Wales – in the House of Commons at on 17 March 2021.
Antony Higginbotham
Conservative, Burnley
What assessment he has made of the effect of the Budget 2021 on the Welsh economy.
Simon Hart
The Secretary of State for Wales
On top of the new UK-wide funds, £4.8 million has been committed to the Holyhead hydrogen hub, up to £30 million to the global centre of rail excellence, and we are accelerating funding for the growth deals in Wales.
Antony Higginbotham
Conservative, Burnley
In north Wales, just as in Burnley, there is a strong and proud aerospace manufacturing sector. Does my right hon. Friend agree that the Chancellor’s super deduction, announced at the Budget, could be transformational for that sector, allowing it to invest in equipment and machinery that will create jobs and boost productivity?
Simon Hart
The Secretary of State for Wales
My hon. Friend does not have to take it from me; he makes a very good point and I have to tell him, from the number of stakeholder engagements we have had in the Wales Office, including with that sector, that the reception to this particular recommendation has been fantastic. It is transformational. This is the first time this has ever been done—probably the biggest tax cut in history. That is the sort of thing that will regenerate jobs and livelihoods at a time when they are most needed, and I congratulate the Chancellor on his efforts.
Lindsay Hoyle
Speaker of the House of Commons, Chair, Speaker's Committee for the Independent Parliamentary Standards Authority, Chair, Speaker's Committee for the Independent Parliamentary Standards Authority, Chair, House of Commons Commission, Chair, Speaker's Committee on the Electoral Commission, Chair, Speaker's Committee on the Electoral Commission
Congratulations to the Wales Office team; we have finished the whole of Welsh questions.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
