(7 years, 9 months ago)
Commons ChamberMy ministerial colleagues and I were delighted to be able to take the opportunity to visit the beautiful county of Cumbria, and we are even happier now that Cumbria has another strong voice in the form of my hon. Friend the Member for Copeland (Trudy Harrison), a Conservative MP.
My hon. Friend the Member for Carlisle (John Stevenson) is right: Cumbria and the north-west have huge industrial potential. That is why we are getting on with delivering our investment plans throughout the country, including the north-west. Let me give the House some figures: £556 million has been allocated from the local growth fund to boost local productivity; and the north is getting £147 million to tackle congestion and improve local transport. However, it is our plan for Britain that will deliver that stronger, fairer economy and those higher-paid, higher-skilled jobs for people throughout the country.
I responded to that point earlier, but let me just reiterate what I said. Across the House, for many years, there has been a general acceptance that the current funding formula for schools is unfair, and that is why this Government are seeking a fairer formula. A consultation exercise is taking place, and the Department for Education will respond to it in due course. We are grasping this issue, whereas Labour did nothing for 13 years.
(7 years, 11 months ago)
Commons ChamberMy hon. Friend raises an important issue. He has long been a champion of entrepreneurship in this country, and I can tell him that in the industrial strategy we are committed to providing the best environment for business. The Treasury has established a patient capital review, for example, with a panel chaired by Sir Damon Buffini to look at the barriers that exist to long-term investment. We are also increasing investment in venture capital by the British Business Bank by £400 million, and that will unlock £1 billion of new finance. The Treasury is going to be publishing a consultation in the spring examining these issues, and I am sure my hon. Friend will wish to contribute and respond to that.
I am very happy to look at the tragic case that the hon. Lady describes. Our thoughts must be with Chris and Lydia at the terrible loss they experienced. As to the issue of what is happening in terms of the Greek criminal justice system, of course that is a matter for the Greek authorities, but I will look seriously at this case and see if there is anything that the Foreign Office can do.
(8 years, 3 months ago)
Commons ChamberThe hon. Gentleman is not going to get any different answer from me to the one that I have given on numerous occasions throughout this afternoon. I will simply say this: if we are going to negotiate the right deal for the United Kingdom on trade in goods and services, it would be quite wrong for this Government to give away all our negotiating position in advance of starting those negotiations.
As the Prime Minister knows, about 140,000 workers in the UK are employed by Japanese firms. My hon. Friend the Member for Stoke-on-Trent Central (Tristram Hunt) has mentioned Toyota, but Nissan, Honda and Hitachi all have large manufacturing bases that are vital to local economies and the supply chain. The Prime Minister knows that the huge uncertainty about our future relationship with the EU and the single market is creating difficulties. I want to provide her with another opportunity to say how, in her discussions with the Japanese and others, she tried to mitigate those risks to inward investment and jobs.
I am grateful to the hon. Lady, who reminds me that I did not fully answer the question from the hon. Member for Stoke-on-Trent Central (Tristram Hunt) who referred to the issue of Japanese firms. I was able to sit down and discuss these matters with Prime Minister Abe, and the outcome was a positive desire to take forward further discussions on how we can ensure that we are getting the best possible trading relationship with Japan, and that we can continue to see Japanese investment in the UK. I am pleased to say that the single biggest vote of confidence on investment in the United Kingdom since we had the vote to leave the European Union came, of course, from a Japanese company—from SoftBank with its £24 billion takeover of ARM.