Oral Answers to Questions

Debate between Lord Bellingham and George Osborne

Tuesday 27th January 2015 Commons Chamber

[Mr George Osborne]

This Government do not target a particular exchange rate. Successive previous Governments found to their cost that doing so was difficult and damaging. What we do is ensure that Britain is competitive. I think the best thing to do to support exports is to make sure that our British businesses are taxed in a competitive way; they have great skilled work forces working for them—[Interruption.] They are chuntering away on the Opposition Front Bench. I seem to remember that when the Labour leader was asked recently when Britain would join the euro, he said it depended on how long he was the Labour leader. It is still official policy to join the euro and tie the currency up to the eurozone—with all the ensuing chaos that would follow.

[Mr Henry Bellingham (North West Norfolk) (Con)]

Is the Chancellor aware that since 2010 unemployment in my constituency is down by a staggering 1,000? What assessment has he made of the role of small business start-ups in reducing unemployment?

[Mr Osborne]

Small business start-ups have been central to job creation. We have helped them with the employment allowance and the enterprise investment scheme, and we have given the new enterprise allowance to young unemployed people to help them to start businesses—and that has been a great success. We have in place many initiatives to back our brilliant small businesses in Norfolk and across the country.

Oral Answers to Questions

Debate between Lord Bellingham and George Osborne

Tuesday 2nd September 2014 Commons Chamber

[Mr Henry Bellingham (North West Norfolk) (Con)]

T7. Is the Chancellor aware that unemployment in my constituency has fallen by nearly 700 since July last year, thus giving new hope to many families? Will he tell the House how the UK’s job creation record compares with other G20 countries?

[Mr Osborne]

The answer is that it compares very well. There has been a much faster rate of job creation in the United Kingdom than in the rest of Europe, for example, which I suggest is because we have instilled confidence in our ability to pay our way in the world through our difficult but necessary deficit reduction plan. We have helped businesses to employ extra people through the employment allowance and other tax changes, and we have created a more entrepreneurial economy, so that people who were out of work when this Government came to office got a chance of being in work, with all the security and opportunity that brings.

The Economy and Living Standards

Debate between Lord Bellingham and George Osborne

Thursday 12th June 2014 Commons Chamber

[Mr Osborne]

I will give way to my hon. Friend the Member for North West Norfolk (Mr Bellingham) and then make some progress.

[Mr Bellingham]

Earlier my right hon. Friend mentioned Charles Clarke, who knows quite a lot about what is happening in Norfolk and will be aware that unemployment in my constituency has fallen by 660 over the last year. That is 660 families with jobs, a wage packet and hope for the future. Is my right hon. Friend aware that the vast majority of those jobs are either full time or in self-employment?

[Mr Osborne]

My hon. Friend is absolutely right: there has been a remarkable jobs story in Norfolk as well, supported by the economic investment we are putting into new roads in the county. I have spoken to the chamber of commerce there and seen its ideas for attracting more investment into King’s Lynn and other key centres, and I congratulate my hon. Friend on all he is doing to back business there.