Philip Hammond

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Last quote by Philip Hammond

I do occasionally swear, I wasn't referring to any particular conversation but I do occasionally swear.feedback
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May 17 2017
Philip Hammond has been quoted 266 times. The one recent article where Philip Hammond has been quoted is Theresa May refuses to rule out income tax hike for top earners. Most recently, Philip Hammond was quoted as having said, “The top one per cent of income earners pay 27 per cent of all the income tax collected in this country.”.
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Philip Hammond quotes

We approach the Brexit negotiations with a spirit of goodwill and we will consider any EU proposal before we leave on its merits.feedback

London is the world's number one financial centre with high standards of financial supervision, including longstanding cooperation with EU institutions. This benefits the entire Continent. We trust everyone in the negotiations will see the value in not undermining that.feedback

London is the world's No. 1 financial center, with high standards of financial supervision, including longstanding cooperation with EU institutions. This benefits the entire continent. We trust everyone in the negotiations will see the value in not undermining that.feedback

The prime minister has made it clear that she will make no commitments on spending or taxation that she cannot deliver. That is the yardstick of responsibility on which all political parties should be judged – and by that yardstick, Jeremy Corbyn has failed.feedback

We are still dealing with the consequences of Labour's recession. All the progress we've made over the last seven years could easily be lost, if we make a wrong turn now. The only reliable way to get debt falling and to keep our country on track to a better future is to continue as we have done, reducing the deficit, so that we live within our means. Jeremy Corbyn has made clear that he takes a different view. He says that we should not be afraid of debt, or borrowing. That is exactly the attitude that got us into such extreme economic difficulty in the first place.feedback

We are on the brink of a very tough, complex, lengthy negotiation and I am not remotely surprised that people are maneuvering for opening advantage in that negotiation.feedback

Britain's economy is forecast to grow at two percent this year. The choice facing the British people on June the 8th is between five more years of strong, stable government under Theresa May that will lock that economic progress in and get the best possible Brexit deal for Britain, or a coalition of chaos under Jeremy Corbyn that will crash our economy again.feedback

The path for the budget balance has been revised going forward and it has been revised to make room for what the UK treasury calls high quality investment. The idea is to improve the growth potential of the UK economy, and to make it more resilient in the context of Brexit.feedback

It's self-evidently clear that the commitments that were made in the 2015 manifesto did, and do today, strain the ability of the government to manage the economy flexibly.feedback

We do need flexibility to manage the system and we do need to make sure that Theresa May and her Government have a clear mandate to execute our plan.feedback

I think there is an appetite among G20, G7 partners to look for areas where we can demonstrate by our actions, rather than words, to the new U.S. administration how these multilateral organizations can help the U.S. administration to achieve its objectives. The new administration comes into office with, shall we say, a degree of skepticism about the value of the multilateral organizations. It's for the multilateral organizations to demonstrate their value.feedback

So I'm not in the business of having some ideological desire to increase taxes. But I also think we need to manage our economy sensibly and sustainably.feedback

We are now past the point where we have recovered the taxpayers' investment. We still hold a small shareholding of between 1-2% but the taxpayer has now recovered every penny of its investment in Lloyds. Recovering all of the money taxpayers injected into Lloyds marks a significant milestone in our plan to build an economy that works for everyone. While it was right to step in with support during the financial crisis, the government should not be in the business of owning banks in the long term.feedback

I'm a Conservative I didn't come into politics because I believed in higher taxes. I believe in lower taxes. And I want to see Britain as a high skill, high unemployment, high growth, low tax economy. I say low tax, I mean sensibly taxed economy. We need to address the remainder of our deficit. Get our fiscal accounts back in to balance and it's self-evidently clear that the commitments that were made in 2015 manifesto did and do today constrain the ability of the government to manage the economy flexibly.feedback

Fair value could well be below what the previous government paid for them.feedback

The fundamentals of our economy are strong and we continue to invest in the skills needed for a stronger and fairer Britain ... In Washington this week I will be talking to our international partners about how we can carry on increasing global economic growth, with Britain again playing an active and engaged role in the global economy.feedback

If the UK is going to make the most of the freedoms it will have after leaving the European Union we have to build trade links with the fast-growing economies of Asia, we have to invest in the skills of the future and our economy must remain at the cutting edge.feedback

We need to continue to attract the brightest and the best from around the world to these shores - and we will - we also need to do better at nurturing and developmenting homegrown talent to drive our economy forward in the future.feedback

We can't remain the number one place for FinTech and the other technologies of the Fourth Industrial Revolution by simply relying on our ingenuity, talent and openness. We have to go out and get the business. To make the most of the freedoms it will have after leaving the European Union the UK must build trade links with those fast-growing economies of Asia. We will have to strive and graft and fight to seize the opportunities and to make the most of them.feedback

The British government's position has been, and will remain, to lead the way on arguing for a robust approach towards Russian aggression in Syria. We have been doing it for years and we will go on doing it. We have to make that case and we will continue making that case. Sometimes some of our partners are less forward-leaning than we are but that won't stop us making the case for what we believe is the right approach to dealing with Russia.feedback

There are definitely some people on both sides who do not want a deal, they do not want to see Britain continuing to collaborate in what the prime minister described in a letter as a deep and special partnership with the European Union.feedback

I can tell you with a high degree of confidence that we will come up against tensions in this process.feedback

We hope to be able to a negotiate a deep and special relationship with the European Union that will allow us to go on trading together, go on investing in each other's economy, but at the same time, allow us to rebuild our relationships with our partners and allies around the world.feedback

My analysis is that the concern that there has been in the UK over recent years over migration levels is based on a concern about the impact that this is having on the wages of the lower-skilled in the UK. In that context we can have a very sensible dialogue with our Indian partners. Although we occasionally hear people in India say India doesn't get a fair crack of the whip, the truth is we issue more visas to Indians than we do to all other nationalities put together.feedback

We have a legal system and a governance system that is visibly in the same mould, and that does make some things a lot easier.feedback

The UK is perfectly placed to be India's financial partner of choice, helping it to raise the finance needed for its continued rapid growth and my message will be 'Make in India, finance in the UK.feedback

As we leave the EU and embark on an exciting new phase of our economic history, looking to boost our trade and investment beyond the borders of Europe and strengthening our relationships with the world's most vibrant economies is more important than ever.feedback

We are determined to return the financial assets we own to the private sector and today's sale is further proof of the confidence investors have in the UK economy.feedback

I'm very confident we will not get an outcome that is a worst case outcome for everyone. That would be ridiculous. We are going to get a deal. The question is about the shape and nature of that deal and making sure that we are able to protect Britain's vital national interests.feedback

It's like negotiating to buy a house. If you're not willing to walk away then they will push you and push you. We understand that we can't cherry pick, that we can't have our cake and eat it,that by deciding to leave the European Union and negotiate a future relationship with the EU as an independent nation, there will be certain consequences of that. And we accept those. What you can assume is that everybody in the EU and UK is going into this negotiation looking to protect their own interests. It is not in the interests of anyone on the continent of Europe to have lines of trucks.feedback

We focus, resolutely, on getting the very best possible arrangements for Britain's future relationship with the European Union as part of our plan for building Britain's global future, both in terms of our international trade and business partnerships, but also in terms of our ambitious plans for reform of our economy and our society at home.feedback

It has to be a deal that works for Britain and for its European Union partners, that's the only way you can get a deal done. But I'm confident as we've explored over the last nine months with our EU partners that we have a sufficient meeting of minds on this issue.feedback

Everybody in the EU and the UK is going to go into this negotiation looking to protect their own interests. It is not in the interests of anybody on the continent of Europe to have lines of trucks. It is not in the interests of the millions of EU workers who spend their days producing goods to be sold in the UK. It is not in the interests of French farmers who produce fresh produce coming into the UK every day that there are lines of trucks. So I am very confident that we will not get an outcome that is a worst case outcome for everybody. That would be ridiculous.feedback

We all have the same agenda. We are all seeking to get the best possible deal for Britain.feedback

Of course they can come here after today. We remain full members of the EU with all the obligations and all the rights of membership.feedback

We can't have our cake and eat it. When I sit around the negotiating table in the months ahead, I will represent every person in the whole United Kingdom – young and old, rich and poor, city, town, country and all the villages and hamlets in between. And yes, those EU nationals who have made this country their home. It is my fierce determination to get the right deal for every single person in this country. For, as we face the opportunities ahead of us on this momentous journey, our shared values, interests and ambitions can – and must – bring us together.feedback

Of course, we have plans for day one after leaving the EU with a huge variety of different outcomes. But we are very clear what we are seeking to do is negotiate a deep and special relationship with the EU .feedback

Longer-term I would like the community pharmacy market to follow trends we have witnessed in other retail markets. This might include a shift away from the traditional bricks-and-mortar business model towards scaled-up, innovative supply solutions employing digital technology, where Government expenditure is minimised.feedback

But the system is clearly under pressure. And this in turn puts pressure on our NHS. Today, there are half a million more people aged over 75 than there were in 2010. And there will be 2 million more in ten years' time.feedback

We recognise that for many parents the cost of travel can be a barrier to exercising that choice. Pupils typically travel three times as far to attend selective schools, so we will extend free school transport to include all children on free school meals who attend a selective school because we are resolved that talent alone should determine the opportunities a child enjoys.feedback

Trust matters in politics. And this Conservative government sets great store in the faith and trust of the British people.feedback

He is clearly not in that inner circle. There has been huge, huge damage done by the Treasury when it briefed against Downing Street. You don't brief against the boss.feedback

In light of the debate over the last few days, it is clear that compliance with the 'legislative' test of the manifesto commitment is not adequate.feedback

It is very important both to me and to the prime minister that we are compliant not just with the letter but also the spirit of the commitments that were made.feedback

I would like to see this kept under review. I would like to see the ball kept in play.feedback

This doesn't actually land until next year, so there is plenty of scope to look at how this actually affects [the self-employed] and listen to business representatives.feedback

They had a consultation that reported in July, and now the response is to have another consultation. Why we need another one I'm not sure.feedback

We are navigating within those confines to try to prepare Britain for Brexit. We are embarking on a journey here, leaving the European Union and making our way in the world, and we have to get this country match fit. As the chancellor now, I am working within an extremely constrained environment where we face some new challenges in this country.feedback

What they failed to remind me was that 10 weeks later he was sacked, so wish me luck today!feedback

No one objected; no one raised any issues about it. We regard that issue as dealt with – we dealt with it in 2015.feedback

No one objected, no one raised any issues about it. We regard that issue as dealt with – we dealt with it in 2015. As the chancellor now, I am working within an extremely constrained environment where we face some new challenges in this country.feedback

At this point in our cycle we have to be prudent, we have to make sure that we've got fuel in the tank as we go through this next couple of year period so that we're resilient, our economy is resilient, we can deal with anything that comes along. I don't accept that at all. We strongly support small businesses.feedback

No one objected, no one raised any issues about it. We regard that issue as deal with – we dealt with it in 2015. What I had to address yesterday was the challenge of financing our National Health Service, financing social care, and investing in skills for Britain's future. We are embarking on a journey here, leaving the European Union and making our way in the world, and we have get this country match fit.feedback

In the summer when the roads are full of 4x4s, Southwold is seen as a rich town. It is not at all rich.feedback

A strong economy needs a fair, stable and competitive tax system, creating the growth that will underpin our future prosperity.feedback

Reflecting the recent strength in the economy, the OBR has upgraded its forecast for growth this year from 1.4 percent to 2.0 percent. To make the UK even more attractive for R&D we have accepted industry calls for a reduction in administrative burdens around the scheme.feedback

As we start our negotiations to exit the European Union, this Budget takes forward our plan to prepare Britain for a brighter future. It provides a strong and stable platform for those negotiations.feedback

Such dramatically different treatment of two people earning essentially the same undermines the fairness of the tax system. The lower National Insurance paid by the self-employed is forecast to cost our public finances over 5 billion pounds this year alone.feedback

Jeremy Corbyn is now so far down a black hole that even Stephen Hawking has disowned him.feedback

My ambition is for the UK to be the best place in the world to start and grow a business.feedback

Today's OBR (Office for Budget Responsibility) report confirms the continued resilience of the British economy. I report today on an economy that has continued to confound the commentators with robust growth.feedback

And third, I will provide local authorities with a £300 million fund to deliver discretionary relief to target individual hard cases in their local areas.feedback

I have listened to concerns on business rates. We cannot abolish but we have to find better way of taxing digital businesses. The revaluation has undoubtedly raised some hard cases, especially for those businesses coming out of Small Business Relief. So today, as I promised many of my Right Honourable Friends I would, I address those concerns with three measures which apply to the national business rates system for England. First, any business coming out of Small Business Rate Relief will benefit from an additional cap.feedback

No business losing small business rate relief will see their bill increase next year by more than £50 a month and the subsequent increases will be capped at either the transitional relief cap or £50 a month, whichever is higher. Second, recognising the valuable role that local pubs play in our communities, I will provide a £1,000 discount on business rates bills in 2017 for all pubs with a Rateable Value of less than £100,000 – that's 90 per cent of all pubs.feedback

I recognise the challenges you are facing in Surrey, and the apparently harsh treatment that the funding formula delivers, and I will take this up with Sajid Javid.feedback

This happens every year, involves councils making representations to the government, and has always been the process.feedback

This will resolve the inconsistency where UK VAT is applied to mobile phone use by UK residents when in the EU, but not when outside the EU. This will bring UK VAT rules into line with the internationally agreed approach.feedback

Since 2010, we have secured £140bn in additional tax revenue by taking robust action to tackle avoidance, evasion and non-compliance. But there is more that we can do. We will introduce a tough new financial penalty for professionals who enable a tax avoidance arrangement that is later defeated by HMRC.feedback

Amongst the major advanced economies, Britain's growth in 2016 was second only to Germany.feedback

Unusually for a chancellor I am delighted to announce a reduction in the expected yield of a tax, the soft drinks levy. Producers are already reformulating sugar out of their drinks, which means a lower revenue forecast for this tax.feedback

The difference in national insurance contributions is no longer justified by the difference in benefits entitlement. Employed and self-employed alike use our public services in the same way, but they are not paying for them in the same way.feedback

The system is clearly under pressure. And this in turn puts pressure on our NHS. Today, there are half a million more people aged over 75 than there were in 2010, and there will be 2m more in 10 years' time.feedback

Employed and self-employed alike use our public services in the same way but they are not paying for them in the same way. People should have choices about how they work but those choices should not be driven primarily by differences in tax treatment.feedback

It's not money in the wallet because we are borrowing a huge amount of money.feedback

Investing in education and skills is the single most important thing that we can do to equip our children for the future...these announcements take the next steps in giving parents greater choice in finding a good school for their child, whatever their background.feedback

It is important that we not only celebrate next year's centenary but also that we educate young people about its significance. It was the decisive step in the political emancipation of women in this country and this money will go to projects to mark its significance and remind us all just how important it was.feedback

This demonstration politics isn't helping to create a better atmosphere in British politics.feedback

There are still some voices calling for massive borrowing to fund huge spending sprees. That approach is not only confused, it's reckless.feedback

If your bank increases your overdraft limit, you don't want to go and spend every penny in it. We've got enough gas in the tank to see us through that journey … that seems like a sensible approach.feedback

I have no intention of doing so. Just for the record by tax affairs are all perfectly regular and up to date.feedback

We recognise our public services are under pressure to deliver the efficiency programme we have set out. This isn't just about money. There is a case for taking a longer term view of how we fund a service which is intrinsically linked to the demographics of the population. There's a very good case for taking a strategic look in the round at how we deal with this problem in the longer term. I think that is a separate issue from dealing with the short term disparity between areas that are coping very well and areas that are struggling, I think we have to look at what the difficulties are there.feedback

It's not money in the wallet because we're borrowing an awful lot of money. We're spending over £50bn a year just on servicing the interest on our debt. We're about to enter into a negotiation, very often when you're about to start a negotiation with people they set out very large demands and very stark positions ahead of that. The PM has been clear we are a nation that honours our obligations and if we do have any bills that fall to be paid we will obviously deal with them.feedback

This will be a fitting reminder of the ultimate sacrifice made by British men and women on D-Day for the freedoms we enjoy today. We have a duty to ensure their names will be remembered for generations to come. It is only right we support this project as we look forward to the 75th anniversary of the D-Day landings in 2019.feedback

If unexpected changes in the economy require it, then I will, of course, announce actions at the Spring Statement, but I won't make significant changes twice a year just for the sake of it.feedback

Consumer borrowing and consumer spending have been an important component of the robustness of the economy over the last few months. What I hope to see over the course of 2017 is business investment and exports providing a greater share of growth.feedback

Charlotte has done an excellent job as the Bank's first Chief Operating Officer. She will take over this new role at a key time for the City.feedback

We will continue to abide by the rules, regulations and the laws of the European Union for so long as we are members.feedback

Of course we want to strengthen our trade ties with the very many trade partners we have around the world. But we are very mindful of our obligations under the treaty and will follow them precisely.feedback

There may be uncertainty ahead as we adjust to a new relationship with Europe.feedback

My strong preference and my prime minister's strong preference, is that we maintain our competitiveness by remaining within the European economic mainstream, with access to the European markets and on a reciprocal basis, access for our European neighbours to our market, continuing to operate to European norms and European regulatory standards. That is our strong preference. But if we are driven out of that market, if we are denied access to our most important market, then we will for sure reinvent ourselves and create another way of being competitive.feedback

That could be a subject for the negotiations. What we have said clearly is that we cannot accept the principle of free movement.feedback

We have to remain competitive. The best way to do that is to have a comprehensive trading relationship with the European Union, our closest neighbours.feedback

Nothing we see at the moment looks like a case for accessing that headroom, at the moment it's steady as she goes.feedback

We want to go on to be that open, welcoming society where people choose as a venue to do their business.feedback

Obviously we can't be in the full customs union because the restrictions that implies goes beyond the political imperatives from a UK point of view.feedback

But we have a lot of reasons on both sides of this discussion to want to try and maintain the most frictionless border system possible.feedback

We will go forward understanding that we cannot be members of the single market, because of the political red lines around the 'four freedoms' that other European leaders have set, but expressing an ambitious agenda for a comprehensive free trade arrangement with the European Union.feedback

We will do whatever it takes to maintain our competitiveness and protect our standard of living.feedback

But if we are forced to be something different, then we will have to become something different.feedback

In this case, we could be forced to change our economic model and we will have to change our model to regain competitiveness. We will change our model, and we will come back, and we will be competitively engaged.feedback

But we are aware that the message from the referendum is that we must control our immigration policy.feedback

Clearly we need people to come and work in our economy to keep it functioning. But we must have overall control.feedback

Returning Lloyds to the private sector and recovering all of the cash the taxpayer injected into the bank during the financial crisis is a priority for the government.feedback

We've spent forty years integrating our economies and now we have to separate them and there are lots of complicated things that have to be unpackaged, unbundled.feedback

In my view, the WTO option would not be the most favored outcome. I hope that we would be able to agree with our European partners tariff-free access but on a reciprocal basis.feedback

I can't conceive of any circumstance in which we would use that system to choke off the supply of highly skilled, highly paid workers.feedback

We see huge opportunities to build on what is already a very substantial collaboration, the U.K. is the biggest investor in South Africa's economy, a key trade partner. As we look to the global economy to see our future in the wider world, we certainly want to build on those established platforms that we have both for investment and for trade.feedback

As we leave the EU, Britain's future prosperity depends on maintaining the strongest possible economic links with our European neighbours, while building on the already strong economic partnerships we have with the world beyond Europe.feedback

I think that it's in everybody's interest on both sides of the English Channel to have a smooth a process as possible that minimizes the threat to European financial stability and minimizes the disruption to the very many complex relationships that exist between European manufacturing businesses and their financing banks and so on in London.feedback

We would look at what was on offer, we would look at the cost, and as you do with anything we would decide if that was a good deal or not.feedback

We lag the U.S. and Germany by some 30 percentage points. But we also lag France by over 20 and Italy by eight. Which means in the real world, it takes a German worker four days to produce what we make in five, which means, in turn, that too many British workers work longer hours for lower pay than their counterparts. That has to change if we are to build an economy that works for everyone.feedback

Which means in the real world, it takes a German worker four days to produce what we make in five, which means, in turn, that too many British workers work longer hours for lower pay than their counterparts. That has to change if we are to build an economy that works for everyone.feedback

Our task now is to prepare our economy to be resilient as we exit the EU and match-fit for the transition that will follow.feedback

We choose in this Autumn statement to prioritise additional high value investment specifically in infrastructure and innovation that will directly contribute to raising Britain's productivity.feedback

In 2017 the OBR (Office for Budget Responsibility) forecast growth to slow to 1.4 percent, which they attribute to lower investment and weaker consumer demand driven respectively by greater uncertainty and by higher inflation, resulting from sterling depreciation.feedback

Over the course of this parliament, the government expects to more than double in real terms annual capital spending on housing.feedback

Economically productive infrastructure directly benefits businesses, but families, too, rely on roads, rail, telecoms and especially housing.feedback

Reliable transport networks are essential to growth and productivity.feedback

Today we stand on the side of the millions of hardworking people in our country by cancelling the fuel duty rise for the seventh successive year.feedback

We are highly constrained in how we can approach this. We need to do it cautiously and appropriately.feedback

We've got to make sure that the prosperity that comes from seizing opportunities ahead is shared across the country and across the income distribution.feedback

Once he is inaugurated as president, I expect that the very strong and close relationship that always develops between the UK prime minister and the U.S. president will develop between those two.feedback

I'm sure we will have a very constructive dialogue ... with the new American administration.feedback

They are very strong figures which show that not only was the economy stronger than we thought going into the referendum but it has been much more resilient than many people predicted following the referendum.feedback

Selling our shares in Lloyds and making sure that we get back all the cash taxpayers injected into it during the financial crisis is one of my top priorities as Chancellor.feedback

Monetary policy - including measures such as quantitative easing - have been highly effective in supporting the economy. Because of the fiscal implications of an indemnity for the Bank, packages have to be formally agreed by the chancellor. Although I cannot prejudge any hypothetical request, no request for quantitative easing has ever been refused. And I see no reason why circumstances would be different in future.feedback

There is a political debate going on here in Europe where European politicians are very conscious of the impact of Britain's departure on their political project, and I don't think that we can be certain that economics alone will dictate the course of this negotiation.feedback

Those that are undermining the effort are those that are seeking to close down that negotiating space, seeking to arrive at hard decisions that we don't need to make at this stage.feedback

To the extent that the government believes that distributional impact needs to be addressed or corrected we also have tools available to do that.feedback

I cannot conceive of any circumstances in which we would be using those controls to prevent banks, companies moving highly, qualified highly skilled people between different parts of their businesses. That's essential for the smooth operation of our economy.feedback

Nothing had changed: "Monetary policy is independently determined. That will continue to be the case.feedback

Equivalence is one of the routes being discussed by players in the financial services sector but of course it has some challenges around it.feedback

We're looking at all key sectors and you're right that we should take particular note of those sectors with complex pan-European supply chains where often components and self-assemblies move backwards and forwards across European borders several times before they get incorporated into a final product.feedback

The government does not... plan to change the remit of the Band of England.feedback

The PM was commenting on the impact of monetary policy... essentially setting out a fact.feedback

It seems that what's happened this week is that another bunch of them said 'hang on a minute, the UK is leaving the European Union.feedback

We will look at any case put to us by the Bank of England in the circumstances, and I approved a round of quantitative easing back at the beginning of August as a response to the shock that the economy had felt. But we are conscious of the impacts that quantitative easing has and we will use it carefully and cautiously.feedback

Our economy is fundamentally strong, but we are now going into a period of uncertainty because of the Brexit vote.feedback

We have to expect a period when confidence will go up and down – perhaps on a bit of a rollercoaster – until we get to a final agreement.feedback

I think we must go into this negotiating period with a realistic expectation of the turbulence that there could be during the negotiations. People will be speculating – one day it's going very well, one day it's not going so well.feedback

We need to keep the lid on day-to-day spending, we need to make government more streamlined and efficient but I do think there is a case that we should look at very carefully for targeted, high-value investment in our economic infrastructure.feedback

There is a distinction in my mind between investing in the things that will make Britain's economy more efficient in the future, make transport systems work better, communications systems work better and simply spending more on our day-to-day process of government.feedback

Let's be clear not all 27 of the remaining European Union countries have the same view about how to go forward.feedback

We must expect some turbulence as we go through this negotiating process and there will be a period of a couple of years or perhaps even longer when businesses are uncertain about the final state of our relationship with the European Union and during that period we need to support the economy.feedback

On the data we have seen for the first half of this year this economy is running at eight out of 10 with high employment, strong growth, robust fundamentals.feedback

And when the process is over we are ready to provide support to British businesses as they adjust to life outside the EU.feedback

Everything is on the table, everything is up for discussion. We know what some people in Europe are saying, but they too are preparing a negotiating position for what will be a long and tough negotiation.feedback

We'll use all the tools at our disposal to accelerate housebuilding and ensure that over time, housing becomes more affordable.feedback

It may not have been stated explicitly but it's implicit. And that is that they do not want to see the economy suffer.feedback

The message that I want to send to business is that whatever solution we end up, whatever control powers we have over immigration into the UK, we will use them responsibly.feedback

We want to build on this strength as we forge a new relationship with the EU and deliver an economy that works for all. The UK is well-positioned to deal with the challenges, and take advantage of the opportunities, that lie ahead.feedback

It is very clear that we can only do this by working together within Europe and beyond Europe to make sure that international corporations pay the right amount of tax in the right place.feedback

So I don't think we should be cavalier about the level of the debt.feedback

Often it is modest, rapidly deliverable investments that can have the most immediate impact, particularly on the road network, but also in some places on the rail network.feedback

We want to ensure the continued investment that creates jobs and supports wage growth throughout this period of uncertainty.feedback

Along with the Bank of England, this government will take whatever action is necessary.feedback

We have to be ready as government, the Bank of England has to be ready as monetary authority, throughout that period to respond to any instability created by that uncertainty and to ensure that the economy continues to operate smoothly.feedback

It's right at the top of the agenda here at the G20. It's a new factor affecting the global economic outlook and it has increased the uncertainty which the world economy faces.feedback

The newly established fintech bridge between the UK and the Republic of Korea is an important step for one of this country's most exciting industries.feedback

Exactly what that framework looks like will depend on the state of the economy at the time of the Autumn (budget) statement. The data that we see over the next three months or so will be crucially important in shaping our response.feedback

He would be prepared to use the next budget update, called the Autumn Statement, to help the economy in the event of a downturn. We will have the opportunity with our Autumn Statements ... to reset fiscal policy if we deem it necessary to do so in light of the data that will emerge over the coming months.feedback

These public finance figures highlight the underlying strength of the British economy.feedback

We want to send a very powerful signal that we are open to investors who want to deploy their capital here, to use British talent to build world class companies and that is what SoftBank are proposing to do with ARM. And they have given us clear assurances about their commitment to the UK economy.feedback

The decision to vote for Brexit would mean Britain would leave the EU's tariff-free single market. The question is how we negotiate with the European Union not from the point of view of being members but from the point of view of being close neighbors and trade partners.feedback

We've now got the key players who will be involved in this decision-making process in place, and when the prime minister has finished making her appointments later today I am sure that we will sit down and start to talk about Britain's negotiating strategy and how we are going to take it forward.feedback

Markets do need signals of reassurance, they need to know that we will do whatever is necessary to keep the economy on track. We're working together across that referendum divide in the party to deliver the best possible deal for Britain. I think confidence will gradually begin to return and people will start to see the shape of the future that we're mapping out.feedback

What we did in 2010 was exactly the right approach for the challenges that faced the British economy then. But now we're entering a new phase in the story of the British economy with the decision to leave the European Union, our economy will change as we go forward in the future and it will require a different set of parameters to make a success.feedback

The number one challenge is to stabilize the economy, send signals of confidence about the future, the plans we have for the future, to the markets, to businesses, to international investors. Britain is open for business. We are not turning our back on the world.feedback

There has been a chilling effect. We have seen an effect in markets, we have seen business investment decisions being paused because businesses now want to take stock, want to understand how we will take forward our renegotiation with the EU, what our aspirations are for the future trading relationship between Britain and the European Union.feedback

For the moment we are not in a position to begin substantive negotiations immediately and therefore it would be unwise to start the process ticking by triggering Article 50. The government will have to acquire additional trade negotiation resources ... We will look to friendly governments to assist us, as well as seeking to hire the best resources available on the open market.feedback

I just wanted to say that my thoughts are with the family and friends of all those on board of the EgyptAir plane that is missing this afternoon. We know that there is a British passport holder on board, got onto the plane in Paris and we are providing support to the family. Obviously we are anxiously awaiting further news of what may have happened to this aircraft.feedback

Reports of the bombing of a refugee camp in Samarda this evening are horrifying. The Assad regime's contempt for efforts to restore the cessation of hostilities in Syria is clear for all to see.feedback

I urged China to accelerate its efforts to reduce levels of steel production.feedback

Right now we're trying to protect jobs and economic growth, and the measures that have been taken today have been designed to ensure that any increase in unemployment as a result of the economic slowdown is kept to the absolute minimum possible and to support economic growth through the next 18 months, two years, as we face this period of uncertainty as we negotiate our exit from the European Union.feedback

I want to make a clear distinction between everyday spending and investment in the kind of infrastructure that will raise Britain's growth potential in the future, because growing this economy, ensuring that we're creating the jobs and the economic wealth in the future is the way to secure Britain's future prosperity.feedback

We are aware of all these games aimed at making Turkey a country that shares a border with a terrorist organisation and we won't allow them.feedback

What we have seen over the last weeks is very disturbing evidence of coordination between Syrian Kurdish forces, the Syrian regime and the Russian air force which are making us distinctly uneasy about the Kurds' role in all of this.feedback

We urge the authorities in Hong Kong and Beijing to take the necessary steps to maintain confidence in the system and the sanctity of the rights, freedoms and values it upholds.feedback

The unexplained disappearance of five individuals associated with a Hong Kong bookstore and publishing house has raised questions in Hong Kong.feedback

I have spoken to my Japanese counterpart this morning and we are all focused on looking at additional economic sanctions that could be applied against North Korea.feedback

North Korea rocket launch clear violation of U.N. Security Council resolutions.feedback

Russia cannot continue to sit at the table as a sponsor of a political process and at the same time be bombing the civilian areas of the groups of people that we believe will form the backbone of the new Syria once Assad is gone.feedback

Until a couple of months ago there was a steady trickle of people returning to their homes in Syria from this camp despite what's going on in the country. But that has now stopped and a new tide of refugees is heading in this direction because of the Russian bombing.feedback

It's an essential part of the settlement in Hong Kong that it has its own judicial system and it is solely responsible for trying offences that occur in Hong Kong.feedback

The test "underlines the very real threat that North Korea represents to regional and international security.feedback

We will have arrangements in place to bring people home safely at the end of their holidays. There is no need for people to leave ahead of schedule. We will not allow any UK-bound aircraft to take off from Sharm el-Sheikh until we are absolutely certain that it is safe for it to do so.feedback

We have concluded that there is a significant possibility that the crash was caused by an explosive device on board the aircraft.feedback

An entire generation of British voters has been denied the chance to have a say on our relationship with the European Union, and Mr Speaker, today, we are putting that right.feedback

There is something deeply wrong at the heart of FIFA, and international football needs to reform, needs to get its act together.feedback

(The) Russian incursion into Turkish airspace raises stakes in what is already a high risk situation.feedback

That is simply unacceptable. If this failure continues, make no mistake, there will be further consequences, including consequences that would place added strains on Russia's already troubled economy.feedback

We are determined to do what is necessary to keep Europe safe from the terrorist threat.feedback

Well it's a disappointment but as you say, there has been momentum and there has been good will on both sides and the atmospherics are positive. So the decision we've taken today is to extend the joint plan of action, the freeze on Iran's activity and the access that Iran has to some of its frozen assets for a period of seven months, to the end of June (2015), and to use that time to keep the foot on the gas, to keep going with these discussions.feedback

We're all focused on trying to get a deal but I wouldn't want to give any false hopes here. We're still quite a long way apart and there are some very tough and complex issues to deal with but we're all focused on trying to get a deal done.feedback

We are all determined to make some progress, but these are very difficult and technically complex matters.feedback

It is not just a problem for Iraq or Syria or even for the region, it is a problem for us here in the UK, in Europe, in North America, because these people, if they can establish this ISIL caliphate as they call it, in Iraq and Syria, will use it as a base to launch attacks on western interests and indeed western countries.feedback

If there is no change at all in the way Europe is governed, no change in the balance of competences between the nation states and the European Union, no resolution of the challenge of how the Eurozone can succeed and coexist, that is not a Europe that can work for Britain in the future, so there must be change, there must be renegotiation.feedback

This is not about Russia and the West, it's about the entire international community demanding that proper access to this site is made available, that the victims' bodies are properly recovered and that the evidence is secured. Russia has a key role to play in that through its influence on the separatists. And the world's eyes will be on Russia to see that she delivers on her obligations over the next few hours.feedback

I think it reminds us how vulnerable we all are. But it also reminds us, by the response of the public, that we are not going to be cowed by this kind of terrorist action.feedback

It would have needed to be able to operate as a commercial company, free of undue control or influence by any single government. And that's something that the company evidently has decided it's not able to achieve.feedback

Military hardware will be used, we'll be deploying helicopters, we'll be deploying Typhoon fighters to defend London's airspace, we'll be deploying ground to air missile systems. So the military will be using it's full range of equipment to keep London safe during the Olympics.feedback

There has been a major weather event across Western Europe. Gatwick airport is closed because of the sheer volume of snow that is falling. A hundred thousand tonnes of snow have been cleared at Gatwick from the runway and the taxiways over the last 24 hours, but it is still not possible to open the runway safely.feedback

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