Autumn Statement Debate

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Department: HM Treasury

Autumn Statement

Baroness Ritchie of Downpatrick 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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Absolutely. My hon. Friend knows very well that our stated ambition and the driver in everything we do is to build an economy that works for everyone, but we are realists, unlike the fantasists on the Opposition Front Bench. We know that we can build an economy that works for everyone only if it is a strong economy with strong investment and good, strong British companies exporting their products around the world.

Baroness Ritchie of Downpatrick Portrait Ms Margaret Ritchie (South Down) (SDLP)
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Although I regret that there is no help for those WASPI women who need transitional protection, I welcome the investment in broadband infrastructure. Can the Chancellor assure the House that that will be fairly spread across rural communities and throughout all devolved and non-devolved jurisdictions to prevent further broadband inequalities opening up across Northern Ireland and Britain?

Lord Hammond of Runnymede Portrait Mr Hammond
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The money that we are investing will be used partly to fund pilots, particularly to cement our lead in 5G, and partly to catalyse private sector investment. Our telecoms infrastructure is primarily funded by private investment, but I can assure the hon. Lady that this funding will be spread across the United Kingdom. We want to spread the benefits of 5G and superfast broadband as widely as we possibly can.