Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Ian C. Lucas

Tuesday 29th January 2019 Commons Chamber

[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.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Ian C. Lucas

Tuesday 18th July 2017 Commons Chamber

[Mr Hammond]

The hon. Gentleman will know—I say that, but perhaps he will not—that public sector net debt will continue to grow until the deficit is eliminated. That is a simple arithmetic fact. His Government pushed our deficit up to almost 10% of GDP, and we have spent the past seven years getting it down to 2.4% of GDP. We will carry on getting the deficit down so that this country’s public finances get back into balance. We are a responsible Government, planning for Britain’s future.

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

3. What steps he is taking to incentivise private sector investment infrastructure projects in the nations and regions.