Results 41–60 of 12270 for speaker:Philip Hammond

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...

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

Philip Hammond: I assure the right hon. Gentleman that I will be setting out for my colleagues, in the privacy of our Cabinet meeting on Friday, the Treasury’s assessment—indeed, the cross-Whitehall economic group’s assessment—of the implications of potential routes forward. However, as the Prime Minister has said, we cannot give a running commentary in public on a matter about which...

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

Philip Hammond: My right hon. Friend asks about Parliament’s role in dealing with the onshoring of a very large number of financial services regulations. Some of them will be dealt with through a parliamentary process, but other areas of financial services regulation are dealt with by the independent regulators—the Financial Conduct Authority and the Bank of England. I will write to her and give...

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

Philip Hammond: Indeed, Mr Speaker. What I will say is that we have spent the last eight years cleaning up the mess that was left behind for us by the last Labour Government and trying to mitigate its impacts on ordinary families up and down this country. It is the same whenever Labour gets into power: it is always ordinary people and the most vulnerable in society who suffer the most, and it is always the...

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

Philip Hammond: That consultation was announced by the Secretary of State for Housing, Communities and Local Government. I am acutely conscious of the risks that my right hon. Friend sets out. I assure him that I have looked very carefully at the wording of the consultation and I am confident that we will not fall into the trap that he suggests. We are looking at making a three-year term the default option...

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

Philip Hammond: We did not announce any reckless tax cuts in the manifesto last year. The Prime Minister made it very clear in her announcement about NHS funding that we will continue to deliver on our fiscal rules, and we will continue to ensure that debt falls. I will make announcements at future fiscal events explaining exactly how we will do that.

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

Philip Hammond: I assure the hon. Lady that on Friday, as I have done consistently for the past two years, I will argue for a future relationship with the European Union that protects our important supply chains, protects British jobs and protects British business.

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

Philip Hammond: Yes, Mr Speaker, I will. I can tell my hon. Friend that we have established a European working group between the Bank of England and the European Central Bank to look at questions of contract continuity and other threats to financial stability over the period when we leave at the end of March. That will be looking at insurance contracts, and it will also be looking at the very large number of...

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

Philip Hammond: That is the answer, Mr Speaker. There will be a spending review next year, when we will look at the overall spending envelope and the Government’s priorities across the entire range of public spending.

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

Philip Hammond: I am afraid that I have to remind the hon. Gentleman that 86% of all PFI contracts currently in place in the NHS, draining money out of NHS trusts, were put in place by the previous Labour Government.

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

Philip Hammond: When I have the money in the bank, I will invite them around for a glass of champagne.


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