Oral Answers to Questions

Debate between Elizabeth Truss and Tom Brake

Tuesday 21st May 2019 Commons Chamber

[The Chief Secretary to the Treasury (Elizabeth Truss)]

We have a proud record as a nation, reducing carbon emissions faster than any other G7 country since 2000. We have done that with a combination of spending measures and market mechanisms.

[Tom Brake]

The Liberal Democrats were the first major political party to call for a zero-carbon Britain. We believe that target must be met by 2045. What assessment have the Government made of the climate change mitigation costs that would be incurred by 2045, of the support that would be needed for businesses to help them achieve a zero-carbon Britain by 2045, and of the health and environmental benefits?

[Elizabeth Truss]

We are currently assessing the report of the Climate Change Committee on this subject. No doubt the right hon. Gentleman is a regular reader of the Treasury Green Book on the way we assess investments. Last year, in the new Green Book, we specifically included looking at natural capital as a way of making that assessment. That is one of the lenses through which we shall be looking at the spending review.

Oral Answers to Questions

Debate between Elizabeth Truss and Tom Brake

Tuesday 5th March 2019 Commons Chamber

[Elizabeth Truss]

FE spending is a priority, and we have protected the base rate of funding between 2015 and 2020. I was grateful to receive that letter from colleagues and have organised a meeting on 19 March. I am not sure whether we will be able to fit 164 people in a room, but I hope my hon. Friend will be able to attend.

[Tom Brake (Carshalton and Wallington) (LD)]

T4. Does the Chancellor agree that the £1.6 billion set aside for towns is a pale imitation of the regional growth fund set up under the coalition? Will he look at establishing a Brexit redundancy fund of up to £7.5 billion, to help the 750,000 people who are estimated to lose their jobs in a no-deal scenario?

ONS Decisions: Student Loans

Debate between Elizabeth Truss and Tom Brake

Tuesday 18th December 2018 Commons Chamber

[Elizabeth Truss]

Yes, we are looking at that. We are looking across the board at the value for money of Government investment, which is significant in the education system, but also at the impact on individual students.

[Tom Brake (Carshalton and Wallington) (LD)]

The Chief Secretary to the Treasury has confirmed that this makes no change to the national debt, so can she confirm that the ONS decision will not lead to a new round of spending cuts?

[Elizabeth Truss]

I have been extremely clear that this is fundamentally an accounting decision. It is not about the reality of the fact that Government debt is being brought back over time, one of our key fiscal targets. The amount the ONS is estimating is, in fact, under our other fiscal target for the deficit. We will do the right thing by students in the Augar review.

Oral Answers to Questions

Debate between Elizabeth Truss and Tom Brake

Tuesday 11th December 2018 Commons Chamber

[Elizabeth Truss]

My hon. Friend makes a very good point. I have regular meetings with the Scottish Finance Secretary, and of course the Scottish Government have the opportunity in their budget tomorrow to match the business rate cuts we have made in England.

[Tom Brake (Carshalton and Wallington) (LD)]

T5. I met the travel association ABTA this morning and it had two requests for the Chancellor: first, that he rules out no deal, because implementing no deal preparations potentially puts its smaller members out of business; and secondly, to hear from the Chancellor and Government when the immigration paper will be available, because without it ABTA members can make no business plans.

Exiting the EU: Costs

Debate between Elizabeth Truss and Tom Brake

Wednesday 29th November 2017 Commons Chamber

[Elizabeth Truss]

I fear that my right hon. Friend is over-optimistic if he thinks we can stop Opposition Members from being miserable. We tried that over four days of Budget debate, but we have been unsuccessful so far. He is absolutely right to talk about the benefits of free trade for the British economy—I completely agree with him. We are seeking a good deal that benefits the UK in the long term.

[Tom Brake (Carshalton and Wallington) (LD)]

At least £45 billion, higher inflation and debt, an extra year of cuts, and less influence in the world are the price that the Government are willing to pay for a deluded vision of Great Britain post Brexit. Is there any level of damage that the economy, jobs and families in the UK would have to sustain that would cause the Government to rethink and give the people a vote on the deal? That would be supported by the Liberal Democrats and Sadiq Khan, the London Mayor—and, as I understand it now, the shadow Home Secretary.

[Elizabeth Truss]

I see, regrettably, that the misery has spread to the Liberal Democrats; there seems to be a contagion on the Opposition Benches. I invite the right hon. Gentleman to welcome the fact that this country has the lowest unemployment in 40 years. We also have the third highest number of start-ups in the world—a record number for this country—and the other positive benefits that we are seeing due to the actions of this Conservative Government.