Oral Answers to Questions Debate

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Department: HM Treasury
Tuesday 8th April 2025

(6 days, 15 hours ago)

Commons Chamber
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Torsten Bell Portrait Torsten Bell
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The hon. Member will be excited to know that the Business Secretary will be announcing in the coming weeks that shovels are already in the ground, or will be going into the ground, for some projects. I am a very good colleague to Ministers, so I am not going to pre-empt that announcement today.

Matt Western Portrait Matt Western (Warwick and Leamington) (Lab)
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A recent PWC survey showed that the UK is now the second most attractive investment destination among global chief executives, ahead of countries such as China, Germany and India. That shows that the Government’s careful stewardship of our economy has led to stability within the global landscape. Does the Minister agree that the UK is now open for business after years of Conservative chaos?

Torsten Bell Portrait Torsten Bell
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My hon. Friend consistently asks good questions that go to the heart of the matter. If I look back over the past 14 years, I see that British business investment has been the lowest in the G7 year after year. We are going to put that right.