Coalfield Communities
Debate between Lord Redwood and Matt Hancock(11 years, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text
Matthew Hancock
I shall come on to how best to support communities that used to have a large coal mining presence. In Yorkshire, unemployment has fallen by 30% over the past four years, going by the claimant count. That demonstrates that having a long-term economic plan is the best way to help communities get through these difficult times.
The transition of an economy that was dominated by outdated heavy industry into a modern service-based economy was necessary, and it has formed the basis of the nation’s current prosperity. That is not much disputed these days.
Mr John Redwood (Wokingham) (Con)
The Minister is making an excellent speech. The shadow Minister said that the Government considered using the Army in the dispute. May I reassure my right hon. Friend that when I advised the then Prime Minister that the Army should on no account be involved in the dispute, she said, “Of course it won’t be” ? And it was not.
Matthew Hancock
The fact is that the Army was not used in the dispute. None the less, the dispute was a serious consideration in respect of energy security in this country, so it is no wonder that the questions about how to deal with it were broad, especially given the political nature of those attacking the Government. That is entirely understandable. Nevertheless, the dispute was dealt with in a way that did not involve putting the Army on the streets.
Start-up Loans
Debate between Lord Redwood and Matt Hancock(12 years, 2 months ago)
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Mr John Redwood (Wokingham) (Con)
As we wish to spread the news to constituents, what is the typical interest rate for loans and the average duration of them?
Matthew Hancock
The interest is typically 6% and the average duration is up to five years, but those matters are of course also dependent on the proposition that is made. So far, in the year and a bit that the scheme has been going, the amount paid back has been pretty strong.