Beth Winter
Main Page: Beth Winter (Labour - Cynon Valley)Department Debates - View all Beth Winter's debates with the Scotland Office
(8 months, 4 weeks ago)
Commons ChamberMy hon. Friend makes an excellent point. A year ago, not just the OBR but the Bank of England, the International Monetary Fund and the OECD were all predicting that we would fall into a recession this year, but thanks to the actions of this Government and this Chancellor, we have grown the economy. We saw that momentum carry on just in the past week with Nissan’s announcement of record investment in its new plant in Sunderland, safeguarding the future of thousands of jobs in the north-east and ensuring the transition to electric vehicles. We also saw it in the summit we hosted, which attracted £30 billion of new investment into the UK. As my hon. Friend said, crucially, that investment will support thousands and thousands of jobs in our country.
The UK Government are investing in Wales, with record investment in electrification of the north Wales line and record investment in communities up and down the country. It is important to recognise that just recently, the UK Government invested hundreds of millions of pounds to safeguard thousands of jobs at Tata Steel. The Welsh Government have had access to the largest set of Barnett consequentials on record over the past couple of years, and have the resources they need.