John Bercow
Main Page: John Bercow (Speaker - Buckingham)Department Debates - View all John Bercow's debates with the HM Treasury
(6 years, 7 months ago)
Commons ChamberSurprise, surprise: we have not heard Labour acknowledge the excellent news from the Resolution Foundation that we now have the lowest share of low-paid employees for 35 years—before the Labour Government were in power. Under Labour, we saw rising unemployment and more people left on the scrapheap. We saw a welfare system that did not support people into work.
Order. We need to make faster progress. If people could keep their questions brief, and if answers could focus, as constitutionally they must, on the policies of the Government, that would be the proper procedure in the House. The right hon. Lady is very experienced and I know she knows that extremely well.
We have learned from the experience of PFI; this Government—[Interruption.]
Thank you, Mr Speaker.
This Government have not. In the light of last week’s report on Carillion, we want to know whether the Minister can indicate which PFI contracts are being delivered by contractors that are deemed to be actually or potentially high risk. Following last week’s reports that failed bidders for PFI contracts will be compensated, can he rule out bailing out firms that fail even to win contracts? We need answers on these questions now, not a history lesson.
Order. The hon. Member for Shrewsbury and Atcham (Daniel Kawczynski) has question 21, which is not altogether dissimilar from the one with which we are dealing, but which will probably not be reached. If he wants to come in now, he can. If he does not, he need not do so. But he does, so he will.
Precisely, Mr Speaker. It is the economic growth generation potential of housing development that we will take into account when evaluating transport proposals. In relation to the specific project to which my hon. Friend refers, the Exchequer Secretary advises me that the Department for Transport is eagerly awaiting a business plan for the project from the relevant local authority.
Colleagues can help each other by being very brief, which I am sure they will be.
With child poverty set to increase by another 1.5 million by 2022, according to the Economic Council for Equality, what will the Treasury be doing to help the very poorest households?
The people of Bloxwich will soon be hearing more about blockchain. Will the Chancellor confirm that the Government will continue to invest in this innovative technology to keep the public’s data safe?
The Government are committed to exploring all technologies that will keep data safe and create opportunities for innovation. Blockchain is one such technology, but the Government will also be examining other even more innovative distributive ledger technologies.
I look forward to learning more about blockchain. I am uninitiated on the matter, as the hon. Member for Walsall North (Eddie Hughes) can tell, but I feel sure that he will put me in the picture erelong.
The Governor of the Bank of England has stated that economic uncertainty caused by the Brexit vote will knock 5% off wage growth and is costing the UK economy £10 billion a year. Does the Chancellor agree with the Governor?
The hon. Member for Lichfield (Michael Fabricant) need not worry; I am perfectly clear that he wishes to give us his thoughts. I am saving him up. It would be a pity to squander him at too early a stage of our proceedings.
Today’s figures from the Office for National Statistics reveal that we are at the lowest level of public borrowing since 2006. Will the Chief Secretary to the Treasury set out what that will mean for future investment in public services, as opposed to maxing out paying off the nation’s credit card?