Margaret Greenwood
Main Page: Margaret Greenwood (Labour - Wirral West)Department Debates - View all Margaret Greenwood's debates with the Department for Education
Enterprise Bill [Lords]
Margaret Greenwood Excerpts(8 years, 9 months ago)
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Sajid Javid
I wonder, then, whether the hon. Lady agreed with one of the comments that Andrew Fisher made in his book:
“The sole focus of economic debate today seems to be about what leads to economic growth.”
“Why”, he asks,
“are we so obsessed with economic growth?”
In the blurb, the shadow Chancellor called it the best thing he has read in years. On the Government Benches we know why sensible people are obsessed with economic growth: it means more jobs, it means prosperity, it lifts people out of poverty, it pays for our health service and our schools, and it allows us to invest in the future of our nation.
We know that growth is not created by politicians or by civil servants. It is not delivered by Whitehall diktat, or by printing money, or by creating an ever-expanding public sector. Economic growth comes from one thing, and one thing alone: successful private businesses.
The role of Government is to create an environment in which businesses can thrive. So, while Labour’s policy chief dreams of handing taxpayers’ money to trade unions so they can buy out companies, this Government are taking action to back British business.
Margaret Greenwood (Wirral West) (Lab)
In November of last year the green investment bank announced it had raised £10 billion in green infrastructure investment in the last three years. At the time the Secretary of State said:
“As this milestone shows, the Green Investment Bank is going from strength to strength and is having a major impact supporting renewable energy projects across the whole of the UK.”
This, at the moment, is not a private company—
Madam Deputy Speaker (Natascha Engel)
Order. Lots of Members wish to speak. If the hon. Lady would like me to put her name at the end of my list of those wishing to speak, I will do that, but otherwise interventions must be short, as must the responses.