(2 years, 11 months ago)
Commons Chamber(10 years, 5 months ago)
Commons Chamber8. What recent assessment he has made of trends in levels of employment in Wales.
Our long-term economic plan is working—and it is working in Wales. We are rebalancing the economy to give the private sector confidence to invest and create jobs. In the last year alone, we have seen more than 47,000 new private sector jobs created in Wales.
Will the Minister update us on what has happened to youth unemployment in Wales under this Government, given that it rose by 75% under the last Government?
My hon. Friend is exactly right; he knows a lot about this issue. There was an appalling increase of more than 75% in youth unemployment on the watch of the last Labour Government. I am pleased to say that in the past four years, we have seen youth unemployment fall by 31% in Wales. We are bringing down unemployment among young people.
(10 years, 10 months ago)
Commons ChamberThe content was marked by the absence of a really attractive vision for what the Welsh economy could be. I was sitting expectantly, hoping that the hon. Member for Carmarthen East and Dinefwr would set out a vision of what small-country, successful economics might look like under a Plaid Cymru Administration, but we heard precious little about that. I hope that some of his colleagues will be able to enlighten us on that. Instead, there was a familiar return to the talk of more spending, more borrowing and more debt—exactly the things that will shackle the people of Wales and their children for generations to come with more economic problems.
Does the Minister agree that there is nothing fair at all about getting the next generation to pay even more of this generation’s debts?
My hon. Friend is exactly right. There is nothing fair, progressive or just about loading future generations with more debt and the consequences of debt. If we are a responsible political generation in the House, we will take care to ensure that our decisions minimise the impact on future generations.
This country continues to face deep-seated, long-standing economic challenges. The UK underwent an economic trauma between 2008 and 2010, and we are still living with the consequences. As a result of that trauma in those two years, there was a huge destruction of value in the economy, and a destruction of wealth, and we are still recovering from that, even in 2014. Although it is difficult for Opposition parties to admit, the Government have made difficult, challenging decisions and taken practical steps to reduce the deficit and restore stability and order to our national finances, which is the starting point—the foundation—for tackling all the other social and economic issues that the hon. Member for Carmarthen East and Dinefwr and others have begun to raise in the House this afternoon. As a coalition Government, we are ambitious that the emerging economic recovery should be a recovery for all parts of the UK, including Scotland and Wales, and for all people from all walks of life in our country. That is at the heart of our vision of fairness as a coalition Government.
(12 years ago)
Commons Chamber15. What recent discussions he has had with his ministerial colleagues on increasing private sector employment in Wales.
The Government have taken action to protect the economy and have set out a comprehensive strategy to achieve strong, sustainable and balanced growth. Because of this action, we have seen over 1 million private sector jobs created across the UK since we came to power. [Interruption.]
In two years, this Government have created 1.2 million net new private sector jobs—nearly double the amount that the previous Government created in 10 years. How have we done in Wales?
I am very pleased to inform the House that we are seeing similar good progress in Wales. The House of Commons Library tells me that an estimated 60,000 additional private sector jobs have been created in Wales since May 2010.
(12 years, 2 months ago)
Commons Chamber4. What steps he is taking to promote enterprise zones in Wales.
I am strongly committed to working with the Welsh Government to encourage private sector investment and growth in Wales, including promoting enterprise zones in Wales.
Is it not important to have a much closer working relationship between the Governments in London and in Cardiff in respect of enterprise zones, so that we can make faster progress in creating jobs and wealth in Wales?
My hon. Friend is exactly right: it is vital that the two Governments—the UK Government and the Welsh Government in Cardiff—work together on a range of issues, not least the success of enterprise zones. I am committed to doing that, and I look forward very much to my first meeting with the Welsh business Minister, Edwina Hart, which is to take place shortly.