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Proceeding contribution from Owen Smith (Labour) in the House of Commons on Wednesday, 30 March 2011. It occurred during Grand Committee proceedings (HC) on The Budget.


The Budget

I must respond. I did not say that we know definitively that enterprise zones will not work. They might work, and we will scrutinise the evidence and offer an opinion of whether they have succeeded. If we have one in Pontypridd and it is successful, I will be the first to fete it. However, I urge him and his hon. Friends to look at the evidence of past success. It is not evident that such zones were successful, yet it was evident that the future jobs fund was succeeding. That is the mistake, because the fund cost a lot less money than enterprise zones might.


Secondary information

Type
Proceeding contribution
Reference
WGC c42 
Session
2010-12
Chamber / Committee
House of Commons Grand Committees
Subjects
Business Economic policy Public expenditure Wales Taxation Enterprise zones Budget March 2011
Link
View this Proceeding contribution on www.publications.parliament.uk