Autumn Statement
Debate between Lord Hammond of Runnymede and Douglas Carswell(7 years, 7 months ago)
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Mr Hammond
I am all in favour of discussing these big strategic questions in a grown-up way, trying to build a consensus across the House, but I see little interest from Opposition Members in doing that. We have made a commitment of £10 billion of additional funding for the NHS over this Parliament—[Interruption.] Yes, we have. It is £10 billion of additional funding by the end of this Parliament. A senior management team in the NHS has drawn up a plan, set the budget and asked for the money. It has been given the money and I think we should allow it to show what it can do.
Mr Douglas Carswell (Clacton) (UKIP)
The Chancellor’s autumn statement suggests yet more public borrowing, with total public debt due to increase to £1.6 trillion in the new year and £1.9 trillion by 2020, when it will be four times what it was in 2005. Rather than being a reflection on Brexit, is not the accumulation of these unsustainable levels of public debt due to his predecessor’s failure to match words with deeds and get a grip on public spending?
Mr Hammond
No. I appreciate that the hon. Gentleman will not have had a chance to read the report, but when he does so, he will see that the big drivers of debt are: the deteriorating forecast for growth, which of course has a big impact; the structural change that appears to be taking place in the relationship between a given level of GDP and tax receipts—I mentioned in my statement that we will have to address that—and the measures that the Bank of England took, which have a direct impact on public debt, but only in the short term, because they do unwind over the course of a few years.
Oral Answers to Questions
Debate between Lord Hammond of Runnymede and Douglas Carswell(9 years, 1 month ago)
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Mr Hammond
The Prime Minister set out in a number of publications and speeches the key areas in which we need to make change. I do not know whether the hon. Gentleman has ever engaged in a process of negotiation, but if I were to produce a piece of paper with our red lines and bottom lines on it, we would be shot; our negotiating position would be destroyed. We do not intend to proceed in that way.
Mr Douglas Carswell (Clacton) (UKIP)
17. Are there any circumstances in which, if the Foreign Secretary fails to secure agreement for real reform from our counterparts, he will join the out campaign—or is he in at any price?
Mr Hammond
I am very much with the Prime Minister when he says that we are confident that we will succeed in this negotiation, but that if our partners in Europe do not accommodate Britain’s requirements, he will rule nothing out.