Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Trudy Harrison Excerpts
Tuesday 22nd May 2018

(5 years, 11 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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I have already answered the hon. Gentleman’s questions about my meeting with Mr Cameron last October. In a meeting that ranged across a number of issues, Mr Cameron was good enough to inform me of his intention to take up this role with a fund promoting investment both in China and the UK. The Government support all initiatives that improve trade and investment between the UK and China.

Trudy Harrison Portrait Trudy Harrison (Copeland) (Con)
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2. What progress the Government have made on supporting families with the cost of living.

Elizabeth Truss Portrait The Chief Secretary to the Treasury (Elizabeth Truss)
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People’s disposable income is now 4.6% higher in real terms than in 2010. That is because we have turned around the economy and held taxes down.

Trudy Harrison Portrait Trudy Harrison
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According to recent figures from the Office for National Statistics, real household disposable income is £1,600 higher than in 2008, while the proportion of lower paid workers has fallen to its lowest level for 35 years due to the national living wage. Does my right hon. Friend think that those statistics would be as positive if we had taken the advice of the Labour party?

Elizabeth Truss Portrait Elizabeth Truss
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As my hon. Friend knows, the advice of the Labour party is that we need to “overthrow capitalism”. If we were to do that, there would be fewer businesses, fewer jobs, higher taxes and higher mortgage rates—and we would all be queuing for food, as people are in Venezuela.

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John Glen Portrait John Glen
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It is a matter for banks to make commercial decisions on the basis of their assessments, and there are rules on how they inform the affected constituents. I am, though, very concerned about the situation in rural and sparsely populated areas. I shall visit Scotland over the summer recess to address some of the issues that the hon. Gentleman has raised.

Trudy Harrison Portrait Trudy Harrison (Copeland) (Con)
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T5. I welcomed the Treasury’s recently closed consultation on single-use plastics. Will my hon. Friend update the House on what his Department intends to do next to tackle this problem?

Robert Jenrick Portrait The Exchequer Secretary to the Treasury (Robert Jenrick)
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Sadly, it is a rare day on which a Treasury call for evidence on tax stirs the enthusiasm of the general public, but this one has. We received a record 130,000 submissions from throughout the country. We are determined to take the issue seriously and to tackle the scourge of single-use plastics. The Chancellor has been clear that we want to do so in a way that both tackles the environmental issues and drives innovation to support the jobs of the future.