Results 1–20 of 12270 for speaker:Philip Hammond

Points of Order (11 Sep 2018)

Philip Hammond: indicated dissent.

Oral Answers to Questions — Treasury: Pubs (11 Sep 2018)

Philip Hammond: Pubs are a vital part of our local communities and the Government are committed to supporting them, which is why I froze all alcohol duties in the 2017 Budget. That freeze, and cuts in alcohol taxes since 2013, mean that a typical pint of beer is 12p cheaper than it would otherwise have been. Pubs are also benefiting from recent wider reforms of business rates that will be worth £10...

Oral Answers to Questions — Treasury: Pubs (11 Sep 2018)

Philip Hammond: My hon. Friend has detailed a remarkable turnaround in the fortunes of a pub. I congratulate the Friends of Haden Cross on that success, and on making such good use of the “assets of community value” scheme to save their local. The Government remain clear about the fact that local pubs are instrumental in facilitating the support networks and social interactions that are such a...

Oral Answers to Questions — Treasury: Pubs (11 Sep 2018)

Philip Hammond: Provided that I can have it in writing that my hon. Friend is buying, I am very tempted to consider his offer. I will negotiate with him. I understand the pressure that pubs and many other traditional businesses are facing. Pubs in Shrewsbury have benefited from recent cuts in alcohol duties and business rates, but of course we recognise the challenge that many smaller businesses face, and we...

Oral Answers to Questions — Treasury: Pubs (11 Sep 2018)

Philip Hammond: It is true that pubs are assessed in a different way from other retail premises for business rates purposes. We looked into that recently and concluded that the current system was in fact the best system for pubs, but I shall be happy to look into it again. We all recognise—every single one of us, whichever part of the country we represent—that high streets are under pressure,...

Oral Answers to Questions — Treasury: Pubs (11 Sep 2018)

Philip Hammond: The hon. Gentleman will know that we have the start-up loan scheme, which provides support for entrepreneurs starting small businesses, and the Government will continue to encourage small businesses to be established and then to grow.

Oral Answers to Questions — Treasury: Fuel Duty (11 Sep 2018)

Philip Hammond: To support British households, the Government have frozen fuel duty for eight successive years. By April 2019, these freezes will have saved the average car driver £850 compared with the pre-2010 escalator, and the average van driver over £2,100, but it is important that we remember the other side of this coin. The fuel duty freezes since 2011 have meant that the Exchequer has...

Oral Answers to Questions — Treasury: Fuel Duty (11 Sep 2018)

Philip Hammond: The analysis that my right hon. Friend refers to is from 2014, and obviously that analysis would have to be looked at again in the context of the economy today. I do understand that the way the rise in oil prices has had feed-through to the pump represents a real pressure for motorists, and we will take it into account.

Oral Answers to Questions — Treasury: Fuel Duty (11 Sep 2018)

Philip Hammond: I don’t know about forever, but it has gone on for eight years, as I have just explained to the House. The hon. Gentleman is right: the car fleet has to electrify if we are going to meet our carbon emissions targets. We set up a £400 million fund in the last Budget to support the roll-out of electric charging infrastructure, which is clearly critical for us to meet those targets.

Oral Answers to Questions — Treasury: Fuel Duty (11 Sep 2018)

Philip Hammond: Of course. We have sought, despite the very difficult fiscal circumstances, to address drivers of cost for households, for example by freezing fuel duty and alcohol duty. On the other side of the equation, we have reduced the tax that people are paying on their wages and raijsed the earning of those on the lowest wages by introducing and then increasing the national living wage.

Oral Answers to Questions — Treasury: Fuel Duty (11 Sep 2018)

Philip Hammond: Many people are dependent on vehicles for everyday living and for work. As I have already said, we understand the pressure that higher oil prices and their feed-through to the pumps presents for individual consumers. We take all such matters into account when setting future policy.

Oral Answers to Questions — Treasury: Wage Levels (11 Sep 2018)

Philip Hammond: Today’s data show regular wages growing at the fastest rate for three years. The Office for Budget Responsibility forecast that wages will continue to grow, reaching 3.5% by 2021, while consumer prices index inflation will continue to fall, reaching the target of 2% by the end of this year. That is welcome news for everybody. Nevertheless, the Government recognise the pressure on...

Oral Answers to Questions — Treasury: Wage Levels (11 Sep 2018)

Philip Hammond: I have already acknowledged the pressure that the high street is under, and it is certainly something that the Government are extremely concerned about. I do not think that we can hold back the tide of changing consumer behaviour, but it is certainly right that we seek to facilitate high streets as they evolve. I remember, when I came into this House 21 years ago, that there was a similar...

Oral Answers to Questions — Treasury: Wage Levels (11 Sep 2018)

Philip Hammond: The hon. Gentleman needs to look a little deeper. The real answer to low wages is improving productivity. The challenge for this Government—for any Government in this country—is to work with industry, trade unions and training institutions to ensure that we address our productivity challenge. That means investment in infrastructure and skills, support for businesses to improve...

Oral Answers to Questions — Treasury: Wage Levels (11 Sep 2018)

Philip Hammond: I know that he does have such views, Mr Speaker. As my right hon. Friend asked—and I know that her Committee questioned the Governor on this subject last week—I can now announce to the House that I have been discussing with the Governor his ability to serve a little longer in post in order to ensure continuity through what could be quite a turbulent period for our economy in the...

Oral Answers to Questions — Treasury: Wage Levels (11 Sep 2018)

Philip Hammond: Yes, thanks to this Government’s introduction of the national living wage.

Oral Answers to Questions — Treasury: Topical Questions (11 Sep 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. This Government will continue to take a balanced approach to the public finances that enables us to give...

Oral Answers to Questions — Treasury: Topical Questions (11 Sep 2018)

Philip Hammond: I think it comes back to the same point: it depends if my hon. Friend is buying.

Oral Answers to Questions — Treasury: Topical Questions (11 Sep 2018)

Philip Hammond: There is no ambiguity at all about the Government’s objective. They want to strike a deal with the European Union based on the White Paper that we have published, which we believe will be good for Britain and good for the European Union. We are devoting all our efforts over the coming weeks and months to securing that deal and protecting the British economy.

Oral Answers to Questions — Treasury: Topical Questions (11 Sep 2018)

Philip Hammond: First, I would love to know what it actually said on the right hon. Gentleman’s bit of paper. Let me be very clear to him. I, the Prime Minister and all members of the Cabinet are committed to achieving a deal that protects British jobs, British businesses and British prosperity going forward. That is what we are committed to. He is absolutely right that time is running out. We are...


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