Oral Answers to Questions
Debate between Alison McGovern and Michael Connarty
Alison McGovern (Wirral South) (Lab)
9. What recent representations he has received on the proposed changes to financial support for solar PV.
Michael Connarty (Linlithgow and East Falkirk) (Lab)
15. What recent representations he has received on the proposed changes to financial support for solar PV.
Europe
Debate between Alison McGovern and Michael Connarty(11 years, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Alison McGovern
To help the hon. Gentleman, let me point out that what went horribly wrong was that the financial services industry invested in complicated products that it told us would help to manage risk, but it turned out that they made the risks worse. That sparked a financial crisis, and that has led to the problems that I have been describing.
We need a rebalancing of our European economy, and we need to think about how we can address the significant problem of inequality that is being created. In a recent Mansion House speech, the Chancellor of the Exchequer said that he was not in favour of a stimulus because it would lead to leakage in relation to imports. An EU-wide plan therefore makes sense, because we are part of a trading bloc and we should be working together to improve our shared economy. My right hon. Friend the Member for Southampton, Itchen (Mr Denham), who is sadly no longer in his place, mentioned state aid rules to rebalance areas of the economy that use high technology. It makes sense to work with our European colleagues on rebalancing.
Some commentators have advanced the idea of a youth contract whereby we could use unused structural funds for a European youth guarantee. I would argue that in order to tackle youth unemployment we need to learn the lessons of the projects proposed by the best of our town halls in the UK and the best countries around the world that have used active labour markets to tackle these problems. If there are funds available in Europe, we should work together with colleagues to get them to the heart of the problem.
Michael Connarty
My hon. Friend is talking about youth unemployment and employment strategies. Unfortunately, the proposal made by the Irish presidency to have a four-month trigger point at which all young people would have the guarantee of a job, which is better than what is offered in the UK, seems to be getting very short shrift from the UK Government.
Alison McGovern
My hon. Friend makes my point for me. For me, being in politics is not about standing in this Chamber thinking that we have all the answers; it is about listening to and working with colleagues in town halls in this country and across the European Union to solve the problem together.
Finally, there is no doubt that if we want to get people in Europe working, we need to trade. In my view, we should listen to the President of the United States of America.