Budget Resolutions

Debate between Lindsay Hoyle and Baroness Morgan of Cotes

Monday 29th October 2018 Commons Chamber

[Mr Deputy Speaker (Sir Lindsay Hoyle)]

Order. Interventions are meant to be short. I think the hon. Lady has got her message across.

[Nicky Morgan]

Thank you, Mr Deputy Speaker. I heard the Chancellor mention climate change. The hon. Lady will have her own opportunity to speak later on in this debate.

It is time to look at the next iteration of the Government’s plan to ensure that public services have the funding they need while keeping borrowing and debt under control. The Chancellor made a welcome start on that plan today by setting out how the boost to NHS spending will be funded and indicating the overall envelope for the forthcoming spending review. The Treasury Committee will of course take a close look at the detail of the plan. I particularly welcome the NHS spending on mental health. I declare an interest as a trustee of a small mental health charity in my constituency. The fact is that it is this Government who have made a clear commitment to parity of esteem for mental and physical health.

With sustainable public finances comes the resilience to deal with the challenges and risks that may lie ahead. Brexit is of course the greatest and most imminent source of uncertainty looming over the Budget. It is just stating the obvious to say that the nature of the United Kingdom’s withdrawal from the EU could up-end the economic forecast on which the Budget is based. The Office for Budget Responsibility is still playing its cards close to its chest. It is still forecasting a relatively benign Brexit with a smooth transition that has no implications for productivity. I am sure that is what we all hope for. However, its forecast of continued reductions in public borrowing depend on those benign assumptions becoming a reality. None the less, the OBR has begun to make some of its thinking about Brexit clearer. Its view of the implications of a no-deal Brexit has become very clear indeed. The nearest precedent the OBR could think of was the three-day week, which it says knocked 3% off our economy that quarter. But even assuming a smooth transition, the OBR also says that increased trade barriers with the EU, not just tariffs, will likely leave our economy smaller and reduce long-run productivity growth.

Budget Resolutions

Debate between Lindsay Hoyle and Baroness Morgan of Cotes

Wednesday 22nd November 2017 Commons Chamber

[Mr Deputy Speaker (Mr Lindsay Hoyle)]

Order. May I just say, because the hon. Gentleman will want to make a separate speech, that if Members make interventions, they should please make them short?

[Nicky Morgan]

It is also a pleasure to serve with the hon. Gentleman on the Treasury Committee. I am sure that the Chancellor will have has heard what he said. I am also sure that the Chancellor is looking forward to appearing in front of the Committee on 6 December, when we will be able to ask him such questions directly.

Economy and Jobs

Debate between Lindsay Hoyle and Baroness Morgan of Cotes

Thursday 29th June 2017 Commons Chamber

[Nicky Morgan (Loughborough) (Con)]

It has taken the right hon. Gentleman 33 minutes to get to this country leaving the European Union, which is the defining issue affecting our economy. He talks about divisions. He might want to think about the 100 Members of his own party who have been through the shadow Cabinet during the course of the previous Parliament. He might also want to ask questions about the lamentable performance of his leader, and his Back Benchers might want to ask him questions about his lamentable performance in the EU referendum last year. If they felt that strongly about Brexit, they would have defended our membership of the EU.

[Mr Deputy Speaker (Mr Lindsay Hoyle)]

I hope to call the right hon. Lady very early on and save her speech until then rather than now. That will help everyone.