agree w...
Gavin Strang | 473 c319 (Link to this contribution) I will, but for the last time because a lot of Members want to speak.
Andrew Smith | 473 c321 (Link to this contribution) Will not the right hon. Gentleman’s constituents, especially those on low incomes, welcome the incre...
Michael Jack | 473 c320-1 (Link to this contribution) It is a pleasure to follow my fellow member of the Select Committee on Environment, Food and Rural A...
Baroness Burt of Solihull | 473 c321 (Link to this contribution) Does the right hon. Gentleman agree that while larger businesses will experience a small decrease in...
Michael Jack | 473 c321 (Link to this contribution) The right hon. Gentleman is right to paint some positive pictures. I am sure that those who are able...
Rob Marris | 473 c322 (Link to this contribution) The right hon. Gentleman referred to the fact that the picture is not so good, and to fiscal drag on...
Austin Mitchell | 473 c323 (Link to this contribution) I find myself in the paradoxical and unusual position of agreeing with the right hon. Gentleman. Doe...
Michael Jack | 473 c322 (Link to this contribution) It may not, but I suggest that the hon. Gentleman, who I know takes a keen interest in these matters...
Michael Jack | 473 c319 (Link to this contribution) Did the right hon. Gentleman find anything in the Budget that might encourage expanding areas of avi...
Gavin Strang | 473 c319-20 (Link to this contribution) The proposal to move from taxing flights as opposed to passengers is certainly a positive move. I he...
Ken Purchase | 473 c326-7 (Link to this contribution) It is a great pleasure to follow the right hon. Member for Fylde (Mr. Jack) and to listen to his wor...
Jacqui Lait | 473 c325 (Link to this contribution) I share my right hon. Friend’s analysis, which he presents in a sophisticated manner. He mentioned t...
Michael Jack | 473 c325-6 (Link to this contribution) I agree because no investment can be risk-free. However, on the cost of investment, the Government t...
Stephen Hesford | 473 c325 (Link to this contribution) Does the right hon. Gentleman agree that the Government were right to step in on Northern Rock to st...
Michael Jack | 473 c325 (Link to this contribution) The Government had to take action on Northern Rock because many innocent individuals were caught up ...
Michael Jack | 473 c323-5 (Link to this contribution) Sadly, the hon. Member for Great Grimsby (Mr. Mitchell) is no longer in his place, but my hon. Frien...
Michael Jack | 473 c323 (Link to this contribution) The hon. Gentleman raises an interesting point, but longer-term mortgages relate to the stabilisatio...
Ken Purchase | 473 c323 (Link to this contribution) I have a slightly different point from that of my hon. Friend the Member for Great Grimsby (Mr. Mitc...
Michael Jack | 473 c323 (Link to this contribution) It is a pleasure to agree with the hon. Gentleman. I seem to recall that section 11 of the Bank of E...
David Kidney | 473 c328 (Link to this contribution) Although we could say that this Labour Government were slow to support manufacturing, would my hon. ...
Ken Purchase | 473 c328-9 (Link to this contribution) I think that I read the same paper. That is absolutely true, and the Government have taken a number ...
Jim Sheridan | 473 c329 (Link to this contribution) I share my hon. Friend’s passion for manufacturing. Does he welcome the Chancellor’s statement today...
Ken Purchase | 473 c329-30 (Link to this contribution) Yes, and may I also point out that many of our local authorities have a long and honourable record o...
Ken Purchase | 473 c327-8 (Link to this contribution) I am pleased to hear the right hon. Gentleman moving back towards the middle path that I was suggest...
Michael Jack | 473 c327 (Link to this contribution) I would not like my remarks to be construed as an attack; it is more a question of saying, ““Watch o...
Ken Purchase | 473 c328 (Link to this contribution) The hon. Gentleman shares my views on such matters. Of course I agree with that, but it is worth ref...
Nigel Evans | 473 c328 (Link to this contribution) I share the hon. Gentleman’s interest in the manufacturing industry in the UK. We are all aware of t...
Baroness Burt of Solihull | 473 c333 (Link to this contribution) Will the right hon. Gentleman clear something up for me? Was not a £30,000 tax for non-doms initiall...
Lord Lilley | 473 c333 (Link to this contribution) I am sorry that the young lady—I mean hon. young Lady—has not been listening. I said that I hoped th...
Austin Mitchell | 473 c334 (Link to this contribution) It must be admitted that although the formulation has changed, it is clear that the Conservatives we...
Nigel Evans | 473 c330 (Link to this contribution) Those are the vehicles that the Chancellor has announced the extra taxes on.
Lord Lilley | 473 c331-3 (Link to this contribution) I would like to enter that on the Register of Members’ Interests. A disgraceful feature of this Bud...
Michael Jack | 473 c331 (Link to this contribution) May I immediately reciprocate my right hon. Friend’s generosity? I look forward to getting our diari...
Lord Lilley | 473 c331 (Link to this contribution) It is a pleasure to follow the hon. Member for Wolverhampton, North-East (Mr. Purchase), who rightly...
Ken Purchase | 473 c330-1 (Link to this contribution) Thank you very much. I endorse the remarks of the hon. Member for Solihull (Lorely Burt). We share ...
Speaker | 473 c337 (Link to this contribution) Order. I think that the hon. Gentleman has done enough to inform the House on that point. It is cert...
Barry Gardiner | 473 c338-41 (Link to this contribution) Conservative Members have spoken about the burden of taxation—that is how they regard it—but I regar...
Rob Marris | 473 c341 (Link to this contribution) I agree with my hon. Friend that the issue is delicate, but I caution him, because it is a delicate ...
Stephen Hesford | 473 c335 (Link to this contribution) I am obliged to the right hon. Gentleman, who will have an active memory of those times. I was still...
Lord Lilley | 473 c334-5 (Link to this contribution) I think it began the day the Chancellor started announcing proposals to investigate overseas earning...
Lord Lilley | 473 c335 (Link to this contribution) That was very much the question that I intended to address and I am grateful to the hon. Gentleman f...
Bob Spink | 473 c337 (Link to this contribution) On a point of order, Mr. Deputy Speaker. I wonder whether you could advise me on how I can inform th...
Lord Lilley | 473 c335-7 (Link to this contribution) Egypt, Pakistan and Hungary. My apologies to Bangladesh. It is sad that one must apologise to Bangla...
Russell Brown | 473 c349 (Link to this contribution) I hope to make a contribution in this debate later, but let me say now that price is not the sole is...
Stewart Hosie | 473 c349 (Link to this contribution) I agree entirely. Much of this involves cultural and educational issues. However, the evidence that ...
Russell Brown | 473 c348 (Link to this contribution) I thank the hon. Gentleman for giving way—I have the press release from the Scotch whisky industry h...
Stewart Hosie | 473 c349 (Link to this contribution) I suspect that the young men and women who binge drink and cause disturbances on our streets in the ...
David Leslie Taylor | 473 c350 (Link to this contribution) We have heard several times how complimentary the hon. Gentleman can be about the SNP Administration...
Stewart Hosie | 473 c350-1 (Link to this contribution) There are two points. First, because Scotland has been in surplus for the past 30 years, every singl...
Sammy Wilson | 473 c349 (Link to this contribution) This problem has been thrown into sharp relief in Northern Ireland because of the high levels of dut...
Stewart Hosie | 473 c349-50 (Link to this contribution) A specific issue exists when a land border exists between one duty regime and another. The hon. Gent...
Stewart Hosie | 473 c351 (Link to this contribution) I am well aware of the regional imbalance in spending in England. I welcome the hon. Gentleman’s dem...
David Leslie Taylor | 473 c351 (Link to this contribution) As someone with Scottish roots, I would hardly advocate that approach. As far as long-term financial...
Barry Gardiner | 473 c341-2 (Link to this contribution) No, it is not a delicate matter; it would be a foolish thing for anyone to do. It is not a matter of...
Lord Brady of Altrincham | 473 c342 (Link to this contribution) Tax on motor cars is banded according to how badly they pollute the atmosphere, so why cannot aviati...
Barry Gardiner | 473 c342-4 (Link to this contribution) The hon. Gentleman makes a fair point. It is his own point, not one that I have considered, so I can...
Viscount Thurso | 473 c344 (Link to this contribution) I have been following the hon. Gentleman’s argument with great care and I agree with much of it. Is ...
Barry Gardiner | 473 c344-5 (Link to this contribution) I welcome the hon. Gentleman’s ingenuity in weaving his constituency so seamlessly into the debate. ...
David Leslie Taylor | 473 c345 (Link to this contribution) Research indicates that most people who suffer from the problem of alcohol abuse and binge drinking ...
Barry Gardiner | 473 c345 (Link to this contribution) My hon. Friend repeats in another form exactly the point that I am making. The special offers and th...
Mark Field | 473 c348 (Link to this contribution) I very much agree with the hon. Gentleman about alcopops. He will know that my party brought forward...
Stewart Hosie | 473 c345-8 (Link to this contribution) I have no idea what the final remark of the hon. Member for Brent, North (Barry Gardiner) meant. I p...
Stewart Hosie | 473 c348 (Link to this contribution) It has done extremely well—so well, in fact, that it is generating £2.5 billion in revenue, contribu...
Stuart Bell | 473 c354-5 (Link to this contribution) And the business has been kept intact for the future. As for what the hon. Member for Cities of Lond...
Jacqui Lait | 473 c356 (Link to this contribution) The hon. Gentleman’s memory and mine clearly are at odds. My memory of what happened in 1974 is clos...
Stephen Hesford | 473 c361 (Link to this contribution) Perhaps the right hon. Member for Witney misled the House unintentionally in this respect: he said t...
Stephen Hesford | 473 c360 (Link to this contribution) It is a pleasure to follow the hon. Member for Altrincham and Sale, West (Mr. Brady), who was my MP ...
Speaker | 473 c361 (Link to this contribution) Order. No right hon. or hon. Member would do what the hon. Gentleman implies. I suggest that he with...
Speaker | 473 c357 (Link to this contribution) Order. The current average length of Back-Bench speeches is 22 to 23 minutes. We have until 7 o’cloc...
Lord Brady of Altrincham | 473 c357-60 (Link to this contribution) I shall certainly be brief and seek to direct my remarks to the Budget, Mr. Deputy Speaker. I was n...
Speaker | 473 c356 (Link to this contribution) Order. In view of the dwindling amount of time, it might be better to come back up to date.
Stuart Bell | 473 c356-7 (Link to this contribution) All I could understand from what the hon. Lady said was that apparently the roof fell in at that tim...
Viscount Thurso | 473 c351 (Link to this contribution) May I seek clarification? Is it the policy of the hon. Gentleman’s party to maintain taper relief an...
Stewart Hosie | 473 c353 (Link to this contribution) The corporation tax reduction was announced last year, and it will come into force, but it was accom...
Stuart Bell | 473 c353-4 (Link to this contribution) I shall deal with the subject of small companies in a moment. In his speech, the hon. Gentleman mad...
Mark Hoban | 473 c354 (Link to this contribution) The rate of corporation tax for small companies is to rise by a penny this year and a penny next yea...
Stuart Bell | 473 c354 (Link to this contribution) That is an important point, which the hon. Gentleman may wish to make to the Financial Secretary whe...
Stewart Hosie | 473 c351-2 (Link to this contribution) We would not have done what the Government have done, because it is damaging to business. At the sam...
Stuart Bell | 473 c352-3 (Link to this contribution) I am grateful for the opportunity of following the hon. Member for Dundee, East (Stewart Hosie). It ...
Sammy Wilson | 473 c353 (Link to this contribution) While I do not think that any of us would question the use of PFI, the point that needs to be made i...
Stuart Bell | 473 c353 (Link to this contribution) I understand the hon. Gentleman’s point, but PFI schemes have always been off balance sheet. That wa...
Lord McFall of Alcluith | 473 c308-9 (Link to this contribution) I suggest that the hon. Gentleman do a bit of homework between now and next week and send me a lette...
Robert Smith | 473 c309 (Link to this contribution) In relation to poverty more widely, will the Chairman of the Select Committee also examine the Gover...
Lord McFall of Alcluith | 473 c307-8 (Link to this contribution) The hon. Gentleman is a very good member of the Treasury Committee, so he knows that we have been st...
Lembit Opik | 473 c308 (Link to this contribution) I am pleased to hear that the Committee will examine that. While doing so, will it examine the relat...
Lord McFall of Alcluith | 473 c306 (Link to this contribution) CDOs are collateralised debt obligations, and I shall explain the CDO-squared to my hon. Friend over...
Philip Dunne | 473 c306 (Link to this contribution) Does the Chairman of the Treasury Committee share my disappointment that the Chancellor did not have...
Lord McFall of Alcluith | 473 c305-6 (Link to this contribution) I welcome the opportunity to speak in the Budget debate. Given the economic instability and turbulen...
Nick Clegg | 473 c303-5 (Link to this contribution) I am told that during the Government’s previous 10 Budgets Prime Minster Blair did not know what the...
Lord McFall of Alcluith | 473 c309 (Link to this contribution) The hon. Gentleman makes an important point. I believe that he is a member of the Select Committee o...
Lord Cameron of Chipping Norton | 473 c299 (Link to this contribution) It is not difficult to see what is wrong with the Budget. It is not just that it was, on the whole, ...
Lord Cameron of Chipping Norton | 473 c300-3 (Link to this contribution) ““So what?”” says the Secretary of State for Children, Schools and Families. I know he wants to be C...
Jacqui Lait | 473 c313 (Link to this contribution) I know exactly what the hon. Gentleman is getting at, but I suspect that if the central banks contin...
Ken Purchase | 473 c313 (Link to this contribution) I thank the hon. Lady very much for the history lesson about 1929 and Galbraith’s treatise on the su...
Jacqui Lait | 473 c312-3 (Link to this contribution) My impression of the Budget is overwhelmingly one of boredom. It was illuminating to look around the...
Jacqui Lait | 473 c314-5 (Link to this contribution) I entirely agree with my hon. Friend, and I would love to find his rural garage that is charging onl...
Nigel Evans | 473 c314 (Link to this contribution) My hon. Friend speaks about fuel. She will accept that that now costs £1.08 or £1.12 a litre, or ove...
Jacqui Lait | 473 c313-4 (Link to this contribution) I think that I have already said that that is the potential problem that we face. As a Scot, I have ...
Lord McFall of Alcluith | 473 c313 (Link to this contribution) Regarding 1929, I am reminded of the remarks of Judge Pecora, who undertook the commission of inquir...
Jacqui Lait | 473 c315-6 (Link to this contribution) I disagree that that has not been happening. The hon. Gentleman may be disappointed that it is not h...
Mark Durkan | 473 c315 (Link to this contribution) We all take the hon. Lady’s point that to make sure that vehicle emissions are at a much lower level...
Jacqui Lait | 473 c315 (Link to this contribution) Which one shall I choose? I think I prefer the hon. Member for Foyle (Mark Durkan).
Lord McFall of Alcluith | 473 c309 (Link to this contribution) The hon. Gentleman was a member of that Committee the last time we spoke, but he has left it now. I ...
Lord McFall of Alcluith | 473 c309-11 (Link to this contribution) I know that personally, the hon. Gentleman is a bright and optimistic individual, but politically he...
Sammy Wilson | 473 c309 (Link to this contribution) Does the right hon. Gentleman accept that for many pensioners, some of whom have a small private pen...
Lord McFall of Alcluith | 473 c311 (Link to this contribution) Exactly. When we compare what happens in the US with what has happened in the City, we see that the ...
Rob Marris | 473 c311 (Link to this contribution) I welcome my right hon. Friend’s comments, because when I considered that matter 18 months or two ye...
Lord McFall of Alcluith | 473 c311 (Link to this contribution) We did visit America, and it is on the basis of that experience that I make my point. Those taking p...
Lord McFall of Alcluith | 473 c312 (Link to this contribution) I know where my hon. Friend is coming from, but the FSA and others have a legitimate point. As I say...
Mark Durkan | 473 c311 (Link to this contribution) Does the Chairman of the Select Committee not accept that if we simply allow people to come forward ...
Nigel Evans | 473 c369 (Link to this contribution) I should like to declare an interest, in that I am the owner of a small retail convenience store in ...
Michael Jack | 473 c321 (Link to this contribution) The hon. Lady, who had the pleasure of visiting my constituency not very long ago, makes a telling p...
Mark Field | 473 c361 (Link to this contribution) The hon. Gentleman would be guilty of inadvertently misleading the House, too, if he did not point o...
Russell Brown | 473 c380-2 (Link to this contribution) The hon. Gentleman makes an interesting point. This Government have done much for women pensioners, ...
Lord Lilley | 473 c338 (Link to this contribution) Well, not only is the world financial system brittle and on a knife edge, but so is the future of my...
Lord Brady of Altrincham | 473 c323 (Link to this contribution) I am interested to hear my right hon. Friend’s remarks. Conversely, is it not the case that during t...
Baroness Burt of Solihull | 473 c330 (Link to this contribution) The hon. Gentleman comes from the same region as I do. I have Land Rover in my constituency, and Jag...
Lord Lilley | 473 c333 (Link to this contribution) I should say spouse, yes. Wealthy wives will have to pay for their non-earning husbands and vice-ver...
Subjects
Budgets Borrowing Economic situation Public sector Taxation Tax yields Budget March 2008
Link
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