Autumn Statement
Debate between George Osborne and Gordon Birtwistle(10 years ago)
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Mr Osborne
I have long thought that there is a challenge in ensuring that commitments to reduce carbon are consistent with having a vibrant and successful steel industry and other energy-intensive industries. What we hear when we go to Port Talbot and elsewhere is a real concern that UK energy prices could be higher than they are on the rest of the continent of Europe if we adopt measures such as a decarbonisation target. That is why the Conservative party is not in favour of a decarbonisation target. Unfortunately, the Labour party is in favour of it and the steel industry might be one of the industries that will bear the cost.
Gordon Birtwistle (Burnley) (LD)
I congratulate the Chancellor on his plan to reduce the job tax on apprentices up to the age of 25. The country is obviously on the rise and manufacturing industry is booming, but we have a big problem with skills shortages. I am sure this measure will go a long, long way towards training young people to do the jobs of the future that this country will desperately need.
Mr Osborne
My hon. Friend has been a consistent champion of apprentices in Burnley and of the apprenticeship policy. He sends me and other colleagues in the Government a regular report of what is going on in Burnley and what more we can do to support apprentices. I am careful to make sure that I read that report each time it comes in. It is partly because people like him have been raising this issue with us that we have taken the big decision today to abolish the job tax when it comes to employing young apprentices. It is a major step forward in supporting apprentices and I think it will open the path to having 3 million apprentices in the next Parliament.
Economic Policy
Debate between George Osborne and Gordon Birtwistle(11 years, 9 months ago)
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Mr Osborne
What would be humiliating is if this country lost control of its economic destiny. The way we keep control of our economic destiny is deal with our debt, deal with the imbalances in our economy, and make sure that this country can pay its way in the world, and that is what this Government are doing.
Gordon Birtwistle (Burnley) (LD)
Does my right hon. Friend agree that the shadow Chancellor would himself get a triple A rating for his skill in running this country down? Does he also agree that the hard-working people of this country are getting—[Interruption.]
Autumn Statement
Debate between George Osborne and Gordon Birtwistle(12 years ago)
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Gordon Birtwistle (Burnley) (LD)
I congratulate the Chancellor on his decision on capital allowances, which I think will be a major boost for industry. Over the next 20 years, the aerospace industry across the world will invest between $6 trillion and $7 trillion on new aeroplanes. This country is the second biggest aerospace provider in the world, and this is twice the capacity we have now. Does the Chancellor agree that we must continue to invest in advanced manufacturing, particularly in aerospace, and that we should carry on trying to get young people involved?
Mr Osborne
I completely agree with my hon. Friend. I congratulate him on the work he has done to make the case for capital allowances to help small and medium-sized businesses in Lancashire and in his Burnley constituency. He wrote a report, which I thought was compelling, and he put in the work of listening to his local manufacturers. He is completely right about manufacturing. I have been to some very high-tech manufacturing businesses in north Lancashire, which make components for some of the most up-to-date jet engines in the world. We are investing more money in the aerospace supply chain, and as I announced today, we are investing more in the advanced manufacturing supply chain. With the help of my right hon. Friend the Business Secretary, we are determined to make sure that Britain’s premier place in aerospace is maintained.
Oral Answers to Questions
Debate between George Osborne and Gordon Birtwistle(14 years, 6 months ago)
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Gordon Birtwistle (Burnley) (LD)
Does my right hon. Friend intend to continue using the very expensive PFI funding for future capital investment in the NHS? The most expensive to date has been in Wythenshawe hospital, where the NHS will pay back 16 times the original capital value. More prudent borrowing in the past would have delivered the investment without adding to the deficit.
Mr Osborne
The hon. Gentleman makes a very good observation about the hidden costs of PFI liabilities. After the Office for Budget Responsibility creates an independent set of national economic forecasts, it will go on to look at PFI liabilities. The deficit and national debt that we have been talking about are, of course, only half the story; there is the hidden iceberg of the PFI liabilities that the Labour party ran up over 13 years as well.