Results 181–200 of 12241 for speaker:Philip Hammond

Oral Answers to Questions — Treasury: Major Infrastructure Investment (27 Feb 2018)

Philip Hammond: My right hon. Friend is a great champion of infrastructure in Essex, and I share her wish to create a more dependable railway with an increased focus on punctuality and reliability, which is why the Government are pursuing the biggest rail investment programme since Victorian times. Under the Greater Anglia franchise, there is a commitment to deliver more services and faster journey times,...

Oral Answers to Questions — Treasury: Major Infrastructure Investment (27 Feb 2018)

Philip Hammond: My hon. Friend is right to observe that we cannot build the homes this country needs without infrastructure. Often, the push-back from local communities against the idea of accommodating greater numbers of homes is caused by the fear that infrastructure will not keep pace. The autumn Budget 2017 more than doubled the housing infrastructure fund, taking it to a total of £5 billion. On 1...

Oral Answers to Questions — Treasury: Major Infrastructure Investment (27 Feb 2018)

Philip Hammond: My constituency has also been affected by flooding, and some of the responses are major engineering projects that take time to develop. The Department for Environment, Food and Rural Affairs and the Environment Agency have funding for flood relief projects, but those developments have to be prioritised and worked up into proper business cases. I will look at the specific case the hon. Lady...

Oral Answers to Questions — Treasury: Major Infrastructure Investment (27 Feb 2018)

Philip Hammond: I imagine that the right hon. Gentleman is referring to the Swansea Bay tidal lagoon project which, as he knows, is under consideration by the Government. An announcement will be made in due course.

Oral Answers to Questions — Treasury: Major Infrastructure Investment (27 Feb 2018)

Philip Hammond: I just do not recognise or agree with the hon. Gentleman’s figures. The Infrastructure and Projects Authority’s analysis shows that infrastructure investment per capita in the north is actually higher than in the south-east.

Oral Answers to Questions — Treasury: Major Infrastructure Investment (27 Feb 2018)

Philip Hammond: The Government are committed to the northern powerhouse project and recognise that that has to be supported through infrastructure investment. We are looking at northern powerhouse infrastructure investment projects on a case-by-case basis, and we will continue to support the development of the northern powerhouse.

Oral Answers to Questions — Treasury: EU Exit Analysis (27 Feb 2018)

Philip Hammond: The cross-Whitehall analysis referred to is provisional internal analysis—it is part of a broad, ongoing programme of analysis—and further work is in train. The analysis has been developed as a tool to inform Ministers on the European Union Exit and Trade Committee and its Sub-Committees about the choices that must be made as negotiations progress.

Oral Answers to Questions — Treasury: EU Exit Analysis (27 Feb 2018)

Philip Hammond: The Government intend to maintain the greatest possible access for British businesses to European Union markets. The hon. Lady is right that we should approach this on the basis of evidence. We should look for evidence of the value of our trade flows with Europe and what jobs they generate in the UK, and we should look objectively at the opportunities that arise with third-country trade deals...

Oral Answers to Questions — Treasury: EU Exit Analysis (27 Feb 2018)

Philip Hammond: As the hon. Lady knows, the analysis to which she refers is based on standardised, off-the-shelf trade models. The Government are seeking a bespoke deal with the European Union to deliver a deep economic partnership, which would have a completely different set of outcomes. That remains our objective.

Oral Answers to Questions — Treasury: Leaving the EU (27 Feb 2018)

Philip Hammond: Membership of the European economic area would require free movement of people with the rest of the European Union, and the UK Government have been clear that the free movement of people cannot continue as it does now. We are seeking a bespoke, comprehensive and ambitious economic partnership in the mutual interests of the UK and the EU.

Oral Answers to Questions — Treasury: Leaving the EU (27 Feb 2018)

Philip Hammond: As I said in answer to a previous question, the figures to which my hon. Friend refers are based on standardised trade models, not the bespoke deal that we are seeking to achieve. She asks what steps I am taking to protect her constituents’ interests. I am supporting my colleagues in seeking to negotiate an ambitious economic partnership with the EU that delivers the maximum possible...

Oral Answers to Questions — Treasury: Leaving the EU (27 Feb 2018)

Philip Hammond: The hon. Lady is absolutely right that the creative industries are one of Britain’s great success stories. More broadly, our services sector is our strategic strength in many respects. As we negotiate our future relationship with the European Union, we have to ensure that we protect not only the market in goods, but the market in services, where Britain has such significant comparative...

Oral Answers to Questions — Treasury: Topical Questions (27 Feb 2018)

Philip Hammond: My principal responsibility is to ensure economic stability and the continued prosperity of the British people, and I will do so by building on the plans set out in the autumn Budget. This Government are determined to meet the important challenges we face and to seize the opportunities ahead as we create an economy fit for the future. Our balanced approach to the public finances enables us to...

Oral Answers to Questions — Treasury: Topical Questions (27 Feb 2018)

Philip Hammond: My right hon. Friend is nothing if not persistent and consistent. I cannot remember how many times he has raised this issue. There have been numerous requests for new VAT reliefs since the referendum, some of which are currently not permitted under EU law. We have calculated that if we were to grant all the VAT relief requests that we have received, that would come to more than £38...

Oral Answers to Questions — Treasury: Topical Questions (27 Feb 2018)

Philip Hammond: The Government are continuing with detailed preparations for all possible March 2019 scenarios, including ensuring that Departments have adequate resources to prepare effectively for EU exit. To date, the Treasury has allocated to Departments nearly £700 million for preparation activity, and we are currently in the process of allocating the 2018-19 funding from the additional £3...

Oral Answers to Questions — Treasury: Topical Questions (27 Feb 2018)

Philip Hammond: Strictly, this is an issue for my right hon. Friend the Transport Secretary, and he is looking at how to improve productivity in the railway and how to ensure that every pound we invest in the railway delivers the maximum possible benefit to railway users. He will make further announcements in due course.

Oral Answers to Questions — Treasury: Topical Questions (27 Feb 2018)

Philip Hammond: I am sure that when I go home and reflect on it, the deep meaning of that question will become clear to me. What I will say to the hon. Lady is that if we look at how goods and services flow freely between different parts of our own economy, and indeed between different parts of the United Kingdom, we see at once the huge benefit that it brings to have frictionless borders as we move our...

Oral Answers to Questions — Treasury: Topical Questions (27 Feb 2018)

Philip Hammond: Yes. We have had two quarters of good productivity data, but we should recognise that the productivity challenge we face is long term. The Government have taken a range of measures to address it and we will watch the evolution of the data very carefully, but there is certainly absolutely no scope for any complacency about the scale of the challenge we face, and we are determined to rise to it.

Oral Answers to Questions — Treasury: Topical Questions (27 Feb 2018)

Philip Hammond: We are clear that a future comprehensive trade partnership with the European Union must include goods as well as services. A deal can only be done if it is fair to both sides, and because of the shape of the UK economy it would be very difficult to see how any deal could be fair if it did not include services. We have heard it asserted that it is impossible for services to be part of a trade...

Oral Answers to Questions — Treasury: Topical Questions (27 Feb 2018)

Philip Hammond: We will continue to seek to simplify the tax system, although I have to say that my personal observation is that whenever there is a proposal to simplify, those who benefit from complexities quickly speak up. They are not always people on high incomes; they are often people on lower incomes. We shall continue to try to simplify the system in a way that is fair and appropriate for all.


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