Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Nigel Huddleston Excerpts
Tuesday 5th March 2019

(5 years, 4 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Philip Hammond
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As I have told the House many times—I will elaborate more at the spring statement next week—in what I now think is the unlikely event of a no-deal exit, the Government have both fiscal and monetary tools available to them to support the economy. Of course, the likely shock would be on the supply side of the economy, and we would have to be careful that fiscal interventions did not merely stimulate inflation. If we are to find ourselves in that situation, we have the firepower and the clear intent to intervene to support the economy.

Nigel Huddleston Portrait Nigel Huddleston (Mid Worcestershire) (Con)
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T6. I am sure that all those on the Treasury Bench agree that it is a really important responsibility of the Government to ensure that our children and young people can achieve their full potential. With that in mind, can my right hon. Friend assure me that skills and education funding will receive the priority attention it deserves in the upcoming spending round?

Elizabeth Truss Portrait Elizabeth Truss
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My hon. Friend is right. We also need to ensure that we are spending money on the right things. For example, the changes this Government have made to phonics have seen our children go from some of the poorest readers in Europe to some of the best. It is about money, but it is also about what we do with that money.