Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Martin Vickers Excerpts
Tuesday 2nd July 2019

(4 years, 9 months ago)

Commons Chamber
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Robert Jenrick Portrait Robert Jenrick
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I agree with the hon. Gentleman, and that is why we have given funding to Transport for the North to prepare a properly thought-through business case. We of course have decisions to make in the spending review about which of those projects should be taken forward and which provide good value for money. In the hon. Gentleman’s own city and city region of Sheffield, we have of course given money through the transforming cities fund to improve inter-city connectivity for his constituents.

Martin Vickers Portrait Martin Vickers (Cleethorpes) (Con)
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My constituency and the wider Humber region would greatly benefit if there were improved rail-freight connections east-west. What plans does the Minister have to fund those?

Robert Jenrick Portrait Robert Jenrick
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We have received representations from the midlands engine, and from Midlands Connect in relation to transport, about both road and rail east-west connectivity. We are considering them carefully, and they will form part of the spending review.

--- Later in debate ---
Lord Hammond of Runnymede Portrait Mr Philip Hammond
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At this stage of my career, I will not speculate on my future actions. What I will say is that the Government’s analysis shows that a no-deal exit would mean that all the regions, nations and sectors of the UK economy have lower economic output compared with today’s arrangements and compared with the White Paper scenario that the Government set out. It is important we all understand that preparing for a no deal, which is a perfectly sensible thing to do because it might happen to us without our volition, is not the same as avoiding the effects of a no deal.

Martin Vickers Portrait Martin Vickers (Cleethorpes) (Con)
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Net zero emissions by 2050 is a desirable but very costly policy. Does the Chancellor agree that we must do everything to protect low-income families in my Cleethorpes constituency and elsewhere from bearing an unfair burden?

Lord Hammond of Runnymede Portrait Mr Hammond
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Yes. This is a huge commitment, but it is the right commitment to make. The Committee on Climate Change recommended that the Treasury should undertake a review of the funding and financing mechanisms to ensure that this huge undertaking can be funded, and that it will be funded in a way that is fair to families, households and businesses across the UK, which is exactly what we will do.