(8 years, 3 months ago)
Commons ChamberIt is worth pointing out that in the terms of reference for the National Infrastructure Commission’s report the Government noted that the area contained four of the UK’s fastest growing and most productive places—Oxford, Cambridge, Milton Keynes and Northampton. We agree with the commission that transport investment is key to maximising growth potential in the area. We will invest in the east-west rail line and the expressway, which will better connect parts of the region with one another and with the rest of the country, supporting growth and jobs. The commission will issue its final report later this year, including work on delivery options for housing and transport, and we will carefully consider those recommendations.
(8 years, 9 months ago)
Commons ChamberThe Chancellor has made it clear that he will look at all the options when it comes to the autumn statement. It is the case that we have legislated to move to 17%, and it continues to be the case that we want to send out a signal that the UK is open for business and that we will still have a competitive tax system. My hon. Friend the Member for Horsham (Jeremy Quin) has already raised that important point. The precise policies we will follow at the autumn statement are a matter for the Chancellor to announce then, but Government Members are united in our belief that the steps we have taken on corporation tax have made us much better prepared for the uncertainties of the future.
I welcome the right hon. Gentleman to his position. I also welcome the Financial Secretary to her position, and I believe that the Exchequer’s gain is the Department of Health’s loss. The Chief Secretary talks about this country being the place to do business. He heard me talk about carbon capture and storage in an earlier intervention. Will the Government now commit to doing more to help energy-intensive industries—with energy costs, but also by dealing with some of the carbon taxes they face—and commit to greater support for carbon capture and storage?
I entirely agree, in relation to my hon. Friend the Financial Secretary, that the Treasury’s gain is the Department of Health’s loss. I will not pre-empt any autumn statement announcements on energy-intensive industries or any other area. I would point to the steps we have taken as a Government to help energy-intensive industries. We have responded to the points made to us by that sector with support for energy costs and so on. No doubt, the hon. Gentleman will continue to make his case on behalf of those industries.