Oral Answers to Questions

Lord Hammond of Runnymede Excerpts

Tuesday 29th January 2019 Commons Chamber

[Neil O’Brien (Harborough) (Con)]

4. What steps he is taking to increase earnings for the lowest paid.

[The Chancellor of the Exchequer (Mr Philip Hammond)]

The national living wage was introduced by my predecessor. It will rise to £8.21 from April this year. In total, it will have delivered a pay rise of over £2,750 for a full-time minimum wage worker since its introduction in 2016. While we are proud of that achievement, my hon. Friend the Member for Chelmsford (Vicky Ford) will know that in the long term, sustainable pay growth relies on improving productivity. That is why we are investing heavily in infrastructure and are delivering a national retraining scheme to ensure that people are equipped for the technology revolution ahead.

[Vicky Ford]

What steps are the Government taking to make sure that everyone, including those on the lowest incomes, has the opportunity to save for their future?

[Mr Hammond]

The Government are committed to supporting savers at all levels of income and at all stages of life. In September 2018, we introduced Help to Save, which is targeted at people on low incomes and which Martin Lewis of moneysavingexpert.com described as

“a very clever scheme”

that

“enables people possibly to have the best of both worlds”.

It pays a 50% bonus on savings of up to £50 made by working families on low incomes. We have 80,000 accounts open already, and we expect the numbers to rise substantially over the next few months.

[Neil O’Brien]

My constituency has a quarter more businesses and 6,700 more people in work than in 2010, and Harborough district has seen the fastest growth in wages anywhere in the east midlands over the last five years, but we cannot rest on our laurels. To accommodate 230 more jobs, Harborough District Council is building a new “grow on space”. Will the Chancellor come and visit it once it is complete?

[Mr Hammond]

The sting was in the tale. I am delighted to welcome the new jobs that have been created in Harborough through the action of the council, no doubt with strong encouragement from my hon. Friend. The Government are keeping taxes low and are helping start-ups to access the support that they need. That is why 3.4 million new jobs and 1.2 million more businesses have been created since 2010. With regard to his generous invitation, as I visited his constituency and had the pleasure of seeing what was going on there only very recently, if he does not mind, I will offer it to one of my team.

[Catherine McKinnell (Newcastle upon Tyne North) (Lab)]

Given that the Government’s own analysis shows that every region and every nation of the country will be poorer under any form of Brexit, does the Chancellor really believe that the lowest paid will be better off as a result of us leaving the EU?

[Mr Hammond]

The hon. Lady’s statistics are wrong. It is not right to say that every region will be worse off. Every region under every scenario will be better off. The UK economy will continue growing. [Interruption.] The UK economy will continue growing. There is no doubt, as the published cross-Government analysis shows, that leaving with a deal will best protect the UK economy and will be in the interests of all our constituents. I urge the hon. Lady to get behind the deal.

[Derek Twigg (Halton) (Lab)]

Given what the Chancellor has said, why do large numbers of families in my constituency have to go to food banks? Many of them are on universal credit. Working families are having to use food banks in my constituency. What is he doing for them?

[Mr Hammond]

The measures we have taken to increase the national living wage, combined with the increases in the personal tax allowance, mean that a single person on national minimum wage will be £4,500 better off in terms of take-home pay than they would have been in 2010.

[Fiona Bruce (Congleton) (Con)]

24.    The Chancellor has actually already answered my question. What assessment has he made of the effect on the lowest pay of meeting our manifesto commitment to cut personal allowance a year early, which in effect has almost doubled the tax-free allowance under the Conservatives?

[Mr Hammond]

My hon. Friend is right and we are proud of that record. From 2015, 1.7 million of the lowest paid will be taken out of tax entirely and a typical basic rate taxpayer is £1,205 better off in terms of tax paid than in 2010-11. As I have just said, when we combine that with the changes to the national living wage, that is a £4,500 a year increase in take-home pay—8% in real terms, the largest increase across any part of the income distribution.

[Chris Law (Dundee West) (SNP)]

Westminster has repeatedly failed to support Scottish National party demands to introduce a real living wage, ban unpaid trial shifts and extend rights to those in the gig economy. If Westminster will not act, when will employment law be devolved to allow the SNP Scottish Government to boost the wages of the lowest paid in Scotland?

[Mr Hammond]

As I have just said twice, we have substantially increased the national living wage and reduced the amount of tax that people on low incomes are paying. With regard to the question on the gig economy, the hon. Gentleman will know that my right hon. Friend the Business Secretary is currently reviewing proposals for introducing additional employment protections to those in this sector of the economy.

[Stephen Timms (East Ham) (Lab)]

5. What assessment he has made of the potential effect on consumer prices of new non-tariff barriers in the event that the UK leaves the EU without a deal.

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[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

7. What progress his Department has made on reducing the deficit since 2010.

[The Chancellor of the Exchequer (Mr Philip Hammond)]

In 2010, the Government inherited from Labour a deficit at a post-war high. Since then, owing to decisions the Government have taken and the hard work of the British people, the deficit has reduced by about four fifths and is forecast to be just 1% of GDP by 2021-22. The Government’s balanced approach is ensuring that debt is falling while also supporting vital public services, keeping taxes low and investing in Britain’s future.

[Stephen Metcalfe]

I am sure the Chancellor will join me in celebrating the fact that for the first time we are starting to see a sustained reduction in our overall debt. Does he agree that the worst thing we could do is hand over the levers of our economy to the Labour party so that it might leave us yet another toxic inheritance to clean up?

[Mr Hammond]

My hon. Friend is right. The public finances have reached a turning point. This is the first time in 17 years that we are not borrowing for day-to-day expenditure. Debt has peaked and now begun to fall—its first sustained fall in a generation—and the last thing we want is for the hard work of the British people to be thrown away by the incompetence of a Labour Government delivering higher debt and higher interest payments, which they always do.

[Mr Adrian Bailey (West Bromwich West) (Lab/Co-op)]

The Bank of England has forecast a range of negative impacts on the economy from Britain’s leaving the EU, with or without a deal. What assessment has the Chancellor made of the impact of these on the public sector deficit and his current public spending plans?

[Mr Hammond]

The Government have made a cross-departmental assessment of the medium to long-term effects of different Brexit outcomes, which the Government have published. The Bank of England, because it is better equipped to do so, has made an assessment of the short-term impacts of leaving the EU under different scenarios, which it has published.

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

You’re the Chancellor of the Exchequer. You should have made it yourself.

[Nicky Morgan (Loughborough) (Con)]

The next most important update on the deficit will be the Office for Budget Responsibility’s statement around the time of the spring statement, but the OBR has been clear that it can only make a forecast once it knows the Government’s plans for Brexit, so could the Chancellor give the House an update on when he thinks the OBR will be able to produce that work for the spring statement in relation to the Brexit timetable?

[Mr Hammond]

Yes I can. My understanding is that the OBR is basing its forecasting work on the same assumptions it used at Budget 2018, but, as my right hon. Friend has asked me, I can inform the House that the spring statement will be made on Wednesday 13 March. I remind the House that it is not a fiscal event but that, as I have said before, if the economic or fiscal outlook changes materially, it is always open to us to turn it into one.

[Tim Farron (Westmorland and Lonsdale) (LD)]

World-class connectivity is vital to tackling the deficit, but the Treasury’s decision to stop investors in community benefit societies receiving 30% tax relief could undermine the good work of broadband pioneers such as Broadband for the Rural North—B4RN—in Cumbria. Given that B4RN has reached the parts of Cumbria that the Government and BT could not or would not reach, what assessment has the Chancellor made of the effect of that decision, and will he think again about his damaging proposals?

[Mr Hammond]

I am not familiar with the case to which the hon. Gentleman has referred, but obviously we want to encourage the delivery of high-speed connectivity in all areas, including rural areas. If the hon. Gentleman wishes to write to me with the details, I shall be happy to look at them and respond to him.

[David T. C. Davies (Monmouth) (Con)]

18. Does my right hon. Friend agree that we would be paying off the deficit even more quickly if companies such as Starbucks and Amazon paid a fair share of tax? Is that a point that he might be willing to make to their bosses next time they get on the phone to him to complain about Brexit?

[Mr Hammond]

We have taken a large number of measures to ensure that all companies pay the appropriate amount of tax, and we have closed a significant number of loopholes that have been used to avoid corporate tax in the past. My hon. Friend will understand that I cannot discuss individual taxpayers at the Dispatch Box, but of course the Government want to see every taxpayer paying the appropriate amount and contributing fairly to the support of our public services.

[Peter Dowd (Bootle) (Lab)]

Bonkers, Mr Speaker. Let me add, respectfully, that I am referring not to you, Sir, but to the response of the Resolution Foundation’s director to the Chancellor’s £6.2 billion corporation tax giveaway. Even the adviser to the previous Chancellor says that the cut represents poor value for money, and the danger is that it will slow progress in reducing the deficit. If the Chancellor is giving away £6.2 billion, does he accept that it would be better given to, for example, cash-strapped local councils, rather providing handouts for cash-rich corporations?

[Mr Hammond]

The Labour party will have to get its act together, and organise a discussion between its Front Benchers and its Back Benchers.

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

You ought to get your act together.

[Mr Hammond]

Well, I know where the deep divisions lie. [Interruption.] We have heard many Opposition Members express concern about a lack of investment and the potential relocation of businesses, but now the hon. Member for Bootle (Peter Dowd) has popped up on the Front Bench suggesting that we hit business with an additional tax charge. Labour is the party that is proposing to increase corporation tax for businesses, including the smallest in our country. We will remain the party that is encouraging businesses, large and small, by ensuring that ours is an attractive jurisdiction for investment to take place.

[Peter Dowd]

Not content with his Government’s manic drive—and there was an example of it—to turn Britain into a bargain basement economy, the Chancellor is splashing out billions of pounds of taxpayers’ money to prop up a no-deal Brexit. Will he come clean and admit that the hard Brexit for which he is reluctantly preparing may lead to increased borrowing, more debt and the widening of the deficit, not to progress in reducing it?

[Mr Hammond]

Some might think it a bit rich for Labour Members to lecture us about increasing deficits and debt, given that their stated policy is to increase the deficit and the debt. Let me be frank with the hon. Gentleman. He has seen the analysis that the Government have published. If we leave the European Union without a deal, yes, it will lead to an increased deficit, and it will lead to an increase in the debt. That is why the Conservatives are working to ensure that we deliver the deal that will protect the British economy. What I do not understand is why Labour Members who genuinely fear a no-deal outcome do not get behind the solution.

[Robert Halfon (Harlow) (Con)]

8. What plans the Government have to make capital funding available for new hospitals.

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[Sir Desmond Swayne (New Forest West) (Con)]

10. What recent contingency plans he has made to prepare for the UK leaving the EU without a deal.

[The Chancellor of the Exchequer (Mr Philip Hammond)]

Leaving the EU with a deal remains the Government’s top priority, but as a responsible Government we are, of course, also making preparations to ensure that the country is ready for every eventuality across all sectors of the economy. I have made substantial funding available to prepare for the UK’s exit from the EU in all scenarios. HMRC has written on no-deal preparations to 145,000 EU-only traders, and the Government have produced a partner pack to support stakeholders in preparing for a no-deal scenario.

[Sir Desmond Swayne]

And worth every penny, isn’t it? How much in total is the Chancellor spending on delivering the people’s decision?

[Mr Hammond]

Let me put it this way: since 2016 I have made more than £4.2 billion available for EU exit planning, and funding for the 2019-20 financial year has now been allocated to Departments. That is funding to prepare the Government for leaving the EU in any scenario. In addition, I have made arrangements to ensure that Departments and the devolved Administrations can fund measures to address urgent civil contingencies in a no-deal scenario.

[Sir Vince Cable (Twickenham) (LD)]

The Chancellor has rightly made very clear his determination to avoid a no-deal Brexit. How in practice does the Treasury distinguish between those no-deal preparations that have enduring value for money and those that will have been wasted in the event that he is successful?

[Mr Hammond]

Some of the expenditure being undertaken by Departments will be required in any case for our post-EU future, whether we leave with a deal or no deal, but I have made no bones about the fact that some of the expenditure is of a precautionary nature. The expenditure will be nugatory if the deal is agreed and we leave with a smooth trajectory. Every responsible Government, across all areas of activity, undertake expenditure to deal with potential contingencies, to ensure that the country is prepared for eventualities that may arise. It is proper that we should do so.

[Mr Speaker]

We are running out of time, so we need one-sentence questions.

[Mr Speaker]

That was absolutely hopelessly long.

[Mr Hammond]

My hon. Friend demonstrates ingenuity and she is absolutely right: the nuclear sector deal is very important.

[Ian C. Lucas (Wrexham) (Lab)]

15.   Some £16 billion to £20 billion of private sector investment has been taken out of north Wales because of the suspension of the nuclear project. Will the Chancellor meet me and other MPs from north Wales to discuss the north Wales growth deal, which was put in place before that dreadful announcement?

[Mr Hammond]

Obviously, we are disappointed by Hitachi’s decision to suspend work on the Wylfa project, but we have not given up hope. It retains the site and we hope that the work we are doing on a possible alternative financing model may yet allow the project to go ahead, but I am very happy to meet the hon. Gentleman.

[Wes Streeting (Ilford North) (Lab)]

11. What discussions he has had with the Secretary of State for Exiting the European Union on the Bank of England’s forecasts for the economy after the UK leaves the EU.

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[Alex Chalk (Cheltenham) (Con)]

T1. If he will make a statement on his departmental responsibilities.

[The Chancellor of the Exchequer (Mr Philip Hammond)]

My principal responsibility is to ensure economic stability and the continued prosperity of the British people. At this juncture, the best way to achieve that objective is to support a negotiated Brexit, ensuring a smooth and orderly departure from the EU.

[Alex Chalk]

Cheltenham’s Government-backed future cyber-park will deliver jobs and opportunities for local people. What role will the Government’s university enterprise zones play in ensuring that this project is backed to its full potential?

[Mr Hammond]

I welcome the work that is going on in Cheltenham to build on the magnetic effect of GCHQ and to attract innovative cyber-based firms to the area. In autumn Budget 2018, I announced £5 million to support proposals for university enterprise zones, which will encourage collaboration between universities and businesses, promote knowledge and skills exchange, and deliver a boost to local productivity. The funding will allow excellent institutions such as the University of Gloucestershire to develop locally led proposals to build on strengths like cyber-security, technology and engineering.

[John McDonnell (Hayes and Harlington) (Lab)]

Let me bring the Chancellor back to Brexit. He knows full well the impact that no deal would have on people’s everyday lives. As we have heard, the British Retail Consortium warned yesterday that a no deal would lead to higher food prices, and even to empty shelves. The Government’s own economic analysis suggests a 10% hit to real wages. Knowing all this, would not a responsible Chancellor—a senior member of the Cabinet—stand up to the Prime Minister to insist that she rule out a no deal?

[Mr Hammond]

We are absolutely determined to avoid no deal, but the way to avoid no deal is to deliver a deal. As the Prime Minister has said from this Dispatch Box many times, the choice is stark: do the deal or face no deal or no Brexit. No Brexit would be a betrayal of the democratic decision of the British people, and no deal would be a betrayal of our economic future. The deal is the only way forward that protects our democracy and our economy.

[John McDonnell]

It is a deal that lost in this House by a majority of 230. Just as business leaders were not reassured by the Chancellor’s phone call, I do not think the House will be reassured by his response today. The Bank of England has warned that we are potentially facing an economic crisis even more severe than the financial crisis of 2008. Past holders of his great office of state would have had the strength and authority around the Cabinet table to prevent the Prime Minister from behaving so recklessly. At a time when the country is facing a potential national economic crisis, has there ever been a Chancellor so weak?

[Mr Hammond]

If the right hon. Gentleman believes what he has just told the House, he should get off his backside and get the Leader of the Opposition off his backside, and they should get themselves over to Downing Street to sit down and engage with the Prime Minister so that we can solve this problem in the national interest.

[Priti Patel (Witham) (Con)]

T3. The Chancellor will know that the great county of Essex is underfunded, on per capita measures, for education, health and policing, so will he use the forthcoming comprehensive spending review to ensure that Essex is at the top of the list so we can make sure that our services are well funded?

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[Diana Johnson (Kingston upon Hull North) (Lab)]

T4. What discussions has the Chancellor had with the Transport Secretary about the economic impact of a no deal on cities that have regional ports?

[Mr Philip Hammond]

We have a cross-Whitehall committee that regularly discusses impacts of a no-deal exit and makes preparations for them. The issues that the hon. Lady is raising have been and will continue to be considered in that forum.

[Mrs Pauline Latham (Mid Derbyshire) (Con)]

T8. What is the Minister’s estimate of new start-ups in the creative industries and of their contribution to the economy?

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[Stephen Kerr (Stirling) (Con)]

T10. Forecasting has had a bad rap recently from some people. Will the Chancellor therefore join me in welcoming a report from Commerce Bank that found that economic forecasting is more accurate now than it has been for most of the past 30 years?

[Mr Philip Hammond]

I agree with my hon. Friend on this. Forecasting has had a bit of a bad rap in this House over the past couple of years, but this report was interesting, because it showed that economic forecasts in fact have a good track record of delivering, and we should pay attention to what the experts are telling us.

[Kevin Brennan (Cardiff West) (Lab)]

T6. It is Independent Venue Week. Such venues are the research and development to a £4.5 billion music industry, but a third of them have closed in the past decade. Why is the Chancellor, who has Runnymede Jazz Club in his constituency, giving a rates discount to pubs but not to music venues? Will he look at that again?

[Mr Speaker]

Let us hear about the jazz situation in Runnymede.

[Mr Hammond]

Jazz is alive and well in Runnymede. Perhaps the hon. Gentleman will give me the precise address of the Runnymede Jazz Club later. The measures we announced in the Budget to support high street and retail more generally apply to all retail outlets with a rateable value of less than £51,000. If he has a specific point to make about music venues, I or one of my colleagues would be happy to meet him to talk about it.

[Mr Marcus Jones (Nuneaton) (Con)]

I welcome the future high streets fund and the various business rate reliefs that the Chancellor has provided. What more can he do to support bricks and mortar retailers who have a far greater business tax liability than the online giants they are now competing against?

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[Neil Gray (Airdrie and Shotts) (SNP)]

We knew that shifting the BBC licence fee concession to the BBC has always been folly, but we now know from the BBC’s consultation that the £745 million cost is likely to mean either a reduction in output, pensioners losing the concession, or both. Will the UK Government finally reverse this ridiculous decision and bring the concession back to the Government?

[Mr Philip Hammond]

A consultation is under way that I believe ends on 13 February. Once it is complete, the Government will consider it.

[Bim Afolami (Hitchin and Harpenden) (Con)]

What is the Treasury’s view of the idea of opportunity zones to help to revitalise some of the more disadvantaged parts of our country, particularly in that they differ from enterprise zones because they involve a capital gains cut rather than other types of tax relief?

[David Hanson (Delyn) (Lab)]

Does the Chancellor of the Exchequer have any plans to meet Tom Enders, the chief executive of Airbus, to discuss his view that no deal will be disastrous for the UK economy?

[Mr Philip Hammond]

I am pleased to say that I recently had an opportunity to talk to Tom Enders and his successor Guillaume Faury, the incoming chief executive of Airbus, and to assure them of the Government’s commitment to make the UK a hospitable and attractive place for Airbus to continue to do business.

[Jo Swinson (East Dunbartonshire) (LD)]

UK corporation tax was already the third lowest in the G20, yet this year the Government are spending more on an unnecessary corporation tax cut than it would cost to end the cruel benefits freeze. Politics is about choices. Can the Chancellor not see that when the poorest are suffering, a race to the bottom on corporation tax is the wrong priority?

[Mr Hammond]

If we want to have well-funded public services and a generous welfare support system in this country, we also have to ensure that we have a solid business base creating the jobs and the tax revenues for the future. It is about getting that balance right, and in my opinion right now is not the time to be sending a negative message to businesses about the attractiveness of investing in the UK.

[Mr Jim Cunningham (Coventry South) (Lab)]

When is the Chancellor going to make money available to address the shortage of police officers in the west midlands? We are 3,000 short. I regularly have representations from residents in Finham, Willenhall and St Michael’s about the high increase of crime in their areas. When is the Chancellor going to make funds available to replace these officers?

[Anna Turley (Redcar) (Lab/Co-op)]

Sirius Minerals already employs more than 800 people in North Yorkshire and Teesside in the world’s largest polyhalite mine, but to bring 50 years of growth and job opportunities to our region, it needs a Treasury guarantee on its funding. Will the Chancellor make that guarantee available today and unleash a whole new era of jobs and opportunities in my area?

[Mr Philip Hammond]

I am familiar with the project in question and a discussion is going on between the company and the Treasury. Those discussions are of course commercially sensitive and confidential, so I cannot discuss them, but the conversation is ongoing.

[Several hon. Members rose—]

[Jim Shannon (Strangford) (DUP)]

They always wish to hear the Strangford perspective on life, but that is by the bye.

Will the Chancellor outline the possible negative effects that reducing the deficit could and would have on the defence budget in the next three years?

[Mr Hammond]

The Government have made a commitment to maintain the real-terms value of the defence budget at 2% of our GDP, increasing defence spending in real terms in every year. We have no intention of changing that commitment to UK defence.

[Philip Davies (Shipley) (Con)]

When will the Chancellor give some much-needed money to our police forces?

[Rushanara Ali (Bethnal Green and Bow) (Lab)]

Workers at Dyson, Jaguar Land Rover and Ford are among the casualties of the threat of no deal. Given the number of jobs at risk, is it not time for the Chancellor to get off his backside and ask the Prime Minister to rule out the threat of no deal and to stop holding Parliament and the country to ransom?

[Mr Philip Hammond]

Parliament speaks for itself, and Parliament clearly has the opportunity to speak on this issue. I will continue to work with the Prime Minister to try to ensure that the deal that we place before the House of Commons is improved in a way that allows Members of Parliament to get behind it to ensure that we are not faced with the unacceptable choice of either no deal or no Brexit.

[James Gray (North Wiltshire) (Con)]

Further to the question asked by the hon. Member for Bethnal Green and Bow (Rushanara Ali), will my right hon. Friend find time to have a meeting with my constituent, Sir James Dyson, to ask for confirmation that, rather than taking people to Singapore, he is taking only two senior executives to Singapore? He has invested £200 million in a research and development facility at Hullavington in my constituency and £43 million in a college in Malmesbury. He is employing 4,500 people, and that number is increasing rather than decreasing.

[Mr Hammond]

I or one of my colleagues will be very happy to meet Sir James Dyson should he request such a meeting. We regularly meet industrial leaders, and we will continue to do so.

[Peter Kyle (Hove) (Lab)]

Yesterday, the Prime Minister announced her support for the Brady amendment, which will profoundly change the deal. What right has the Chancellor got to ask us to vote for a deal that the Prime Minister herself wants to tear up?

[Mr Hammond]

In a very short while, after a very important statement that is about to be made by my right hon. Friend the Financial Secretary to the Treasury, the Prime Minister will set out her case to the House, and the hon. Gentleman and all his colleagues will be able to consider carefully what is now in the national interest.

[Hannah Bardell (Livingston) (SNP)]

Can the Chancellor explain to people across the UK what the point is in balancing the books if it is done on the backs of the poorest in our society and they are being starved into shoplifting? In Dundee recently, a woman was left with £90 a month on which to live. The sheriff said that it was a matter of considerable concern that someone was trying to live on £90 a month. What does he say to the judiciary and what does he say to our citizens who are being starved into poverty?

[Mr Hammond]

Earlier in this session, I said that, if we want to have well-funded public services and a well-funded welfare support system, we must ensure that we have a sound economy. Part of having a sound economy is to get our deficit under control and our debt falling so that we are less vulnerable to shocks in the future. Our current levels of debt mean that this country is vulnerable in the event of an economic downturn. Such downturns come along from time to time, and we need to be able to manage them in order, precisely, to protect the poorest in our society.

[Stephen Morgan (Portsmouth South) (Lab)]

Does the Minister agree that the Government’s idea of turning high streets into residential streets or office spaces is not a solution to solving our high street crisis?

[Mr Hammond]

That is not what the Government propose or have proposed, but we must recognise that retail is changing and that the nature of our high streets has to change. The future high street will probably be smaller than the high streets of today. It makes sense to use the land that is released around our high streets to develop residential accommodation, addressing the housing challenges that we face, but also bringing footfall back into our high streets and town centre areas to give them vibrancy and a decent chance for the future.

[Alan Brown (Kilmarnock and Loudoun) (SNP)]

What procurement and budget advice did the Chancellor’s Department provide the Department for Transport before it awarded a ferry contract to a ferry company with no ferries?

[Mr Hammond]

The Department for Transport has complied with all the Treasury’s Green Book procedures in letting the contract in question, and the decision to go ahead will have been taken with the consent of the Department for Transport’s accounting officer.

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

On a point of order, Mr Speaker. I may have erroneously misled the House when I said that the Minister said that the Government were creating 75 businesses a minute. It has been pointed out to me that he actually said 75 businesses a second.