Growing the UK Economy
Debate between Matthew Patrick and Darren Jones(1 week ago)
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Darren Jones
The right hon. Member is confused. I am enormously proud of my region of Bristol and the south-west, not least because of our heritage and the potential that we have to offer the country. The aerospace industry in north Bristol will benefit enormously from our announcements, which is great for workers and businesses in our region. He may be interested in an announcement from the national wealth fund today of investment in the Cornish economy to get us mining again, so that we get the rare earth materials that we need to fuel development in the UK and create the jobs and investment in the south-west that he asks for.
Matthew Patrick (Wirral West) (Lab)
Barriers to growth were in place in this country for so long that I thought they would be permanent, but we have a Government so committed to growth that they are tearing them down daily, and I welcome that. I also welcome the pilot announced by the Office for Investment, which will benefit the Liverpool city region. It brings Government and industry together to unlock private investment. How will that benefit my constituents in Wirral West?
Darren Jones
Today we have announced that the Office for Investment, which partners with foreign direct investment into the UK, will be given a line of sight to opportunities across the country, and not just to the large project that the Government are interested in on a particular day. Working with mayors in our combined authorities will be a great way to bring together a prospectus of investable propositions for investors across the country. Let me reassure my hon. Friend that the blockers to delivery are not permanent, because we voted them out at the last election.
Public Finances: Borrowing Costs
Debate between Matthew Patrick and Darren Jones(3 weeks, 6 days ago)
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Matthew Patrick (Wirral West) (Lab)
One would think, from listening to Opposition Members, that they had not crashed our economy and presided over high taxes, high debts and falling living standards, which affect my constituents and, I expect, some of theirs, too. [Interruption.] That is the Tory cycle. Will the Minister confirm that the route out of that is growth, and that remains our No. 1 mission?
Darren Jones
My hon. Friend is right. May I offer some probably unwelcome advice to Opposition Members? The sooner they stop groaning and stop laughing about their performance when they were last in government, and the sooner they apologise for it, the sooner the British people might start listening to them again.