UK Parliament / Open data

Autumn Statement

The right hon. Gentleman needs to go back and look at the polling data. The concern about a second Scottish independence referendum is bigger than any concerns about possible Brexit arrangements.

In response to the specific points raised by the hon. Member for Dundee East, I am publishing a distributional analysis—I believe that it is available in the Vote Office now—of the measures that have been announced today and, cumulatively, of the measures that have been announced throughout this Parliament. It will not show the outcome that he suggested, so perhaps he would like to look at it and we can no doubt have another exchange on this at Treasury questions.

The overall package of measures announced today represents a fiscal loosening of around £23 billion. I acknowledge that that is a reduction of a planned fiscal tightening, but of course there has to be a fiscal tightening over time because we are moving towards living within our means, with a balanced budget in the next Parliament, and we are not going to be deflected from that intention. Finally, just to clear up the confusion, UKTI’s budget is now rolled into the budget of the Department for International Trade. What I announced in my statement was that the risk capacity of UK Export Finance will be doubled so that it can provide finance to enable exporters from all over the UK to sell their goods abroad on credit.

About this proceeding contribution

Reference

617 c919 

Session

2016-17

Chamber / Committee

House of Commons chamber
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