Liam Byrne
Main Page: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North)Department Debates - View all Liam Byrne's debates with the HM Treasury
(4 years ago)
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Steve Barclay
I recognise the point made by my hon. Friend. I have spoken about the impact on the sectors to which he refers. That is why such a comprehensive package of support has been set out, including through the job retention scheme, which will now run until 2 December; the generous support for the self-employed; the cash grants of up to £3,000 per month for businesses; the £1.1 billion of council support; and the plans to extend the various loans, and indeed the future fund, to the end of January. This all recognises the wider pressures to which he refers.
Liam Byrne (Birmingham, Hodge Hill) (Lab) [V]
Unemployment here in the west midlands is soaring to a level that we last saw in the 1980s, but our Mayor has proved so ineffective that we have failed to secure 95% of what we have asked for in our recovery plan. Yesterday the International Monetary Fund’s chief economist called on Governments to bring forward large-scale investment to kickstart demand. In May, the Government set out their capital budget of £358 billion over the next five years. When are the Government going to allocate that capital budget, will the Chief Secretary maximise what is brought forward into the eye of the storm to kickstart demand for next year, and will he, for the first time, guarantee that the west midlands, at long last, will secure its fair share of that money?
Steve Barclay
I am slightly surprised to have a question from a former Chief Secretary that does not recognise the infrastructure investment that the Prime Minister set out in the summer and that my right hon. Friend the Chancellor updated the House on through his summer economic update, including the £2 billion going into green jobs and public sector decarbonisation, and the massive investment in High Speed 2, in road investment strategy 2, and in control period 6 through the various rail schemes that the Government have committed to. We are accelerating the delivery of that infrastructure through Project Speed.
The right hon. Gentleman is right to speak to the fact that there is a jobs challenge, and I think the concerns about the pressure on employment are shared across the House. That is why it is so important to get the right training package in place. That was addressed by my right hon. Friend the Chancellor on 24 September with his winter plan setting out schemes such as the kickstart scheme, which is up and running and is already delivering results. That is how, together, we will weather the storm in terms of bringing forward infrastructure investment but also reskilling people where they do lose their jobs.