Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Stewart Hosie Excerpts
Tuesday 6th November 2018

(6 years, 1 month ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Philip Hammond
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Yes. The Treasury regularly receives independent assessments that tell us that taxes cost us more than they deliver to us, and I can assure my hon. Friend that the Treasury always does its own modelling to reach its decisions.

Stewart Hosie Portrait Stewart Hosie (Dundee East) (SNP)
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The Chancellor is aware of the sad news about the Michelin plant in my constituency; its potential closure in 2020 would mean the loss of 850 jobs. It is early days, but may I ask the Chancellor for a straightforward commitment to work constructively with the Scottish Government and others—who are meeting representatives of the business today—to do whatever he can to preserve quality manufacturing on the site, and to protect and preserve as many jobs as possible?

Lord Hammond of Runnymede Portrait Mr Hammond
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I am grateful to the hon. Gentleman. Of course we will work constructively with the Scottish Government to ensure that we can mitigate in every way possible the impact on the community of these very large numbers of job losses.