Oral Answers to Questions

Ranil Jayawardena Excerpts

Tuesday 16th June 2015 Commons Chamber

[Craig Mackinlay (South Thanet) (Con)]

5. What recent progress he has made in reducing the deficit.

[Mr Ranil Jayawardena (North East Hampshire) (Con)]

10. What recent progress he has made in reducing the deficit.

[The Chief Secretary to the Treasury (Greg Hands)]

Thanks to our long-term economic plan, the deficit has more than halved as a share of GDP from its post-war peak of 10.2% in 2009-10 to 4.8% by the end of last year, but the job of fixing the public finances is not yet complete.

[Greg Hands]

I congratulate my hon. Friend on his stellar victory in demolishing both the UK Independence party and Labour. I made a number of visits to his constituency, and I can say that he is truly one of the party’s finest campaigners. The Government remain committed to improving value for money in public procurement, building on the significant progress made in the previous Parliament. The Minister for the Cabinet Office and Paymaster General and I meet regularly to discuss this, continuing the excellent work of Francis Maude.

[Mr Jayawardena]

Despite being left a note by one of his predecessors saying that there was no money, will my right hon. Friend confirm that he will continue to focus on cutting taxes for low and middle-income earners in North East Hampshire while working to eliminate the deficit, so that my constituents pay less tax and less debt interest in the future?

[Greg Hands]

I congratulate my hon. Friend on taking his seat and on his fine maiden speech last week. He told us then:

“Our best days lie ahead.”—[Official Report, 3 June 2015; Vol. 596, c. 646.]

He is right, but only if we continue to get our deficit, and therefore our debts, under control. Thanks to the plans we have set out, we are set to eliminate the deficit altogether and deliver the tax cuts outlined in our manifesto. We are doing it with the strong endorsement last month of the British people.