Albert Owen
Main Page: Albert Owen (Labour - Ynys Môn)Department Debates - View all Albert Owen's debates with the HM Treasury
(5 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hammond
We absolutely look forward to being able to make progress on the Moray growth deal, and I am very happy to meet my hon. Friend. I know that the Exchequer Secretary, who is dealing with this matter, would also be pleased to meet him.
Albert Owen (Ynys Môn) (Lab)
The Government acknowledge that they want to spread wealth and economic growth across the United Kingdom through their industrial strategy. Does the Chancellor of the Exchequer therefore agree with the Welsh Affairs Committee, chaired by the hon. Member for Monmouth (David T. C. Davies), that the money from the cancelled rail electrification between Cardiff and Swansea should be spent in Wales, so that we can have that shared prosperity?
Mr Hammond
As the hon. Gentleman knows, I firmly believe that the service that will be provided on the route from London to Swansea will deliver exactly what passengers have bargained to get, without the need for the disruption and cost of overhead electrification. We will look at the funding needs of all parts of the United Kingdom appropriately, to support economic growth and to reduce regional disparities.