Finance Bill

Debate between Helen Jones and David Wright

Tuesday 6th July 2010 Commons Chamber

[Helen Jones]

Indeed—that is correct. What is more worrying is that linked with that is the Government’s failure to provide in the Bill any hope or assistance for British firms that want to compete in the global market and create jobs in the long term. It is a tale of two cities: on the one hand, there is the City of London; on the other, there is Sheffield—what the Deputy Prime Minister called throughout the election, “my city of Sheffield”. Well, we have seen what he plans for Sheffield—absolutely nothing. The Government’s attitude can be summed up in two words: Sheffield Forgemasters. There is nothing in the Bill or in the Budget that helps manufacturing industry in the long term.

[David Wright (Telford) (Lab)]

The problem with the Bill is that it is coupled with the total destruction of regional economic policy. It is not just Sheffield and the north-east that will suffer; every region will suffer because of the virtual destruction of the regional agencies that provide business support and advice and grants to businesses in communities such as Telford.

[Helen Jones]

My hon. Friend is right. The Bill goes with the destruction of the regional development agencies, which were vital to regions such as mine. As my hon. Friend the Member for Halton (Derek Twigg) said earlier, it goes with huge cuts in programmes such as Building Schools for the Future, which were vital to the construction industry in our area.