Live Treasury Questions House of Commons


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Good morning and welcome to BBC Parliament's live coverage of the

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Commons. In an hour's time, Conservative Charles Walker is

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asking a legend question on the Government's response to his

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committee's verdict on membdr's bills. And at 1pm comes the

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long-awaited statement from the Transport Secretary on airport

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expansion in the Celtic of Dngland. Lisbie Heathrow, will it be Gatwick?

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-- south of England. There will be exceptional freedom to crithcise the

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Government policy if it is for expansion of Heathrow. Todax the

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first debate is general deb`te on the Criminal Finances Bill. This

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gives more power to law enforcement agencies to seize the procedds of

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crime and prevent the financing of terrorism. Don't forget to join me

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for a round-up of the day and both houses of parliament at 11pl

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tonight. First, it's questions to Philip Hammond and his team of

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Treasury ministers. Order, order. Questions to the

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Chancellor of the Exchequer. Number one, Mr Speaker. Creating a economy

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which works were all is a kdy priority of this Government. All

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regions are benefiting from the 12 by the impact local growth funds,

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and our industrial strategy will this growth across the UK.

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Devolution deals will get areas the tools they need to make the right

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economic decisions. We're stpporting the Northern Powerhouse and Midlands

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Engine, and investing over ?100 billion in infrastructure over the

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course of this Parliament across the UK.

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I'm encouraged by the chartdred s reply, but there is always the

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feeling in Northern Lincolnshire that we are peripheral from the

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northern para House and there is too much focus on Leeds and Manchester.

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Did the Government is sure ts that we are part of the scheme, `nd that

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regeneration projects in progress, had the chance one of its tdam

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agreed to make a delegation from north Lincolnshire separates you

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those? I can reassure my honourabld friend

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that that is not the case. Northeast Lincolnshire is a much a focus of

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the Government's attention. We have agreed deals with the Humber Local

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Enterprise Partnership, with ?1 0 million. This includes support for a

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regeneration programme for the centre of Cleethorpes, as mx

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honourable friend will know. One of my ministerial team will be very

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happy to meet with him and his council colleagues.

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The floods in Yorkshire including in Leeds last Boxing Day cause

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devastation and many businesses still have not reopened. Wh`t

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conversations as the charts are having with insurance companies who

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have restricted cover, incrdased premiums and put up excesses,

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risking creating a ghost towns in many of our communities and risking

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jobs too? This is a matter on which the

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Minister for the Cabinet Office in Leeds, but I have some understanding

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of the issues as my own constituency were subject to serious flooding in

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2014. I will talk to my right honourable friend, the Minister for

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the Cabinet Office and make him aware of the concerns laid out.

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Can I thank your for allowing not into takeover parliament today? I'm

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sure my right honourable frhend the Chancellor knows the benefits of the

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East Midlands because he usdd to work in Nottingham. I'm surd he also

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believes in the value of infrastructure projects. And I ask

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whether he's minded at all, as it prepares the Autumn Statement, to

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bring Ford HS2, making sure the Midlands hub, and also the `lleged

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location of the East Midlands Main line, all of which will bendfit

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Nottinghamshire? I thank my honourable friend for her

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question, indeed, Nottinghalshire is a part of the country I know well

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and have a great deal of affection for. The Government is completely

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seized of the need for infrastructure investment to support

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for the activity performancd of our economy. My right honourabld friend,

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the Transport Secretary, will be looking at the priority to be

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afforded to specific projects, and will make statements in due course.

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Given that the East Midlands and the West Midlands together could

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generate significant growth for our economy if it got there eyed road,

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rail and skills infrastructtre, will he acknowledge that, given ht is not

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a game in Parliament day-to,day that the Autumn Statement rdally

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should be bringing forward those ambitions in the Midlands Engine?

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The Government is committed to the Midlands Engine, and the honourable

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gentleman is absolutely right that the Midlands conurbation ovdrall has

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a weight of population and dconomic activity that allows it to be a

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rival to the hub of London `nd the South East. As I said to my

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honourable friend a minute `go, announcements about specific

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projects will be made in dud course by the relevant extra in a relevant

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departmental minister. One of the most important w`ys the

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Chancellor could boost economic growth outside of London and this at

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least pays is to energise slall business. I wonder if on th`t basis

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he would consider reviewing the small business enterprise scheme in

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the hope that he might supervise it or we could see a wall of private

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cash invested in small businesses? My friend is right, ensuring the

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right amount of funding in start-up enterprises is key to the ftture of

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our economy. I can assure hhm that all schemes, taxes and other such

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structures will be reviewed in the run-up to the Autumn Statemdnt, and

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I will let him know on Novelber 23 my conclusions.

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Is the Chancellor of Excheqter aware that his predecessor introdtced a

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scheme that was raised upon robbing the Derbyshire County Counchl of

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?155 million in cuts, and then promising to give them less than 20%

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of that money back? No wonddr the people in Bolsover marketpl`ce, they

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don't call it the Northern Powerhouse, it's the Northern

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Powerhouse. I know my right honourable friend

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will be wanting to look at the allocation of funding to local

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authorities, including Derbxshire County Council. As he will know

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there are many powerful advocate for Derbyshire on both sides of this

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House. I wish the honourable gentldman a

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speedy recovery, he can ask his question from his seat.

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Thank you, Mr Speaker. The Chancellor be aware that thd East

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Midlands has a trade surplus with China thanks to manufacturing

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interests in the area. Past chancellors have been keen to

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trumpet business interest in the Northern Powerhouse, would this help

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to turn the Colts in the middle and engine with future visits?

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Indeed, I well, it is an important part in the role of chancellors to

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act as a champion for busindsses in the North and the Midlands. Digest

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draw attention to inward investors like the Chinese, like the Hndians -

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who are of course already hdavily invested in the East Midlands - to

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opportunities exist in the TK beyond London and the South East, which are

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sometimes not so obvious to foreign investors as those that exist in

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London. In order to boost growth outside of

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London and they said these place, there should be a focus on

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manufacturing and its assochated innovation research and devdlopment.

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The UK's record on RND development is lamentable competitor

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competitors. But they Chancdllor take the committee to reverse the

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Autumn Statement and confirl funding for grants and loans?

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We've supported ?22 billion of research and about meant spdnding

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through the tax credit spending examine microsystem. The right

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honourable gentleman is correct the... Aaron Best meant in research

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and is considerably less th`n many of our principal competitors. I can

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promise him we are acutely `ware of this challenge, and I will `ddress

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that challenge the Autumn Statement. I take that as revealed good news

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story some point to come. In order to boost growth we need to take

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export more seriously, incltding to the EU, given our teeth bal`nce has

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gone into reverse over the past two years. -- trade balance. In order to

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reflect that, what efforts hs the Chancellor making to roll ott a hard

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Brexit, with visas, tariff barriers, and enter the customs union - all of

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which the Treasury themselvds say could lead still laws of 66 billion

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of revenue, a reduction... Could possibly lead to the reducthon of

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half a million jobs. I know the SNP doesn't like a good

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news story, and I'm sure thd gentlemen will be able to think of a

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suitable response by Novembdr 2 in case is one on that day. On the

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wider issue of managing Britain s exit from the European Union, the

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Prime Minister has been verx clear, we understand the instructions we

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have received from the Brithsh people, and within our obligation to

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deliver those, we will seek to get the very best deal we can whth the

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European Union that maximisds the amount of trade and goods and

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services between our companhes and the markets of the European Union

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and European companies and the UK market.

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Financial services are one of the sectors most exposed to Brexit, but

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it's not just jobs in the fhnancial sector which area at risk in London,

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it is Edinburgh, Manchester and beyond. The responses so far happy

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incoherence, firms need reassurances they will get compatible access to

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the single market and the ability to maintain EU National work for them.

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With the Chancellor finally bit the end to his Government's chaos and

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promised to deliver both today? He is right to identify fin`ncial

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services as one of the areas particular date concerned about the

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way in which the exit from the European Union is managed, because

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the industry is particularlx dependent upon the passporthng

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resume which is in place. Hd is also right to draw attention to the often

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overlooked fact that 75% financial services jobs are outside London.

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This is an important, UK-wide industry. But on the specifhc point

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that he makes, I certainly have been seeking to reassure financi`l

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services businesses that we will put at their unease at the heart of our

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negotiation with the Europe`n Union. We understand their needs m`rket

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access. We also understand their needs to be able to engage the right

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skilled people. I said on the record and am happy to say again today that

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I do not believe that concerns the British people have expressdd about

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migration from the European Union relate to people with high skills

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and high pay. The problem that people are concerned about hs people

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taking entry-level jobs, and I see no likelihood that we will tse

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powers to control migration into the UK to prevent companies bringing

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highly skilled, highly paid workers hair.

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Mr Speaker, with your permission, if I could answer the question with

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question number four, in negotiating double taxation treaties thd UK

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objective is to reach an agreement that allocates taxing rights on the

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basis acceptable to both cotntries. Restrictive tract treaties hnhibit

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the ability of developing countries to spend money on things like

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schools and education and rdsearch shows along with Italy, the UK has

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the highest number of these, so is the minister willing to work with

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the Department for Internathonal Development to try and change that?

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I would disagree with the honourable gentleman. I think, in fact, the

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double taxation treaties actually help developing countries. They can

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remove uncertainty about thd way businesses might choose to lake

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investment and they can open up the route for fairer and more open

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trade. The majority of the TK double taxation treaties are based on the

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OCD model of taxation prevention and we work closely with countrhes to

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find a mutually acceptable treaty. Can the Minister tell us wh`t plans

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she has to carry out assesslents of the impact that the UK tax treaty

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has on developing countries? And if her department will offer poorer

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countries the opportunity to renegotiate treaties that do not do

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enough to support their devdlopment? As I said before, there is ` rolling

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programme of renegotiation to make sure that treaties reflect lodern

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standards, but more broadly, the UK has a proud record in terms of

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capacity building in this area and we lead international efforts to

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support developing countries in tax capacity building. One example is

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the differential id funds, `nd the OECD providing technical assistance

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to partner countries, so we can be proud of the record. In negotiation

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double tax treaties we are developing -- with developing an

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advanced nations will you look at the transport provisions so we can

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broaden the tax base and stop the likes of Apple, Amazon and Google

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gaining taxes from us. The TK is committed to make sure that UK

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companies pay a fair share of tax in the countries they are oper`ting in.

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In terms of the wider international tax fairness I reiterate th`t the UK

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has taken a very strong stands across the board on a number of

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issues but I'm always happy to speak to my honourable friend abott the

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issue because I know he is very expert and we would welcome his

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views on these issues. The government has taken stdps to

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maintain a world-class business environment that helps UK

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manufacturers thrive and it's why we have cut corporation tax from 2 %

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down to 20% and it will fall further to 17% and why we have supported ?22

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billion of R and D through tax credits, which helps the

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manufacturers to grow as innovative, competitive countries. I welcome the

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response, but what message hs he sending to international

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manufacturing companies with operations in Britain about this

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country's future international competitiveness as we leave the

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European Union? Our message is straightforward. Britain is open for

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business, as the Prime Minister said, and we will continue to be a

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confident, outward looking country. Manufacturing for the long term

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depends on investment, long,term investment. What assessment has the

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Minister made of the impact of us potentially leaving the European

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investment bank, and what progress has there been, and any discussions

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about us maintaining our st`te? In terms of the European investment

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bank, we are in discussions with them. Will he agree with me that

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reducing anti-competitive m`rket distortions is both a great physical

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way to promote manufacturing and to ensure the country's best place for

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new trade deals? -- Best pl`ced I agree that removing distorthons in

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the economy will result in ` more efficient economy and the UK

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Government has a record of doing that by release -- reducing

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corporation tax, for exampld. Apart from lowering corporation t`x in

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Northern Ireland, what other steps will the Chancellor and his

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ministerial team take to incentivise manufacturing in northern -,

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Northern Ireland? I do think in terms of freedom for Northern

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Ireland to set its corporathon tax rate is an important measurd in

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itself and we look forward to further progress on that. Of course,

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there will be in Autumn Statement next month whether government will

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set out its economic policy but as a government, we mentioned corporation

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tax and tax credits that were made more generous, these are all

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measures that have helped manufacturing businesses in Northern

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Ireland and elsewhere. Whild I welcome the ongoing commitmdnt to

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the northern powerhouse and manufacturing in my constittency and

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the department allocated funds for the Hub growth, but does thd

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Minister agree those investlent must seek maximum economic benefht in the

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current proposal will take `n existing pinch point down the road

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if we do not seek the chewing up of the carriageway down the a 64?

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Extremely tangential, so meriting an pithy response. I will look forward

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to examining the case for dtelling that road and the benefit that that

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will provide. Last month thd Chancellor proudly dismissed his

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predecessor's plans to cut corporation tax to 15%, but this

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week however we hear of plans hatched by senior government figures

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to cut corporation tax as low as 10% as part of a so-called Brexht

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nuclear option. This is despite the British Chambers of commercd and the

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Institute of directors stathng that cutting corporation tax would not be

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at the top of their wish list. Can the minister put an end to his

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government's reign of chaos and confirmed today what his long-term

:19:24.:19:28.

position is on corporation tax so that businesses have the st`bility

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they deserve? I'm not sure hf I was a labour frontbencher I would use

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the phrase reign of chaos. But let me just be very clear. The TK

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Government has rightly reduced corporation tax from 28% to 20% and

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we are legislating down to 07%. If there are any further announcements,

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that will be in a fiscal evdnt like the Autumn Statement or budget. I'm

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afraid that the other mental chaos we have seen on corporation tax is

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sadly replicated in terms of investment. The Chancellor promised

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to terror the previous budgdt and develop an industrial stratdgy

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before denying he was plannhng a spending splurge. A recent poll

:20:19.:20:24.

showed that almost two thirds of Britons agreed that the country is

:20:25.:20:27.

not doing enough to meet its infrastructure needs and we on this

:20:28.:20:32.

side agree. Can the Minister and his government 's chaotic record on

:20:33.:20:36.

investment and confirm how luch he plans to invest in infrastrtcture,

:20:37.:20:39.

and on what, and where will he get the money from? Can I just point out

:20:40.:20:46.

on the subject of corporation tax it wasn't that many months ago that on

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one day the Shadow Chancellor condemned the reduction down to 17%

:20:51.:20:53.

whilst the Labour Party comlittee voted for it. Can I also just be

:20:54.:21:01.

clear that in terms of infrastructure it's no good coming

:21:02.:21:06.

forward with incredible plans to spend 500 billion plan -- ?400

:21:07.:21:10.

billion without any idea as to how it will be paid. The Chancellor will

:21:11.:21:14.

make a statement on the 23rd of November in terms of the policy on

:21:15.:21:19.

this, but to have some credhbility the Labour Party really need to

:21:20.:21:20.

change tack. The ?4.4 billion priority school

:21:21.:21:32.

building programme was established to rebuild or refurbish those school

:21:33.:21:35.

buildings in the worst condhtion across the country and the programme

:21:36.:21:39.

second phase was announced hn May 2014 and feasibility studies are

:21:40.:21:43.

being carried out. In addithon we are allocating ?4.2 billion across

:21:44.:21:50.

2015 up to 20 18, two local authorities, Academy trusts and

:21:51.:21:52.

partnerships maintaining thdir schools. I'd like to thank ly right

:21:53.:21:57.

honourable friend for his rdply but one high school in my consthtuency

:21:58.:22:07.

has been top priority for a rebuild. Can I ask my honourable fridnd that

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he looks at this carefully so we can finally give the pupils of the high

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school the school they deserve? I thank the honourable friend for his

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question. I understand his constituents disappointment that the

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school was not successful in its application to the priority building

:22:26.:22:33.

programme. We do need to prhoritise schools in the very worst

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conditions. I understand thd school buildings are receiving invdstment

:22:37.:22:39.

through the local authority and I understand they will have competing

:22:40.:22:43.

priorities for capital resotrces but I'm sure my honourable friend will

:22:44.:22:45.

be continuing to make the c`se for the school. With ?180 million spend

:22:46.:22:54.

it on phase one, will the government be tempted to back fill with

:22:55.:22:59.

second-rate PFI buildings, `nd what role will it have this programme? In

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terms of the record on school building, let me address th`t point.

:23:04.:23:09.

We have spent ?18 billion shnce 2010 on the school estates and wd are

:23:10.:23:13.

committed to a further ?23 billion so pupils can be taught in

:23:14.:23:19.

facilities fit for the 21st century. Of course, we want to make sure that

:23:20.:23:22.

this is funded at the most appropriate value for money and

:23:23.:23:30.

sustainable way. With permission, I will answer this question together

:23:31.:23:36.

with questions seven, 12 and 14 World-class infrastructure hs

:23:37.:23:40.

central to raising our country's productivity and around 3000

:23:41.:23:42.

infrastructure projects havd been delivered across the UK since 2 10

:23:43.:23:48.

with another 600 projects worth over ?480 billion in the pipelind. We are

:23:49.:23:54.

investing over ?13 billion hn transport across the North, 5

:23:55.:23:57.

billion in the Midlands and nationwide we are making thd largest

:23:58.:24:01.

investment in roads across the UK in a generation and rail is

:24:02.:24:04.

experiencing a level of invdstment not seen since Victorian tiles. I

:24:05.:24:10.

thank the Chancellor for thd answer. Can he ensure that the lower Thames

:24:11.:24:15.

crossing option preferred bx the highways agency quickly and speedily

:24:16.:24:20.

taken forward, which will enhance the investment in Medway and the

:24:21.:24:23.

whole of the Thames Gateway area in facilitating house-building and

:24:24.:24:29.

encouraging business growth and supporting existing infrastructure

:24:30.:24:33.

in the Kent area? I commend my honourable friend for the w`y he has

:24:34.:24:36.

campaigned on the issue and we recognise the importance of this

:24:37.:24:39.

crossing for supporting the economy on both sides of the Thames,

:24:40.:24:45.

particularly given the constrained capacity at Dartford. It will

:24:46.:24:48.

produce significant benefits locally, regionally and nathonally

:24:49.:24:51.

and the government will be laking a decision on the location and root in

:24:52.:24:58.

due course. Conservative controlled Southend Council were very

:24:59.:25:00.

disappointed they were unsuccessful in their bid to the coastal

:25:01.:25:04.

communities fund. Would my right honourable friend agreed to meet

:25:05.:25:07.

myself, the leader of the council, and others, so we might share with

:25:08.:25:13.

him why we do need investment in infrastructure, particularlx as

:25:14.:25:16.

Southend is the alternative city of culture next year. Well Mr Speaker,

:25:17.:25:21.

my honourable friend makes ` good point. The government recognises the

:25:22.:25:25.

ongoing growth potential of Southend. The government's

:25:26.:25:30.

substantial investment that includes over ?40 million through thd

:25:31.:25:34.

south-east growth deal and the 014 city deal. The government announced

:25:35.:25:38.

last year that the coastal communities fund would be extended

:25:39.:25:41.

over this Parliament, at le`st another ?90 million of further

:25:42.:25:46.

funding is available to prolote sustainable economic growth and jobs

:25:47.:25:49.

within the UK's coastal comlunities and I would strongly encour`ge

:25:50.:25:52.

Southend Borough Council to apply to this funding. We welcome yotr

:25:53.:26:04.

comments on the infrastructtre, would he now commit to workhng with

:26:05.:26:08.

us all to secure the funding for the duelling of the Eastern byp`ss

:26:09.:26:11.

around my constituency of Lhncoln which will greatly support not only

:26:12.:26:15.

the development of the city, but also the whole of greater

:26:16.:26:19.

Lincolnshire. I recognise mx honourable friend's commitmdnt to

:26:20.:26:22.

his preferred version of thd project. Funding has been m`de

:26:23.:26:26.

available for the provision of the Lincoln Eastern bypass. In the

:26:27.:26:32.

county council's preferred version, a single carriageway road, `nd as my

:26:33.:26:36.

honourable friend will know, the county council is not in favour of

:26:37.:26:41.

restarting the process from scratch and introducing further del`ys, so I

:26:42.:26:45.

cannot, I'm afraid, give hil any confidence that additional funding

:26:46.:26:48.

will be made available to adopt a dualling solution. I was pldased

:26:49.:26:54.

that in the last budget statement the previous Chancellor announced

:26:55.:27:00.

the new Thames Street 2015 growth commission to focus on delivering

:27:01.:27:04.

essential infrastructure, and development for this crucial region.

:27:05.:27:07.

Could I ask my right honour`ble friend for assurances that this

:27:08.:27:11.

commission, led by Lord Hesdltine, will continue to be

:27:12.:27:17.

I'm Brad my honourable friend has raised this point. The tens S3

:27:18.:27:23.

growth commission has been `sked to raise an ambitious plan and for the

:27:24.:27:30.

area. I'm grateful to Lord Heseltine and his commissioners for bringing

:27:31.:27:34.

this report. I look forward to receiving the interim report ahead

:27:35.:27:38.

of the budget next year when I will give a response to it.

:27:39.:27:43.

When the Chancellor came to the Treasury Select Committee l`st week,

:27:44.:27:47.

he was unsure as to whether or not they were doing analysis by region

:27:48.:27:51.

of the effect of leaving thd European Union. He's had a week to

:27:52.:27:56.

find out, could you give thd House the answer, please?

:27:57.:27:59.

I think if the honourable l`dy checks a video she will find I was

:28:00.:28:04.

not unsure, I was advising lyself service colleague that I understood

:28:05.:28:07.

we were doing such regional analysis. It is the case at we're

:28:08.:28:13.

doing regional analysis, and that will help to inform the prilers to's

:28:14.:28:19.

negotiation strategy. With the Chancellor agree whth me

:28:20.:28:25.

that energy efficiency should be a priority for development nationally

:28:26.:28:29.

and regionally. Would he consider that proceeds of the Shell gas

:28:30.:28:32.

sovereign wealth fund should be at her efficiency measures so that we

:28:33.:28:38.

can encourage innovation? I'm not necessarily an favotr of

:28:39.:28:47.

earmarking hypothetical funds for that purpose, but I do think the

:28:48.:28:51.

honourable lady makes an important point is, we have a serious

:28:52.:28:54.

challenge over energy capachty in this country over the next 20 years,

:28:55.:28:59.

and we're going to have to hnvest large sums of money, and allost ?100

:29:00.:29:04.

billion, just ensure the lights stay on. Of course it makes sensd to

:29:05.:29:10.

reduce energy demand through conservation measures, alongside

:29:11.:29:22.

existing measures. Last week, the infrastructure

:29:23.:29:25.

measure in the Northern Ireland Executive announced a major

:29:26.:29:28.

infrastructure projects in Belfast with beats stopped because ht's

:29:29.:29:35.

unlikely to be stopped before the end of the period when we ldave the

:29:36.:29:39.

map, and their four funding would be lost. That the minister let us know,

:29:40.:29:44.

has the infrastructure Minister had any discussions with him about this

:29:45.:29:49.

project, and Kenny gave asstrance to the Northern Ireland Executhve that

:29:50.:29:53.

any project started before we leave the EU weather is a funding gap will

:29:54.:29:58.

be bridged by the Treasury? I'm not aware of the project he

:29:59.:30:04.

refers to, as virus I'm where the Northern Ireland Executive have not

:30:05.:30:07.

been in touch with the Treasury We have made two announcements, an

:30:08.:30:11.

announcement that confirms `ll projects signed before the @utumn

:30:12.:30:14.

Statement in the normal course of business would be guaranteed

:30:15.:30:19.

whatever, whether they conthnue to be funded by the EU or not `fter our

:30:20.:30:23.

exit. I made a further statdment that says after the Autumn

:30:24.:30:30.

Statement, any new EU funded projects, as long as they p`ss our

:30:31.:30:34.

priorities test, will get the same guarantee. However long thex last,

:30:35.:30:38.

they will be funded by the TK Treasury want EU funding stops.

:30:39.:30:45.

This Government continues to be in chaos of its flagship, so cold,

:30:46.:30:50.

Northern Powerhouse. I live there, I see it every day, they have no

:30:51.:30:54.

long-term industrial strategy. Meanwhile, notwithstanding what the

:30:55.:30:57.

Chancellor said earlier, regional economies are still bring from -

:30:58.:31:06.

suffering from lack of investment. Particular date transport

:31:07.:31:10.

infrastructure. A problem now compounded by Brexit. What plans

:31:11.:31:14.

does the Chancellor have set and this uncertainty and finallx bring

:31:15.:31:18.

to this House a rebalancing or an enhancement of regional transport

:31:19.:31:24.

ever structure spending? I urge the honourable gentldman not

:31:25.:31:29.

to talk down the North and the importance of the Northern

:31:30.:31:32.

Powerhouse. The Northern Powerhouse is an important part of the

:31:33.:31:36.

Government's strategy, and the new Prime Minister has made cle`r her

:31:37.:31:41.

commitment to it. When he's right is in drawing attention to the

:31:42.:31:46.

shortfall of infrastructure investment in the UK overall

:31:47.:31:49.

compared to our principal competitors. That is an isste we

:31:50.:31:53.

have to address at national level, looking for the best value for

:31:54.:31:58.

money, ie, the projects will give the greatest contribution to closing

:31:59.:32:03.

that productivity gap. Question number eight, Mr Speaker.

:32:04.:32:11.

The Office For Budget Responsibility are responsible for forecasting

:32:12.:32:15.

contributions to the EU. Thdy will update that Autumn Statement 20 6.

:32:16.:32:21.

The contribution of the perhod was 26 billion pounds.

:32:22.:32:27.

Thank you for that response. In spite of all the spending pledges

:32:28.:32:30.

which are being made today `nd recently, hospitals, schools police

:32:31.:32:35.

and roads in my constituencx certainly do need a boost in

:32:36.:32:39.

spending is. Does the most `gree with me that the sooner we leave the

:32:40.:32:42.

European Union, the sooner that money will be available for them?

:32:43.:32:47.

What I say to my honourable friend is that any money saved will depend

:32:48.:32:51.

on the overall fiscal situation and the broader economic environment.

:32:52.:32:56.

Decisions on spending will be taken in the round at Autumn Statdment and

:32:57.:33:04.

budgets. But was to remain lembers of the European Union, we h`ve two

:33:05.:33:09.

continue to pay in. On the day of the EU referendum I

:33:10.:33:16.

met an NHS worker who voted to leave the European Union, precisely

:33:17.:33:18.

because she thought there would be more money available to the NHS

:33:19.:33:23.

banks did the ?350 million per week in place and on the Vote Le`ve

:33:24.:33:26.

abuzz. I want to know and she wants to know, when we leave the Duropean

:33:27.:33:35.

Union, are we getting that loney? It's certainly not for me to justify

:33:36.:33:41.

or explain the pledges made by the Leave campaign. But what I would say

:33:42.:33:48.

is, when it comes to public spending decisions, that needs to be taken in

:33:49.:33:51.

the context of the economic and fiscal situation.

:33:52.:34:00.

One appreciate the getting back our EU contribution was a factor in the

:34:01.:34:03.

referendum, what the Ministdr confirm that this administr`tion is

:34:04.:34:08.

at least open to the idea of paying some contribution in the future if

:34:09.:34:12.

we are to get some sort of `ccess to the single market for financial

:34:13.:34:15.

services is, or indeed in relationship to passporting and is

:34:16.:34:20.

equivalence, though could bd some sort of contribution?

:34:21.:34:23.

The important thing is for the United Kingdom to get the bdst

:34:24.:34:27.

possible deal in our negoti`tions with the European Union. I don't

:34:28.:34:31.

think it makes sense to bind our hands, close down options, `t this

:34:32.:34:38.

point. Nor is it right that we provide a running commentarx on this

:34:39.:34:41.

matter. Wales will continue to recehve

:34:42.:34:46.

convergence funding while wd are in the EU. In any case, what the

:34:47.:34:56.

Treasury on the Prime Minister's pledge to continue the Swansea

:34:57.:34:59.

Railway, making a part of the pan-European network, and m`ke it

:35:00.:35:05.

part of a manufacturing hub two will he met on that pledge?

:35:06.:35:09.

That is a matter for the Tr`nsport Secretary. As the Chancellor has

:35:10.:35:14.

made clear, this Government is committed to improving our

:35:15.:35:19.

infrastructure. Number nine, sir.

:35:20.:35:27.

The Government is committed to helping the Midlands in terls of its

:35:28.:35:32.

economic potential and making it a powerful engine for growth. We're

:35:33.:35:37.

backing skills, innovation hn the automotive and aerospace injuries

:35:38.:35:42.

examine map industries and putting power into local people's h`nds by

:35:43.:35:49.

voting a new mayor for the Lidlands. I think it's also in order to

:35:50.:35:54.

mention our excellent candidate in this race.

:35:55.:36:00.

I thank him for the answer. A report earlier this year suggested 53

:36:01.:36:05.

billion could be contributed at to the UK economy by the East Lidlands

:36:06.:36:09.

by 2020, reflecting the central role the area continues to play hn

:36:10.:36:13.

driving growth. Does my honourable friend agree that to sustain this

:36:14.:36:17.

triggered a success it is absolutely vital we continue to deliver an

:36:18.:36:20.

investment in Leicestershird's roads, rail and broader

:36:21.:36:30.

infrastructure. Might I instructed my colleague on the benefits of the

:36:31.:36:33.

blue pencil? Very good advice, Mr Speaker.

:36:34.:36:41.

Investment in infrastructurd between our major cities is vital. We are

:36:42.:36:47.

investing over five billion in transport infrastructure to put the

:36:48.:36:49.

Midlands at the heart of a lodern transport network.

:36:50.:36:59.

Pettiness personified. Can the Minister confirm no be no

:37:00.:37:04.

delays today I'd have locathon of the East Midlands railway lhne.

:37:05.:37:12.

Yes, he can. Question Time, Mr Speaker.

:37:13.:37:18.

If people feel they have had their tax credits incorrectly withdrawn,

:37:19.:37:25.

they should urgently contact HMRC. It will review all complaint cases

:37:26.:37:33.

and pay redress where appropriate. Labour welcomes the cancell`tion of

:37:34.:37:40.

the Concentrix contract, with the Minister reassure the thous`nds of

:37:41.:37:47.

single parents that their t`x credit, erroneously stocked by

:37:48.:37:52.

Concentrix, will be reinstated immediately, said their children can

:37:53.:37:55.

be kept safe and warm and not go unsaid as winter approaches?

:37:56.:38:03.

She is right to draw the Hotse's attention to vulnerable clahmants.

:38:04.:38:07.

She may be interested to know that HMRC had a further drop in for

:38:08.:38:12.

colleagues on the 19th of October, attended by 15 members and ` number

:38:13.:38:16.

of complaints and issues were raised their, which we are on the way to

:38:17.:38:24.

resolving. In terms of rest`rting claims, is to get right information.

:38:25.:38:30.

HMRC had taken back a vast number of cases, and I will say more `bout

:38:31.:38:34.

this tomorrow, their priority is to get the right information and get

:38:35.:38:37.

them started again as soon `s factor established.

:38:38.:38:41.

After a previous question, the Minister said, demands to bd paid to

:38:42.:38:48.

the supplier are reduced as actual performance fails to meet standards

:38:49.:38:52.

set in the contract. Does that include penalties for withdrawing

:38:53.:38:55.

tax credit when they should not have been withdrawn?

:38:56.:39:01.

The terms of the contract bdtween HMRC and Concentrix are in the

:39:02.:39:05.

public domain. It is right that when performance is not as per the

:39:06.:39:08.

contract, there are associated deductions. I will be in a position

:39:09.:39:13.

to offer the House more information on the contract tomorrow during the

:39:14.:39:18.

opposition day debate. A number of my constituents have

:39:19.:39:22.

been affected by this, not least one who was a front line police officer,

:39:23.:39:25.

who had her benefits withdr`wn, meaning her childcare could not be

:39:26.:39:33.

paid, and she could potenti`lly be unable to go to work. One officer

:39:34.:39:37.

intervened and benefits werd but what is you going to do further

:39:38.:39:42.

people are upset about this treatment is?

:39:43.:39:46.

That two things here - if pdople do feel the tax credits have bden

:39:47.:39:50.

incorrectly withdrawn because of errors, they should contact HMRC

:39:51.:39:53.

will review it and redress can be made. There is a second point that

:39:54.:39:59.

customers can as a mandatorx reconsideration, when they don't

:40:00.:40:02.

feel their circumstances had been correctly identified. Some of the

:40:03.:40:07.

time, that is because peopld don't send through the right information

:40:08.:40:13.

until they've... Mr Speaker, the UK will leave the

:40:14.:40:18.

European Union and introducd control of migration between Britain and the

:40:19.:40:23.

EU. Working with officials `cross governments, the Government

:40:24.:40:31.

undertakes to a number of contingencies will stop I'm afraid

:40:32.:40:35.

were not going to provide a running commentary. We do want the best

:40:36.:40:40.

outcome for the UK, which mdans Alaba spoke arrangements whhch

:40:41.:40:42.

allows companies access to Duropean markets.

:40:43.:40:48.

There was many failed targets and plans, including ?1 trillion of

:40:49.:40:54.

export, a target which is nowhere near being reached, and that is with

:40:55.:40:59.

full access to the single m`rket. Other markets such as Germany,

:41:00.:41:04.

meanwhile, explore more than us to China and other markets. Dods the

:41:05.:41:07.

Chancellor agree that the f`ilure the Government to improve the export

:41:08.:41:10.

performance has led the Govdrnment unable to take advantage of

:41:11.:41:15.

opportunities outside the ET. I think the honourable lady should

:41:16.:41:18.

prove a powerful person in the library of the House.

:41:19.:41:26.

What the Government can support and enable exporters, it cannot do their

:41:27.:41:31.

job for them. It is for exporters to make their businesses competitive

:41:32.:41:34.

and sell their wares around the world. We will do everything we can

:41:35.:41:41.

to support them in that enddavour. Does my honourable friend agree that

:41:42.:41:45.

unless the European Union are going to impose trade sanctions on the UK,

:41:46.:41:50.

there will be nothing to stop us to have access to the single m`rket

:41:51.:41:54.

when we leave? My honourable friend is right in the

:41:55.:41:59.

sense that every nation that is a member of the WTO, and we are a

:42:00.:42:07.

member of the WTO, has the right to access the markets of other members

:42:08.:42:11.

and WTO times. But those tiles will be challenging for some othdr

:42:12.:42:15.

industries. For example, thd automotive industry, the wittier

:42:16.:42:20.

terms apply a temper sent G`reth on the car is markets.

:42:21.:42:26.

the Chancellor will know th`t West Yorkshire is the beating he`rt of

:42:27.:42:30.

the manufacturing economy in this country. Can I tell him that my

:42:31.:42:36.

manufacturing leaders and the employees Federation feel ldft out

:42:37.:42:40.

of the loop in terms of what their future is after Brexit. Could he

:42:41.:42:43.

reassure them? They are disturbed that the future. I can reassure the

:42:44.:42:48.

honourable gentleman that manufacturing industry is vdry much

:42:49.:42:54.

at the forefront of our thinking as we approach these negotiations and

:42:55.:42:57.

I'm sorry I've not had a ch`nce to go to West Yorkshire, but I have

:42:58.:43:00.

been engaging with businessds in all sectors of the economy incltding

:43:01.:43:07.

many businesses from the North who have attended a roundtable

:43:08.:43:09.

discussions in Downing Stredt over the last few weeks to set ott their

:43:10.:43:12.

concerns so we can take thel properly into account. In wdlcoming

:43:13.:43:22.

my right honourable friend's stands on this, could I suggest as it's not

:43:23.:43:25.

only a large balance of paylents deficit with Europe but specifically

:43:26.:43:31.

a large one on automotive, ht is in the EU's interest to strike a decent

:43:32.:43:38.

deal with us, as he intends to do. Mr Speaker, our intention is to get

:43:39.:43:44.

the very best deal that we can with our neighbours in the Europdan Union

:43:45.:43:48.

to allow access for our companies to trade their goods and services into

:43:49.:43:51.

the European Union. But I would caution him that looking at him --

:43:52.:43:56.

the economic arguments alond is the mission very important point. There

:43:57.:44:01.

is a political debate going on in Europe, where European politicians

:44:02.:44:07.

are very conscious of the ilpact of Britain's departure on their

:44:08.:44:11.

political project. And I don't think we can be certain that economics

:44:12.:44:15.

alone will dictate the course of this negotiation.

:44:16.:44:23.

Mr Speaker, the government has provided a guarantee that all

:44:24.:44:27.

European structural and invdstment project signed before the Attumn

:44:28.:44:33.

Statement and we have also provided a guaranteed for all ESI F project

:44:34.:44:36.

signed after the Autumn Statement and before the UK departure from the

:44:37.:44:41.

European Union provided thex pass the test of value for money and are

:44:42.:44:44.

in line with domestic stratdgic priorities. I listened closdly to

:44:45.:44:51.

the Chancellor's previous answers about regional distribution of

:44:52.:44:54.

investment and the latest fhgures show that only a quarter of national

:44:55.:44:58.

infrastructure projects are either in the North west or north dast of

:44:59.:45:03.

England with just one of thd top funded 25 project actually hn the

:45:04.:45:08.

area. With further damaging cuts to net investment due to come during

:45:09.:45:11.

the remainder of the parlialent where will this government `ddress

:45:12.:45:14.

the inequality, match its rhetoric with action and start properly

:45:15.:45:18.

funding the northern powerhouse I make three points to the zero

:45:19.:45:21.

honourable lady. First of all we have an Autumn Statement in three

:45:22.:45:27.

weeks and I will set out more of the forward plans that time, and

:45:28.:45:32.

secondly I am not sure of the top of my head what the population

:45:33.:45:36.

proportion of the UK in the north-west and north-east rdgions

:45:37.:45:39.

is, but if the figures she puotes are correct, a quarter of

:45:40.:45:42.

infrastructure investment, H'm not so sure that that is a

:45:43.:45:45.

disproportionate underfunding. I would need to check that. The third

:45:46.:45:50.

point I would make, it is the case that the very large investmdnt in

:45:51.:45:55.

Crossrail is a strategicallx important national Roger Kahn has

:45:56.:45:58.

had the effect of skewing infrastructure investment towards

:45:59.:46:02.

London over the last few ye`rs - extremely important national

:46:03.:46:10.

project. Can I thank him for his interest in these topics. The

:46:11.:46:14.

natural infrastructure commhttee says that the smart energy system

:46:15.:46:18.

would be put at between ?8 billion per year by 2030. I'm grateful for

:46:19.:46:27.

the Minister for his response. Head of the Autumn Statement, wotld the

:46:28.:46:30.

minister look at the role of the Treasury that it might play in

:46:31.:46:35.

digitising the energy systel by accelerating the StorageTek

:46:36.:46:37.

knowledges, demand-side response on the upgrade of the distribution

:46:38.:46:41.

networks so we can get the productivity gains he expects? The

:46:42.:46:45.

Treasury will continue to work with the Department for business, energy

:46:46.:46:50.

and strategy to drive forward a smart energy system. The government

:46:51.:46:55.

has committed to implement hn the recommendations in full. Topical

:46:56.:47:04.

question. Mr Speaker, my prhncipal responsibilities to ensure the

:47:05.:47:06.

stability and prosperity of the economy and in the current

:47:07.:47:12.

circumstances that requires a combination of the time measures to

:47:13.:47:15.

respond to the shock that the economy has received an longer-term

:47:16.:47:21.

measures to manage structur`l adjustments as the UK transhtions

:47:22.:47:29.

out of the EU. Mr Speaker, today is my 30th wedding anniversary. So I

:47:30.:47:35.

hope the Chancellor will john me in wishing the long-suffering Lrs

:47:36.:47:41.

Double and a happy annivers`ry. Take a Brazilian -- below for thd tax

:47:42.:47:48.

breaks for married people, `nd easy going to try and increase this and I

:47:49.:47:52.

would encourage him to do so. I will join him in wishing the honourable

:47:53.:47:57.

member and his wife a very happy 30th anniversary. Taking my cue from

:47:58.:48:02.

last week I'm probably not going to suggest how Mrs Double might

:48:03.:48:07.

commemorate the event. He is quite right to highlight the valud of a

:48:08.:48:11.

marriage in society and I hope I can reassure him that the government

:48:12.:48:13.

remains firmly committed to supporting the important institution

:48:14.:48:19.

through the marriage allowance. A married couple could benefit by up

:48:20.:48:25.

to ?432 per year. We have jtst passed the landmark of 1 million

:48:26.:48:28.

families who have made succdssful applications but I agree with my

:48:29.:48:32.

honourable friend that uptake is not enough and that is reason, darly

:48:33.:48:36.

next month, HM RC will launch a new campaign to increase awarendss and

:48:37.:48:42.

take-up of the marriage allowance. If I can bring the Chancellor back

:48:43.:48:46.

to Brexit, and happy anniversary by the way, and the role of his

:48:47.:48:49.

department before the referdndum, he said that the Treasury publhshed a

:48:50.:48:54.

paper warning about the dangers of leaving the single market would be

:48:55.:48:59.

up to ?67 billion loss. Last week the permanent Secretary to the

:49:00.:49:01.

Treasury told a select commhttee that these figures were not directly

:49:02.:49:06.

applicable and then the Chancellor questioned his own department's

:49:07.:49:09.

calculation is by referring to mitigation factors not taken into

:49:10.:49:12.

account. There is not just funding chaos on Brexit in the Cabinet, it's

:49:13.:49:18.

in the Treasury as well it seems. Can the Chancellor clarify dxactly

:49:19.:49:22.

what is his department's adtlation for the Outlook to public fhnances

:49:23.:49:26.

if access to the single market is not achieved -- calculation. The

:49:27.:49:30.

honourable gentleman can calculate it how he likes, but all economic

:49:31.:49:35.

models have to make assumpthons In terms of that model the Tre`sury

:49:36.:49:40.

produced in April it assumed no policy response by government, and

:49:41.:49:43.

we know there has been a policy response in the form of the monetary

:49:44.:49:46.

expansion delivered by the Bank of England on August two. And ht

:49:47.:49:51.

assumed that the article 15 notice would be served immediately after

:49:52.:49:54.

the referendum, and as we now know that is not the case --. Article 50.

:49:55.:50:00.

The honourable gentleman will just have to wait until the Novelber 23rd

:50:01.:50:04.

when the Obi I will publish the forecast. -- ODI. -- oh BR. There is

:50:05.:50:13.

no figure attached, just confirms the chaos in Cabinet and in his

:50:14.:50:18.

department. Can I ask the Chancellor to pass on thanks to the officials

:50:19.:50:22.

in the department to very hdlpfully published on the Treasury wdbsite

:50:23.:50:27.

the document labelled public sector finances briefing, official,

:50:28.:50:31.

sensitive for internal use only This document does at least give us

:50:32.:50:35.

some information in that it confirms that the government is failhng to

:50:36.:50:39.

meet predictions on tax recdipts and deficit reduction. It also reveals

:50:40.:50:44.

that this is based upon acthvity from before the referendum, so any

:50:45.:50:48.

post-referendum downturn will exacerbate this. Does this document

:50:49.:50:53.

prove once and for all that far from fixing the roof while the stn is

:50:54.:50:57.

shining, this country was scandalously economically or

:50:58.:51:01.

prepared and politically totally unprepared for the Brexit ddcision?

:51:02.:51:06.

Just so the honourable gentleman is absolutely clear, it's quitd wrong

:51:07.:51:09.

to suggest that my department doesn't have any figures. It does

:51:10.:51:12.

have figures, I'm just not giving them to him. As for the doctment he

:51:13.:51:20.

has spent such a lot of timd rather unsuccessfully trying to tott around

:51:21.:51:25.

the media, it was published by mistake but all of the figures in

:51:26.:51:28.

this document have already been published elsewhere. All of them are

:51:29.:51:36.

in the public domain. Kevin Lancaster and Simon Davies started

:51:37.:51:42.

their business from scratch in the year 2000 and they now generate ?1.7

:51:43.:51:48.

million in profit and a leading industrial cooling firm. Last week

:51:49.:51:52.

the Institute of physics aw`rded it a business innovation award for its

:51:53.:51:56.

innovative application of physics or generating jobs and profit. Will the

:51:57.:52:00.

Chancellor joined me in congratulating them and outlining

:52:01.:52:03.

what the government is doing to support research and develop in so

:52:04.:52:06.

other self starters like Kevin and Simon can grow? I think all of the

:52:07.:52:11.

Treasury ministers would be delighted to congratulate the

:52:12.:52:15.

company on the innovation award they have one. Of course the govdrnment

:52:16.:52:20.

touched on this earlier and we are committed to supporting resdarch and

:52:21.:52:23.

development in British businesses provided one of the most generous

:52:24.:52:26.

tax credits schemes in the world to small businesses and it is claimed

:52:27.:52:33.

by over 20,000 businesses. Why does the Chancellor believe that

:52:34.:52:36.

corporation tax receipts collapsed in September 2016 to their lowest

:52:37.:52:40.

level since 2009, and why does he believe they will overshoot the OBR

:52:41.:52:46.

forecast this year? I'm sorry to be boring, but all of these issues will

:52:47.:52:52.

be addressed at the financi`l Autumn Statement when we have the latest

:52:53.:52:57.

fiscal projections from the OBR I know there will be a statemdnt in a

:52:58.:53:00.

moment but it's been reportdd that Heathrow has been the chosen option

:53:01.:53:04.

for expansion. It is import`nt therefore that every part of the UK

:53:05.:53:07.

benefits from this and so do the regional airports. Would he agree to

:53:08.:53:12.

meet with me how we can improve connectivity to Leeds Bradford

:53:13.:53:14.

Airport and how we might get funding for a rail link? As my honotrable

:53:15.:53:20.

friend on the house will know, the announcement has been made that the

:53:21.:53:25.

airport committee this mornhng decided to move ahead with the North

:53:26.:53:31.

West runway at Heathrow, and my right honourable friend, thd

:53:32.:53:33.

Transport Secretary, will m`ke a statement to the house very shortly.

:53:34.:53:37.

My honourable friend is verx right. Regional connectivity is vitally

:53:38.:53:42.

important, and regional slots at Heathrow have been squeezed out by

:53:43.:53:44.

the pressure on the runways there and we will ensure, as part of the

:53:45.:53:49.

package, that regional slots are protected in the future. Tens of

:53:50.:53:57.

thousands of UK jobs depend on euro denominated clearing in the UK.

:53:58.:54:01.

Could the Chancellor Telles how important he regards it that it

:54:02.:54:05.

should still be permissible in the UK after we leave the Europdan Union

:54:06.:54:11.

-- tell us? The right honourable gentleman but a finger on an

:54:12.:54:14.

important issue, and he will know that we've already had one go at

:54:15.:54:17.

trying to prevent euro denolinated clearing from taking place hn the UK

:54:18.:54:21.

and it's no doubt a very iconic issue for many of our Europdan

:54:22.:54:26.

partners. It is an important part of the overall financial structure in

:54:27.:54:31.

London and not easily separ`ted from the other activities that operate in

:54:32.:54:36.

London but in terms of jobs and value attached to it, it is a

:54:37.:54:43.

relatively small part of thd total. What's he planning to do with

:54:44.:54:49.

Bradford and Bingley's assets? Mr Speaker, following the annotncement

:54:50.:54:55.

in budget 2016, we have launched a programme of sales of Bradford

:54:56.:54:58.

Bingley mortgage assets that it holds. This will be designed to

:54:59.:55:04.

raise sufficient proceeds to repay the ?15.56 billion debt to the

:55:05.:55:08.

financial services compensation scheme and, in turn, the

:55:09.:55:12.

corresponding loan from the Treasury and it is expected, subject to

:55:13.:55:15.

market conditions and ensurhng value for money, that this progralme of

:55:16.:55:19.

sales will have concluded in full by the end of 2017/ 18. The government

:55:20.:55:27.

gave ?5 million in funding for the refurbishment of collection in my

:55:28.:55:29.

consistency Mac came from c`sh collecting from the Libor scandal.

:55:30.:55:34.

Will he look at a similar ftnding scheme given that it is the

:55:35.:55:39.

bicentenary of the architect's berth next year and it needs some TLC I'm

:55:40.:55:47.

glad to say that at this st`ge of the process before the Autuln

:55:48.:55:50.

Statement I am able to say that all submissions will be carefully

:55:51.:55:52.

considered and if he lets md have something in writing, I will look at

:55:53.:55:57.

it. Could the Chancellor provide an update on what the government is

:55:58.:56:00.

minded to do with air passenger duty in response to impending ch`nges

:56:01.:56:08.

with APD in Scotland? The government is reviewing the potential options

:56:09.:56:12.

to support regional airports following the discussion paper from

:56:13.:56:15.

last year and we will set ott full details of the response in due

:56:16.:56:20.

course. We did receive 53 rdsponses to the consultation, and very

:56:21.:56:22.

constructive responses and we are looking careful at them --

:56:23.:56:27.

carefully. Can I ask the Ch`ncellor what his assessment is on the

:56:28.:56:31.

inflationary pressure on goods and food over the next 12 months?

:56:32.:56:35.

Clearly the decline in the value of sterling will have an inflationary

:56:36.:56:40.

impact, but how quickly that passes through into the UK economy is a

:56:41.:56:46.

subject of modelling by all economists who carry out thdse types

:56:47.:56:51.

of analysis. The Bank of England will shortly be publishing hts next

:56:52.:56:55.

inflation report, and that should give an indication as to thd forward

:56:56.:56:57.

directory. Under what circumstances wotld my

:56:58.:57:06.

right honourable friend introduce another round of quantitative easing

:57:07.:57:10.

is requested by the Governor of the Bank of England?

:57:11.:57:16.

That is an important question. He knows the operation of monetary

:57:17.:57:20.

policy in the UK is independent of Government. Monetary policy,

:57:21.:57:23.

including quantitative easing, have been highly effective in supporting

:57:24.:57:28.

the economy. Because of the fiscal implications of an indemnitx for the

:57:29.:57:33.

bank, packages had to be formally agreed by the Chancellor. Although I

:57:34.:57:38.

cannot prejudge any hypothetical request, no request for quantitative

:57:39.:57:43.

easing has ever been refused, and I see no reason why circumstances

:57:44.:57:47.

would be different in the ftture. The latest reports for it the RBS

:57:48.:57:56.

bubble restrictor in show even more misconduct in this bank. Dods the

:57:57.:58:04.

Chancellor not believe he h`s an obligation to the people dods

:58:05.:58:08.

country to conduct a robust investigation into these allegations

:58:09.:58:12.

of misconduct? The SCA are looking at this

:58:13.:58:16.

important issue, and we awaht their view.

:58:17.:58:24.

Michael Fabricant is not here, that's unprecedented in the history

:58:25.:58:28.

of me being in this chair. For two, Mr Philip Davies is here.

:58:29.:58:40.

How much UK taxpayers' monex used to bailout other countries in the EU

:58:41.:58:45.

has been paid out to the UK and is still outstanding? And what is the

:58:46.:58:48.

Chancellor doing to make sure we get all this money back when we leave

:58:49.:58:54.

the European Union? No UK taxpayers' money is bding used

:58:55.:58:59.

in the EU's leading to other member states. Only in the event of default

:59:00.:59:02.

with the UK be asked to pay its share.

:59:03.:59:09.

What has the Chancellor madd of its predecessor's austerity economic

:59:10.:59:14.

sign the nation's prosperitx, and would he like to apologise for that

:59:15.:59:22.

divisive and discredited iddology? Irish she what assessment h`ve I

:59:23.:59:27.

made? Since 2010 we have brought this country back from the very

:59:28.:59:32.

brink. We have got borrowing down from other 10% of GDP, to around

:59:33.:59:39.

4%of GDP, with more to deliver. We've created 2.7 million ndw jobs

:59:40.:59:45.

in this economy, making this economy the fastest-growing in the G-7 for

:59:46.:59:49.

the last three years. And the fastest job creator in the developed

:59:50.:59:53.

world. Adding that's erected to be proud of.

:59:54.:59:58.

To what level must the astronomical costs of the HS2 rise beford the

:59:59.:00:04.

Chancellor advice is his colleagues extra exam it matter that this

:00:05.:00:09.

project is no longer good v`lue for money for the taxpayer?

:00:10.:00:16.

What I would say is that we do believe HS2 is part of modernising

:00:17.:00:21.

our transport system and ensuring we've got infrastructure for the

:00:22.:00:26.

21st-century. In the light of the upcoming RBS

:00:27.:00:32.

quote and given that pass sxstems for redress for small busindsses

:00:33.:00:40.

have been ad hoc, will the Chancellor meet with us to lake sure

:00:41.:00:44.

we can form an effective system of redress?

:00:45.:00:51.

He makes a fair point, but H think we shall wait until we recehve the

:00:52.:00:59.

report before we proceed. Mr Speaker, you have seen the latest

:01:00.:01:03.

survey that says that new as the happiest place in mainland Britain.

:01:04.:01:13.

However, what is testing thd people of newer is the appalling state of

:01:14.:01:16.

the local roads. What the Chancellor do a favour for the people of Newark

:01:17.:01:24.

and bring forward the new Ndwark bypass?

:01:25.:01:31.

As a former resident of this constituency, I'm delighted

:01:32.:01:34.

technology it's the happiest place in Britain. That may, some on my

:01:35.:01:41.

happiest times are in living there. As I said, we are currently in the

:01:42.:01:45.

process of receiving submissions from honourable members across the

:01:46.:01:49.

House, and I would be very happy to receive a written submission from my

:01:50.:01:54.

honourable friend. The Chancellor is considering

:01:55.:01:57.

investment in roads in his @utumn Statement is, well helix

:01:58.:02:02.

sympathetically at they need to support the vital Carrington

:02:03.:02:07.

development on the M60 and L62 network, in order to support

:02:08.:02:13.

journeys in and out of the `rea I don't know the project thd

:02:14.:02:17.

honourable lady's talking about I assume it is a housing development.

:02:18.:02:22.

We're certainly very interested in the way infrastructure investments

:02:23.:02:25.

cannot only deliver in its own right, but also enable much,needed

:02:26.:02:32.

housing development. If she gives me a written submission, I will look

:02:33.:02:34.

into it. The last topical question.

:02:35.:02:41.

Does the Chancellor is a poor German's cyber innovation Cdntre,

:02:42.:02:46.

and as he grew of me that investing in our defence assets will project

:02:47.:02:53.

civilian jobs tomorrow? I was very privileged as Foreign

:02:54.:02:57.

Secretary for two years to have oversight of GCHQ for two ydars It

:02:58.:03:04.

is a world-class facility. Ht ensures not only security, but also

:03:05.:03:08.

a cutting edge business sector which is a sensible thing to do and I work

:03:09.:03:13.

in this excess of the Cheltdnham cyber innovation centre.

:03:14.:03:20.

What the Leader of the Housd of Commons make a statement in response

:03:21.:03:26.

to the second session on Prhvate members bills, and will he provide

:03:27.:03:31.

time for that to be debated? Mr Speaker, the Procedure Committee

:03:32.:03:38.

rubbishes reports last Tuesday. In my evidence to the committed

:03:39.:03:39.

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