Oral Answers to Questions
Debate between Lord Hammond of Runnymede and Jonathan Edwards(7 years, 4 months ago)
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Mr Hammond
I will take that as a Budget representation, and yes I do agree with my hon. Friend. We set out in the autumn statement how we would increase investment in infrastructure. That is one of the challenges we face in raising this country’s productivity. Skills is another.
Jonathan Edwards (Carmarthen East and Dinefwr) (PC)
The Swansea Bay city region deal has the potential to boost infrastructure development in the west of my country. The board’s proposals, which have been presented to the Treasury, have the support of the relevant local authorities and universities and of the Welsh Government. When can we expect the Treasury’s response to them?
Mr Hammond
This discussion is still ongoing. I hope we may bring it to a conclusion within, let’s say, the next eight days.
Autumn Statement
Debate between Lord Hammond of Runnymede and Jonathan Edwards(7 years, 7 months ago)
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Jonathan Edwards (Carmarthen East and Dinefwr) (PC)
The Chancellor quite rightly noted at the beginning of his statement that one of the big challenges that he faces is the gross wealth inequality in the British state—a task that will be made harder with the loss of EU structural funds—so is it his intention in future statements to announce a UK convergence fund to replace the lost EU regional money?
Mr Hammond
I recognise the hon. Gentleman’s concern. He will know that I have made two statements since becoming Chancellor seeking to reassure businesses, universities and others who apply for EU grant funding that, where they are successful in such applications, however long the funding runs on, we will underwrite it, so if Brussels does not foot the bill, the Treasury will. But he is absolutely right: we will have to put in place alternative arrangements for the period after we leave the EU. We will have to have a discussion with the devolved Administrations about how that works—between Whitehall and the devolved administrations—and once we get into the negotiation with the EU, we can start to see the direction of travel. I think that it will then be appropriate to have this discussion, but I do recognise the concern.
Iran: Nuclear Deal
Debate between Lord Hammond of Runnymede and Jonathan Edwards(9 years ago)
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Mr Hammond
I and my hon. Friends will be talking to our colleagues across the Gulf, and the Prime Minister is also intending to engage with some of his interlocutors. I was very pleased that the UAE issued a statement welcoming the deal, indicating that it intends to engage positively with the opportunities that now arise. That is hugely important. The UAE is an influential state in the Gulf, and its commitment to making this agreement work and changing the dynamic in the region is hugely significant.
Jonathan Edwards (Carmarthen East and Dinefwr) (PC)
The Secretary of State said the deal would help the alignment of western and Iranian foreign policy in the middle east. What does he think the implications of this deal will be for western foreign policy in respect of the conflict in Syria?
Mr Hammond
I did not say that; what I said was that we are aligned in our view of ISIL as an existential challenge that needs to be dealt with. We do not agree on everything and we will not agree on everything, but where we do agree we can work together, and that is the important thing.