Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Chi Onwurah Excerpts
Tuesday 9th May 2023

(1 year, 2 months ago)

Commons Chamber
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John Glen Portrait John Glen
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I am always happy to meet my hon. Friend. I congratulate him on his leadership of his council candidates last week and the excellent result that he secured. Of course, we have invested in many coastal communities across the country, and we are keen to discuss the specifics of how the Government can support him as he drives that local constituency and economy forward.

Chi Onwurah Portrait Chi Onwurah (Newcastle upon Tyne Central) (Lab)
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T4. Today, manufacturing body Make UK warned the Government that, to tackle regional inequalities and compete on a national stage, we need a national industrial strategy as a matter of urgency. Do Ministers recognise that the reason wages in the north-east are falling under the Tories is their lack of an industrial strategy and their failure to follow Labour’s example and commit to a modern industrial strategy that invests in the industries of the future and delivers good-quality jobs across our country?

John Glen Portrait John Glen
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No, I do not recognise that characterisation. What I recognise is that the Government are determined to see the economy grow. I see investment in investment zones focused in the hon. Lady’s region, working with the excellent universities that she is familiar with. I see a Government who are putting £100 million into the foundation model taskforce, £900 million to invest in a supercomputer to fund AI, a quantum strategy that is generally seen as world leading, as well as £160 million of investment in the tech sector. So this is a Government who are committed to the growth industries of the future.