(10 years ago)
Commons ChamberThat same economic forecast suggests that an extra 1 million people will be in work from the record levels that we have at the moment; that there will be a consistent rise in real incomes over the next five years; and that the United Kingdom has the strongest economic growth of any developed country in the world and the strongest job creation. Those are the facts about the United Kingdom and the hon. Lady should welcome them.
May I put it on the record that I support the Government’s drive to create a northern powerhouse? What assurances can the Chief Secretary give me that constituencies such as my own in Fylde will benefit from such a move?
I can honestly say to my hon. Friend that his constituency will benefit. It has already benefited from the growth deals, and it is benefiting from investment in energy infrastructure, which is a particular interest there. It is also benefiting from the transport investment, and as we take forward this agenda to improve the economy in the north of England, we will ensure that every part of the north of England, including his constituency, benefits from that process.
(11 years, 5 months ago)
Commons Chamber5. What recent steps he has taken to increase the level of infrastructure investment.
In a difficult economic climate the Government are committed to investing in infrastructure. We have increased our infrastructure spending plans in this Parliament and have committed to a further £3 billion a year from 2015-16. We are using this country’s hard-won fiscal credibility to support and offer up to £40 billion in guarantees for infrastructure projects, and I will set out our plans for further investment in infrastructure on Thursday.
As an MP for the north-west, may I ask whether the Government can give assurances to the House that large-scale infrastructure projects such as HS2 will proceed under this Government?
Yes I can, and the House will be considering High Speed 2 tomorrow. I hope my hon. Friend and other Members on both sides of the House will give the project very strong support, because it is a massive project that has the capacity completely to transform the regional economic geography of this country. This Government are totally committed to delivering it, and we will do so.