Contributions
2,978 recent contributions in Hansard
HANSARDEconomic SituationI am afraid that I have no idea who the Chancellor met. I am sure that if the hon. Gentleman writes to the Chancellor he will set that out, but I do not know.12 Oct 2022HANSARDEconomic SituationI have already explained, as I think I said yesterday, that there is a statutory process that happens every single year when these decisions get taken. No decision has been taken…12 Oct 2022HANSARDEconomic SituationRespectfully, no, I do not agree.12 Oct 2022HANSARDEconomic SituationIf I may respectfully say so, that is nonsense. The tax reductions, including those that the hon. Gentleman voted for last night, apply to everybody in work earning more than…12 Oct 2022HANSARDEconomic SituationThe hon. Member calls for a reversal of the growth plan, yet she voted in favour of its largest measure just last night. She talks about sidelining the OBR, yet it will be fully…12 Oct 2022HANSARDEconomic SituationAs I have explained before, we are in a global cycle of interest rate increases and there has been global dollar strength. We have taken action in the energy intervention and in…12 Oct 2022HANSARDEconomic SituationI thank my right hon. Friend for his question. As Chairman of the Education Committee, he is a tireless campaigner for education and skills. I agree that the purpose of economic…12 Oct 2022HANSARDEconomic SituationI think the Prime Minister said a couple of weeks ago that, with hindsight, some of the pitch rolling or preparation could have been better handled, but I think that the package…12 Oct 2022HANSARDEconomic SituationIt is not taxpayers’ money in the sense that the phrase suggests. There is a fiscal indemnity so that any profit or loss will end up flowing back to the Exchequer, but, as I said…12 Oct 2022HANSARDEconomic SituationThe reason that, on the second day of the new Government’s term in office, we brought forward the energy price guarantee was to protect consumers and in effect lower inflation by…12 Oct 2022HANSARDEconomic SituationAbsolutely. I completely agree with my hon. Friend, whose work on jobs fairs is extremely commendable. The way out of poverty and to create prosperity is to get people into good…12 Oct 2022HANSARDEconomic SituationI thank my right hon. Friend for his suggestion about Odesa. I know that he is an expert in military matters and matters of international diplomacy, and that he has been to…12 Oct 2022HANSARDEconomic SituationWe do not plan to defer the tax measures, because we think that having an internationally competitive tax system is important, as it will help to encourage businesses and…12 Oct 2022HANSARDEconomic SituationThe Chancellor is in extremely regular contact with the Governor of the Bank of England, which, with its various agencies, has responsibility for systemic financial stability. We…12 Oct 2022HANSARDEconomic SituationIf the hon. Lady objects so much to tax reductions, why did she vote for them yesterday?12 Oct 2022HANSARDEconomic SituationThe Government are keen to help everyone, including the hon. Lady’s constituent, to get on to the housing ladder: that is something we strongly support. I have already explained…12 Oct 2022HANSARDEconomic SituationI am grateful to my right hon. Friend for mentioning the international comparisons again. The unemployment figure in the UK is 3.5%—inexplicably, Opposition Members have not asked…12 Oct 2022HANSARDEconomic SituationI am obviously not going to offer individual financial advice to constituents. What I would say is that there are about 2,300 mortgage products currently on the market. We are…12 Oct 2022HANSARDEconomic SituationI thank my hon. Friend for his question. It obviously depends on the prices at which the Bank and England buys and sells bonds or gilts in the market. It is worth observing that…12 Oct 2022HANSARDEconomic SituationWhat the statement will set out in the round is how we will get debt as a proportion of GDP falling in the medium term. That is the critical metric, and that is what the…12 Oct 2022