Results 61–80 of 11927 for speaker:Philip Hammond

Economy and Jobs (29 Jun 2017)

Philip Hammond: My hon. Friend makes a good point. The shadow Chancellor likes to talk about tax avoidance, but the Labour Government did nothing to deal with it—[Interruption.] Well, let me phrase it differently for the right hon. Member for East Ham (Stephen Timms), who takes offence at that. He was a member of that Government, and they left £150 billion on the table. That is how much we have...

Economy and Jobs (29 Jun 2017)

Philip Hammond: Let me do the maths. Hmm, it would be £1.5 trillion that they raise. Perhaps one of my hon. Friends will check down the back of the Treasury Bench in case the previous Chancellor hid that away down there. As usual, the right hon. Gentleman is talking absolute nonsense.

Economy and Jobs (29 Jun 2017)

Philip Hammond: I want to make a little progress, but I will give way in a moment. I have set out our record, but the British people did not get where they are today by admiring their achievements. We have work to do: we have to negotiate our future relationship with the EU; we have to enhance our global competitiveness through raising our productivity; we have to rise to the challenge of sustaining our...

Economy and Jobs (29 Jun 2017)

Philip Hammond: As I have already said, if it were ever to look like the shadow Chancellor was anywhere near having his hand on the lever of power, I suspect that his programme, given what we know about his values and principles around the management of the economy, would lead to a pretty sharp rise in interest rates. We must continue the job of getting our public finances back in order, over a sensible...

Economy and Jobs (29 Jun 2017)

Philip Hammond: The hon. Gentleman is wrong. Last year, the British economy was the second-fastest growing in the G7 after Germany. In the year before that, our economy was the second-fasting growing after the United States.

Economy and Jobs (29 Jun 2017)

Philip Hammond: Well, we are only one quarter into this year. I do not want to get techy, but the first quarter data is always subject to the largest revision, so let us wait and see. The OBR maintains its forecast for economic growth of 2% this year.

Economy and Jobs (29 Jun 2017)

Philip Hammond: I will give way to my hon. Friend the Member for Brentwood and Ongar (Alex Burghart) and then to my hon. Friend the Member for Dover (Charlie Elphicke). I will then make a bit of progress.

Economy and Jobs (29 Jun 2017)

Philip Hammond: As I have already said, it is clear that reducing the corporation tax rate has led to a flow of investment and the creation of millions of new jobs, which I welcome. That is the way forward for this country, not the obsolete 1970s policies of the Labour party.

Economy and Jobs (29 Jun 2017)

Philip Hammond: My hon. Friend is absolutely right. We do not know what the outcome of our negotiations with the European Union will be, but we have to be prepared for every possible eventuality, particularly at the port of Dover. I hope that when hon. Members across the House look at the great repeal Bill, which will prepare us to deal with whatever situation we find ourselves in in March 2019, they will...

Economy and Jobs (29 Jun 2017)

Philip Hammond: I have given way a great deal and I need to make some progress. Our plan will build an economy that shares prosperity and opportunity across all parts of the United Kingdom. It will do that through a Brexit deal for jobs and prosperity that creates a platform for growth, and by tackling our long-standing weaknesses of underinvestment, inadequate skills and regional disparities. Our national...

Economy and Jobs (29 Jun 2017)

Philip Hammond: Will the right hon. Gentleman just clarify for the House what the standard rate of capital gains tax was under the last Labour Government and what it is now?

Economy and Jobs (29 Jun 2017)

Philip Hammond: Will the right hon. Gentleman just tell the House what the rate was under the last Labour Government and what the basic rate is now?

Written Ministerial Statements — HM Treasury: ECOFIN: 16 June 2017 (26 Jun 2017)

Philip Hammond: A meeting of The Economic and Financial Affairs Council (ECOFIN) was held in Luxembourg, on 16 June 2017. EU Finance Ministers discussed the following items: Early morning session The Eurogroup President briefed ministers on the outcomes of the 15 June meeting of the Eurogroup, where consensus was reached on a short-term solution for Greek debt re-structuring and fiscal targets. Commissioner...

Written Ministerial Statements — HM Treasury: ECOFIN: 23 May 2017 (26 Jun 2017)

Philip Hammond: A meeting of The Economic and Financial Affairs Council (ECOFIN) was held in Brussels on 23 May 2017. EU Finance Ministers discussed the following items: Annual EIB Governors meeting There was a meeting of the EIB Governors preceding ECOFIN. This entailed a speech by the EIB President Werner Hoyer, a Governors discussion and approval of the Audit Report. Early morning session The Eurogroup...

Written Ministerial Statements — HM Treasury: ECOFIN: 7 - 8 April 2017 (25 Apr 2017)

Philip Hammond: An informal meeting of The Economic and Financial Affairs Council (ECOFIN) was held in Valletta, Malta on 7-8 April 2017. EU Finance Ministers discussed the following items: Working Lunch The Eurogroup President briefed Ministers on the outcomes of the 7 April meeting of the Eurogroup. Ministers discussed the challenges and opportunities faced by the Economic and Monetary Union (EMU), on the...

Oral Answers to Questions — Treasury: Digital Infrastructure (18 Apr 2017)

Philip Hammond: The Government are taking action to give the UK the world-beating digital infrastructure that it needs. Broadband across the country has been transformed by the Government-led £1.7 billion superfast programme, extending coverage at 24-plus megabits per second to 95% of UK premises by the end of this year. At autumn statement 2016, we committed over £1 billion more to support the...

Oral Answers to Questions — Treasury: Digital Infrastructure (18 Apr 2017)

Philip Hammond: The Government’s clear intention is to incentivise investment in fibre broadband networks. The Department for Communities and Local Government will shortly publish a consultation on the implementation of this relief, which will set out more detail on how new fibre will be defined, and we look forward to the responses to that consultation.

Oral Answers to Questions — Treasury: Digital Infrastructure (18 Apr 2017)

Philip Hammond: At autumn statement, we announced £23 billion of additional investment in our infrastructure, and key priority areas such as research and development, specifically designed to address the UK’s productivity problem. This investment has to be spread across the whole of the UK economy to make sure that we deliver improved productivity and improved economic growth across the economy as...

Oral Answers to Questions — Treasury: Digital Infrastructure (18 Apr 2017)

Philip Hammond: I cannot speculate on how fast the pigeons are in the hon. Gentleman’s constituency, but I can tell him that all consumers now have a right to 10 megabits broadband. By the end of this year, 95% of properties will have access to 24 megabits broadband. The Government are investing more money to reach the last 5%, the hard-to-reach that are often in rural areas.

Oral Answers to Questions — Treasury: Digital Infrastructure (18 Apr 2017)

Philip Hammond: We have a UK-wide target. We of course welcome any other actions taken on top of that to achieve yet higher levels of broadband penetration. That is a very positive move for the economies of the regions and nations they affect.


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