Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

John Bercow Excerpts
Tuesday 18th April 2017

(7 years, 7 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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I am sure you are delighted, Mr Speaker, that my hon. Friend has lighted on the key role of Buckinghamshire as a bridge between the north, the south, the east, the west and every other part of the country. I should be happy to receive, and I confidently predict that I will receive, my hon. Friend’s detailed submission on the case for greater infrastructure investment in Buckinghamshire.

John Bercow Portrait Mr Speaker
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Be careful what you wish for, sir.

Steven Paterson Portrait Steven Paterson (Stirling) (SNP)
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25. According to the findings of independent analysis, a hard Tory Brexit could cost Scotland 80,000 jobs over 10 years and a 5% drop in GDP. Why have the UK Government failed to produce a comprehensive impact assessment of the effect of a hard Tory Brexit on our economy? Is it the case that, for some reason, now is not the time?

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John Bercow Portrait Mr Speaker
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I call Toby Perkins.

Toby Perkins Portrait Toby Perkins (Chesterfield) (Lab)
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Lucky No. 7, Mr Speaker.

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Toby Perkins Portrait Toby Perkins
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Throughout the last seven years, the needs of the British people have had to play second fiddle to the needs of the Conservative party. As a result, the Chancellor has been forced to disown the manifesto commitment to balance the Budget in this Parliament. Is it not the truth that today’s announcement about a general election is another example of this Government putting their party’s interest ahead of the country’s interests at a time when there is a desperate need for stability in this country?

John Bercow Portrait Mr Speaker
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The question is about the departure from the EU and the effect thereof on the public finances.

Lord Hammond of Runnymede Portrait Mr Hammond
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In terms of the effect on the public finances, the decision that the Prime Minister made today is very much in the national interest, to strengthen her hand as she goes into the negotiation with the European Union, to provide a clear mandate for the type of exit that she set out in the letter she wrote to President Tusk two and a half weeks ago, and to ensure that the UK can negotiate its exit from the European Union, execute that exit, and then transition to the new arrangements with a clear run before the next general election.

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Jane Ellison Portrait Jane Ellison
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We look to support the tourism sector in a whole range of ways, and the sector is doing very well. We have seen great increases in the number of tourists, and my hon. Friend is a great advocate for his region. Tourism is one of the highest performing sectors in the economy. For example, the UK has one of the highest VAT registration thresholds in the EU— [Interruption.] The highest. That helps many small businesses that are providing goods and services to tourists without charging VAT at all.

John Bercow Portrait Mr Speaker
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We can now hear about tourism in South Down as well. I call Ms Margaret Ritchie.

Baroness Ritchie of Downpatrick Portrait Ms Margaret Ritchie (South Down) (SDLP)
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With particular reference to that, does the Minister recognise the additional disadvantage faced by the tourism industry in Northern Ireland, particularly in border constituencies such as mine, given that the VAT rate on tourism in the Republic of Ireland sits at 9% and ours sits at 20%?

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None Portrait Several hon. Members rose—
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John Bercow Portrait Mr Speaker
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There can be a link between productivity and recent trends in the level of employment, so if the hon. Member for Northampton South (David Mackintosh) wishes to come in on Question 17, he is welcome so to do.

David Mackintosh Portrait David Mackintosh (Northampton South) (Con)
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18. Thank you, Mr Speaker. What assessment has the Minister made of current employment in Northampton?

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None Portrait Several hon. Members rose—
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John Bercow Portrait Mr Speaker
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Brevity, please, because I am keen to get through as many colleagues as possible.