Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

George Freeman Excerpts
Tuesday 6th November 2012

(11 years, 6 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Order. The shadow Chancellor is perfectly free to decide not to speak when he is on his feet, but that does not mean that instead he can speak from his seat.

George Freeman Portrait George Freeman (Mid Norfolk) (Con)
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On behalf of my constituents, I welcome the news that the economy has returned to growth, and I draw the Minister’s attention to the success in the life sciences sector. Eli Lilly has announced a new early-stage neuroscience facility in the UK, Johnson and Johnson has made Britain the home of its new global innovation centre, and more than £1 billion has been raised this year in early stage funds. Is that not the only sustainable route to a really balanced recovery?

Sajid Javid Portrait Sajid Javid
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My hon. Friend is absolutely right. The only sustainable growth is long-term growth in private sector jobs.