Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Imran Hussain Excerpts
Tuesday 9th April 2019

(5 years, 8 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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We know that manufacturing companies have been building precautionary buffer stocks of imported components to give them resilience against any disruption at our ports in the event of a no-deal Brexit—this tends to be larger companies. However, it is also the case, as my hon. Friend knows very well from his work as a Minister, that despite the Government’s attempts to engage with business, there are still far too many businesses who have adopted the famous approach of the ostrich in the sand in relation to this eventuality and are not taking precautionary actions to prepare for the possibility of a no-deal exit.

Imran Hussain Portrait Imran Hussain (Bradford East) (Lab)
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T2. In keeping with the non-angry Yorkshire approach, as set out by my hon. Friend the Member for Huddersfield (Mr Sheerman), if, indeed, this Chancellor is thoughtful, he will know that, according to research by the Centre For Towns, Yorkshire’s growing digital sector is being stifled by patchy broadband connectivity across the region, which is costing us money and jobs. Roles continue to flow down south and into London. With the roll-out of the next generation of 5G internet technology, will the Chancellor, in his thoughtfulness, commit to making funding available for the accelerated adoption of this in the Yorkshire region?

Lord Hammond of Runnymede Portrait Mr Hammond
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Rolling out full fibre is essential to Britain’s digital future. That will be done largely by the private sector. The public sector’s role will be to provide the appropriate support in areas where full fibre roll-out is not commercially viable, but supporting the urban centres in all our conurbations, including in Yorkshire, will be an early priority for the broadband roll-out programme. I should say to the hon. Gentleman—I hope this will cheer him up—that I recently met an Italian digital entrepreneur who has relocated his business from silicon valley to Sheffield and he said it was the best decision that he ever made.