Business of the House

Sarah Newton Excerpts

Thursday 23rd February 2012 Commons Chamber

[Sarah Newton (Truro and Falmouth) (Con)]

We should heed the words of the Institute of Directors, which today urged us to stop the gloom and doom about the economy. As confidence is so important to economic revival, will my right hon. Friend ask the Chancellor to make a statement on the really positive parts of our economy, such as agriculture, food and drink in Cornwall, which delivers more than 30% of local employment?

[Sir George Young]

My hon. Friend is right to sound a note of optimism and remind us of the e-mail from the Institute of Directors, which I received just before I came in, cautioning against doom and gloom, and I am delighted to hear about what is happening in her constituency. The recovery that we all want to see will be assisted by the retention of low borrowing costs, and our whole economic strategy is engaged in ensuring that that remains the case to underpin investment and take the pressure off household incomes.