Debate on the Address
Debate between Chris Bryant and Virginia Crosbie(2 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Prime Minister
No, thank you.
We will establish a new UK infrastructure bank headquartered in Leeds, with £40 billion to invest as part of the greatest renewal of British national infrastructure since the Victorian age. We will ensure that the British people derive maximum benefit from the £300 billion of their money that the Government spend every year on public procurement by creating a wholly new system, consolidating 350 separate regulations into one regime, so that public investment can be even more effective as an instrument for levelling up the country.
We will use the sovereignty that we regain from the European Union to establish at least eight freeports, including in Teesside. Now that we are free of EU state aid rules, the Queen’s Speech proposes a new national subsidy system—
