Budget Resolutions and Economic Situation

Debate between Nia Griffith and Sajid Javid

Tuesday 14th July 2015 Commons Chamber

[Sajid Javid]

I agree absolutely with my hon. Friend. Conservative Members have always understood the power and importance of enterprise, while Labour Members have never understood just how important it is to boosting our productivity and making sure that our economy keeps growing and creating jobs at a record rate.

[Nia Griffith (Llanelli) (Lab)]

The Secretary of State makes great play of the importance of long-term planning. We all understand its importance for business, so what would he say to the company near Chepstow that used to make wind turbines but is now facing closure because of the sudden change in policy by his Government? Is it not sad that this Government, which should be offering certainty to business, are not only changing policy willy-nilly, but leaving a really big question mark over the European Union that is making businesses very jumpy indeed?

[Sajid Javid]

No one wants to see any company close in Britain, and no one wants to see any of the job losses that would potentially come alongside that. What is most important when changes in the economy affect businesses is a growing economy so that businesses are growing at record rates. We have record high growth as a country among the G7, which is exactly the sort of environment we want so that other companies can continue to grow alongside.

The national living wage will put more money in customers’ pockets. This will deliver a real boost to businesses right across the country, as eight out of 10 people who will see their pay rise live outside London and the south-east of England. These measures will all support growing, dynamic businesses, as we work with them to tackle the economic challenge of our time.

Oral Answers to Questions

Debate between Nia Griffith and Sajid Javid

Thursday 1st May 2014 Commons Chamber

[Sajid Javid]

The hon. Gentleman will know that the industry and the Government agree, as I believe do all parties in this House, that self-regulation is the way forward. That was at the heart of the Leveson principles. As I said, the royal charter has been granted and the press have responded by setting up a self-regulator, and it is now for them to decide how they wish to take that further.

[Nia Griffith (Llanelli) (Lab)]

3. What steps he plans to take to reduce simulated gambling on social media sites.

Oral Answers to Questions

Debate between Nia Griffith and Sajid Javid

Tuesday 11th December 2012 Commons Chamber

[Nia Griffith (Llanelli) (Lab)]

14. What the level of public sector net borrowing was in (a) the first seven months of 2012-13 and (b) the equivalent period in 2011-12.

[The Economic Secretary to the Treasury (Sajid Javid)]

According to the Office for National Statistics, public sector net borrowing for the first seven months of 2012-13 was £73.3 billion, excluding the transfer of the Royal Mail pension assets. Public sector net borrowing for the equivalent period in 2011-12 was £68.3 billion.

[Nia Griffith]

Will the Minister explain to the many families in my constituency, who are very angry at an autumn statement that has left them with less money to spend in the local economy, why borrowing has been revised up by more than £200 billion compared with the Chancellor’s plans two years ago? What will it take for him to realise that we need jobs and growth before we can get the deficit down?

[Sajid Javid]

I think that the hon. Lady submitted that question before the autumn statement, not expecting the Office for Budget Responsibility to confirm that the deficit is going to keep on falling. She risks becoming, like her friend the shadow Chancellor, an economic arsonist. He has created an economic inferno but is more interested in throwing stones at the firefighters. What her constituents want to know is that the deficit is coming down, and it is down by a quarter. That is creating jobs and confidence, and that is what this country needs.