Oral Answers to Questions

Mark Pawsey Excerpts

Wednesday 22nd January 2014 Commons Chamber

[The Prime Minister]

We are building homes across the United Kingdom, but one better than what she suggests is what we have done, which is to give the power to the Bank of England to advise specifically on any potential problems in the housing market, or, indeed, in any other market. We have cleared up the mess of the regulatory system we were left by the Labour party, so that proper warnings can be given in proper time.

[Mark Pawsey (Rugby) (Con)]

Q11. Under the Labour Government, manufacturing was neglected and the sector halved in size. With this Government investing in manufacturing excellence at the Manufacturing Technology Centre in my constituency, and with the success of companies such as Jaguar Land Rover and Rolls-Royce in important export markets, does the Prime Minister agree that a resurgent manufacturing sector is part of this Government’s long-term plan for the economy?

[The Prime Minister]

Rebalancing our economy is absolutely part of our long-term economic plan. We want to see a balanced recovery—balanced between manufacturing and services, and properly balanced between north and south—and make sure that we win back jobs and orders from overseas. Companies such as Jaguar Land Rover and Rolls-Royce have the full backing and support of the Government: they have investment going into apprenticeship schemes, which are helping them; we have reformed UK Trade & Investment, so we can help them sell around the world; we are doing everything we can to encourage them to bring jobs back into the UK; and manufacturing exports and investment are responding well.