Oral Answers to Questions

John Leech Excerpts

Tuesday 20th March 2012 Commons Chamber

[The Deputy Prime Minister]

My own view is that the best way to help many, many families and the more than 20 million basic rate taxpayers in this country is to let them keep more of the money they earn. That is why the centrepiece tax policy in the coalition agreement is to lift the point at which people pay income tax to £10,000, so that everybody in the country receives a sizeable tax cut—because they will keep more of the money they earn.

[Mr John Leech (Manchester, Withington) (LD)]

Will my right hon. Friend tell the House what progress he and the cities Minister—the right hon. Member for Tunbridge Wells (Greg Clark)—have made in negotiating the city deals with the eight largest cities outside London?

[The Deputy Prime Minister]

My right hon. Friend and I have made significant progress on those city deals, and I am pleased to announce this afternoon that the negotiation with Greater Manchester has now been concluded. This deal is a huge step forward in our devolution-rebalancing agenda, and signals the Government’s genuine commitment to unlocking the great potential of our cities. It will enable Greater Manchester to shape its own future, including through an innovative approach to economic investment—the so-called “earn back” model—that has the potential to transform how cities are incentivised to drive growth. According to people in Manchester, this deal will create 6,000 new apprenticeships, strengthen Greater Manchester’s business growth hub, creating 3,800 new jobs, and commit us to a package of transport measures. Good news for Manchester.