Economy: Manufacturing
Debate between Lord Bishop of St Albans and Viscount Younger of Leckie
Viscount Younger of Leckie
The noble Lord makes a good point. It is true that we are behind France and Germany in this aspect, but we are taking several actions, particularly with our catapult programme and the EPSRC—the Engineering and Physical Science Research Council—which will lead us forward and enable us to compete in markets. It is essential that we do this.
The Lord Bishop of St Albans
My Lords, I am sure we all want to encourage a much more robust manufacturing base in this country. An article in the Economist last week pointed out that, unlike the rest of the country, the north-east and south-west regions still saw an increase in unemployment up to the year ending November 2013. There are huge problems at the moment in the south-west, which was already facing a downturn in its tourist industry and now has floods and difficulties with trains. Is there anything the Government can do to encourage a more long-term, stronger economic and, indeed, manufacturing base in the south-west of England?
Viscount Younger of Leckie
Our industrial strategy focuses on the whole country. I note the right reverend Prelate’s point about the south-west where they are suffering so terribly from the floods. The industrial strategy has five main strands which are bearing fruit, particularly in places such as Liverpool and Tyneside, and the south-west is just as important.