Spring Statement

Debate between Lord Hammond of Runnymede and Tim Loughton

Wednesday 13th March 2019 Commons Chamber

[Mr Hammond]

Yes, I will be voting against us leaving without a deal. I have always believed that leaving without a deal would be bad for the UK economy, and that continues to be my view. May I just take the hon. Gentleman up on his point about the relatively higher growth forecasts we saw until a year or so ago? We need to remember that this is a structural downgrade. The OBR revised its estimate of the growth rate of productivity in the economy. Until we get that productivity growth rate back, we will not see sustainable higher growth in the economy. That is why it is my No. 1 priority, and it drives every announcement I make.

[Tim Loughton (East Worthing and Shoreham) (Con)]

Further to the point made by the hon. Member for Manchester Central (Lucy Powell), I am pleased to hear that the Chancellor recognises the urgency of schools funding in the spending review, but will he not ignore children’s social care? Spending on early intervention by local authorities has fallen from £3.7 billion to £1.9 billion, but at the same time their spending on late intervention has risen from £5.9 billion to £6.7 billion. It does not take rocket science to work out the link, so will he acknowledge that not investing early is a false economy, both socially and financially?

[Mr Hammond]

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.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Tim Loughton

Tuesday 22nd May 2018 Commons Chamber

[Mr Hammond]

On the publication of Government analysis, I have made it clear on several occasions that once Parliament is being asked to vote on a proposal—on a package—it will be appropriate for the Government to publish the analysis that they have, to make sure that that debate is as informed as possible. The future trajectory of household incomes will depend, in part, on the quality of the deal we negotiate as we exit the EU, and we are focused on getting the very best deal for British jobs, British prosperity and British businesses.

[Tim Loughton (East Worthing and Shoreham) (Con)]

T2. Much champagne, or, in the more discerning households, English or Welsh sparkling wine, was drunk at the weekend, so what is the Chancellor doing financially to help promote and expand this excellent domestic wine industry? Post Brexit, will he address the anomaly whereby fizz is taxed more than still wine, which has a higher alcohol volume?

Britain in the World

Debate between Lord Hammond of Runnymede and Tim Loughton

Monday 1st June 2015 Commons Chamber

[Mr Hammond]

I have to make some progress, because many Members wish to speak this afternoon.

We are clear that to be successful in the future the EU has to change course. It has to become more outward looking, more competitive and less bureaucratic. I am confident that that vision is increasingly shared across the continent. Through the renegotiation process, which the Prime Minister has now started, we have the opportunity to deliver change that will benefit all EU citizens, as well as addressing the long-standing concerns of the British people.

[Tim Loughton (East Worthing and Shoreham) (Con)]

Does the Foreign Secretary share my concern at the forecast that in the next five years the share of world GDP by the EU will be just 60% of the level it was back in 1990? It is not just in the interests of the United Kingdom that we reach a settlement; it is in the best interests of the sustainability of the whole EU that it is reformed.

[Mr Hammond]

My hon. Friend is absolutely right. There are two parts to this agenda: reform of the European Union to make it more competitive, more accountable, more effective and more outward looking, which is in the interests of all of us; and Britain’s specific requirements for its relationship with the European Union. We will negotiate a package that embraces both those concepts, and crucially it is in everyone’s interests that we settle the issue of Britain’s relationship with the EU once and for all, and that it is the British people who make that important decision in 2017.