Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Robert Courts Excerpts
Tuesday 22nd May 2018

(6 years, 6 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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We have a globally competitive offer for businesses seeking to locate in the United Kingdom, and, of course, Northern Ireland will have corporation tax flexibilities of its own in due course. However, we seek to make all parts of the UK attractive to foreign direct investment, and Northern Ireland has done extremely well from that.

Robert Courts Portrait Robert Courts (Witney) (Con)
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Will the Government please explain what is being done to help firms in places such as west Oxfordshire to harness 5G and broadband, making them more competitive, making them raise more money, and creating the capital that will enable us to fund the public services that the Labour party wants to overthrow?

Lord Hammond of Runnymede Portrait Mr Hammond
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This is partly about public investment and partly about private investment to encourage the roll-out of full-fibre broadband technologies and give companies access to the funds that they need to make investments and take advantage of the public infrastructure. We will make further announcements about our forward broadband strategy during the summer.