UK Gross Domestic Product
Debate between John Glen and Jack Brereton(2 years, 5 months ago)
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John Glen
No, I think there is a pretty clear consensus that the rapid wind-down of the testing had a significant effect—around 0.5% of GDP. If that had not happened, we would have seen very modest growth during this past month.
Jack Brereton (Stoke-on-Trent South) (Con)
A recent report shows that Stoke-on-Trent is set to grow jobs third-fastest, so does my hon. Friend agree that the record of this Government economically should be judged by our jobs miracle and in particular our efforts to level up our whole country with better skills and better paid employment right across it?
John Glen
Absolutely. It is clear we are seeing the best unemployment figures for well over a generation. It is very pleasing to see the impact that is having on constituencies such as that of my hon. Friend. It is important that we build on that and look to increase that investment to get businesses investing in new capital and more productive jobs to increase productivity in the economy as a whole.
Oral Answers to Questions
Debate between John Glen and Jack Brereton(5 years, 11 months ago)
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John Glen
There is considerable analysis from the Bank of England and the Government’s analysis of the long-term effect of the different options, with a significant reference paper demonstrating the different scenarios and what lies behind them. The Government are seeking to deliver on the decision of the British people in the referendum in a way that maximises the opportunities for the British economy.
Jack Brereton (Stoke-on-Trent South) (Con)