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Backbench debate on Thursday, 11 November 2010, in the House of Commons, led by Lord Redwood. The answering member was Mark Prisk.

Policy for Growth

Seventh backbench debate (part two). Motion lapsed.

Secondary information

Type
Parliamentary proceeding
Reference
518 c476-539 
Session
2010-12
Department
Department for Business, Innovation and Skills
Chamber / Committee
House of Commons chamber
Proceeding contributions
Speaker | 518 c516 (Link to this contribution) Order. There are 16 speakers trying to catch my eye, so I am going to reduce the time limit on speec...
Speaker | 518 c479 (Link to this contribution) As colleagues will see, this is a very popular and important debate, and a number of colleagues wish...
Show all contributions (116)
Louise Mensch | 518 c481 (Link to this contribution) Is my hon. Friend aware of the invidious practice, so prevalent in my constituency, whereby banks as...
Sam Gyimah | 518 c481 (Link to this contribution) Thank you, Mr Deputy Speaker, for allowing me to speak in this important debate. In the short time t...
Chuka Umunna | 518 c481 (Link to this contribution) Will the hon. Gentleman give way?
Sam Gyimah | 518 c481 (Link to this contribution) I agree 100%. For many small business men or women, the only way in which they can get the banks to ...
Ian Murray | 518 c481 (Link to this contribution) Will the hon. Gentleman give way?
Sam Gyimah | 518 c481 (Link to this contribution) Sorry, I do not have much time. Another thing that the Government can do, in particular, is look at...
Sam Gyimah | 518 c481-2 (Link to this contribution) Sorry, I have to push on. We need to look at not only national insurance, but the VAT threshold. Id...
Michael Dugher | 518 c483-4 (Link to this contribution) I will not; Yorkshire men are normally very generous, as the hon. Gentleman knows, but we are short ...
Ian Swales | 518 c484-5 (Link to this contribution) I should like to speak about growth through green technology, on which the Government have clear pol...
Chuka Umunna | 518 c487 (Link to this contribution) Will the hon. Gentleman give way?
Julian Smith | 518 c487 (Link to this contribution) As a small business owner, dealing with employment law took more hours of my time than any other man...
Ian Mearns | 518 c485-7 (Link to this contribution) We need to put into context the debate on economic growth, or as I might, surprisingly, put it, the ...
Rachel Reeves | 518 c488 (Link to this contribution) I thank the Backbench Business Committee and the right hon. Member for Wokingham (Mr Redwood) for or...
Julian Smith | 518 c487-8 (Link to this contribution) I am sorry but I will not, because then I would be biased. As a head hunter working with some of th...
Julian Smith | 518 c487 (Link to this contribution) I am sorry, but I will not. Statistics do not take into account the effect on small businesses of t...
Caroline Lucas | 518 c502-3 (Link to this contribution) Many hon. Members have talked about the need for more and more economic growth to get us out of the ...
Adam Afriyie | 518 c503 (Link to this contribution) The hon. Lady makes the very powerful point that money and economic well-being are not everything in...
David Mowat | 518 c501 (Link to this contribution) There is a risk of that, but the nuclear power industry needs to press ahead quickly, which it did n...
Caroline Lucas | 518 c503 (Link to this contribution) I thank the hon. Gentleman for his comments.
Sam Gyimah | 518 c498 (Link to this contribution) The right hon. Gentleman mentioned the G20. What the country needs now is not global summits and pho...
David Mowat | 518 c500-1 (Link to this contribution) I am about to address infrastructure. We need High Speed 2 to link the north-west as quickly as poss...
Alison McGovern | 518 c500 (Link to this contribution) Like the hon. Gentleman, I am finding a lot of cross-party agreement and I agree with much of what h...
David Mowat | 518 c499-500 (Link to this contribution) One of the great pleasures of speaking in this place is occasionally hearing Members of the Oppositi...
Pat McFadden | 518 c498-9 (Link to this contribution) If the hon. Gentleman wants to talk about outcomes, I would remind him that the action that the Labo...
Ian Murray | 518 c506-7 (Link to this contribution) I will make some progress, if I may. The instability of the job market is causing customers great u...
Speaker | 518 c507 (Link to this contribution) I am trying to see who is standing. I was going to take Andrew Bridgen, but I cannot see him. Ah, he...
Andrew Bridgen | 518 c507 (Link to this contribution) I was standing up, Mr Deputy Speaker. [Laughter.] Thank you for the opportunity to speak in this mos...
Thomas Docherty | 518 c507 (Link to this contribution) Will the hon. Gentleman give way?
Caroline Lucas | 518 c503-4 (Link to this contribution) Absolutely. The green investment bank will be critical to the transition that we need, but it absolu...
Andrea Leadsom | 518 c503 (Link to this contribution) I, too, commend the hon. Lady's very powerful points. Does she agree that there is an opportunity to...
Lord Harrington of Watford | 518 c504-5 (Link to this contribution) I join my hon. Friends the Members for Windsor (Adam Afriyie) and for South Northamptonshire (Andrea...
Mel Stride | 518 c506 (Link to this contribution) Will the hon. Gentleman give way?
Ian Murray | 518 c505-6 (Link to this contribution) Let me start by congratulating the right hon. Member for Wokingham (Mr Redwood) on securing this imp...
Chuka Umunna | 518 c493 (Link to this contribution) I recognise the hon. Gentleman's comments about lending and about the struggles of small businesses ...
Owen Smith | 518 c493 (Link to this contribution) Does the hon. Gentleman agree that the principal component of that growth figure of 0.8% was in the ...
Brian Binley | 518 c493 (Link to this contribution) That is absolutely incorrect. Construction has played its part, but not house building. If the hon. ...
William Bain | 518 c491-2 (Link to this contribution) Thank you for giving me the opportunity to contribute to this timely debate, Mr Deputy Speaker. It i...
Brian Binley | 518 c492-3 (Link to this contribution) I congratulate the hon. Member for Glasgow North East (Mr Bain) on his speech, and I refer him to th...
Sam Gyimah | 518 c491 (Link to this contribution) Does my hon. Friend think it important that the Government ensures that banks do not use the enterpr...
Mike Weatherley | 518 c491 (Link to this contribution) I agree entirely. UK Music has identified situations where banks will not lend to music businesses, ...
Mike Weatherley | 518 c490-1 (Link to this contribution) Many Members will now be aware that the expertise I bring to the House includes music-related issues...
Rachel Reeves | 518 c488-90 (Link to this contribution) When the hon. Gentleman makes his speech, perhaps he will explain the exchange rate mechanism crisis...
Mel Stride | 518 c488 (Link to this contribution) Will the hon. Lady tell the House what the lesson was of 1976, when a former Labour Chancellor had t...
Margot James | 518 c496-8 (Link to this contribution) It is clear to me that the private sector's unleashing of enterprise and entrepreneurialism is what ...
Elizabeth Truss | 518 c495 (Link to this contribution) Is it not the case that between 1998 and 2009, under the last Government, productivity increased by ...
Jamie Reed | 518 c495-6 (Link to this contribution) I do not disagree with those facts, but I do not think that they are germane to the ““Public bad, pr...
Andrew Bridgen | 518 c496 (Link to this contribution) Will the hon. Gentleman give way?
Jamie Reed | 518 c496 (Link to this contribution) If the hon. Gentleman will forgive me, I will not give way again. I have already done so twice. At ...
Jamie Reed | 518 c494-5 (Link to this contribution) It is, as usual, an absolute pleasure to follow the hon. Member for Northampton South (Mr Binley). I...
Brian Binley | 518 c493-4 (Link to this contribution) I want to see more, but we must also recognise that the mess that the last Government got the banks ...
Sam Gyimah | 518 c495 (Link to this contribution) I think that what the Government are trying to say is that the state is not the same thing as the ec...
Kelvin Hopkins | 518 c511 (Link to this contribution) Indeed, in the short term, we would borrow it. Another factor that the Government constantly ignore ...
Andrew Bridgen | 518 c510 (Link to this contribution) Where would the money come from? Which bit of ““There's no money left”” is the hon. Gentleman failin...
Kelvin Hopkins | 518 c509-10 (Link to this contribution) It is a pleasure to follow the hon. Member for North West Leicestershire (Andrew Bridgen), although ...
Thomas Docherty | 518 c509 (Link to this contribution) On the relocation of factories, does the hon. Gentleman accept that the localism plans of the Secret...
Andrew Bridgen | 518 c509 (Link to this contribution) As so often, the hon. Gentleman is completely wrong. By incentivising local government by offering—p...
Susan Elan Jones | 518 c508 (Link to this contribution) Would the hon. Gentleman support more efforts to increase access to broadband, given that the lack o...
Andrew Bridgen | 518 c508-9 (Link to this contribution) I would, and I have asked questions about that of the Minister in this very Chamber. It is important...
Thomas Docherty | 518 c507 (Link to this contribution) I can see why so many people love the hon. Gentleman. Does he not accept that if the last Government...
Andrew Bridgen | 518 c507-8 (Link to this contribution) I thank the hon. Gentleman for his comments. When the previous Prime Minister stepped in, the econom...
Adrian Bailey | 518 c515-6 (Link to this contribution) I welcome this debate. The Office for Budget Responsibility's projections make it clear that if the ...
Andrew Bridgen | 518 c515 (Link to this contribution) Does my hon. Friend agree that so-called banker-bashing is extremely unhelpful?
Jane Ellison | 518 c515 (Link to this contribution) It is unhelpful. The banking sector's mistakes and the problems with lending are well documented. Th...
Alison McGovern | 518 c515 (Link to this contribution) Will the hon. Lady acknowledge that our leading role in the financial services industry was one reas...
Jane Ellison | 518 c515 (Link to this contribution) I am happy to take the hon. Lady's point, and I have acknowledged it. I am trying to get across the ...
Chris White | 518 c511-2 (Link to this contribution) I wish to approach this debate from a slightly different angle. According to the National Council fo...
Austin Mitchell | 518 c512-3 (Link to this contribution) I warmly welcome this important debate—the first of its kind I can remember in my long years of serv...
Jane Ellison | 518 c513-5 (Link to this contribution) I would like to touch on a couple of specific points and, if there is time, to make a more general p...
Lord Redwood | 518 c476-7 (Link to this contribution) I beg to move,"That this House has considered the matter of policy for growth." It gives me great p...
Lord Redwood | 518 c477 (Link to this contribution) No, I do not think that is true at all. The reason we are now beginning to come off the bottom is th...
Kelvin Hopkins | 518 c477 (Link to this contribution) Is not what is happening now simply the lagged effects of the Labour Government's reflations out of ...
Virendra Sharma | 518 c479 (Link to this contribution) I am grateful for the opportunity to speak in this important debate. Economic growth in the UK in th...
Mel Stride | 518 c479 (Link to this contribution) Will the hon. Gentleman give way?
Lord Redwood | 518 c477-9 (Link to this contribution) I shall not because we have to make progress. The £92 billion will go further if we can avoid high i...
Virendra Sharma | 518 c479-80 (Link to this contribution) I have the facts here and we must agree to differ on their interpretation. The Governor of the Bank...
Virendra Sharma | 518 c479 (Link to this contribution) Let me make some progress and the hon. Gentleman can try again. Secondly, having been caused by int...
Lord Johnson of Marylebone | 518 c479 (Link to this contribution) On a point of fact, the Governor of the Bank of England did not say that the growth outlook was trem...
Lord Redwood | 518 c477 (Link to this contribution) I shall not give way, because many colleagues want to join in. The hon. Gentleman knows that I norma...
Mel Stride | 518 c477 (Link to this contribution) Will my right hon. Friend give way?
Jamie Reed | 518 c501 (Link to this contribution) The hon. Gentleman is making some terrific points, and I agree with many of his comments so far. He ...
Jamie Reed | 518 c495 (Link to this contribution) I entirely agree. This is not just about the state. However, economic policy should not be used in a...
Mark Prisk | 518 c535-8 (Link to this contribution) May I congratulate my right hon. Friend the Member for Wokingham (Mr Redwood) not only on securing t...
Michael Dugher | 518 c482-3 (Link to this contribution) Thank you, Mr Deputy Speaker, for the opportunity to speak briefly in this debate. For the past six...
Pat McFadden | 518 c498 (Link to this contribution) This is a timely debate. We have learned that my hon. Friend the Member for Glasgow North East (Mr B...
Lord Redwood | 518 c538-9 (Link to this contribution) I thank all who participated in this debate. It is a sign of the success of the Backbench Business C...
Tom Greatrex | 518 c524 (Link to this contribution) I thank my hon. Friend for his intervention. Given the amount of time left, I shall say only that I ...
Lisa Nandy | 518 c520-1 (Link to this contribution) I begin by congratulating the Backbench Business Committee on securing this debate. Unemployment in ...
Neil Carmichael | 518 c521-2 (Link to this contribution) In the spirit of general agreement with some of the other speakers, I wish to say, first, that the h...
Richard Fuller | 518 c519-20 (Link to this contribution) I am fortunate enough to have studied at a business school to get an MBA. I do not know whether that...
Neil Carmichael | 518 c522 (Link to this contribution) All right, calm down. I thank my right hon. Friend for securing this excellent debate, because he is...
Jeremy Lefroy | 518 c526-7 (Link to this contribution) I am afraid that I will not, because other Members wish to speak. A recent report by the Institute ...
Alison McGovern | 518 c530-1 (Link to this contribution) I never thought that I would stand in a Back-Bench debate on growth—the debate is most welcome—and q...
Sheila Gilmore | 518 c531-2 (Link to this contribution) It is always interesting to listen to such Back-Bench debates because there is a high degree of cons...
Mel Stride | 518 c524-5 (Link to this contribution) I welcome the opportunity to speak in this debate about growth. As my hon. Friend the Member for Mid...
Yasmin Qureshi | 518 c525-6 (Link to this contribution) I wanted to contribute to the debate initially by talking about growth policy, but we have heard Con...
Chris Leslie | 518 c533-5 (Link to this contribution) There have been some excellent and increasingly succinct contributions to this welcome debate on gro...
Chris Williamson | 518 c532-3 (Link to this contribution) I will be brief. I want to talk about the importance of construction to the growth agenda in this co...
Stella Creasy | 518 c518-9 (Link to this contribution) It is with some trepidation that Labour Members listen to the economic forecasters who speak of thei...
Tom Greatrex | 518 c523 (Link to this contribution) Like others, I congratulate the right hon. Member for Wokingham (Mr Redwood) on securing the debate....
Ian Murray | 518 c523 (Link to this contribution) I know we are tight for time, but this is a crucial point. Is it not strange that no Members from th...
Lord Redwood | 518 c522 (Link to this contribution) Wokingham. Workington would be quite a win.
George Freeman | 518 c516-8 (Link to this contribution) As a shareholder in UK plc, I am delighted that at this year's emergency general meeting, the shareh...
Jeremy Lefroy | 518 c526 (Link to this contribution) I will confine my remarks to two areas: exports, about which the hon. Members for Rutherglen and Ham...
Graham P Jones | 518 c526 (Link to this contribution) Will the hon. Gentleman give way?
Owen Smith | 518 c527-8 (Link to this contribution) I, too, thank the right hon. Member for Wokingham (Mr Redwood) for securing today's debate. I always...
James Morris | 518 c528-9 (Link to this contribution) I welcome the debate introduced by the right hon. Member for Wokingham (Mr Redwood). It comes at a c...
Joan Walley | 518 c529-30 (Link to this contribution) In the four minutes that I have, I wish to say to the House that a Backbench Business Committee-led ...
Subjects
Banks Capital investment Credit Financial services Economic growth Inflation Public expenditure Mortgages Policy Small businesses Regulation Taxation Cuts
Link
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