Proceeding contribution from John Hayes (Conservative) in the House of Commons on Thursday, 23 April 2009. It occurred during Budget debate on Amendment of the law.
Amendment of the law
The hon. Gentleman is making a case for the innovative industries, particularly in respect of what he has described as "green jobs". However, he will know that one feature of previous recessions has been that businesses tend to cut their investment in training and research and development. The Government's response has been relatively unsuccessful: the R and D tax credit and the Train to Gain schemes do not seem to be reaching small and medium-sized enterprises. My hon. Friend the Member for Sevenoaks (Mr. Fallon) spoke about venture capital for early-years and start-up businesses. Why did the Government not do more in that regard in the Budget?
Secondary information
- Type
- Proceeding contribution
- Reference
- 491 c438
- Session
- 2008-09
- Chamber / Committee
- House of Commons chamber
- Subjects
- Debts Banks Credit Budgets Finance Financial institutions Economic situation Economic growth Forecasts National income Public expenditure Loans Regulation Economic recession Taxation Budget April 2009 World economy
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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