Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Aidan Burley Excerpts
Tuesday 21st June 2011

(12 years, 10 months ago)

Commons Chamber
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Justine Greening Portrait Justine Greening
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The right hon. Gentleman’s hearing must be suffering, because he obviously did not hear my earlier answer to the hon. Member for Denton and Reddish (Andrew Gwynne).

Aidan Burley Portrait Mr Aidan Burley (Cannock Chase) (Con)
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T4. Dr Adrian Steele, the managing director of Mercian Labels in Cannock, has just been named as one of the midlands’ most promising entrepreneurs. His company supplies labels and barcodes to the medical industry and employs 32 people. Does the Chancellor agree that it is small business entrepreneurs such as Dr Steele who will grow our economy back to strength, and will he continue to support manufacturers, who were shamefully neglected by the Labour party?

George Osborne Portrait Mr George Osborne
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My hon. Friend is right. Manufacturing halved as a share of our economy under the Labour Government and financial services grew dramatically over that period. Since the last election, manufacturing output is up 4.2% and the private sector has created more than 500,000 new jobs net, which is all good news. The example he brings to the Chamber is just one of many companies that are investing and employing people, and despite a choppy recovery we should celebrate that.