Jake Berry
Main Page: Jake Berry (Conservative - Rossendale and Darwen)Department Debates - View all Jake Berry's debates with the HM Treasury
(11 years, 10 months ago)
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Mr Osborne
We are dealing with the problems that we inherited. Given the situation that we inherited, I think we can say, “Things can only get better”.
Jake Berry (Rossendale and Darwen) (Con)
At the export for growth summit in east Lancashire, I spoke to world-class engineering businesses that are interested in borrowing to invest in their businesses so that they can grow and sell to the global market. Will the Chancellor confirm that he will stick to his plan and keep interest rates at a record low so that we can create more jobs in east Lancashire?
Mr Osborne
My hon. Friend is a powerful champion of businesses in his constituency and has spoken to me about what they need. He is absolutely right. Of course we want to get credit to businesses that want to expand and take people on. That is why we run the funding for lending scheme with the Bank of England. We have also provided additional annual investment allowances in the way that I have just set out. The reaction of business organisations to the news of the last couple of days has been striking: they have absolutely supported the Government’s determination to deal with our debts.