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Lord Hammond of Runnymede

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Hammond of Runnymede, Lord (66)

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I have answered the question. The benefits freeze will end at the end of the forthcoming year.

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c378
House
House of Commons

The hon. Lady has a legitimate point. The funding as between schools and authorities is very unevenly distributed. That is why, when we put an extra £1.3 billion into the school system in 2017, we committed to a fair funding formula that would redistribute over time. That is happening. I...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c378
House
House of Commons

No, I do not accept that, but I accept that, because of the scandal of manipulated emissions test, we have a very difficult situation in the vehicle excise duty tables, whereby vehicles have turned out to have much higher emissions than was originally thought. We do have to address this...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c378
House
House of Commons

Statement on the Spring Statement.

Lead member
Lord Hammond of Runnymede
Department
Treasury
Type
Ministerial statements
Date
13 March 2019
Reference
656 cc345-378
House
House of Commons

I am acutely conscious of the fact that the House has other pressing matters on its mind today, and to avoid making this statement any longer than necessary, I am tabling a written ministerial statement that contains additional announcements and provides further details of those that I will make.

Last night’s...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 cc345-353
House
House of Commons

We have just heard the same old recycled lines. I must be going a little bit deaf, because I did not hear any mention of record employment. Perhaps the shadow Chancellor is so ashamed of Labour’s record: no Labour Government have ever left office with unemployment below that which they...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 cc356-7
House
House of Commons

I can confirm to my right hon. and learned Friend that the OBR’s central forecast is based, as before, on an assumption of a deal done with the European Union so that we exit via a transition mechanism and have a future close trading relationship with it. I can assure...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c358
House
House of Commons

I am sure it was a momentary oversight by the hon. Lady that she did not say anything about the decommissioning measures that will be so important to her local industry in Aberdeen and that are listed in the written ministerial statement. She says that no deal will be bad...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 cc359-360
House
House of Commons

My right hon. Friend is right, of course, about the OBR’s Brexit assumption—I said so earlier and the OBR has said so clearly. It has to make an assumption, and until there is a new policy, that is unfortunately the way it is mandated to work. On the forecast, I...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c361
House
House of Commons

What the hon. Lady has not mentioned is that business investment recovers to 2.3% next year, and, over the forecast, recovers entirely, so this is a cyclical change, not a structural change. There are two drivers. Of course Brexit uncertainty is having a damping effect on investment—I have said that...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c362
House
House of Commons

As my right hon. Friend knows, we are not able, under the current regime, to discriminate between cars made in British factories and cars made elsewhere, but we do keep all fiscal policy under review, and I am acutely conscious of the pressures that the car industry is facing at...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c362
House
House of Commons

I do not know why the right hon. Gentleman would want to break the habit of a lifetime in finding something positive to say in response to a statement, but I will take him at face value. On the Furman report, I do think it is quite important that we...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c362
House
House of Commons

I can give my right hon. Friend that assurance. I am acutely conscious of the fact that we are committed to building a tunnel under the Thames but we have not yet committed to the link roads that will link that tunnel to the rest of the road network, and...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c363
House
House of Commons

I welcome the right hon. Gentleman’s comments. I draw the House’s attention to the fact that one of the features of the jobs growth we have delivered is the regional distribution of it. This is not London-centric jobs growth; it is across the country. Productivity, wages and employment have grown...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c363
House
House of Commons

Let me make this clear, for the avoidance of doubt. The NHS 10-year plan has been published, but the funding plan that we have announced is a five-year plan, and there will be a mid-point at which we fund the NHS for the latter part of the plan. We have...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c363
House
House of Commons

There will be many demands on the available funding at the spending review, and we intend to look at the public’s priorities in the round. Our challenge, as always, is to ensure that we direct funding in the way that most effectively delivers the end result that the public need....

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c364
House
House of Commons

Yes. My right hon. Friend—perhaps unsurprisingly, given his constituency—is very interested in these issues, and I would be happy to meet him to go through the numbers. There are a number of moving parts underneath the headline number. Stamp duty in Wales has been devolved, which takes a significant chunk...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c364
House
House of Commons

While the hon. Gentleman is entitled to his point of view and often makes a valuable contribution to the debate, he has to be careful that he does not accidentally veer off-piste into “talking Britain down” syndrome. He talks about a collapse in business investment, but I hope he would...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c365
House
House of Commons

I can confirm that we want to move ahead as quickly as possible with agreeing the individual projects and getting disbursement under way. I would be delighted to visit Carlisle, to see not only the effects of the borderlands growth deal but the £100 million housing infrastructure fund investment that...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 c365
House
House of Commons

The hon. Lady talks about reductions in economic forecasts. It is actually one year—[Interruption.] I will answer the question in my own way, if the hon. Member for Kingston upon Hull West and Hessle (Emma Hardy) does not mind. It is only one

year for which the OBR has downgraded...

Member
Lord Hammond of Runnymede (Conservative)
Type
Proceeding contributions
Date
13 March 2019
Reference
656 cc365-6
House
House of Commons