Proceeding contribution from Lord Redwood (Conservative) in the House of Commons on Thursday, 22 October 2009. It occurred during Topical debate on Economic Recovery.
Economic Recovery
I am sure that that is one of the constraints. Businesses always need more skilled people at all levels. A better system for apprenticeships might well help. One of the additional constraints at the moment is that businesses cannot raise money. They cannot borrow cash or get working capital out of the banks because we have a lopsided banking system that is channelling huge sums of money into the public sector, but not into the private sector. They cannot borrow the money from the commercial banks because of the mistaken policy, and they are not getting the money in turnover because they are not getting the benefit of the orders. Every time that public sector cash is spent on an import, it is not doing the good that it could do if it was spent on a domestically produced product, because it means that we are still keeping people on the dole, untrained and unable to produce that good.
Secondary information
- Type
- Proceeding contribution
- Reference
- 497 c1087
- Session
- 2008-09
- Chamber / Committee
- House of Commons chamber
- Subjects
- Companies Exports Economic situation Imports National income Manufacturing industries Small businesses Economic recession
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-21 19:57:35 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_587647
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