Oral Answers to Questions

Peter Bone Excerpts

Monday 11th July 2016 Commons Chamber

[Stephen Crabb]

Nothing fundamentally has changed since the outcome of the referendum: the economy continues to perform well and, as I said, we need to be careful that we do not do our bit in talking down the economy at the moment. I agree with the hon. Lady that there is a very real systemic issue with DB pension schemes that we need to look at, and my Department will be discussing it further in the months ahead.

[Mr Peter Bone (Wellingborough) (Con)]

One thing that we do know has happened is the fall in the pound. That has resulted in making our exports much cheaper and imports more expensive. Employers have already said that that will lead to more business and jobs. Does the Minister agree that that would be helpful to him in reducing the number of unemployed?

[Stephen Crabb]

The truth is that right in front of us now, since the outcome of the referendum, we have a mixture of opportunities and challenges. It is incumbent upon us to turn those challenges into opportunities, and we are determined as a Government to do so. If the Opposition want to do their bit, they can stand up and not talk down the British economy at this time.