Lord Barwell
Main Page: Lord Barwell (Conservative - Life peer)Department Debates - View all Lord Barwell's debates with the Cabinet Office
(11 years, 4 months ago)
Commons ChamberI agree that the creation of private sector jobs is absolutely key, particularly for those countries that have large budget deficits. We have seen the decline of public sector jobs, but perhaps three times as many private sector jobs have been created. To achieve that, we need to rebalance our economy and to trade more, so, particularly as the European Union is a low-growth area—or a no-growth area in terms of the eurozone—we must look for new trading partners. That is why we should be look at countries such as Kazakhstan, where we are the second largest investor but where trade volumes are quite low. That is why we need, as I have put it, to compete in the global race and forge partnerships with all of the fastest growing countries of the world.
The Leader of the Opposition rightly mentioned youth unemployment, which has fallen by 15% in my constituency since Labour left office. One way to drive it down further is to expand the single market, so I welcome what the Prime Minister said about accession negotiations with Serbia. Does he agree that the long-term aim should be an EU from the Atlantic to the Urals, but that if the EU is to include more diverse countries, it needs to change fundamentally?
I absolutely agree with what my hon. Friend says. Britain has always believed in a wider, looser Europe and it is that that we should be fighting for. As he says, if we want it to be that sort of Europe, it must make changes and must be more flexible. The countries in the eurozone will need greater integration, but if we are to be attractive to other countries as a European Union, we must be more flexible and competitive.