All 1 Debates between Derek Thomas and Lord Hammond of Runnymede

Oral Answers to Questions

Debate between Derek Thomas and Lord Hammond of Runnymede
Tuesday 17th January 2017

(7 years, 11 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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The Office for Budget Responsibility set out its projections under different scenarios at the autumn statement. It is the OBR that makes the forecasts. It will, of course, produce a revised set of forecasts that will be published on 8 March—Budget day.

Derek Thomas Portrait Derek Thomas (St Ives) (Con)
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T4. Businesses, including restaurants and guest houses in my constituency, curtail their business to keep within the VAT threshold, but that has a negative impact on economic activity and jobs in west Cornwall and the Isles of Scilly. Will the Chancellor consider increasing the VAT threshold as soon as the opportunity arises?