Gerald Jones
Main Page: Gerald Jones (Labour - Merthyr Tydfil and Aberdare)Department Debates - View all Gerald Jones's debates with the HM Treasury
(5 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hammond
I am not sure I entirely understand the question, but clearly corporation tax receipts have gone up as a result of reducing corporation tax rates, making the UK one of the most attractive places for businesses to establish and invest. As I have acknowledged, business investment is depressed by Brexit uncertainty. The sooner we can end it, the sooner we can get back to business.
Gerald Jones (Merthyr Tydfil and Rhymney) (Lab)
The Chancellor will be aware that the budget for the Welsh Government has been reduced by some £4 billion since 2010 because of his austerity. There is a massive impact on local councils and public services. Jobs and frontline services are all that is left to cut, so will the Chancellor end that austerity and apologise for the pain he has caused public services?
Mr Hammond
I have announced a trajectory for the growth of public spending in the next spending review period—there will be at least a 1.2% per annum real-terms growth, which will have positive consequences for Welsh Government spending.