Andrew Stephenson
Main Page: Andrew Stephenson (Conservative - Pendle)Department Debates - View all Andrew Stephenson's debates with the HM Treasury
(11 years, 9 months ago)
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
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Mr Osborne
That question rather reveals Labour Members’ confusion today. They cannot decide whether this credit rating decision matters or not. What I am saying is that we have to have the credibility to show the world that we can pay our way, and that is precisely what we are doing.
Andrew Stephenson (Pendle) (Con)
Despite the bluster of the Labour party, in Pendle we have seen a 106% increase in apprenticeships, and unemployment fell again last month—it is now down to just 4.8%. I urge my right hon. Friend to stick to the course that he has set, because following the shadow Chancellor’s plans for £200 billion of extra borrowing would be an absolute disaster for manufacturers in the north of England.
Mr Osborne
My hon. Friend is absolutely right. In Nelson, Barnoldswick and places he represents, there are successful small and medium-sized businesses, as well as large firms such as Rolls-Royce, which are exporting more. We are supporting them with lower business taxes and helping them with vital economic infrastructure. We have to go on supporting those businesses, as he does, because they are the backbone of this country, and they will provide the secure and stable economy that we need in the future.