Oral Answers to Questions

Debate between Derek Twigg and Lord Hammond of Runnymede

Tuesday 29th January 2019 Commons Chamber

[Mr Hammond]

The hon. Lady’s statistics are wrong. It is not right to say that every region will be worse off. Every region under every scenario will be better off. The UK economy will continue growing. [Interruption.] The UK economy will continue growing. There is no doubt, as the published cross-Government analysis shows, that leaving with a deal will best protect the UK economy and will be in the interests of all our constituents. I urge the hon. Lady to get behind the deal.

[Derek Twigg (Halton) (Lab)]

Given what the Chancellor has said, why do large numbers of families in my constituency have to go to food banks? Many of them are on universal credit. Working families are having to use food banks in my constituency. What is he doing for them?

[Mr Hammond]

The measures we have taken to increase the national living wage, combined with the increases in the personal tax allowance, mean that a single person on national minimum wage will be £4,500 better off in terms of take-home pay than they would have been in 2010.

Oral Answers to Questions

Debate between Derek Twigg and Lord Hammond of Runnymede

Tuesday 16th January 2018 Commons Chamber

[Mr Hammond]

Income inequality is lower than it was in 2010. In fact, it remains lower than at any point under the last Labour Government. The Gini coefficient, which is an internationally recognised measure of income inequality, is now 3% lower than in 2010. Since my autumn statement in 2016, we have increased the tax contributions of the highest earners while those on the lowest incomes have gained overall.

[Derek Twigg (Halton) (Lab)]

The problem is in constituencies like mine, which is one of the most deprived in the country, where more and more people are having to go to food banks. What is the Chancellor doing, in terms of the economic development of the country, to ensure that we get better-paid jobs, especially in places that are severely deprived such as Halton?

[Mr Hammond]

The hon. Gentleman makes an absolutely correct point. In the long run, higher wages can be delivered only through increased productivity. That means investment in infrastructure, investment in skills and training, and investment in research and development—with both public funding and tax incentives for private funding—and it means ensuring that capital is available for businesses to invest in the equipment that will raise the productivity of their workers. The Government’s ambition is for a high-wage, high-skill economy, and we are investing to deliver that.