We will replace the non-dom regime with a modern, simpler and fairer residency-based system. From April 2025, new arrivals to the UK will not be required to pay any tax on foreign income and gains for their first four years of UK residency: a more generous regime than at present,...

We will replace the non-dom regime with a modern, simpler and fairer residency-based system. From April 2025, new arrivals to the UK will not be required to pay any tax on foreign income and gains for their first four years of UK residency: a more generous regime than at present,...

I know how hard it is for the Opposition to listen to arguments for lower taxes. That is the difference.

Because we have asked those with the broadest shoulders to pay a bit more, today I go further. From 6 April, employee national insurance will be cut by another 2p, from...

I know how hard it is for the Opposition to listen to arguments for lower taxes. That is the difference.

Because we have asked those with the broadest shoulders to pay a bit more, today I go further. From 6 April, employee national insurance will be cut by another 2p, from...

Budget statement 6 March 2024. Ways and means resolution. Agreed to on division (288 to 88).

Budget statement 6 March 2024. Ways and means resolution. Agreed to on division (288 to 88).

As we mourn the tragic loss of life in Israel and Gaza, the Prime Minister reminded us last week of the need to fight extremism and heal divisions, so I start today by remembering the Muslims who died in two world wars in the service of freedom and democracy. We...

As we mourn the tragic loss of life in Israel and Gaza, the Prime Minister reminded us last week of the need to fight extremism and heal divisions, so I start today by remembering the Muslims who died in two world wars in the service of freedom and democracy. We...

Thank you, Madam Deputy Speaker.

If we want that growth to lead to higher wages and higher living standards for every family in every corner of the country, it cannot come from unlimited migration; it can only come by building a high-wage, high-skill economy—not just higher GDP, but higher GDP per...

Thank you, Madam Deputy Speaker.

If we want that growth to lead to higher wages and higher living standards for every family in every corner of the country, it cannot come from unlimited migration; it can only come by building a high-wage, high-skill economy—not just higher GDP, but higher GDP per...

When the Prime Minister and I came into office, inflation was 11%, but the latest figures show it is now 4%—more than meeting our pledge last year to halve it. Today’s forecasts from the OBR show it falling below the 2% target in just a few months’ time, nearly a...

When the Prime Minister and I came into office, inflation was 11%, but the latest figures show it is now 4%—more than meeting our pledge last year to halve it. Today’s forecasts from the OBR show it falling below the 2% target in just a few months’ time, nearly a...

Thank you, Madam Deputy Speaker.

Good public services need a strong economy to pay for them, but a strong economy also needs good public services. In 2010, schools in the UK were behind Germany, France and Sweden in the OECD’s PISA—programme

for international student assessment—education rankings for reading and maths. Now, after...

Thank you, Madam Deputy Speaker.

Good public services need a strong economy to pay for them, but a strong economy also needs good public services. In 2010, schools in the UK were behind Germany, France and Sweden in the OECD’s PISA—programme

for international student assessment—education rankings for reading and maths. Now, after...

When patients do not show up or one member of a team is ill, operating theatres are left empty despite long waiting lists. When we published the NHS long-term workforce plan, I asked the NHS to put together a plan to transform its efficiency and productivity. I wanted better care...

When patients do not show up or one member of a team is ill, operating theatres are left empty despite long waiting lists. When we published the NHS long-term workforce plan, I asked the NHS to put together a plan to transform its efficiency and productivity. I wanted better care...

I am sorry to disappoint the right hon. Member, but multiple dwellings relief was not actually designed for her; it was intended—[Interruption.]. It was intended to support investment in the private rented sector, but an external evaluation found no strong evidence that it had done so, and that it was...

I am sorry to disappoint the right hon. Member, but multiple dwellings relief was not actually designed for her; it was intended—[Interruption.]. It was intended to support investment in the private rented sector, but an external evaluation found no strong evidence that it had done so, and that it was...

I now turn to oil and gas. Unlike the Labour party, we want to encourage investment in the North sea, so we will retain generous investment allowances for the sector. Following representations from my hon. Friend the Member for Banff and Buchan (David Duguid), we will also legislate in the...

I now turn to oil and gas. Unlike the Labour party, we want to encourage investment in the North sea, so we will retain generous investment allowances for the sector. Following representations from my hon. Friend the Member for Banff and Buchan (David Duguid), we will also legislate in the...

On a point of order, Madam Deputy Speaker.

On a point of order, Madam Deputy Speaker.

In line with the Tax Policy Making framework, the government is publishing draft legislation ahead of potential inclusion in the next Finance Bill. This allows for technical consultation and provides taxpayers with predictability over future tax policy changes. Alongside this, the government is making announcements in a small number of...

In line with the Tax Policy Making framework, the government is publishing draft legislation ahead of potential inclusion in the next Finance Bill. This allows for technical consultation and provides taxpayers with predictability over future tax policy changes. Alongside this, the government is making announcements in a small number of...

My honourable friend the Financial Secretary to the Treasury (Victoria Atkins) has today made the following Written Ministerial Statement.

In line with the Tax Policy Making framework, the government is publishing draft legislation ahead of potential inclusion in the next Finance Bill. This allows for technical consultation and provides taxpayers with...

My honourable friend the Financial Secretary to the Treasury (Victoria Atkins) has today made the following Written Ministerial Statement.

In line with the Tax Policy Making framework, the government is publishing draft legislation ahead of potential inclusion in the next Finance Bill. This allows for technical consultation and provides taxpayers with...

My Lords, I thank all noble Lords for their contributions to this short but interesting debate. The noble Lord, Lord Blunkett, touched on the wider debate about the nature of national insurance contributions, particularly the fact that people over state pension age do not continue to pay national insurance contributions...

My Lords, I thank all noble Lords for their contributions to this short but interesting debate. The noble Lord, Lord Blunkett, touched on the wider debate about the nature of national insurance contributions, particularly the fact that people over state pension age do not continue to pay national insurance contributions...

My Lords, I am grateful to the Minister for introducing these uprating measures and to the small band of other noble Lords who have taken part in this debate. The Minister will be familiar with my standard line about the Opposition not voting down statutory instruments in this House. With...

My Lords, I am grateful to the Minister for introducing these uprating measures and to the small band of other noble Lords who have taken part in this debate. The Minister will be familiar with my standard line about the Opposition not voting down statutory instruments in this House. With...

Lords motion to consider. Agreed to on question.

Lords motion to consider. Agreed to on question.

My Lords, these regulations set the national insurance contributions limits and thresholds, as well as the rates of a number of national insurance contributions, for the 2021-22 tax year and make provision for a Treasury grant to be paid into the National Insurance Fund if required. National insurance contributions, or...

My Lords, these regulations set the national insurance contributions limits and thresholds, as well as the rates of a number of national insurance contributions, for the 2021-22 tax year and make provision for a Treasury grant to be paid into the National Insurance Fund if required. National insurance contributions, or...

I am grateful to the noble Baroness, who so often in the time she has been on the Front Bench has impressed with her clarity and detail. In fact, I did not really need to have read the Explanatory Notes because she has covered the situation extremely well. However, I...

I am grateful to the noble Baroness, who so often in the time she has been on the Front Bench has impressed with her clarity and detail. In fact, I did not really need to have read the Explanatory Notes because she has covered the situation extremely well. However, I...

My Lords, I will address the NIC contribution matters in these regulations. I would have addressed the working tax credit point just made by the noble Lord, Lord Blunkett, but rather than repeating the point I will simply say “and I” and add amplification to it.

The standard uprating by CPI...

My Lords, I will address the NIC contribution matters in these regulations. I would have addressed the working tax credit point just made by the noble Lord, Lord Blunkett, but rather than repeating the point I will simply say “and I” and add amplification to it.

The standard uprating by CPI...

My Lords, as other noble Lords have said, there is little to comment on concerning the routine uprating of amounts following the CPI indexation, but that does not mean that there is nothing to say more generally about national insurance or tax credits. I identify with the comments made by...

My Lords, as other noble Lords have said, there is little to comment on concerning the routine uprating of amounts following the CPI indexation, but that does not mean that there is nothing to say more generally about national insurance or tax credits. I identify with the comments made by...