Speeches by Davies.

“Oh, so it was more of a heckle than an intervention, but that is very welcome too; it makes it a bit more lively for the very large audience we have today. I would be grateful if the Minister could set out the policy of this Labour Government. Do they support holiday lets? The Environment Secretary clearly supports the…”

“I am sorry, but there was a very loud cough when the hon. Lady intervened. Would she repeat her intervention?”

“Does the Labour Member who is about to intervene on me support holiday lets?”

“It is clear that the Government have launched an attack on farmers across rural communities in our country. The family farm tax is a disgrace. Farmers have protested and tried to make their voices heard, but still cannot get a meeting with the Chancellor of the Exchequer. I urge the Minister, who is very open to meetin…”

“Thank you, Mr Mundell. I am grateful for the hon. Member’s intervention; we all want to see people able to get on the housing ladder, particularly younger people. There is much work to be done on that. However, I would say two things. First, I question how much of an impact the measures will have on that, but I am happ…”

“As the Minister set out, clause 25 and schedule 5 repeal special tax rules relating to the commercial letting of furnished holiday accommodation. The changes were first announced in our Government’s Budget in March 2024, and we will not oppose them. However, it is important to view the measures in the context of the wi…”

“As the Minister set out, clauses 23 and 24 extend the availability of the 100% first-year allowance for business expenditure on zero emission cars and for expenditure on plant or machinery for an electric vehicle charging point. Both allowances are extended for a single year from April 2025. In their current forms, bot…”

“I will intervene anyway. As I said, any certainty that can be provided to businesses regarding the tax system is a good thing. The point I am trying to make—I will try again—is that corporation tax is just one tax paid by businesses. They also pay national insurance contributions. They also use reliefs such as the busi…”

“Let us be clear: it is good when a Government set out a tax rate over a multi-year period; we accept that that is a good thing. However, does the Minister accept—to the point raised by my hon. Friend the Member for Gordon and Buchan—that although a road map has been set out on corporation tax, the Labour party has crea…”

“As the Minister set out, clauses 13 and 14 set the charge and rates of corporation tax for financial year 2026. The main rate remains unchanged at 25%, with the standard small profits rate at 19%, and the standard marginal relief fraction remains three 200ths. In Committee on the last Finance Bill, the Exchequer Secret…”

“As the Minister set out, clauses 5 and 6 set the appropriate percentage used for calculating the taxable benefit for a company car for tax years 2028-29 and 2029-30. In those tax years, the appropriate percentage for EVs will increase by 2% to 7% in 2028-29 and 9% in 2029-30. For most other vehicles, the appropriate pe…”

“It is a great pleasure to see you in the Chair, Mr Mundell. This is one of many Finance Bill Committees that I have participated in. The subjects have changed somewhat each time, but something has remained consistent: the presence of the hon. Member for Ealing North. It is a pleasure to see him in his place, and I hope…”

“The NAO’s role is on the code and that would move to the new organisation under the proposals that the Government set out. My view, and I have worked in both the local and the national audit framework, is that the lack of a public sector capacity has been part of the problem and addressing that would help de-risk some …”

“This is the ’22-23 Whole of Government Accounts and, therefore, it is the same year for the Department of Health. Since then, we have finished the audit for ’23-24 for the Department, and this Committee will hold a session on that shortly. The disclaimed opinion on the UK Health Security Agency has been removed, and it…”

“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 ideol…”

“It is always a pleasure to see you presiding over us, Mr Vickers. The Minister has covered the instruments pretty well, so I will make a few remarks, and then I have a couple of pretty straightforward questions. Let me first speak to the statutory instrument on ringfencing. As the Minister set out, the regime came into…”

“I welcome the intervention. Our position in government and in opposition has been that we should do whatever it takes to hold Russia to account and to ensure that Russia pays, and we support Ukraine. I have set out a number of ways, financial and other, in which we did that in government. Whether in government or in op…”

“I welcome the intervention by my right hon. Friend, who is extremely diligent in his assessment of such matters. I will allow the Minister, who is actually in the Government, to provide their legal assessment of what may or may not be possible. I have set out our concerns, which we are happy to continue to debate and d…”

“I will take one more intervention.”

“I congratulate the hon. Member for Tunbridge Wells (Mike Martin) on securing this debate and giving an incredibly moving speech, in which he told the story of Sasha—and, of course, 19,000 other children. What is happening in Ukraine is absolutely heartbreaking, and he is right to raise those concerns in the House today…”