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Budget debate on Friday, 23 March 2012, in the House of Commons, led by Justine Greening. The answering member was Lord Walney.

Budget Resolutions and Economic Situation

Budget debate (third day): budget resolutions and economic situation

Secondary information

Type
Parliamentary proceeding
Reference
542 c1045-128 
Session
2010-12
Department
Department for Transport
Chamber / Committee
House of Commons chamber
Proceeding contributions
Justine Greening | 542 c1049-50 (Link to this contribution) The hon. Gentleman will be delighted to know that I will come on to that matter shortly. After all, ...
Speaker | 542 c1058 (Link to this contribution) Order. Colleagues will be conscious of the fact that there is a seven-minute limit on Back-Bench spe...
Show all contributions (183)
Speaker | 542 c1114 (Link to this contribution) Order. We have six speakers left, and I want to bring the Front Benchers in early, so I have to drop...
Speaker | 542 c1110 (Link to this contribution) Before I call the next speaker, I should say that the Front-Bench speeches will start at five past 2...
Justine Greening | 542 c1046 (Link to this contribution) My hon. Friend is absolutely right. Labour Members have learned nothing from the mess they handed ov...
Justine Greening | 542 c1045-6 (Link to this contribution) Many people who see that the hon. Gentleman's party's strategy is to borrow in the middle of a debt ...
Justine Greening | 542 c1048 (Link to this contribution) I am not sure that the hon. Gentleman's intervention made much sense. I agree that infrastructure is...
Owen Smith | 542 c1046 (Link to this contribution) Will the Minister confirm that the Office for Budget Responsibility tells us that next year the volu...
Russell Brown | 542 c1046-7 (Link to this contribution) I am not about to cherry-pick a statistic, but let me give the Secretary of State some facts. I appr...
Matt Hancock | 542 c1047 (Link to this contribution) On the question of investment from overseas, is my right hon. Friend aware that some Labour shadow C...
Justine Greening | 542 c1047 (Link to this contribution) The previous Conservative Government handed over a golden economic legacy. It was the Labour party t...
Lord Walney | 542 c1053 (Link to this contribution) I am not going to give way at the moment because the Secretary of State has taken up the hon. Gentle...
Lord Walney | 542 c1056 (Link to this contribution) Well, you know. [Laughter.] I am here all week. The Chancellor told us on Wednesday that the countr...
Lord Walney | 542 c1055 (Link to this contribution) The hon. Gentleman seems to have more information about how the scheme will work than either me or t...
Lord Walney | 542 c1054 (Link to this contribution) Thank you, Mr Speaker. I shall take that as a lesson. Faced with record and rising fuel prices, the...
Lord Walney | 542 c1056 (Link to this contribution) I will not give way any more because I am running on and I want to give other Members time to speak....
Mark Garnier | 542 c1058 (Link to this contribution) Like all Members, I am frequently visited by members of my community asking for many things that the...
Mark Garnier | 542 c1058-60 (Link to this contribution) That is a slightly wider point, but the fact is that when someone has run out of credit on their cre...
Tobias Ellwood | 542 c1057 (Link to this contribution) Will the hon. Gentleman give way?
Lord Walney | 542 c1057-8 (Link to this contribution) I will not at this stage, if the hon. Gentleman does not mind. My hon. Friend the shadow Secretary ...
Gavin Shuker | 542 c1052 (Link to this contribution) My hon. Friend is extremely well informed on cable-based transportation systems. Are any cable-based...
Justine Greening | 542 c1050-1 (Link to this contribution) The hon. Gentleman will be aware of the work on how we can improve the A14, for example, and some of...
Lord Walney | 542 c1050 (Link to this contribution) Will the Secretary of State spell out what will constitute a capacity improvement that could lead to...
Justine Greening | 542 c1052 (Link to this contribution) The hon. Gentleman said that he supported £6 billion of the £9 billion of spending cuts in the Depar...
Lord Walney | 542 c1052 (Link to this contribution) I will be happy to, within the constraints of time, but I want to try to keep to the same time as th...
Lord Walney | 542 c1053 (Link to this contribution) I will not give way on that point, because I want to make progress. I am afraid that the priorities...
Helen Goodman | 542 c1067 (Link to this contribution) My hon. Friend is absolutely right. Government Members are completely unrealistic about what busines...
Lord Jackson of Peterborough | 542 c1063-4 (Link to this contribution) My hon. Friend makes a very good point, which explains why this Budget has had consensus support and...
Baroness Coffey | 542 c1063 (Link to this contribution) My hon. Friend is making a strong point about deregulation. I would point to paragraph 2.238 of the ...
Helen Goodman | 542 c1066-7 (Link to this contribution) The fact of the matter is that Ministers have overshot on their borrowing. Their borrowing is £147 b...
Helen Goodman | 542 c1066 (Link to this contribution) It is always a pleasure to follow the hon. Member for Peterborough (Mr Jackson), who has a particula...
Lord Harrington of Watford | 542 c1066 (Link to this contribution) The hon. Lady is an expert in Treasury and economic matters, so I was surprised that she stressed th...
Owen Smith | 542 c1065 (Link to this contribution) Does the hon. Gentleman agree, however, that the 4.7 million pensioners who will be impacted by the ...
Lord Jackson of Peterborough | 542 c1065-6 (Link to this contribution) The independent Institute for Fiscal Studies disagrees profoundly with the hon. Gentleman, and belie...
Charlie Elphicke | 542 c1064 (Link to this contribution) My hon. Friend is being far too generous in saying the Opposition are being opportunistic. They are ...
Lord Jackson of Peterborough | 542 c1064 (Link to this contribution) My hon. Friend is absolutely right. The Labour party will not make progress with the electorate unti...
Sheila Gilmore | 542 c1060 (Link to this contribution) The areas in which public sector pay tends to be higher than that in the private sector also have ex...
Susan Elan Jones | 542 c1062 (Link to this contribution) Oh, it looks as though there is going to be an intervention. No? Yes, please. No, okay. [Interruptio...
Lord Jackson of Peterborough | 542 c1063 (Link to this contribution) I believe that this is a courageous Budget. It is innovative and ingenious, notable for the steady s...
Justine Greening | 542 c1046 (Link to this contribution) I will not give way; I am still replying to an intervention. The worst thing that Britain could do r...
Lord Jackson of Peterborough | 542 c1046 (Link to this contribution) On the subject of Labour waste and profligacy, is my right hon. Friend aware that the Institute for ...
Mike Gapes | 542 c1045 (Link to this contribution) Will the right hon. Lady explain why this Government are going to add £150 billion to total borrowin...
Justine Greening | 542 c1045 (Link to this contribution) It is a great pleasure to be able to resume the debate on the Budget today. This is the coalition Go...
Tom Blenkinsop | 542 c1048 (Link to this contribution) I find the Secretary of State's emphasis on infrastructure appealing, because infrastructure is need...
Justine Greening | 542 c1046 (Link to this contribution) If the hon. Gentleman reads the whole OBR report, he will realise that Britain is an economy that op...
Justine Greening | 542 c1046 (Link to this contribution) I wonder whether the hon. Gentleman has an alternative.
Matt Hancock | 542 c1055 (Link to this contribution) As the A14 runs through my constituency and is rather a long way from Barrow, may I point out to the...
Lord Walney | 542 c1054-5 (Link to this contribution) That shows just how out of touch the hon. Gentleman and Government Members are. I would like to see ...
Charlie Elphicke | 542 c1054 (Link to this contribution) I remind the hon. Gentleman that this April petrol duty will be a full 10p lower than it would have ...
Speaker | 542 c1054 (Link to this contribution) Order. In response to the Minister, who inquired whether the use of the term ““diddly squat”” was pa...
Mike Gapes | 542 c1056 (Link to this contribution) Does my hon. Friend agree that the reason the Government have not yet come out explicitly on these i...
Kelvin Hopkins | 542 c1058 (Link to this contribution) The hon. Gentleman says that businesses cannot live on borrowing, but they have to borrow in the sho...
Lord Walney | 542 c1056-7 (Link to this contribution) My hon. Friend makes a good point. Frankly, Britain deserves better. The overwhelming majority of t...
Lord Walney | 542 c1052 (Link to this contribution) I am not aware of any, but my hon. Friend might make proposals as a result of that excellent tax cut...
Gavin Shuker | 542 c1048-9 (Link to this contribution) I am extremely grateful to the Secretary of State for giving way after that party political broadcas...
Justine Greening | 542 c1048 (Link to this contribution) This Government are investing more money in capital spend than was planned by the previous Governmen...
Helen Goodman | 542 c1048 (Link to this contribution) To explain further the point made by my hon. Friend the Member for Middlesbrough South and East Clev...
Lord Walney | 542 c1051-2 (Link to this contribution) I begin by passing on the apologies of my hon. Friend the Member for Garston and Halewood (Maria Eag...
Speaker | 542 c1051 (Link to this contribution) Order. I must thank the Secretary of State for such a succinct speech. A lot of colleagues want to c...
Lord Walney | 542 c1053 (Link to this contribution) I am glad the Secretary of State asks me that. I would expect a little more humility from the Govern...
Helen Goodman | 542 c1052 (Link to this contribution) I am sorry to take my hon. Friend back to the issue of cable transport, but I have a cable lift in m...
Matt Hancock | 542 c1053 (Link to this contribution) Will the hon. Gentleman give way?
Justine Greening | 542 c1053 (Link to this contribution) So where does this £3 billion come from?
Gregg McClymont | 542 c1084 (Link to this contribution) There is no doubt, and the hon. Gentleman is right to say, that not everything in the garden was ros...
Richard Fuller | 542 c1084 (Link to this contribution) The hon. Gentleman talks about a demand crisis, but does he accept that some of the responsibility f...
Gregg McClymont | 542 c1084 (Link to this contribution) We have heard quite a lot already about the economic situation. The context for the Budget is one of...
Lord Harrington of Watford | 542 c1083-4 (Link to this contribution) Now. Unfortunately that was not the case with the situation we inherited, with a huge deficit and th...
Tom Blenkinsop | 542 c1084 (Link to this contribution) If it was such a bad period, why are corporates storing £750 billion under the mattress and not inve...
Gregg McClymont | 542 c1085 (Link to this contribution) As usual, my hon. Friend hits on the apposite point. Corporates do have an enormous cash pile, and w...
Mark Garnier | 542 c1084 (Link to this contribution) Does that not illustrate the fact that such an appalling mess was made by the previous Government th...
Gregg McClymont | 542 c1084 (Link to this contribution) As the hon. Gentleman knows, whatever the situation when this Government took office, they are now, ...
Lord Harrington of Watford | 542 c1085 (Link to this contribution) I appreciate the hon. Gentleman giving way, but does he not agree that, actually, it is hard to say ...
Gregg McClymont | 542 c1085 (Link to this contribution) I thank the hon. Gentleman for his intervention, which will be the last one I take, given the time c...
Helen Goodman | 542 c1067-8 (Link to this contribution) I am sorry, but I will not give way, as I have used up my intervention time. If the Liberal Democra...
Lord Harrington of Watford | 542 c1068 (Link to this contribution) I am conscious of the fact that our speeches are limited to seven minutes. I have so much to say in ...
Helen Goodman | 542 c1068 (Link to this contribution) I am interested in the hon. Gentleman's description of setting up a business. When my husband set up...
Matt Hancock | 542 c1069 (Link to this contribution) Should we not base our approach on evidence? Given that the evidence, supported by the Office for Bu...
Lord Harrington of Watford | 542 c1069 (Link to this contribution) I absolutely agree with my hon. Friend. I hear a lot from people from all parts of the spectrum in m...
Lord Harrington of Watford | 542 c1083 (Link to this contribution) This has been like the show, ““Who Wants To Be A Millionaire?””—a question is asked, there is an adv...
Tom Blenkinsop | 542 c1067 (Link to this contribution) Government Members are keen to take the credit on GSK, but they do not want to take the credit for w...
Baroness Coffey | 542 c1063 (Link to this contribution) I had assumed that the hon. Lady would resume her seat if she had accepted my intervention. She migh...
Susan Elan Jones | 542 c1063 (Link to this contribution) It is a great pity that the hon. Lady has been so interested in following the Conservative party's c...
Mark Garnier | 542 c1060 (Link to this contribution) If I may, I shall develop my point. I am not entirely unsympathetic to the hon. Lady's point, but th...
Mark Garnier | 542 c1060-1 (Link to this contribution) Not all of it. Small businesses do not set their pay on a national basis. It makes complete sense th...
Susan Elan Jones | 542 c1061-2 (Link to this contribution) I am most grateful to you for calling me to speak in the Budget debate, Mr Speaker. I do not propose...
Owen Smith | 542 c1101 (Link to this contribution) If the corporation tax rate has been so effective, will the hon. Gentleman explain why, according to...
Matt Hancock | 542 c1101 (Link to this contribution) I shall give a direct answer to that. When GlaxoSmithKline announced 1,000 jobs and half a billion p...
Mark Hendrick | 542 c1100-1 (Link to this contribution) The last Labour Government produced a defence industrial strategy, drafted by Lord Drayson, which in...
Matt Hancock | 542 c1101 (Link to this contribution) Lord Drayson was an unusually good Labour Minister—I would favourably compare him with almost all th...
Gavin Shuker | 542 c1102 (Link to this contribution) I am extremely grateful to you for calling me to speak on this auspicious day, a Friday sitting, to ...
Matt Hancock | 542 c1101-2 (Link to this contribution) I cannot give way, as I have only a minute left. This denial of the impact of the 45p rate is surpri...
Nigel Mills | 542 c1104-6 (Link to this contribution) It is a pleasure to follow the hon. Member for Luton South (Gavin Shuker); we have heard each other ...
Gavin Shuker | 542 c1102-4 (Link to this contribution) It is only a matter of time, as the Whip says, so there is a top tip. The reason I am pleased to fo...
Louise Ellman | 542 c1094-5 (Link to this contribution) Investment in transport is absolutely essential for the future of our economy, which means that we n...
Gavin Shuker | 542 c1095 (Link to this contribution) My hon. Friend mentions parallels with the water industry. Is she aware—many hon. Members may not be...
Louise Ellman | 542 c1095-6 (Link to this contribution) I thank my hon. Friend for his comment—he makes an very important point and underlines the importanc...
Martin Vickers | 542 c1096 (Link to this contribution) In my speech, I should like to give overall support to the general thrust and direction of my right ...
Speaker | 542 c1096 (Link to this contribution) Order. A lot of Members have apologised for not being present to hear the Minister. That is the conv...
Martin Vickers | 542 c1096-7 (Link to this contribution) The local economy of my constituency is generally a low-paid one, with an average annual salary hove...
Mark Hendrick | 542 c1097-9 (Link to this contribution) The Budget was an opportunity to give hope to those who have seen their household budgets squeezed a...
Tobias Ellwood | 542 c1100 (Link to this contribution) My hon. Friend is making a powerful speech. Will he join me in congratulating both UK Trade and Inve...
Matt Hancock | 542 c1099-100 (Link to this contribution) It is a great pleasure to serve under your enlightened chairmanship of this debate, Mr Deputy Speake...
Matt Hancock | 542 c1100 (Link to this contribution) I compliment UKTI on the turnaround it is undergoing under Lord Green, the exceptional new trade Min...
Gregg McClymont | 542 c1093 (Link to this contribution) Does the hon. Gentleman accept that that is rather a caricature of what happened during the global f...
Richard Fuller | 542 c1093 (Link to this contribution) As always, I have a lot in common with the hon. Gentleman, but that is not the point. The point is t...
Mike Gapes | 542 c1092 (Link to this contribution) Can I take it that the hon. Gentleman is calling for an increase in interest rates?
Richard Fuller | 542 c1092-3 (Link to this contribution) No, I am not calling for an increase in interest rates. I am calling for the Government to be clear,...
Lord Wilson of Sedgefield | 542 c1090-1 (Link to this contribution) It will end up increasing the division between the north and the south in this country. If the Gover...
Richard Fuller | 542 c1093-4 (Link to this contribution) I think the hon. Gentleman is referring to unsecured personal debt rather than overall levels of per...
Gavin Shuker | 542 c1093 (Link to this contribution) The hon. Gentleman mentioned personal debt, about which I share a great deal of concern. Is he aware...
Richard Fuller | 542 c1093 (Link to this contribution) That is a good question, which the hon. Gentleman should address to the Chancellor. I was not in Par...
Lord Wilson of Sedgefield | 542 c1093 (Link to this contribution) If that is true, why did the Tory Opposition go along with our spending plans right up until 2008?
Gregg McClymont | 542 c1085-6 (Link to this contribution) Thank you, Madam Deputy Speaker. Hon. Gentlemen on the Conservative Benches are becoming rather vexe...
Gregg McClymont | 542 c1086 (Link to this contribution) I am afraid that I have no more time to do so. There is a debate to be had about sharing burdens ac...
George Eustice | 542 c1086-8 (Link to this contribution) I welcome in particular the Budget's emphasis on business and enterprise, because we have to be clea...
Speaker | 542 c1085 (Link to this contribution) Order. Hon. Gentlemen will not shout across the Chamber. The point being made is a matter for debate...
Gavin Shuker | 542 c1089 (Link to this contribution) Does my hon. Friend also agree that one of the risks of this approach is that it will have a further...
Lord Wilson of Sedgefield | 542 c1088-9 (Link to this contribution) This is a landmark Budget, because it has redefined the meaning of complacency. The Budget speech, i...
Lord Wilson of Sedgefield | 542 c1089 (Link to this contribution) As I have said, I think that it is ideologically driven. The facts of the matter have been thought t...
Roberta Blackman-Woods | 542 c1089 (Link to this contribution) Does my hon. Friend agree that taking £78 million out of the economy in a time of recession, which i...
Sarah Newton | 542 c1109-10 (Link to this contribution) My hon. Friend makes a good point. I think that the review is a work in progress. The review team di...
Roberta Blackman-Woods | 542 c1107-8 (Link to this contribution) I will deal shortly with some of the measures that have been made available for the north-east. Man...
Baroness Coffey | 542 c1107 (Link to this contribution) Does the hon. Lady accept that from the growing places fund, the north-east has been allocated more ...
Roberta Blackman-Woods | 542 c1106-7 (Link to this contribution) Alas, I do not have a cable car, but that is a great idea for a new business in my constituency, alt...
Gavin Shuker | 542 c1106 (Link to this contribution) Is my hon. Friend seriously trying to convince the House that she does not have a cable car in her c...
Baroness Coffey | 542 c1109 (Link to this contribution) My hon. Friend and I have made common cause in trying to help those matters along, as we share simil...
Sarah Newton | 542 c1109 (Link to this contribution) I definitely agree that the framework is a big step forward, and protecting our precious marine envi...
Charlie Elphicke | 542 c1108 (Link to this contribution) My hon. Friend will be aware that the national ports planning policy framework was recently put befo...
Sarah Newton | 542 c1108 (Link to this contribution) When I talk to businesses in my constituency in Cornwall—this goes for families as well; a party fro...
Roberta Blackman-Woods | 542 c1106 (Link to this contribution) It is a pleasure to follow the hon. Member for Amber Valley (Nigel Mills), not least because he aptl...
Mike Gapes | 542 c1112 (Link to this contribution) Is it not the case that in opposition, the Chancellor of the Exchequer said that there was too much ...
Tobias Ellwood | 542 c1112 (Link to this contribution) I am grateful that I was able to catch your eye, Mr Deputy Speaker, in this Hopperesque corner of th...
Bob Blackman | 542 c1115-7 (Link to this contribution) It is a pleasure to follow the hon. Member for Middlesbrough South and East Cleveland (Tom Blenkinso...
Tom Blenkinsop | 542 c1114-5 (Link to this contribution) This Budget plans for £155 billion of deficit reduction by 2016-17, including £126 billion of spendi...
Charlie Elphicke | 542 c1118-9 (Link to this contribution) I welcome the Budget. I particularly welcome the reduction in the rate of corporation tax. By April ...
Julie Hilling | 542 c1117-8 (Link to this contribution) Well, what a Budget! People were hoping for a Robin Hood tax, but instead they got a Sheriff of Nott...
Mike Gapes | 542 c1110-2 (Link to this contribution) It is a pleasure to follow the hon. Member for Truro and Falmouth (Sarah Newton). She said that the ...
Owen Smith | 542 c1124 (Link to this contribution) The reason why we did not introduce it was because the economy was growing through most of our perio...
Justine Greening | 542 c1124 (Link to this contribution) The OBR is very clear that the £100 million represents a reasonable and central estimate. In fact, I...
Owen Smith | 542 c1124-5 (Link to this contribution) What we know is that last year we got £1 billion from the rate—not £100 million, but £1 billion. Wha...
Charlie Elphicke | 542 c1124 (Link to this contribution) There is more evidence that reducing the rate ups the take. Each time there was a reduction, from 80...
Lord Jackson of Peterborough | 542 c1125 (Link to this contribution) Does my hon. Friend share my concern that the hon. Member for Barrow and Furness (John Woodcock) is ...
Chloe Smith | 542 c1125 (Link to this contribution) I am grateful for the opportunity to respond to the debate and to reinforce, at the end of the first...
Lord Walney | 542 c1125-6 (Link to this contribution) I am delighted to get the chance to address the Minister on this, as I was delighted to welcome the ...
Chloe Smith | 542 c1125 (Link to this contribution) That is right, and the word I would use is ““churlish.”” Perhaps the hon. Member for Barrow and Furn...
Chloe Smith | 542 c1126 (Link to this contribution) If only they had been so full of good ideas in the last 13 years. It is absolutely clear from the ti...
Owen Smith | 542 c1123-4 (Link to this contribution) I would be intrigued to get the Secretary of State to explain why it was wrong. If she looks at page...
Owen Smith | 542 c1122-3 (Link to this contribution) This has been an interesting debate, although we have not heard too much about transport, despite th...
Jeremy Corbyn | 542 c1119-20 (Link to this contribution) This was presented as some kind of intelligent Budget that was taking the country forward and improv...
Owen Smith | 542 c1123 (Link to this contribution) We absolutely agree that taxes and changes in the income tax rate have an impact on ““behavioural yi...
Matt Hancock | 542 c1123 (Link to this contribution) Is it any wonder that Labour left everything in such a mess given that it does not accept that highe...
Owen Smith | 542 c1123 (Link to this contribution) In a moment. Those numbers are absolutely crucial to the debate because they are crucial to the cla...
Owen Smith | 542 c1123 (Link to this contribution) It is interesting that the hon. Gentleman says that; I am going to explain why it is not wrong and w...
Chloe Smith | 542 c1126 (Link to this contribution) Mr Deputy Speaker, it may take more time than I have to list all the counties of the UK, although I ...
Roberta Blackman-Woods | 542 c1126 (Link to this contribution) I wonder whether the Minister will answer my question about why, given the need for economic growth ...
Chloe Smith | 542 c1127 (Link to this contribution) This Government take child poverty extremely seriously, and this Government of course— [Interruption...
Gavin Shuker | 542 c1127 (Link to this contribution) I will help the Minister. There is a legal framework in place, under laws passed by the previous Gov...
Chloe Smith | 542 c1127-8 (Link to this contribution) I certainly join the hon. Gentleman in seeking to combat and take out child poverty, but it is this ...
Justine Greening | 542 c1047 (Link to this contribution) Ultimately, Labour Members seem to know nothing about how business runs. It may be that none of them...
Lord Walney | 542 c1053 (Link to this contribution) As the right hon. Lady is the Secretary of State, I will give way once more, but I want to make a li...
Lord Harrington of Watford | 542 c1068-9 (Link to this contribution) I thank the hon. Lady for those comments. I remind her that I said that the rate of taxation was one...
Richard Fuller | 542 c1091-2 (Link to this contribution) It is a great pleasure to follow the hon. Member for Sedgefield (Phil Wilson), who already outshines...
Tobias Ellwood | 542 c1112-3 (Link to this contribution) I do not agree with that statement at all. It happened under the Labour Government's watch, and they...
Priti Patel | 542 c1120-2 (Link to this contribution) Over the years, Conservative Chancellors have stood at the Dispatch Box on Budget day and outlined g...
Lord Walney | 542 c1052 (Link to this contribution) I am sure that businesses will now see a great opportunity to set up offices at the top of Mickle fe...
Gavin Shuker | 542 c1126 (Link to this contribution) I am delighted to raise a very important point, and I hope a non-combative one. What is the Governme...
Subjects
Construction Airports Broadband Employment Excise duties Fuels High speed trains Heathrow Airport Railways Prices Overseas trade Transport Roads Tolls A14 Budget March 2012
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