G20 Summit

Lord Hollick Excerpts

Monday 25th June 2012 Lords Chamber

[Lord Strathclyde]

Yes, my Lords. Certainly, on the first question, my right honourable friend the Prime Minister made a point on the future of the Falklands which he has made continually, which I know the whole House will agree with. We do not see that this question should be put into any doubt whatever. We have made the proposal that there should be a referendum. We believe wholeheartedly in self-determination. That is the right way forward and we encourage the people of Argentina and its Government to agree with us on this vital matter.

I can also confirm that my right honourable friend had a further meeting with Mexico, and an inward investment meeting of British businesspeople in Mexico. It was extremely successful and useful, and showed again this Government’s firm desire to demonstrate our need to grow our economy through exports.

[Lord Hollick]

The Leader of the House will recall that the verdict of the Office of Budget Responsibility on all of the growth measures announced by the Government is that they will have no impact. Now that the Prime Minister has signed up to the growth plan for the G20, when will the Government bring forward measures to give that some substance?

[Lord Strathclyde]

My Lords, the Government are continually bringing forward all sorts of plans and prospects—not least the speech my right honourable friend the Chancellor of the Exchequer made at the Bank of England only 10 days ago, where he made a specific commitment to try to improve liquidity of the banks, so as to increase lending, which will also lead to growth.