All 1 Debates between Lord Hammond of Runnymede and Laura Pidcock

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Debate between Lord Hammond of Runnymede and Laura Pidcock
Tuesday 22nd May 2018

(6 years, 7 months ago)

Commons Chamber
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Laura Pidcock Portrait Laura Pidcock (North West Durham) (Lab)
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T9. Contrary to the out-of-touch outlook presented by the hon. Member for Brigg and Goole (Andrew Percy), Eurostat figures show regional inequality in the UK, measured in output per hour, to be the worst in Europe. There is a massive disparity across England, with households in the south-east, the richest area of the UK, having more than double the wealth of those in the north-east, where my constituency is. When will the Treasury finally act to meaningfully tackle this ongoing injustice?

Lord Hammond of Runnymede Portrait Mr Philip Hammond
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The hon. Lady focuses rightly on output per hour. The problem is a productivity gap between the regions of the UK and the most prosperous areas of London. We have to close that productivity gap. That is in the interest of not only those individual regions, but our overall national economy. We will do so by investing in public infrastructure and in skills, and by ensuring that the conditions are right for business investment, both domestic and foreign.