Oral Answers to Questions

Tim Yeo Excerpts

Wednesday 28th January 2015 Commons Chamber

[The Prime Minister]

The hon. Gentleman mentions zero-hours contracts. The Government he supported did nothing about them; we have legislated. He mentions payday lending—an industry that boomed under Labour; regulated properly under this Government. He talks about queues. What about the queue of people who have been getting jobs under this Government—over 1,000 a day?

I have to say, I thought the hon. Gentleman might have taken a different tack today, because if you read the newspapers, you can get quite nostalgic. You’ve got Blairites fighting Brownites; you’ve got Peter Mandelson taking out a great big loan. I thought the hon. Gentleman might get all nostalgic on us; it is just like the old days.

[Mr Tim Yeo (South Suffolk) (Con)]

Q6. Britain’s economic success is making it possible for the northern powerhouse to transform the fortunes of an important part of our country. Does my right hon. Friend agree that investment in science, such as in the new institute for advanced materials—the Henry Royce institute—supports our top universities and will promote innovation, which will bring back high quality manufacturing jobs to the north of England?

[The Prime Minister]

My hon. Friend is absolutely right to raise this. One of the most important decisions we took while making difficult spending decisions was to maintain the investment into science. We have also improved our universities by making sure they are properly funded. This combination of science and universities is going to be an absolute key to Britain’s future economic success. I am delighted that we have got the £235 million investment into the new Sir Henry Royce Institute for Materials Research and Innovation in Manchester. This is a key part of the northern powerhouse project, which is going to properly rebalance our economy and make sure we see growth and prosperity in every region.