The Economy Debate

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Department: HM Treasury

The Economy

Gareth Johnson Excerpts
Thursday 4th June 2015

(8 years, 11 months ago)

Commons Chamber
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Chris Leslie Portrait Chris Leslie
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I know that the hon. Gentleman wants to make his political points, but I think we have a duty to ensure that we examine far more forensically the drivers of economic productivity and the growth that will help us to repair the public finances more successfully. That is the agenda we have to follow.

These are serious times, and we needed a serious Queen’s Speech agenda to address Britain’s long-term economic challenges. We should not forget that progress in our economy is still fragile and the recovery is still too constrained. The economy remains fraught with pressures, which have been heaped on the shoulders of many working people. For example, the number of people who have to work a second job in order to get by has increased dramatically in recent years, and a record number of pensioners are returning to the labour market. Indeed, the number of over-65s in employment has increased by more than 8% over the past year alone. The Office for National Statistics says that our share of high-skilled jobs is falling. The Government’s vision for Britain is one of a low-wage, bargain-basement economy. That is not the vision of a party for working people.

Gareth Johnson Portrait Gareth Johnson (Dartford) (Con)
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I am listening to the hon. Gentleman carefully, but he has said very little about job creation under the previous Government. Will he take this opportunity to recognise that we now have record numbers of people in work in this country, which contrasts with the fact that no Labour Government, from the time they came into power to the time they left, have ever managed to bring down unemployment?

Chris Leslie Portrait Chris Leslie
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I do not know whether the hon. Gentleman has seen the ONS report published yesterday, but it shows that we are losing high-skilled employment in this country and that gradually it is being replaced with low-skilled employment, which is a real worry. We need to ensure that we compete in the world on the basis of a high-skilled, virtuous cycle. I think that he would be complacent if he ignored what is happening in our economy.