Oral Answers to Questions

Debate between Jeremy Hunt and Barry Sheerman

Tuesday 6th February 2024 Commons Chamber

[Jeremy Hunt]

My hon. Friend is absolutely right to highlight the pressures caused by business rates. That was why in the autumn statement we introduced the 75% discount for retail, hospitality and leisure. All I would say is that the reason we were able to introduce those large cuts in business rates was that we did not embark on a spending spree of £28 billion a year, which is Labour’s policy on Mondays, Wednesdays and Fridays, but not apparently on Tuesdays, Thursdays and Saturdays.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

I will try to be nice to the Chancellor, but he seems to be living in a parallel universe. If he came to Huddersfield and talked to my businesses and manufacturers, he would find them at the lowest ebb that I can ever remember. It is time that the stimulus was there to make people invest and create jobs. Get on with it, Chancellor!

[Jeremy Hunt]

If that was being nice, I am relieved that I have not seen the other type of questions that the hon. Member asks. I agree that manufacturing is central to our economic fortunes, which is why it was good news that last year we overtook France to become the eighth-largest manufacturer in the world. But we have gone even further: in the autumn statement, we announced a £4.5 billion manufacturing strategy to give further support to make our manufacturers the best in the world.

Oral Answers to Questions

Debate between Jeremy Hunt and Barry Sheerman

Tuesday 5th September 2023 Commons Chamber

[Jeremy Hunt]

I agree with what my hon. Friend says. The Bank of England itself has said there were problems with its inflation forecasting. It is learning the lessons from that and we must support it every step of the way as it brings down inflation.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

Sorry I was late today, Mr Speaker: British Airways cancelled my flight.

When the Chancellor’s predecessor, now the Prime Minister, was Chancellor there was huge fraud in the bounce back loans. Has he got any of that money back yet?

[Jeremy Hunt]

We are always ferociously determined to recover money obtained through fraud, but because of those bounce back loans we have the fastest recovery of any major European country.

Oral Answers to Questions

Debate between Jeremy Hunt and Barry Sheerman

Tuesday 7th February 2023 Commons Chamber

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

14. What recent assessment he has made of the impact of the UK’s departure from the EU on the economy.

[The Chancellor of the Exchequer (Jeremy Hunt)]

Busy day for me. With permission, I would like to answer this with question 16.

Leaving the EU has enabled the UK to realise an array of economic opportunities—not just the Solvency II reforms, but 71 trade deals with non-EU countries worth £240 billion to the UK economy in 2021.

--- Later in debate ---

[Jeremy Hunt]

And very important, too, if I may say so.

There is a certain irony in the SNP opposing Brexit at the same time as advocating separation for Scotland, which would have a far bigger impact. But as the hon. Member has talked about our economic performance, since we left the single market, our growth has actually been higher than that of France or Germany. There are other things that have happened since then as well, but I do not think it is the doom and gloom that he suggests.

[Mr Sheerman]

Last week, I was a bit unkind to one of the Treasury team, and can I apologise for that? I shall be very nice this morning.

Does the Chancellor agree with former Home Secretary Amber Rudd? Yesterday, she said that in order to be a Conservative today you have to have a few drinks and then say that Brexit actually works, or if you have really had a few drinks you can admit it does not work. Could we on all Benches admit that we are poorer in this country because of Brexit and do something about it?

[Jeremy Hunt]

All I would say is that, if Labour really are against Brexit, they should have the courage of their convictions and say they want to re-join the EU. That is the problem: because they do not believe they can make a success of it, they will never be able to run the British economy under it.

Oral Answers to Questions

Debate between Jeremy Hunt and Barry Sheerman

Tuesday 15th November 2022 Commons Chamber

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

The Chancellor just mentioned my good friend Lord Alistair Darling. He should also look at the recent speech made in Huddersfield by another former Chancellor, Sir John Major. His analysis of what has happened to our economy since the Conservatives took over in 2010 is an absolute masterclass in what has gone wrong and what needs to be put right. Will the Chancellor read it and think about it before Thursday?

[Jeremy Hunt]

I always listen very carefully to anything that Sir John Major says. I know that he took difficult decisions that put the economy in excellent shape. The one thing that I do not want to do is bequeath it to a Labour Government.

Economic Update

Debate between Jeremy Hunt and Barry Sheerman

Monday 17th October 2022 Commons Chamber

[Jeremy Hunt]

I wish I could answer that question. As my right hon. Friend will know better than me, this appalling saga is far from over, so we do not know what the total costs will be. I thank him for his rapid and not entirely unexpected lobbying on defence budget issues since I took up this post. I think the job of the Chancellor of the Exchequer is to make sure that our economy is strong enough to fund the role that Britain wants to play in defence of democracy and freedom all over the world.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

I have worked with and against the Chancellor of the Exchequer on many occasions, and I have learned that he is an honest man, but he said in his opening remarks that this country is always good at rising to the challenge of big and difficult times. What I hate about what he said today—I really do hate it—is that there was no note of contrition. This big and difficult was started by his lot only two weeks ago. It is not just big and difficult; it is a national disaster. He spoke not one word of contrition about the mess that his party has made of this country.

[Jeremy Hunt]

I have the greatest respect for the hon. Gentleman, and we have had many exchanges in this House over the years. I think actions speak louder than words, and I do not think I could have been plainer in going out this weekend and today to accept that mistakes were made. The country wants to see us correcting those mistakes, and that is what we have done.