Autumn Statement
Debate between Jeremy Hunt and Stephen Farry(5 months, 2 weeks ago)
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Jeremy Hunt
The hon. Gentleman is omitting the fact that in the autumn statement a year ago, when I was having to make big cuts in public spending going forward, I found an increase of £4.7 billion from next year for adult social care, which will make an enormous difference to every council in the country.
Stephen Farry (North Down) (Alliance)
Further to the Chancellor’s answer on Northern Ireland and Barnett consequentials, he will be aware that Northern Ireland is facing an unprecedented budget crisis. Will he therefore confirm that he is open to discussions on a fiscal floor and an invest-to-save transformation package for any potential restored power sharing Executive?
Jeremy Hunt
The UK Government will continue to do everything we can to support the restoration of power sharing in the Province. All I will say is that the Treasury is actively involved in all those discussions.
Economic Update
Debate between Jeremy Hunt and Stephen Farry(1 year, 6 months ago)
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Jeremy Hunt
My hon. Friend has actually answered the previous question much better than I did—the answer is yes.
Stephen Farry (North Down) (Alliance)
It is right that the Chancellor is seeking to reassure the markets, but will he take the opportunity today also to reassure the millions of people who rely on benefits, both those who are in work and those who are out of work? The UK has some of the lowest benefits in Europe. There are people on benefits with no plan B and no savings, and huge anxiety at present, given the current situation. So will he pledge that benefits will increase in line with existing Government policy—in line with the consumer prices index? Will he also reverse what the previous Chancellor said in his mini-Budget about the more punitive approach to be taken against those on benefits?
Jeremy Hunt
What I will say to the hon. Gentleman is straightforward. It is because I want us to be able to support the poorest, the most vulnerable and those in the greatest difficulties in society that the most important thing I can do right now as Chancellor is what I can to create economic stability, and that is what I am doing.