Live Treasury Questions House of Commons


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England. Please join me for a round

of at 11, but now we have questions

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from the Chancellor of the

Exchequer, Philip Hammond and his

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team.

Order, order. Questions for

the chance lobbyist Jack.

With your

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permission, I would like to ask this

fashion. The national living which

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will rise to £7 83. That is a pay

rise of £2000 to the average worker.

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This has helped to reduce the

proportion of full-time jobs that

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are low paid to the lowest level in

at least 20 years. At the same time,

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in work benefits support the income

is of poor households and Universal

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Credit will mean that it always...

That is why we are increasingly

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productivity to over £31 billion.

Mr

Speaker, the predecessor George

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Osborne boasted that the minimum

wage would be over £9 an hour by

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2020. He has downgraded that

forecast. Now that we are in the

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middle of the longest full in living

standards in history, why should the

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very poorest people pay for the

crisis?

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Boyd I have just pointed out that

those people have games 2000 fans a

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year. -- £2000 a year. It will

continue to do so, on the other

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point he will note that real

household disposable income per

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head, a much more appropriate

measure of living standards is

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almost 5% higher in 2069 it wasn't a

dozen ten.

-- was in 2010.

Isn't the

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best policy for which is to stay in

the single market?

The best policy

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for Britain, including for the wages

of British workers, is to get a good

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deal with the European Union, that

secures high-levels have access to

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European markets after we leave the

European map union. That is what we

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intend to do.

In mice constituency,

one of the key things is to make

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sure that we attract businesses that

secure high-paid jobs. Will you join

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me encouraging all those involved in

future developments, to ensure that

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we attract high-tech, innovative

businesses.

Yes, Mr Speaker. That

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was indeed the central theme of the

budget. If we are to insure

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prosperity for all in the future, we

have to embrace the technologies of

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the future, the businesses of the

future, and make sure that we create

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the jobs of the future and be

prepared to invest in the

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destruction that is needed to

support them, and giving out people

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who still skills that they will need

to take advantage of those higher

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paid jobs.

The fact is that

disposable income is set to fall,

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and the cost of living is rising

faster than pay can keep up. The

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area that you have a direct response

ability for, public sector money,

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isn't it time to remove those pay

restraint on the lowest paid workers

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that Tamoaieta -- to ensure that...

The blanket cap has been removed,

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that was announced in July.

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Challenges for improving workforce

efficiency, and make proposals to

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the pay review bodies accordingly.

The Conservatives want people to

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keep more of the wages that they do

and, and when they first came to

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power in April 2010, disgracefully,

people earning as little as £6,500 a

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year had to pay income tax, now that

they can and over 11 thousand pounds

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before incurring income tax.

Yes,

£11,850, my honourable friend is

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exactly right. And that is by

keeping to our commitment that we

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made in our manifesto, of

increasingly personal allowance to

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£12,500 by 2020, and we will ensure

that people keep more of their

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income. Going back to the original

question, people on the national

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living wage, after tax terms are

£3600 better off a year better than

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they would have been into Government

ten.

Stagnating wages, high

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inflation, why has this Government

not entered the public pays the --

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pay cap?

I don't know if you are

listening, we have ended the blanket

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pay cut across the public sector,

and are allowing secretaries of

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state to make a recommendation to

the pay review bodies that reflect

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the circumstances of their

individual workforce.

My

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constituency is in the top ten of

all constituencies with the highest

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proportion of those on the minimum

wage. The rise to £7 83 will be most

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welcome, indeed. Do you agree that

moves such as theirs, and increasing

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personal allowance, will help reduce

income inequality in my contingency

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and the country at large?

My

honourable friend is exactly right.

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The uncomfortable fact for the front

bench opposite, is that income

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inequality is the lowest it has been

since the mid-19 80s, lower than it

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was at any point jokingly 13 years

of Labour Government. -- during 13

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years of Labour Government.

With you

further agree that it is the

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policies of this Government that has

made that possible?

Yes, Mr Speaker,

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and it is indeed one of the proudest

achievements of this Government,

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that since 2010, we have created 3

million new jobs in this country.

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The right honourable gentleman might

reflect on his prediction in 2011

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that the policies of this Government

would cost this economy 1 million

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jobs. That's undoubtedly slightly

wide of the mark.

In the last five

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years, the gender pay gap is only

for them by .4%. If this trend

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continues it will take 113 years for

women to be on an equal footing. Why

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is the Chancellor not do more for

women who are paid less than men?

It

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is a protein of the Government to

continue to close the pay gap. That

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it is a priority of the Government.

It is now at its lowest level ever.

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I have been advised that the

honourable lady would like to

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proffer a second contribution, now.

We will wait for that silly to

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stage.

Thank you. What is the

connection between low wage growth

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and the slump in productivity?

As

the honourable gentleman will know,

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in the end, wages can only be paid

for by the productive output of

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workers and increasing the

productivity of the workers in the

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British economy, so if they can

produce more and earn more, in a way

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that allows them to remain

competitive, whilst paying them

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more.

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Mr Speaker, Universal Credit has

already been very successful at

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getting more people into work, by

making sure that work with pace, and

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that has boosted household incomes.

Origi gist of the Universal Credit

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programme last -- all changes, this

content across the all house, what

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is surprising is that rather than

halt the botched roll-out, the

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Government has only chosen to give

that £1 to every £10 cut from the

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system. No, thank you. Will you

accept that isn't now and matter of

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urgency, and proper action is taken

to address the real human suffering

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imposed in our communities caused by

this rule out -- roll-out?

I think

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we should remember the 1.4 million

people who spent the previous decade

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under Labour chat in poverty,

because every pound they earned was

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taken away in benefits. And that, is

why we have introduced Universal

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Credit, because every extra hour of

work pays, and all the evidence

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suggests that it is much better than

the previous scheme, employment pays

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and people on Universal Credit are

more likely to be in work.

Would my

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right honourable friend want to

comment on the irresponsible scare

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stories put out by the BBC, first on

Radio 4, and then on BBC breakfast

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time across all media platforms,

that 100,000 people working in

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Universal Credit that they would

receive no benefit over the

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Christmas period?

I think it is

disgraceful that that fake news was

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put out on our national board

caster, when -- broadcaster, when

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Universal Credit is helping people

get into work and annexed the money.

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I think it is particularly poor,

that some of the lowest income

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people in our society have been

unnecessarily worried when in fact,

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under Universal Credit, everybody

can receive and advance, in advance

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of getting that payment.

Thank you

to Mr Speaker. Even after the

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changes to Universal Credit, it

would still make young, single

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parent families with school-age

children, £6,000 a year worse off

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that is a BR figures. I think we

should remember that without further

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action to stop it, this Government

is going to push a million

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additional children into poverty,

and I want to know what the

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Government will do about that?

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On and on and at a 30 year low,

thanks Ali policies...

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-- I would tell the honourable lady

this... Rather than leaving people

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on the scrapheap with Universal

Credit, like under the Labour

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Government, it helps people get into

work. We have seen the fastest

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employment growth has been amongst

the lowest income people in our

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society.

Stephen Kerr.

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I welcome the changes in Universal

Credit announced in the budget

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speech. Did my honourable friend

note that in the budget and Alceste

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EIF S said that the changes in the

Universal Credit would still mean

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that people find it difficult to

cope with the six-week wait.

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He is correct and we have been

making changes to Universal Credit

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to make sure it works for everybody.

We have rolled it out gradually to

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make sure it is effective. Unlike

previous botched efforts of tax

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credits under the previous Labour

Government... We have learnt lessons

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and we are helping more people

getting to employment. We have the

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lowest unemployment since 1975 and

the people who benefited most IB

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lowest earners in society.

Universal Credit is being rolled out

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in Bishop Auckland over Christmas

and this will affect 10,000

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households. On the Government's

figures, we know this will take £20

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million out of the local economy.

Surely she can see that this is bad

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for jobs and bad for local shops.

Hear, hear..

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With respect, I don't think the

honourable lady is taking into

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account the extra income which will

be earned by those families because

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they are more likely to be in work

under Universal Credit. That is

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where the benefit is, rather than

keeping people in a poverty trap,

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where they were losing £1 for every

extra pound they were earning. Work

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always pays under Universal Credit

and people are able to end money to

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support families.

Question number four.

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Minister Andrew Jones.

The Government is investing over £1

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billion to stimulating market to

build next-generation digital

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infrastructure the UK needs for the

future and in the autumn Budget we

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launched a £190 million challenge

fund for five broadband, many

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millions to develop five G networks

and £35 million to introduce mobile

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connectivity for rail passengers.

Last week I held at Westminster Hall

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debate on the catastrophic belly of

the Scottish Government to allow

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superfast broadband for communities

in Scotland. In the debate, the

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Minister for Digital confirmed

millions of pounds in taxpayer money

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has not been released by the

Scottish Government to deploy

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superfast broadband. Can I ask my

right honourable friend what

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discussions he has had with

ministers from the Scottish

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Government to ensure the money gets

to where it needs to be, including

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rural communities in need of this.

The Government is supporting the

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roll-up of superfast broadband

across the UK and that has included

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allocating over £120 million to help

the Scottish Government deliver 100%

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superfast coverage in Scotland by

2021. To be specific, the Minister

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for digital discussed with the

Scottish Government on the 6th of

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November and have further

discussions this week.

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Mr Speaker, this is not good enough.

If we will tackle the appalling

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productivity levels in our country,

we need to invest in this

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infrastructure and we need to invest

in skills and we need to invest in

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top-class management. Get its act

together and do it!

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I think the honourable gentleman may

have missed some of the

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announcements in the budget. Perhaps

I can highlight one particularly

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which is the £740 million for the

national productivity investment

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fund allocated for digital

infrastructure.

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The honourable member for Norfolk is

looking upbeat. George Freeman.

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Nice to be back. Could I welcome on

behalf of my constituents the

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Digital announcement in the budget

last week and the size of the team

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in charge of the economy unlike the

Marxists opposite?

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Hear, hear.

Could he agree that we need public

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sector leadership to create a

private funding partnership and

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announce a public infrastructure

leadership Academy as part of the

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budget?

I think my honourable friend is

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making a typically insightful point

and I think that digital improvement

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is one of the key drivers of making

our productivity improved. I am

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happy to entirely agree with the

widest points he has made.

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Thank you, Mr Speaker. When the

local authorities be told the basis

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on which they will be invited to

apply for the new money that has

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been earmarked for the Government?

And the Minister assure me that when

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money is distributed it will be done

on the basis of the need an area not

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just the population numbers?

I will look into the point made

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there and write to him with the

answer.

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Mr Speaker...

The Government recognises the

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importance of regional airports, not

least for connectivity for small,

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local communities. That is why,

despite the fact there is no VAT on

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airline tickets or duty on aviation

fuel, we have frozen the APD rate

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for a long haul economy flights as

announced in this budget.

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Thank you for that reply. Many of

the flights from our major airports

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are internal domestic flights were

passengers end up paying APD twice

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and both likes of their journey. In

order to support small regional

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airports, with the Minister consider

cutting APD on internal flights by

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50%, something I believe once we

leave the EU we will be able to do?

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My honourable friend races in

interesting point. -- he raises an

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interesting point. We look to

address this in 1998, when there was

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a ruling by the European Commission

saying that under state aid rules

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were unable to do that. Once we have

left the European Union, depending

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upon the details of the agreement

under which we do that, this might

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be something we could be able to

revisit.

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The Treasury modelling shows that

Newcastle Airport in my constituency

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will be the most affected by the

devolution of air passenger duty to

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Scotland, so can the Minister

confirm what actual progress the

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Government has made on ensuring the

impact is mitigated for English

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regional airports?

Mr Speaker, as I have already said,

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we have in this budget frozen APD

for a long haul flights, that our

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economy. This comes on the back, Mr

Speaker, the number of actions taken

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to reduce APD over the years. In

2014 week at APD and in the same

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year we exempted children from APD

on economy flights also. We will

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continue, Mr Speaker, to review as

we do all taxes going forward in

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light of the issues the honourable

lady has raised.

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In light of the welcome announcement

last week the Chancellor made about

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the possible review of air passenger

duty in Northern Ireland, with the

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Minister take account of the fact

that all our airports, Belfast city,

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international, Londonderry, have a

serious disadvantage when competing

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with airport in the Irish Republic

who all have a very significant

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ignorance of APD and review that

accordingly?

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This question, the Chancellor made

it clear we will be undertaking a

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full call for evidence and review of

the matters both of APD and VAT and

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impact on tourism, which we

recognise is so vital to the

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Northern Ireland economy.

Mr Speaker. With your permission, I

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would like to answer this question

together with questioning 11. The

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Government recognises the importance

of closing the economic gap between

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regions of our country, as an

economic and social priority. And

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the industrial strategy is focused

on doing so. Mr Speaker, if we

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eliminate or just have the

productivity gap with London, we

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would add £300 billion to our gross

domestic product... That is £4600

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for every man, woman and child in

this country and that is why the

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budget announced a raft of measures

designed to move forward our

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progress in doing so.

The economic case for a wider

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Yorkshire court settlement is

compelling, so is supported by the

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by the CBI, the IOD, the FSB and the

TUC, and of course the Chancellor's

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own colleagues in local government.

Does he recognise the strength of

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economic argument and if so can he

speak to his colleagues?

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Mr Speaker, the Government is

committed the Sheffield city region

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deal, which will bring £1 billion of

new Government investment to the

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area. We recognise the debate going

on about possible wider Yorkshire

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-based deals. We are happy to

consider that if it can be done in a

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way that does not disrupt the

existing deal agreed for the

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Sheffield city region, that is.

Thank you, Mr Speaker. The Bank of

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England deputy governor argued that

it could perhaps lead to a sharp

0:21:220:21:25

step down in the UK productivity

growth. This is likely to hit

0:21:250:21:29

regions in different ways and today

mobility commission talked about the

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widening geographic divide. What

impact does he believe the

0:21:330:21:38

Chancellor, that is, his extra

resources talked about in light of

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preparation for Brexit, will have in

tackling regional productivity

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issues and social mobility?

We know some of the things that

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cause and drive low productivity

performance. Regional differences is

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one thing and low levels of capital

investment in private businesses is

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another. Relatively low levels of

public infrastructure investment,

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and poor skills. What we set out in

the budget is a raft of measures

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which will address all of them. The

end result of this is that this

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Government on average over this

Parliament will be investing £25

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billion per year in real terms more

than the average that the Labour

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Government did over a period in

office.

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Richard Bacon.

To encourage economic growth in

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stoke the local council is offering

serviced plots of land to finance

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directors and managing directors to

build they houses and bring

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businesses and invest, grating more

jobs and economic growth. Does the

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Chancellor agree this is a model

that could be followed elsewhere?

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Each other as in all other areas of

policy, custom house building has a

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great deal to offer economic growth?

My honourable friend has been

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consistent in arguing the case for

the promotion of self building

0:22:520:22:56

custom houses and it has an

important role to play in our

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ambition of delivering 300,000

homes, net additional homes per

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year, by the middle of the next

decade.

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Does my right honourable friend only

in seeing the potential for a big

0:23:070:23:16

amount of investment in the

north-eastern Scotland investment to

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happen because of the Budget and

could he encourage the SNP in

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Scottish Labour to get on board?

I am happy to agree with my

0:23:250:23:29

honourable friend that the North Sea

as a basin is coming towards the end

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of its life, but nonetheless there

are many billions of barrels of oil

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potentially to be exploited there,

which involve very large amounts of

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economic activity in the region and

potentially significant receipts to

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the Treasury. The measure that we

have taken will stimulate economic

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growth in the region and ethical

goes well, we will also see a

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generating a windfall to the UK

Exchequer.

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The Chancellor is right to say that

all productivity levels and regional

0:23:580:24:04

variations within that are closely

linked to skills and education. You

0:24:040:24:07

also know that this starts in the

earliest years of a child's live.

0:24:070:24:11

We'll Chancellor look very kindly at

Greater Manchester to boost school

0:24:110:24:20

readiness in early years. It is a

small the money to innovate and

0:24:200:24:23

transform these remote years.

I heard what the honourable lady

0:24:230:24:28

said and my honourable friend tells

me that he is meeting with the mayor

0:24:280:24:31

of Manchester next week to discuss

this issue.

0:24:310:24:35

Thanks to this Government investment

of £22 million pledged by the local

0:24:350:24:42

authorities, children can look

forward with confidence to a cyber

0:24:420:24:45

hub creating cyber excellence in the

home of GCHQ. Isn't this the kind of

0:24:450:24:49

project which will drive opportunity

and productivity growth in

0:24:490:24:55

constituencies like mine?

Is. GCHQ is a world-class resource

0:24:550:24:58

and the way it has engaged in

seeking to use its expertise to

0:24:580:25:06

create a world-class cybersecurity

business as a business sector in the

0:25:060:25:10

UK economy is exemplary and we

should encourage them.

0:25:100:25:17

Thank you, Mr Speaker. No wonder the

honourable gentleman referred to a

0:25:170:25:22

leadership E. Three quarters of the

Cabinet queueing up to get into it,

0:25:220:25:26

basically. Mr Speaker, what specific

impact does the Chancellor think a

0:25:260:25:33

1,000,000,002-year grant, that is

the equivalent to the one he gave to

0:25:330:25:36

Northern Ireland, would have on

regional economic growth in, for

0:25:360:25:40

example, my honourable friend for

Barnsley Central, Sheffield city

0:25:400:25:45

region? -- a £1 billion grant for

two years?

0:25:450:25:55

I think my jokes were better than

his. As I said to the honourable

0:25:550:26:01

member for Barnsley, the Sheffield

city region deal would bring £1

0:26:010:26:04

billion of new Government investment

into the area. That will stimulate

0:26:040:26:08

local economic growth and it will

stimulator job creation and it will

0:26:080:26:13

support up skilling in the area and

it will support improvement of the

0:26:130:26:17

infrastructure. Doing these deals

around the country and making funds

0:26:170:26:22

available to local authorities who

know best what is necessary for

0:26:220:26:26

their areas is the way to deliver

enhanced economic growth.

0:26:260:26:35

Thank you, Mr Speaker. I will give

the Chancellor another opportunity,

0:26:350:26:39

that perhaps they could give an

answer to a similar question of

0:26:390:26:41

regional productivity. If you

provided, for example 1000000000

0:26:410:26:54

pounds...

0:26:540:27:04

I am pretty confident that I could

take £1 billion and invested in a

0:27:070:27:11

way that would enhance productivity

and similar economic road.

When

0:27:110:27:23

really is the European Union, we

will insist that we have a robust

0:27:230:27:26

regime in place to make sure that we

have robust measures to take against

0:27:260:27:32

dumping and import surges. Part of

that will be a different role, as we

0:27:320:27:39

have at the same time, to ensure

that we take measures that are

0:27:390:27:42

proportionate in terms of protecting

our consumers. Thank you, Mr

0:27:420:27:57

Speaker. You will be aware that the

trade bill, that will do some of the

0:27:570:28:01

least generous in the world trade

organisation countries. We want to

0:28:010:28:10

make this bill better so that we can

protect British manufacturing.

Next

0:28:100:28:22

year, we will start to pay down the

debt for the first time in 17 years,

0:28:220:28:26

that will reduce the burden on

future generations and help our

0:28:260:28:30

young people.

Today's state of the

nation report made very clear that

0:28:300:28:40

the social mobility barriers that

are facing many young people today.

0:28:400:28:44

Given this Government's record of

cuts to social funding, raising

0:28:440:28:48

tuition fees, and a failure to put

affordable housing for families and

0:28:480:28:52

young people, these findings are

lots of rising. That might not

0:28:520:28:57

surprising.

I will point out to the

honourable gentleman, that you

0:28:570:29:08

thought that employment rose under

the Labour Government to 20%, when

0:29:080:29:12

the left office, but they let down

young people with stagnating

0:29:120:29:15

standards in English and maths,

inflation and rising youth

0:29:150:29:21

unemployment. Under this Government,

we are increasing the number of

0:29:210:29:25

apprenticeships, we have improved

the school curriculum, we have

0:29:250:29:28

brought in new academies and

preschools, and youth unemployment

0:29:280:29:31

is at its lowest level for over 13

years.

Does my honourable friend

0:29:310:29:37

agreed that the budget will support

young people in significantly

0:29:370:29:46

lowering their commuting cost, and

encourage more youth into

0:29:460:29:49

employment?

My honourable friend is

right, of course that will help

0:29:490:29:53

young people, we'll also have

introduced these cup for first-time

0:29:530:29:58

buyers, which will help many net 20s

and 30s get on the housing ladder

0:29:580:30:03

for the first time. We also putting

new money into maths and computer

0:30:030:30:07

science, to help young people get

the skills that they need to succeed

0:30:070:30:10

in the modern economy.

The UK

economy is fundamentally strong, we

0:30:100:30:20

have seen 19 consecutive quarters of

growth, unemployment is at its

0:30:200:30:23

lowest levels for 32 years, and be a

BR -- obeah forecasts...

Does my

0:30:230:30:37

honourable friend agreed that it is

only by investing in infrastructure,

0:30:370:30:43

that we can clearly build a Britain

that is fit for the future?

I very

0:30:430:30:48

much agree with my honourable

friend. It is for that reason that

0:30:480:30:51

the Government has set out a deal

including £250 million. And is --

0:30:510:30:58

for transport scheme such as judge

and ten of the M6.

They need

0:30:580:31:07

superfast broadband. Can the

Minister tell what he's going to do

0:31:070:31:13

what to ensure that happens?

We have

invested in the national

0:31:130:31:21

productivity investment funds,

including a further £8 billion.

0:31:210:31:31

Yellow rag B though the forecast

last week did show that the only had

0:31:310:31:35

grown but only just. There was a

report published this morning that

0:31:350:31:47

did show that household finances

were starting to deteriorate

0:31:470:31:50

somewhat, and I wondered whether,

you could give some confidence that

0:31:500:31:54

the Government is aware of this, and

what they are doing to help

0:31:540:31:58

households to maintain their balance

sheets?

0:31:580:32:09

That is always assessed in line with

the cyclical offers that are set for

0:32:100:32:14

the banks themselves.

Can the

economic Secretary explain why the

0:32:140:32:19

Government has decided to sell its

shares in RBS now at a loss of over

0:32:190:32:24

£26 billion? The public bail out,

yes and they sustained as losses,

0:32:240:32:29

Zhuhai, just... -- but why, should

the public make a massive loss? Is

0:32:290:32:36

it not the case that selling these

shares, and reclassified as the

0:32:360:32:40

association debt is the only way

that the garment can claim that

0:32:400:32:43

their debt is falling. The

Government is not selling their

0:32:430:32:48

shares now. Our attention has always

been to return the money into the

0:32:480:32:51

private sector and to sell the

shares by the end of 2018. What I am

0:32:510:32:56

sure that the honourable gentleman

recognises, if that's the balance

0:32:560:32:58

sheet is now half the size of what

was in 2008, when his party paid a

0:32:580:33:05

share for those shares. So, the bank

is therefore in a very different

0:33:050:33:08

place to the mess that we inherited

from the party opposite.

The budget

0:33:080:33:18

announced the largest increased the

minimum wage in four years. That was

0:33:180:33:25

greater than the increased the bill

over 25 is?

I am afraid that the

0:33:250:33:34

oddments that the Government put

forward, the reality is that under

0:33:340:33:39

25 is not included in the national

living wage. That is the financial

0:33:390:33:44

secretary... Why shamefully

apprentices are paid as little as £3

0:33:440:33:51

70 under this new budget?

As I have

just pointed out, younger workers

0:33:510:33:58

are getting a bigger rise than those

over the age of 25, and the reason

0:33:580:34:02

that there is a lower rate, is that

the vital importance of making sure

0:34:020:34:07

that young people get into work,

they get that work experience, and

0:34:070:34:10

they build up these girls, because

we don't want to end up, where we

0:34:100:34:13

were at the end of the Labour

Government, with 20% youth

0:34:130:34:18

unemployment, and those young people

losing out on opportunities for

0:34:180:34:20

life.

Mr Speaker, with your

permission, I would like to answer

0:34:200:34:29

this question together with question

15. We are expanding the national

0:34:290:34:34

investment funds to provide billion

pounds of investment. We are more

0:34:340:34:44

than doubling the housing

infrastructure funds to £5 billion.

0:34:440:34:47

We have published a national

introduction and construction

0:34:470:34:50

pipeline, delivering the largest

realm modernisation since Victorian

0:34:500:34:53

times. The biggest road investment

programmes of the 1970s, and two of

0:34:530:34:57

the largest independent rail

projects in Europe. Taken together,

0:34:570:35:03

this means that this Government will

invest in average £25 billion Pogba

0:35:030:35:07

and in real terms, than you during

the 1997 to 2010 Government.

I

0:35:070:35:19

welcome the investment in

infrastructure, and the Oxford to

0:35:190:35:21

Cambridge corridor, which will bring

significant benefits to my area. It

0:35:210:35:25

is important is that when we plan

more houses, we get the

0:35:250:35:29

infrastructure in before housing is

in place. Does the Chancellor agree

0:35:290:35:33

with that position?

I agree with my

honourable friend. The Cambridge,

0:35:330:35:41

Milton Keynes, Oxford corridor has

the potential for being a global

0:35:410:35:50

interest-rate corridor. I agree that

we need a joined up plan which

0:35:500:35:53

covers jobs, homes and

infrastructure. Local and national

0:35:530:35:57

Government has worked together with

development and investors to align

0:35:570:36:00

the livery of these elements to

ensure that infrastructure is in

0:36:000:36:04

place. To support the housing growth

in the corridor.

Over the last

0:36:040:36:10

months, we have seen many accidents

on the main artery through my

0:36:100:36:16

constituency, on a 38, I am

currently working with partners to

0:36:160:36:19

get much needed urgent improvements

on this road, could I ask the

0:36:190:36:23

Treasury to make sure that that

extra investment will enable that

0:36:230:36:30

work to under way.

We have committed

to invest over £2 billion in the

0:36:300:36:35

strategic road network in the

south-west, including these first

0:36:350:36:40

steps towards transforming the 8303,

-- A303. Others such as the A38 will

0:36:400:37:01

be included in the real strategy.

The Chancellor will know that even

0:37:010:37:08

after the budget, the south-eastern

and London Worcester have a

0:37:080:37:11

disproportionate share of the

construction spending. Could the

0:37:110:37:13

Chancellor undertake to give an

annual report to Parliament which

0:37:130:37:20

would each other spending and

economic impact of that spending

0:37:200:37:23

across different regions?

Mr

Speaker, and certainly happy to look

0:37:230:37:29

at the information we hold, and

whether it could be presented in a

0:37:290:37:32

way that would satisfy the

honourable gentleman's requirements,

0:37:320:37:37

it is a legitimate question, but of

this infrastructure investment will

0:37:370:37:42

have impact across the country. For

example, investment in HS two, will

0:37:420:37:49

benefit part of the northern England

by more than it benefits the areas

0:37:490:37:54

through which the area will run.

Can

you explain why the rail funding

0:37:540:38:01

firm has been ignored and Scotland's

rail budget has been cut?

In the

0:38:010:38:11

Network Rail 's CP six investment

programme, as I understand it, and I

0:38:110:38:15

will correct myself if I'm wrong,

but as I understand it, the

0:38:150:38:19

allocation to Scotland is exactly

proportionate to the overall England

0:38:190:38:24

Wales and Scotland budget.

Thank

you, Mr Speaker. The huge terms of

0:38:240:38:35

additional houses, and the

additional traffic that will come

0:38:350:38:38

with a new Thames crossing, the

congestion issues that already faced

0:38:380:38:42

the commuters across north Kent,

will the Chancellor outline plans to

0:38:420:38:47

boost investment.

We do have plans

for investment in the region,

0:38:470:38:55

including the lower Thames crossing

project, but I recognise the

0:38:550:38:59

challenge that the honourable lady

presents. If there is going to be

0:38:590:39:05

significant expansion of housing in

the region, it is essential that the

0:39:050:39:09

strategic infrastructure is put in

place. It will be essential that

0:39:090:39:14

we... My right honourable friend,

the community secretary will be

0:39:140:39:21

bringing proposals through in due

course to ensure that we are able to

0:39:210:39:24

capture land uplift for those areas.

The British Government has gone back

0:39:240:39:29

on their promised... What specific

infrastructure project are the

0:39:290:39:40

Government investing in Wales?

The

honourable gentleman says that the

0:39:400:39:44

Government has gone back on a

problem to electrified the railway,

0:39:440:39:48

what passengers care about is the

quality of service, the frequency of

0:39:480:39:53

service, the reliability of service,

and the speed of the service. Train

0:39:530:39:58

technology has moved on, so all of

those requirements can be met with

0:39:580:40:02

the new hybrid trains that are being

deployed on that network.

Thank you,

0:40:020:40:11

Mr Speaker. The UK is a world

leading place to start a business.

0:40:110:40:18

Start-ups create jobs, track

investments, and bring in innovative

0:40:180:40:28

problem jab technologies. We want

our start-ups to grow and succeed.

0:40:280:40:31

That is why the Chancellor has that

at a club heads of package to invest

0:40:310:40:38

in new businesses.

Start-ups and

small businesses form the backbone

0:40:380:40:44

of local economies. I will be

visiting some this weekend at my

0:40:440:40:49

constituency. Can my honourable

friend say what more is being done

0:40:490:40:54

to support these micro-and small

businesses?

Well, I will be visiting

0:40:540:41:02

small businesses, and I agree

entirely with the comment that small

0:41:020:41:05

businesses are the backbone of the

local economy, and that is why the

0:41:050:41:08

Chancellor responded to the number

one ask in business, by announcing a

0:41:080:41:14

£2.3 billion package to reduce

business written in the budget. That

0:41:140:41:22

was worth approximately £9 billion

over five years. It is why our

0:41:220:41:26

modern industrial strategy provide

continued funding to ensure that

0:41:260:41:30

businesses can access support

locally.

0:41:300:41:36

What assessment has the Minister

made on the impact to the economy of

0:41:360:41:40

small businesses started out by

disabled entrepreneurs? How can we

0:41:400:41:43

champion this and access the

potential of people with

0:41:430:41:49

disabilities for our economy?

I think she makes a valuable point

0:41:490:41:52

and by raising the question here in

the House and discussing it in our

0:41:520:41:56

political system we highlight that

disability should not be a problem

0:41:560:42:00

in terms of starting businesses. She

makes a valuable point and I agree.

0:42:000:42:08

Number 16.

As a result of the Government

0:42:080:42:12

decision to bring public finances

back under control, the forecast has

0:42:120:42:18

sustained GDP from next year onwards

with debt falling from 86.5% of GDP

0:42:180:42:23

to 79.1% by 2022 - 23. The first

sustained decline in debt for 17

0:42:230:42:30

years.

Thank you for that contribution.

0:42:300:42:34

Could he comment on the impact on

the economy of raising debt by £500

0:42:340:42:37

billion?

Increasing debt by £500 billion

0:42:370:42:44

would increase debt interest by £7

billion per year. This would reduce

0:42:440:42:49

our economic and fiscal resilience

and drown out spending on valuable

0:42:490:42:54

public services and pass a greater

debt burden to future generations.

0:42:540:43:00

The answer the Minister gave some

years ago on the sale of RBS shares

0:43:000:43:04

to deal with Government that's...

Only confirm the Government will

0:43:040:43:09

abide by the commitment of the

Chancellor predecessor not to sell

0:43:090:43:12

below the acquisition price?

As the

honourable gentleman will remember

0:43:120:43:20

from my reply earlier, the bank is

in a different place from 2008 when

0:43:200:43:24

shares were purchased. That reflects

action taken to simplify the balance

0:43:240:43:28

sheets and make it a safer, more

streamlined bank.

0:43:280:43:34

The Government has made considerable

progress... Sorry, Mr Speaker,

0:43:340:43:38

number 18.

Youth unemployment has decreased by

0:43:380:43:45

8.3% since 2010. It is now at its

lowest rate for over 13 years but we

0:43:450:43:52

are not complacent. Thus we are

investing in skills to get more

0:43:520:43:57

young people into jobs.

The Government has made significant

0:43:570:44:02

progress on reducing youth

unemployment and in the area I

0:44:020:44:05

represent in the Black Country too

many young people emerge from

0:44:050:44:07

education with a lack of basic

skills, which holds the region back.

0:44:070:44:11

Would you agree that we need to

continue to invest in skills,

0:44:110:44:16

particularly for young people who

lack basic skills, so they can take

0:44:160:44:19

advantage of opportunities?

My honourable friend is correct.

0:44:190:44:24

That is why we are putting extra

money in the budget in terms of

0:44:240:44:28

tripling the number of computer

science teachers, giving £600 to

0:44:280:44:32

every school and sixth form College,

where students take Cormac maths or

0:44:320:44:36

A-level maths, to make sure all

young people have the best start in

0:44:360:44:40

life?

Topical questions, Danielle rolling?

0:44:400:44:47

Mr Speaker, the budget laid out the

Government vision for a global

0:44:470:44:51

Britain after we leave the EU, and

our ambitious plans to the long-term

0:44:510:44:56

challenges that we face, so we can

build an economy fit for the future.

0:44:560:45:00

Our balanced approach enables us to

give households and businesses the

0:45:000:45:05

support they need in near term as

well as investing in future for this

0:45:050:45:10

country. The investment in our

indeed, infrastructure, skills and

0:45:100:45:14

housing, we will seize opportunities

of a rapidly changing economy, while

0:45:140:45:18

being there to the next generation

by reducing the national debt that

0:45:180:45:22

remains too large.

Mr Speaker, members will have heard

0:45:220:45:27

last week about the Government

failure on productivity and there

0:45:270:45:33

will be revising of the forecast for

our economy over this Parliament.

0:45:330:45:36

Can the Chancellor tell us today how

much worse off someone will be on

0:45:360:45:39

the National Living Wage in 2020

compared to the forecasts in March

0:45:390:45:45

as a result of this Government

failure on wages?

0:45:450:45:49

Hear, hear.

As I told he has already today,

0:45:490:45:54

somebody on the National Living Wage

as a result of the increase we are

0:45:540:45:58

now announcing in the budget will be

£2000 per year better off than when

0:45:580:46:02

the National Living Wage was

introduced in 2016. That is before

0:46:020:46:07

tax. Taking into account the effect

of the very significant increase in

0:46:070:46:13

the personal allowance threshold,

which has reduced tax by 30 million

0:46:130:46:18

people, taking 4 million people out

of tax altogether, that same

0:46:180:46:20

full-time worker on the National

Living Wage will be £3600 per year

0:46:200:46:25

better off than 3020 ten.

-- compared to 2010.

0:46:250:46:35

Small businesses suffer worse than

large clients. Some firms have been

0:46:350:46:38

forced to accept this kind of 10% to

get paid in 90 days. The Government

0:46:380:46:43

has introduced transparency to make

large firms behave more

0:46:430:46:47

transparently in regards to payments

will be Chancellor stand ready to

0:46:470:46:50

take further action to stop big

firms using small businesses as a

0:46:500:46:54

source of cheap loans?

We know that late payment are

0:46:540:46:59

serious issue for small businesses

and that is why we act to tackle

0:46:590:47:03

unfair practices. As my right friend

mentioned, we want to improve

0:47:030:47:09

transparency with large businesses

and practices. There has been a

0:47:090:47:15

payment code signed and we have

appointed a small business

0:47:150:47:20

Commissioner to support small

businesses resolving disputes with

0:47:200:47:24

larger firms.

Can I ask the Chancellor why the

0:47:240:47:32

Government has not brought forward

an amendment of the law resolution

0:47:320:47:36

in today's budget resolutions? This

is almost unprecedented, and a

0:47:360:47:41

tactic only used when there is an

urgent issue to be dealt with. It

0:47:410:47:44

will restrict the ability of

honourable members on all sides of

0:47:440:47:47

the house to be able to move

amendments and restrict our ability

0:47:470:47:50

to address a range of the economic

and social needs of our community.

0:47:500:47:57

Hear, hear.

Mr Speaker, the right honourable

0:47:570:48:01

gentlemen is wrong. It is not

without precedent. We did not move

0:48:010:48:06

an amendment of the law resolution

in relation to the Finance Bill,

0:48:060:48:09

which has just gone through

Parliament. It is a small but

0:48:090:48:14

worthwhile modernisation measure,

which focuses the debate on the

0:48:140:48:17

measures that we are putting before

Parliament in the Finance Bill.

0:48:170:48:23

A lot of the Chancellor why he did

not bring forward an amendment of

0:48:230:48:26

the law resolution, it is because he

wishes to avoid debate on some of

0:48:260:48:29

the key issues facing our

communities. I raise one of those

0:48:290:48:35

questions, Mr Speaker, which was

totally neglected last week in the

0:48:350:48:40

Budget. The Chancellor received

representations from action for

0:48:400:48:45

children, the local government

Association and Barnardos on the

0:48:450:48:50

crisis in children's services, and I

quote Sir Tony, Chief Executive

0:48:500:48:55

action for children. He says

children services are on unstable

0:48:550:48:59

and dangerous putting. We are

crawling to prioritise services

0:48:590:49:04

children need before this crisis

turns into a catastrophe. What was

0:49:040:49:09

in his mind when he prioritised

giving nearly 5 billion to the banks

0:49:090:49:14

rather than plugging the gap in

children's services to those most in

0:49:140:49:17

need?

Hear, hear.

0:49:170:49:21

Mr Speaker, they will be more than

adequate time to discuss the

0:49:210:49:23

measures in the Finance Bill,

because with the Finance Bill the

0:49:230:49:28

debate is about measures being put

forward by the Government under the

0:49:280:49:31

Finance Bill. That is what

Parliament is here to debate and

0:49:310:49:33

that is what we will have time to

debate under this arrangement.

0:49:330:49:41

Businesses in Europe well, rising

public investment in research and

0:49:410:49:44

development, but even more so they

welcome the chance to do it

0:49:440:49:47

themselves with lower business taxes

under this Government. What will be

0:49:470:49:52

Chancellor do to encourage more

businesses to take in the increased

0:49:520:49:55

research and development tax credits

and the patent box delivered in the

0:49:550:50:02

budget?

The Government recognises the vital

0:50:020:50:05

importance, Mr Speaker, R and D and

driving up investment and business

0:50:050:50:07

and improving productivity, which is

why our and the investment is of

0:50:070:50:15

proportionate of GDP is on the rise.

We will push further towards our

0:50:150:50:19

target of 2.4% going forward. We

have in this budget announced an

0:50:190:50:24

increase in R and D tax credit

expenditure credits from 11% to 12%.

0:50:240:50:32

Kirsty Blackmon.

Mr Speaker, in the budget, over £1

0:50:320:50:37

million of the so-called extra money

for Scotland was in the form of

0:50:370:50:41

financial transaction money. That is

money the Scottish Government has

0:50:410:50:43

got to pay back. The block grant for

spending on front line services is

0:50:430:50:50

down £213 million in real terms. How

can the Chancellor suggest that £230

0:50:500:50:56

million reduction for Scotland is a

good deal for us?

0:50:560:51:01

Scotland's spending power has been

increased by £2 billion in this

0:51:010:51:07

Budget, including financial

transactions which support fantastic

0:51:070:51:09

schemes such as help to buy. But

what we need to see if the SNP

0:51:090:51:14

Government using their powers to

deliver for Scotland, such as

0:51:140:51:21

improving their appalling results in

English and maths education.

0:51:210:51:26

Mr Speaker, can I congratulate the

councillor for freezing the duty and

0:51:260:51:30

wine and spirits, making sure future

changes only come into effect after

0:51:300:51:33

Christmas? Will they look at the

anomaly of white excellent English

0:51:330:51:37

sparkling wine at 11% strength is

taxed at £2.77 per bottle against

0:51:370:51:44

£2.16 for higher strength still

wine, against just 2p per bottle in

0:51:440:51:49

France, and bowsprit it will be

given a boost to this growing

0:51:490:51:52

inequality in the quality British

product?

0:51:520:51:56

We support the English wine industry

and that is why we announced in the

0:51:560:52:00

autumn budget a freeze in wine duty.

EU law, duty and high-strength

0:52:000:52:05

sparkling wine must be the same as

that on highest ranked sparkling

0:52:050:52:08

cider, and if we reduce the duty on

highest strength sparkling wine it

0:52:080:52:12

would mean reducing the duty and a

category of alcohol effectively

0:52:120:52:17

associated with problem drinking. I

recognise how much of a champion

0:52:170:52:20

Mike honourable friend is for

English wine and I think he is right

0:52:200:52:24

in detecting and promoting our

opportunities at home.

0:52:240:52:27

Thank you, Mr Speaker. We welcome

the scrapping of VAT for Scotland's

0:52:270:52:33

police and Fire Services, this

Government finally seeing sense. In

0:52:330:52:35

an interview this year is a

Conservative MPs said there is no

0:52:350:52:40

justification for a VAT refund. What

is the Chancellor think of that

0:52:400:52:43

statement and that he not agree that

the £140 million of that should be

0:52:430:52:48

reimbursed to our vital emergency

services?

0:52:480:52:51

Hear, hear.

I think we will take that as the

0:52:510:52:53

closest we will get for gratitude

from the Scottish National Party.

0:52:530:52:58

The fact is that it was a mistake by

the SNP in the devolution agreement

0:52:580:53:04

to sign up to that, despite that, we

did not want to punish the people of

0:53:040:53:09

Scotland, which is why we have taken

action on that VAT, as well as

0:53:090:53:13

freezing whisky juicy thanks to the

representations of our fantastic

0:53:130:53:20

Scottish Conservative colleagues. --

freezing whisky duty.

0:53:200:53:26

Does my right honourable friend

agree it is thanks to Conservative

0:53:260:53:29

action that today the richest 1% are

paying 27% of all income tax

0:53:290:53:34

revenue? That is more than any time

under the Labour Party and it makes

0:53:340:53:37

this gap between rich and poor are

the lowest on record.

0:53:370:53:42

Speaker, the Government is committed

to a fair tax system in which those

0:53:420:53:45

with the broadest shoulders bear the

greatest burden.

0:53:450:53:49

LAUGHTER

I am pleased to confirm my

0:53:490:53:52

honourable friend is almost correct

that the latest districts show that

0:53:520:53:57

in 2017 - 18, the top 1% of

taxpayers are forecast to pay 28% of

0:53:570:54:03

all income tax liabilities and that

in 2015, 16, income inequality fell

0:54:030:54:08

to its lowest level since the mid-19

80s under a Conservative Government,

0:54:080:54:14

Mr Speaker.

Thank you, Mr Speaker. We'll be

0:54:140:54:17

Chancellor take this opportunity to

confront this House the words the

0:54:170:54:21

Prime Minister gave to the

Manchester evening News on Sunday

0:54:210:54:24

evening at the Government will

reimburse all the monies that has

0:54:240:54:30

fallen and Manchester services

associated with the arena attack and

0:54:300:54:34

the future costs such as the

coroner's inquest just starting?

0:54:340:54:40

Hear, hear.

Aggie honourable lady from a

0:54:400:54:42

question and I can confirm that is

the case. -- I thank the honourable

0:54:420:54:47

lady for her question.

The Chancellor will be aware of the

0:54:470:54:50

need for investment in

infrastructure, in particular to

0:54:500:54:53

ensure the resilience of the causal

railway at Dora Lesh. What

0:54:530:54:56

reassurance can he give me funding

will be available to carry out the

0:54:560:55:01

Network Rail scheme and deliver the

aspect of the task force?

0:55:010:55:07

Thank you. The railway is vital for

continued growth and prosperity in

0:55:070:55:12

south-west England, which is why

this Government invested £400

0:55:120:55:14

million in the Southwest network,

including £10 million for the

0:55:140:55:19

section around that part. The

Government has committed to Dublin

0:55:190:55:23

and renewals for the next controlled

period and the Southwest will action

0:55:230:55:28

mag the Government has committed to

doubling renewals.

0:55:280:55:34

£250,000 committed to funding income

projects across Scotland. This is

0:55:340:55:39

based on evidence based policy. Will

the UK Government bond itself to

0:55:390:55:43

funding a basic income project?

If the honourable gentleman is

0:55:430:55:51

looking for advice on evidence

-based policy for Scotland, I think

0:55:510:55:54

he needs to look at areas like the

education system where the SNP

0:55:540:55:59

Government have failed Scottish

children and are holding back their

0:55:590:56:02

opportunities?

Thank you, Mr Speaker. Factories are

0:56:020:56:12

boosting productivity by adopting

new techniques and technologies, and

0:56:120:56:16

will my right honourable friend

continue to support the growth,

0:56:160:56:21

harmony and innovation?

Mr Speaker, my honourable friend

0:56:210:56:24

knows that I will. It is only by

embracing this technology and by

0:56:240:56:28

looking to the future and committing

to accepting the change that is

0:56:280:56:34

inevitable and working with our

workforces and with our companies to

0:56:340:56:37

ensure that we are ready for it and

able to take full advantage of it,

0:56:370:56:40

that we can raise living standards

sustainably in the future, and that

0:56:400:56:44

is what we intend to do.

I was delighted when the Financial

0:56:440:56:50

Conduct Authority extended its

compensation scheme to cover debt

0:56:500:56:54

management companies. I wonder

whether the Chancellor could tell

0:56:540:56:57

the house whether he has had any

discussions with the groups about

0:56:570:57:02

that daycare compensation scheme to

cover the victims of this thing,

0:57:020:57:11

about people losing millions of

pounds prolonged over 2016 and

0:57:110:57:14

agreed to meet with the victims?

Happy to meet with the honourable

0:57:140:57:19

gentleman, as he is aware. This is

for the Financial Conduct Authority

0:57:190:57:24

am sure they will send out further

details as to how historic debts

0:57:240:57:27

will be covered.

0:57:270:57:37

Can I ask how the Chancellor can

justify widening the pay gap's?

0:57:370:57:47

Can I ask how the Chancellor can

justify widening the pay

Like I

0:57:470:57:48

said, we are raising the minimum

wage for the jungle that workers at

0:57:480:57:54

a higher rate, than for the over

25s. The most important thing is

0:57:540:57:59

that we help those people get his

experience, get the training they

0:57:590:58:03

need to get into work, rather than

leaving them on the scrapheap which

0:58:030:58:06

is what happened under the previous

Labour Government.

0:58:060:58:18

What about the other paper that has

gone missing. I put down a question

0:58:190:58:26

on the 16th of November, or no

answer has come yet. I think it is

0:58:260:58:39

an important paper, I am sure that

my right honourable friend agrees.

0:58:390:58:43

Mr Speaker, I do agree with my right

honourable friend, this is of course

0:58:430:58:46

a vitally important sector, the

details of publication of documents

0:58:460:58:50

is a matter for the... But as she

raised I will look into it.

Can the

0:58:500:59:01

Chancellor tell the House that the

£350 million a week promised to us

0:59:010:59:06

by the Foreign Secretary over the

weekend has been factored into booby

0:59:060:59:11

are projections, or indeed his own

budget? -- into booby are...

0:59:110:59:30

Mr Speaker, yesterday, I intended

ace summit looking at how we can

0:59:350:59:42

improve the... I love that notably

transport is the lowest of any

0:59:420:59:48

region in the entire country. Given

that it is the finest region in the

0:59:480:59:55

country. Could the Chancellor in all

seriousness get a commitment to make

0:59:550:59:58

sure that in the future, the mighty

east midlands will have its fair

0:59:581:00:02

share.

1:00:021:00:12

I will have met with her in the East

Midlands to discuss the

1:00:181:00:21

opportunities there. I can assure

that we will be working together to

1:00:211:00:25

make sure that they benefit.

The

minister is a wise fellow, and he

1:00:251:00:31

relies is that otherwise, he faces

an irresistible force, and I would

1:00:311:00:37

fear for the honourable gentleman's

physical well-being.

1:00:371:00:49

Despite the clear wrongdoings in the

banking sector, the banks are too

1:00:591:01:07

wealthy to sue, so they cannot get

justice. There are calls for an

1:01:071:01:14

independent tribunal to provide

accountability. Would you agree with

1:01:141:01:17

me to discuss our proposal?

I am of

course, very happy to meet with my

1:01:171:01:23

honourable friend to discuss this.

One of the... The financial

1:01:231:01:29

ombudsman service and how that could

step in to bring comfort... Belleau

1:01:291:01:40

what difference will be additional

spending on the health service

1:01:401:01:43

announced in the budget last week

make to my constituents?

My

1:01:431:01:51

honourable friend is absolutely

right. We have seen increasing

1:01:511:01:54

demand on the NHS. That is why we

have put in an extra £3.6 billion.

1:01:541:01:58

That will help us reduce waiting

lists, and importantly, it will help

1:01:581:02:04

us make sure that nurses and other

public sector

1:02:041:02:07

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