(13 years ago)
Commons Chamber6. What recent discussions she has had with ministerial colleagues on encouraging economic growth in Wales.
Economic growth is a key priority for this Government and I have regular discussions with ministerial colleagues on ways to encourage economic growth in Wales. Yesterday I met the business advisory group and heard directly from members how this Government’s growth policies are helping businesses in Wales to face the current economic challenges.
Does the Secretary of State agree that the fact that the recent Budget is taking 95,000 people out of tax altogether in Wales is a big boost for business in Wales, as more people will have greater spending power and find it worth their while to be in work?
I agree entirely with my hon. Friend. It must be very good for those people whom we have taken out of tax altogether and the lower paid workers who will benefit from our tax changes, because it will put money directly back in their pockets rather better than the Welsh Labour Government down in Cardiff Bay, under whose auspices council tax has doubled in Wales.
(13 years, 5 months ago)
Commons ChamberNow the hon. Gentleman is tempting me; I always like a good Welsh cake. He should know how much I encourage indigenous Welsh companies, not least by my continuous support of the Fast Growth 50, which celebrates indigenous companies and the way they grow the economy, but he must not do down inward investment. In 2010-2011, 38 inward investment projects led to the creation of 2,444 new jobs and safeguarded another 1,100 jobs in Wales. I think that is pretty important and certainly not second best.
9. What recent discussions she has had with ministerial colleagues on measures to stimulate economic growth in Wales.
(14 years ago)
Commons Chamber12. What progress has been made on the Government’s commitment to undertake a process similar to the Calman commission on devolution funding; and if she will make a statement.
Following the yes vote in the referendum on further powers, we have started to consider the scope and form of such a process. Now that the elections to the National Assembly have taken place I intend to discuss the process with other stakeholders and the First Minister. May I also take this opportunity while I am at the Dispatch Box to offer our congratulations to Carwyn Jones, who is currently considering forming the Welsh Assembly Government and has the largest party in the Welsh Assembly?
I thank my hon. Friend that question too, because he knows that we in the Wales Office have been concerned about cross-border issues and their impact on health in particular. I cannot guarantee that that will fall within the scope of the Calman-like process, but I assure him that I will take into consideration any representations that he or any other Member wishes to make to the Wales Office.
Does my right hon. Friend agree that reforming the thoroughly discredited Barnett formula to take a fair and transparent needs-based approach for the whole of the United Kingdom would help Wales and England?
The Government’s commitment to a wider review of the Barnett formula is clear, but stabilisation of the public finances comes first. I think we all recognise that the Barnett formula is coming to the end of its life, but we will consider a change to the system only once we have put the public finances in order. There was a good reason why the predecessor Government to this one made no changes to the Barnett formula in 13 years. It is not something that can be achieved in haste, only to be regretted at leisure.