Regional Growth
Debate between Harriet Cross and Darren Jones(3 weeks, 3 days ago)
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Darren Jones
I congratulate my hon. Friend on her decades of campaigning for that project. I also welcome her suggestion that this is a Labour Government delivering the change that they promised to the country, but may I add to that and say that it is also the difference that brilliant Labour MPs can make in their constituencies campaigning for change for their constituents? I offer many congratulations to my hon. Friend, and I hope that she will be able to cut the ribbon when the lines are up and running.
Harriet Cross (Gordon and Buchan) (Con)
The Minister talks about regional growth, but in north-east Scotland we see only cost and decline under this Labour Government. Let us take the oil and gas sector. Labour policies will cost almost 35,000 jobs by the end of this decade, and £150 billion in economic income by 2050. The UK-EU deal will cost fishermen in Scotland £6 billion. Two thirds of Scottish farmers will be impacted by the family farm tax, with 48% of farms halting their investments, which again hits the rural businesses that would be supplying them? Can the Minister name a single policy that this Labour Government have introduced that benefits regional growth in north-east Scotland?
Darren Jones
I can reconfirm to the House that this Labour Government have delivered the largest real terms increase in funding for Scotland since devolution began. Furthermore, may I politely point her to the fact that the announcement today is about England, not Scotland. Further announcements on our commitment to delivering a new direction in Scotland will be coming next week in the spending review.
Public Finances: Borrowing Costs
Debate between Harriet Cross and Darren Jones(5 months, 2 weeks ago)
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Darren Jones
That is exactly why our fiscal rules are non-negotiable. While the Conservatives borrowed to pay the bills every month because they did not have enough money to pay for all their promises, this Government are investing in the future of our country, whether through reforming public services or investing in infrastructure and opportunities for growth. That is exactly the right approach to the economy; it is what our fiscal rules demand, and what we will be held to.
Harriet Cross (Gordon and Buchan) (Con)
Next has said that it will increase prices by 1%, directly because of the increases to national insurance contributions, and has warned of slowing growth. With business confidence plummeting, gilts at a 26-year high and growth stagnating, do the Government still maintain that they have an iron grip on public finances, or will they admit that their Budget has done exactly what the Conservatives warned: increase costs, increase prices and reduce growth?
Darren Jones
The question was whether the Government have an iron grip on public finances; the answer is yes.