Autumn Statement Debate

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Department: HM Treasury

Autumn Statement

Alison McGovern Excerpts
Wednesday 23rd November 2016

(7 years, 5 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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I am aware because I was once upon a time the Transport Secretary. I am convinced that smart ticketing is the future for us. Smart ticketing allows us not only to deal with those commuters who do not travel every day, but to explore options where people might wish to travel in the peak period on some days but are able to travel off-peak on other days. If we could shift just 10% or 15% of commuters from the peak to the off-peak, we would change dramatically the pressure on rail infrastructure around London and other major cities, so that is definitely the future.

Alison McGovern Portrait Alison McGovern (Wirral South) (Lab)
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May I return the Chancellor to the OBR’s statement that the Government’s reply on their Brexit position left the OBR “little the wiser”? The OBR has assumed that the Government will fail to meet their target of reducing immigration to tens of thousands. Given the Prime Minister’s recent statements on immigration being her priority, has the Chancellor gone back to the OBR and asked it to adjust that forecast?

Lord Hammond of Runnymede Portrait Mr Hammond
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No. The Prime Minister has been very clear that it remains her target to reduce immigration to the tens of thousands, but she has also been clear that it will take time to achieve. The OBR forecast stretches over a period of five years, and the Prime Minister is absolutely clear that this is a target that will be achieved over a longer timeframe in order to manage the impact on the economy.