(7 years, 9 months ago)
Commons ChamberYes. The hon. Gentleman raises an important point. The Competition and Markets Authority report identified a huge detriment that consumers were facing. There has been some limited response from the energy companies. For example, they have deleted some of their more abusive tariffs, but there is further to go, and we will be making a response to the CMA report in the days ahead.
It has been recently announced that the strategy for the midlands engine for growth will be announced soon. The midlands engine is vital for business in Derby and the midlands, so may I urge the Secretary of State to consider it sooner rather than later?
The midlands engine is a very important part of the strengthening of the economy, and there is real momentum there. My hon. Friend can look forward to some very important announcements that will be made imminently.
(7 years, 9 months ago)
Commons ChamberI agree with the hon. Gentleman’s analysis. I hope he will join us in making that change and approach this matter with a spirit of optimism and determination to make the change that the country needs.
I welcome this common-sense statement. Does my right hon. Friend agree that the pillars will provide the ideal opportunity to enable regions to use their assets to the best effect for a more balanced UK economy, and to further grow the midlands engine for growth?
I do agree with my hon. Friend. We are one of the most centralised countries in the world, but it is patently the case that our levels of prosperity are not uniformly high. We should learn from other countries and from what has worked well when we have devolved powers and given people who know what will make a difference locally a better ability to take those decisions.