Autumn Statement

Debate between Lord Hammond of Runnymede and Baroness Ritchie of Downpatrick

Wednesday 23rd November 2016 Commons Chamber

[Mr Hammond]

Absolutely. My hon. Friend knows very well that our stated ambition and the driver in everything we do is to build an economy that works for everyone, but we are realists, unlike the fantasists on the Opposition Front Bench. We know that we can build an economy that works for everyone only if it is a strong economy with strong investment and good, strong British companies exporting their products around the world.

[Ms Margaret Ritchie (South Down) (SDLP)]

Although I regret that there is no help for those WASPI women who need transitional protection, I welcome the investment in broadband infrastructure. Can the Chancellor assure the House that that will be fairly spread across rural communities and throughout all devolved and non-devolved jurisdictions to prevent further broadband inequalities opening up across Northern Ireland and Britain?

[Mr Hammond]

The money that we are investing will be used partly to fund pilots, particularly to cement our lead in 5G, and partly to catalyse private sector investment. Our telecoms infrastructure is primarily funded by private investment, but I can assure the hon. Lady that this funding will be spread across the United Kingdom. We want to spread the benefits of 5G and superfast broadband as widely as we possibly can.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Baroness Ritchie of Downpatrick

Tuesday 19th July 2016 Commons Chamber

[Mr Hammond]

Yes, as one of my colleagues has already said, if we are to tackle the issue of profit shifting by global corporations, we have to do it on a global basis. This is an important topic on the agenda of the G20 Finance Ministers meeting this weekend in Chengdu, China, in which I intend to take a full part.

[Ms Margaret Ritchie (South Down) (SDLP)]

T8. What positive consideration will the new Treasury team give to the implementation of fiscal flexibilities to assist and underpin our tourism industry?

[Mr Hammond]

We will look in the autumn statement at all sectors of the economy, and where we believe that additional fiscal support is necessary, we will announce appropriate measures.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Baroness Ritchie of Downpatrick

Tuesday 24th May 2016 Commons Chamber

[Mr Hammond]

My hon. Friend asks two separate questions. First, we are committed to the unfreezing of Iranian assets. Some who were opposed to the joint comprehensive plan of action—JCPOA—agreement with Iran suggested that up to $150 billion would flow back to Iran in short order, but to date we think that the process has managed to achieve about $11 billion. Secondly, there are of course international agreements in place to monitor and prevent money laundering and the financing of terrorist organisations, and those apply to Iran as much as to any other country.

[Ms Margaret Ritchie (South Down) (SDLP)]

What is the Foreign Secretary’s assessment of the growing violations of press freedom in Tunisia?

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Baroness Ritchie of Downpatrick

Tuesday 23rd February 2016 Commons Chamber

[Ms Margaret Ritchie (South Down) (SDLP)]

Following yesterday’s drop in the value of sterling, what other implications does the Foreign and Commonwealth Office anticipate for Britain and Northern Ireland as a result of the uncertainty around the referendum?

[Mr Philip Hammond]

Uncertainty always has a cost to business. Business hates uncertainty, and the markets will reflect it. That is why it is right to hold the referendum at the earliest possible date—23 June—and settle this issue once and for all so that Britain can get on with Britain’s business.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Baroness Ritchie of Downpatrick

Tuesday 12th January 2016 Commons Chamber

[Mr Hammond]

China is a vital trade partner. It is also an important investment partner, with a huge willingness to invest in UK infrastructure and a huge ability to absorb investment by UK companies in China. Our relationship with China is about more than just trade and investment, however. As the relationship grows, we will have increasing opportunities to engage with the Chinese on other key interests and to make our voice heard.

[Ms Margaret Ritchie (South Down) (SDLP)]

What opportunities will arise for those who wish to export food produce from the United Kingdom to China? What further discussions have taken place with the Secretary of State for Environment, Food and Rural Affairs, following her visit to that country in November?

[Mr Hammond]

The hon. Lady puts her finger on a very topical subject. I discussed it again with the Chinese Foreign Minister during my visit. We look forward to Chinese customers being able to buy excellent British beef and lamb in their supermarkets in the very near future. The Chinese have assured us that they will make progress towards the necessary regulatory amendments to allow that to happen.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Baroness Ritchie of Downpatrick

Tuesday 20th October 2015 Commons Chamber

[Mr Philip Hammond]

I am not going to define who can and who cannot take part in the argument, but we believe that settlement building breaches international law and that it is essential that we do not allow the facts on the ground to make impossible a two-state solution, which we all fervently hope will be the ultimate solution to the Palestine question.

[Ms Margaret Ritchie (South Down) (SDLP)]

As part of ongoing discussions and negotiations with the European Commission, will the Foreign Secretary and the Secretary of State for Environment, Food and Rural Affairs ensure that the European maritime and fisheries fund is approved as quickly as possible in order to underpin fishing communities throughout the UK?