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Results 1–20 of 5000 for (in the 'Commons debates' OR in the 'Westminster Hall debates' OR in the 'Lords debates' OR in the 'Northern Ireland Assembly debates') speaker:George Osborne

Advisory Committee on Business Appointments/Ministerial Code (20 Mar 2017)

George Osborne: When I heard that this urgent question had been granted, I thought it was important to be here—although unfortunately we have missed the deadline for the Evening Standard. In my view, this Parliament is enhanced when we have people of different experience taking part in our robust debates and when people who have held senior ministerial office continue to contribute to the decisions we have...

O’Neill Review — [Mr Gary Streeter in the Chair] (7 Mar 2017)

George Osborne: Will my hon. Friend give way?

O’Neill Review — [Mr Gary Streeter in the Chair] (7 Mar 2017)

George Osborne: I congratulate my hon. Friend on highlighting this issue, and the wide range of Members here shows the degree of support across the House. He is now on the nub of the problem: there will not be an international levy unless Britain leads the argument internationally; no other country will do it. David Cameron established the review and Jim O’Neill has provided the answers. The British...

European Union (Notification of Withdrawal) Bill: [2nd day] (1 Feb 2017)

George Osborne: The right hon. Member for Doncaster North (Edward Miliband) speaks, as he always does, with passion for an international Britain and for European solutions to the many problems we face. Democracy is easy to defend when we agree with the majority. In many other political systems, such as dictatorships, people can get their way, but democracy has the added advantage of legitimacy and popular...

European Union (Notification of Withdrawal) Bill: [2nd day] (1 Feb 2017)

George Osborne: I will make some progress before taking interventions. We have to accept that, in a democracy, the majority has spoken. Although I am a passionate believer in an open, internationalist, free-trading Britain, I am also a passionate believer in Britain as a democracy. It is unfashionable in schools these days to teach what I believe to be a true tale of our nation’s history, which stretches...

European Union (Notification of Withdrawal) Bill: [2nd day] (1 Feb 2017)

George Osborne: I wish to make some progress, and I want others to have a chance to speak, so I will not take interventions. There is a mandate to leave the European Union, but that was the only question asked of the British people in the referendum. We cannot assume that the British public gave a set of answers to the questions we now face as a Parliament. Indeed, those questions are now entrusted to us as...

European Union (Notification of Withdrawal) Bill: [2nd day] (1 Feb 2017)

George Osborne: I will just finish my speech and then others can speak. That is what the negotiation is going to be like. I suspect it will be rather bitter. I spent four years negotiating with Michel Barnier, and I advise my right hon. Friend the Secretary of State for Exiting the European Union to be well briefed, as he always is, and to pack a packet of Pro Plus, because there will be many long nights...

Industrial Strategy Consultation (23 Jan 2017)

George Osborne: I congratulate my right hon. Friend on the intelligent approach set out in the Green Paper, building on what has been achieved over the past six years but taking it much further in skills, science and, in particular, the northern powerhouse. The university sector is a jewel in the British economy’s crown. The Higher Education and Research Bill will open up the sector to new entrants, just...

Aleppo/Syria: International Action (13 Dec 2016)

George Osborne: I congratulate my right hon. Friend the Member for Sutton Coldfield (Mr Mitchell) on speaking with such passion and compassion for the citizens of Aleppo, and on bringing to bear his experience as one of the country’s outstanding International Development Secretaries. I also thank you, Mr Speaker, for granting this debate; it is good to see my right hon. Friend the Foreign Secretary here...

Aleppo/Syria: International Action (13 Dec 2016)

George Osborne: On the narrow point, in August 2013, we were responding to the use of chemical weapons and providing airstrikes as a demonstration that the use of those weapons was completely unacceptable and that a red line had been crossed—and, indeed, that the west had established that red line. Of course, once this House of Commons took its decision, I believe it did have an impact on American...

Autumn Statement (23 Nov 2016)

George Osborne: I warmly congratulate my right hon. Friend and successor on his strong statement and assured delivery. I particularly welcome the additional support for the northern powerhouse. The independent Office for Budget Responsibility has given us a sober assessment of the economic and borrowing challenges that Britain faces, and the Chancellor is right to keep his powder dry. However, he is also...

Surplus Target and Corporation Tax (4 Jul 2016)

George Osborne: In the past week, I have sought to be realistic with the British people about the economic challenges we now face but to mix that realism with reassurance that we can rise to those challenges. The financial contingency plans that the Governor of the Bank of England and I put in place have proved effective to date. Financial markets have adjusted, but I can report today that, although we...

Surplus Target and Corporation Tax (4 Jul 2016)

George Osborne: When I became Chancellor, there was a question mark over Britain’s ability to pay its way in the world, and that was reflected in our bond yields, but because of our determined effort over the last six years, when we have hit an economic shock, as we have done in the last two weeks, the response has been a fall in bond yields—because people have confidence in the UK. First on planning,...

Surplus Target and Corporation Tax (4 Jul 2016)

George Osborne: It is clearly likely that we will be impacted by a cyclical downturn in the public finances—we can already see the growth forecasts being adjusted. The OBR will help us to make an assessment of the referendum result’s structural impact on the public finances and our chances of hitting the target—as I say, it looks unlikely that we will hit it—and then, under the fiscal charter, it...

Surplus Target and Corporation Tax (4 Jul 2016)

George Osborne: First, as a result of the reforms we have made over the last six years, the Bank of England has many more tools at its disposal than it did in the financial crash. Obviously, it can act on monetary policy consistent with its inflation target. The Governor of the Bank of England, speaking in a personal capacity as a member of Monetary Policy Committee, said that easing was likely to be...

Surplus Target and Corporation Tax (4 Jul 2016)

George Osborne: We have to be realistic about the economic shock that the referendum result has created, which is acknowledged not just by the Bank Governor but by many independent forecasters—it is reflected in the financial markets. It will have an impact on the public finances, which will partly be cyclical, but also partly structural. In the end, a structural deficit—my hon. Friend, who is a good...

Surplus Target and Corporation Tax (4 Jul 2016)

George Osborne: I am all for supporting small businesses, which is why we have a package of rates relief in the Budget. I am all for making the big transport investments, which this country has, frankly, not done for a generation. That is why I support High Speed 2 and indeed High Speed 3, as well as a new runway in the south-east of England. The OBR has revised up its economic forecast for business...

Surplus Target and Corporation Tax (4 Jul 2016)

George Osborne: Over the past 10 days I have had numerous conversations with various business leaders and leaders of financial institutions, and tomorrow I will be meeting the heads of some of the major banks to discuss how we proceed. The overall, and very clear, message from the Prime Minister’s business council, which met on Thursday, was, “Let us send a message round the world that we are not closed...

Surplus Target and Corporation Tax (4 Jul 2016)

George Osborne: When it comes to annoying our European partners, I do not think this is going to be the thing that tips the balance after the last couple of weeks. Ireland is a member of the EU and has a 12.5% corporation tax rate. When it comes to investment in the north and the midlands, I am very much open to what further steps we can take. I do not pretend that we have done everything possible; I think...

Surplus Target and Corporation Tax (4 Jul 2016)

George Osborne: My hon. Friend is right to say that, while taxes on business profits are important, capital taxes are also vital to stimulating investment. That is why in the Budget we reduced capital gains tax—and, with hindsight, that is an even more sensible move than I thought it was at the time. I am always ready to consider further investment allowances, and we have very successful allowances such as...


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