Oral Answers to Questions
Debate between Vince Cable and Paul Maynard(10 years, 7 months ago)
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Vince Cable
Absolutely not. The only concern from the industrial point of view is that energy-intensive industries should have those costs offset. Under the mechanism the Chancellor has proposed, which we are now pursuing through the European Commission, they will be offset.
Paul Maynard (Blackpool North and Cleveleys) (Con)
T1. If he will make a statement on his departmental responsibilities.
The Secretary of State for Business, Innovation and Skills (Vince Cable)
My Department’s objectives are to pursue economic growth and recovery by investing in skills and innovation.
Paul Maynard
As we have just heard, the carbon floor price in the UK remains significantly higher in the EU, despite the welcome changes in the Budget. What specific assessment has the Secretary of State made of the investment decisions taken by international energy-intensive companies, such as those that operate in my constituency?
Vince Cable
I think I largely answered that question a few moments ago, but the point I would emphasise is that despite the disadvantage of costs, albeit with the compensation we are now proposing, we have had very substantial investment in our energy-intensive industries. The steel industry, in particular, has been an exemplary example of long-term investment by Tata.
Oral Answers to Questions
Debate between Vince Cable and Paul Maynard(13 years, 10 months ago)
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Vince Cable
The Welsh position with respect to regional development is different from the position in England, but I will be going to Wales shortly, together with the Secretary of State for Wales, to talk about how we can promote manufacturing and enterprise there.
Paul Maynard (Blackpool North and Cleveleys) (Con)
T3. Last night I had the pleasure of meeting three community learning champions from Blackpool at an event promoted and organised by NIACE—the National Institute of Adult Continuing Education—but funded by this Department. Does the Minister of State agree that money spent on informal adult learning needs to be valued and assessed for the benefits that it brings, because of its life-changing impact, and that money spent on informal adult learning is money that does not need to be spent on either the welfare system or social care?