Steven Paterson
Main Page: Steven Paterson (Scottish National Party - Stirling)Department Debates - View all Steven Paterson's debates with the HM Treasury
(8 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
There has been good news in Cannock and across the midlands. Employment is up by 6% in my hon. Friend’s constituency. Since entering Parliament, she has been a great champion of the businesses in her area. We are working together to give more power to people in the west midlands to take control of the decisions that affect them, and I welcome her support for that; and we are investing in major transport infrastructure and backing science in the west midlands as well. We are introducing a whole set of measures, but if my hon. Friend has specific ideas to help businesses in Cannock, my door is open.
Steven Paterson (Stirling) (SNP)
T5. How on earth will a £42 million cut over the next four years to the UK Trade & Investment budget enable it to become “a world class export and investment promotion agency”?
Mr Osborne
We set out today the strategy to give more direct help to our exporters across the United Kingdom, and Lord Maude presented to the Cabinet the proposals to do that. On getting lectures on public finances from Scottish nationalists, I have to say that we would be heading towards the break-up of our country in two months’ time if the people of Scotland had listened to the arguments of the Scottish nationalists, whose calculations were based on an oil price of $115, which at the time the right hon. Member for Gordon (Alex Salmond) described as “quite a conservative estimate”. The oil price is now less than $30. It would have been an absolute catastrophe for the people of Scotland if they had listened to the figures and economic advice given by the Scottish National party.