Savings Accounts and Health in Pregnancy Grant Bill

James Gray Excerpts

Monday 22nd November 2010 Commons Chamber

[Sheila Gilmore]

I am not going to take an intervention just now.

I recall that three years ago, at the beginning of the recession, people were predicting how high unemployment would rise, how difficult things would get and how high our deficit might be. Unemployment did not rise nearly as high as predicted under the Labour Government, and I will tell hon. Members why: because we were putting in money as part of an economic stimulus. Yes, we borrowed to do that but we did so because it was the right thing to do. We were told that it was the right thing to do by the junior partner in this coalition throughout that period. I remember those debates before the election—

[Mr James Gray (North Wiltshire) (Con)]

You were not here.

[Sheila Gilmore]

I was thinking about the public debates on television involving the Chancellor and the would-be Chancellors. I recall what the Liberal Democrat spokesman on finance said, and he put forward a completely different perspective from the current Chancellor. There was no agreement.

Members on the Government Benches may disagree with what I am saying, and I am happy for them to do so because that is legitimate in politics. We have a different view of how to do things, but that does not mean that our view is so unreasonable that we are not even allowed to put it. We are hearing that we are not allowed to argue any of these points and that we are not supposed to say that we would make different choices. The Minister gave this one away when he said that these measures would not really harm people; he said that the saving gateway had not even started and so nobody was being harmed, which is why it is an easy cut.

Oral Answers to Questions

James Gray Excerpts

Tuesday 13th July 2010 Commons Chamber

[Mr Speaker]

Is the hon. Gentleman’s question specifically on the north-east? No? I know that he is from the north-west. Never mind. I wondered whether he wanted to say something about the north-east, but no.

[Mr James Gray (North Wiltshire) (Con)]

11. What steps he plans to take to support economic growth in the south-west.

[The Financial Secretary to the Treasury (Mr Mark Hoban)]

As I stated in response to the previous question, there are a number of initiatives in the Budget to support economic growth in the regions. We estimate that up to 54,000 businesses in the south-west will benefit from the national insurance contributions exemption for new businesses, and our plans for NIC more broadly will save businesses in the south-west about £260 million.

[Mr Gray]

My constituents will be very glad to hear that, because times have been tough in North Wiltshire in recent years, particularly as a result of a contraction in food production and defence. What does my hon. Friend intend to do in regard to the excellent report produced by my constituent, Sir James Dyson, on innovation and technology, which seems to point the way forward for this new Government?

[Mr Hoban]

My hon. Friend is absolutely right. Sir James Dyson made an important contribution to the debate on increasing the high-tech sector, and the Government are looking at the implementation of his findings. In the Budget, we announced a review of the taxation of intellectual property, including research and development, and we are committed to ensuring that the UK again becomes a centre for high-tech manufacturing.