Results 121–140 of 11927 for speaker:Philip Hammond

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: The right hon. Gentleman says, “Dear me”. I repeat: he does not—[Interruption.]

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: Thank you, Mr Speaker. The right hon. Gentleman does not believe in fiscal neutrality—that is a fact. He believes in borrowing £500 billion of additional money, and saddling our children and our grandchildren with that debt. However, I very much take my right hon. Friend’s advice on maintaining fiscal neutrality and dealing with the structural issue that underlies this statement.

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: The right hon. Gentleman is right. As I have said, there is, as the economy changes shape, an increasing tendency for employers, effectively, to drive people out of employment and into what is thinly disguised employment, badged as self-employment. That is one of the issues that Matthew Taylor is looking at in his review. I have had the opportunity to have a preliminary meeting with him. We...

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: My hon. Friend is absolutely right: it is about the environment being conducive to people starting and running small businesses. I congratulate those in Rossendale who do that—who get up every morning and who are prepared to take those risks. They will now benefit from the abolition of class 2 national insurance contributions, making them that little bit better off.

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: Clearly, that is the story the hon. Lady would like to believe, but, unfortunately, it is not true. As Members would expect, I have been discussing the Budget and these issues with the Prime Minister since last Wednesday, just as I have discussed them with many colleagues over the weekend, and we have had several meetings over the last few days. The final decision to make this announcement...

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: I am grateful to my hon. Friend. I have to say that I generally find it much more fruitful listening to the advice and thoughts of my hon. Friends than listening to the comments from the Opposition.

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: I have made a statement today about the Government’s intentions: no national insurance contribution rate increases for the remainder of this Parliament. I am not making a statement about the Conservative party’s manifesto for the next general election; the right hon. Gentleman will have to contain himself for a while on that particular issue. On the question of who first raised...

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: My hon. Friend is right. I did not mention this because it is not something that I particularly want to make a big issue of, but it is true that when the National Insurance Contributions (Rate Ceilings) Bill was debated in this House, Ministers made it clear that they were legislating to lock class 1 only. No amendments were tabled and no issue was raised. Indeed, the hon. Member for...

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: I am grateful to the hon. Lady for her comments. It is important to separate the two issues involved: the substantive underlying issue about the way in which national insurance contributions and entitlement to contributory benefit work, and the equally important but separate issue of the way in which manifesto commitments work. The review that we will conduct will look specifically at the...

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: I am grateful to my hon. Friend, but what I see on the Opposition Benches these days is very often not so much desiccated socialists as dedicated opportunists.

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: What we need to fund our NHS is a strong economy and a Government who have the political will to make the commitment that we have made to a £10 billion post-inflation increase in NHS spending. It is very nice to have a contribution from the Liberal Democrat Benches. I do not know whether that is a precursor of the Liberal Democrat manifesto for the next general election—we shall...

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: Angela Knight is the chairman of the Office of Tax Simplification, and we will of course seek its advice in this matter. I am grateful to my right hon. Friend.

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: I did say that, but let me be clear: I think that Laura Kuenssberg was the first person after I spoke to raise the issue outside. The Government have always been clear, as I said on Wednesday evening and on Thursday, many times, and the Prime Minister said on Thursday evening, that we have always regarded the legislated tax locks as being the commitment we were working to. Our whole approach...

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: As I said in the Budget speech and previously in the autumn statement, we are seeking to do three things: to keep Britain on track for balancing the budget as early as possible in the next Parliament through fiscal discipline; to invest in Britain’s future to raise our productivity and ensure a decent standard of living for everybody across this country, on which we made further steps...

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: I have set out our long-term plan. The hon. Gentleman knows the fiscal figures, because they were published last week. As I have said, I do not resile at all from the commitment that I have made that we will, overall, be broadly fiscally neutral. I will introduce additional measures—[Interruption.] Well, it would not be appropriate for me to do so today, but I will bring forward...

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: Yes. I can say to the self-employed of St Austell and, indeed, more widely across the UK that this Government will always support enterprise and those who start and grow businesses. As I said in the Budget speech, we believe that people should have choices about the way they work. There are very many good reasons for choosing self-employment, and there are many good reasons for choosing to...

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: As the hon. Gentleman will know, this Government have introduced a raft of measures over the years to target the avoidance of tax by large corporations, and we have raised a very substantial amount of additional tax—well over £100 billion—through those measures. The VAT flat rate scheme, which he mentioned, was introduced to assist the smallest businesses, but it had been...

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: Yes. As we have now cast more widely our review of the differences in how employees and the self-employed are treated, it is right that we should look at that particular aspect as well, and we will do so.

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: Neither. We understand the commitment that we made to have been discharged by the passage through the House of the National Insurance Contributions (Rate Ceilings) Act 2015, which set out very clearly the scope that the then Chancellor decided to apply to the national insurance contributions lock. That is how the Treasury has worked since 2015, with the locks and ring-fences that were put in...

Class 4 National Insurance Contributions (15 Mar 2017)

Philip Hammond: Yes. It will not be over the next two years, but in one go, with a tax cut of about £130 a year in April 2018. That is because class 2 is a regressive tax—it is a flat-rate reduction for everybody who is self-employed, regardless of the level of their income.


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