All 2 Debates between Lord Hammond of Runnymede and Anna Turley

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Anna Turley
Tuesday 21st May 2019

(4 years, 10 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Hammond of Runnymede Portrait Mr Philip Hammond
- Hansard - -

We know that the cumulative burden of the commitments made by the Opposition Front Bench would reach almost £1 trillion over a Parliament, and I have heard—[Interruption.] If the shadow Chancellor has a number, no doubt we will hear about it in a moment; I have heard him say that it does not matter because these companies are profitable, so the profits will pay the additional interest costs. But let me tell my hon. Friend the Member for Sleaford and North Hykeham (Dr Johnson) something: I remember the last time we had widespread nationalisation in this country and—do you know what?—none of the companies the Government owned was profitable. Funny that, isn’t it?

Anna Turley Portrait Anna Turley (Redcar) (Lab/Co-op)
- Hansard - - - Excerpts

T7. I have listened in astonishment to the answers from the Financial Secretary and the Chancellor about the loan charges. Given that the Financial Secretary admitted that the Government were pursuing six companies on a legal basis over this—they are admitting they are the companies responsible—why do they pursue constituents like mine, many of whom were obliged to undertake these tax changes in order to get work?

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Anna Turley
Tuesday 29th January 2019

(5 years, 1 month ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Anna Turley Portrait Anna Turley (Redcar) (Lab/Co-op)
- Hansard - - - Excerpts

Sirius Minerals already employs more than 800 people in North Yorkshire and Teesside in the world’s largest polyhalite mine, but to bring 50 years of growth and job opportunities to our region, it needs a Treasury guarantee on its funding. Will the Chancellor make that guarantee available today and unleash a whole new era of jobs and opportunities in my area?

Lord Hammond of Runnymede Portrait Mr Philip Hammond
- Hansard - -

I am familiar with the project in question and a discussion is going on between the company and the Treasury. Those discussions are of course commercially sensitive and confidential, so I cannot discuss them, but the conversation is ongoing.