Oral Answers to Questions
Debate between Anna Turley and Lord Hammond of Runnymede(5 years, 6 months ago)
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Mr Philip Hammond
We know that the cumulative burden of the commitments made by the Opposition Front Bench would reach almost £1 trillion over a Parliament, and I have heard—[Interruption.] If the shadow Chancellor has a number, no doubt we will hear about it in a moment; I have heard him say that it does not matter because these companies are profitable, so the profits will pay the additional interest costs. But let me tell my hon. Friend the Member for Sleaford and North Hykeham (Dr Johnson) something: I remember the last time we had widespread nationalisation in this country and—do you know what?—none of the companies the Government owned was profitable. Funny that, isn’t it?
Anna Turley (Redcar) (Lab/Co-op)
Oral Answers to Questions
Debate between Anna Turley and Lord Hammond of Runnymede(5 years, 9 months ago)
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Anna Turley (Redcar) (Lab/Co-op)
Sirius Minerals already employs more than 800 people in North Yorkshire and Teesside in the world’s largest polyhalite mine, but to bring 50 years of growth and job opportunities to our region, it needs a Treasury guarantee on its funding. Will the Chancellor make that guarantee available today and unleash a whole new era of jobs and opportunities in my area?
Mr Philip Hammond
I am familiar with the project in question and a discussion is going on between the company and the Treasury. Those discussions are of course commercially sensitive and confidential, so I cannot discuss them, but the conversation is ongoing.