(7 years, 10 months ago)
Commons ChamberI agree with my hon. Friend. The creative industries, together, have some claim to be Britain’s most successful sector in recent years—they have been growing very strongly. Sir Peter Bazalgette has agreed to work with the industries to look at what they need to build on that success in the future and to continue to create the great jobs they have produced. I look forward to that work.
I warmly welcome the Government’s new industrial strategy Green Paper, although it implicitly admits that the past six and a half years without an industrial strategy have been wasted. Having said that, the Materials Processing Institute has made a bid to be a metals catapult, and there is no mention of carbon capture and storage. Those issues are critical to the ability of any energy-intensive industries to go forward. Of real concern is certain BEIS civil servants’ views of virgin steelmaking capacity, and certain advice going to Ministers in relation to importing steel, rather than relying primarily on British-made steel, whether that is from Scunthorpe or Port Talbot. Will the Secretary of State please get up at the Dispatch Box and rule that out?
(8 years ago)
Commons ChamberIt is important that nuclear energy should form a key part of that. One of the pieces of neglect of the previous Labour Government is that they presided over the forecast closure of our nuclear fleet without making any plans to replace it. When I made the statement about Hinkley Point C, I also said that this would be the beginning of a new era of civil nuclear power in this country, and that is absolutely right.
In the week when we saw a great deal between Tata Steel and the Community trade union, largely down to Roy Rickhuss and the return of Ratan Tata, we also saw the merger of Baosteel and Wuhan Iron and Steel. What risk assessment has the Department made of market economy status for China and its effects on the British steel industry?
I join the hon. Gentleman in paying tribute to both Ratan Tata and Roy Rickhuss, as both the company and the unions have worked constructively together, and the progress is welcome. I have, with the Minister for Climate Change and Industry, a very regular dialogue with both employers and trade unions. As the hon. Gentleman knows, we have been active in making sure that we have the right trade defences against practices where countries dump steel unfairly in the UK market.
(8 years, 1 month ago)
Commons ChamberMy hon. Friend needs to direct that request to the Chancellor—I will pass it on when I see my right hon. Friend in Cabinet tomorrow—but he is right to remind the House that there is a range of attributes and strengths that makes this country attractive to overseas and domestic investors. It is important that, across the whole range, we get them right.
I warmly welcome the Secretary of State’s statement. The news is extremely important to the north-east economy, including companies such as Nifco and Teesport in the Teesside area. Nissan is a massive buyer of strip steel in the United Kingdom. Earlier this year after the steel crisis, Nissan was hunting around for new suppliers, usually in the European Union, for that chain. We have had a disastrous experience in the north-east prior to this announcement, which stands in contrast to the SSI Redcar situation that has happened on this Government’s watch. Although it has taken six years for the Government to understand what new Labour-style industrial activism is, I very much welcome that and the statement today.
I am grateful for the backhanded compliment. I am not sure that I would agree that this is new Labour-style industrial activism. The hon. Gentleman will know that it was a Conservative Government 30 years ago who secured Nissan for the UK, and I am proud that it is a Conservative Government who have secured its future in Britain.
(12 years, 1 month ago)
Commons Chamber5. What the level of public sector net borrowing was in the (a) first six months of 2012-13 and (b) equivalent period in 2011-12.
Public sector net borrowing totalled £37 billion in the first six months of 2012-13, compared with £62.4 billion in the equivalent period in 2011-12. However, income and expenditure vary throughout any year, and it is too early to draw firm conclusions about the year as a whole.
Between 2010 and 2015, debt will increase under the coalition by £465 billion in just five years in real terms. How much of that debt is due to an increase in borrowing for higher welfare benefit costs as a result of the Chancellor’s double-dip recession?
I am amazed that the hon. Gentleman has the temerity to talk about debt when the legacy of the previous Government has made it clear that it has been the worst in the G7. The Office for Budget Responsibility has said that the changes in Government spending have directly added to gross domestic product, and have helped matters, rather than subtract from it.
As my hon. Friend knows, every plan that is put forward is examined to determine whether it is sound, in the planning jargon, and compliance with that policy will be one of the tests of soundness.
Between July and December 2011, the Conservative party received more than £500,000 in donations. Will the Minister confirm or deny the amount of influence those developers had on this document?
I am very disappointed with this theme from the Opposition. It is the case that in the past the shadow Minister, when he was a Minister, received a donation from a property developer, a Mr Abrahams, who was somewhat controversial. I do not think for one moment that that influenced any policy thoughts in his head. I have absolute faith in the right hon. Gentleman’s integrity, and it would be a service to the House if other hon. Members extended the same courtesy.