(8 years, 3 months ago)
Commons ChamberI shall say two things to the hon. Lady. First, as I said to the hon. Member for Norwich South (Clive Lewis), the Conservative-led Government’s task in restoring sanity to the public finances was absolutely foundational to a successful industrial strategy. Secondly, she will be aware that this Government have been particularly innovative in extending childcare to many people who previously were not able to access it. That is an important foundation on which we build.
Does my right hon. Friend agree that many of the highly impressive propositions on technical education in the Green Paper owe their origin to the work undertaken by our hon. Friend the Member for Grantham and Stamford (Nick Boles) when he drew up the skills plan that was laid before the House in July? Does he further agree that the success of specialist maths schools at King’s College London and the University of Exeter is an example that other universities should follow if they hope to hang on to their current high level of tuition fees?
I endorse very warmly the due acknowledgement that my right hon. Friend makes to our hon. Friend the Member for Grantham and Stamford (Nick Boles), who made a massive contribution. In fact, I texted him yesterday to flag up the fact that many of the proposals in the Green Paper owe their origin to him. We wish him well in his recovery.
I commend very warmly the examples of the maths schools mentioned by my right hon. Friend. To expand maths schools throughout the country so that people with a real flair for maths can be pushed further and be equipped to go even higher in their ambitions is a fantastic thing. Whether in Exeter or London, that is a good template for others to follow.
(8 years, 5 months ago)
Commons ChamberI congratulate my right hon. Friend on his statement today. We all know that the dynamic growth on which our future depends will be secured only if there is public support for the free market system that generates such growth. To that end, what more can he say about ensuring that we have working-class representatives at the heart of decision making in our great companies, and about effective curbs on executive pay when pay follows failure?
As ever, my right hon. Friend makes his points powerfully. It is important that all the talents are represented in our boardrooms, for that is how we will achieve corporate and industrial success in this country. It forms part of the case we make in the Green Paper. Pay is appropriate when it is to attract the best talent and to reward success, but what is not in the interests of the company or confidence in industry is when pay does not reflect performance.
(8 years, 6 months ago)
Commons ChamberI am grateful for the generous compliment the Chairman of the Select Committee pays me. I am certainly not going to disagree with him on what he said about the north-east, but I should say that Kent ranks equally. I am looking forward to coming before his Select Committee, not only to answer questions but to talk about the industrial strategy. The approach I not just intend to take but am already taking is to take time to meet the firms in our economy and understand the different needs of different sectors, so that we can be informed by them as we form our negotiating mandate. Those needs will obviously be different from sector to sector, and my commitment, which we will share when we meet in his Committee, is through our industrial strategy to make sure that we have confidence both for individual sectors and for individual places, because there is a very interesting confluence there. Investment in Nissan is good for the sector and good for Sunderland and the north-east.
I should declare an interest as a driver—albeit not a very good one—of a Nissan Qashqai. For years, we have had calls from across the House for an activist, interventionist Business Secretary who is prepared to do everything possible in order to secure jobs for working-class people in disadvantaged parts of the country. Now we have one, can my right hon. Friend explain why Opposition Members will not take yes for an answer? Was Oscar Wilde not right that there is only one thing worse than not getting one’s heart’s desire and that is getting it?