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number of people from disadvantaged backgrounds. The proportion

:02:03.:02:04.

financially has almost. 'S the wages of 18 to 21-year-olds fell in the

:02:05.:02:19.

last parliament. Those under 25 are excluded from the national living

:02:20.:02:22.

wage. Will the Chief Secretary to the Treasury Conder and what the

:02:23.:02:25.

Cabinet Office minister said, that this is because those under 25

:02:26.:02:30.

simply not productive enough? I thank him for that. I think he is

:02:31.:02:35.

ignoring the fact the amazing record we have news unemployment. Since we

:02:36.:02:40.

took office six years ago. Youth unemployment has fallen by 102,000

:02:41.:02:46.

this year, and youth employment is actually up 94,000 of the year.

:02:47.:02:50.

Close to the highest proportion on record. In terms of the national

:02:51.:02:55.

living wage, while it doesn't apply to those under 25, I remind her that

:02:56.:02:59.

the national minimum wage does apply to those under 25 and it is

:03:00.:03:03.

increasing under this government. For younger workers, the priority is

:03:04.:03:07.

to secure work and gain experience. Youth unemployment remains higher

:03:08.:03:13.

than the employment rate for those aged under 25. Since 2010, nearly

:03:14.:03:19.

500,000 children and young people are in fewer households where there

:03:20.:03:22.

is worklessness. Will he confirm the government will continue to help

:03:23.:03:26.

households into work and cut poverty? Indeed. I thank my

:03:27.:03:29.

honourable friend for that question. We will continue taking action in

:03:30.:03:35.

this space. Mr Speaker, the number of households where nobody had ever

:03:36.:03:38.

worked actually doubled under Labour. Thanks trust, youth

:03:39.:03:44.

employment is up 94,000 over the year. -- thanks to us. Would my

:03:45.:03:52.

right honourable friend agree with me that the way to give a fairer

:03:53.:03:55.

deal to young people is to make sure they are not saddled with the death

:03:56.:03:58.

of reckless spending, and will he ensure me that he will do everything

:03:59.:04:03.

he can to ensure this government balances the box? He is quite right.

:04:04.:04:12.

-- balances the box. Will be repaying the debt that the last

:04:13.:04:19.

Labour government left. What I can also says that household debt as a

:04:20.:04:24.

proportion of income has fallen since Labour's financial crisis, and

:04:25.:04:28.

we are in a much healthier condition in 2016 than we were in 2010. I

:04:29.:04:36.

mustered much -- must advise that we are today visited by the Speaker of

:04:37.:04:42.

the Parliament of Kosovo, visiting the UK in the year in which that

:04:43.:04:46.

independent nation celebrates eight years of its independence. My

:04:47.:04:51.

colleague and his team are warmly welcomed in the House. Mr Speaker, I

:04:52.:05:03.

will with your permission answer this question with question number

:05:04.:05:08.

ten. As a young MP I went there to help with the Morrissey building

:05:09.:05:13.

programme in Kosovo, it's good to have the speaker of the parliament

:05:14.:05:20.

here. -- the democracy building. We set out a plan to build a Northern

:05:21.:05:24.

Powerhouse, so the whole is greater than the parts. Since then we have

:05:25.:05:29.

committed millions in new transport investment, devolved to cities, it

:05:30.:05:34.

in science and culture. Investments in the North are up over 100%. When

:05:35.:05:40.

we started on this bold journey, it is only together that we will

:05:41.:05:46.

transform this country. The severe flooding over Christmas caused huge

:05:47.:05:51.

problems Mr Duley, which is a major player in the Northern Powerhouse.

:05:52.:05:57.

-- huge problems for the city of Leeds. Will the Hill help to deliver

:05:58.:06:05.

investment in infrastructure and help secure the economic prosperity

:06:06.:06:12.

of the North? I want to congratulate him and other West Yorkshire MPs who

:06:13.:06:18.

spoke up powerfully for the need in further investment in West Yorkshire

:06:19.:06:22.

and in need of the city. We have provided that was around ?350

:06:23.:06:28.

million extra into flood defence investment to protect the businesses

:06:29.:06:31.

and the communities that he represents. Our neighbourhood

:06:32.:06:34.

planning Bill ensures that we are going to have a national

:06:35.:06:37.

infrastructure can listen on a statutory footing to look at the big

:06:38.:06:42.

challenges we face, whether it is transport, broadband or indeed flood

:06:43.:06:47.

defence. I thank my right honourable friend for his answer, and would ask

:06:48.:06:51.

him what benefits there are four infrastructure funding for the

:06:52.:06:58.

region outside of the large cities? This is an important issue. Of

:06:59.:07:02.

course there has been a focus on economic development in recent years

:07:03.:07:06.

in the big cities of the North, but it's the counties and county towns

:07:07.:07:09.

in the North of England we now want to support. Of course in her area,

:07:10.:07:13.

which represents so well, we have the new gross deal for the area. We

:07:14.:07:22.

are looking to devolve more economic powers to counties so they too can

:07:23.:07:25.

see the benefits of securing economic growth. My door is always

:07:26.:07:29.

open to good, sensible proposals for investment in the counties of North

:07:30.:07:37.

England. The Chancellor speaks about investment in transport and in flood

:07:38.:07:41.

defences. Both of those are crucial in my city of Leeds. And yet, last

:07:42.:07:47.

month the government cancelled the trolley bus scheme in Leeds, and in

:07:48.:07:53.

2000 and 11 flood defences were cancelled in Leeds which contributed

:07:54.:08:02.

to the flooding. -- in 2010. I'm surprised about the complacency of

:08:03.:08:07.

my colleague, and would ask the government to properly invest in

:08:08.:08:14.

flood defences in our city. I think the lady is being a little bit

:08:15.:08:22.

churlish. We committed ?6 billion to investment in transport in

:08:23.:08:25.

Yorkshire. But her constituency is in. On flood defences, she raised on

:08:26.:08:30.

the floor of his House very specific schemes. I have funded those in the

:08:31.:08:35.

budget. The future phases she talks about, as you well do not yet have

:08:36.:08:40.

planning and a price tag attached to it. In principle, we are committed

:08:41.:08:44.

to those as well. If she works of us, we will deliver these schemes

:08:45.:08:47.

which were never delivered under a Labour government. The Chancellor

:08:48.:08:56.

mentioned transport investment, yet his government has resided a

:08:57.:08:58.

researcher racial weather is 24 times more transport -- presided

:08:59.:09:12.

over a situation where there is. People in the north need our country

:09:13.:09:16.

to remain at the heart of Europe, so that our cities will keep growing.

:09:17.:09:24.

It's quite right that we invest in major transport infrastructure in

:09:25.:09:28.

our capital cities, which we have done with Crossrail. That is not to

:09:29.:09:32.

the exclusion of investment elsewhere in our country. In her

:09:33.:09:36.

part of the north-west, there has been a massive investment in the

:09:37.:09:40.

electrification of the railways. Under a Labour government only ten

:09:41.:09:43.

miles of the entire railways of the country were electrified. We have

:09:44.:09:49.

high-speed two, which will help with train journeys to Merseyside and

:09:50.:09:54.

Manchester. And now the new Merseyside mea agreed, we can go on

:09:55.:09:59.

putting more money into the infrastructure of Merseyside to

:10:00.:10:02.

support the private businesses to grow and grow jobs in the private

:10:03.:10:10.

sector. This week is Homburg BusinessWeek. Despite the

:10:11.:10:17.

forthcoming opening of the road into the docks, business leaders still

:10:18.:10:20.

tell me they feel somewhat disconnected from the Northern

:10:21.:10:22.

Powerhouse project. Could the Chancellor out line what future

:10:23.:10:30.

schemes may benefit them? My honourable friend championed that

:10:31.:10:33.

road when he first came into Parliament. PCs now the practical

:10:34.:10:37.

benefits with that work now almost complete. -- he sees. All of which

:10:38.:10:48.

are examples of how well delivering for his part of the country. I'm as

:10:49.:10:53.

passionate as he is making sure East Yorkshire and Hull is connected into

:10:54.:10:59.

the Northern Powerhouse. We have made it clear to all cities in the

:11:00.:11:03.

north that whole should be included in that and the surrounding area. In

:11:04.:11:09.

the budget we support the city of culture near where he represents.

:11:10.:11:16.

Recent figures showed a 9.6% crop in the value of new construction

:11:17.:11:19.

projects starts recorded in the so-called Northern Powerhouse in the

:11:20.:11:23.

end of 2015. Interestingly, despite the Chancellor's trick on

:11:24.:11:26.

investment, much of the public capital invested thus far has

:11:27.:11:33.

actually been delivered by the EU. Would he agree that Brexit will not

:11:34.:11:39.

affect greater magister's vision and access to funding? As you well know,

:11:40.:11:45.

I certainly think that Britain is stronger in the European Union and

:11:46.:11:48.

that helps the Northern Powerhouse. Investment projects in the north of

:11:49.:11:54.

England are up over 100% in the last two years. That is actually in

:11:55.:11:57.

striking contrast to some other, to give you a sense of scale,

:11:58.:12:02.

investment projects in London are up 7% in the last two years. In the

:12:03.:12:10.

northern Powerhouse, up 127%. We are balancing the economic geography of

:12:11.:12:13.

this country. It shall welcome the fact that the North of England now

:12:14.:12:16.

has the highest employment rate in the country's history, and we have

:12:17.:12:21.

seen the fastest falls of unemployment in the country. With

:12:22.:12:28.

permission, I would like to answer this with question nine. We have the

:12:29.:12:33.

highest employment rate on record, the lowest claimant count since

:12:34.:12:37.

1974. That's millions more opportunities for a fellow citizens,

:12:38.:12:41.

and we must not now put at risk the security that's being brought by our

:12:42.:12:50.

long-term economic plan. Up to April and June 2015, employment increased

:12:51.:12:57.

by 20 4000. The figures are three times higher than this for EU

:12:58.:13:02.

nationals. With respect to the national wage, what anticipation is

:13:03.:13:09.

therefore the job growth in the UK? -- increased by 20 4000. Nine in

:13:10.:13:23.

every ten people in a job in the UK are UK nationals. As the Chancellor

:13:24.:13:26.

has said, Britain deserves a pay rise, the national living wage

:13:27.:13:32.

delivers it. I'm sure the minister and the whole house will welcome the

:13:33.:13:36.

latest unemployment figures in my constituency. Standing at any 361,

:13:37.:13:44.

or less than 1%. What more can be done to ensure this trend continues?

:13:45.:13:50.

-- at only 361. Airing in mind the over 50s, and the 18 to 24-year-old

:13:51.:14:05.

bracket. I'm sure the keenness to ensure no one is left behind. We've

:14:06.:14:09.

made it more cost-effective for employers to hire young people and

:14:10.:14:15.

apprentices. And also helping older job-seekers find employment through

:14:16.:14:21.

pilot schemes. This morning, the head warned that a Brexit vote means

:14:22.:14:30.

jobs would be lost. What is the estimate of the number of jobs that

:14:31.:14:35.

would be at risk if we left? But when the immediate economic shock

:14:36.:14:39.

our prediction is that 500,000 jobs would be lost, the increase in

:14:40.:14:43.

unemployment, partly from the initial impact on foreign direct

:14:44.:14:46.

investment and the effect continues thereafter. Of course it isn't just

:14:47.:14:54.

a touchy but any non-European company having its European

:14:55.:14:58.

headquarters in the UK, the UK is much the most attractive location

:14:59.:15:02.

for them, they would be in great difficulty if we were to leave the

:15:03.:15:06.

European Union. Has the department made an assessment of what that

:15:07.:15:10.

particular group of employer is contributing and should contribute

:15:11.:15:13.

in the future, which would be addressed we left? We have modelled

:15:14.:15:19.

the effect on foreign direct investment and you don't have to

:15:20.:15:22.

believe that current people in the UK would leave, all you have to

:15:23.:15:25.

believe the notice will have a detrimental impact to the UK is what

:15:26.:15:29.

happens to investment in the future, there are many reasons to invest in

:15:30.:15:34.

Britain but we know that 72% of firms that invest in the UK say that

:15:35.:15:38.

our membership of the EU is a key factor. Alongside genocide and four,

:15:39.:15:45.

we had all these threats to jobs if we leave the EU, Kennington Road

:15:46.:15:51.

will be done if we got to stay in and continue to have unlimited

:15:52.:15:57.

immigration from 27 countries, what will be done to protect my

:15:58.:16:00.

constituents, who have seen their wages flat line because of this

:16:01.:16:06.

unlimited immigration? Well of course we have already taken steps

:16:07.:16:09.

to ensure people cannot just come here and claim benefits from day

:16:10.:16:15.

one, with the renegotiation of the Prime Minister secured, we address

:16:16.:16:22.

the in work benefits system, and are watching touching that the effect of

:16:23.:16:26.

immigration would be as great as is sometimes opposed, particularly when

:16:27.:16:29.

you look at the other models of agreement with you, a number of

:16:30.:16:34.

which include free movement. Just the Minister agree that about to

:16:35.:16:39.

leave the European Union on June 23 could have a negative effect on

:16:40.:16:45.

employment trends, particularly in Northern Ireland which has 50,000

:16:46.:16:50.

jobs related to exports in the U and for the Chancellor, in my

:16:51.:16:59.

constituency, the effect on that. I know my right honourable friend was

:17:00.:17:02.

in County Down yesterday, and of course Northern Ireland is in a

:17:03.:17:07.

sensitive position because of having the land border with the Republic

:17:08.:17:11.

and therefore with the European Union, the new European Union, that

:17:12.:17:15.

we would be in, I agree with her that employment in Northern Ireland,

:17:16.:17:20.

more people in work than ever before, they need to protect that.

:17:21.:17:29.

Number five. This government is backing small and large businesses

:17:30.:17:32.

as part of our long-term economic plan. A corporation tax rates are

:17:33.:17:38.

the lowest in the G20 and will fall to 17%. In the budgets, we insured

:17:39.:17:44.

600,000 businesses permanently pay no rates at all. This is a

:17:45.:17:47.

conservative government that supports businesses and jobs they

:17:48.:17:53.

create. In towns like Newark where 11,000 new jobs are being created

:17:54.:17:58.

under this government, the task ahead is not just to attract any

:17:59.:18:02.

businesses but those which ensure people are not just in work but I

:18:03.:18:06.

will pay. With that in mind, will they agree with me and the knowledge

:18:07.:18:14.

that not only are knowledge of dozen new businesses have been created

:18:15.:18:18.

since 2010 but one in four working people in this country are now in

:18:19.:18:25.

high skilled, well-paid jobs? I think my honourable friend is right

:18:26.:18:27.

to point out all the good things that are happening in Newark and of

:18:28.:18:30.

course across the East Midlands more we see 53,000 new small and

:18:31.:18:36.

medium-sized witnesses since we came into Downing Street. A remarkable

:18:37.:18:40.

achievement. We have the continued to move people up the job scale,

:18:41.:18:45.

make sure their wages continue to grow as they are at the moment and

:18:46.:18:50.

the good news is that of the jobs being created, 80% or so are

:18:51.:18:53.

full-time and the majority are in skilled occupations. With the

:18:54.:19:01.

benefits of innovation to business and the economy, why does the

:19:02.:19:03.

Chancellor think his decision to change innovation support from

:19:04.:19:09.

grants to loans is anything other than a bad idea, which will increase

:19:10.:19:13.

cost and risk the company is seeking to innovate? I think you would

:19:14.:19:20.

accept as I would, that the UK has had a challenge with turning good

:19:21.:19:24.

inventions in the laboratory into good inventions in the workplace

:19:25.:19:30.

that sell around the world. So our innovation support has needed to be

:19:31.:19:33.

modernised and the idea of loans were something borrowed from a

:19:34.:19:37.

French initiative which has worked well in that economy, in terms of

:19:38.:19:41.

turning scientific invention into good product in the marketplace. It

:19:42.:19:47.

is not simply on innovation, that is a rather unconvincing answer, it's

:19:48.:19:52.

also foreign exports. We understand the benefits of exporting more, so

:19:53.:19:56.

why does the Chancellor again think it's a remotely good idea to take

:19:57.:20:02.

the decision to cut the UK TI budget by 42 million over the next four

:20:03.:20:06.

years, making it more difficult to export and more difficult for him to

:20:07.:20:09.

meet his own target of doubling exports by the end of the decade?

:20:10.:20:16.

Over the last five or six years we have greatly increased the UK TI

:20:17.:20:20.

budget but like every UK Government, it's paid for by the taxpayers, we

:20:21.:20:24.

need to make sure they get value for money and the new head is ensuring

:20:25.:20:29.

the money is go to the front line of supporting medium-sized and small

:20:30.:20:33.

Scottish exporters and others about selling around the world. He should

:20:34.:20:39.

welcome the enormous success many Scottish businesses have, from W to

:20:40.:20:43.

agriculture, to manufacturing in Scotland, in exporting around the

:20:44.:20:48.

world with the support of the UK TI. The clue is in the first two

:20:49.:20:52.

letters. The Chancellor has introduced a subsidy for tax relief

:20:53.:21:01.

on items, a high-risk, high return market, most people support the

:21:02.:21:05.

intention which is to increase competition in the lending market,

:21:06.:21:09.

but many are becoming concerned that some of these loans are being

:21:10.:21:11.

marketed to those who can't reasonably understand the risks stop

:21:12.:21:16.

what is the Treasury doing to ensure that the taxpayer does not end up

:21:17.:21:20.

encouraging the marketing of such schemes to people who can least

:21:21.:21:27.

afford to lose the money? At their own request, the lending industry is

:21:28.:21:30.

now originated by the Financial Conduct Authority, which is alert to

:21:31.:21:35.

the risks my right honourable friend identifies. In the financial crash,

:21:36.:21:42.

we saw the limitation of the UK credit system, where many companies

:21:43.:21:46.

were reliant on bank finance. But we have tried to do in the last few

:21:47.:21:49.

years is broaden the range of financing options for small and

:21:50.:21:53.

medium-sized businesses, not just in terms of capital markets but

:21:54.:21:56.

innovative new products like peer-to-peer lending, and using

:21:57.:22:01.

things like I sat rappers, is a good thing for our economy. To could he

:22:02.:22:11.

look at abolishing the seven course rather than just halving them? We

:22:12.:22:18.

have taken a significant step to helping Welsh businesses and

:22:19.:22:20.

businesses on the other side of the border by holding the tolls, while

:22:21.:22:25.

ensuring we have the resources to maintain the bridge and we don't

:22:26.:22:28.

have too true on the same taxpayers through their tax bill. At an event

:22:29.:22:38.

in my constituency we have invited a number of providers including fibre,

:22:39.:22:41.

satellite providers and point-to-point wireless, which is

:22:42.:22:45.

the best solution in our experience for those in the hardest to reach

:22:46.:22:50.

areas. With the Chancellor look at extending the excellent voucher

:22:51.:22:55.

scheme for satellite for point-to-point wireless will allow

:22:56.:22:58.

communities to pool vouchers to fund these schemes? I am very happy to

:22:59.:23:04.

have a closer look at the proposal my honourable friend makes, I know

:23:05.:23:08.

what a rural constituency he represents and we have pirated

:23:09.:23:12.

support in North Yorkshire for raw businesses and their broadband

:23:13.:23:19.

links. In the Queens speech, in the provisions of the Digital economy,

:23:20.:23:23.

we are looking at making it universal service obligation between

:23:24.:23:26.

no it can have action is formative effect on the rural economy. The

:23:27.:23:34.

Chancellor talks about supporting business and like labour, I'm sure

:23:35.:23:36.

he will want to see long-term sustainable business growth in

:23:37.:23:42.

Britain. After his six years at the helm, what is the forecast for

:23:43.:23:45.

business investment growth this year? Business growth is positive

:23:46.:23:53.

this year, and in the years ahead, according to the OBR forecast and it

:23:54.:23:57.

was negative and I became the Chancellor, so things are improving.

:23:58.:24:06.

Mr Speaker, the OBR has revised down business investment growth by a huge

:24:07.:24:12.

4.9% since November. Even taking into account the fiscal measures he

:24:13.:24:16.

has introduced. And we know this could go further down, if we leave

:24:17.:24:22.

the European Union. The acting head of the British chamber of Commerce

:24:23.:24:26.

recently highlighted frustration from businesses around

:24:27.:24:30.

infrastructure projects, the huge skills gap, child care, housing and

:24:31.:24:34.

uncertainty around the apprenticeship levy, it almost

:24:35.:24:39.

sounds like gruel today without the jam tomorrow. Does the Chancellor

:24:40.:24:43.

agree with him? Where was the apprenticeship levy before they

:24:44.:24:48.

complained about what we were doing? If the Labour Party wants to

:24:49.:24:52.

contribute to this important debate about how we make our economy more

:24:53.:24:56.

productive, I think we are going to need a better contribution. Her PPS

:24:57.:25:02.

has been in an e-mail exchange with the member for Bishop Auckland

:25:03.:25:04.

weathermen but the Bishop Auckland complained about these questions at

:25:05.:25:09.

Treasury questions, saying that the brief she has just been sent is a

:25:10.:25:13.

disgrace and it demonstrates that the Labour Treasury team... Order,

:25:14.:25:21.

order. The Chancellor should remain seated. If that is the sum total of

:25:22.:25:25.

what he has to contribute on his feet in response to that question,

:25:26.:25:32.

frankly, it wasn't worth the breath. Utterly feeble and competition in

:25:33.:25:37.

the improper. And it, it's very simple. Number six. With your

:25:38.:25:48.

permission, question of 12. The predicted rise in unemployment of

:25:49.:25:55.

500,000 includes 24,000 people in Wales, 34,000 people in the West

:25:56.:25:59.

Midlands. In the long-term the central estimate is that GDP would

:26:00.:26:03.

be lower by around ?4300 per household by 2030 is an otherwise.

:26:04.:26:11.

The head of the World Trade Organisation said yesterday that the

:26:12.:26:18.

process of negotiating deals outside of Europe would take decades. Isn't

:26:19.:26:21.

that one of the reasons why confidence would be hit, currency

:26:22.:26:27.

would fall, jobs would be lost including 24,000 in Wales, and

:26:28.:26:30.

companies such as Hitachi have mentioned today they would pull out

:26:31.:26:36.

of the United Kingdom. I think we do agree, Mr Speaker, on the turmoil

:26:37.:26:41.

that uncertainty can bring. And the uncertainty of that future trade

:26:42.:26:46.

deals he raises is part of that. There is much more uncertainty as

:26:47.:26:50.

well about businesses who currently trade with other European countries,

:26:51.:26:53.

about people who are employed, thinking about going to those

:26:54.:26:57.

countries. All of these things generates uncertainty, which creates

:26:58.:27:00.

economic turmoil in the short run. There is the real danger of missing

:27:01.:27:05.

out on a large number of third-party traders in the long-term, if or when

:27:06.:27:09.

all the current trade deals currently under negotiation are

:27:10.:27:12.

finished. That would cut for some 80% of outrage. Can the Chancellor

:27:13.:27:17.

state what the economic benefits are as a result of us leaving the

:27:18.:27:25.

European Union in places like the west midlands, and more importantly

:27:26.:27:30.

the impact on manufacturing. In the judgment's constrict GNC, the

:27:31.:27:39.

automotive sector -- in the gentleman's constituency. It is

:27:40.:27:43.

unsurprising that among those speaking out in favour of Remain

:27:44.:27:49.

include the chief executives of Rolls-Royce and red Land Rover.

:27:50.:27:57.

Considering the UK has been a member of the EU for over 40 years, and we

:27:58.:28:04.

still don't even have a trade deal with the United States of America,

:28:05.:28:09.

the largest economy in the world. Does my honourable friend not agree

:28:10.:28:13.

that our economy would benefit from the United kingdom being able to

:28:14.:28:19.

negotiate our own free trade deals? Mr Speaker, the businesses that I

:28:20.:28:22.

speak to overwhelmingly say that they feel they would get a better

:28:23.:28:27.

deal with the increased economic clout, five times economic weight

:28:28.:28:31.

that comes with being a member of the EU as opposed to being Britain

:28:32.:28:34.

on its own. All these deals to take a long time, but when all the

:28:35.:28:38.

current EU negotiations are completed, the EU will have more

:28:39.:28:41.

trade deals with the rest of the world, and therefore we would then

:28:42.:28:44.

the United States and Canada combine. The living wage is a very

:28:45.:28:49.

attractive economic policy, especially in Eastern Europe. Given

:28:50.:28:53.

the extensive financial modelling my honourable friend has conducted, can

:28:54.:28:57.

he tell the house what his official estimate is of the number of

:28:58.:29:00.

unskilled migrants coming into this country from Eastern Europe in the

:29:01.:29:04.

first five years after a vote to remain? Of course the national

:29:05.:29:09.

living wage makes sure that British workers who are low paid cannot be

:29:10.:29:13.

undercut by people coming from other countries, it would be a great

:29:14.:29:17.

benefit to our economy. It's also the case that as our legal minimum

:29:18.:29:23.

pay increases, we will still be with in the middle wage internationally.

:29:24.:29:31.

Yesterday the Chancellor told the people of Northern Ireland that

:29:32.:29:35.

housed prices would fall by 18% if we voted to leave the EU, even

:29:36.:29:38.

though the day before he said that housing costs would go up by 9%. He

:29:39.:29:44.

told us 14,000 jobs would be lost in export industries, even though the

:29:45.:29:50.

exchange rate which, which would help export, would plunder it. He

:29:51.:29:54.

made an uncanny prediction about income in 14 years' time. -- would

:29:55.:29:59.

plummet. Does he agree that he is expending his own credibility by the

:30:00.:30:04.

panic which is now set in trying to sell the economic, threadbare case

:30:05.:30:10.

for staying in the EU? Saying that house prices would come down but

:30:11.:30:13.

housing costs would go up, that's not inconsistent at all. As the cost

:30:14.:30:20.

of borrowing would go up. In many parts of the country, Northern

:30:21.:30:23.

Ireland is a special case, would be a good thing for house prices to

:30:24.:30:27.

come down, but not as a result of crashing the economy and making it

:30:28.:30:30.

more difficult for people to borrow. In terms of the long-term forecast,

:30:31.:30:35.

it is difficult to forecast 15 here's hence. What the analysis

:30:36.:30:40.

seeks to do, saying all things that being equal, whether you are in or

:30:41.:30:43.

out of the European Union. The result is clear that in the central

:30:44.:30:48.

case of the central scenario, the GDP is hit. Doesn't the Minister

:30:49.:30:56.

agree with me that how the fact that so many international firms have

:30:57.:31:02.

made it very clear that by being in the European Union and being in the

:31:03.:31:05.

single market, this is a good country to invest? So the obvious

:31:06.:31:10.

thing to do is remain in the European Union, a union for

:31:11.:31:14.

investment and the jobs. I do agree that. The United Kingdom has the

:31:15.:31:18.

third highest stock of foreign direct investment in the entire

:31:19.:31:21.

world, behind only the United States and China. We are the biggest

:31:22.:31:25.

recipient of foreign direct investment in the EU, and from the

:31:26.:31:30.

EU. The express of accession countries shows that that move into

:31:31.:31:33.

the European Union agreed us make a difference. It's just about tariffs,

:31:34.:31:39.

it's also about being in the customs union, which some, most of the

:31:40.:31:46.

models don't involve. Important for the cross-border supply chains that

:31:47.:31:49.

the gentleman was talking about earlier. Only two countries, the

:31:50.:31:53.

Germany and the Netherlands run a surplus with the UK, and the rest

:31:54.:31:58.

run a deficit. Does he agree that the others would vote for tariffs,

:31:59.:32:03.

and so would Germany to stop Japanese car imports. Has he

:32:04.:32:08.

modelled the impact of those tariffs on employment levels and on inward

:32:09.:32:13.

in the best mint? Disastrous, I suggest. It is the case that

:32:14.:32:18.

different countries will have different interests. No doubt they

:32:19.:32:21.

would come to the surface, and it needs a very large majority of other

:32:22.:32:29.

countries voting to agree a deal. Fundamentally, I don't think it is

:32:30.:32:33.

about the deficit that one country has with the EU or vice versa. It's

:32:34.:32:36.

about the relative size of the export market to that country. For

:32:37.:32:42.

us, 44% of our exports go to be, for the EE is 8% the other way. In any

:32:43.:32:46.

negotiation, that means that the other side has the better hand. --

:32:47.:32:54.

for the EU. Can the Minister tell us why we pay over ?10 billion net this

:32:55.:32:59.

year for a ?68 billion trade deficit with a declining part of the world's

:33:00.:33:03.

economy, when anyone with even an ounce of common sense knows that we

:33:04.:33:07.

could have a ?68 billion trade deficit with a declining part of

:33:08.:33:14.

Royal's economy from nothing? I think I did say. -- part of the

:33:15.:33:20.

world's economy. The fact is that for every pound that those in tax to

:33:21.:33:25.

this country to the European Union, it's not a tribute cost and don't

:33:26.:33:32.

belittle it. -- trivial cost. What comes of that is the enhancement to

:33:33.:33:35.

the economy and protection of jobs and investment that we want to see.

:33:36.:33:44.

Mr Speaker, over the last six years, UK Trade Investment has more than

:33:45.:33:47.

doubled the number of businesses it helps, and is now aiming to help

:33:48.:33:53.

another 100,000 fans to expect by 2020. -- to export. It doesn't

:33:54.:34:01.

really say what's happening to exports. The Chancellor promised his

:34:02.:34:08.

strategy would double by the end of the decade. Today, the figures for

:34:09.:34:14.

exporter going the wrong way. What is the government going to do to

:34:15.:34:17.

actually turn around that dire performance? My right honourable

:34:18.:34:23.

friend mentioned earlier the important work that UKTI is doing,

:34:24.:34:27.

not only in terms of promoting the exporting is great brand around the

:34:28.:34:30.

world, but now also working across the whole of government to involve

:34:31.:34:35.

all of our embassies around the world in focusing those resources on

:34:36.:34:39.

increasing the potential opportunities for our world-class

:34:40.:34:49.

exporters. Is the Minister aware that over 25% of small businesses in

:34:50.:34:54.

France and Germany export? Where is the figure in the UK is around 20%.

:34:55.:35:00.

Does he agree with me, it's not just UK TI's all, there is also a role

:35:01.:35:06.

for Chambers of trade and business federations to encourage more small

:35:07.:35:11.

firms in particular to export? My honourable friend is aptly right,

:35:12.:35:15.

there is an important role to be played, not only by our NBC network

:35:16.:35:20.

but also by our Chambers of commerce, our Federation of Small

:35:21.:35:26.

Businesses -- our embassy network. Some of our larger banks have also

:35:27.:35:31.

set themselves targets in terms of additional customers who can export

:35:32.:35:36.

the next two years. Is the Minister aware that Huddersfield and

:35:37.:35:41.

Yorkshire still, the northern powerhouse already in terms of many

:35:42.:35:44.

factoring and the quality of partnership with universities. Issue

:35:45.:35:48.

where that my universities in Yorkshire and the many factoring

:35:49.:35:51.

sector, are terrified that we will leave the European Union, it will

:35:52.:35:56.

bankrupt the universities, it will bankrupt manufacturing set to. I'm

:35:57.:36:04.

sure -- assure the honourable Antman meant to mention it to. He's right

:36:05.:36:12.

to highlight that the UK's universities are unanimous in

:36:13.:36:14.

expressing the value if they put on not only are higher education, but

:36:15.:36:20.

also the potential for those educated in those universities to

:36:21.:36:26.

export in due course. And that he is absolutely right to highlight the

:36:27.:36:29.

fact that all other trade deals would be worse than the current zero

:36:30.:36:34.

tariff trade deal that we have being a memorably EU stop yellow -- a

:36:35.:36:43.

member of the EU. Changes to capital gains tax will give incentives for

:36:44.:36:49.

companies. Individuals expected to pay a lower tax. Further cuts to the

:36:50.:36:57.

corporation tax rate announced the budget of 17% will benefit over 1

:36:58.:37:02.

million companies, large and small. This supports UK companies to

:37:03.:37:08.

invest, grow, and create jobs. Treasury figures show that just

:37:09.:37:11.

200,000 individuals will benefit from capital gains tax, a giveaway

:37:12.:37:20.

of ?600 million. Meanwhile, on corporation tax, we have the lowest

:37:21.:37:25.

in the G-7, lower even than Saudi Arabia, Russia and China. At the

:37:26.:37:29.

same time, the resolution foundation shows that the poorest 20% of

:37:30.:37:33.

families in this country will lose 506 to ?5 over the course of this

:37:34.:37:37.

government because of their policies. -- ?565. Where is the

:37:38.:37:46.

social justice in that? What I would say is that his honourable friend

:37:47.:37:51.

earlier asked the question about encouraging business investment. We

:37:52.:37:54.

want to encourage business investment, because it's through

:37:55.:37:57.

being an environment where businesses invest that we see

:37:58.:38:02.

improved productivity, the conditions for growth, and we see

:38:03.:38:06.

people benefiting with higher wages. What I would say to the honourable

:38:07.:38:10.

member and the House as a whole, is that pursuing policies that favour

:38:11.:38:14.

business investment, but encourage businesses to invest, such as

:38:15.:38:18.

cutting corporation tax, are important for all of our

:38:19.:38:24.

constituents. In 2010, the Chancellor told this house that

:38:25.:38:31.

raising capital gains tax was necessary to come and I quote,

:38:32.:38:37.

create a fairer, tax system. Given that the Chancellor is now cutting

:38:38.:38:40.

capital gains tax overwhelmingly to the benefit of the richest 0.3% of

:38:41.:38:46.

people, what does the Chancellor think has changed? The purpose of

:38:47.:38:53.

the tax measures as I outlined a moment or so ago, are to encourage

:38:54.:38:58.

people to invest in businesses. This is specifically targeted at

:38:59.:39:04.

companies, the cut in CGT doesn't apply to residential property. It is

:39:05.:39:08.

putting in place an environment where businesses can grow and

:39:09.:39:11.

prosper. That is absolutely the right approach that we should follow

:39:12.:39:18.

colour and -- follow, and I would remind him that other countries have

:39:19.:39:20.

followed approaches of which he has been full of praise and it's not

:39:21.:39:23.

quite working adding them as well, is it? Question about 11. The

:39:24.:39:35.

government has protected disability benefits, protecting them from the

:39:36.:39:41.

freeze. Disability spending will be hiring every 22020, relative bows to

:39:42.:39:50.

2010 and two today -- every year to 2020. The Ayr local authorities are

:39:51.:40:01.

required that record 58% of local authorities have cut their funding

:40:02.:40:08.

by 15% or more. What will ministers do to reverse that trend and make

:40:09.:40:13.

sure that there is funding for local authority is to fund is those

:40:14.:40:17.

important short breaks with white we have provided funding for respite

:40:18.:40:23.

breaks. She's right to highlight this very important thing in this

:40:24.:40:30.

carers week. 200,000 more people receiving carers allowance in this

:40:31.:40:36.

country. The act extends right to assessments. The government is

:40:37.:40:39.

launching a new strategy in recognition of how important role

:40:40.:40:42.

this is a millions of people throughout the country.

:40:43.:40:45.

Can I welcome the commitment in the budget to prevent homelessness, but

:40:46.:40:53.

does the minister recognise the risks of a cap on supported housing?

:40:54.:41:01.

I in turn acknowledge welcome to the additional money to tackling

:41:02.:41:04.

homelessness that was in the budget and indeed previously, on the local

:41:05.:41:09.

housing allowance cap, there is no disjoint evidence review conducted

:41:10.:41:14.

by DC LG and the Department for Work and Pensions, to make sure we get

:41:15.:41:19.

this right, so we can have a long-term, sustainable funding

:41:20.:41:27.

solution for this sector. Number 19. The government seeks parliamentary

:41:28.:41:29.

authority for its spending plans through supply procedure.

:41:30.:41:34.

Occasionally expenditure on some services is so urgent that it cannot

:41:35.:41:46.

await normal procedure. Treasury officials assess cases on the basis

:41:47.:41:50.

of criteria set out in Treasury guidance. Extra support being

:41:51.:41:56.

consulted on for contaminated blood victims is coming from the

:41:57.:41:59.

Department of Health budget where there is simply not enough magic yet

:42:00.:42:04.

previously central contingency funds have been used for national scandals

:42:05.:42:08.

such as Equitable Life. Before the spending review, 18 MPs from six

:42:09.:42:13.

parties wrote to the Chancellor asking that the ?230 million to

:42:14.:42:16.

Treasury was getting from the sale of the blood products company could

:42:17.:42:22.

fund a fair sentiment for contaminated blood victims. We have

:42:23.:42:26.

had no reply. Will the Minister look at this again? I will ensure she

:42:27.:42:32.

gets her the reply she deserves, because this is a deeply distressing

:42:33.:42:38.

issue. The government takes it very seriously indeed. I don't believe it

:42:39.:42:41.

is appropriate to use the contingencies fund in this

:42:42.:42:44.

particular case but what I can tell, and she will know the consultation

:42:45.:42:51.

on the reform of financial support to those affected are closed on the

:42:52.:42:55.

15th of April and we will reply in due course. The Department of Health

:42:56.:42:59.

has identified additional money from its budget for these purposes. Which

:43:00.:43:04.

is in addition to the 22.5 million they spend on this annually as well

:43:05.:43:08.

as the further 25 million and announced in March 2015. Although

:43:09.:43:17.

more than double the support. The government has paid a leading role

:43:18.:43:21.

in driving forward international action on tax transparency, the

:43:22.:43:24.

introduction of country by country reporting that increased the

:43:25.:43:27.

transparency between multinationals and tax authorities and we're

:43:28.:43:32.

pushing the make this public, led the way throughout the developing to

:43:33.:43:35.

the common reporting standard which will see more than 100 countries

:43:36.:43:39.

exchange information on financial accounts add on a similar initiative

:43:40.:43:45.

for the, we have consistently advocated for public registers of an

:43:46.:43:48.

official ownership going live this month. The planned closure of 137 H

:43:49.:43:58.

MRC offices has clearly been very effecting for the employees,

:43:59.:44:05.

communities, can I ask what steps he has taken two interviews in

:44:06.:44:08.

moratorium on these closures of officers to support the wider work

:44:09.:44:16.

of improving tax transparency? I commend his ingenious ability to

:44:17.:44:20.

raise this particular issue, what I would say is it is important that H

:44:21.:44:26.

MRC's funds are spent in an efficient manner to ensure it is

:44:27.:44:30.

spent on delivering the tax being collected that we want rather than

:44:31.:44:34.

spending it on buildings. The savings from buildings are being

:44:35.:44:39.

spent on collecting more tax. He must've the different approaches

:44:40.:44:45.

that the French and UK seem to have taken towards cases like Google.

:44:46.:44:47.

What more can the Minister to to make sure the public and everyone is

:44:48.:44:56.

getting a good deal. Will he give some assurance that a good deal is

:44:57.:45:02.

achieved? We've already heard from the member for Newark. I remember

:45:03.:45:05.

very well his question and I rather hope he does. It is one per session.

:45:06.:45:12.

He can try again at topical but not in substantive is. What I would say

:45:13.:45:21.

to my honourable friend is that HMRC brought in an assurance receded to

:45:22.:45:27.

ensure that all set settlements are properly scrutinised, HMRC are

:45:28.:45:34.

confident they have reached a fair and proper settlement with Google,

:45:35.:45:37.

and it is worth pointing out that in recent years, we've seen increases

:45:38.:45:45.

in revenue collected by HMRC, increases in yield from their

:45:46.:45:48.

compliance activities including from large businesses. If we are to

:45:49.:45:55.

tackle tax evasion and avoidance effectively to remain within the EU.

:45:56.:45:59.

Will the Chancellor and blistered join with me in calling on all MEPs

:46:00.:46:03.

to support the new anti-tax avoidance directive being voted on

:46:04.:46:09.

tomorrow in the European Parliament? Conservative MEPs abstained at the

:46:10.:46:13.

committee stage and there are worrying noises that they may

:46:14.:46:17.

abstain what again. Can the Minister make it clear now that Conservative

:46:18.:46:23.

MEPs will be voting the directive? In terms of the anti-tax avoidance

:46:24.:46:30.

directive, that was discussed at the cuff in meeting a couple of disco, I

:46:31.:46:34.

can do that and the UK was making the case for us taking strong action

:46:35.:46:39.

and working through an anti-violence tax directive. -- anti-avoidance.

:46:40.:46:47.

That will also be addressed in the meeting next week, the UK is pushing

:46:48.:46:54.

for progress and working cooperatively with other member

:46:55.:46:56.

states to ensure we make progress on this. I am mystified whether

:46:57.:47:02.

Conservative MEPs will be voting for it tomorrow or not, I just live in

:47:03.:47:07.

hope that they will. But the European directive did show the

:47:08.:47:15.

value of European Union Corporation, as part of that cooperation

:47:16.:47:19.

following the raids on Google's Paris offices, can the chance to

:47:20.:47:22.

learn from the house would arrangement are in place with the

:47:23.:47:25.

French authorities for sharing information from the raids, and if

:47:26.:47:29.

new evidence comes to light, for the Chancellor stand ready to reopen his

:47:30.:47:34.

deal with Google? -- will the Chancellor stand ready? The first

:47:35.:47:41.

point I have to remind the Shadow Chancellor of is all settlements are

:47:42.:47:46.

reached by HMRC, operational matters are rightly for HMRC and not

:47:47.:47:51.

Treasury ministers. But of course HMRC, if there is new evidence, will

:47:52.:47:56.

take that into account. But the position is that HMRC have made it

:47:57.:48:03.

very clear that under the law that existed between 2005 and 2015, they

:48:04.:48:08.

believe they have reached a settlement that ensures that the

:48:09.:48:11.

right amount of tax has been collected, that is what their job

:48:12.:48:16.

is. Our job is to ensure they have the tools and rules and that is what

:48:17.:48:22.

we are delivering. Number one. The core purpose of the Treasury is to

:48:23.:48:26.

ensure these debility and prosperity of the economy. We are great for the

:48:27.:48:33.

Treasury was able to have funding for local infrastructure projects

:48:34.:48:37.

which clinicians the success of the policies being pursued by the

:48:38.:48:41.

government. However they have been no major investments in rail

:48:42.:48:46.

infrastructure in Hampshire and is holding back our productivity. Will

:48:47.:48:51.

he meet with me, local councils and enterprise partnership to sort out

:48:52.:48:53.

this issue as a matter of urgency as we have committed to 102,000 new

:48:54.:49:00.

homes by 2030 and our roads are already full? Thirsting I would say

:49:01.:49:07.

she's absolutely right to raise the issue of investment and

:49:08.:49:11.

infrastructure in Hampshire -- the first thing I would say. Of course

:49:12.:49:15.

there was money going into the road infrastructure like the 27 and some

:49:16.:49:19.

investment in rail infrastructure like Southampton Central Station but

:49:20.:49:24.

there is room to do more, as someone who has some experience of the rail

:49:25.:49:27.

services from Portsmouth, I know they're not as good as they could

:49:28.:49:31.

be, so I'm happy to meet her and her colleagues and local businesses to

:49:32.:49:37.

see what we can do. In Scotland we have introduced the anti-avoidance

:49:38.:49:44.

rules on avoidance taxes, the SNP have called on the Chancellor

:49:45.:49:47.

repeatedly to embody compliance by guaranteeing that the beneficial

:49:48.:49:51.

ownership of companies and trusts is made public. Has he taken steps to

:49:52.:49:55.

ensure the people of the UK that this progressive step will happen?

:49:56.:50:01.

The UK is bringing in a register open official ownership for

:50:02.:50:07.

companies and in terms of trusts, where there are tax consequences,

:50:08.:50:13.

that also will be included. So yes, the UK's leading on that and we are

:50:14.:50:16.

pretty well the first country to do so. I have been conducted by a

:50:17.:50:22.

number of constituents who are having difficulty with this year's

:50:23.:50:26.

online HMRC self-assessment system, in particular the level of customer

:50:27.:50:29.

service they are getting from the help desk. Will he look into this

:50:30.:50:34.

issue as a matter of urgency so we can get a speedy resolution to the

:50:35.:50:38.

problems and ensure my constituents are not penalised? Can I thank my

:50:39.:50:44.

honourable friend for her question. In terms of the specific points, I

:50:45.:50:49.

would be happy to meet with her, to discuss this. I would also say to

:50:50.:50:54.

her that the customer performance of eight see last year and clearly not

:50:55.:50:59.

at an acceptable level, for the run-up to the self-assessment

:51:00.:51:04.

deadline at the end of January, a decent of calls were getting through

:51:05.:51:07.

first time, the average waiting time was less than five minutes. That can

:51:08.:51:11.

be improved upon but it is a much higher performance than has been

:51:12.:51:18.

achieved in HMRC's previous history. I noticed the Minister has yet to

:51:19.:51:21.

properly respond to the Shadow Chancellor's question about the new

:51:22.:51:26.

anti-tax avoidance directive in the European Parliament, being voted on

:51:27.:51:30.

tomorrow. In light of Conservative MEPs's abstention at committee

:51:31.:51:33.

stage, will someone confirm whether they will be supporting it tomorrow?

:51:34.:51:42.

The text of -- the text has not been finalised. It was the skirt at the

:51:43.:51:45.

Council of ministers meeting a couple of weeks ago. -- it was

:51:46.:51:51.

discussed. It will be discussed again on the 17th of June. It is not

:51:52.:51:56.

been finalised. The position of the UK Government is clear. We want

:51:57.:52:00.

something that is strong and effective and that is the case we

:52:01.:52:02.

have been advocating in the Council of ministers. The evolution of

:52:03.:52:08.

business rates allowing local areas to shape their own future will be a

:52:09.:52:13.

real benefit to my constituency of Kingston, making it one of the

:52:14.:52:17.

highest council taxes in the country and receive one of the lowest

:52:18.:52:22.

government grant in return. Could he confirm when the first devolution

:52:23.:52:30.

deals will be rolled out? My honourable friend and local council

:52:31.:52:33.

have been at the forefront of calling for this major reform of

:52:34.:52:38.

local government finance, which is now being undertaken across the

:52:39.:52:41.

whole country, but I can confirm that London would be moving ahead of

:52:42.:52:45.

many other areas and will start the retention of business rates and

:52:46.:52:55.

local areas from April 2017. The public finance will be at risk and

:52:56.:53:01.

will push up energy bills to businesses and consumers. For the

:53:02.:53:04.

Chancellor redirect the investment to clean, safer and cheaper energy

:53:05.:53:09.

sources such as carbon capture? The first thing I would say is they were

:53:10.:53:14.

remarkable figures recently that showed that 25% of UK ex-fatigue

:53:15.:53:18.

generation is now from renewable energy, second only to Germany. It

:53:19.:53:25.

is a translation of our energy supply under this Conservative

:53:26.:53:28.

leadership. We need to renew the next generation starting with

:53:29.:53:32.

Hinkley point, but the deal we have signed to make sure that taxpayers

:53:33.:53:36.

are not exposed to the construction risk. I note the government is going

:53:37.:53:43.

to publish a report on the progress of payments to Equitable Life

:53:44.:53:45.

policyholders who are victims of the great scam and I congratulate the

:53:46.:53:51.

government on the progress made to compensate those individuals. Will

:53:52.:53:53.

my right honourable friend undertake to review the amount of money paid

:53:54.:53:59.

to those victims of the scam so they can make good on the debt of honour?

:54:00.:54:06.

What I can announce is that while the Equitable Life payment scheme is

:54:07.:54:10.

now closed to new claims, that payments that are being made under

:54:11.:54:17.

the scheme are not only tax free but will continue for the life of the

:54:18.:54:19.

element. Relevant and unity. It has concluded that GDP growth was

:54:20.:54:37.

also 40 possible bundle the Chancellor listen to the experts and

:54:38.:54:40.

offer investment instead of idyllically driven austerity? Both

:54:41.:54:48.

the downward predictions are specifically for this year and in

:54:49.:54:52.

both cases, both organisations attribute that to the referendum on

:54:53.:54:56.

our membership of the EU and potential exit from the EU but if

:54:57.:55:01.

the country votes to remain, they expect activity to bounce back and

:55:02.:55:03.

they haven't revised down growth for next year. Just the Minister share

:55:04.:55:09.

my concern about the activities of and villains chasing law firms who

:55:10.:55:14.

encourage fraudulent whiplash claims of which I have had personal

:55:15.:55:17.

experience, and can the Minister update the house on the government

:55:18.:55:20.

was macro plans to clamp down on this outrageous practice? I hope

:55:21.:55:30.

that my honourable friend has only experienced the ambulance chasers

:55:31.:55:35.

and not the whiplash stop he is right to holler the cost was put on

:55:36.:55:40.

motorists. We estimate it is about ?90 a year, which is why we have

:55:41.:55:46.

taken steps to reform this area and lastly in the Autumn Statement we

:55:47.:55:50.

announced further reforms which will remove the right to cash

:55:51.:55:54.

compensation for minor whiplash injuries while ensuring genuine

:55:55.:55:54.

claimants are rehabilitation. Genuine tax avoidance must be

:55:55.:56:05.

tackled, but HMRC pursuing people who invested legally in scheme is

:56:06.:56:09.

not to avoid tax now being hit with accelerated payments is an front --

:56:10.:56:19.

affront. Will the Chancellor meet with me and a group of affected

:56:20.:56:24.

people who are Dutch mentally affected by this issue? I completely

:56:25.:56:29.

disagree with the honourable member. He is opposing a measure we

:56:30.:56:33.

introduced that says to people who are in dispute with HMRC about the

:56:34.:56:37.

money they pay because of their potential use of tax evasion or

:56:38.:56:40.

avoidance seat dreams, that they should win upfront and if they win

:56:41.:56:42.

their case they should will get their money. We have raised hundreds

:56:43.:56:49.

of millions of pounds for public services, one some key court

:56:50.:56:52.

judgments and I find it remarkable for a Liberal Democrat to be siding

:56:53.:56:55.

with those who want to try and debate their taxes. Will the

:56:56.:57:03.

Chancellor agree with me that we need to work with our businesses to

:57:04.:57:07.

tackle our productivity, especially ensuring that we have a skilled

:57:08.:57:11.

workforce in engineering and design and technology to boast our economy

:57:12.:57:16.

further? I completely agree with our honourable friend and I know how

:57:17.:57:20.

much she champions skills in her constituency, in Wiltshire. Of

:57:21.:57:27.

course the apprentice levy, which is coming in soon, now legislated for,

:57:28.:57:31.

will ensure we are able to increase the amount of apprentices in this

:57:32.:57:35.

country towards a 3 million that we committed to in the manifesto. More

:57:36.:57:40.

money will go into skilled apprenticeships in fields like

:57:41.:57:42.

design and engineering that she wants to see more of. So do I. Many

:57:43.:57:48.

constituents of mine, including those working, are telling me that

:57:49.:57:53.

their employers are attacking their terms and conditions because of the

:57:54.:57:58.

National living wage. Does he believe that this abuse should not

:57:59.:58:01.

go on, because it's giving constituents overall a minor pay

:58:02.:58:06.

cut? We certainly expect businesses to pay the national living wage, and

:58:07.:58:09.

to honour not just the letter of the law, and we have increased

:58:10.:58:13.

enforcement of the living wage through HMRC, but also the spirit of

:58:14.:58:17.

it, which is that people should pay that wage and not find ways to cut

:58:18.:58:21.

other allowances to make good on paper.

:58:22.:58:30.

gender pay gap figures. What steps is he'll she taking to reduce the

:58:31.:58:33.

gender pay gap in the financial services sector? I rework on this

:58:34.:58:39.

question, because our financial services sector is not only our

:58:40.:58:42.

highest-paid sector, but it's also the one with the widest gender pay

:58:43.:58:46.

gap. That is why we have launched the women in finance Charter, and

:58:47.:58:50.

asking all financial services firms to implement the recommendations,

:58:51.:58:57.

the Indy Chief Executive's excellent review into the and representative

:58:58.:59:02.

of senior women in financial services. The government has made

:59:03.:59:08.

significant public spending cuts affecting disabled people, including

:59:09.:59:14.

nearly ?30 million in cuts. Given that disabled people are twice as

:59:15.:59:17.

likely to be living in poverty than the general population, how many

:59:18.:59:20.

more disabled people will be living in poverty by 2020? Mr Speaker,

:59:21.:59:27.

spending on disabilities bending is going up, not down. There are many

:59:28.:59:32.

people getting the highest rate than there were in DLA, there are 200,000

:59:33.:59:37.

people more getting carers's allowance, more people getting helps

:59:38.:59:44.

remote ability. We are working on the employment disability gap, which

:59:45.:59:50.

is so important. It has remained stubbornly wide, but the most recent

:59:51.:59:59.

report did show a decrease. 10% of our GDP comes in through each

:00:00.:00:06.

import, that link road will still seeing the opening. Part of economic

:00:07.:00:12.

plan is to show that this area of Lancashire is going to be

:00:13.:00:17.

regenerated, would my honourable friend my diary permitting, like to

:00:18.:00:22.

open the road? I remember visiting the road with my right honourable

:00:23.:00:26.

friend the primer Minister, just days before the general election. --

:00:27.:00:34.

the Prime Minister. His constituents said, let's have him back in

:00:35.:00:38.

Parliament championing more investment in Lancashire. Diary

:00:39.:00:43.

permitting, I would be delighted to open the link road. When I was in

:00:44.:00:47.

Northern Ireland yesterday, I met the company that trades between

:00:48.:00:52.

he/she Warrenpoint, and they are investing in more jobs there. Wales

:00:53.:01:01.

will be left with a vastly inferior fiscal settlement to both Scotland

:01:02.:01:08.

and Northern Ireland. Why can't Wales have corporation tax powers

:01:09.:01:11.

like Northern Ireland, and devolution like both countries? I

:01:12.:01:16.

totally agree with him that we need to get on with income tax

:01:17.:01:20.

devolution. I will be having further meetings with the worst government

:01:21.:01:23.

to make sure that we do that. At the same time, we will need to look at

:01:24.:01:29.

questions like the block grant. -- with the Welsh government. We have

:01:30.:01:38.

said of course the funding floor at 115% for the duration of the

:01:39.:01:44.

parliament. The economy in the West Midlands has been one of the

:01:45.:01:46.

fastest-growing subregions in the UK over the last few years, with new

:01:47.:01:49.

jobs and investment. With the Chancellor agree with me that we

:01:50.:01:52.

need to continue to focus on investment and growth in the Black

:01:53.:01:55.

Country, and avoid the economic risk that would come from as leaving the

:01:56.:02:01.

European Union? I agree with my friend on both counts. First of all,

:02:02.:02:05.

I think there's an enormous amount of exciting news in the Black

:02:06.:02:08.

Country, and businesses there are growing and creating jobs and there

:02:09.:02:11.

is more investment coming into that part of the country that he

:02:12.:02:14.

represents so well. I think that that economic growth is at risk if

:02:15.:02:19.

we read through European Union. We had today warnings from the chairman

:02:20.:02:24.

of the Federal reserve, the head of Hitachi and the World Trade

:02:25.:02:27.

Organisation all telling us that there is a real economic risk for

:02:28.:02:33.

the UK if we vote to leave. What assessment has the Chancellor made

:02:34.:02:38.

of the impact on the British economy of overcrowding in London and South

:02:39.:02:41.

East airports, and how much will further delay cost us? It absolutely

:02:42.:02:49.

clear that we need additional runway capacity in the south-east of

:02:50.:02:52.

England. That's what the Davis report suggested. Of course the

:02:53.:02:55.

government now needs to come forward with a conclusion to the report, but

:02:56.:02:59.

we did want to address the issue of air quality when we raise that

:03:00.:03:02.

issue, people said was necessary to look into it this remark when you

:03:03.:03:05.

look at the last few months, when you look at the debate in the mail

:03:06.:03:09.

context, you can see that our quality is an important issue to get

:03:10.:03:14.

right. Where close to finishing that, and will report back on the

:03:15.:03:18.

commission and future airport capacity. Just before I call on the

:03:19.:03:23.

honourable gentleman, I should explain that on account of the

:03:24.:03:28.

subsequent business, its importance and the likely levels of

:03:29.:03:33.

subscription to it, it will run for a maximum of half an

:03:34.:03:34.

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