Oral Answers to Questions
Debate between Lord Hammond of Runnymede and Chris Elmore(5 years, 7 months ago)
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Mr Hammond
It is true that pubs are assessed in a different way from other retail premises for business rates purposes. We looked into that recently and concluded that the current system was in fact the best system for pubs, but I shall be happy to look into it again.
We all recognise—every single one of us, whichever part of the country we represent—that high streets are under pressure, primarily because the behaviour of consumers is changing. I think that our challenge is to support the high street as it undergoes that process of change. We cannot simply turn our backs on a change that is driven by consumer behaviour, but we must support businesses as they make it.
Chris Elmore (Ogmore) (Lab)
I am sure the Chancellor will agree that there is a need to encourage entrepreneurs and small business start-ups, including the setting up of new pubs. Will he agree to follow the lead of the Welsh Labour Government, who have set up a micro small business fund that provides up to £500,000 a year to enable small businesses to protect and create jobs? A UK-wide scheme could protect a great many small industries, including the pub industry.
Mr Hammond
The hon. Gentleman will know that we have the start-up loan scheme, which provides support for entrepreneurs starting small businesses, and the Government will continue to encourage small businesses to be established and then to grow.
Oral Answers to Questions
Debate between Lord Hammond of Runnymede and Chris Elmore(6 years ago)
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Mr Hammond
My hon. Friend is right again. We will only build an economy that works for everyone and every region if we succeed in narrowing the regional productivity gap. For that reason, the Government are fully committed to the northern powerhouse. We have announced a funding boost of £436 million to improve transport connections within the northern city regions through the transforming cities fund, with a further £840 million to be competitively allocated to the largest cities in England. This builds on the record amounts of more than £13 billion over this Parliament that we are already investing in northern transport, which is more than any previous Government.
Chris Elmore (Ogmore) (Lab)
One of the ways in which the Chancellor could improve productivity across south Wales and beyond is to invest in the tidal lagoon project, which will bring skills and investment to the area, in line with what he said in answer to the hon. Member for Morley and Outwood (Andrea Jenkyns). So may I encourage him please to bring this investment forward and start delivering for the people of south Wales?
Mr Hammond
As the hon. Gentleman knows, the tidal lagoon project is under careful consideration by the Government, and a decision will be made and announced in due course.
Oral Answers to Questions
Debate between Lord Hammond of Runnymede and Chris Elmore(7 years, 4 months ago)
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Mr Hammond
What I will do over the medium to long term is get the British economy back on to a firm footing, so that we can fund all those investment needs—which we do have, as the hon. Gentleman points out. Let me turn the question around. Scotland will receive £800 million of additional capital funding through Barnett consequentials as a result of the announcement made last week. From the tone of the hon. Gentleman’s question, I feel sure that the Scottish National party will want to confirm that that money will be used in Scotland, as it will in England, to target productivity-raising capital investment, so that the Scottish economy can perform more strongly in the future.
Chris Elmore (Ogmore) (Lab/Co-op)