Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Helen Goodman Excerpts
Tuesday 14th May 2013

(11 years, 7 months ago)

Commons Chamber
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Sajid Javid Portrait Sajid Javid
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Yes, I join my hon. Friend in commending Hereford Futures. It is just the kind of procurement we want in promoting social impact.

Helen Goodman Portrait Helen Goodman (Bishop Auckland) (Lab)
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Q6. What recent assessment he has made of the performance of the economy in the north-east; and if he will make a statement.

Greg Clark Portrait The Financial Secretary to the Treasury (Greg Clark)
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Last year, the north-east was Britain’s biggest destination for inward investment, after London and Greater Manchester, it doubled its trade surplus in goods to the highest in England and saw unemployment fall faster than in any other region of the country. The north-east independent economic review, published last month, shows the region’s further huge potential, which the Government are determined to support.

Helen Goodman Portrait Helen Goodman
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In fact, after the £2.8 billion of cuts that the Government have imposed, unemployment in the north-east is 10%, which is the highest in the whole country. I am pleased that the Minister mentioned the independent review, which recommended a doubling of apprenticeships, significant investment in transport infrastructure and the locating of major public institutions, such as the business bank, in the north-east. Have the Government put forward any resource to make any of those things happen?

Greg Clark Portrait Greg Clark
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First, I congratulate the hon. Lady’s team of Spennymoor on, I am afraid, beating my team of Tunbridge Wells in the final of the FA Vase at Wembley 10 days ago. If she was there—I am sure she was—she will have seen that Spennymoor’s approach was characterised by very positive play, and she would do well to pay tribute to the efforts made in the north-east in much the same way. Exports are growing, employment is growing and the number of apprenticeships has doubled since we came into office. I will visit Newcastle in two weeks to discuss the implementation of the economic review, which I hope she will support.