Coalfield Communities

Debate between Lord Beamish and Matt Hancock

Tuesday 28th October 2014 Commons Chamber

[Matthew Hancock]

I could not have put it better myself. As a Minister in this Government I am incredibly proud of the fact that youth unemployment is falling sharply. It is happening throughout the country, whether in the coalfields or in areas where there was no coal mining, and that is because we have a long-term economic plan. The biggest risk to those young people who have jobs now, but did not have them four years ago, would be a Labour Government.

[Mr Kevan Jones]

My figures are on page 23 of the Minister’s file, if he would like to look. He quotes figures, but does he realise that the jobs being created in coalfield communities—in County Durham, for example—are low paid, part time and insecure? The scandalous thing that I came across in my constituency last week is that some young people are not in any figures at all. They have opted out of the system. They are working in the black economy, which is clearly having an effect on the EU rebate. That is what is happening on the ground. The Minister can quote as many figures as he likes, but—

Tata Steel

Debate between Lord Beamish and Matt Hancock

Thursday 16th October 2014 Commons Chamber

[Matthew Hancock]

Our job is to support the industry in whatever commercial decisions it makes. Arguably, the UK is better placed for the high-end, high-quality, specialised steel making, but let us remember that Redcar brought back high-volume steel making to the UK, so I do not want to cut off any of these options; I want to support the development of all.

[Mr Kevan Jones (North Durham) (Lab)]

Those working in the steel industry in the north-east and elsewhere, and their families, will be increasingly worried by the pathetic laissez-faire attitude of the Minister. They want to know what he will do to support and protect the steel industry and the livelihoods it sustains in this country. In particular, on the point raised by my hon. Friend the Member for Middlesbrough (Andy McDonald), what protection will he give those families to ensure, for example, that their pension funds will not be raided by vulture capitalists?

[Matthew Hancock]

When Labour was in office, there was no industrial strategy, but there is now, and clear action is being taken to support businesses, as demonstrated by the increase in outputs. In 1997, steel production was 18 million tonnes; it fell by almost a half to 10 million tonnes, but is now up to 12 million tonnes, which shows that we are determined to support the UK steel industry.

Finance Bill

Debate between Lord Beamish and Matt Hancock

Monday 12th July 2010 Commons Chamber

[Matthew Hancock]

I thank the hon. Gentleman for inviting me to intervene. He has just admitted something that the hon. Member for Nottingham East (Chris Leslie) could not deny, but did not admit. After this Budget, because of the banking levy, the banks will be paying more tax relative to other sectors of the economy, and that is stated on page 26 of the Red Book. I am very grateful for that important admission.

[Mr Jones]

No, I am sorry, we do not admit that. I am not sure what point the hon. Gentleman is trying to make or whether when he went into the general election in May, he had on his election leaflets, “Yes, we will be tough on banks for the rhetoric in the lead-up to the election, but if we get into power we will do a con trick where we take the money with one hand and gave it back with the other.” If, as the hon. Member for St Ives said, we do not know what the figures are, that makes it worse. We are asking the public to take severe cuts in public services and higher taxation, while at the same time the people who are still being paid high bonuses will get money back. That was reflected in a comment made earlier about the increase in bank share prices that took place once the Budget had been announced.