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To ask the Secretary of State for Defence, how capital receipt from the disposal of Prince William of Gloucester Barracks will be used; and whether any will be reinvested in Army Reserve training infrastructure.
To ask the Secretary of State for Defence, how capital receipt from the disposal of Prince William of Gloucester Barracks will be used; and whether any will be reinvested in Army Reserve training infrastructure.
The estimated capital receipt for Prince William of Gloucester Barracks is commercially sensitive and cannot be released as to do so would prejudice the market and undermine the departments sale position.
Any receipts generated from the sale of sites including Prince William of Gloucester Barracks will be reinvested back into Defence as per the Departments standard disposal process.
The Chancellor once claimed that she had a plan for fixing the foundations with infrastructure at the very heart. Now, through a consultation that the Government hoped nobody would notice, she has found a way to tax the foundations. By looking to impose a new levy on quarries, Labour could add billions of pounds more to the costs of infrastructure projects across the country. That cannot be right. Can the Chancellor please provide the construction industry—the very people who will grow our economy—with an assurance that this proposed builders tax will not go ahead?
The Chancellor once claimed that she had a plan for fixing the foundations with infrastructure at the very heart. Now, through a consultation that the Government hoped nobody would notice, she has found a way to tax the foundations. By looking to impose a new levy on quarries, Labour could add billions of pounds more to the costs of infrastructure projects across the country. That cannot be right. Can the Chancellor please provide the construction industry—the very people who will grow our economy—with an assurance that this proposed builders tax will not go ahead?
The Government are currently consulting on a landfill tax. It is a consultation, and it is open for comments from right across industry, but this Government are investing in infrastructure. Compared with the plans that we inherited, which would have seen capital investment fall as a share of GDP, we are instead putting an additional £120 billion in, as well as £70 billion through the National Wealth Fund. Crucially, that is leveraging in private sector investment in transport infrastructure, including roads, railways and airports, and digital infrastructure. We are growing the economy—a far cry from what the Conservatives did in their 14 wasted years.
To ask the Chancellor of the Exchequer, with reference to the consultation on Reform of Landfill Tax, what estimate her Department has made of the total cost of proposed Landfill Tax changes on government-funded infrastructure projects in the next five years.
To ask the Chancellor of the Exchequer, with reference to the consultation on Reform of Landfill Tax, what estimate her Department has made of the total cost of proposed Landfill Tax changes on government-funded infrastructure projects in the next five years.
The government consulted on proposals for reform of landfill tax on 28 April following a call for evidence in 2021. The consultation closed on 28 July, and the government is currently considering responses.
As part of the consultation on Reform of Landfill Tax, the Government has received a wide range of views from stakeholders, including representatives from the construction sector. Reducing the amount of waste material sent to landfill remains a key environmental objective, supporting the transition to a circular economy. The government recently published a 10-year infrastructure strategy that set out the government’s long-term plan for economic, housing and social infrastructure to drive growth.
We will continue to work across government and engage with stakeholders, including the National Infrastructure and Service Transformation Authority, to assess the potential impacts on infrastructure projects. This approach will ensure that infrastructure delivery is supported while advancing circular economy objectives.
The government will respond to the consultation in due course.
To ask the Chancellor of the Exchequer, with reference to the consultation on Reform of Landfill Tax, what assessment her Department has made of the potential impact of proposed changes to the Landfill Tax on the (a) cost and (b) viability of (i) the expansion of Heathrow airport and (ii)...
To ask the Chancellor of the Exchequer, with reference to the consultation on Reform of Landfill Tax, what assessment her Department has made of the potential impact of proposed changes to the Landfill Tax on the (a) cost and (b) viability of (i) the expansion of Heathrow airport and (ii)...
The government consulted on proposals for reform of landfill tax on 28 April following a call for evidence in 2021. The consultation closed on 28 July, and the government is currently considering responses.
As part of the consultation on Reform of Landfill Tax, the Government has received a wide range of views from stakeholders, including representatives from the construction sector. Reducing the amount of waste material sent to landfill remains a key environmental objective, supporting the transition to a circular economy. The government recently published a 10-year infrastructure strategy that set out the government’s long-term plan for economic, housing and social infrastructure to drive growth.
We will continue to work across government and engage with stakeholders, including the National Infrastructure and Service Transformation Authority, to assess the potential impacts on infrastructure projects. This approach will ensure that infrastructure delivery is supported while advancing circular economy objectives.
The government will respond to the consultation in due course.
To ask the Chancellor of the Exchequer, with reference to the consultation on Reform of Landfill Tax, whether she has considered the potential long-term inflationary impact of the proposed Landfill Tax changes on public infrastructure procurement.
To ask the Chancellor of the Exchequer, with reference to the consultation on Reform of Landfill Tax, whether she has considered the potential long-term inflationary impact of the proposed Landfill Tax changes on public infrastructure procurement.
The government consulted on proposals for reform of landfill tax on 28 April following a call for evidence in 2021. The consultation closed on 28 July, and the government is currently considering responses.
As part of the consultation on Reform of Landfill Tax, the Government has received a wide range of views from stakeholders, including representatives from the construction sector. Reducing the amount of waste material sent to landfill remains a key environmental objective, supporting the transition to a circular economy. The government recently published a 10-year infrastructure strategy that set out the government’s long-term plan for economic, housing and social infrastructure to drive growth.
We will continue to work across government and engage with stakeholders, including the National Infrastructure and Service Transformation Authority, to assess the potential impacts on infrastructure projects. This approach will ensure that infrastructure delivery is supported while advancing circular economy objectives.
The government will respond to the consultation in due course.
We know that the Energy Secretary is against airport expansion unless it is in Doncaster, and we know that many Labour MPs are against airport expansion unless it is in Pakistan. To be fair, at least the Chancellor wants airport expansion actually in this country, but at the same time she is jacking up air passenger duty by as much as 16%. Only this Chancellor could be pro-airport, but anti-passenger. Labour’s Climate Change Committee wants to see air passenger numbers fall by 2030, so I ask the Minister: does he?
We know that the Energy Secretary is against airport expansion unless it is in Doncaster, and we know that many Labour MPs are against airport expansion unless it is in Pakistan. To be fair, at least the Chancellor wants airport expansion actually in this country, but at the same time she is jacking up air passenger duty by as much as 16%. Only this Chancellor could be pro-airport, but anti-passenger. Labour’s Climate Change Committee wants to see air passenger numbers fall by 2030, so I ask the Minister: does he?
No.
Never in doubt, Mr Speaker.
May I welcome the Parliamentary Secretary to the Treasury, the hon. Member for Swansea West (Torsten Bell), to his place? The removal of investment allowances from our domestic oil and gas industry is strangling domestic supplies at a time when our storage levels are depleted. Labour’s ideologically driven, unachievable obsession with decarbonising the grid by 2030 might be good news for Chinese renewables manufacturers, but it is bad news for British households. Is it not the case that the only growth that we will see from Labour’s energy policy is in the amount that people pay for their energy bills, or can the Minister stand up now and commit—just as Labour did during the general election campaign—to cutting energy bills by £300?
Never in doubt, Mr Speaker.
May I welcome the Parliamentary Secretary to the Treasury, the hon. Member for Swansea West (Torsten Bell), to his place? The removal of investment allowances from our domestic oil and gas industry is strangling domestic supplies at a time when our storage levels are depleted. Labour’s ideologically driven, unachievable obsession with decarbonising the grid by 2030 might be good news for Chinese renewables manufacturers, but it is bad news for British households. Is it not the case that the only growth that we will see from Labour’s energy policy is in the amount that people pay for their energy bills, or can the Minister stand up now and commit—just as Labour did during the general election campaign—to cutting energy bills by £300?
I think that remark was directed at the hon. Member in a previous life.
We have committed to 100% first year allowances and to maintaining that going forward, but unless we deliver secure energy, generated at home through cheap renewables, there is no energy security to be had in the years ahead.
What fiscal steps he is taking to incentivise businesses to invest in new infrastructure and equipment.
What fiscal steps he is taking to incentivise businesses to invest in new infrastructure and equipment.
The Infrastructure Forum recently published a report that showed clearly that the super deduction is already having an impact, accelerating investment by businesses. Will my right hon. Friend join me in encouraging businesses across Grantham and Stamford to take up the relief, and does he agree that this is exactly the kind of investment that will boost jobs and level up our country?
The Infrastructure Forum recently published a report that showed clearly that the super deduction is already having an impact, accelerating investment by businesses. Will my right hon. Friend join me in encouraging businesses across Grantham and Stamford to take up the relief, and does he agree that this is exactly the kind of investment that will boost jobs and level up our country?
From the Office for Budget Responsibility to the Bank of England, many people have described the super deduction as doing exactly what my hon. Friend has said, and that is why we know it is working. I recently visited BT, for example, which, because of the super deduction, is now increasing the speed of its roll-out to millions more houses and creating thousands of new jobs in the process. My hon. Friend is absolutely right, and I encourage his businesses to take up the super deduction, and, indeed, we see that; a Deloitte survey recently showed that business intentions to invest in this country are the highest they have been in years.
In order to truly level up constituencies like mine in Lincolnshire, we will need to mobilise billions of private capital to help us to pay for new infrastructure investment. Will the Prime Minister consider launching a new financial institution such as a national development bank to help to achieve this?
In order to truly level up constituencies like mine in Lincolnshire, we will need to mobilise billions of private capital to help us to pay for new infrastructure investment. Will the Prime Minister consider launching a new financial institution such as a national development bank to help to achieve this?
I am grateful to my hon. Friend for what he is doing to campaign for Grantham and Stamford and for Lincolnshire. I can tell him that we are putting another £125 million into Greater Lincolnshire through the growth deals and another £25 million through the Getting Building fund. We will be bringing forward further measures—I take his point on board very sincerely—to boost investment in UK infrastructure in due course.
I thank the Treasury team for their leadership throughout this crisis. As they look at ways to stimulate our economy, will they consider issuing a UK green gilt as a specific way to fund local transport infrastructure and to affirm this Government’s commitment to climate change?
I thank the Treasury team for their leadership throughout this crisis. As they look at ways to stimulate our economy, will they consider issuing a UK green gilt as a specific way to fund local transport infrastructure and to affirm this Government’s commitment to climate change?
My hon. Friend raises an important point. Although at present we have no plans to do as he suggests, he will be well aware, from the green finance strategy, that the Government remain open to the introduction of new debt instruments, and I am happy to continue to discuss the issue with him.
What fiscal steps he is taking to improve local transport infrastructure.
What fiscal steps he is taking to improve local transport infrastructure.
My hon. Friend the Member for Keighley (Robbie Moore) has, I know, been working hard to highlight the important pedestrian crossing issues in his constituency, and I am committed to working with him on that. He can benefit from the significant funding for cycling and walking included in the £2 billion announced recently.
What steps her Department is taking to help improve infrastructure in developing countries.
What steps her Department is taking to help improve infrastructure in developing countries.
DFID has over 150 infra- structure programmes, including providing water, roads, electricity, schools and hospitals. This Government established the International Development Infrastructure Commission to accelerate our work in this area.
Infrastructure is critical for economic growth, creating jobs and boosting businesses, but we must also be mindful of the natural environment. What steps are the Government taking to ensure that new infrastructure development in developing countries is sustainable?
Infrastructure is critical for economic growth, creating jobs and boosting businesses, but we must also be mindful of the natural environment. What steps are the Government taking to ensure that new infrastructure development in developing countries is sustainable?
DFID is directly investing in infrastructure programmes that will enhance climate resilience in developing countries. Our work is focused on creating the right enabling conditions to direct private finance into low-carbon infrastructure, expanding Africa’s financial markets and unlocking investment through innovative instruments such as green investment bonds.