Results 81–100 of 11927 for speaker:Philip Hammond

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

Philip Hammond: I hear the hon. Gentleman’s concern and I am absolutely sure that the vast majority of our constituents would agree with his suggestion that we seek to maintain cost-effective access for UK phone users whenever they are roaming within the EU. I think that will be an issue for this Parliament post-Brexit unless we choose, in the course of the exit negotiations, to reach a reciprocal...

Oral Answers to Questions — Treasury: Economic Growth Outside London/South-East (18 Apr 2017)

Philip Hammond: The Government are supporting economic growth across the whole country as a key part of our productivity agenda by investing in infrastructure and skills, and by developing our industrial strategy. At the autumn statement, I launched our northern powerhouse strategy and earlier this year set out our midlands engine strategy. We recently allocated a further £1.8 billion from the local...

Oral Answers to Questions — Treasury: Economic Growth Outside London/South-East (18 Apr 2017)

Philip Hammond: My hon. Friend has made the case for free ports, and the Government have heard that case very clearly. We will consider all options that have the potential to support our ambition to see Britain as a great global trading nation, but before making any decisions we shall need to consider carefully not only the advantages that free ports can deliver, but the costs and potential risks associated...

Oral Answers to Questions — Treasury: Economic Growth Outside London/South-East (18 Apr 2017)

Philip Hammond: Of course we want there to be a viable branch banking network across the country, but we must recognise that the nature of banking is changing. More and more of us are using online digital banking, and that is bound to be reflected in the configuration of the branch networks that the banks operate.

Oral Answers to Questions — Treasury: Economic Growth Outside London/South-East (18 Apr 2017)

Philip Hammond: I am sure you are delighted, Mr Speaker, that my hon. Friend has lighted on the key role of Buckinghamshire as a bridge between the north, the south, the east, the west and every other part of the country. I should be happy to receive, and I confidently predict that I will receive, my hon. Friend’s detailed submission on the case for greater infrastructure investment in Buckinghamshire.

Oral Answers to Questions — Treasury: Economic Growth Outside London/South-East (18 Apr 2017)

Philip Hammond: As the article 50 notice letter set out very clearly, the Government are seeking to negotiate a deep and special partnership with the European Union, at the heart of which will be a comprehensive free trade agreement covering goods, services and networks. That will allow us to continue to work closely with the European Union after leaving the organisation. The Government do carry out detailed...

Oral Answers to Questions — Treasury: Economic Growth Outside London/South-East (18 Apr 2017)

Philip Hammond: My hon. Friend has made an important suggestion, and I will undertake to look at it carefully. No doubt an exercise will take place over the next few weeks that will involve our thinking about what commitments we want to make for the future, and I will take his question as a representation.

Oral Answers to Questions — Treasury: Economic Growth Outside London/South-East (18 Apr 2017)

Philip Hammond: I do not recognise the picture that the hon. Gentleman paints of my position. I have stood at this Dispatch Box on countless occasions and lamented the fact that Britain has a poor productivity record—worse than Germany’s, and worse than those of the United States, France and Italy—but simply lamenting that fact is not enough. What we must do is put together a plan for...

Oral Answers to Questions — Treasury: Economic Growth Outside London/South-East (18 Apr 2017)

Philip Hammond: If the right hon. Gentleman checks the records, he will discover that this problem has existed for 40 years. It would be better if we tried to tackle this challenge in a spirit of bipartisan recognition and if we both recognised that there is a real problem that we have to tackle by investment in infrastructure, by investment in skills and by actions to spread growth and prosperity across the...

Oral Answers to Questions — Treasury: Economic Growth Outside London/South-East (18 Apr 2017)

Philip Hammond: I am not going to take any lectures from the hon. Gentleman on regional awareness, but perhaps he should speak to the Mayor of London, who has a view on infrastructure investment and what should drive it. The Government are clear that we need to spread infrastructure investment around the country in a way that will tackle the productivity challenge. One of the ways we will tackle it is by...

Oral Answers to Questions — Treasury: Exiting the EU: Public Finances (18 Apr 2017)

Philip Hammond: We’ll see how lucky, Mr Speaker. The Government have undertaken a significant amount of work to assess the economic and fiscal impacts of leaving the EU, and they continue to carry out that work. This is part of a continuing programme of analytical work covering a range of possible exit scenarios, including sectoral analysis, but I have to say to the House that we are seeking the best...

Oral Answers to Questions — Treasury: Exiting the EU: Public Finances (18 Apr 2017)

Philip Hammond: In terms of the effect on the public finances, the decision that the Prime Minister made today is very much in the national interest, to strengthen her hand as she goes into the negotiation with the European Union, to provide a clear mandate for the type of exit that she set out in the letter she wrote to President Tusk two and a half weeks ago, and to ensure that the UK can negotiate its...

Oral Answers to Questions — Treasury: Exiting the EU: Public Finances (18 Apr 2017)

Philip Hammond: As we have said on many previous occasions from this Dispatch Box, we recognise that alternative arrangements will have to be put in place. We will no longer be making large subscriptions—payments—into the European Union, but on the other side of the equation we will no longer be receiving some of the funding that we have been receiving for many years, including the structural...

Oral Answers to Questions — Treasury: Exiting the EU: Public Finances (18 Apr 2017)

Philip Hammond: Any Chancellor would always welcome any net tens of billions of pounds, or even any net billions of pounds, from pretty much any source whatsoever. In terms of the numbers bandied around in Brussels relating to the so-called exit charge, we should recognise them for what they are: an opening gambit in what will be a long and complicated negotiation—nothing more, nothing less.

Oral Answers to Questions — Treasury: Exiting the EU: Public Finances (18 Apr 2017)

Philip Hammond: The only way of delivering strong public finances is through a strong economy, with sensible and balanced regulation. We have a very large financial services sector in this country, which is a very important contributor to our fiscal balances, and its success depends on us getting that regulatory equation exactly right: too much regulation and we would drive away industry from London; too...

Oral Answers to Questions — Treasury: Exiting the EU: Public Finances (18 Apr 2017)

Philip Hammond: I am not sure what the worst case scenario that the hon. Lady is talking about relates to. We have heard various figures bandied around in Brussels in terms of an exit charge. The work that the Government have been doing—which I was asked about earlier—relates to the economic and fiscal impact of different possible exit scenarios. The numbers being bandied around in Brussels are...

Oral Answers to Questions — Treasury: Exiting the EU: Public Finances (18 Apr 2017)

Philip Hammond: Yes; the negotiating strategy and the objectives that we have set out in the article 50 letter would create an environment in which the financial services industry in the UK would be able, by and large, to continue the levels of commercial activity that currently take place with the European Union 27. But of course that will depend on negotiating the right arrangements with the European...

Oral Answers to Questions — Treasury: Exiting the EU: Public Finances (18 Apr 2017)

Philip Hammond: On the hon. Gentleman’s last question, the location of the European Union’s agencies is clearly a matter for the European Union. We cannot credibly seek to leave the European Union and at the same time dictate to it where it should locate its agencies. On the initial items on his list, it will indeed be the UK Government’s objective, as we go into the negotiations, to...

Oral Answers to Questions — Treasury: Exiting the EU: Public Finances (18 Apr 2017)

Philip Hammond: I have never said that I was not concerned about the exchange rate. I have said that the Government do not take a view on what the appropriate exchange rate should be; that is very much a matter for the markets to determine. I am sure that the hon. Gentleman will have been delighted to note that my right hon. Friend the Prime Minister’s statement this morning has sent sterling up in the...

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

Philip Hammond: My priority is to ensure that the economy remains stable and resilient as we conduct our negotiations with the European Union. That means building upon this Government’s achievements in reducing the deficit by two thirds and getting unemployment down to the lowest rate since the 1970s, while tackling the long-term challenges of productivity enhancement and making steady progress towards...


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