Oral Answers to Questions
Debate between Vince Cable and Ian Mearns
Ian Mearns (Gateshead) (Lab)
I am sure the Secretary of State will have noted that, while unemployment fell by 5,000 this week across the UK, it rose in the north-east of England by 4,000 to 131,000. That means that 10.1% of our working population, and 24.9% of our young people, are now unemployed. Will he meet me and other colleagues to discuss how we can alleviate that individual suffering and unleash the potential of the north-east economy?
Vince Cable
The hon. Gentleman is right to say that there are particular problems in the north-east of England, but they are far from new. I was in his constituency a few weeks ago when I visited Durham and Tyneside. The great potential of the north-east is that it is a major manufacturing area of the UK with a strong export intensity. If we can achieve the rebalancing of the economy, as we are determined to do, the north-east could be one of the main beneficiaries. I am happy to meet him to talk further about that.
Industrial Strategy
Debate between Vince Cable and Ian Mearns(12 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text
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Vince Cable
I am very happy developing the strategy at the moment and am open to any support from all comers.
Ian Mearns (Gateshead) (Lab)
There has been some discussion in the press this morning in the north-east of England about the Deputy Prime Minister establishing a new inquiry into the growth of the north-east as an economy, involving people such as the chief executive of Northumbrian Water and the Bishop of Durham, with Lord Adonis as the chair. What does the Secretary of State think he can do in conjunction with an inquiry of that nature to grow confidence in the economy so that British business starts to invest the £700 billion that it is sitting on?
Vince Cable
I recognise that there are severe problems in the north-east, as I have been there many times and I have talked first hand to representatives and to the business people involved. The north-east has one potentially major advantage in an economy that is rebalancing, as manufacturing forms a high proportion of its total economy, as do exports. I was last in Newcastle a few weeks ago, and there are many good, positive new industrial developments on the Tyne. That might be an indication of better things to come, as might developments in the car industry in that part of the country.
Industry (Government Support)
Debate between Vince Cable and Ian Mearns(14 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Ian Mearns (Gateshead) (Lab)
The Secretary of State mentioned the due diligence being conducted on particular projects. The Prime Minister has referred to Lord Mandelson going round the country with a massive cheque book, handing out hundreds of millions of pounds, two thirds of which he said went into Labour marginal constituencies. Will the due diligence also involve taking a close look at where that money is being spent, particularly where those Labour marginal seats are now held by members of the coalition parties?
Vince Cable
Yes, indeed; we are looking at all the projects in a completely practical way. As I said, some of them are good, and some of them are not. It is as simple as that.