G20 Summit Debate

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Department: Cabinet Office

G20 Summit

Marcus Jones Excerpts
Monday 25th June 2012

(12 years, 4 months ago)

Commons Chamber
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Lord Cameron of Chipping Norton Portrait The Prime Minister
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If we expanded trade between Britain and America as part of the EU expanding its trade with America, the benefits would be more goods and services and more jobs in the UK, and more opportunities to export. We might find particular advantages to Britain in some of the services fields, where we have very good companies that do not always get full access to US markets. In that way my hon. Friend’s constituents would benefit.

Marcus Jones Portrait Mr Marcus Jones (Nuneaton) (Con)
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Despite the economic headwinds of the eurozone crisis, in the west midlands in the past year 4,000 jobs were lost in the public sector, but 81,000 jobs were created in the private sector. Does that not vindicate the Government’s strategy of reducing the deficit and keeping interest rates low?

Lord Cameron of Chipping Norton Portrait The Prime Minister
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My hon. Friend makes an important point. As I said, there are 400,000 more people in work than there were in May 2010. Of course we have seen some job reductions in the public sector, but they have been more than made up—several times made up—by the jobs that have increased in the private sector. That is the sort of rebalancing that our economy needs.