Derek Twigg
Main Page: Derek Twigg (Labour - Halton)Department Debates - View all Derek Twigg's debates with the HM Treasury
(13 years, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
As my hon. Friend is my local MP, I had better agree with him. His predecessor—people will remember the former Member for Macclesfield—was passionate about supporting manufacturing and I am glad that the torch has been passed to a new generation there. My hon. Friend is right. We need to see a private sector recovery and we need to see growth and investment in the north-west of England. We want to get away from the economy that we have seen over the past 10 years, where all the growth was focused on one sector and where, from memory, for every 10 jobs created in the south-east of England by the private sector one job was created in the midlands and the north. That is not a sustainable economic model.
Derek Twigg (Halton) (Lab)
I was grateful to hear the announcement from the Chancellor about the Mersey Gateway, which has all-party support. However, he knows that it must have funding to ensure that it can go ahead. Will he set out today, given that he is a local MP, what funding is allocated for the Mersey Gateway project?
Mr Osborne
I do not have the exact number to hand, but I shall give it to the hon. Gentleman this afternoon. We are funding the project as it was set out. I know the chief executive of Halton borough council because he used to be the chief executive of my local borough council. I have discussed it with him and I hope to have further discussions to ensure that the bridge is built and that the private investment linked to the bridge comes in. I shall give the hon. Gentleman the exact number later today.