Oral Answers to Questions

Guy Opperman Excerpts

Wednesday 5th November 2014 Commons Chamber

[The Prime Minister]

I will tell the hon. Lady what is immoral, and that is racking up debts for our children that we are not prepared to pay ourselves. That is what we inherited. We inherited the biggest budget deficit of any country anywhere in the world. That is the moral—or rather immoral—inheritance that we received from the Labour party.

[Guy Opperman (Hexham) (Con)]

Q10. Returning to the economy, is the Prime Minister aware that the region with the most tech start-ups outside London, the fastest rate of growth in private sector businesses over the last quarter, and the highest rise in the value of exports, is the north-east of England? Does he agree that we should stick to the long-term economic plan so that we can all have the benefit of that?

[The Prime Minister]

My hon. Friend makes an important point. It is notable when we look at things like small business creation, exports and investment that growth is coming from around the country, including the north-east. That is a huge contrast with 13 years of Labour when in our economy, for every 10 jobs created in the south only one was created in the north. That is the record of the last Labour Government. We need to increase entrepreneurialism and start-ups in every part of our country—that is what start-up loans and the enterprise allowance scheme are doing. There is a new spirit of enterprise in Britain, and this Government are backing it.