Kevin Bonavia
Main Page: Kevin Bonavia (Labour - Stevenage)Department Debates - View all Kevin Bonavia's debates with the HM Treasury
(3 days, 8 hours ago)
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Rachel Reeves
I once spent a day at Thomas the Tank Engine world. I hope that the trains and the tram lines that we are going to be investing in will be a little less talkative and a bit more productive. The reason I mentioned my hon. Friend in my speech today is that he has persistently lobbied for the midlands rail hub, and we are very pleased as a Government to be able to make that commitment today, which will benefit his constituents and many others as well.
Kevin Bonavia (Stevenage) (Lab)
Today’s spending review is a great big boost for the defence and life science sectors in this country. My constituency of Stevenage is a national hub for both those sectors. This morning, I visited the Cell and Gene Therapy Catapult with the Minister of State for Science, Research and Innovation, Lord Patrick Vallance. Last week, my right hon. Friend the Secretary of State for Defence visited MBDA to see the Storm Shadow missiles being fitted out for Ukraine. Today’s extra investment will be hugely welcomed in my town of Stevenage. Young people want those new jobs. When can they expect to see the benefits of that new investment?
Rachel Reeves
There are huge opportunities in Stevenage, both in life sciences and in the defence sector, to take advantage of the investment that we are putting in—whether that is in research and development or lifting defence spending to 2.6% of GDP in the next two years. I know that businesses, working with their tireless local MP, will make sure that that investment gets to Stevenage.