Financial Statement Debate

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Department: HM Treasury
Wednesday 23rd March 2022

(2 years, 1 month ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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I fear this is getting a little repetitive. I believe that we will see more investment in British industry, more investment in the North sea, more energy security and more jobs created. I look forward to companies bringing forward their plans for that in the coming weeks and months.

Alex Norris Portrait Alex Norris (Nottingham North) (Lab/Co-op)
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I am old enough to remember when levelling up was the centrepiece of the Government’s domestic policy. People will be incredulous that we did not hear a single mention of it from the Chancellor this afternoon. He talks of low growth; we have low growth because we are not unleashing the potential of the regions of this country. It is time for the Chancellor to just admit that levelling up is a sham.

Rishi Sunak Portrait Rishi Sunak
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The White Paper from the Secretary of State for Levelling Up, Housing and Communities was in fact warmly welcomed by many colleagues from across the House. More broadly, is backed up with tens, if not hundreds, of billions of pounds of extra funding. The results are seen in our employment growth, which has been strongest in those regions outside London and the south-east.