All 1 Tony Lloyd contributions to the Finance Act 2018

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Tue 28th Nov 2017
Budget Resolutions
Commons Chamber

1st reading: House of Commons

Budget Resolutions

Tony Lloyd Excerpts
1st reading: House of Commons
Tuesday 28th November 2017

(6 years, 5 months ago)

Commons Chamber
Read Full debate Finance Act 2018 Read Hansard Text Read Debate Ministerial Extracts
Greg Clark Portrait Greg Clark
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We need to embrace the technologies of the future. If we are in the lead, we can benefit from being the place that develops, applies and manufactures many of these products. Whenever we have taken the lead in this country, we have reaped the benefits. It is in those areas where we have lost our advantage that we have ended up importing goods and services from around the world. We need to lean into the future and ensure that we are the place in the world where the firms of the future locate to develop and manufacture their products.

Tony Lloyd Portrait Tony Lloyd (Rochdale) (Lab)
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The Secretary of State will probably not agree with this, but I believe that we still have a financial gap in this country, particularly when it comes to science and technology, because venture capitalists simply do not know how to make assessments on such things. Those people are also disproportionately located in this city region rather than other parts of the country. Will the right hon. Gentleman look seriously at the capacity of those industries to see whether we could make some structural changes that would benefit the whole nation?

Greg Clark Portrait Greg Clark
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I will indeed. I am coming on to precisely that point. The hon. Gentleman has a distinguished record of leading Greater Manchester—with some success—in promoting the vitality and attractiveness of that important part of the economy.

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Tony Lloyd Portrait Tony Lloyd (Rochdale) (Lab)
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The huge gulf across the Chamber between Government Members’ world of disbelief and Opposition Members’ world of reality mirrors how modern Britain is divided. Ministers are looking astonished, but Britain is a very divided society. The rich are doing extraordinarily well, but many other people are struggling. Public sector workers will once again have another year of pay cuts, and there is no money to fund any realistic investment in our public services. The police in Greater Manchester have been cut by 2,000 officers. There is less money for our local authorities, and in Rochdale, where social care and children’s services have been decimated by this Government, there has been no relief whatsoever.

I want to concentrate on productivity, which this Government claim they intend to make the keynote of this Budget. Let us look at the reality of what is taking place for those with intermediate skills. Rochdale, like many other towns across the north of England, needs investment in education and training, but what have we seen? Let me take Meanwood Primary School. It is a great school with great teachers, but this Government are putting the “Mean” into Meanwood because the school, despite the rhetoric of Conservative Members, has faced cuts this year. It has lost a teacher and teaching assistant hours. In effect, the school has been made worse for children from some of the most deprived parts of my constituency, which cannot be right. The further education college has been damaged by cuts. The figure of £4,000 per pupil has been consistent over the years but, de facto, that means cut after cut, and the real number of hours per student is far less than in almost any other OECD country. Intermediate skills are simply not being invested in as they should be.

I challenge this Government. Rochdale needs a Rochdale education challenge, just as there was a London challenge under the previous Labour Government. It is now up to this Government to get real and to have the ambition to change this nation. Quite frankly, given the complacency of Conservative Members, it is hard to believe that this Government can have the ambition that the people of this country deserve, so it is about time that they went and we had a Labour Government to show such ambition.