The Growth Plan
Debate between Kwasi Kwarteng and Jon Trickett(1 year, 9 months ago)
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Kwasi Kwarteng
I pay tribute to my right hon. Friend’s tenure in the Department for Business, Energy and Industrial Strategy. He was a great Secretary of State who really championed science. I tried to do the same in that post. I look forward to engaging with him on the science agenda going forward.
Jon Trickett (Hemsworth) (Lab)
Is it not clear that the Chancellor’s growth plan only grows one part of the economy: the bankers’ bonuses and the incomes of the richest in our society? If he really wants to cut through the cycle of low pay, poor productivity and low economic growth, should he not be abandoning his ideological commitment to trickle-down economics and finally announce a massive public programme of investment in England and Britain’s regions and nations?
Kwasi Kwarteng
We do have a massive programme of investment: it is called business and the private sector being able to mobilise capital to act in institutions such as investment zones. That is a really radical plan, and I was delighted to announce it this morning.
Oral Answers to Questions
Debate between Kwasi Kwarteng and Jon Trickett(3 years, 6 months ago)
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Kwasi Kwarteng
My hon. Friend is exactly right. I am delighted to report that our joint hon. Friend the Member for Derby North (Amanda Solloway) had a very successful visit and thoroughly enjoyed her trip to Greencore Construction, and we obviously heartily welcome Greencore’s excellent work in sustainable construction.
Jon Trickett (Hemsworth) (Lab)
After 10 years of this Government, before covid, constituents of mine were averaging £100 a week less in earnings than the average for the rest of the country; now a third of them are on furlough, which means a further £100 less per week—£10,000 a year less than the average. Will the Minister understand that when the Government talk about levelling up, in an area like mine people will say it is time that Ministers got out of their privileged bubbles and did something for communities all over this country, where millions of people are living very precarious lives?