Oral Answers to Questions

Debate between Alison McGovern and Mark Simmonds

Tuesday 17th June 2014 Commons Chamber

[Mark Simmonds]

My hon. Friend raises an important part of resolving the challenges that northern Nigeria faces. That is why, the week after I went to Abuja to discuss with President Jonathan how the UK could be of assistance, I went to Cameroon to meet the Cameroon Government and assist them in continuing to strengthen our security co-operation. At the London meeting, we maintained the regional momentum by committing to implement a regional intelligence fusion unit and multinational taskforce patrols, as well as considering further focus on development, particularly empowering women and girls.

[Alison McGovern (Wirral South) (Lab)]

As other hon. Members have said, this is an important subject. May I press the Minister on regional co-ordination? Is he planning to speak further to other countries in the region? How can the UK make sure that all the partners are focused on the very significant challenges?

[Mark Simmonds]

The hon. Lady is absolutely right to refocus on the importance of regional co-operation. At the meeting in the fringes of the end sexual violence in conflict conference last week, the Nigerian Foreign Minister as well as regional Foreign Ministers, including the Chadians and Nigerians, as well as representatives from multilateral institutions such as the African Union and the United Nations were all present to make sure that the thinking, the progress and the focus was all joined up—particularly on important regional issues such as shoring up the borders.

Finance (No. 2) Bill

Debate between Alison McGovern and Mark Simmonds

Monday 11th October 2010 Commons Chamber

[Alison McGovern]

How will that increased confidence play out in different regions where—for the right reasons, because work is cheaper in such areas—public sector jobs are now focused? How does public confidence work in an area where a high number of public sector workers face redundancy?

[Mark Simmonds]

The hon. Lady makes a fair point, and I should say two or three things. First, the national insurance changes that the coalition Government have made will make it better and easier for employers to take on new employees in the private sector. Secondly, the Treasury is working on the regional fund to address the difficulties that are faced in some regions, which, I would argue, are over-dependent on public sector jobs, so that people can move into the private sector quicker than would otherwise be the case.

The second element of the expansionary fiscal contraction is to encourage business to invest, and I do not agree with the fundamental argument of the shadow Treasury spokesperson. There is a direct inverse correlation between Government borrowing and business investment, which means that when Government borrowing declines business investment goes up, and vice versa. That would be especially true if it were supported by expansionary monetary policy, which it is and, I hope, will be for the foreseeable future.

Opposition Members may say, “That all sounds very well theoretically, but has it ever happened in practice?” The simple answer is, yes. It has happened twice in recent times—not only in the early 1980s, when the then Chancellor of the Exchequer, Geoffrey Howe, reduced public expenditure and interest rates and, therefore, stimulated economic growth, but—