Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Oliver Dowden Excerpts
Tuesday 28th February 2017

(7 years, 2 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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As we have made clear, the arrangements we have with the European Union, and with any of the organisations and funds the EU operates, remain to be discussed during the negotiation phase. If the hon. Gentleman is right and we end up not participating in such arrangements in the future, we will clearly have to make separate similar arrangements on a UK-only basis—or, indeed, on an individual nation within the UK basis.

Oliver Dowden Portrait Oliver Dowden (Hertsmere) (Con)
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14. Does the Chancellor agree that alongside large-scale investment in infrastructure, such as the Thameslink upgrade, relatively small amounts of money on local roads and station facilities can rapidly improve journey times and therefore boost productivity?

Lord Hammond of Runnymede Portrait Mr Hammond
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I absolutely agree with my hon. Friend. It is often the smaller local projects that deliver the greatest benefit. They do not have the same kind of grandstanding possibilities around them and therefore are not always quite as favoured, but they are often the most effective way of intervening. They have another benefit: they can often be delivered very quickly by local levels of government, rather than having to go through many years of planning.