Debates between Lord Hammond of Runnymede and John Bercow

There have been 21 exchanges between Lord Hammond of Runnymede and John Bercow

1 Wed 4th September 2019 European Union (Withdrawal) (No. 6) Bill
Department for Exiting the European Union
2 interactions (158 words)
2 Tue 2nd July 2019 Oral Answers to Questions
HM Treasury
5 interactions (274 words)
3 Tue 21st May 2019 Oral Answers to Questions
HM Treasury
5 interactions (150 words)
4 Tue 9th April 2019 Oral Answers to Questions
HM Treasury
5 interactions (175 words)
5 Wed 13th March 2019 Spring Statement 26 interactions (1,682 words)
6 Tue 5th March 2019 Oral Answers to Questions
HM Treasury
5 interactions (186 words)
7 Tue 29th January 2019 Oral Answers to Questions
HM Treasury
11 interactions (296 words)
8 Tue 11th December 2018 Oral Answers to Questions
HM Treasury
11 interactions (397 words)
9 Thu 6th December 2018 European Union (Withdrawal) Act
Department for International Trade
5 interactions (778 words)
10 Tue 6th November 2018 Oral Answers to Questions
HM Treasury
11 interactions (290 words)
11 Tue 11th September 2018 Points of Order 3 interactions (90 words)
12 Tue 11th September 2018 Oral Answers to Questions
HM Treasury
8 interactions (222 words)
13 Tue 3rd July 2018 Oral Answers to Questions
HM Treasury
18 interactions (532 words)
14 Tue 22nd May 2018 Oral Answers to Questions
HM Treasury
12 interactions (396 words)
15 Tue 17th April 2018 Oral Answers to Questions
HM Treasury
14 interactions (534 words)
16 Tue 13th March 2018 Spring Statement 2 interactions (389 words)
17 Tue 27th February 2018 Oral Answers to Questions
HM Treasury
5 interactions (211 words)
18 Tue 16th January 2018 Oral Answers to Questions
HM Treasury
2 interactions (101 words)
19 Tue 28th November 2017 Oral Answers to Questions
HM Treasury
2 interactions (27 words)
20 Tue 24th October 2017 Oral Answers to Questions
HM Treasury
8 interactions (181 words)
21 Tue 18th July 2017 Oral Answers to Questions
HM Treasury
2 interactions (96 words)

European Union (Withdrawal) (No. 6) Bill

(2nd reading: House of Commons)
Debate between Lord Hammond of Runnymede and John Bercow
Wednesday 4th September 2019

(1 year, 4 months ago)

Commons Chamber

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Department for Exiting the European Union
Mr Speaker
- Parliament Live - Hansard - - - Excerpts

Thank you. I think the House greatly enjoyed listening to the hon. Lady, and we wish her well. I call Mr Philip Hammond.

Lord Hammond of Runnymede Portrait Mr Philip Hammond (Runnymede and Weybridge) (Ind)
- Parliament Live - Hansard - -

Thank you, Mr Speaker. I want us to leave the European Union with a deal and I voted three times to leave the European Union with a deal. I regret the fact that it has become necessary for this Bill to be brought forward now, and it is necessary now for two reasons: first, because Parliament stands prorogued, so we will not have time potentially to bring Parliament back after my right hon. Friend the Prime Minister has had the 30 days that he asked for, to see whether he has been successful in getting a deal; and, secondly, because members of the Government have speculated openly that the Government may not comply with legislation even if it is passed and we therefore need to allow time for not merely legislation but litigation as well.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 2nd July 2019

(1 year, 6 months ago)

Commons Chamber

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HM Treasury
Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

I fear that the right hon. Gentleman is manifestly asking the wrong person that question. I literally cannot answer it. The purpose of a spending review is that such matters can be looked at in the round, and the responsible way to do a spending review is first to set the envelope of what is affordable, and then to look at the different bids, which will—I can confidently predict—greatly exceed the available spending power, and prioritise. That is the difficult business of government, and that is why I am not in favour of ad hoc spending commitments or tax cut commitments being made.

Mr Speaker
- Hansard - - - Excerpts

2 Jul 2019, 12:14 p.m.

The Chancellor is a clever chap, but his capacities do not include the capacity to penetrate the minds of colleagues, especially those in competitive vote-seeking mode.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

My hon. Friend knows that I do share his concerns on this matter. The Public Works Loan Board is there to support local authorities’ capital spending. Some of the development activities of local authorities are perfectly legitimate: for example, the regeneration of urban areas. What is not legitimate is local authorities arbitraging the low interest rates of the PWLB to buy commercial property for yield, in order to develop income-yielding property portfolios. The Treasury is looking at how we can manage that situation.

Mr Speaker
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2 Jul 2019, 12:39 p.m.

Order. We have now had 20 topical questions. Whether this is the Chancellor’s last appearance at the Dispatch Box as Chancellor remains to be seen, but whether it is or not, he will always be able to tell his children that demand for him exceeded supply of him. He can say to them proudly, “I always left them wanting more of me.”

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 21st May 2019

(1 year, 8 months ago)

Commons Chamber

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HM Treasury
Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

I am a little mystified by this story about Boots, which I too read in the newspapers. When I announced the policy, I said that it was designed to help small independent retailers, and Boots, with 22,000 providers, does not fall within my definition of a small independent retailer. We always understood that this policy initiative was designed to support small independent retailers as they transition to the high street of the future.

Mr Speaker
- Hansard - - - Excerpts

21 May 2019, 12:03 p.m.

I call Anneliese Dodds. [Interruption.] No? I had the distinct impression that the hon. Lady wished to come in on this question, but it is not obligatory.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

The answer is lots. Had I known my hon. Friend was going to ask me that, I would have been able to give him a precise answer. I will write to him.

Mr Speaker
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21 May 2019, 12:20 p.m.

Put a copy of the answer in the Library of the House—we will all find it most informative.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 9th April 2019

(1 year, 9 months ago)

Commons Chamber

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HM Treasury
Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

As I have already mentioned, hauliers have benefited very significantly from the freeze in fuel duty, but the hon. Gentleman asks a wider question. If we were to find ourselves leaving the European Union without a deal—a situation that I sincerely hope will not arise—we have a full range of tools available to us, including all the usual tools of fiscal policy. I have headroom within the fiscal rules of just under £27 billion, as I set out at the spring statement, and the Government will work closely with the Bank of England in those circumstances to ensure that fiscal and monetary policy are used to support the UK economy.

Mr Speaker
- Hansard - - - Excerpts

9 Apr 2019, 11:38 a.m.

As vice-chair of the all-party parliamentary group on fair fuel for UK motorists and UK hauliers, the voice of Kirstene Hair must be heard.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

We have a marketplace in fuel in this country, but I understand my hon. Friend’s point. I am sure the Exchequer Secretary would be very happy to meet her to discuss it.

Mr Speaker
- Hansard - - - Excerpts

9 Apr 2019, 11:38 a.m.

When she is not busy vice-chairing the all-party group.

Spring Statement

Debate between Lord Hammond of Runnymede and John Bercow
Wednesday 13th March 2019

(1 year, 10 months ago)

Commons Chamber

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Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

13 Mar 2019, 1:33 p.m.

We have just heard the same old recycled lines. I must be going a little bit deaf, because I did not hear any mention of record employment. Perhaps the shadow Chancellor is so ashamed of Labour’s record: no Labour Government have ever left office with unemployment below that which they inherited. I did not hear anything about rising wages; they are rising the fastest in a decade. He did not mention the extra £1.3 billion for local government, or the extra £1 billion of police funding, both of which he voted against. He did not mention the fact that we have had nine years of unbroken growth. He did not mention the fact that this economy is out-performing that of Germany this year. He witters on about manufacturing without any recognition of the global economic context in which this sits—perhaps he does not inhabit the global economy. If he did, he would know very well that the downturn in manufacturing is happening across Europe and is affecting everyone. He did not mention the remarkable turnaround in our public finances and the real choices that we have as a consequence. He just relentlessly talked Britain and its economy down.

Once again, we hear this absurd proposition that the decisions that we took in 2010 were some kind of political choice—as if we could have gone on borrowing £1 for every £1 spent indefinitely, racking up interest bills and burdening future generations with debt. No responsible politician could credibly believe that these were choices in 2010.

The shadow Chancellor talks about homelessness. We have committed £1.2 billion to tackling homelessness and rough sleeping—I did not hear any mention of that. He talks about the downgrade of the 2019 economic forecast without mentioning the global context. He confuses the debt and the deficit. The reason that the debt has risen—[Interruption.] He is not listening, but it is very, very simple. It is not even economics; it is just maths. It is very, very simple. If you have a £150 billion deficit in your last year in office, your successor will find that debt is rising, and that is what we found. I have announced, since 2016, £150 billion of additional public spending as well as getting the forecast deficit down to 0.5% of GDP. That means that we have real and genuine sustainable choices in this country for the first time in a decade.

The shadow Chancellor delivers repeated misinformation which we have heard countless times from those on the Labour Benches. Let us take transport funding for example. He knows that central Government transport funding is higher per capita in the north than it is in London and the south—that is a fact. He knows that there are 665,000 fewer children in workless households now than there were in 2010—that is a fact. He knows that public investment set out in the OBR report today represents Britain’s biggest public capital investment programme for 40 years—that is a fact. He accuses me of talking about housing again. Well, I will talk about housing again, and again, and again, because we have announced £44 billion-worth of investment in housing, and that is an awful lot of announcements that I will have to make.

The ultimate audacity is the moral lecturing tone in the shadow Chancellor’s closing remarks. I really do take exception to being lectured to by a man who has stood idly by, turning a blind eye, while his leader has allowed antisemitism to all but destroy a once great political party from the inside out. Attlee and Bevan must be rotating in their graves. People should look at what this pair have done to the Labour party and just think what they would do to our country.

Mr Speaker
- Hansard - - - Excerpts

13 Mar 2019, 1:37 p.m.

Order. It might be helpful to the House if I indicate that, given the pressure of time and the importance of subsequent business—to which reference was made earlier—it will almost certainly not be possible on this occasion for me to take everybody on this statement, which, as the House knows, is ordinarily my practice. I am looking to move on at approximately 2.45 pm. It may be possible to move on before then, but I certainly do not want it to be significantly later than then.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

13 Mar 2019, 1:50 p.m.

My right hon. Friend is right, of course, about the OBR’s Brexit assumption—I said so earlier and the OBR has said so clearly. It has to make an assumption, and until there is a new policy, that is unfortunately the way it is mandated to work. On the forecast, I have addressed this in this House many times before. The forecast is based on those assumptions. We are either going to have a no-deal exit, in which case I would expect a significantly worse outturn, or we are going to lift this cloud from above our economy, in which case I would expect a significantly better outcome. A number of important commentators, including the Governor of the Bank of England, have suggested over the past couple of weeks that there is more juice in the economy if we can just lift this cloud.

I have noted my right hon. Friend’s early bid for further education in the spending review. There will be lots to discuss as we go into the spending review, and we will ensure that there are proper, structured arrangements for Members of this House to make their views known. My right hon. Friend the Chief Secretary will be happy to engage across the House.

My right hon. Friend asked about the target for the mid-2020s. I simply do not accept that the figures published today show that it is impossible to reach a balanced budget in the mid-2020s. In 2023-24, the deficit will be 0.5% of GDP, but whether we choose to get the deficit down to zero or choose to do other things is a choice, and we are lucky to have it.

Mr Speaker
- Hansard - - - Excerpts

13 Mar 2019, 1:52 p.m.

The hon. Member for Manchester Central (Lucy Powell), who is ordinarily known for her buoyant and enthusiastic smile, was gesticulating at the Chancellor to speed up. I think she was auditioning for the role of Speaker, and presumably seeking to give the right hon. Gentleman a masterclass in brevity, notwithstanding her desire often to make her own point with enormous eloquence but at not inconsiderable length—but we will see.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

13 Mar 2019, 12:09 p.m.

Let me make this clear, for the avoidance of doubt. The NHS 10-year plan has been published, but the funding plan that we have announced is a five-year plan, and there will be a mid-point at which we fund the NHS for the latter part of the plan. We have no plans, I am afraid, to set out a 10-year funding plan for any area of our public services. That would not be prudent or sensible, given the cyclicality of the economy.

Mr Speaker
- Parliament Live - Hansard - - - Excerpts

The hon. Member for Manchester Central is much talked about. I think it is time we heard from her.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

I am all in favour of early-intervention approaches where they can be shown to be effective. My hon. Friend will know that at the Budget I announced an extra £410 million next year for social care, including for children, and we also announced £84 million specifically over five years to pilot schemes to try to keep more children safely at home. However, his representations are noted, and he will have an opportunity to make more formal representations ahead of the spending review to my right hon. Friend the Chief Secretary to the Treasury.

Mr Speaker
- Hansard - - - Excerpts

13 Mar 2019, 2:26 p.m.

Order. We need to speed up, because I want to accommodate colleagues. Can we have a one-sentence question?

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

13 Mar 2019, 2:29 p.m.

I congratulate my hon. Friend on her part in this campaign. We are ready to fund the distribution of free sanitary products from the start of the new school year in September, but I cannot commit my right hon. Friend the Education Secretary to a September start until the procurement process—which unfortunately has to be gone through because we have to comply with rules—has been properly scoped. However, it will be as early as possible in the new school year.

Mr Speaker
- Parliament Live - Hansard - - - Excerpts

Now, this is the challenge: can people ask their question in fewer than 30 seconds?

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

Well, I have just done it with £100 million today. As the hon. Lady knows, we have put £460 million into the police this year, £970 million will go in next year and an extra £100 million has been announced today. Of course the police will be considered very carefully in the spending review.

Mr Speaker
- Hansard - - - Excerpts

13 Mar 2019, 2:37 p.m.

May I very gently exhort caring and sharing comrades to care for and share with each other, and not to speak in such a way as to stop others speaking? I am sure they would not want to do that—it would be uncomradely.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

As I have said, this is not a fiscal statement today. I take on board the various points the hon. Lady has made, and my right hon. Friend the Prime Minister is of course going to the conference in New York. Sometimes I do not recognise this country from the descriptions I hear from Opposition Members—[Interruption.] I get out plenty, but I do not recognise this country from their descriptions. Of course we have problems and challenges, but could we stop talking Britain down relentlessly?

Mr Speaker
- Hansard - - - Excerpts

13 Mar 2019, 2:40 p.m.

Who’s up for a single sentence?

Break in Debate

Mr Speaker
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Splendid.

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

13 Mar 2019, 2:41 p.m.

I am not sure I entirely understand the question, but clearly corporation tax receipts have gone up as a result of reducing corporation tax rates, making the UK one of the most attractive places for businesses to establish and invest. As I have acknowledged, business investment is depressed by Brexit uncertainty. The sooner we can end it, the sooner we can get back to business.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

At the risk of being repetitive: we will have a spending review later this year. The question of local government funding and how business rates retention interacts with other funding structures will be looked at, but in the meantime we have increased funding for local government by £1.3 billion, meaning that local government has a real-terms spending increase available this year. Labour Front Benchers voted against it.

Mr Speaker
- Hansard - - - Excerpts

13 Mar 2019, 2:44 p.m.

One sentence each.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 5th March 2019

(1 year, 10 months ago)

Commons Chamber

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HM Treasury
Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

As my hon. Friend will know, we have funded a study into the Shipley bypass. It is absolutely right that, often, the highest-value road investments can be relatively modest local schemes that relieve pressure and allow town regeneration, the release of housing land and the more efficient operation of local industry. We will have a record-sized fund available through the hypothecation of vehicle excise duty.

Mr Speaker
- Hansard - - - Excerpts

5 Mar 2019, 12:03 p.m.

The Member for Shipley will not stop going on about it until he gets it; I think of that we can be absolutely certain.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

HMRC does take action against errant employers. It is always pleased to receive information on suspected non-compliance and will investigate any such cases. I am sorry that the hon. Gentleman had difficulty thinking of a question. Anticipating this situation, I have at least four or five potential questions that he could have asked me, and I am happy to show them to him afterwards.

Mr Speaker
- Parliament Live - Hansard - - - Excerpts

Colleagues, on a discretionary basis I am changing the order, but, believe me, I know why I am changing the order and there is a compelling reason in this instance for doing so.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 29th January 2019

(1 year, 11 months ago)

Commons Chamber

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HM Treasury
Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

Some of the expenditure being undertaken by Departments will be required in any case for our post-EU future, whether we leave with a deal or no deal, but I have made no bones about the fact that some of the expenditure is of a precautionary nature. The expenditure will be nugatory if the deal is agreed and we leave with a smooth trajectory. Every responsible Government, across all areas of activity, undertake expenditure to deal with potential contingencies, to ensure that the country is prepared for eventualities that may arise. It is proper that we should do so.

Mr Speaker
- Hansard - - - Excerpts

29 Jan 2019, 12:17 p.m.

We are running out of time, so we need one-sentence questions.

Break in Debate

Mr Speaker
- Hansard - - - Excerpts

29 Jan 2019, 12:17 p.m.

That was absolutely hopelessly long.

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

29 Jan 2019, 12:18 p.m.

My hon. Friend demonstrates ingenuity and she is absolutely right: the nuclear sector deal is very important.

Break in Debate

Mr Speaker
- Hansard - - - Excerpts

29 Jan 2019, 12:32 p.m.

Let us hear about the jazz situation in Runnymede.

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

29 Jan 2019, 12:32 p.m.

Jazz is alive and well in Runnymede. Perhaps the hon. Gentleman will give me the precise address of the Runnymede Jazz Club later. The measures we announced in the Budget to support high street and retail more generally apply to all retail outlets with a rateable value of less than £51,000. If he has a specific point to make about music venues, I or one of my colleagues would be happy to meet him to talk about it.

Break in Debate

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

29 Jan 2019, 12:38 p.m.

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.

Mr Speaker
- Hansard - - - Excerpts

29 Jan 2019, 12:38 p.m.

I feel sure that the House will want to hear the Strangford Zebedee. The hon. Member for Strangford (Jim Shannon) has been bouncing up and down on virtually every question; I do not want him to feel socially excluded.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 11th December 2018

(2 years, 1 month ago)

Commons Chamber

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HM Treasury
Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

The right hon. Gentleman can practise his synthetic concern at the Dispatch Box, but the remedy lies in his hands. There is a deal on the table that will end the uncertainty and allow this country to move on, and our polling shows that that is exactly what the British people want. All he has to do is get behind it, vote for the Prime Minister’s deal and we can all move on.

Mr Speaker
- Parliament Live - Hansard - - - Excerpts

I say very gently to the Chancellor, to whom I have been listening with great care, that it is quite difficult to vote for something if there is not a vote. I am only trying to help him; it is a point that is so blindingly obvious that I am surprised that I have to state it, but manifestly I do.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

11 Dec 2018, 12:05 p.m.

When I was in Brussels the other day, I was reliably informed that the kingdom of Belgium was originally intended to be a temporary construct, but it still seems to be with us. The world has moved on since the Napoleonic wars, as my hon. Friend may or may not celebrate, and I have to tell him that the Government have no plans to abolish income tax.

Mr Speaker
- Hansard - - - Excerpts

11 Dec 2018, 12:05 p.m.

None the less, we are better informed as a result of what the Chancellor has just told us, on two points: Belgium and then the subsequent point. We are grateful to him for that.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

11 Dec 2018, 12:34 p.m.

Our university sector is a vital asset to the UK. Over the past decade we have seen the universities working much more closely with industry, and that relationship is having a positive and advantageous effect on the growth profile and the technology uptake in the economy. As we leave the European Union, it is vital that our universities are able to go on exchanging students and teaching staff with European institutions, and we will do everything we can to ensure that that happens.

Mr Speaker
- Hansard - - - Excerpts

Order. I think we should hear from my favourite estate agent. I call Mr Kevin Hollinrake.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

11 Dec 2018, 12:20 p.m.

A very large number. I will go back to the Treasury and write to my hon. Friend with a precise figure.

Mr Speaker
- Hansard - - - Excerpts

11 Dec 2018, 12:39 p.m.

Can I politely suggest to the Chancellor that if he were to lodge a copy of his reply with the requisite statistical information in the Library, I do not say that he will be garlanded, but he might come close to it?

European Union (Withdrawal) Act

Debate between Lord Hammond of Runnymede and John Bercow
Thursday 6th December 2018

(2 years, 1 month ago)

Commons Chamber

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Department for International Trade
Mr Speaker
- Hansard - - - Excerpts

6 Dec 2018, 11:51 a.m.

Just before I call the Chancellor of the Exchequer to resume the previously adjourned debate, I want to make two points for the benefit of the House. First, I said yesterday, and I think it is worthy of repetition today, that although this is in one respect a seamless debate running over a period of five sitting days, colleagues should know—and if they have forgotten, be reminded—that there are wind-up speakers each day from the Front Benches. The implication of that for colleagues should be unmistakeable. If right hon. and hon. Members wish to speak in the debate, they should be sure to be present for the winding-up speeches, and they should have a pretty good—if not precise—idea of when those speeches will be delivered. I will keep a record, but this is an important convention, and it really is unacceptable for a Member to speak and then take the attitude that he or she has many commitments and a very full diary and must be elsewhere and cannot possibly be present for the winding-up speeches. That really is unacceptable in parliamentary terms, so I am sure that Members will want to comply with the convention.

Secondly, perhaps I can be forgiven for saying, as I happen to know, that the last time I looked no fewer than 75 right hon. and hon. Members had indicated to me that they wish to catch my eye today. From the Chair’s point of view, and in terms of the efficiency of chairing and of the proceedings, it would be much appreciated if colleagues did not beetle up to the Chair to inquire where they are on the list, how long it will be before they are called, etc. The usual channels are on the case. I politely say to colleagues that the Chair will, as always, do his level best to get everybody in, but the merits of patience can scarcely be overstated. With that, I invite the Chancellor of the Exchequer to resume the debate.

Lord Hammond of Runnymede Portrait The Chancellor of the Exchequer (Mr Philip Hammond)
- Hansard - -

6 Dec 2018, 11:52 a.m.

Thank you, Mr Speaker. I welcome the opportunity to take part in this debate today and to make the case to the House for backing the Prime Minister’s Brexit deal, ensuring a smooth and orderly departure from the European Union, delivering on the referendum decision of the British people and, at the same time, securing a close economic and security partnership with our nearest neighbours and most important trading partners. I will also make the case for rejecting the calls from those who would prefer to plunge the country into the uncertainty and economic self-harm of no deal, and from those who would seek to undo the referendum decision and, in doing so, fuel a narrative of betrayal that would undermine the broad consent on which our democratic politics is based.

Break in Debate

Mr Speaker
- Hansard - - - Excerpts

6 Dec 2018, 12:19 p.m.

I think the House has captured what Jack Straw used to call the gra-vah-men of the hon. Gentleman’s point. I prefer the pronunciation gra-va-men, but there you go.

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

6 Dec 2018, 12:24 p.m.

Let me say this frankly to my hon. Friend: there is no deal that is negotiable that involves leaving the EU and maintaining the financial services passport. That is a fantasy world outcome. There will not be passporting. What we have negotiated with the European Union is an enhanced equivalence approach that will allow us to maintain our vital financial services networks with the European Union in the areas where there is significant financial services trade between us and to do so in a way that will provide the reassurance that commercial companies need in London to continue operating.

A mere equivalence finding is of no use to a company operating a book of derivatives worth several trillion dollars when there could be an abrupt ending of the equivalence arrangement unilaterally by one side. There has to be a more structured basis for that co-operation in the future. We have agreed that with the European Union, and I absolutely agree with my hon. Friend’s point that, even though we will not have direct influence over new European Union rules, we can have a significant influence over the shaping both of the global rules and, indeed, the European rules.

Over many decades of membership of the European Union, the UK has had a huge influence over the EU’s financial services regulatory environment. We have done that not through voting power, but through the skill, the diligence and the commitment of our civil service and industry teams who have engaged in Brussels and who have provided their expertise to try to shape the European Union’s financial services regulation in a way that is effective and that works for us all, and we will carry on doing so in the future.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 6th November 2018

(2 years, 2 months ago)

Commons Chamber

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HM Treasury
Mr Speaker
- Hansard - - - Excerpts

Very well done.

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

6 Nov 2018, 11:37 a.m.

As the hon. Gentleman will know, the national funding formula is providing every local authority with more money for every pupil in every school.

Break in Debate

Mr Speaker
- Hansard - - - Excerpts

6 Nov 2018, 12:14 p.m.

The hon. Lady should not have spoiled it. She was doing very well before she added a further bit that was not required.

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

6 Nov 2018, 12:15 p.m.

The hon. Lady will have heard the Chief Secretary remind the House earlier that the Resolution Foundation has now identified that, with the additional money we have put into universal credit, the system is now more generous than the legacy system that it replaces. It has a clear incentivisation to work, and those of us on the Government Benches believe that the best way we support and help and families is to help them into work. That is the sustainable route out of poverty.

Break in Debate

Lord Hammond of Runnymede Portrait The Chancellor of the Exchequer (Mr Philip Hammond)
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6 Nov 2018, 12:24 p.m.

My principal responsibility is to ensure economic stability and the continued prosperity of the British people, and I will do so by building on the plans set out in last week’s Budget. This is a Budget that supports our vital public services, such as the NHS, invests in Britain’s future, keeps taxes low and continues to reduce the nation’s debt. It is a Budget that shows that the hard work of the British people is paying off and that austerity is finally coming to an end. We have turned an important corner in this country and a bright, prosperous future is within our grasp.

Mr Speaker
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Hopelessly long.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
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6 Nov 2018, 12:35 p.m.

I am grateful to the hon. Gentleman. Of course we will work constructively with the Scottish Government to ensure that we can mitigate in every way possible the impact on the community of these very large numbers of job losses.

Mr Speaker
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I do not think we have heard from Mr Knight.

Points of Order

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 11th September 2018

(2 years, 4 months ago)

Commons Chamber

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Mr Speaker
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11 Sep 2018, 12:40 p.m.

I must say I have never found anything wrong with the hon. Member for Bolsover’s hearing. I think it was an off-the-cuff remark. It probably was not the best chosen, but it is a matter for the Chancellor to judge whether he wants to say anything.

Mr Speaker
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11 Sep 2018, 12:41 p.m.

The Chancellor is shaking his head. Fair enough. The right hon. Member for Hayes and Harlington (John McDonnell) has registered his point. Knowing the hon. Member for Bolsover as I do, I very much doubt he will lose any sleep over it.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 11th September 2018

(2 years, 4 months ago)

Commons Chamber

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HM Treasury
Lord Hammond of Runnymede Portrait Mr Hammond
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Many people are dependent on vehicles for everyday living and for work. As I have already said, we understand the pressure that higher oil prices and their feed-through to the pumps presents for individual consumers. We take all such matters into account when setting future policy.

Mr Speaker
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11 Sep 2018, 12:07 p.m.

I hope the House will join me in welcoming the hon. Member for East Dunbartonshire (Jo Swinson) back from her maternity leave.

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Mr Speaker
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11 Sep 2018, 11:30 a.m.

Not least because he will have important views about wage growth and inflation.

Lord Hammond of Runnymede Portrait Mr Hammond
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11 Sep 2018, 11:30 a.m.

I know that he does have such views, Mr Speaker. As my right hon. Friend asked—and I know that her Committee questioned the Governor on this subject last week—I can now announce to the House that I have been discussing with the Governor his ability to serve a little longer in post in order to ensure continuity through what could be quite a turbulent period for our economy in the early summer of 2019. I can tell the House today that the Governor has agreed, despite various personal pressures to conclude his term in June, that he will continue until the end of January 2020 in order to help to support continuity in our economy during this period.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Philip Hammond
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11 Sep 2018, 12:36 p.m.

I think I will treat my hon. Friend’s comments as a Budget submission.

Mr Speaker
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It is time the House heard from Mr Dennis Skinner.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 3rd July 2018

(2 years, 6 months ago)

Commons Chamber

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HM Treasury
Lord Hammond of Runnymede Portrait Mr Hammond
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3 Jul 2018, 12:04 p.m.

The recent announcement of an additional £20 billion a year by 2023-24 for NHS funding was about core NHS funding. That is a huge commitment: £83 billion over the next five years. However, the hon. Lady is of course right to say that public health spending is also very important and has a direct impact on the way the NHS operates. Local authorities will receive more than £9 billion to spend on public health between now and 2021, but that is not the only stream of funding for public health. NHS England and the Department of Health and Social Care pay for Public Health England and for immunisation, screening and other preventive programmes. The NHS 10-year plan, which is currently under development, will set out proposals for public health.

Mr Speaker
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We thank the Chancellor for his views, which have been set out in considerable detail. The right hon. Gentleman cannot be accused of excluding any consideration that might, at any time, to any degree, be judged material.

Break in Debate

Mr Speaker
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3 Jul 2018, midnight

The hon. Gentleman is a cheeky chappie in this Chamber. I counted no fewer than four questions, to which I know the Chancellor, with his customary intellectual dexterity, will reply with one answer, embracing the gamut of issues if he wishes.

Lord Hammond of Runnymede Portrait Mr Hammond
- Parliament Live - Hansard - -

3 Jul 2018, midnight

Indeed, Mr Speaker. What I will say is that we have spent the last eight years cleaning up the mess that was left behind for us by the last Labour Government and trying to mitigate its impacts on ordinary families up and down this country. It is the same whenever Labour gets into power: it is always ordinary people and the most vulnerable in society who suffer the most, and it is always the Tory party that has to clean up the mess.

Break in Debate

Mr Speaker
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3 Jul 2018, 12:38 p.m.

Well, I won’t, but the Chancellor might.

Lord Hammond of Runnymede Portrait Mr Hammond
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3 Jul 2018, 12:39 p.m.

Yes, Mr Speaker, I will. I can tell my hon. Friend that we have established a European working group between the Bank of England and the European Central Bank to look at questions of contract continuity and other threats to financial stability over the period when we leave at the end of March. That will be looking at insurance contracts, and it will also be looking at the very large number of outstanding derivative contracts that could also, theoretically, become unenforceable at that point.

Mr Speaker
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3 Jul 2018, 12:39 p.m.

Who can ask a single-sentence question? I call Chris Williamson.

Break in Debate

Mr Speaker
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The hon. Gentleman is clearly a devoted fan of the semicolon.

Lord Hammond of Runnymede Portrait Mr Hammond
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That is the answer, Mr Speaker.

There will be a spending review next year, when we will look at the overall spending envelope and the Government’s priorities across the entire range of public spending.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Philip Hammond
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I am afraid that I have to remind the hon. Gentleman that 86% of all PFI contracts currently in place in the NHS, draining money out of NHS trusts, were put in place by the previous Labour Government.

Mr Speaker
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Order. We are very short of time. I will take two more: Kevin Hollinrake; and then Helen Goodman.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Philip Hammond
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When I have the money in the bank, I will invite them around for a glass of champagne.

Mr Speaker
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That is a pretty generous offer from the Treasury—[Interruption.] It will be recorded in Hansard; it will be in the Official Report tomorrow.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 22nd May 2018

(2 years, 8 months ago)

Commons Chamber

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HM Treasury
Lord Hammond of Runnymede Portrait Mr Hammond
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22 May 2018, 12:09 p.m.

As the hon. Gentleman knows, I firmly believe that the service that will be provided on the route from London to Swansea will deliver exactly what passengers have bargained to get, without the need for the disruption and cost of overhead electrification. We will look at the funding needs of all parts of the United Kingdom appropriately, to support economic growth and to reduce regional disparities.

Mr Speaker
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22 May 2018, 12:09 p.m.

Order. The hon. Member for Shrewsbury and Atcham (Daniel Kawczynski) has question 21, which is not altogether dissimilar from the one with which we are dealing, but which will probably not be reached. If he wants to come in now, he can. If he does not, he need not do so. But he does, so he will.

Break in Debate

Mr Speaker
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22 May 2018, 12:09 p.m.

Especially for the purposes of generating economic growth.

Lord Hammond of Runnymede Portrait Mr Hammond
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Precisely, Mr Speaker. It is the economic growth generation potential of housing development that we will take into account when evaluating transport proposals. In relation to the specific project to which my hon. Friend refers, the Exchequer Secretary advises me that the Department for Transport is eagerly awaiting a business plan for the project from the relevant local authority.

Break in Debate

Mr Speaker
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22 May 2018, 12:35 p.m.

Sounds fascinating, and I think we are going to hear more about it.

Lord Hammond of Runnymede Portrait Mr Philip Hammond
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22 May 2018, 12:35 p.m.

The Government are committed to exploring all technologies that will keep data safe and create opportunities for innovation. Blockchain is one such technology, but the Government will also be examining other even more innovative distributive ledger technologies.

Mr Speaker
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22 May 2018, 12:36 p.m.

I look forward to learning more about blockchain. I am uninitiated on the matter, as the hon. Member for Walsall North (Eddie Hughes) can tell, but I feel sure that he will put me in the picture erelong.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
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We have not yet concluded our negotiations with the European Union, so it is impossible to make any assessment of the impact of our departure until we know what the future relationship with the EU will be. This Government’s agenda is to get the best possible deal for Britain that protects jobs, prosperity and businesses, so that we can protect our existing trade with the EU as well as build new trade opportunities beyond Europe.

Mr Speaker
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22 May 2018, 12:36 p.m.

The hon. Member for Lichfield (Michael Fabricant) need not worry; I am perfectly clear that he wishes to give us his thoughts. I am saving him up. It would be a pity to squander him at too early a stage of our proceedings.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 17th April 2018

(2 years, 9 months ago)

Commons Chamber

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HM Treasury
Lord Hammond of Runnymede Portrait Mr Hammond
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17 Apr 2018, 11:38 a.m.

My right hon. Friend the Financial Secretary to the Treasury tells me that he agreed to meet the hon. Gentleman but has not heard from him to arrange a meeting. Let me reiterate on my right hon. Friend’s behalf that he would be happy to meet the hon. Gentleman to discuss this case.

Mr Speaker
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17 Apr 2018, 11:39 a.m.

Young Philp was standing a moment ago. The fella has stopped standing. Do you want to get in there, man? Go for it.

Break in Debate

Mr Speaker
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The hon. Gentleman’s job application is in the post.

Lord Hammond of Runnymede Portrait Mr Hammond
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17 Apr 2018, 11:39 a.m.

Thank you for your very carefully tailored piece of demand stimulation, Mr Speaker. It was much appreciated for the economy of the Chamber.

My hon. Friend is right. As I have already said, working with the EU on this interim proposal for a turnover-based tax is, we believe, the right thing to do. We have, of course, also introduced an interim measure of our own, seeking to tax licence fees that are paid to low-tax jurisdictions where we judge that the underlying basis of the licence fee is economic activity taking place in the UK. We have that measure already in place, and we will continue to work with the EU on its proposed measure.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
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17 Apr 2018, 12:14 p.m.

Not for the first time, I do not recognise the picture of our economy that is painted by Opposition Front Benchers. Figures today tell us that we have new record high numbers of people in employment, and new record low unemployment figures. That should be something that we are celebrating. Real wages are forecast to turn positive from this quarter and to go on growing thereafter. Employment is expected to grow by another 500,000 by 2022. We are working hard to ensure that productivity performance increases across the economy because that is the only sustainable way to achieve higher wages and higher living standards.

Mr Speaker
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17 Apr 2018, 12:14 p.m.

Order. I am afraid that progress has been terribly slow today. I would like to get through some more questions from Back Benchers, but we will need to have single-sentence questions and pithy replies. We do not have time for long pre-prepared speeches.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Philip Hammond
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I have already answered the question on the Swansea Bay lagoon—we are studying the project. All of these projects have to meet value-for-money tests. We already have a fantastic offshore wind sector, with record low costs to the consumer through offshore wind generation. We have to decarbonise our economy in a way that also keeps electricity prices as low as possible for consumers and businesses.

Mr Speaker
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Single-sentence inquiries: I call Vicky Ford.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
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17 Apr 2018, 12:40 p.m.

The Government have been clear that the cap on public sector pay has been abolished and that it is for individual Departments and bodies to talk to their workforces about how pay can be increased in a self-funding way through productivity enhancements. We have seen that being done in the NHS with the “Agenda for Change” deal, which is now with the unions and staff for voting. It is a very good pay deal, but it will be supported by significant improvements in productivity. If we can do it there, we can do it across the piece.

Mr Speaker
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17 Apr 2018, 12:39 p.m.

Order. One colleague has been standing for a long time and has not asked a question. I call Jim Shannon.

Spring Statement

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 13th March 2018

(2 years, 10 months ago)

Commons Chamber

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Lord Hammond of Runnymede Portrait Mr Hammond
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13 Mar 2018, 1:20 p.m.

Probably a matter of rather more immediate urgency for the people of Scotland is how their economy will withstand the highest rates of taxation in the United Kingdom—an economy that, under the SNP Government, is already growing more slowly than the economy of the United Kingdom. I do not know about a sinking ship; I suggest to the right hon. Gentleman that this is about keeping afloat.

The right hon. Gentleman talks about earnings. I suggest that he looks at real household disposable income, which, as I am sure he knows, is now 4.4% higher than at the start of 2010. We have cut taxes for 31 million people across this country, at a time when his Government are putting taxes up. We have taken 4 million people out of taxation, improving the ability of people to retain their hard-earned incomes.

The right hon. Gentleman talks about Brexit, spreading alarm, but he knows very well that my right hon. Friend the Prime Minister is working tirelessly to deliver a Brexit that will secure British jobs, British businesses and British prosperity. We would be aided in that enterprise if he and his Government worked closely with us to deliver an outcome that is good for the whole of the United Kingdom.

The right hon. Gentleman talks about Scotland’s budget and the block grant, but of course Scotland now has its own tax-raising powers, and the people of Scotland know how he intends to use them. Perhaps he has forgotten, but I will try to help him with his short-term amnesia: at the autumn Budget in 2017—just four months ago—Scotland received an additional £2 billion of funding as a result of the measures announced then.

As for the VAT on police and fire services measures being vindictive, the Scottish National party Government were told explicitly that it would not be possible to refund VAT if they went ahead with the police reorganisation, and they decided to do so anyway. He may use the adjective “vindictive”, but I suspect my right hon. and hon. Friends will be able to think of another adjective to describe a Government who pursued such a ridiculous course of action.

Mr Speaker
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13 Mar 2018, 1:29 p.m.

Order. I gently remind the House that, whatever impression might have been given so far, this is not a debate; it is a question and answer session following a ministerial statement.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 27th February 2018

(2 years, 10 months ago)

Commons Chamber

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HM Treasury
Lord Hammond of Runnymede Portrait Mr Hammond
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We absolutely value transparency in the public-private partnerships that are delivered. They are an important part of the overall infrastructure. As I just explained to the House, there are currently no PF2 projects in procurement. That indicates that we have set the bar for value for money in public-private partnerships very high, and we will continue to do so.

Mr Speaker
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27 Feb 2018, 11:47 a.m.

Order. This is a rather extraordinary state of affairs. I hope that the hon. Member for Hyndburn (Graham P. Jones) is not indisposed, and if he is I am sorry, but otherwise there is absolutely no basis for his leaving the Chamber during the exchanges on his question. That is a rank discourtesy to the House—and a discourtesy to the Chancellor as well, for that matter. It must not happen.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
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I am grateful to the hon. Lady, and I will look into the point that she raised immediately. This is obviously an immediate issue in relation to the cold weather that we are having now. I will find out and let her know later.

Mr Speaker
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Order. I am awfully sorry to disappoint remaining colleagues. I allowed some injury time because a wholly disproportionate amount of time was spent discussing the policies of parties other than the Government, but we must now move on.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 16th January 2018

(3 years ago)

Commons Chamber

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HM Treasury
Lord Hammond of Runnymede Portrait Mr Hammond
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Yes, it is absolutely true that for both Scotland and Wales leaving the UK single market would be far more economically damaging than leaving the European single market, which prompts the question why the Scottish National party has advocated so strongly remaining in the European single market and also advocated so strongly breaking up the UK single market.

Mr Speaker
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16 Jan 2018, 11:58 a.m.

Order. I am not very interested in hearing that, which has nothing to do with Government policy, but I am interested in hearing Wes Streeting. I hope the Chancellor will take note: put very briefly, Chancellor, “Stick to your last—your business, not theirs.”

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 28th November 2017

(3 years, 1 month ago)

Commons Chamber

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HM Treasury
Lord Hammond of Runnymede Portrait Mr Hammond
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It is a priority of the Government to continue to close the gender pay gap, which is now at its lowest level ever.

Mr Speaker
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28 Nov 2017, 11:40 a.m.

I call Kirsty Blackman.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 24th October 2017

(3 years, 2 months ago)

Commons Chamber

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HM Treasury
Mr Speaker
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24 Oct 2017, 11:39 a.m.

The hon. Gentleman used the words “employment” and “employee” and just about got his question in order.

Lord Hammond of Runnymede Portrait Mr Hammond
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24 Oct 2017, 11:39 a.m.

I am sure he did, Mr Speaker. My hon. Friend raises an interesting but technical point that has been raised with me by others, including the TUC. I will take what he said as a Budget representation and look into it carefully.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Hammond
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I can absolutely confirm that. I can also tell my hon. Friend the good news that a typical basic rate taxpayer will pay £1,005 less income tax in 2017-18 than in 2010-11.

Mr Speaker
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24 Oct 2017, 12:20 p.m.

This really is finally. I call Mr Nigel Huddleston.

Break in Debate

Lord Hammond of Runnymede Portrait Mr Philip Hammond
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The hon. Lady will be aware of the increase in inflation—CPI inflation stands at 3%. Most forecasts suggest that it might go 0.1% higher before falling steadily from late this year. Obviously any increase in inflation will have a negative impact on real wages, and we very much look forward to CPI inflation falling and real wage growth resuming in this country next year.

Mr Speaker
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24 Oct 2017, 12:37 p.m.

We are out of time, but the temptation to hear remaining colleagues is, frankly, just too powerful.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and John Bercow
Tuesday 18th July 2017

(3 years, 6 months ago)

Commons Chamber

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HM Treasury
Lord Hammond of Runnymede Portrait The Chancellor of the Exchequer (Mr Philip Hammond)
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18 Jul 2017, 12:02 p.m.

Short-term indicators of growth are volatile. Quarterly growth was 0.2% in the first quarter of this year, but this followed strong growth of 0.7% in the quarter before. The underlying economy is robust, thanks to record employment levels. Although a recent rise in inflation, caused mainly by the depreciation of sterling last year, may temporarily dampen consumer spending—today’s inflation figure for June is a little lower at 2.6%—there are signs from surveys of business that export orders and business investment intentions are up.

Mr Speaker
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I call the Chair of the Select Committee on the Treasury, Nicky Morgan.