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Richard Drax

Member of Parliament for South Dorset

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Diary - Chancellor gives away £21 billion

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Thursday, 26 May, 2022

A mixed bag today, from a £21 billion spending splurge, to handing out awards at Weymouth College. I was in the Commons early to check over my speech for the Humble Address, which gave MPs an opportunity to say 'thank you' to the Queen for a wonderful, 70-year reign that has enriched us all. Before that, however, the Chancellor appeared to make a Statement on his plans to ease the cost-of-living crisis. There had been rumours of a windfall tax on gas and oil companies and Labour smelt blood in the water as Mr Sunak rose to speak. Sure enough, he had capitulated and announced the very tax we had voted against only days before. While I do accept that help is needed, and I am more than aware of that, there are other levers government can pull rather than go after business which, in this case, has made good profits through a spike in fuel prices due to world events. I have already campaigned with other colleagues to get the government to ditch the rise in NICs, remove VAT on domestic fuel and cut the petrol and diesel duty much further. I would also urge him to reduce income tax now, rather than wait to 2024, and to raise the threshold on the highest rate to prevent those falling into from doing so. The key to our success, or should I say survival, is productivity, and raiding business accounts is not the way to do it. Targeting those on UC was appropriate as they do need a hand-up and, with inflation running at nine per cent, they clearly have less money in their pocket. The problem with hand-outs is that it's never enough and already there are calls for more windfall taxes on those who dare make a profit. Let's be clear, while companies make profits, they also make losses, and the last two years have devastated the finances of many. As I said in the Commons, raising taxes like this is not the Conservative way and runs the risk of discouraging the very organisations that create jobs and prosperity. My question and the reply to it are on my website. We have always accused Labour of splurging 'other people's money' until it runs out. I fear we are in danger of doing likewise. The Statement was followed immediately by the Humble Address, to mark the Platinum Jubilee. There were some excellent speeches on all sides of the House, with the PM, Leader of the Opposition and Mrs May setting a high bar. My short contribution is also on the website. Then it was on to the motorbike and a three hour haul to Weymouth College, where I'd been asked to hand out awards to students. I arrived just before 2000, to be greeted by Jenny Greensit, who is a star, with an attention to detail that is awesome. The presentations began just after 2030 and I was on stage with Chairman Steve Webb, a most charming and competent man, who I have been working with. We had nearly 30 awards to hand out and every one was a special and deserving case. Their stories were touching, their determination inspirational. I thoroughly enjoyed the evening, which ended with a photograph of all the recipients on the College steps. Meanwhile, and tragically, the Russians press ever harder in Lyman, which is surrounded on three sides. Putin has a lot to answer for and I just pray that one day he does. The Crown Prosecution Service authorised four sexual assault charges against US actor Kevin Spacey and Goodfellas actor Ray Liotta died in his sleep in the Dominican Republic at the age of 67. 

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First up was our monthly virtual meeting with Dorset Council. These meetings have proved invaluable over the past two years and enable MPs, councillors and their officials to keep in touch. The session lasted for an hour, covering a range of topics.

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Richard Drax Member of Parliament for South Dorset

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