Autumn Statement

Debate between Jeremy Hunt and Vicky Ford

Wednesday 22nd November 2023 Commons Chamber

[Jeremy Hunt]

What I can confirm is that after today’s measures we will have the lowest income tax burden for someone on average pay in the G7—lower than Japan, America, France, Germany, Italy and Canada.

[Vicky Ford (Chelmsford) (Con)]

Our economy is growing rather than receding due to investment, innovation and millions of hard-working individuals across the country, as well as a Government who have focused on tackling inflation. Does the Chancellor agree that, on this side of the House, we get it that no country can spend its way to prosperity?

[Jeremy Hunt]

My right hon. Friend is absolutely right. High inflation is destabilising for an economy: it stops businesses investing, it stops families spending, and it causes misery to people who see the cost of their weekly shop go through the roof. That is why it has been our No. 1 priority. It would be great if it were Labour’s, too.

Oral Answers to Questions

Debate between Jeremy Hunt and Vicky Ford

Tuesday 5th September 2023 Commons Chamber

[Jeremy Hunt]

No one knows more about regulatory reform than my right hon. Friend, who wrote an excellent booklet on it. We look at that booklet ahead of every fiscal event, be it autumn statement or Budget. I hope that she noticed in the Budget big reforms to our medicines regulation. We will continue to learn from the things she advocates.

[Vicky Ford (Chelmsford) (Con)]

For generations, Britain’s world leadership on financial services and financial markets has been a key part of our economy. I agree that the post-Brexit initiatives such as the Edinburgh review have made excellent strides on making sure that we keep that world leadership. May I encourage my right hon. Friend to look at the report from UK Finance on the tokenisation of markets, as being the world leader in that innovative area would reduce costs for investors, enable money to flow into less liquid assets and fundamentally unlock future growth?

[Jeremy Hunt]

I thank my right hon. Friend for her question. Thanks to the excellent work of the Economic Secretary to the Treasury, we have repealed 100 EU rules and regulations in the financial services sector, and we will look very closely at the opportunities when it comes to tokenisation.

Oral Answers to Questions

Debate between Jeremy Hunt and Vicky Ford

Tuesday 30th November 2021 Commons Chamber

[Vicky Ford]

The hon. Gentleman raises a number of points; I thank him for continuing to look at this serious situation. It is really important that we keep spreading the message that British nationals, whatever their circumstances, should leave Ethiopia now while the airport remains available and there are flights. We have asked all sides not to use inflammatory language; it is making the situation even more dangerous, and the impact on civilians is very severe.

We have provided humanitarian aid of up to £76.7 million in badly needed support for people in north Ethiopia, which makes us the second largest donor to the humanitarian response. That support has gone into Tigray, Afar, Amhara and eastern Sudan; it includes critical food aid, safe drinking water, medical care and support for women who have been victims of sexual violence.

[Jeremy Hunt (South West Surrey) (Con)]

May I congratulate the Minister on the excellent job that she is doing of standing in for the Foreign Secretary?

A genocide is happening in Tigray. What work is the Minister doing with our partners in the United States, the EU and other western countries to send a message to Prime Minister Abiy that no international aid can be channelled through the Ethiopian Government until the genocide stops? Why does he still have that Nobel peace prize? Is it not high time that he was stripped of it?