(8 years, 12 months ago)
Commons Chamber1. What steps she is taking to ensure that the Northern Ireland Executive’s financial position is sustainable.
9. What steps she is taking to ensure that the Northern Ireland Executive’s financial position is sustainable.
It is for the Executive to deliver a balanced budget and sustainable finances. The Stormont House agreement and last week’s fresh start agreement set out a range of measures to help them deliver that. These include implementation of welfare reform, measures to improve efficiency in the public sector and a new independent fiscal council for Northern Ireland.
I am confident about those matters. Earlier this week, the House passed the welfare reform proposals needed to apply welfare reform in Northern Ireland, which will make a huge difference to financial sustainability, and which also made progress in the House of Lords yesterday.
Given that the Conservative party has come late in the day to the merits of devolution, what assessment has the Secretary of State made of devolving income tax to the Northern Ireland Executive as a means of putting them on a sure financial footing?
The Conservative party is a strong supporter of devolution. Previous agreements with the Northern Ireland Executive make it clear that we are open to considering the devolution of further tax powers, but the Executive’s highest priority is the devolution of corporation tax, which we hope to press ahead with as soon as the Stormont House agreement conditions on financial sustainability are met.
(10 years ago)
Commons ChamberI am certainly prepared to look at whatever findings that body comes up with. I was slightly surprised to see that Deirdre Heenan had tweeted that Labour did not have any policies, which I thought was quite an unusual start to the commission’s work. It is important to recognise that in this country we have had the largest annual fall in unemployment since records began. In Northern Ireland, the claimant count has fallen for 21 consecutive months. That is providing more peace of mind and security for thousands of people in Northern Ireland and it is the result of the Government’s long-term economic plan.
4. What steps she is taking to tackle youth unemployment in Northern Ireland.
The October labour market survey reports that the unemployment rate in Northern Ireland for 18 to 24-year-olds has come down 4.2 percentage points over the year. The Government’s policy of reducing the largest structural deficit in UK peacetime history is delivering a sustainable economic recovery and assisting young people into employment.
As the Secretary of State will know, youth unemployment is still stubbornly high in Northern Ireland. Jobs Growth Wales has created 12,000 opportunities for young people living in Wales. Has she had the chance to study the programme with the Executive, with the hope of adopting it?
The Government are working hard to support a balanced economic recovery right across the United Kingdom. We welcome the fact that the UK economy is now growing faster than any major developed economy and that we have seen record falls in unemployment. We will continue to work hard on reducing the deficit, keeping mortgage rates low and reducing business taxes to encourage employers to take on more people in the workplace, particularly young people.
(10 years, 8 months ago)
Commons ChamberI am very much aware of the very serious implications this case has, and they have also been conveyed to me by the First Minister, whom I look forward to meeting this evening to discuss this matter with.
As I announced yesterday, the Northern Ireland Office, along with the PSNI, is undertaking an urgent check of all letters that were issued under the scheme to establish whether any further mistakes were made that could lead to the same outcome that was witnessed in relation to the Downey case. It is also vital that we get to the bottom of why such a very serious mistake was made within the PSNI and why the PSNI did not draw it to the attention of the Northern Ireland Office, and of course I will be discussing this matter with David Ford and the First Minister.
2. What assessment she has made of the effects of the reduction in public sector jobs in Northern Ireland.
The long-term sustainable answer for the Northern Ireland economy must be a private sector revival. There have been significant labour market improvements over the last year and private sector jobs are up by more than 10,000 from the beginning of 2012.
I thank the Minister for that response. Ireland, like Wales, has traditionally been reliant on public sector jobs. It is estimated that 26,000 public sector jobs in Northern Ireland will be lost by 2017, so has the Secretary of State had a chance to study the active industrial policy of Wales, which in the last week has seen jobs attracted to Pinewood studios in Wentloog and to General Dynamics UK in Oakdale in my constituency?
Actually, I have not studied the experience of Wales, although, as the hon. Gentleman will know, my family comes from his constituency. However, through the Northern Ireland Executive, we have agreed the economic pact, which understands the need to rebalance the Northern Ireland economy further towards private sector involvement and less towards public sector employment. For instance, in terms of Pinewood studios we have got a rather interesting programme called—what is it called?
(10 years, 10 months ago)
Commons ChamberI have visited the Open university at Milton Keynes. It is an extremely impressive organisation that is also leading a very important export drive for our universities. I congratulate Milton Keynes on its representation on the smart cities forum and on what the Open university is doing. There are many opportunities for Milton Keynes, not least those provided by HS2, and I look forward to discussing them with my hon. Friend in future.
Q9. Constituents tell me all the time that they cannot afford food, cannot afford to keep warm in winter and cannot afford to put petrol in their cars to go to work, all because their wages are not going far enough. Does the Prime Minister finally accept that the cost of living is stretching families in Islwyn and constituencies such as mine to breaking point?
I totally accept that we are still recovering from the great recession that took £3,000 out of the typical family’s income, but what we are seeing now is more people in work, including in Wales. We are seeing real wages starting to rise, and I think that we can be confident. Yes, it is difficult; yes, it is still hard work; but our economy is growing, and we want that to be a recovery for everyone in our country.
(13 years, 4 months ago)
Commons ChamberI am grateful to the Chairman of the Northern Ireland Affairs Committee. The police are conducting a review and a serious investigation into the disturbances last week, and it would be wrong to pre-empt what they discover. However, once we have the information from the police, we will make further decisions.
2. What assessment he has made of the effects on the service sector in Northern Ireland of reductions in Government spending.
Tackling the deficit remains the Government’s biggest priority, and Northern Ireland has its part to play in achieving that outcome. My right hon. Friend the Secretary of State and I are working closely with the Northern Ireland Executive to boost private sector growth and investment and to help rebalance the economy.
I am sure that the Minister will have seen that 59,500 people are signed on the dole in Northern Ireland. Whenever anyone losses their job, it is a tragedy for their family and causes hurt and pain. What are the Government going to do about it?
I welcome the hon. Gentleman’s interest in Northern Ireland, and I hope that it will continue. I hope also that he will join me in celebrating the jobs that the service sector in Northern Ireland has attracted. The New York stock exchange has attracted 400 new jobs; Citigroup financial services will attract 500 jobs over the next five years; and the law firm Allen and Overy has attracted 300 jobs in Belfast. To answer his question directly, I would say that Northern Ireland is a great place for the service industries. It is open and we want more investment, and I hope that he and his party will join us in making that happen.
(13 years, 8 months ago)
Commons ChamberThat was an ingenious question from my hon. Friend. I have to say that selling the gold was one of the many appalling decisions taken by the previous Government and was advised by the two people now responsible for their economic policy in opposition.
Q5. Why is poor performance still being rewarded in the banking industry with massive bonuses?
What we have done in the banking industry is make sure that it is paying a £2.5 billion banking levy, not as a one-off, but every single year during this Parliament, so under this Government, the taxes it pays will go up; the bonus levels have gone down; and the lending to small businesses—and large businesses—will increase. The hon. Gentleman should welcome that approach.