Stephen Lloyd
Main Page: Stephen Lloyd (Liberal Democrat - Eastbourne)Department Debates - View all Stephen Lloyd's debates with the Department for Education
(10 years, 3 months ago)
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Vince Cable
There is an enormous amount of investment in the North sea—about £13 billion last year, which was a big increase. One of my and my colleagues’ objectives, through the industrial strategy, is to ensure that as much of the supply chain as possible originates in the UK, and we are working with the industry on that. I frequently meet oil companies and fabricators to try to progress that.
Stephen Lloyd (Eastbourne) (LD)
I wholly support the Government’s move to increase the education leaving age to 18, but while the Department for Education budget is protected, the further education budget, which comes under the Department for Business, Innovation and Skills and which will now be educating far more people up to 18 than schools, is not. This will put a huge strain on FE budgets. Will the responsible BIS Minister talk to the Secretary of State for Education to ask for assistance?
Matthew Hancock
I frequently talk to the Secretary of State for Education. The change to funding for 18 year olds was not one made lightly; dealing with the deficit requires difficult decisions. We published the impact assessment on the consequences, which show that disadvantaged students are not affected disproportionately. If we did not have a budget deficit of £100 billion, life would undoubtedly be easier.