Oral Answers to Questions
Debate between Geoffrey Clifton-Brown and Mark Prisk(13 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Prisk
As I told the hon. Member for Glasgow North East (Mr Bain) earlier, the net balance is that manufacturing will be £250 million better off. That is the point. The right hon. Gentleman refers to the annual investment allowances but, even after these reforms take effect, the vast majority of businesses—over 90%—will still have all their investment costs covered by the Association of International Accountants. The key point is that the record of the Labour party is one in which manufacturing investment declined in 10 years of 11. We are changing that environment by taking the long-term approach. Is the hon. Gentleman proud of his record of investment down and jobs cut? Is he proud of that?
Geoffrey Clifton-Brown (The Cotswolds) (Con)
5. What the eligibility criteria will be for further education colleges for funding from the recently announced renewal and enhanced renewal grant schemes.