Canlyniadau 1–20 o 7838 ar gyfer speaker:Jeremy Hunt

Upcoming Business – Commons: Main Chamber ( 6 Maw 2024)

Budget Statement – Jeremy Hunt. Financial Statement

Treasury: Business Investment: Fiscal Measures ( 6 Chw 2024)

Jeremy Hunt: Mr Speaker, may I add my comments to yours yesterday about His Majesty the King? I wish him and his family well, as well as saluting his courage in being so open about his condition. At the autumn statement last year, I announced an ambitious growth package, which will boost business investment by about £20 billion a year. We are making full expensing permanent, which the CBI welcomed as a...

Treasury: Business Investment: Fiscal Measures ( 6 Chw 2024)

Jeremy Hunt: My hon. Friend is absolutely right to highlight the pressures caused by business rates. That was why in the autumn statement we introduced the 75% discount for retail, hospitality and leisure. All I would say is that the reason we were able to introduce those large cuts in business rates was that we did not embark on a spending spree of £28 billion a year, which is Labour’s policy on...

Treasury: Business Investment: Fiscal Measures ( 6 Chw 2024)

Jeremy Hunt: If that was being nice, I am relieved that I have not seen the other type of questions that the hon. Member asks. I agree that manufacturing is central to our economic fortunes, which is why it was good news that last year we overtook France to become the eighth-largest manufacturer in the world. But we have gone even further: in the autumn statement, we announced a £4.5 billion...

Treasury: Business Investment: Fiscal Measures ( 6 Chw 2024)

Jeremy Hunt: My hon. Friend is an assiduous supporter of the many pubs, restaurants and shops in Devon, and I commend him for that support. We will, of course, keep all those measures under review ahead of the Budget.

Treasury: Business Investment: Fiscal Measures ( 6 Chw 2024)

Jeremy Hunt: I will always look at anything that helps businesses to grow and expand. I set up and ran my own business for 14 years. Can I gently say to the hon. Lady that it is slightly incongruous to argue for lower taxes when the SNP has given Scotland the highest taxes in the United Kingdom?

Treasury: Economic Growth Forecasts: 2024 and 2025 ( 6 Chw 2024)

Jeremy Hunt: We announced 110 growth measures in the autumn statement. Taken together with the measures in the spring Budget, the independent Office for Budget Responsibility says that they will have the biggest impact on output that it has ever measured in a fiscal event, increasing GDP by 0.5% by 2028-29.

Treasury: Economic Growth Forecasts: 2024 and 2025 ( 6 Chw 2024)

Jeremy Hunt: May I gently correct the hon. Lady on the IMF? It said that over the next four years, UK growth will be higher than in Germany, France, Italy and Japan. I agree about SNP tax rises, but I point out that the Liberal Democrats have some tax rises of their own. They want to increase capital gains tax, which would be incredibly damaging for Scotland’s financial services industry, which employs...

Treasury: Economic Growth Forecasts: 2024 and 2025 ( 6 Chw 2024)

Jeremy Hunt: I have been talking with my hon. Friend about these issues recently. In fact, we were discussing increasing the VAT threshold only last night—such are the interesting evenings I have in this job! We will look seriously and carefully at any measures that help small businesses. They are the lifeblood of the country.

Treasury: Bankers’ Bonuses: Removal of Cap ( 6 Chw 2024)

Jeremy Hunt: Removing the bankers’ bonus cap was a decision made by the independent Prudential Regulation Authority, which has long said that the cap was completely ineffective; it did not limit pay or make banks safer.

Treasury: Bankers’ Bonuses: Removal of Cap ( 6 Chw 2024)

Jeremy Hunt: I suspect that when the hon. Gentleman tabled his question, he was not expecting that the biggest supporter of abolishing the bankers’ bonus cap was not the Chancellor but the shadow Chancellor. I hear what he says, and indeed those are some of the reasons we abolished it, because it was not working. If Labour is going to change its mind on that policy, may I ask—just to take a totally...

Treasury: Topical Questions ( 6 Chw 2024)

Jeremy Hunt: I would like to update the House on a couple of data releases published since our last oral questions. Total greenfield foreign direct investment since 2010 has not just been higher than that of France, Germany and Italy, but in the past two years has overtaken that of China to be the second highest in the world. Yesterday’s labour force survey said that unemployment fell to a quarterly...

Treasury: Topical Questions ( 6 Chw 2024)

Jeremy Hunt: As my right hon. Friend knows, as Health Secretary I campaigned for extra money for the NHS to make sure that we could pay NHS staff fairly, but I do believe that junior doctors have had a very fair offer—one that is higher than was recommended by the independent pay review body and is about double the rate of this year’s predicted inflation. I know that the Health Secretary is willing to...

Treasury: Topical Questions ( 6 Chw 2024)

Jeremy Hunt: The way we are helping families with mortgages is not just through the mortgage charter, which is a lifeline to many families, but by bringing down inflation. We have been having a few pops about Labour’s confusion about its £28 billion policy, but the real reason we are against it is that going on a borrowing splurge pushes up inflation, pushes up interest rates and makes mortgages more...

Treasury: Topical Questions ( 6 Chw 2024)

Jeremy Hunt: What I will say to them is that responsible, difficult decisions, the vast majority of which the shadow Chancellor opposed, have seen the inflation rate more than halve and interest rates likely to have peaked. Last year, we built more houses in one year than in any single year under the previous Labour Government. We are doing everything we can to help bring down mortgage rates, but a £28...

Treasury: Topical Questions ( 6 Chw 2024)

Jeremy Hunt: I am sure the hon. Lady understands that I cannot talk about what will be in the Budget ahead of the Budget because no decisions have been made. I celebrate with her that the UK recently became the first major economy in the world to decarbonise by more than 50%, ahead of France, Germany, Japan and the United States.

Treasury: Topical Questions ( 6 Chw 2024)

Jeremy Hunt: I thank my hon. Friend for asking that question. I am curious to know where that figure of £28 billion has come from, but as she has asked the question, I will tell her that, if we were to stick to the fiscal rules, as the Labour party claims it will do, to increase spending by £28 billion would mean increasing income tax by 4% or increasing corporation tax, which Labour says it will cap, by 8%.

Treasury: Topical Questions ( 6 Chw 2024)

Jeremy Hunt: My right hon. Friend is absolutely right: we must remember and honour the sacrifices made by those of all nationalities and religions who fought for our freedom, including, I believe, nearly 150,000 Muslims who died in the second world war. My officials would be happy to engage with him to identify how best the Government can help make this vision a reality.

Treasury: Topical Questions ( 6 Chw 2024)

Jeremy Hunt: I absolutely will; that is a core part of the levelling-up agenda, and my hon. Friend will be pleased to know that, since we started on that agenda, two thirds of all new jobs created have been outside London and the south-east. We will continue to look at any proposals he may have in that respect.

Treasury: Topical Questions ( 6 Chw 2024)

Jeremy Hunt: Let me tell the hon. Gentleman some positive messages he can take home to his constituents in Bradford: violent crime and burglaries have been halved, school standards are up, the NHS has more doctors and nurses than ever in history and real after-tax income for people on the minimum wage or national living wage is up by 30% if they are working full time.


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