Results 81–100 of 11963 for speaker:Philip Hammond

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...

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...


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