(7 years, 10 months ago)
Commons ChamberThe right hon. Member for Doncaster North (Edward Miliband) speaks, as he always does, with passion for an international Britain and for European solutions to the many problems we face.
Democracy is easy to defend when we agree with the majority. In many other political systems, such as dictatorships, people can get their way, but democracy has the added advantage of legitimacy and popular consent. Democracy is much more difficult when we disagree with the majority. As people know, I argued passionately in the referendum that leaving the European Union would weaken Britain’s trade and commercial links, would diminish Britain on the world stage, would make international approaches to things such as climate change and atomic research more difficult and would weaken a multilateral institution—the European Union—that has been vital to our collective security for many decades.
I made those arguments, and it saddens me that Britain and Brexit are bracketed in the same group as other isolationist and nativist movements across the world. We should strive to be, as the Prime Minister says, a more global Britain. But I lost the case. I made it with passion, and I sacrificed my position in government for it.
Will the right hon. Gentleman give way?
I will make some progress before taking interventions.
We have to accept that, in a democracy, the majority has spoken. Although I am a passionate believer in an open, internationalist, free-trading Britain, I am also a passionate believer in Britain as a democracy. It is unfashionable in schools these days to teach what I believe to be a true tale of our nation’s history, which stretches from Magna Carta to the Glorious Revolution, the founding fathers of the American constitution, the Great Reform Act, female emancipation and the like, but we have given the modern world a version of democracy that has spread far beyond our shores.
Therefore, to vote against the majority verdict of the largest democratic exercise in British history would risk putting Parliament against people, provoking a deep constitutional crisis in our country and alienating people who already feel alienated. I am not prepared to do that, so I will be voting for the Bill tonight.
(8 years, 9 months ago)
Commons ChamberAbsolutely. We will give careful consideration—as I always do—to the proposals that my hon. Friend comes forward with to support North Lincolnshire and his own constituency. We have been able to make investments in new roads, reduce the tolls on the Humber bridge, and introduce enterprise zones. I would love to hear of any new ideas that he has.
Happy St David’s day to you, Mr Speaker.
The Chancellor often talks about repairing the roof when the sun is shining. Norway, a country the size of Scotland, managed to amass £810 billion in an oil fund when the sun shone. Just how much have the broad shoulders of the UK saved for a moment such as this to help north-east Scotland? Is the figure indeed zero?
We are providing support to Scotland, and that support is entrenched in the fiscal framework that we have agreed with the Scottish Government. The hon. Gentleman cannot duck his responsibilities. He wanted Scotland to be independent on 24 March—this month. If we had gone ahead with that—if the Scottish people had voted for it—there would have been a fiscal catastrophe in Scotland, because oil revenues have fallen by more than 90%. We had a question earlier from a Scottish National party Member—[Interruption.]
(9 years ago)
Commons ChamberWe have put a huge amount of investment into Cambridge, including of course the renovation of the famous Cavendish Laboratory, and I congratulate my hon. Friend on the strong start she has made in recent months in championing her constituency. That has been continued today with a big bid for the A10, which I will take a close look at.
The Chancellor promised twice—at the Scottish referendum and in his manifesto—to have carbon capture and storage at Peterhead. Why has he broken that promise?
As I have said, investment in renewables will double over the next five years, and much of that investment will go into Scotland—[Interruption.] Look, the Scottish nationalists have a choice now. They have got some extra money and increased capital spending, and if they want to invest in carbon capture and storage in Scotland they can do so. It is called devolution.
(9 years, 6 months ago)
Commons ChamberIt is fantastic to see my hon. Friend here representing Taunton. She has already made an impact and made sure that the A358 is absolutely in the Government’s road programme. For all that we heard from the shadow Chancellor about investment and the like, the Labour party announced during the general election that it was cancelling the A358, and indeed the A20, which showed that it did not care about the south of England at all, or about investment in the south-west of England. That is pretty astonishing.
The Chancellor will of course be aware that Scotland rejected the cuts agenda—the austerity cult that he is the high priest of—and we now have 56 out of 59 MPs. I see from the front page of today’s Financial Times that the OECD agrees with the SNP on spending and says that his cuts agenda is a danger to the economy of the UK. Will he take some economic lessons from the SNP and perhaps improve the performance of this Government?
If we had listened to the SNP there would be a massive hole in Scotland’s public finances because of the price of oil. We are obviously going to be hearing a lot more from SNP Members in this Parliament because of their numbers. If there are cuts that they oppose, let me point out that the Scottish National party in Holyrood has the power to increase taxes to increase spending. It has the power to increase income tax already and it is getting more powers next year to do so. When it comes to complaints about public expenditure, it is time for the SNP to put up or shut up.
Let me turn to economic security and public spending. Economic security is at the heart of everything. Without economic security, families cannot be supported, people cannot buy homes, businesses dare not invest, and jobs are not created. Without economic security, there are no aspirations, no opportunities, no hopes, and no ambitions. We cannot have economic security in a country that borrows too much and spends too much and does not live within its means. When confronted with the synthetic cries of Labour Members who claim to be standing up for the poorest in our country, let us also recognise this: the people who suffer most when Britain cannot pay its way, spends more than it can afford and sees security give way to instability are not the richest in this country but the poorest. When the economy fails, it is the poorest who lose their jobs and see their incomes cut and their dreams shattered. That is what we saw five years ago when there was no money left. For as long as Labour Members fail to understand that, they will remain the anti-worker party.
Economic security is at the heart of everything we offer, and it will be at the centre of the Budget I present to this House on 8 July. The budget deficit is less than half what it was, but at 4.8% it is still one of the highest in the world. Our national debt as a share of national income—
(9 years, 10 months ago)
Commons ChamberMy hon. Friend is absolutely right that we want our rural communities in the north to be part of the powerhouse. It is not just about connecting the cities; it is about ensuring that the rural economy is a vibrant part of the northern economy. Superfast broadband is a key part of that, and, as she well knows, we have made special efforts to develop it in North Yorkshire. Rural transport is also incredibly important, as is supporting agriculture. The investment that we are making in agricultural science will benefit agriculture all over the country, including in her constituency.
The Chancellor will have noticed that, for the first time in a recessionary period, the unemployment figures in Scotland—our northern powerhouse—are consistently better than in the rest of the UK, as the SNP Government, where possible, have followed different economic policies. Is his opposition to proper economic powers for Scotland based on a fear of being further outperformed by the Scottish Government? Is he afraid of the competition from a real northern powerhouse?
I am delighted for Scotland that unemployment has fallen and it is seeing growth. I remember, however, that the SNP predicted that our economic plan would cause unemployment to rise in Scotland and shrink the Scottish economy. That has not been the case because Scotland has been part of a stable United Kingdom that is following a long-term economic plan that is benefiting the entire country.
(9 years, 11 months ago)
Commons ChamberI beg to move,
That the Charter for Budget Responsibility: Autumn Statement 2014 update, which was laid before this House on 15 December 2014, be approved.
The charter sets out the next steps we take to turn Britain around and ensure that the mistakes of the past are not repeated. People will remember the fiscal crisis facing this country five years ago: a deficit that stood at more than 10% of our national income; a Government borrowing £1 in every £4 they spent; a Treasury whose departing Chief Secretary left a note saying simply that there was no money left; a country described by international bond investors as sitting on the financial equivalent of a bed of nitro-glycerine; and a British economy whose ability to pay its way was questioned in the world. That was the appalling inheritance left to us by the last Labour Government.
The Chancellor mentions a British economy with an ability to pay its way. When did the UK last pay its way? When was it last not in deficit?
The last time it was not in deficit was when people followed Tory spending plans: there was a surplus at the end of the 1990s and 2000. That is what we advocate again.
At the moment of maximum danger five years ago, as much of the rest of Europe became engulfed in a sovereign debt crisis, Britain faced a choice: did we have the resolve to cut our spending, cut our deficit and set a course for economic stability, or did our country go on borrowing and spending our way to economic ruin?
(10 years, 1 month ago)
Commons ChamberWe will have developed and costed plans for HS3 from—[Interruption.] There was no proposal for HS3 from the Labour party for 13 years in government and then for four years in opposition. Labour Members are now complaining that I came up with a proposal four months ago. We already have detailed support for that proposal from David Higgins and we are going to have a costed plan for it. There was absolutely no attempt to connect the north of England from east to west under the last Labour Government. It is happening under this Conservative-led Government.
Is not the best way to have a northern economic powerhouse to have full fiscal autonomy for Scotland? After all, the Prime Minister did say that all options for devolution are there and all are possible. Does the Chancellor agree, or is he afraid of the competition from a more socially just Scottish treasury making better policies for the people of Scotland?
We will honour the commitments made during the referendum campaign by all the Unionist parties to devolve further fiscal powers to Scotland. We will honour the commitment we made, and I would ask the Scottish National party to honour the promise it made that this was a referendum which would settle the issue of Scottish independence at least for
“a generation…perhaps for a lifetime”—
I am quoting Alex Salmond. Perhaps the SNP should stop trying to reopen the question that was resolved, and work with us to make sure that Scotland has a great economic future.
(12 years ago)
Commons ChamberMy hon. Friend has been a powerful advocate for a more competitive business tax system in this country, and we have reduced again the headline rate of corporation tax. That makes it even more of an advantage for companies to headquarter and pay their taxes here, and it is part of what we are doing to win the global race. I congratulate him on the advice and support he gives in this area.
It is good to hear a UK Chancellor say that the private finance initiative is discredited—10 to 15 years after the Scottish National party did so. It is good, too, to hear of his belated conversion to some capital expenditure for shovel-ready projects—we wasted a couple of years by not listening to the SNP. We have had lost years of ever-growing debt paying for failure rather than growth, and that is projected to last until 2018. I wonder whether the Chancellor will introduce some competition to his job and perhaps return economic powers to Scotland, so that the Scottish Government can show him how it is done and get us out of the mess a little quicker.
The steps we have taken today, for example, to provide additional capital spending in Scotland, show the strengths of Scotland’s being part of a United Kingdom that is able to borrow money on world markets at exceptionally low rates. The SNP has still not answered the most basic questions about currency, about monetary policy management, and about the cost of debt and the like. Until the SNP can answer those fundamental questions about economic management, I do not think anyone is going to trust it with taking over control of that entire economic management through independence.
(13 years, 5 months ago)
Commons ChamberThat is not something that the Government are proposing today. If we were to propose it, we would of course address the impact of such a decision on the royal finances. I am assuming that even under such arrangements, the Queen would remain the Queen of Scots. I believe that most of us are happy with the current arrangements.
Will the Chancellor give way?
Will the money from the Crown Estate be paid directly to the royal family or will it go to a third party?
(14 years, 6 months ago)
Commons ChamberMy hon. Friend is absolutely right. The former Prime Minister Tony Blair gave away the UK’s budget rebate in return for absolutely nothing. We were promised at the time that it would give us leverage over CAP reform, which never arrived, and I am afraid that that is just one of the many decisions that the previous Government got wrong.
Growth throughout the UK economy has often been geographically uneven. Has the Chancellor considered what help a rural fuel derogation might bring to the highlands and, in particular, the islands of Scotland; and can I volunteer my own constituency, Na h-Eileanan an Iar, for any pilot project?