Oral Answers to Questions

Diana Johnson Excerpts

Thursday 14th July 2011 Commons Chamber

[Vince Cable]

The starting point of the hon. Lady’s question is absolutely right, and I congratulate her on the effective pressure she brings to bear on the issue. Her central point is that having more women on boards has nothing to do with political correctness; it is about sensible economics, good business and tapping into the potential that women can bring. The force of her argument is reinforced by the statement made at the beginning of the week by leading institutional investors that they will punish companies that do not make progress in this area. I will certainly receive her CV for the green investment bank if that is what she has in mind.

[Diana Johnson (Kingston upon Hull North) (Lab)]

15. What recent assessment he has made of the state of the construction industry.

[The Minister of State, Department for Business, Innovation and Skills (Mr Mark Prisk)]

For three years now, construction has faced very tough times after one of the sharpest recessions ever, but there are encouraging signs. Output in May rose by 0.4%, with increases in new work for most of the construction subsectors. We have published the national infrastructure plan, for the first time in this country, with £200 billion of investment over the next five years.

[Diana Johnson]

The purchasing managers index for construction shows that in June employment in the UK construction industry fell at its fastest rate since January’s VAT rise, and cuts in social housing investment, particularly in areas such as mine in Hull, are not helping. Would not a temporary VAT cut help to protect these skilled construction jobs at this difficult time?

[Mr Prisk]

I am fascinated to see this re-presented to the House. As I recall, when the opportunity came for Labour Members to vote on it, they ducked it—they abstained. It is a shame that they do not have the courage of their convictions.