Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Helen Goodman Excerpts
Tuesday 24th October 2017

(7 years, 1 month ago)

Commons Chamber
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Andrew Jones Portrait Andrew Jones
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The Government are working to continue their progress on the superfast broadband roll-out. We expect to reach 95% by the end of this year. We have already seen some changes from the internal reorganisation within British Telecom, separating out Openreach. The progress will be maintained through Government expenditure in that programme and in the digital infrastructure investment fund.

Helen Goodman Portrait Helen Goodman (Bishop Auckland) (Lab)
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The Office for Budget Responsibility has just reported on the poor productivity record in this country. Investment in broadband is crucial to improving that, so when will the Minister respond to the letter that I wrote to him on 1 September about broadband in Teesdale?

Andrew Jones Portrait Andrew Jones
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I absolutely agree that broadband and digital progress are critical to the productivity of our economy. I am not aware of that letter. I will look into it with immediate effect, and I apologise for the delay.

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John Bercow Portrait Mr Speaker
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We all remember when the hon. Gentleman was a Transport Minister and he enjoyed telling us how he travelled to work by bus; I remember thinking that the fellow passengers on the bus must have been absolutely exhilarated to know that they were accompanied at the time by the Under-Secretary of State for buses.

Helen Goodman Portrait Helen Goodman (Bishop Auckland) (Lab)
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The Chancellor acknowledged earlier that the fall in the exchange rate following the Brexit vote has pushed up inflation. What is the Treasury’s estimate of the impact of that on people’s standard of living?

Lord Hammond of Runnymede Portrait Mr Philip Hammond
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The hon. Lady will be aware of the increase in inflation—CPI inflation stands at 3%. Most forecasts suggest that it might go 0.1% higher before falling steadily from late this year. Obviously any increase in inflation will have a negative impact on real wages, and we very much look forward to CPI inflation falling and real wage growth resuming in this country next year.