(6 years, 9 months ago)
Commons ChamberAt the autumn statement, I made a conscious decision to borrow an additional £23 billion for investment in economically productive infrastructure projects—a conscious decision to address one of the challenges we face in improving Britain’s productivity. The Government will continue to combine a prudent fiscal approach with investment in our future through productivity-raising measures.
T7. The new Conservative Mayor of the Tees Valley, Ben Houchen, is setting up the first mayoral development corporation outside London on the former SSI site in Redcar. The regeneration of the site and the attraction of inward investment are obviously vital. Will my hon. Friend work with me and the Mayor to deliver the best outcome for the site and the local economy?
The South Tees Site Company is currently undertaking ground investigations to assess the levels of any contamination on the SSI site. The mayoral development corporation is leading on the development of plans for the future of the site. I look forward to working with my hon. Friend, the Mayor of the Tees Valley and others to promote the economy of the area.
(6 years, 10 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
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I do not recognise that figure. I outlined the increments we have seen in areas such as teaching, nursing and the armed forces. We need to make sure we have a balance between fairness and affordability, and I outlined that earlier, too. That is what we have been doing and that is why we have been able to sustain high-quality public services at the same time as reducing the deficit and seeing the lowest unemployment for 40 years. The fact is that unsustainable increases in public spending would lead to higher taxes, higher interest rates and a much worse outcome for working people.
Does my right hon. Friend agree that the fact we are spending more on debt interest than on our schools perfectly encapsulates the reason why we need to be fair across the generations when it comes to setting public sector pay? Does she agree that there is nothing right or moral in making cheap promises based on money we do not have?
The Labour Government left us with a huge deficit and a huge debt, which we have had to deal with over the last Parliament. It continues to hang over us, which is why the only path is the sustainable path of making sure we grow our economy, so we can enjoy even better public services and see people’s pay rise across the board.