(14 years, 6 months ago)
Commons ChamberMr Speaker, you are absolutely right.
I make this point to the hon. Member for Swansea West (Geraint Davies). The serious observation that he makes about investment in productive economic assets is one that is reflected in the document that the Treasury produced this afternoon.
A Select Committee in the other place found that reform of the Barnett formula could lead to a reduction in the budget deficit. In terms of the imperative of achieving that, will not the Treasury team look once again at that Select Committee report?
I am happy to look at the report, but as I said in answer to earlier questions, we made it clear in the coalition programme for government that, although we recognise those concerns, the priority must be to address the budget deficit, and that is what we are going to do.
(14 years, 6 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
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Both those issues are for the Secretary of State for Transport rather than for me. I suggest that if the hon. Lady is concerned about them, she should arrange to meet one of the Ministers in the Department for Transport, who, I am sure, will be delighted to receive her representations.
On 26 November 2009, the then Secretary of State for Wales made a commitment, which was supported by the current Secretary of State for Wales, that the Government will take action if Wales is adversely affected by the outdated Barnett formula. Will the Chief Secretary and the Government make a similar commitment, particularly as regards Barnett consequentials resulting from Government spending reductions?