Lord Hain
Main Page: Lord Hain (Labour - Life peer)Department Debates - View all Lord Hain's debates with the Cabinet Office
(11 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Jones
Indeed, it is working in Wales and in Redditch. There are clear signs that the economy is turning the corner. I am sure that all Members were pleased with yesterday’s forecast by the International Monetary Fund, which revised UK growth for next year up from 1.5% to 1.9%.
Mr Peter Hain (Neath) (Lab)
I put it to the Secretary of State that all economies recover from all recessions at some point, but that our recovery has come three years after those of Germany and the United States because his Government’s savage cuts turned Labour’s growth and recovery from the banking crisis in 2010 into three years of austerity. The current recovery is made in the south-east for the south-east. In Wales, there is no housing bubble, long-term unemployment is dire, as is under-employment, and personal debt is high. We need investment in Wales. His Government should be supporting the Labour Welsh Government, not hindering them with budget cuts the whole time.
Mr Jones
It is rather rich for the right hon. Gentleman, who was a member of the Government who presided over the economic crash in 2008, to criticise this Government for the steps that we are taking to turn the economy around. Wales, as much as every other part of the country, is benefiting from the measures that we have taken. There are 67,000 more people in work than at the time of the last election. He should welcome that.