Results 41–60 of 11927 for speaker:Philip Hammond

Economy and Jobs (29 Jun 2017)

Philip Hammond: I will in just a moment. Then there is the nationalisation programme. Let me explain these plans, Madam Deputy Speaker, because they are important. The Labour party wants to nationalise gas and electricity, water and Royal Mail. They would borrow a fortune to do it, and it would deliver no economic benefit whatsoever. First, a Labour Government would have to buy up the shares of publicly...

Economy and Jobs (29 Jun 2017)

Philip Hammond: So the proposition is this: would I entrust an asset to the right hon. Gentleman? Would I lend him the money to buy that asset, on the assumption that he would be able to produce an economic return by operating it? Let me ponder on that one, Madam Deputy Speaker.

Economy and Jobs (29 Jun 2017)

Philip Hammond: Let us test that proposition. When these industries were last in public ownership, who were they managed by? They were managed by intervening, interfering politicians and their buddies in the trade unions.

Economy and Jobs (29 Jun 2017)

Philip Hammond: That takes me slightly away from my line of attack, but I know that the issue is of great importance to Members on both sides of the House, and that my colleagues on the Treasury Bench have been seeking a solution. I understand that my right hon. Friend the Minister for Women and Equalities either has made or is about to make an announcement in the form of a letter to Members explaining that...

Economy and Jobs (29 Jun 2017)

Philip Hammond: That was a very neat move by the right hon. Gentleman. I cannot resist giving way to him.

Economy and Jobs (29 Jun 2017)

Philip Hammond: I think that there is a genuine misunderstanding in some of the debate. When we leave the European Union, we will leave the single market and the customs union. That is not a matter of choice, but a matter of legal necessity. The question is not whether we would be in the single market or in the customs union; the question is what kind of arrangements we could negotiate as part of a close...

Economy and Jobs (29 Jun 2017)

Philip Hammond: The hon. Member for Livingston (Hannah Bardell) was first, so I will give way to her.

Economy and Jobs (29 Jun 2017)

Philip Hammond: I will come back to the hon. Lady on the subject of her point of order, and to the hon. Member for Glasgow South West (Chris Stephens). My understanding is that an issue arose during purdah which involved the risk of immediate financial loss to HMRC, and that under the purdah rules it was able to engage in a negotiation to try to prevent that loss to the public purse. I will, however, write...

Economy and Jobs (29 Jun 2017)

Philip Hammond: Let me just finish answering the hon. Lady’s question. I wake up every morning and read the newspapers—[Interruption.] Don’t count your chickens. Let me say to the hon. Lady that I do not always recognise the debate that is raging in the media as an accurate characterisation of what is really going on. The media are desperate to create conflict where there is not...

Economy and Jobs (29 Jun 2017)

Philip Hammond: I will give way to the hon. Member for Ilford North (Wes Streeting), and then I must make some progress.

Economy and Jobs (29 Jun 2017)

Philip Hammond: No, I do not agree with that. I think it is perfectly clear that it should be possible to negotiate an agreement with the European Union that provides for mutual, reciprocal access to each other’s marketplaces, and for frictionless arrangements for goods crossing the borders. That would not be membership of the single market or membership of the customs union, for all sorts of legal...

Economy and Jobs (29 Jun 2017)

Philip Hammond: I will give way one more time, to the hon. Member for Na h-Eileanan an Iar (Angus Brendan MacNeil)—and then I will give way to a couple of my hon. Friends.

Economy and Jobs (29 Jun 2017)

Philip Hammond: I have just explained to the House—and I am sure that the hon. Gentleman heard—that it would not be legally possible for us to leave the EU and stay in the single market. It is simply not an option.

Economy and Jobs (29 Jun 2017)

Philip Hammond: I am happy to give way to my hon. Friend the Member for Horsham (Jeremy Quin).

Economy and Jobs (29 Jun 2017)

Philip Hammond: Thank you, Madam Deputy Speaker. I give way to my hon. Friend the Member for Horsham.

Economy and Jobs (29 Jun 2017)

Philip Hammond: My hon. Friend makes an important point. The shadow Chancellor often talks about borrowing costs being low and about this being an ideal time to borrow more, but if he ever got his hands anywhere near the levers of power, with his programme of massively increased borrowing, we would soon see our debt interest costs soaring. That would mean yet more of our hard-earned taxpayers’ money...

Economy and Jobs (29 Jun 2017)

Philip Hammond: No; it is because I am about to come to it. The shadow Chancellor talked about his programme, and I wanted to make the simple point that, for all the rhetoric about somebody else paying, it is always the same with a Labour Government: it is always ordinary working people who pay, through higher taxes, higher prices and fewer jobs.

Economy and Jobs (29 Jun 2017)

Philip Hammond: I am going to make a little progress. The truth is that the shadow Chancellor sees failure everywhere, while I see a fundamentally robust economy rebuilt from the ruins of Labour’s great recession. It is an economy that now needs to navigate successful transition out of the EU and into a deep and special partnership with our EU neighbours, and to realise the great potential of a...

Economy and Jobs (29 Jun 2017)

Philip Hammond: I am always happy to go to Southend, but the story that my hon. Friend tells is being repeated up and down the country in constituencies represented by Members on both sides of the House. The shadow Chancellor complains that growth has not benefited the less well-off. That was at the core of his argument today, but he is wrong. The basic state pension is up by £1,250 a year. Under a...

Economy and Jobs (29 Jun 2017)

Philip Hammond: I say to the hon. Lady: please read the letter that my right hon. Friend the Minister for Women and Equalities has sent out. We will be giving additional funding to her Department so that she can make a grant to the external organisations that will provide those services. I think that the hon. Lady will be satisfied when she has read the letter and understood the details. If she is not, I...


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