Oral Answers to Questions

Debate between Dan Poulter and Lord Hammond of Runnymede

Tuesday 18th April 2017 Commons Chamber

[Dr Daniel Poulter (Central Suffolk and North Ipswich) (Con)]

T1. If he will make a statement on his departmental responsibilities.

[The Chancellor of the Exchequer (Mr Philip Hammond)]

My priority is to ensure that the economy remains stable and resilient as we conduct our negotiations with the European Union. That means building upon this Government’s achievements in reducing the deficit by two thirds and getting unemployment down to the lowest rate since the 1970s, while tackling the long-term challenges of productivity enhancement and making steady progress towards our goal of a balanced budget. I am pleased to be able to tell the House that in the past few minutes the International Monetary Fund has upgraded its UK growth forecast for 2017 by 0.5%, to 2%.

[Dr Poulter]

Farms and other agricultural businesses are often deterred from making investments in new buildings and infrastructure because of a complex system of capital allowances, including agricultural buildings relief. Will my right hon. Friend examine this issue, particularly in respect of giving the agricultural sector a boost in the wake of Brexit?

Oral Answers to Questions

Debate between Dan Poulter and Lord Hammond of Runnymede

Thursday 22nd July 2010 Commons Chamber

[The Secretary of State for Transport (Mr Philip Hammond)]

Since I last answered departmental questions, we have announced a new framework for the economic regulation of airports; our south-east airports taskforce has commenced work; we have announced the sale of High Speed 1; and we have launched a £15 million fund to incentivise the purchase of low-carbon buses. I have also prepared and submitted a spending review bid to the Treasury.

[Dr Poulter]

I thank the Minister of State for her earlier answer in reply to my hon. Friend the Member for Waveney (Peter Aldous) in respect of recognising the importance of the East Suffolk line to the future prosperity of central and eastern Suffolk. Part of improving the infrastructure is a vital stretch of track called the Beccles loop, which would enable a future franchisee to run a full London to Lowestoft service. May we count on the Secretary of State’s support in pursuing the funding for that vital stretch of track?

[Mr Hammond]

Any future proposals for rail enhancements will be considered in the usual way in setting the output requirements for control period 5, which will define Network Rail’s investment programme from 2014 onwards.