Spending Review 2020 and OBR Forecast Debate

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Department: HM Treasury

Spending Review 2020 and OBR Forecast

Jane Stevenson Excerpts
Wednesday 25th November 2020

(3 years, 5 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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I would, of course, be sympathetic to the idea of putting the bank in Yorkshire, as the hon. Gentleman knows, but he was slightly beaten to the punch over the weekend by my hon. Friend the Member for Shipley (Philip Davies), who made a pitch for Bradford. In any case, I will happily hear his thoughts.

The hon. Gentleman is right about the focus on young people. The new Restart programme will be able to help a million people who have been unemployed for over a year. Before that happens, we have the kickstart programme that will benefit a quarter of a million young people—or more if it is successful. He talked about apprenticeships. Rightly, we have increased the cash bonus to businesses to £3,000 for them to take on a fresh new young apprentice, because he is right that that is where our focus should be.

Jane Stevenson Portrait Jane Stevenson (Wolverhampton North East) (Con)
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I thank the Chancellor for the range of measures to support those on low incomes and to protect the most vulnerable, whether that is through an uplift to cash for local authorities to identify and support vulnerable families, or through the holiday activities and food programme and an uplift to the Healthy Start programme. Levelling up is crucial to a seat such as Wolverhampton North-East. Can he reassure my constituents that the Government will continue to prioritise job creation, investment and other opportunities for them?

Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is absolutely right. The Government are committed to spreading opportunity across the country, especially in places where people feel they have not had the same fair crack of the whip. Our levelling up fund is designed to correct that. Today, her local area will be benefiting from discounted funding from the Public Works Loan Board to help with local infrastructure projects. That is a symbol of our commitment to her area and her constituents.