Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Rob Butler Excerpts
Tuesday 7th September 2021

(3 years, 3 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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I am always happy to look at what more we can do to improve the transparency of our statistics. However, with regard to kickstart in aggregate, I would just say that there have been 50,000 starts and, when compared with previous versions of similar schemes such as the future jobs fund under the last Labour Government, kickstart is delivering more young people into more jobs at a much faster pace and, importantly, many more of those jobs are in the private sector, not just the public sector.

Rob Butler Portrait Rob Butler (Aylesbury) (Con)
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7. What fiscal steps he is taking to invest in new infrastructure.

Gareth Davies Portrait Gareth Davies (Grantham and Stamford) (Con)
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11. What fiscal steps he is taking to incentivise businesses to invest in new infrastructure and equipment.

Rishi Sunak Portrait The Chancellor of the Exchequer (Rishi Sunak)
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The Prime Minister is rightly ushering in an infrastructure revolution because infrastructure drives growth and productivity and creates jobs. We are doing that with over £100 billion of investment this year and, thanks to the efforts of the Financial Secretary to the Treasury, a world-leading UK Infrastructure Bank created and set up in Leeds.

Rob Butler Portrait Rob Butler
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Does my right hon. Friend agree that all parts of the country can benefit from investment in infrastructure, and that an excellent way of achieving that in my constituency, in support of the substantial housing development there, would be to approve funding for the Aylesbury link of East West Rail, which would also help to achieve our target of net zero?

Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is absolutely right to focus on making sure that our investment reaches every part of the country, including his constituency. I am pleased to tell him that £760 million has been allocated by the Chief Secretary and the Transport Secretary to deliver East West Rail, and I understand that the Department for Transport is currently working with the East West Rail Company to figure out the best possible way to serve Aylesbury. I hope that my hon. Friend will engage with that process.