Philip Hammond today warned MPs to take the 'threat' of No Deal Brexit off the table and demanded a 'consensus' from MPs on how Britain leaves the EU.
In a stark warning of the risks of crashing out, the Chancellor used his Spring Statement to say Theresa May's deal failing risks 'higher unemployment, lower wages and higher prices in the shops'.
Just a day after the deal was crushed for a second time Mr Hammond promised MPs there was an end to austerity available if they rethink.
The Chancellor said the economy would continue to grow in every year to 2023 - at a faster rate than Germany - if the deal is agreed but failure would cause an unavoidable short term shock.
The latest economic forecasts from the Office for Budget Responsibility suggest the economy will be sharply slower this year than expected - with a downgrade from 1.6per cent to 1.2 per cent - in November.
But growth will rise again to 1.6 per cent a year in 2021, 2022 and 2023, the forecasts say.
The Chancellor said the strong economy meant Britain was taking 'another step of... the road out of austerity'.
Mr Hammond said if MPs pass the deal he will decide in the Spending Review later this year how to share the proceeds from any 'Deal Dividend' thought to be worth £20billlion.
He said it would go on increased spending on public services, capital investment and keeping taxes low.
In the Spring Statement today, Mr Hammond is also announcing a major funding boost to combat knife crime as he said Britain would keep growing.
He is also due to pledge an immediate £100million boost for police forces.
The money will pay for a 'surge' in street policing in an effort to tackle rising levels of violence on the country's streets.
It follows a major Whitehall row between the Home Office and Treasury, and represents a major victory for Home Secretary Sajid Javid.
In the Spring Statement this lunchtime, the Chancellor is expected to pledge an immediate £100million boost for police forces
The latest economic forecasts from the Office for Budget Responsibility suggest the economy will be slower this year than expected in November (pictured) but with growth every year to 2023
Philip Hammond (pictured today leaving No 11 Downing Street) will today announce a major funding boost to combat knife crime as he unveils his spring statement 16 days before Brexit
Mr Hammond said that Tuesday's vote to reject the EU Withdrawal Agreement 'leaves a cloud of uncertainty hanging over the economy' and his most urgent task is to lift it.
The Chancellor warned that the country's economic progress will be at risk in a no-deal Brexit, and said he was 'confident' that the Commons will agree a smooth and orderly EU withdrawal 'over the coming weeks'.
Mr Hammond told MPs: 'A no-deal Brexit would deliver a significant short- to medium-term reduction in the productive capacity of the British economy.
'And because our economy is operating at near full capacity, any fiscal and monetary response would have to be carefully calibrated not to simply cause inflation.'
Mr Hammond said he will decide in the Spending Review later this year how to share the proceeds from any 'Deal Dividend', if the UK leaves the EU with a deal, between increased spending on public services, capital investment and keeping taxes low.
Responding to Mr Hammond's statement, shadow chancellor John McDonnell said: 'We have just witnessed a display by the Chancellor of this Government's toxic mix of callous complacency over austerity and ... mishandling of Brexit.'
Last week Mr Hammond urged forces to divert existing resources from lower priority crime instead of demanding more.
He said backed a 'surging of resources from other areas of policing activity into dealing with this spike in knife crime' and said forces should 'move' money from other areas.
But Mr Javid publicly backed senior police officers who said they needed more money to pay for overtime to put more officers on the streets.
Sources said around two thirds of the cash would go to paying for a surge in street policing, and the remainder to fund specialist Violence Reduction Units.
On Monday 46 London MPs called for Mr Hammond to use the Spring Statement to help the Metropolitan Police fight knife crime.
Mr Hammond is also expected to warn today that money to end austerity can be found only if MPs vote to leave the EU with a deal. He is expected to unveil a 'deal dividend' of £20 billion to invest in public services. PIctured is the current state of the deficit
Mr Hammond's plan again some positive economic figures - including wages (blue line) rising sharply faster than prices (red line)
Last week a string of former senior officers said there was an urgent need for more police to be recruited.
Lord Hogan-Howe, the former Met commissioner, has called for an extra 20,000 officers across the country and told ministers to 'get a grip on the crisis'.
Police numbers have fallen by 20,000 in England and Wales since 2010. The number of knife-related deaths rose from 186 in 2015-16 to 285 in 2017-18.
Violent crime rose by nearly a fifth in the year to September 2018, according to police figures, and the increase in knife killings has been particularly pronounced.
In the last year alone, 27 under-19s have been stabbed to death, and there have been 285 knife killings in all - the highest level since the Second World War.
Downing Street is also understood to have been backing calls for extra cash. Forces are already set to receive nearly £970 million extra in the next financial year.
Theresa May last week ordered an urgent set of ministerial meetings to discuss action against knives, but she came under fire after claiming there was 'no direct correlation between certain crimes and police numbers'.
Metropolitan Police Commissioner Cressida Dick rejected that claim saying it was obvious 'there is some link between violent crime on the streets and police numbers'
Ahead of the statement, shadow chancellor John McDonnell urged him to end Government cuts
Mrs May is also considering plans for would-be knife thugs to be treated in the same way as potential jihadis.
A new regime would see councils, schools and other agencies required to report youngsters considered to be at risk of being dragged into knife and gang crime.
Ahead of the statement, shadow chancellor John McDonnell urged him to end Government cuts.
Mr McDonnell said: 'Living standards have been squeezed by relentless cutbacks to public services, as part of a toxic Tory cocktail of callousness and incompetence.
'Philip Hammond must abandon this disastrous austerity agenda of the past nine years.
'Labour will tax the rich and giant corporations to end austerity, fund our public services properly, and rebuild our economy so it works for the many, not the few.'
Link hienalouca.com
https://hienalouca.com/2019/03/13/spring-statement-hammond-urges-mps-to-avoid-no-deal-and-back-brexit-delay/
Main photo article Philip Hammond today warned MPs to take the ‘threat’ of No Deal Brexit off the table and demanded a ‘consensus’ from MPs on how Britain leaves the EU.
In a stark warning of the risks of crashing out, the Chancellor used his Spring Statement to say Theresa May’s deal...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves Online news HienaLouca
https://i.dailymail.co.uk/1s/2019/03/13/12/10931118-6803979-image-a-15_1552481090663.jpg
Комментариев нет:
Отправить комментарий