(11 years, 9 months ago)
Commons ChamberWe will do just that and I congratulate the hon. Gentleman on his role in promoting local companies. I was in Leamington Spa recently to meet some video game companies that have started up and he has played a useful role in promoting all that. Last year, encouraged by the overall improvement in the business climate, half a million new companies were established in this country, which is a major indication of the growth of entrepreneurial commitment.
The Secretary of State will be aware that with the number of university and college places falling and youth unemployment increasing, now, more than ever, we should be encouraging young people to set up their own businesses. Will the Secretary of State be willing to come and visit the Entrepreneurial-Spark scheme in my constituency and see the innovative ways in which Glasgow is helping to encourage young business people to come forward in the city?
As the hon. Gentleman knows, I take a particularly close interest in positive news in Glasgow and I would be happy to come and see that project. Suffice it to say that there is a new start-up loan scheme for young entrepreneurs, of which large numbers of young people are taking advantage. I am delighted to see that it is happening in Glasgow, too.
Ernst and Young’s latest survey found that only 8% of renewable energy professionals said that they were optimistic that the Government would establish the conditions for success in the next 12 months and that only 14% of those surveyed expected significant growth and new jobs, which is a decrease from last November’s figure of 65%. Is it not clear that the Government are undermining confidence in growth in this important sector and are costing real jobs at a difficult time for our economy?
The renewable energy sector will, of course, be given confidence and clarity as a result of the electricity market review, which my colleague the Secretary of State for Energy and Climate Change launched this week, and it will be given further confidence by the investments of the green investment bank, which will take shape in the coming months.
(13 years, 10 months ago)
Commons ChamberWhat an incredible transformation the Business Secretary has made from a Labour councillor in Glasgow to a Tory front-man in Westminster, with every principle dropped at the first sniff of power. Will he please detail what consultation process took place with the National Union of Students before reaching his own conclusions on the Browne report?
I fondly remember my days on the Glasgow city council, where we achieved much. I have met representatives from the National Union of Students on several occasions. We have consulted them and continue to do so. The NUS has some useful ideas, which will hopefully supplement our response to the Browne report. We shall continue to maintain a dialogue.
(13 years, 10 months ago)
Commons ChamberAnybody going into relatively low-paid employment, whether in a vocational approach to public service or in other ways, will be protected both by the £21,000 threshold and the system of variable interest rates. Many, many people in low-paid occupations will not be required to pay off any accumulated debt. It will be written off at the end of the period as a result of the progressive element built into the proposals.
As has been said, every single Lib Dem MP signed the pledge—and appeared in a photograph—to vote against any fees increase. The question is: what will they choose—power or principle?