Economy and Jobs Debate

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Department: HM Treasury

Economy and Jobs

Greg Clark Excerpts
Thursday 29th June 2017

(6 years, 10 months ago)

Commons Chamber
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Greg Clark Portrait The Secretary of State for Business, Energy and Industrial Strategy (Greg Clark)
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It is a pleasure to respond to this excellent debate on the Queen’s Speech. Two years ago, I had the same honour in the very same debate, and it fell to me to respond to the first words spoken in the House by the new Member for Batley and Spen, in her maiden speech. She said then that

“we…have far more in common…than things that divide us.”—[Official Report, 3 June 2015; Vol. 596, c. 675.]

That heartfelt observation, and injunction, will live forever in the Chamber, through the shield above her place. It is a reminder that should guide us, particularly in this new Parliament, in which the electorate have required a certain humility from every party. The message from the electorate is that they want Conservative leadership—which is why we won more votes and more seats than any other party—but a leadership that seeks to establish common ground in the country and in Parliament. That is what the Queen’s Speech, and we, in the manner in which we govern, seek to do.

In the limited time that I have, I shall respond to what has been said in the debate, and in particular to the maiden speeches—for this is an historic and important day for those Members and their constituencies—before saying something about the theme of jobs and growth.

I congratulate my hon. Friend the Member for Chichester (Gillian Keegan), who made a brilliant first contribution. The fact that an ex-apprentice from Merseyside has made a speech of that calibre will be a great inspiration to apprentices throughout the country, and it is a pleasure to have her here. She fills big shoes in following Andrew Tyrie, our former colleague, but she is clearly a woman of good judgment, because she has made a very wise choice as a godparent, if I may say so.

The hon. Member for Warrington South (Faisal Rashid) was appropriately generous in his tribute to my very good friend David Mowat, the previous Member, who did fantastic work in the House for his local community. Warrington has suffered terrorist attacks in the past, and the knowledge of that community that he gained as its mayor will make a big contribution to the House. He will find that the best progress in Cheshire is made when colleagues work together. That is certainly my experience.

The hon. Member for Gower (Tonia Antoniazzi) also made a notable contribution. She said that she had helped to bring the café culture to Gower by promoting the ice-cream parlours that her family had brought to the area. I was a customer of those ice-cream parlours when I was campaigning for her predecessor of happy memory. As the son of a milkman from Middlesbrough, I share her enthusiasm for dairy products, and her view that people from all parts of the country should see no limits to entering this place.

The hon. Member for Rutherglen and Hamilton West (Gerard Killen) was self-effacing in his remarks. He said that he would make every day count, and I hope that he will. He has made history by being the first—as he put it—gay married man to represent his constituency. I hope that he will find other ways to achieve great note and a long-lasting legacy in the House.

Finally, I welcome the contribution of the hon. Member for Bath (Wera Hobhouse). Many people all over the country will admire her family history, and the fact that the daughter of a refugee should find sanctuary in this country and come to represent the city of Bath. The city has a history of representation by independent-minded people, and I hope that the hon. Lady will continue that tradition.

Let me say something about the two Back-Bench amendments that you have selected today, Mr Speaker. First, I should like to thank the hon. Member for Walthamstow (Stella Creasy) and her colleagues. She has brought an injustice to the House and we will put that injustice right. For reasons that she understands, we are unable to pass the amendment as it is drafted, but she and my hon. Friend the Member for Worthing West (Sir Peter Bottomley) and other Members have been persuasive, and I hope that she will not press it so that we can be united in protecting the rights that she correctly defends.

The hon. Member for Streatham (Chuka Umunna) made a truncated speech, and we understand the reasons for that. He wants a good deal from Brexit that involves a parliamentary vote and transitional arrangements, and that respects the devolved Administrations and protects rights. So do I. But he adds to that list membership of the single market. Does he not recall that, only three weeks ago, he was running on a programme promising to leave it? That is quite a big thing to forget. It is a bit like forgetting that he does not have confidence in the Leader of the Opposition.

I welcome all Members to what is going to be an exciting new Parliament. There will, as I have said, be a need for co-operation and compromise, but there will also be a battle of ideas and values in this House, perhaps on a scale that we have not seen for years. Underpinning our programme is a belief that Britain is best served by a thriving market economy that produces prosperity for all and helps to fund world-class public services. Underpinning the approach of those on the Opposition Front Bench is a determination to create a socialist state in Britain, despite all the evidence of the damage this would do. That is not a caricature; it is a description. The Labour party once more setting off down the path of common ownership of the means of production, distribution and exchange. They have not even determined the cost of all this, but it could be paid for only in one of three ways: you tax, you borrow or you expropriate. Each of those would be a disaster. The Labour party is now dedicated not to a marginal increase in taxation but to increasing taxes to their “highest ever peacetime level”, as the Institute for Fiscal Studies put it.

I am not sure that Labour Members realise what their party has become. And do not let us pretend that those taxes would be paid by some distant multinational rather than by ordinary working people. As any economist will tell you, all taxes on companies have to be paid by workers, by consumers and by pensioners, through lower wages, higher prices and less valuable investments meaning lower pensions. This is not a choice of prosperity for the many or the few; it is a choice of prosperity for no one. During this Parliament, Opposition Members, who hid behind the supposed unelectability of their leader, can hide no longer. Are they going to stay silent while the leadership of their party advocates an approach that they all know perfectly well would be ruinous?

In this battle of political ideas, it is we on this side of the House who will make the case for the policies and the values of the common ground that the British people—and many on that side of this House—know are essential for prosperity. We believe in an enterprise economy in which businesses can compete, succeed and provide for the people of this country. We believe in well-paid jobs and decent public services, and in a welfare state paid for by what we earn rather than by what we can borrow. We are proud of the fact that, in Britain today, more people have jobs than ever before in the history of our country. This is what we propose to do in this Queen’s Speech and how we intend to govern: living within our means; creating good jobs that pay people well; investing in the future by working with businesses to keep Britain competitive; boosting the power of our great cities, towns and counties in all parts of the United Kingdom; implementing the will of the British people to leave the EU in a way that is orderly and sensible; and being a beacon of free trade and internationalism. That is the programme that we have set out in this Queen’s Speech and not one part of it can be done if Britain adopts the high-cost, high-tax, socialist ideology that is now the programme of the Opposition.

We vote tonight not just on a programme of legislation, but on a fundamental approach to the future of this country, and I commend this Queen’s Speech to the House.

Question put, That the amendment be made.