(4 weeks ago)
Commons ChamberI point the right hon. Member to the Chancellor’s Mansion House speech, which set out in detail this Government’s approach to financial services. They are an important enabler for the UK and a particular strength globally, as I know he knows very well. On his particular question, I will need to write to him with the answer, but he can see that this Government are taking action to unlock investment in the UK economy. As has been reported, the Prime Minister and the Chancellor have been meeting regulators to make sure that they are geared for growth as well as for protecting consumers.
I also welcome the Chief Secretary’s statement and the Chancellor’s announcement about the many excellent transport schemes that this country so badly needs. The Transport Committee will look at these proposals, starting with the new proposal for runway 3 at Heathrow. He links that proposal to UK-wide growth, but did the Treasury consider the Department for Transport’s 2020 figures predicting that between 2010 and 2050 there would be a 24% cut in flights between regional airports in the UK and Heathrow because of the way the market for slots at Heathrow operates, regardless of what regional airports might want?
I thank my hon. Friend the Chair of the Transport Committee for her question. I think it alludes to the fact that this is the announcement not just of a runway, but of a project which we must make sure is optimised for delivering growth for the whole of the United Kingdom, as I made clear in my statement. That means that we need to work with regional airports and look at how the slots are allocated at Heathrow, to make sure that Heathrow’s business model optimises opportunities for regional airports and the whole of the United Kingdom. That is a commitment that the Government have made very clear today.
(5 months, 3 weeks ago)
Commons ChamberThe Government are reviewing the new hospitals programme as part of our spending review. We will undertake a full and comprehensive review while continuing to deliver the most advanced and most urgent hospitals in a realistic timeframe.