Autumn Statement Debate

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Department: HM Treasury

Autumn Statement

James Cartlidge 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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On the hon. Gentleman’s first point, I recognise that the fact that we have to respond to the OBR report in the spring can easily be caricatured as swapping an autumn statement and a spring Budget for a spring statement and an autumn Budget. All I can say is that I promise it will not be like that. The intention is clearly to move to a single event each year when, in normal times, we will make tax changes, but it is prudent, especially in these times, to reserve the right in extremis to announce tax measures at the secondary event, if absolutely necessary. The hon. Gentleman poses a perfectly sensible question. My interpretation of the figures in the table is not the same as his, but I would be very happy to engage in a discussion with him offline.

James Cartlidge Portrait James Cartlidge (South Suffolk) (Con)
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Although my right hon. Friend has made it clear that he is not a conduit for the Transport Secretary, may I nevertheless welcome the £80 million for smart ticketing included in his statement? He is interested in productivity and our flexible labour market. Is he aware that we have many constituents who commute three or four days a week at most and are forced to pay for a full-time travelcard? In his programme of smart ticketing, will he look at that?

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.