Jason McCartney
Main Page: Jason McCartney (Conservative - Colne Valley)Department Debates - View all Jason McCartney's debates with the HM Treasury
(11 years, 9 months ago)
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Mr Osborne
My message to all families is that in the markets interest rates remain low and have remained low today. That is the credibility test for the Government’s economic policy, and as I say, for families paying a mortgage or businesses with a business loan, that is crucial.
Jason McCartney (Colne Valley) (Con)
Those on the Opposition Front Bench should come out into the real world from their Primrose Hill mansion. Last week in my constituency I visited businesses that are winning new orders, expanding, and taking on workers and apprentices. Will the Chancellor pledge to continue investment in the regional growth fund, enterprise zones and infrastructure spending such as the electrification of the trans-Pennine route that is helping businesses in my constituency?
Mr Osborne
I read in the paper that the Primrose Hill mansion my hon. Friend refers to falls just below the threshold for the new mansion tax proposed by the Labour economic team. However, my hon. Friend makes a good point: we must invest in economic infrastructure across the country. People have been calling for years for the electrification of the trans-Pennine route, and indeed the northern hub. It did not happen under a Labour Government but it is happening under this Government.