Lord Dobbs
Main Page: Lord Dobbs (Conservative - Life peer)Department Debates - View all Lord Dobbs's debates with the HM Treasury
(9 years, 4 months ago)
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Lord Newby
Yes, my Lords, but while the problem to which the noble Lord refers is of course a long-standing one in the UK, the Government have done a number of things. One is the growth of the enterprise investment scheme, which generated investment of £1 billion in 2012-13. The seed enterprise investment scheme is another, albeit for slightly smaller firms, and some of the initiatives of the Stock Exchange on AIM and the development of the retail bond market are also designed to help fill that funding gap.
Lord Dobbs (Con)
Is my noble friend able to cool fevered brows on opposite Benches and confirm that part of that long-term economic plan is to continue the extraordinarily successful growth of job creation, which has given this country an unemployment and employment record finer than any other economy in Europe?
Lord Newby
My Lords, it is far beyond my powers to cool the fevered brows opposite, but I repeat: we have been extremely successful in terms of private sector employment. Over 2 million additional private sector jobs have been created in this Parliament, which means that we now have more people employed in the UK than ever before, and the joint-highest rate of employment.