Unemployment

Lord Cryer Excerpts

Wednesday 14th December 2011 Commons Chamber

[Mr Byrne]

We do wish that more houses had been built over the past year, and that is precisely why we have said that a sensible tax on bankers’ bonuses could create the funds to build 20,000 new homes. Why does the hon. Lady oppose that policy?

[John Cryer (Leyton and Wanstead) (Lab)]

Will my right hon. Friend confirm that 65,000 jobs have been lost in the construction sector alone, and that that is because of the slump in building across the board?

[Mr Byrne]

That is absolutely right. The construction sector has taken an absolute hammering since this Government took office, not least because of their foolhardy decision to get rid of infrastructure projects and building projects such as Building Schools for the Future that would have equipped many of our young people with the facilities needed to deliver a world-class education in the years to come.