Neil Carmichael
Main Page: Neil Carmichael (Conservative - Stroud)Department Debates - View all Neil Carmichael's debates with the HM Treasury
(10 years, 11 months ago)
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Nicky Morgan
I find it unbelievable that the hon. Gentleman really has the gall to stand up and ask that question. I wonder whether he agrees with his right hon. Friend the Member for Birmingham, Hodge Hill (Mr Byrne), who said:
“From 2004 onwards, beneath the miraculous arc of rising average incomes, families on ‘median incomes’—millions of workers grafting as small employers, sales assistants, cashiers, construction and factory workers—were feeling the strain...people were working just as hard as ever—but were not getting on”.
That was happening under a Labour Government.
Neil Carmichael (Stroud) (Con)
Does the Minister agree that the real achievement of this Government has been the improvement in education, skills and the provision of engineers—among others—so that we can raise wages as a result of real growth in the economy?
Nicky Morgan
I entirely agree with the hon. Gentleman. As the Office for Budget Responsibility has said,
“Productivity growth is the only sustainable source of real income growth in the long term”.
If we do not have a skilled work force, employers will not come here and therefore will not be employing people, which means that we will not experience the increase in productivity that would feed through into higher wages.