(4 months, 1 week ago)
Commons ChamberThe Government will engage with any proposals that have been brought forward, as we always do, but it is actually the case that we have already provided over £700 million in energy cost relief to the steel sector in the past 10 years. It is also the case that, even in the past year, the Government spent £97 million more on UK-made steel for major public projects. So we are continuing to work with the steel industry, but we have already provided tremendous support.
I very much associate myself with the remarks of my right hon. Friend regarding Lord Frank Field, who was a good man.
I very much welcome the Government’s firm commitment to increase defence spending to 2.5% by 2030. It is something that will send the right message to our allies and potential adversaries alike, and it is something on which the 1922 defence committee has been campaigning for a little while. However, would my right hon. Friend do what he can to ensure that some of that increased money is spent on additional recruitment—including, if necessary, increasing wages sufficiently—to ensure that the Navy can manage ships, the Air Force can maintain its aircraft and the Army can dominate ground?
I know what a staunch advocate my hon. Friend is for the armed forces and for funding the armed forces. All of us can take great pride that we are putting the resources in to meet the challenges that the nation is likely to face over the next five years. We will be working through the allocation of that, but it is already the case that in January we had the largest ever number of applications in recent years to join the armed forces, so we are making progress on that.
(1 year, 1 month ago)
Commons ChamberI know there is an Opposition reshuffle coming up, but this audition for John Prescott’s old job is getting a little bit hackneyed. It is this Government who have lifted 400,000 children out of poverty. I hear the right hon. Lady claiming that Labour is the party of working people, but under their policies people cannot even get to work. They support Just Stop Oil protesters blocking our roads, they support their union paymasters stopping our trains, and of course they support the hated ultra-low emission zone stopping cars across our capital. While Conservatives get Britain moving, Labour stands in everyone’s way.
My hon. Friend raises an important point about both start-up capital and ensuring that we get more money to high-growth companies. The Chancellor’s pension compact is a very important step forward, which will unlock £75 billion of additional investment. I am quite confident that large amounts of that will go to UK companies, and it sits alongside measures such as the Edinburgh reforms to financial services, which will help improve financial services in this country and unlock money for those industries.
(1 year, 1 month ago)
Commons ChamberWhat the hon. Lady has described sounds totally abhorrent, and I shall be very happy to look into the details and discuss what measures might be brought forward to address it.
At a time of record employment, an unemployment rate nearly half that of the EU average and strong inward investment, can my right hon. Friend explain why every single period of Labour government since the second world war has ended in economic failure, with sterling weaker and unemployment usually higher?
My hon. Friend is entirely right. I might add that Labour Governments also spend every last penny in the Treasury. I well remember the note saying that there was no money left when we entered government. We should never allow that to happen to the British people again.