Autumn Statement Debate

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Department: HM Treasury

Autumn Statement

Jim Shannon Excerpts
Tuesday 29th November 2011

(12 years, 11 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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Yes, I of course agree with my hon. Friend. Again, another success story at the moment is the car industry. I am absolutely delighted by Jaguar Land Rover’s announcement, which is a real vote of confidence in the UK—the company could have constructed that engine plant elsewhere in the world. The announcements that I have made on R and D above-the-line tax credits will also help larger companies do their R and D in Britain.

Jim Shannon Portrait Jim Shannon (Strangford) (DUP)
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One of the biggest problems of modern society is youth unemployment. The Chancellor said that companies would be given national insurance discounts and other incentives to recruit and train young people. What other help will they be offered for that purpose?

George Osborne Portrait Mr Osborne
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We are helping companies to train young people through our apprenticeship programme, and I am happy to be engaged in active discussion with the devolved Administration in Northern Ireland about how that help can best be delivered there.