Craig Whittaker
Main Page: Craig Whittaker (Conservative - Calder Valley)Department Debates - View all Craig Whittaker's debates with the HM Treasury
Surplus Target and Corporation Tax
Craig Whittaker Excerpts(8 years, 4 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
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Mr Osborne
The fiscal charter was explicitly designed to ensure that the House of Commons could hold Ministers to account for their fiscal policy, and, indeed, maintain controls on welfare policy. However, it also provided for a specific requirement, in the event of a negative shock, for them to come back to the House of Commons with a new proposal. That, it seems to me, is thinking ahead, and it has been required because of the challenges that we now face in the economy.
Craig Whittaker (Calder Valley) (Con)
Nearly 20% of people in the Calder Valley work in manufacturing, much of which involves high-end niche manufacturers who export. Does my right hon. Friend agree that those businesses need us to negotiate trade agreements not just with the European Union but with the rest of the world, and that it would be wise for us to draw breath before rushing into triggering article 50 for our exit from the EU?
Mr Osborne
The Prime Minister’s position—which I share, and which I think is sensible for the country—is that we should trigger article 50 when we are clear, collectively, about the new model of the relationship that we want with our European allies, so that we are well prepared for the negotiations on which we would then embark.