Speech in Commons Chamber - Thu 24 Oct 2019
The Economy
"I remind the House of the interests recorded in my entry in the Register of Members’ Financial Interests.
In supporting the excellent Queen’s Speech, I wish to touch briefly on just three areas: expenditure, the new borrowing framework, and what more we can do to make our capitalism inclusive.
On …..."Michael Fallon - View Speech
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Speech in Commons Chamber - Thu 24 Oct 2019
The Economy
"I certainly understand that, and my hon. Friend takes me to the point with which I wish to conclude, which is what more we can do to encourage share ownership. Some of the employee share schemes we have—I have written to the Chancellor on this—are still very complicated. The qualifying …..."Michael Fallon - View Speech
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Speech in Commons Chamber - Thu 24 Oct 2019
The Economy
"I am sorry but I will not; I am just finishing.
One of my heroes of the year—there may be many other candidates—is an entrepreneur called Julian Richer, who is now coming up to retirement and is handing over 40% of his company, Richer Sounds, to the employees, ensuring that …..."Michael Fallon - View Speech
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Speech in Commons Chamber - Wed 04 Sep 2019
Spending Round 2019
"I welcome the increase in defence spending, which is well justified by the increase in the threats that the country faces. However, can my right hon. Friend reassure the House that any revision of the fiscal rules will never make the Government vulnerable to the charges of fudged targets, reference …..."Michael Fallon - View Speech
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Speech in Commons Chamber - Thu 11 Apr 2019
Loan Charge
"rose—..."Michael Fallon - View Speech
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Speech in Commons Chamber - Thu 11 Apr 2019
Loan Charge
"My hon. Friend has been so generous in giving way that I hesitate to intervene once again. When he says that something feels wrong, he is on to something, because what feels wrong to some of us is that the equivalent effort does not seem to be put into pursuing …..."Michael Fallon - View Speech
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Speech in Commons Chamber - Wed 13 Mar 2019
Spring Statement
"Can the Chancellor reassure me that the very welcome consultation on future infrastructure financing will not become any reason to delay a start on some of the essential major projects such as the lower Thames crossing, which will not only relieve pressure on the Dartford crossing but will be a …..."Michael Fallon - View Speech
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Speech in Commons Chamber - Wed 20 Feb 2019
Leaving the EU: Economic Impact of Proposed Deal
"Will the Financial Secretary undertake to publish to the House, in good time for the meaningful vote, the decisions that he and his colleagues are currently taking on the tariffs that would apply in the event of no deal, including which industries would be protected, at what rate, and what …..."Michael Fallon - View Speech
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Written Question
Wednesday 21st November 2018
Asked by:
Michael Fallon (Conservative - Sevenoaks)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect on SMEs in Kent of making customs declarations for the first time in the event that the UK leaves the EU without a deal.
Answered by Mel Stride
- Shadow Chancellor of the Exchequer
The Government remains confident of agreeing a mutually advantageous deal with the EU. However, we understand that if in the unlikely event that the UK leaves without a deal, customs declarations will become a new obligation for UK-EU trade which could affect many small and medium sized businesses.
HMRC continues to engage with businesses and their representative trade bodies and undertakes further specific engagement to understand how they will be affected by these new obligations. HMRC has written to 145,000 traders over the VAT threshold who currently only trade with the EU to help them plan for a no deal scenario. Alongside this, HMT and HMRC are supporting the intermediaries sector to expand ahead of March 19, so that they can provide services to SMEs.
Written Question
Monday 23rd April 2018
Asked by:
Michael Fallon (Conservative - Sevenoaks)
Question
to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the proportion of the UK commemorative coin market held by the Royal Mint.
Answered by Robert Jenrick
Her Majesty’s Treasury have not estimated the size or value of The Royal Mint’s share of the UK commemorative coin market.