Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Jack Lopresti

Tuesday 6th November 2018 Commons Chamber

[Mr Hammond]

My understanding is that, after negotiations, including negotiations involving the Scottish Government, the Tay cities deal is almost agreed, and we hope to see it signed very shortly. Of course, where there are large-scale redundancies in any area, there are other mechanisms by which we can provide support.

[Jack Lopresti (Filton and Bradley Stoke) (Con)]

21. I congratulate my right hon. Friend on maintaining entrepreneur’s relief. Does he agree that that not only helps to support people starting their own business but sends a strong signal that this Government are on the side of the entrepreneur, the risk taker and social mobility?

[Mr Hammond]

My hon. Friend is absolutely right. As I said in my Budget speech, after considering representations to scrap entrepreneur’s relief, I reached the conclusion that, unless we support entrepreneurs, we will not have a dynamic and vibrant economy that can support our first-class public services. Those two things go hand in hand.