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Results 1–20 of 12241 for speaker:Philip Hammond

Written Ministerial Statements — Treasury: ECOFIN: 13 July 2018 (12 Jul 2018)

Philip Hammond: A meeting of The Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 13 July 2018. The Council will discuss the following: Early Morning Session The Eurogroup President will brief the Council on the outcomes of the 12 July meeting of the Eurogroup, and the European Commission will provide an update on the current economic situation in the EU. VAT: Generalised Reverse...

Written Ministerial Statements — Treasury: ECOFIN: 22 June 2018 (3 Jul 2018)

Philip Hammond: A meeting of The Economic and Financial Affairs Council (ECOFIN) was held in Luxembourg on 22 June 2018. ECOFIN was preceded by a morning meeting of the EIB Board of Governors. Annual EIB Board of Governors meeting The EIB Board of Governors meeting included a speech by EIB President Werner Hoyer, a Governors discussion on the future direction of the Bank, reappointment of the Board of...

Oral Answers to Questions — Treasury: Unemployment Levels (3 Jul 2018)

Philip Hammond: As a result of tough decisions made by Conservative-led Governments, the UK’s fiscal position has improved enormously since 2010. Contrary to the consistent predictions of doom-mongers on the Opposition Benches, during that process UK employment has also grown consistently. It now stands at record levels, and the unemployment rate is at its lowest in 40 years. However, we are further...

Oral Answers to Questions — Treasury: Unemployment Levels (3 Jul 2018)

Philip Hammond: Yes. Female employment is indeed vitally important, and it has grown to a record high of 71.3%. As the labour market tightens, it is not just fair for us to make it possible and attractive for women to take part in the workforce; it is absolutely essential from an economic point of view. Dealing with any concealed discrimination is key to making it possible for women not only to enter the...

Oral Answers to Questions — Treasury: Unemployment Levels (3 Jul 2018)

Philip Hammond: The hon. Lady is right on both counts. Self-employment is an important contributor to our economy and genuine self-employment is very much to be encouraged, but there is a problem of bogus self-employment. People who are essentially employed are not paying the proper taxes and operating according to the proper rules for people who are employed, and in some cases employers are concealing the...

Oral Answers to Questions — Treasury: Unemployment Levels (3 Jul 2018)

Philip Hammond: Business investment in the UK over the last eight years has recovered significantly since the financial crisis, but right now, as my right hon. Friend knows, there is a degree of uncertainty. We need to get through this period of uncertainty in order to see a continuing commitment by business to invest in the UK economy, and that is what the Government are committed to doing.

Oral Answers to Questions — Treasury: Unemployment Levels (3 Jul 2018)

Philip Hammond: The overwhelming majority of the over 1,000 new jobs a day that have been created since the 2010 general election have been conventional jobs; only a tiny fraction of people in the workforce are on zero-hours contracts—less than 2.8%. Zero-hour contracts do have a role to play, but the Government have taken action to make sure they are not abused, and we will continue to take action to...

Oral Answers to Questions — Treasury: Unemployment Levels (3 Jul 2018)

Philip Hammond: Yes, the views of business, which is the great generator of employment, wealth and prosperity in our country, should always be taken very carefully into account. We should listen to what business is telling us and make sure that we deliver a Brexit that delivers on the needs of business.

Oral Answers to Questions — Treasury: Unemployment Levels (3 Jul 2018)

Philip Hammond: No, and I should tell the hon. Lady that the proportion of people in absolute poverty is at a record low. Since 2010 there are 1 million fewer people in absolute low income; there are 300,000 fewer children in absolute low income and 200,000 fewer pensioners in absolute low income, and 881,000 fewer workless households. That is a great result and a great record, and we are proud of it.

Oral Answers to Questions — Treasury: First-time House Buyers (3 Jul 2018)

Philip Hammond: The Government have helped more than 300,000 first-time buyers to buy a home through our Help to Buy scheme, which includes the help to buy ISA, the help to buy equity loan and now the lifetime ISA. At the autumn budget I went further by abolishing stamp duty land tax for first-time buyers on property up to £300,000. Over 69,000 first-time buyers have already benefited from this change...

Oral Answers to Questions — Treasury: First-time House Buyers (3 Jul 2018)

Philip Hammond: I can tell my right hon. Friend that under the last Labour Government, the number of people achieving home ownership fell by 61%. I think Labour’s position is clear. The Leader of the Opposition has described home ownership as a national obsession; for the Government it is a national priority. We are helping hundreds of thousands of people across the country to achieve the dream of...

Oral Answers to Questions — Treasury: First-time House Buyers (3 Jul 2018)

Philip Hammond: We have a £9 billion affordable homes programme, and we announced a £2 billion uplift in that programme last autumn. We have increased additional flexibilities to allow building for social rent and to relax the housing revenue account caps on local authorities in the highest demand areas. This Government’s programme to deliver the homes this country needs achieved 217,000 net...

Oral Answers to Questions — Treasury: First-time House Buyers (3 Jul 2018)

Philip Hammond: The key to dealing with the challenge that my hon. Friend outlines is to ensure improvements in the supply of housing. We have a consultation under way on the national planning policy framework, which will get more houses built, and we have measures to support demand by making Help to Buy equity loans available to those who are seeking to enter the housing market. This Government will remain...

Oral Answers to Questions — Treasury: First-time House Buyers (3 Jul 2018)

Philip Hammond: Our objective is to increase supply, not to increase the profits of house builders. To do that, we need to ensure that the planning system can be responsive to the demand that we are creating by supporting people with measures such as Help to Buy equity loans, and that is what we intend to do through the national planning policy framework changes.

Oral Answers to Questions — Treasury: Public Health Funding (3 Jul 2018)

Philip Hammond: I have regular discussions with the Secretary of State for Health and Social Care about funding for public health. We fully understand the need to continue supporting prevention and public health in order to manage pressures on the NHS, and we will be setting out budgets for the public health grant in the forthcoming spending review.

Oral Answers to Questions — Treasury: Public Health Funding (3 Jul 2018)

Philip Hammond: The recent announcement of an additional £20 billion a year by 2023-24 for NHS funding was about core NHS funding. That is a huge commitment: £83 billion over the next five years. However, the hon. Lady is of course right to say that public health spending is also very important and has a direct impact on the way the NHS operates. Local authorities will receive more than £9...

Oral Answers to Questions — Treasury: Public Health Funding (3 Jul 2018)

Philip Hammond: I can give it to the hon. Lady now, with a brevity you will be proud of, Mr Speaker. It is £2.27 billion in 2023-24.

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

Philip Hammond: My principal responsibility is to ensure economic stability and the continued prosperity of the British people, both during this period of heightened uncertainty and beyond it, after Brexit. I will do so by building on the plans that I set out in the autumn Budget and the spring statement. The Prime Minister recently announced a five-year NHS funding package that will boost spending on health...

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

Philip Hammond: Obviously, the element of funding that can be provided by net savings from contributions to the European Union will depend intrinsically on the deal that we negotiate with the European Union. We will be working to get the very best possible deal that we can for Britain to ensure that that contribution makes up the largest possible proportion of the additional NHS funding.

Oral Answers to Questions — Treasury: Topical Questions (3 Jul 2018)

Philip Hammond: It is fascinating to see the right hon. Gentleman posing as the champion of business when he has been attacking and undermining business ever since he got into his current position. Yes, I recognise all the questions he asked. The Cabinet will meet on Friday to set out our way forward in our negotiation with the European Union. We recognise that this is now urgent and that we need to make...


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