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England. Please join me for a round
of at 11, but now we have questions | 0:00:00 | 0:00:01 | |
from the Chancellor of the
Exchequer, Philip Hammond and his | 0:00:01 | 0:00:03 | |
team. Order, order. Questions for
the chance lobbyist Jack. With your | 0:00:03 | 0:00:19 | |
permission, I would like to ask this
fashion. The national living which | 0:00:19 | 0:00:24 | |
will rise to £7 83. That is a pay
rise of £2000 to the average worker. | 0:00:24 | 0:00:36 | |
This has helped to reduce the
proportion of full-time jobs that | 0:00:36 | 0:00:40 | |
are low paid to the lowest level in
at least 20 years. At the same time, | 0:00:40 | 0:00:45 | |
in work benefits support the income
is of poor households and Universal | 0:00:45 | 0:00:50 | |
Credit will mean that it always...
That is why we are increasingly | 0:00:50 | 0:01:02 | |
productivity to over £31 billion. Mr
Speaker, the predecessor George | 0:01:02 | 0:01:09 | |
Osborne boasted that the minimum
wage would be over £9 an hour by | 0:01:09 | 0:01:12 | |
2020. He has downgraded that
forecast. Now that we are in the | 0:01:12 | 0:01:17 | |
middle of the longest full in living
standards in history, why should the | 0:01:17 | 0:01:21 | |
very poorest people pay for the
crisis? | 0:01:21 | 0:01:33 | |
Boyd I have just pointed out that
those people have games 2000 fans a | 0:01:38 | 0:01:41 | |
year. -- £2000 a year. It will
continue to do so, on the other | 0:01:41 | 0:01:52 | |
point he will note that real
household disposable income per | 0:01:52 | 0:01:56 | |
head, a much more appropriate
measure of living standards is | 0:01:56 | 0:02:00 | |
almost 5% higher in 2069 it wasn't a
dozen ten. -- was in 2010. Isn't the | 0:02:00 | 0:02:14 | |
best policy for which is to stay in
the single market? The best policy | 0:02:14 | 0:02:20 | |
for Britain, including for the wages
of British workers, is to get a good | 0:02:20 | 0:02:23 | |
deal with the European Union, that
secures high-levels have access to | 0:02:23 | 0:02:28 | |
European markets after we leave the
European map union. That is what we | 0:02:28 | 0:02:33 | |
intend to do. In mice constituency,
one of the key things is to make | 0:02:33 | 0:02:41 | |
sure that we attract businesses that
secure high-paid jobs. Will you join | 0:02:41 | 0:02:46 | |
me encouraging all those involved in
future developments, to ensure that | 0:02:46 | 0:02:52 | |
we attract high-tech, innovative
businesses. Yes, Mr Speaker. That | 0:02:52 | 0:03:01 | |
was indeed the central theme of the
budget. If we are to insure | 0:03:01 | 0:03:05 | |
prosperity for all in the future, we
have to embrace the technologies of | 0:03:05 | 0:03:08 | |
the future, the businesses of the
future, and make sure that we create | 0:03:08 | 0:03:11 | |
the jobs of the future and be
prepared to invest in the | 0:03:11 | 0:03:14 | |
destruction that is needed to
support them, and giving out people | 0:03:14 | 0:03:18 | |
who still skills that they will need
to take advantage of those higher | 0:03:18 | 0:03:21 | |
paid jobs. The fact is that
disposable income is set to fall, | 0:03:21 | 0:03:31 | |
and the cost of living is rising
faster than pay can keep up. The | 0:03:31 | 0:03:35 | |
area that you have a direct response
ability for, public sector money, | 0:03:35 | 0:03:39 | |
isn't it time to remove those pay
restraint on the lowest paid workers | 0:03:39 | 0:03:44 | |
that Tamoaieta -- to ensure that...
The blanket cap has been removed, | 0:03:44 | 0:03:56 | |
that was announced in July. | 0:03:56 | 0:04:10 | |
Challenges for improving workforce
efficiency, and make proposals to | 0:04:11 | 0:04:13 | |
the pay review bodies accordingly.
The Conservatives want people to | 0:04:13 | 0:04:21 | |
keep more of the wages that they do
and, and when they first came to | 0:04:21 | 0:04:25 | |
power in April 2010, disgracefully,
people earning as little as £6,500 a | 0:04:25 | 0:04:31 | |
year had to pay income tax, now that
they can and over 11 thousand pounds | 0:04:31 | 0:04:35 | |
before incurring income tax. Yes,
£11,850, my honourable friend is | 0:04:35 | 0:04:44 | |
exactly right. And that is by
keeping to our commitment that we | 0:04:44 | 0:04:51 | |
made in our manifesto, of
increasingly personal allowance to | 0:04:51 | 0:04:56 | |
£12,500 by 2020, and we will ensure
that people keep more of their | 0:04:56 | 0:04:59 | |
income. Going back to the original
question, people on the national | 0:04:59 | 0:05:04 | |
living wage, after tax terms are
£3600 better off a year better than | 0:05:04 | 0:05:13 | |
they would have been into Government
ten. Stagnating wages, high | 0:05:13 | 0:05:23 | |
inflation, why has this Government
not entered the public pays the -- | 0:05:23 | 0:05:30 | |
pay cap? I don't know if you are
listening, we have ended the blanket | 0:05:30 | 0:05:40 | |
pay cut across the public sector,
and are allowing secretaries of | 0:05:40 | 0:05:44 | |
state to make a recommendation to
the pay review bodies that reflect | 0:05:44 | 0:05:47 | |
the circumstances of their
individual workforce. My | 0:05:47 | 0:05:51 | |
constituency is in the top ten of
all constituencies with the highest | 0:05:51 | 0:05:54 | |
proportion of those on the minimum
wage. The rise to £7 83 will be most | 0:05:54 | 0:06:02 | |
welcome, indeed. Do you agree that
moves such as theirs, and increasing | 0:06:02 | 0:06:06 | |
personal allowance, will help reduce
income inequality in my contingency | 0:06:06 | 0:06:13 | |
and the country at large? My
honourable friend is exactly right. | 0:06:13 | 0:06:16 | |
The uncomfortable fact for the front
bench opposite, is that income | 0:06:16 | 0:06:22 | |
inequality is the lowest it has been
since the mid-19 80s, lower than it | 0:06:22 | 0:06:26 | |
was at any point jokingly 13 years
of Labour Government. -- during 13 | 0:06:26 | 0:06:33 | |
years of Labour Government. With you
further agree that it is the | 0:06:33 | 0:06:45 | |
policies of this Government that has
made that possible? Yes, Mr Speaker, | 0:06:45 | 0:06:52 | |
and it is indeed one of the proudest
achievements of this Government, | 0:06:52 | 0:06:55 | |
that since 2010, we have created 3
million new jobs in this country. | 0:06:55 | 0:06:59 | |
The right honourable gentleman might
reflect on his prediction in 2011 | 0:06:59 | 0:07:08 | |
that the policies of this Government
would cost this economy 1 million | 0:07:08 | 0:07:13 | |
jobs. That's undoubtedly slightly
wide of the mark. In the last five | 0:07:13 | 0:07:19 | |
years, the gender pay gap is only
for them by .4%. If this trend | 0:07:19 | 0:07:24 | |
continues it will take 113 years for
women to be on an equal footing. Why | 0:07:24 | 0:07:30 | |
is the Chancellor not do more for
women who are paid less than men? It | 0:07:30 | 0:07:34 | |
is a protein of the Government to
continue to close the pay gap. That | 0:07:34 | 0:07:39 | |
it is a priority of the Government.
It is now at its lowest level ever. | 0:07:39 | 0:07:51 | |
I have been advised that the
honourable lady would like to | 0:07:51 | 0:07:54 | |
proffer a second contribution, now.
We will wait for that silly to | 0:07:54 | 0:08:01 | |
stage. Thank you. What is the
connection between low wage growth | 0:08:01 | 0:08:15 | |
and the slump in productivity? As
the honourable gentleman will know, | 0:08:15 | 0:08:21 | |
in the end, wages can only be paid
for by the productive output of | 0:08:21 | 0:08:25 | |
workers and increasing the
productivity of the workers in the | 0:08:25 | 0:08:30 | |
British economy, so if they can
produce more and earn more, in a way | 0:08:30 | 0:08:33 | |
that allows them to remain
competitive, whilst paying them | 0:08:33 | 0:08:37 | |
more. | 0:08:37 | 0:08:47 | |
Mr Speaker, Universal Credit has
already been very successful at | 0:08:49 | 0:08:52 | |
getting more people into work, by
making sure that work with pace, and | 0:08:52 | 0:08:56 | |
that has boosted household incomes.
Origi gist of the Universal Credit | 0:08:56 | 0:09:09 | |
programme last -- all changes, this
content across the all house, what | 0:09:09 | 0:09:18 | |
is surprising is that rather than
halt the botched roll-out, the | 0:09:18 | 0:09:25 | |
Government has only chosen to give
that £1 to every £10 cut from the | 0:09:25 | 0:09:29 | |
system. No, thank you. Will you
accept that isn't now and matter of | 0:09:29 | 0:09:36 | |
urgency, and proper action is taken
to address the real human suffering | 0:09:36 | 0:09:42 | |
imposed in our communities caused by
this rule out -- roll-out? I think | 0:09:42 | 0:09:49 | |
we should remember the 1.4 million
people who spent the previous decade | 0:09:49 | 0:09:53 | |
under Labour chat in poverty,
because every pound they earned was | 0:09:53 | 0:09:59 | |
taken away in benefits. And that, is
why we have introduced Universal | 0:09:59 | 0:10:04 | |
Credit, because every extra hour of
work pays, and all the evidence | 0:10:04 | 0:10:08 | |
suggests that it is much better than
the previous scheme, employment pays | 0:10:08 | 0:10:13 | |
and people on Universal Credit are
more likely to be in work. Would my | 0:10:13 | 0:10:19 | |
right honourable friend want to
comment on the irresponsible scare | 0:10:19 | 0:10:24 | |
stories put out by the BBC, first on
Radio 4, and then on BBC breakfast | 0:10:24 | 0:10:28 | |
time across all media platforms,
that 100,000 people working in | 0:10:28 | 0:10:34 | |
Universal Credit that they would
receive no benefit over the | 0:10:34 | 0:10:38 | |
Christmas period? I think it is
disgraceful that that fake news was | 0:10:38 | 0:10:42 | |
put out on our national board
caster, when -- broadcaster, when | 0:10:42 | 0:10:48 | |
Universal Credit is helping people
get into work and annexed the money. | 0:10:48 | 0:10:51 | |
I think it is particularly poor,
that some of the lowest income | 0:10:51 | 0:10:56 | |
people in our society have been
unnecessarily worried when in fact, | 0:10:56 | 0:11:01 | |
under Universal Credit, everybody
can receive and advance, in advance | 0:11:01 | 0:11:08 | |
of getting that payment. Thank you
to Mr Speaker. Even after the | 0:11:08 | 0:11:13 | |
changes to Universal Credit, it
would still make young, single | 0:11:13 | 0:11:16 | |
parent families with school-age
children, £6,000 a year worse off | 0:11:16 | 0:11:20 | |
that is a BR figures. I think we
should remember that without further | 0:11:20 | 0:11:24 | |
action to stop it, this Government
is going to push a million | 0:11:24 | 0:11:29 | |
additional children into poverty,
and I want to know what the | 0:11:29 | 0:11:31 | |
Government will do about that? | 0:11:31 | 0:11:39 | |
On and on and at a 30 year low,
thanks Ali policies... | 0:11:39 | 0:11:45 | |
-- I would tell the honourable lady
this... Rather than leaving people | 0:11:45 | 0:11:51 | |
on the scrapheap with Universal
Credit, like under the Labour | 0:11:51 | 0:11:54 | |
Government, it helps people get into
work. We have seen the fastest | 0:11:54 | 0:11:57 | |
employment growth has been amongst
the lowest income people in our | 0:11:57 | 0:12:01 | |
society.
Stephen Kerr. | 0:12:01 | 0:12:07 | |
I welcome the changes in Universal
Credit announced in the budget | 0:12:07 | 0:12:12 | |
speech. Did my honourable friend
note that in the budget and Alceste | 0:12:12 | 0:12:15 | |
EIF S said that the changes in the
Universal Credit would still mean | 0:12:15 | 0:12:22 | |
that people find it difficult to
cope with the six-week wait. | 0:12:22 | 0:12:26 | |
He is correct and we have been
making changes to Universal Credit | 0:12:26 | 0:12:29 | |
to make sure it works for everybody.
We have rolled it out gradually to | 0:12:29 | 0:12:34 | |
make sure it is effective. Unlike
previous botched efforts of tax | 0:12:34 | 0:12:40 | |
credits under the previous Labour
Government... We have learnt lessons | 0:12:40 | 0:12:43 | |
and we are helping more people
getting to employment. We have the | 0:12:43 | 0:12:48 | |
lowest unemployment since 1975 and
the people who benefited most IB | 0:12:48 | 0:12:52 | |
lowest earners in society.
Universal Credit is being rolled out | 0:12:52 | 0:13:00 | |
in Bishop Auckland over Christmas
and this will affect 10,000 | 0:13:00 | 0:13:03 | |
households. On the Government's
figures, we know this will take £20 | 0:13:03 | 0:13:08 | |
million out of the local economy.
Surely she can see that this is bad | 0:13:08 | 0:13:12 | |
for jobs and bad for local shops.
Hear, hear.. | 0:13:12 | 0:13:18 | |
With respect, I don't think the
honourable lady is taking into | 0:13:18 | 0:13:21 | |
account the extra income which will
be earned by those families because | 0:13:21 | 0:13:24 | |
they are more likely to be in work
under Universal Credit. That is | 0:13:24 | 0:13:29 | |
where the benefit is, rather than
keeping people in a poverty trap, | 0:13:29 | 0:13:33 | |
where they were losing £1 for every
extra pound they were earning. Work | 0:13:33 | 0:13:38 | |
always pays under Universal Credit
and people are able to end money to | 0:13:38 | 0:13:42 | |
support families.
Question number four. | 0:13:42 | 0:13:53 | |
Minister Andrew Jones.
The Government is investing over £1 | 0:13:53 | 0:13:57 | |
billion to stimulating market to
build next-generation digital | 0:13:57 | 0:14:02 | |
infrastructure the UK needs for the
future and in the autumn Budget we | 0:14:02 | 0:14:05 | |
launched a £190 million challenge
fund for five broadband, many | 0:14:05 | 0:14:12 | |
millions to develop five G networks
and £35 million to introduce mobile | 0:14:12 | 0:14:17 | |
connectivity for rail passengers.
Last week I held at Westminster Hall | 0:14:17 | 0:14:22 | |
debate on the catastrophic belly of
the Scottish Government to allow | 0:14:22 | 0:14:27 | |
superfast broadband for communities
in Scotland. In the debate, the | 0:14:27 | 0:14:32 | |
Minister for Digital confirmed
millions of pounds in taxpayer money | 0:14:32 | 0:14:34 | |
has not been released by the
Scottish Government to deploy | 0:14:34 | 0:14:38 | |
superfast broadband. Can I ask my
right honourable friend what | 0:14:38 | 0:14:41 | |
discussions he has had with
ministers from the Scottish | 0:14:41 | 0:14:44 | |
Government to ensure the money gets
to where it needs to be, including | 0:14:44 | 0:14:47 | |
rural communities in need of this.
The Government is supporting the | 0:14:47 | 0:14:52 | |
roll-up of superfast broadband
across the UK and that has included | 0:14:52 | 0:14:57 | |
allocating over £120 million to help
the Scottish Government deliver 100% | 0:14:57 | 0:15:01 | |
superfast coverage in Scotland by
2021. To be specific, the Minister | 0:15:01 | 0:15:06 | |
for digital discussed with the
Scottish Government on the 6th of | 0:15:06 | 0:15:11 | |
November and have further
discussions this week. | 0:15:11 | 0:15:14 | |
Mr Speaker, this is not good enough.
If we will tackle the appalling | 0:15:14 | 0:15:17 | |
productivity levels in our country,
we need to invest in this | 0:15:17 | 0:15:21 | |
infrastructure and we need to invest
in skills and we need to invest in | 0:15:21 | 0:15:24 | |
top-class management. Get its act
together and do it! | 0:15:24 | 0:15:31 | |
I think the honourable gentleman may
have missed some of the | 0:15:31 | 0:15:33 | |
announcements in the budget. Perhaps
I can highlight one particularly | 0:15:33 | 0:15:38 | |
which is the £740 million for the
national productivity investment | 0:15:38 | 0:15:42 | |
fund allocated for digital
infrastructure. | 0:15:42 | 0:15:45 | |
The honourable member for Norfolk is
looking upbeat. George Freeman. | 0:15:45 | 0:15:52 | |
Nice to be back. Could I welcome on
behalf of my constituents the | 0:15:52 | 0:15:56 | |
Digital announcement in the budget
last week and the size of the team | 0:15:56 | 0:16:00 | |
in charge of the economy unlike the
Marxists opposite? | 0:16:00 | 0:16:07 | |
Hear, hear.
Could he agree that we need public | 0:16:07 | 0:16:11 | |
sector leadership to create a
private funding partnership and | 0:16:11 | 0:16:15 | |
announce a public infrastructure
leadership Academy as part of the | 0:16:15 | 0:16:20 | |
budget?
I think my honourable friend is | 0:16:20 | 0:16:23 | |
making a typically insightful point
and I think that digital improvement | 0:16:23 | 0:16:26 | |
is one of the key drivers of making
our productivity improved. I am | 0:16:26 | 0:16:30 | |
happy to entirely agree with the
widest points he has made. | 0:16:30 | 0:16:35 | |
Thank you, Mr Speaker. When the
local authorities be told the basis | 0:16:35 | 0:16:38 | |
on which they will be invited to
apply for the new money that has | 0:16:38 | 0:16:42 | |
been earmarked for the Government?
And the Minister assure me that when | 0:16:42 | 0:16:46 | |
money is distributed it will be done
on the basis of the need an area not | 0:16:46 | 0:16:50 | |
just the population numbers?
I will look into the point made | 0:16:50 | 0:16:56 | |
there and write to him with the
answer. | 0:16:56 | 0:17:01 | |
Mr Speaker...
The Government recognises the | 0:17:01 | 0:17:08 | |
importance of regional airports, not
least for connectivity for small, | 0:17:08 | 0:17:13 | |
local communities. That is why,
despite the fact there is no VAT on | 0:17:13 | 0:17:16 | |
airline tickets or duty on aviation
fuel, we have frozen the APD rate | 0:17:16 | 0:17:23 | |
for a long haul economy flights as
announced in this budget. | 0:17:23 | 0:17:29 | |
Thank you for that reply. Many of
the flights from our major airports | 0:17:29 | 0:17:34 | |
are internal domestic flights were
passengers end up paying APD twice | 0:17:34 | 0:17:37 | |
and both likes of their journey. In
order to support small regional | 0:17:37 | 0:17:42 | |
airports, with the Minister consider
cutting APD on internal flights by | 0:17:42 | 0:17:47 | |
50%, something I believe once we
leave the EU we will be able to do? | 0:17:47 | 0:17:50 | |
My honourable friend races in
interesting point. -- he raises an | 0:17:50 | 0:17:56 | |
interesting point. We look to
address this in 1998, when there was | 0:17:56 | 0:18:00 | |
a ruling by the European Commission
saying that under state aid rules | 0:18:00 | 0:18:04 | |
were unable to do that. Once we have
left the European Union, depending | 0:18:04 | 0:18:08 | |
upon the details of the agreement
under which we do that, this might | 0:18:08 | 0:18:11 | |
be something we could be able to
revisit. | 0:18:11 | 0:18:14 | |
The Treasury modelling shows that
Newcastle Airport in my constituency | 0:18:14 | 0:18:20 | |
will be the most affected by the
devolution of air passenger duty to | 0:18:20 | 0:18:23 | |
Scotland, so can the Minister
confirm what actual progress the | 0:18:23 | 0:18:27 | |
Government has made on ensuring the
impact is mitigated for English | 0:18:27 | 0:18:31 | |
regional airports?
Mr Speaker, as I have already said, | 0:18:31 | 0:18:36 | |
we have in this budget frozen APD
for a long haul flights, that our | 0:18:36 | 0:18:42 | |
economy. This comes on the back, Mr
Speaker, the number of actions taken | 0:18:42 | 0:18:46 | |
to reduce APD over the years. In
2014 week at APD and in the same | 0:18:46 | 0:18:53 | |
year we exempted children from APD
on economy flights also. We will | 0:18:53 | 0:18:58 | |
continue, Mr Speaker, to review as
we do all taxes going forward in | 0:18:58 | 0:19:01 | |
light of the issues the honourable
lady has raised. | 0:19:01 | 0:19:05 | |
In light of the welcome announcement
last week the Chancellor made about | 0:19:05 | 0:19:09 | |
the possible review of air passenger
duty in Northern Ireland, with the | 0:19:09 | 0:19:14 | |
Minister take account of the fact
that all our airports, Belfast city, | 0:19:14 | 0:19:18 | |
international, Londonderry, have a
serious disadvantage when competing | 0:19:18 | 0:19:23 | |
with airport in the Irish Republic
who all have a very significant | 0:19:23 | 0:19:28 | |
ignorance of APD and review that
accordingly? | 0:19:28 | 0:19:34 | |
This question, the Chancellor made
it clear we will be undertaking a | 0:19:34 | 0:19:38 | |
full call for evidence and review of
the matters both of APD and VAT and | 0:19:38 | 0:19:43 | |
impact on tourism, which we
recognise is so vital to the | 0:19:43 | 0:19:46 | |
Northern Ireland economy.
Mr Speaker. With your permission, I | 0:19:46 | 0:19:52 | |
would like to answer this question
together with questioning 11. The | 0:19:52 | 0:19:56 | |
Government recognises the importance
of closing the economic gap between | 0:19:56 | 0:19:59 | |
regions of our country, as an
economic and social priority. And | 0:19:59 | 0:20:05 | |
the industrial strategy is focused
on doing so. Mr Speaker, if we | 0:20:05 | 0:20:09 | |
eliminate or just have the
productivity gap with London, we | 0:20:09 | 0:20:14 | |
would add £300 billion to our gross
domestic product... That is £4600 | 0:20:14 | 0:20:20 | |
for every man, woman and child in
this country and that is why the | 0:20:20 | 0:20:24 | |
budget announced a raft of measures
designed to move forward our | 0:20:24 | 0:20:28 | |
progress in doing so.
The economic case for a wider | 0:20:28 | 0:20:32 | |
Yorkshire court settlement is
compelling, so is supported by the | 0:20:32 | 0:20:38 | |
by the CBI, the IOD, the FSB and the
TUC, and of course the Chancellor's | 0:20:38 | 0:20:43 | |
own colleagues in local government.
Does he recognise the strength of | 0:20:43 | 0:20:46 | |
economic argument and if so can he
speak to his colleagues? | 0:20:46 | 0:20:51 | |
Mr Speaker, the Government is
committed the Sheffield city region | 0:20:51 | 0:20:53 | |
deal, which will bring £1 billion of
new Government investment to the | 0:20:53 | 0:21:00 | |
area. We recognise the debate going
on about possible wider Yorkshire | 0:21:00 | 0:21:05 | |
-based deals. We are happy to
consider that if it can be done in a | 0:21:05 | 0:21:09 | |
way that does not disrupt the
existing deal agreed for the | 0:21:09 | 0:21:13 | |
Sheffield city region, that is.
Thank you, Mr Speaker. The Bank of | 0:21:13 | 0:21:22 | |
England deputy governor argued that
it could perhaps lead to a sharp | 0:21:22 | 0:21:25 | |
step down in the UK productivity
growth. This is likely to hit | 0:21:25 | 0:21:29 | |
regions in different ways and today
mobility commission talked about the | 0:21:29 | 0:21:33 | |
widening geographic divide. What
impact does he believe the | 0:21:33 | 0:21:38 | |
Chancellor, that is, his extra
resources talked about in light of | 0:21:38 | 0:21:42 | |
preparation for Brexit, will have in
tackling regional productivity | 0:21:42 | 0:21:47 | |
issues and social mobility?
We know some of the things that | 0:21:47 | 0:21:52 | |
cause and drive low productivity
performance. Regional differences is | 0:21:52 | 0:21:54 | |
one thing and low levels of capital
investment in private businesses is | 0:21:54 | 0:21:57 | |
another. Relatively low levels of
public infrastructure investment, | 0:21:57 | 0:22:03 | |
and poor skills. What we set out in
the budget is a raft of measures | 0:22:03 | 0:22:06 | |
which will address all of them. The
end result of this is that this | 0:22:06 | 0:22:10 | |
Government on average over this
Parliament will be investing £25 | 0:22:10 | 0:22:16 | |
billion per year in real terms more
than the average that the Labour | 0:22:16 | 0:22:19 | |
Government did over a period in
office. | 0:22:19 | 0:22:23 | |
Richard Bacon.
To encourage economic growth in | 0:22:23 | 0:22:27 | |
stoke the local council is offering
serviced plots of land to finance | 0:22:27 | 0:22:30 | |
directors and managing directors to
build they houses and bring | 0:22:30 | 0:22:34 | |
businesses and invest, grating more
jobs and economic growth. Does the | 0:22:34 | 0:22:39 | |
Chancellor agree this is a model
that could be followed elsewhere? | 0:22:39 | 0:22:42 | |
Each other as in all other areas of
policy, custom house building has a | 0:22:42 | 0:22:47 | |
great deal to offer economic growth?
My honourable friend has been | 0:22:47 | 0:22:52 | |
consistent in arguing the case for
the promotion of self building | 0:22:52 | 0:22:56 | |
custom houses and it has an
important role to play in our | 0:22:56 | 0:23:00 | |
ambition of delivering 300,000
homes, net additional homes per | 0:23:00 | 0:23:04 | |
year, by the middle of the next
decade. | 0:23:04 | 0:23:07 | |
Does my right honourable friend only
in seeing the potential for a big | 0:23:07 | 0:23:16 | |
amount of investment in the
north-eastern Scotland investment to | 0:23:16 | 0:23:22 | |
happen because of the Budget and
could he encourage the SNP in | 0:23:22 | 0:23:25 | |
Scottish Labour to get on board?
I am happy to agree with my | 0:23:25 | 0:23:29 | |
honourable friend that the North Sea
as a basin is coming towards the end | 0:23:29 | 0:23:33 | |
of its life, but nonetheless there
are many billions of barrels of oil | 0:23:33 | 0:23:38 | |
potentially to be exploited there,
which involve very large amounts of | 0:23:38 | 0:23:42 | |
economic activity in the region and
potentially significant receipts to | 0:23:42 | 0:23:46 | |
the Treasury. The measure that we
have taken will stimulate economic | 0:23:46 | 0:23:49 | |
growth in the region and ethical
goes well, we will also see a | 0:23:49 | 0:23:54 | |
generating a windfall to the UK
Exchequer. | 0:23:54 | 0:23:58 | |
The Chancellor is right to say that
all productivity levels and regional | 0:23:58 | 0:24:04 | |
variations within that are closely
linked to skills and education. You | 0:24:04 | 0:24:07 | |
also know that this starts in the
earliest years of a child's live. | 0:24:07 | 0:24:11 | |
We'll Chancellor look very kindly at
Greater Manchester to boost school | 0:24:11 | 0:24:20 | |
readiness in early years. It is a
small the money to innovate and | 0:24:20 | 0:24:23 | |
transform these remote years.
I heard what the honourable lady | 0:24:23 | 0:24:28 | |
said and my honourable friend tells
me that he is meeting with the mayor | 0:24:28 | 0:24:31 | |
of Manchester next week to discuss
this issue. | 0:24:31 | 0:24:35 | |
Thanks to this Government investment
of £22 million pledged by the local | 0:24:35 | 0:24:42 | |
authorities, children can look
forward with confidence to a cyber | 0:24:42 | 0:24:45 | |
hub creating cyber excellence in the
home of GCHQ. Isn't this the kind of | 0:24:45 | 0:24:49 | |
project which will drive opportunity
and productivity growth in | 0:24:49 | 0:24:55 | |
constituencies like mine?
Is. GCHQ is a world-class resource | 0:24:55 | 0:24:58 | |
and the way it has engaged in
seeking to use its expertise to | 0:24:58 | 0:25:06 | |
create a world-class cybersecurity
business as a business sector in the | 0:25:06 | 0:25:10 | |
UK economy is exemplary and we
should encourage them. | 0:25:10 | 0:25:17 | |
Thank you, Mr Speaker. No wonder the
honourable gentleman referred to a | 0:25:17 | 0:25:22 | |
leadership E. Three quarters of the
Cabinet queueing up to get into it, | 0:25:22 | 0:25:26 | |
basically. Mr Speaker, what specific
impact does the Chancellor think a | 0:25:26 | 0:25:33 | |
1,000,000,002-year grant, that is
the equivalent to the one he gave to | 0:25:33 | 0:25:36 | |
Northern Ireland, would have on
regional economic growth in, for | 0:25:36 | 0:25:40 | |
example, my honourable friend for
Barnsley Central, Sheffield city | 0:25:40 | 0:25:45 | |
region? -- a £1 billion grant for
two years? | 0:25:45 | 0:25:55 | |
I think my jokes were better than
his. As I said to the honourable | 0:25:55 | 0:26:01 | |
member for Barnsley, the Sheffield
city region deal would bring £1 | 0:26:01 | 0:26:04 | |
billion of new Government investment
into the area. That will stimulate | 0:26:04 | 0:26:08 | |
local economic growth and it will
stimulator job creation and it will | 0:26:08 | 0:26:13 | |
support up skilling in the area and
it will support improvement of the | 0:26:13 | 0:26:17 | |
infrastructure. Doing these deals
around the country and making funds | 0:26:17 | 0:26:22 | |
available to local authorities who
know best what is necessary for | 0:26:22 | 0:26:26 | |
their areas is the way to deliver
enhanced economic growth. | 0:26:26 | 0:26:35 | |
Thank you, Mr Speaker. I will give
the Chancellor another opportunity, | 0:26:35 | 0:26:39 | |
that perhaps they could give an
answer to a similar question of | 0:26:39 | 0:26:41 | |
regional productivity. If you
provided, for example 1000000000 | 0:26:41 | 0:26:54 | |
pounds... | 0:26:54 | 0:27:04 | |
I am pretty confident that I could
take £1 billion and invested in a | 0:27:07 | 0:27:11 | |
way that would enhance productivity
and similar economic road. When | 0:27:11 | 0:27:23 | |
really is the European Union, we
will insist that we have a robust | 0:27:23 | 0:27:26 | |
regime in place to make sure that we
have robust measures to take against | 0:27:26 | 0:27:32 | |
dumping and import surges. Part of
that will be a different role, as we | 0:27:32 | 0:27:39 | |
have at the same time, to ensure
that we take measures that are | 0:27:39 | 0:27:42 | |
proportionate in terms of protecting
our consumers. Thank you, Mr | 0:27:42 | 0:27:57 | |
Speaker. You will be aware that the
trade bill, that will do some of the | 0:27:57 | 0:28:01 | |
least generous in the world trade
organisation countries. We want to | 0:28:01 | 0:28:10 | |
make this bill better so that we can
protect British manufacturing. Next | 0:28:10 | 0:28:22 | |
year, we will start to pay down the
debt for the first time in 17 years, | 0:28:22 | 0:28:26 | |
that will reduce the burden on
future generations and help our | 0:28:26 | 0:28:30 | |
young people. Today's state of the
nation report made very clear that | 0:28:30 | 0:28:40 | |
the social mobility barriers that
are facing many young people today. | 0:28:40 | 0:28:44 | |
Given this Government's record of
cuts to social funding, raising | 0:28:44 | 0:28:48 | |
tuition fees, and a failure to put
affordable housing for families and | 0:28:48 | 0:28:52 | |
young people, these findings are
lots of rising. That might not | 0:28:52 | 0:28:57 | |
surprising. I will point out to the
honourable gentleman, that you | 0:28:57 | 0:29:08 | |
thought that employment rose under
the Labour Government to 20%, when | 0:29:08 | 0:29:12 | |
the left office, but they let down
young people with stagnating | 0:29:12 | 0:29:15 | |
standards in English and maths,
inflation and rising youth | 0:29:15 | 0:29:21 | |
unemployment. Under this Government,
we are increasing the number of | 0:29:21 | 0:29:25 | |
apprenticeships, we have improved
the school curriculum, we have | 0:29:25 | 0:29:28 | |
brought in new academies and
preschools, and youth unemployment | 0:29:28 | 0:29:31 | |
is at its lowest level for over 13
years. Does my honourable friend | 0:29:31 | 0:29:37 | |
agreed that the budget will support
young people in significantly | 0:29:37 | 0:29:46 | |
lowering their commuting cost, and
encourage more youth into | 0:29:46 | 0:29:49 | |
employment? My honourable friend is
right, of course that will help | 0:29:49 | 0:29:53 | |
young people, we'll also have
introduced these cup for first-time | 0:29:53 | 0:29:58 | |
buyers, which will help many net 20s
and 30s get on the housing ladder | 0:29:58 | 0:30:03 | |
for the first time. We also putting
new money into maths and computer | 0:30:03 | 0:30:07 | |
science, to help young people get
the skills that they need to succeed | 0:30:07 | 0:30:10 | |
in the modern economy. The UK
economy is fundamentally strong, we | 0:30:10 | 0:30:20 | |
have seen 19 consecutive quarters of
growth, unemployment is at its | 0:30:20 | 0:30:23 | |
lowest levels for 32 years, and be a
BR -- obeah forecasts... Does my | 0:30:23 | 0:30:37 | |
honourable friend agreed that it is
only by investing in infrastructure, | 0:30:37 | 0:30:43 | |
that we can clearly build a Britain
that is fit for the future? I very | 0:30:43 | 0:30:48 | |
much agree with my honourable
friend. It is for that reason that | 0:30:48 | 0:30:51 | |
the Government has set out a deal
including £250 million. And is -- | 0:30:51 | 0:30:58 | |
for transport scheme such as judge
and ten of the M6. They need | 0:30:58 | 0:31:07 | |
superfast broadband. Can the
Minister tell what he's going to do | 0:31:07 | 0:31:13 | |
what to ensure that happens? We have
invested in the national | 0:31:13 | 0:31:21 | |
productivity investment funds,
including a further £8 billion. | 0:31:21 | 0:31:31 | |
Yellow rag B though the forecast
last week did show that the only had | 0:31:31 | 0:31:35 | |
grown but only just. There was a
report published this morning that | 0:31:35 | 0:31:47 | |
did show that household finances
were starting to deteriorate | 0:31:47 | 0:31:50 | |
somewhat, and I wondered whether,
you could give some confidence that | 0:31:50 | 0:31:54 | |
the Government is aware of this, and
what they are doing to help | 0:31:54 | 0:31:58 | |
households to maintain their balance
sheets? | 0:31:58 | 0:32:09 | |
That is always assessed in line with
the cyclical offers that are set for | 0:32:10 | 0:32:14 | |
the banks themselves. Can the
economic Secretary explain why the | 0:32:14 | 0:32:19 | |
Government has decided to sell its
shares in RBS now at a loss of over | 0:32:19 | 0:32:24 | |
£26 billion? The public bail out,
yes and they sustained as losses, | 0:32:24 | 0:32:29 | |
Zhuhai, just... -- but why, should
the public make a massive loss? Is | 0:32:29 | 0:32:36 | |
it not the case that selling these
shares, and reclassified as the | 0:32:36 | 0:32:40 | |
association debt is the only way
that the garment can claim that | 0:32:40 | 0:32:43 | |
their debt is falling. The
Government is not selling their | 0:32:43 | 0:32:48 | |
shares now. Our attention has always
been to return the money into the | 0:32:48 | 0:32:51 | |
private sector and to sell the
shares by the end of 2018. What I am | 0:32:51 | 0:32:56 | |
sure that the honourable gentleman
recognises, if that's the balance | 0:32:56 | 0:32:58 | |
sheet is now half the size of what
was in 2008, when his party paid a | 0:32:58 | 0:33:05 | |
share for those shares. So, the bank
is therefore in a very different | 0:33:05 | 0:33:08 | |
place to the mess that we inherited
from the party opposite. The budget | 0:33:08 | 0:33:18 | |
announced the largest increased the
minimum wage in four years. That was | 0:33:18 | 0:33:25 | |
greater than the increased the bill
over 25 is? I am afraid that the | 0:33:25 | 0:33:34 | |
oddments that the Government put
forward, the reality is that under | 0:33:34 | 0:33:39 | |
25 is not included in the national
living wage. That is the financial | 0:33:39 | 0:33:44 | |
secretary... Why shamefully
apprentices are paid as little as £3 | 0:33:44 | 0:33:51 | |
70 under this new budget? As I have
just pointed out, younger workers | 0:33:51 | 0:33:58 | |
are getting a bigger rise than those
over the age of 25, and the reason | 0:33:58 | 0:34:02 | |
that there is a lower rate, is that
the vital importance of making sure | 0:34:02 | 0:34:07 | |
that young people get into work,
they get that work experience, and | 0:34:07 | 0:34:10 | |
they build up these girls, because
we don't want to end up, where we | 0:34:10 | 0:34:13 | |
were at the end of the Labour
Government, with 20% youth | 0:34:13 | 0:34:18 | |
unemployment, and those young people
losing out on opportunities for | 0:34:18 | 0:34:20 | |
life. Mr Speaker, with your
permission, I would like to answer | 0:34:20 | 0:34:29 | |
this question together with question
15. We are expanding the national | 0:34:29 | 0:34:34 | |
investment funds to provide billion
pounds of investment. We are more | 0:34:34 | 0:34:44 | |
than doubling the housing
infrastructure funds to £5 billion. | 0:34:44 | 0:34:47 | |
We have published a national
introduction and construction | 0:34:47 | 0:34:50 | |
pipeline, delivering the largest
realm modernisation since Victorian | 0:34:50 | 0:34:53 | |
times. The biggest road investment
programmes of the 1970s, and two of | 0:34:53 | 0:34:57 | |
the largest independent rail
projects in Europe. Taken together, | 0:34:57 | 0:35:03 | |
this means that this Government will
invest in average £25 billion Pogba | 0:35:03 | 0:35:07 | |
and in real terms, than you during
the 1997 to 2010 Government. I | 0:35:07 | 0:35:19 | |
welcome the investment in
infrastructure, and the Oxford to | 0:35:19 | 0:35:21 | |
Cambridge corridor, which will bring
significant benefits to my area. It | 0:35:21 | 0:35:25 | |
is important is that when we plan
more houses, we get the | 0:35:25 | 0:35:29 | |
infrastructure in before housing is
in place. Does the Chancellor agree | 0:35:29 | 0:35:33 | |
with that position? I agree with my
honourable friend. The Cambridge, | 0:35:33 | 0:35:41 | |
Milton Keynes, Oxford corridor has
the potential for being a global | 0:35:41 | 0:35:50 | |
interest-rate corridor. I agree that
we need a joined up plan which | 0:35:50 | 0:35:53 | |
covers jobs, homes and
infrastructure. Local and national | 0:35:53 | 0:35:57 | |
Government has worked together with
development and investors to align | 0:35:57 | 0:36:00 | |
the livery of these elements to
ensure that infrastructure is in | 0:36:00 | 0:36:04 | |
place. To support the housing growth
in the corridor. Over the last | 0:36:04 | 0:36:10 | |
months, we have seen many accidents
on the main artery through my | 0:36:10 | 0:36:16 | |
constituency, on a 38, I am
currently working with partners to | 0:36:16 | 0:36:19 | |
get much needed urgent improvements
on this road, could I ask the | 0:36:19 | 0:36:23 | |
Treasury to make sure that that
extra investment will enable that | 0:36:23 | 0:36:30 | |
work to under way. We have committed
to invest over £2 billion in the | 0:36:30 | 0:36:35 | |
strategic road network in the
south-west, including these first | 0:36:35 | 0:36:40 | |
steps towards transforming the 8303,
-- A303. Others such as the A38 will | 0:36:40 | 0:37:01 | |
be included in the real strategy.
The Chancellor will know that even | 0:37:01 | 0:37:08 | |
after the budget, the south-eastern
and London Worcester have a | 0:37:08 | 0:37:11 | |
disproportionate share of the
construction spending. Could the | 0:37:11 | 0:37:13 | |
Chancellor undertake to give an
annual report to Parliament which | 0:37:13 | 0:37:20 | |
would each other spending and
economic impact of that spending | 0:37:20 | 0:37:23 | |
across different regions? Mr
Speaker, and certainly happy to look | 0:37:23 | 0:37:29 | |
at the information we hold, and
whether it could be presented in a | 0:37:29 | 0:37:32 | |
way that would satisfy the
honourable gentleman's requirements, | 0:37:32 | 0:37:37 | |
it is a legitimate question, but of
this infrastructure investment will | 0:37:37 | 0:37:42 | |
have impact across the country. For
example, investment in HS two, will | 0:37:42 | 0:37:49 | |
benefit part of the northern England
by more than it benefits the areas | 0:37:49 | 0:37:54 | |
through which the area will run. Can
you explain why the rail funding | 0:37:54 | 0:38:01 | |
firm has been ignored and Scotland's
rail budget has been cut? In the | 0:38:01 | 0:38:11 | |
Network Rail 's CP six investment
programme, as I understand it, and I | 0:38:11 | 0:38:15 | |
will correct myself if I'm wrong,
but as I understand it, the | 0:38:15 | 0:38:19 | |
allocation to Scotland is exactly
proportionate to the overall England | 0:38:19 | 0:38:24 | |
Wales and Scotland budget. Thank
you, Mr Speaker. The huge terms of | 0:38:24 | 0:38:35 | |
additional houses, and the
additional traffic that will come | 0:38:35 | 0:38:38 | |
with a new Thames crossing, the
congestion issues that already faced | 0:38:38 | 0:38:42 | |
the commuters across north Kent,
will the Chancellor outline plans to | 0:38:42 | 0:38:47 | |
boost investment. We do have plans
for investment in the region, | 0:38:47 | 0:38:55 | |
including the lower Thames crossing
project, but I recognise the | 0:38:55 | 0:38:59 | |
challenge that the honourable lady
presents. If there is going to be | 0:38:59 | 0:39:05 | |
significant expansion of housing in
the region, it is essential that the | 0:39:05 | 0:39:09 | |
strategic infrastructure is put in
place. It will be essential that | 0:39:09 | 0:39:14 | |
we... My right honourable friend,
the community secretary will be | 0:39:14 | 0:39:21 | |
bringing proposals through in due
course to ensure that we are able to | 0:39:21 | 0:39:24 | |
capture land uplift for those areas.
The British Government has gone back | 0:39:24 | 0:39:29 | |
on their promised... What specific
infrastructure project are the | 0:39:29 | 0:39:40 | |
Government investing in Wales? The
honourable gentleman says that the | 0:39:40 | 0:39:44 | |
Government has gone back on a
problem to electrified the railway, | 0:39:44 | 0:39:48 | |
what passengers care about is the
quality of service, the frequency of | 0:39:48 | 0:39:53 | |
service, the reliability of service,
and the speed of the service. Train | 0:39:53 | 0:39:58 | |
technology has moved on, so all of
those requirements can be met with | 0:39:58 | 0:40:02 | |
the new hybrid trains that are being
deployed on that network. Thank you, | 0:40:02 | 0:40:11 | |
Mr Speaker. The UK is a world
leading place to start a business. | 0:40:11 | 0:40:18 | |
Start-ups create jobs, track
investments, and bring in innovative | 0:40:18 | 0:40:28 | |
problem jab technologies. We want
our start-ups to grow and succeed. | 0:40:28 | 0:40:31 | |
That is why the Chancellor has that
at a club heads of package to invest | 0:40:31 | 0:40:38 | |
in new businesses. Start-ups and
small businesses form the backbone | 0:40:38 | 0:40:44 | |
of local economies. I will be
visiting some this weekend at my | 0:40:44 | 0:40:49 | |
constituency. Can my honourable
friend say what more is being done | 0:40:49 | 0:40:54 | |
to support these micro-and small
businesses? Well, I will be visiting | 0:40:54 | 0:41:02 | |
small businesses, and I agree
entirely with the comment that small | 0:41:02 | 0:41:05 | |
businesses are the backbone of the
local economy, and that is why the | 0:41:05 | 0:41:08 | |
Chancellor responded to the number
one ask in business, by announcing a | 0:41:08 | 0:41:14 | |
£2.3 billion package to reduce
business written in the budget. That | 0:41:14 | 0:41:22 | |
was worth approximately £9 billion
over five years. It is why our | 0:41:22 | 0:41:26 | |
modern industrial strategy provide
continued funding to ensure that | 0:41:26 | 0:41:30 | |
businesses can access support
locally. | 0:41:30 | 0:41:36 | |
What assessment has the Minister
made on the impact to the economy of | 0:41:36 | 0:41:40 | |
small businesses started out by
disabled entrepreneurs? How can we | 0:41:40 | 0:41:43 | |
champion this and access the
potential of people with | 0:41:43 | 0:41:49 | |
disabilities for our economy?
I think she makes a valuable point | 0:41:49 | 0:41:52 | |
and by raising the question here in
the House and discussing it in our | 0:41:52 | 0:41:56 | |
political system we highlight that
disability should not be a problem | 0:41:56 | 0:42:00 | |
in terms of starting businesses. She
makes a valuable point and I agree. | 0:42:00 | 0:42:08 | |
Number 16.
As a result of the Government | 0:42:08 | 0:42:12 | |
decision to bring public finances
back under control, the forecast has | 0:42:12 | 0:42:18 | |
sustained GDP from next year onwards
with debt falling from 86.5% of GDP | 0:42:18 | 0:42:23 | |
to 79.1% by 2022 - 23. The first
sustained decline in debt for 17 | 0:42:23 | 0:42:30 | |
years.
Thank you for that contribution. | 0:42:30 | 0:42:34 | |
Could he comment on the impact on
the economy of raising debt by £500 | 0:42:34 | 0:42:37 | |
billion?
Increasing debt by £500 billion | 0:42:37 | 0:42:44 | |
would increase debt interest by £7
billion per year. This would reduce | 0:42:44 | 0:42:49 | |
our economic and fiscal resilience
and drown out spending on valuable | 0:42:49 | 0:42:54 | |
public services and pass a greater
debt burden to future generations. | 0:42:54 | 0:43:00 | |
The answer the Minister gave some
years ago on the sale of RBS shares | 0:43:00 | 0:43:04 | |
to deal with Government that's...
Only confirm the Government will | 0:43:04 | 0:43:09 | |
abide by the commitment of the
Chancellor predecessor not to sell | 0:43:09 | 0:43:12 | |
below the acquisition price? As the
honourable gentleman will remember | 0:43:12 | 0:43:20 | |
from my reply earlier, the bank is
in a different place from 2008 when | 0:43:20 | 0:43:24 | |
shares were purchased. That reflects
action taken to simplify the balance | 0:43:24 | 0:43:28 | |
sheets and make it a safer, more
streamlined bank. | 0:43:28 | 0:43:34 | |
The Government has made considerable
progress... Sorry, Mr Speaker, | 0:43:34 | 0:43:38 | |
number 18.
Youth unemployment has decreased by | 0:43:38 | 0:43:45 | |
8.3% since 2010. It is now at its
lowest rate for over 13 years but we | 0:43:45 | 0:43:52 | |
are not complacent. Thus we are
investing in skills to get more | 0:43:52 | 0:43:57 | |
young people into jobs.
The Government has made significant | 0:43:57 | 0:44:02 | |
progress on reducing youth
unemployment and in the area I | 0:44:02 | 0:44:05 | |
represent in the Black Country too
many young people emerge from | 0:44:05 | 0:44:07 | |
education with a lack of basic
skills, which holds the region back. | 0:44:07 | 0:44:11 | |
Would you agree that we need to
continue to invest in skills, | 0:44:11 | 0:44:16 | |
particularly for young people who
lack basic skills, so they can take | 0:44:16 | 0:44:19 | |
advantage of opportunities?
My honourable friend is correct. | 0:44:19 | 0:44:24 | |
That is why we are putting extra
money in the budget in terms of | 0:44:24 | 0:44:28 | |
tripling the number of computer
science teachers, giving £600 to | 0:44:28 | 0:44:32 | |
every school and sixth form College,
where students take Cormac maths or | 0:44:32 | 0:44:36 | |
A-level maths, to make sure all
young people have the best start in | 0:44:36 | 0:44:40 | |
life?
Topical questions, Danielle rolling? | 0:44:40 | 0:44:47 | |
Mr Speaker, the budget laid out the
Government vision for a global | 0:44:47 | 0:44:51 | |
Britain after we leave the EU, and
our ambitious plans to the long-term | 0:44:51 | 0:44:56 | |
challenges that we face, so we can
build an economy fit for the future. | 0:44:56 | 0:45:00 | |
Our balanced approach enables us to
give households and businesses the | 0:45:00 | 0:45:05 | |
support they need in near term as
well as investing in future for this | 0:45:05 | 0:45:10 | |
country. The investment in our
indeed, infrastructure, skills and | 0:45:10 | 0:45:14 | |
housing, we will seize opportunities
of a rapidly changing economy, while | 0:45:14 | 0:45:18 | |
being there to the next generation
by reducing the national debt that | 0:45:18 | 0:45:22 | |
remains too large.
Mr Speaker, members will have heard | 0:45:22 | 0:45:27 | |
last week about the Government
failure on productivity and there | 0:45:27 | 0:45:33 | |
will be revising of the forecast for
our economy over this Parliament. | 0:45:33 | 0:45:36 | |
Can the Chancellor tell us today how
much worse off someone will be on | 0:45:36 | 0:45:39 | |
the National Living Wage in 2020
compared to the forecasts in March | 0:45:39 | 0:45:45 | |
as a result of this Government
failure on wages? | 0:45:45 | 0:45:49 | |
Hear, hear.
As I told he has already today, | 0:45:49 | 0:45:54 | |
somebody on the National Living Wage
as a result of the increase we are | 0:45:54 | 0:45:58 | |
now announcing in the budget will be
£2000 per year better off than when | 0:45:58 | 0:46:02 | |
the National Living Wage was
introduced in 2016. That is before | 0:46:02 | 0:46:07 | |
tax. Taking into account the effect
of the very significant increase in | 0:46:07 | 0:46:13 | |
the personal allowance threshold,
which has reduced tax by 30 million | 0:46:13 | 0:46:18 | |
people, taking 4 million people out
of tax altogether, that same | 0:46:18 | 0:46:20 | |
full-time worker on the National
Living Wage will be £3600 per year | 0:46:20 | 0:46:25 | |
better off than 3020 ten.
-- compared to 2010. | 0:46:25 | 0:46:35 | |
Small businesses suffer worse than
large clients. Some firms have been | 0:46:35 | 0:46:38 | |
forced to accept this kind of 10% to
get paid in 90 days. The Government | 0:46:38 | 0:46:43 | |
has introduced transparency to make
large firms behave more | 0:46:43 | 0:46:47 | |
transparently in regards to payments
will be Chancellor stand ready to | 0:46:47 | 0:46:50 | |
take further action to stop big
firms using small businesses as a | 0:46:50 | 0:46:54 | |
source of cheap loans?
We know that late payment are | 0:46:54 | 0:46:59 | |
serious issue for small businesses
and that is why we act to tackle | 0:46:59 | 0:47:03 | |
unfair practices. As my right friend
mentioned, we want to improve | 0:47:03 | 0:47:09 | |
transparency with large businesses
and practices. There has been a | 0:47:09 | 0:47:15 | |
payment code signed and we have
appointed a small business | 0:47:15 | 0:47:20 | |
Commissioner to support small
businesses resolving disputes with | 0:47:20 | 0:47:24 | |
larger firms.
Can I ask the Chancellor why the | 0:47:24 | 0:47:32 | |
Government has not brought forward
an amendment of the law resolution | 0:47:32 | 0:47:36 | |
in today's budget resolutions? This
is almost unprecedented, and a | 0:47:36 | 0:47:41 | |
tactic only used when there is an
urgent issue to be dealt with. It | 0:47:41 | 0:47:44 | |
will restrict the ability of
honourable members on all sides of | 0:47:44 | 0:47:47 | |
the house to be able to move
amendments and restrict our ability | 0:47:47 | 0:47:50 | |
to address a range of the economic
and social needs of our community. | 0:47:50 | 0:47:57 | |
Hear, hear.
Mr Speaker, the right honourable | 0:47:57 | 0:48:01 | |
gentlemen is wrong. It is not
without precedent. We did not move | 0:48:01 | 0:48:06 | |
an amendment of the law resolution
in relation to the Finance Bill, | 0:48:06 | 0:48:09 | |
which has just gone through
Parliament. It is a small but | 0:48:09 | 0:48:14 | |
worthwhile modernisation measure,
which focuses the debate on the | 0:48:14 | 0:48:17 | |
measures that we are putting before
Parliament in the Finance Bill. | 0:48:17 | 0:48:23 | |
A lot of the Chancellor why he did
not bring forward an amendment of | 0:48:23 | 0:48:26 | |
the law resolution, it is because he
wishes to avoid debate on some of | 0:48:26 | 0:48:29 | |
the key issues facing our
communities. I raise one of those | 0:48:29 | 0:48:35 | |
questions, Mr Speaker, which was
totally neglected last week in the | 0:48:35 | 0:48:40 | |
Budget. The Chancellor received
representations from action for | 0:48:40 | 0:48:45 | |
children, the local government
Association and Barnardos on the | 0:48:45 | 0:48:50 | |
crisis in children's services, and I
quote Sir Tony, Chief Executive | 0:48:50 | 0:48:55 | |
action for children. He says
children services are on unstable | 0:48:55 | 0:48:59 | |
and dangerous putting. We are
crawling to prioritise services | 0:48:59 | 0:49:04 | |
children need before this crisis
turns into a catastrophe. What was | 0:49:04 | 0:49:09 | |
in his mind when he prioritised
giving nearly 5 billion to the banks | 0:49:09 | 0:49:14 | |
rather than plugging the gap in
children's services to those most in | 0:49:14 | 0:49:17 | |
need?
Hear, hear. | 0:49:17 | 0:49:21 | |
Mr Speaker, they will be more than
adequate time to discuss the | 0:49:21 | 0:49:23 | |
measures in the Finance Bill,
because with the Finance Bill the | 0:49:23 | 0:49:28 | |
debate is about measures being put
forward by the Government under the | 0:49:28 | 0:49:31 | |
Finance Bill. That is what
Parliament is here to debate and | 0:49:31 | 0:49:33 | |
that is what we will have time to
debate under this arrangement. | 0:49:33 | 0:49:41 | |
Businesses in Europe well, rising
public investment in research and | 0:49:41 | 0:49:44 | |
development, but even more so they
welcome the chance to do it | 0:49:44 | 0:49:47 | |
themselves with lower business taxes
under this Government. What will be | 0:49:47 | 0:49:52 | |
Chancellor do to encourage more
businesses to take in the increased | 0:49:52 | 0:49:55 | |
research and development tax credits
and the patent box delivered in the | 0:49:55 | 0:50:02 | |
budget?
The Government recognises the vital | 0:50:02 | 0:50:05 | |
importance, Mr Speaker, R and D and
driving up investment and business | 0:50:05 | 0:50:07 | |
and improving productivity, which is
why our and the investment is of | 0:50:07 | 0:50:15 | |
proportionate of GDP is on the rise.
We will push further towards our | 0:50:15 | 0:50:19 | |
target of 2.4% going forward. We
have in this budget announced an | 0:50:19 | 0:50:24 | |
increase in R and D tax credit
expenditure credits from 11% to 12%. | 0:50:24 | 0:50:32 | |
Kirsty Blackmon.
Mr Speaker, in the budget, over £1 | 0:50:32 | 0:50:37 | |
million of the so-called extra money
for Scotland was in the form of | 0:50:37 | 0:50:41 | |
financial transaction money. That is
money the Scottish Government has | 0:50:41 | 0:50:43 | |
got to pay back. The block grant for
spending on front line services is | 0:50:43 | 0:50:50 | |
down £213 million in real terms. How
can the Chancellor suggest that £230 | 0:50:50 | 0:50:56 | |
million reduction for Scotland is a
good deal for us? | 0:50:56 | 0:51:01 | |
Scotland's spending power has been
increased by £2 billion in this | 0:51:01 | 0:51:07 | |
Budget, including financial
transactions which support fantastic | 0:51:07 | 0:51:09 | |
schemes such as help to buy. But
what we need to see if the SNP | 0:51:09 | 0:51:14 | |
Government using their powers to
deliver for Scotland, such as | 0:51:14 | 0:51:21 | |
improving their appalling results in
English and maths education. | 0:51:21 | 0:51:26 | |
Mr Speaker, can I congratulate the
councillor for freezing the duty and | 0:51:26 | 0:51:30 | |
wine and spirits, making sure future
changes only come into effect after | 0:51:30 | 0:51:33 | |
Christmas? Will they look at the
anomaly of white excellent English | 0:51:33 | 0:51:37 | |
sparkling wine at 11% strength is
taxed at £2.77 per bottle against | 0:51:37 | 0:51:44 | |
£2.16 for higher strength still
wine, against just 2p per bottle in | 0:51:44 | 0:51:49 | |
France, and bowsprit it will be
given a boost to this growing | 0:51:49 | 0:51:52 | |
inequality in the quality British
product? | 0:51:52 | 0:51:56 | |
We support the English wine industry
and that is why we announced in the | 0:51:56 | 0:52:00 | |
autumn budget a freeze in wine duty.
EU law, duty and high-strength | 0:52:00 | 0:52:05 | |
sparkling wine must be the same as
that on highest ranked sparkling | 0:52:05 | 0:52:08 | |
cider, and if we reduce the duty on
highest strength sparkling wine it | 0:52:08 | 0:52:12 | |
would mean reducing the duty and a
category of alcohol effectively | 0:52:12 | 0:52:17 | |
associated with problem drinking. I
recognise how much of a champion | 0:52:17 | 0:52:20 | |
Mike honourable friend is for
English wine and I think he is right | 0:52:20 | 0:52:24 | |
in detecting and promoting our
opportunities at home. | 0:52:24 | 0:52:27 | |
Thank you, Mr Speaker. We welcome
the scrapping of VAT for Scotland's | 0:52:27 | 0:52:33 | |
police and Fire Services, this
Government finally seeing sense. In | 0:52:33 | 0:52:35 | |
an interview this year is a
Conservative MPs said there is no | 0:52:35 | 0:52:40 | |
justification for a VAT refund. What
is the Chancellor think of that | 0:52:40 | 0:52:43 | |
statement and that he not agree that
the £140 million of that should be | 0:52:43 | 0:52:48 | |
reimbursed to our vital emergency
services? | 0:52:48 | 0:52:51 | |
Hear, hear.
I think we will take that as the | 0:52:51 | 0:52:53 | |
closest we will get for gratitude
from the Scottish National Party. | 0:52:53 | 0:52:58 | |
The fact is that it was a mistake by
the SNP in the devolution agreement | 0:52:58 | 0:53:04 | |
to sign up to that, despite that, we
did not want to punish the people of | 0:53:04 | 0:53:09 | |
Scotland, which is why we have taken
action on that VAT, as well as | 0:53:09 | 0:53:13 | |
freezing whisky juicy thanks to the
representations of our fantastic | 0:53:13 | 0:53:20 | |
Scottish Conservative colleagues. --
freezing whisky duty. | 0:53:20 | 0:53:26 | |
Does my right honourable friend
agree it is thanks to Conservative | 0:53:26 | 0:53:29 | |
action that today the richest 1% are
paying 27% of all income tax | 0:53:29 | 0:53:34 | |
revenue? That is more than any time
under the Labour Party and it makes | 0:53:34 | 0:53:37 | |
this gap between rich and poor are
the lowest on record. | 0:53:37 | 0:53:42 | |
Speaker, the Government is committed
to a fair tax system in which those | 0:53:42 | 0:53:45 | |
with the broadest shoulders bear the
greatest burden. | 0:53:45 | 0:53:49 | |
LAUGHTER
I am pleased to confirm my | 0:53:49 | 0:53:52 | |
honourable friend is almost correct
that the latest districts show that | 0:53:52 | 0:53:57 | |
in 2017 - 18, the top 1% of
taxpayers are forecast to pay 28% of | 0:53:57 | 0:54:03 | |
all income tax liabilities and that
in 2015, 16, income inequality fell | 0:54:03 | 0:54:08 | |
to its lowest level since the mid-19
80s under a Conservative Government, | 0:54:08 | 0:54:14 | |
Mr Speaker.
Thank you, Mr Speaker. We'll be | 0:54:14 | 0:54:17 | |
Chancellor take this opportunity to
confront this House the words the | 0:54:17 | 0:54:21 | |
Prime Minister gave to the
Manchester evening News on Sunday | 0:54:21 | 0:54:24 | |
evening at the Government will
reimburse all the monies that has | 0:54:24 | 0:54:30 | |
fallen and Manchester services
associated with the arena attack and | 0:54:30 | 0:54:34 | |
the future costs such as the
coroner's inquest just starting? | 0:54:34 | 0:54:40 | |
Hear, hear.
Aggie honourable lady from a | 0:54:40 | 0:54:42 | |
question and I can confirm that is
the case. -- I thank the honourable | 0:54:42 | 0:54:47 | |
lady for her question.
The Chancellor will be aware of the | 0:54:47 | 0:54:50 | |
need for investment in
infrastructure, in particular to | 0:54:50 | 0:54:53 | |
ensure the resilience of the causal
railway at Dora Lesh. What | 0:54:53 | 0:54:56 | |
reassurance can he give me funding
will be available to carry out the | 0:54:56 | 0:55:01 | |
Network Rail scheme and deliver the
aspect of the task force? | 0:55:01 | 0:55:07 | |
Thank you. The railway is vital for
continued growth and prosperity in | 0:55:07 | 0:55:12 | |
south-west England, which is why
this Government invested £400 | 0:55:12 | 0:55:14 | |
million in the Southwest network,
including £10 million for the | 0:55:14 | 0:55:19 | |
section around that part. The
Government has committed to Dublin | 0:55:19 | 0:55:23 | |
and renewals for the next controlled
period and the Southwest will action | 0:55:23 | 0:55:28 | |
mag the Government has committed to
doubling renewals. | 0:55:28 | 0:55:34 | |
£250,000 committed to funding income
projects across Scotland. This is | 0:55:34 | 0:55:39 | |
based on evidence based policy. Will
the UK Government bond itself to | 0:55:39 | 0:55:43 | |
funding a basic income project?
If the honourable gentleman is | 0:55:43 | 0:55:51 | |
looking for advice on evidence
-based policy for Scotland, I think | 0:55:51 | 0:55:54 | |
he needs to look at areas like the
education system where the SNP | 0:55:54 | 0:55:59 | |
Government have failed Scottish
children and are holding back their | 0:55:59 | 0:56:02 | |
opportunities?
Thank you, Mr Speaker. Factories are | 0:56:02 | 0:56:12 | |
boosting productivity by adopting
new techniques and technologies, and | 0:56:12 | 0:56:16 | |
will my right honourable friend
continue to support the growth, | 0:56:16 | 0:56:21 | |
harmony and innovation?
Mr Speaker, my honourable friend | 0:56:21 | 0:56:24 | |
knows that I will. It is only by
embracing this technology and by | 0:56:24 | 0:56:28 | |
looking to the future and committing
to accepting the change that is | 0:56:28 | 0:56:34 | |
inevitable and working with our
workforces and with our companies to | 0:56:34 | 0:56:37 | |
ensure that we are ready for it and
able to take full advantage of it, | 0:56:37 | 0:56:40 | |
that we can raise living standards
sustainably in the future, and that | 0:56:40 | 0:56:44 | |
is what we intend to do.
I was delighted when the Financial | 0:56:44 | 0:56:50 | |
Conduct Authority extended its
compensation scheme to cover debt | 0:56:50 | 0:56:54 | |
management companies. I wonder
whether the Chancellor could tell | 0:56:54 | 0:56:57 | |
the house whether he has had any
discussions with the groups about | 0:56:57 | 0:57:02 | |
that daycare compensation scheme to
cover the victims of this thing, | 0:57:02 | 0:57:11 | |
about people losing millions of
pounds prolonged over 2016 and | 0:57:11 | 0:57:14 | |
agreed to meet with the victims?
Happy to meet with the honourable | 0:57:14 | 0:57:19 | |
gentleman, as he is aware. This is
for the Financial Conduct Authority | 0:57:19 | 0:57:24 | |
am sure they will send out further
details as to how historic debts | 0:57:24 | 0:57:27 | |
will be covered. | 0:57:27 | 0:57:37 | |
Can I ask how the Chancellor can
justify widening the pay gap's? | 0:57:37 | 0:57:47 | |
Can I ask how the Chancellor can
justify widening the pay Like I | 0:57:47 | 0:57:48 | |
said, we are raising the minimum
wage for the jungle that workers at | 0:57:48 | 0:57:54 | |
a higher rate, than for the over
25s. The most important thing is | 0:57:54 | 0:57:59 | |
that we help those people get his
experience, get the training they | 0:57:59 | 0:58:03 | |
need to get into work, rather than
leaving them on the scrapheap which | 0:58:03 | 0:58:06 | |
is what happened under the previous
Labour Government. | 0:58:06 | 0:58:18 | |
What about the other paper that has
gone missing. I put down a question | 0:58:19 | 0:58:26 | |
on the 16th of November, or no
answer has come yet. I think it is | 0:58:26 | 0:58:39 | |
an important paper, I am sure that
my right honourable friend agrees. | 0:58:39 | 0:58:43 | |
Mr Speaker, I do agree with my right
honourable friend, this is of course | 0:58:43 | 0:58:46 | |
a vitally important sector, the
details of publication of documents | 0:58:46 | 0:58:50 | |
is a matter for the... But as she
raised I will look into it. Can the | 0:58:50 | 0:59:01 | |
Chancellor tell the House that the
£350 million a week promised to us | 0:59:01 | 0:59:06 | |
by the Foreign Secretary over the
weekend has been factored into booby | 0:59:06 | 0:59:11 | |
are projections, or indeed his own
budget? -- into booby are... | 0:59:11 | 0:59:30 | |
Mr Speaker, yesterday, I intended
ace summit looking at how we can | 0:59:35 | 0:59:42 | |
improve the... I love that notably
transport is the lowest of any | 0:59:42 | 0:59:48 | |
region in the entire country. Given
that it is the finest region in the | 0:59:48 | 0:59:55 | |
country. Could the Chancellor in all
seriousness get a commitment to make | 0:59:55 | 0:59:58 | |
sure that in the future, the mighty
east midlands will have its fair | 0:59:58 | 1:00:02 | |
share. | 1:00:02 | 1:00:12 | |
I will have met with her in the East
Midlands to discuss the | 1:00:18 | 1:00:21 | |
opportunities there. I can assure
that we will be working together to | 1:00:21 | 1:00:25 | |
make sure that they benefit. The
minister is a wise fellow, and he | 1:00:25 | 1:00:31 | |
relies is that otherwise, he faces
an irresistible force, and I would | 1:00:31 | 1:00:37 | |
fear for the honourable gentleman's
physical well-being. | 1:00:37 | 1:00:49 | |
Despite the clear wrongdoings in the
banking sector, the banks are too | 1:00:59 | 1:01:07 | |
wealthy to sue, so they cannot get
justice. There are calls for an | 1:01:07 | 1:01:14 | |
independent tribunal to provide
accountability. Would you agree with | 1:01:14 | 1:01:17 | |
me to discuss our proposal? I am of
course, very happy to meet with my | 1:01:17 | 1:01:23 | |
honourable friend to discuss this.
One of the... The financial | 1:01:23 | 1:01:29 | |
ombudsman service and how that could
step in to bring comfort... Belleau | 1:01:29 | 1:01:40 | |
what difference will be additional
spending on the health service | 1:01:40 | 1:01:43 | |
announced in the budget last week
make to my constituents? My | 1:01:43 | 1:01:51 | |
honourable friend is absolutely
right. We have seen increasing | 1:01:51 | 1:01:54 | |
demand on the NHS. That is why we
have put in an extra £3.6 billion. | 1:01:54 | 1:01:58 | |
That will help us reduce waiting
lists, and importantly, it will help | 1:01:58 | 1:02:04 | |
us make sure that nurses and other
public sector | 1:02:04 | 1:02:07 |