Results 12021–12040 of 12177 for speaker:Philip Hammond

Orders of the Day — Finance (No. 2) Bill: Special Regard to Trading Patterns of the Retail Industry (30 Jun 1998)

Philip Hammond: My hon. Friend cannot know this and will be disappointed to hear it, but the hon. Member for Croydon, Central (Mr. Davies), who made that intervention—he is not in his place—is one of the few Labour Members who claim to have real experience in business. Is it not utterly depressing that he displayed such a lack of understanding?

Orders of the Day — Finance (No. 2) Bill: Special Regard to Trading Patterns of the Retail Industry (30 Jun 1998)

Philip Hammond: I shall add some brief comments to those of my hon. Friends. [HON. MEMBERS: "Hear, hear."] I see that I have managed to introduce a note of consensus into the debate, as my announcement meets the approval of Government Members. Whatever the Government say, the changes to the corporation tax system are revenue-driven. The Government talk about modernising the system, but it is clear that that...

Orders of the Day — Finance (No. 2) Bill: Special Regard to Trading Patterns of the Retail Industry (30 Jun 1998)

Philip Hammond: Is the Paymaster General, then, giving the House a commitment now that those regulations, when they are finalised, will include special provisions for retailers with highly seasonal patterns of profitability?

Orders of the Day — Finance (No. 2) Bill: Definition of National Debt (30 Jun 1998)

Philip Hammond: Does my hon. Friend agree that the hon. Member for Croydon, Central (Mr. Davies) fails to see that almost all borrowing by public bodies could be replaced by private sector borrowing with the backing of a Government guarantee? Therefore, his position is ludicrous. The Government could wipe hundreds of millions of pounds off the PSBR at a stroke. That is why guarantees and borrowing are...

Orders of the Day — Finance (No. 2) Bill: Repayment of Dividend Tax Credit to Non-Taxpayers (30 Jun 1998)

Philip Hammond: My hon. Friend may be interested to know that some members of the Standing Committee are still waiting for letters that the Paymaster General promised to write to them during the Committee stage.

Orders of the Day — Finance (No. 2) Bill: Special Regard to Trading Patterns of the Retail Industry (30 Jun 1998)

Philip Hammond: Does my right hon. Friend agree that the Government may have hoped that those who were bearing the tax might not notice that they were bearing it? It was a back-door tax which many pensioners did not appreciate they were paying until Conservative Members drew their attention to it.

Orders of the Day — Finance (No. 2) Bill: Special Regard to Trading Patterns of the Retail Industry (30 Jun 1998)

Philip Hammond: Are not the Government engaged in utterly cynical manipulation? They are bringing forward in a one-off shift tax revenues that would have been enjoyed later so that they can spend them during the period of this Government and, hopefully from their point of view, buy their way back into power at the next general election?

Orders of the Day — Finance (No. 2) Bill: Repayment of Dividend Tax Credit to Non-Taxpayers (30 Jun 1998)

Philip Hammond: I add my congratulations to my hon. Friend the Member for Bognor Regis and Littlehampton (Mr. Gibb) and to Age Concern on raising public awareness of this issue. It will affect large numbers of relatively poor pensioners from next April, and many of them were not aware of it until the press coverage that accompanied my hon. Friend's campaign in Committee. The Paymaster General was clearly...

Orders of the Day — Finance (No. 2) Bill: Repayment of Dividend Tax Credit to Non-Taxpayers (30 Jun 1998)

Philip Hammond: The point that my hon. Friends and I would like to emphasise is that the measure discriminates against the poorest members of our society. In Committee, Labour Members, failing to understand the concerns raised by Conservative Members, attempted to paint this as some kind of fat-cats charter, but, by definition, the measure affects only those who are too poor to pay income tax. I cannot...

Oral Answers to Questions — Health: National Institute for Clinical Excellence (30 Jun 1998)

Philip Hammond: The Conservative party welcomes the pursuit of clinical excellence, but the Secretary of State has said that the function of the national institute for clinical excellence will be to give a strong lead on clinical and cost effectiveness. Is it not inevitable that NICE will become part of the rationing mechanism, ruling out the use of certain drugs, treatments and procedures within the NHS?...

Oral Answers to Questions — Wales: Hospital Waiting Lists (24 Jun 1998)

Philip Hammond: When he expects hospital waiting lists in Wales to start falling; and when he expects them to fall to the level of 1 May 1997. [45904]

Oral Answers to Questions — Wales: Hospital Waiting Lists (24 Jun 1998)

Philip Hammond: That would be fine if the Government's early pledge had been only to allow waiting lists to continue to rise for two years. However, I accept what the Minister tells us, and I am grateful for it. If he fails to deliver on the pledge to reduce waiting lists to the May 1997 level by the end of April 1999, who will be responsible? Will he follow the lead of his right hon. Friend the Secretary of...

Small Businesses (19 Jun 1998)

Philip Hammond: Any discussion on the Government's policies on small business must analyse the gap between rhetoric and reality. As in the sectors of health care, education and the environment, in opposition the Labour party said on small business what it thought the people wanted to hear. Time and again, we hear from the Government the language of support for small business, but that language is betrayed by...

Small Businesses (19 Jun 1998)

Philip Hammond: I shall return to that point in a moment. The scenario that I have outlined will take effect after 10 years. In the interim period, the position is even worse, because the Government, while phasing out retirement relief over five years, have decided to phase in over 10 years the taper relief that replaces it. Entrepreneurs who are now in their late 50s or early 60s who are expecting to...

Small Businesses (19 Jun 1998)

Philip Hammond: I am giving way to the hon. Member for South Thanet.

Small Businesses (19 Jun 1998)

Philip Hammond: I apologise.

Small Businesses (19 Jun 1998)

Philip Hammond: Unfortunately, the hon. Gentleman does not have a good grasp of our taxation system. If the business in question is a company, corporation tax is paid on the profits. If the business is a sole tradership or a partnership, income tax is paid on the profits. Whether the money is taken out or reinvested in the business, income tax or corporation tax has already been paid on it. I am coming to a...

Small Businesses (19 Jun 1998)

Philip Hammond: The hon. Gentleman has told us a great deal about his views and the views of his party on the structures, the support mechanisms, the quangos and the committees that should encourage and help people to set up in small business. Has he anything to say about the burdens that the Government have been piling on to small business—the minimum wage, the social chapter, interest rates and the...

Small Businesses (19 Jun 1998)

Philip Hammond: Does the hon. Lady recall that, before the general election, the Labour transport spokesman described the previous Government's plans to widen the M25 in my constituency as lunacy and madness? Does she think it surprising that, 14 months on, the Government have been unable to reach a decision on whether to go ahead with that scheme or drop it?

Small Businesses (19 Jun 1998)

Philip Hammond: Does the hon. Lady happen to have the figures for the number of small businesses that were created per minute during that same premiership?


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