Tracy Brabin
Main Page: Tracy Brabin (Labour (Co-op) - Batley and Spen)Department Debates - View all Tracy Brabin's debates with the HM Treasury
(4 years, 1 month ago)
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Thank you for calling me in this important debate, Mr Efford. It is a pleasure to serve under your chairmanship. I congratulate my hon. Friend the Member for Barnsley Central (Dan Jarvis) on successfully applying for the debate and on the work he does as an advocate for the north. He has shown in his role as Mayor that devolution can be a powerful engine for real change in the north.
The Government talk a lot about levelling up. As we move on from covid, there is an opportunity for them to show whether they mean it. For too long, the north has been left behind when it comes to investment. The figures speak for themselves. The Institute for Fiscal Studies recently examined the five most recent years of data and found that capital investment per person in London averaged £1,461 per year over the five-year period, compared with an average of £851 across the rest of the UK. Investment in transport in London was £688 per person per year, which is 2.8 times higher than the average of £247 across the rest of the UK. If the Government wanted to level up the north, then take, for example, research and development—to do that today, they would need to give us £500 million to make us equal with the south.
We know that economic hardship is on its way, and the impact on West Yorkshire could be severe. The worst-case scenario estimates 58,000 jobs lost in the next year, leading to an unemployment rate of 14% and £12 billion wiped from the value of the regional economy. As someone who grew up on a council estate in Batley and on free school meals, I know the crushing frustration and boredom of poverty, and I know that children will be hyper-exposed to this downturn.
It is time for big thinking and bold ideas. Using our local leaders and local levers, there is an opportunity to transform the economic imbalance of our country. West Yorkshire already has the vibrant cities of Bradford and Leeds. They are already economic powerhouses, but with fairer investment they could deliver so much more.
It is a lucky day for the Minister, because the West Yorkshire combined authority has an economic plan to support our area out of covid-19. Ahead of the spending review, I urge the Minister please to look closely at those proposals, which call for £2 billion over the next five years to support the region’s economic and transport recovery. This includes: a £194 million fund to support specific projects to tackle the climate emergency, fund new flood-alleviation schemes, create new jobs and help people gain the skills needed for those roles; £340 million to support aspiring entrepreneurs from all backgrounds to start their own businesses; funding to improve our transport network in an integrated plan for the north, as well as short and long-term funding for the region’s bus network; devolution of adult skills funding and £465 million to support the range of measures designed to lower unemployment and increase opportunities.
It is ideas such as these, and more in the plan, that will, if backed by Westminster, help West Yorkshire to build back better. The north has great plans and ambitions for its own future. I support the argument from my hon. Friend the Member for Barnsley Central that the time for tinkering is over: extend the local growth fund, implement the UK2070 Commission’s recommendations, and invest in transport. We can level up—it is possible—we just need the Government to back us.