Spring Statement Debate

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Department: HM Treasury

Spring Statement

Rachael Maskell Excerpts
Tuesday 13th March 2018

(6 years, 1 month ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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I think that that would involve widening the scope of the intended consultation rather dramatically. I remind the House that, when I referred to this issue in the autumn Budget, I said that I was not minded to lower the VAT threshold because I recognise that, at its current level, it keeps a lot of small businesses out of the administrative burden of VAT. However, we are keen to ensure that the cliff-edge effect, which has a damaging impact on businesses that are trying to grow, should be addressed if it is possible to do so. The consultation will pursue those ideas.

Rachael Maskell Portrait Rachael Maskell (York Central) (Lab/Co-op)
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There is a reason why we need to invest in our public services. In York, our schools have gone from being the seventh worst funded to the very worst funded authority, our NHS is in a capped expenditure process, and no social housing has been built. Should not the Chancellor invest in our children and in the sick, and provide homes for the homeless?

Lord Hammond of Runnymede Portrait Mr Hammond
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I am afraid that it is characteristic of the Opposition that they are able to see the world only through the lens of inputs—

Rachael Maskell Portrait Rachael Maskell
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That is the reality!

Lord Hammond of Runnymede Portrait Mr Hammond
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The reality is that since 2010 we have increased the number of schools that are good or outstanding. That means that 90% of schools are now either good or outstanding, and that 1.9 million more children are being taught in good or outstanding schools. That is the metric that matters to parents and to children themselves in terms of their life chances. It is not always just about the money; it is also about the outcomes.