(4 years, 10 months ago)
Lords ChamberThe noble Lord is right, and that is exactly what we are doing. We have announced the £3.6 billion towns fund, which will support an initial 100 town deals across England. We also have the future high streets fund, for which £1 billion of the towns fund has been made available. We are looking north and directing funding into the areas where it matters, directed by the wishes of local people.
My Lords, 90% of the economy goes by road. The A1, the main road from London to Edinburgh, is not even dualled. The A69 over the Pennines is a constant brake on the movement of transport. If we want to get the north of England moving, we must improve the road system as well as the rail system.
My noble friend is right. Again, there are several announcements coming out on transport. There was the announcement on HS2 this week, and we now have a new national bus strategy. On his point about roads, I remember answering a Question on the A1. It is very much on the radar, and I will write to my noble friend with the details of the A1 and the new road that is going to be built towards Carlisle.
(7 years, 10 months ago)
Lords ChamberI applaud the persistence of the noble Lord in raising over many years the issue of upgrading the A1 up to what I believe is his old constituency in Berwick. I reassure him that it is very much part of the plan to dual the road right up to the border, but he will be aware that these road plans can be very complicated and need to be done in stages. This programme will start in 2020 and is due to be completed on time and on budget by 2023.
My Lords, the upgrading of the A1 would have a hugely beneficial effect on bringing about the northern powerhouse, which we are all keen to happen. But equally the A69, which is the link road between Carlisle and Newcastle, is appalling as it goes down to 16 feet wide at Warwick Bridge. If that road was improved, a huge amount of the Scottish and Irish traffic currently going further down the country would cross over to Newcastle, revitalising the port there and bringing real additional prosperity to the city, just as the A1 does to the area. I hope that this upgrade will also be considered a high priority.
My noble friend makes a good point. Of course we are talking about the A1, but this is all part of the new interconnectivity up in the north and the north-east. We are bringing forward junction improvements on the A69 which should be complete by 2020. Every key junction on the A69 between Hexham and the A1 at Newcastle will be grade separated.
The first thing is to establish exactly what the losses are, which could include a range of things. Hopefully, by February—next month—we will know what the situation is in terms of Volkswagen’s statement.
My Lords, what Volkswagen did was entirely reprehensible, but there is a technical development here that raises a problem. At the present level of technology, the more you screw down car pollution to lower levels, the more fuel you consume, and there is a very fine balance between the two. I hope any legislation will bear in mind that there is a technical consideration here and that the one balances the other. We could easily find that you produce more pollution rather than less by increasing consumption.
To ask Her Majesty’s Government what steps they are taking to correct the United Kingdom’s trade imbalance, and in particular with the European Union, by encouraging import substitution with a view to repatriating those jobs currently created overseas.
Trade and investment are essential to returning the UK economy to balanced and sustainable growth. This Government have focused efforts on creating an attractive business environment in the UK, increasing support for UK firms to grow through exporting and introducing a new service supporting UK businesses to bring jobs back to the UK. Our actions will help UK businesses to compete across the globe, including in Europe and the high-growth market.
I thank the Minister for his very sagacious reply. Does he agree that, as mentioned in today’s Budget, we cannot go on borrowing abroad indefinitely to fund our huge trade imbalances, not least our £88 billion deficit with the EU last year? Currently, our exports are made even less competitive by an ever rising pound which then subsidises the import of goods, many of which we could perfectly well make here at home. Does he agree that, as a trading nation, we cannot ignore our exchange rate and that, by getting this down, we would bring home hundreds of thousands of jobs that our borrowings are creating overseas, reduce our indebtedness and help exports? Is this not a virtuous circle to be recommended as the best way of reducing unemployment and balancing our books?