Oral Answers to Questions

Henry Smith Excerpts

Wednesday 7th January 2015 Commons Chamber

[The Prime Minister]

I absolutely agree with the hon. Gentleman on all three grounds. First, North sea oil is a vital industry for the UK and one of the biggest investors in our country, so we should do everything we can to help it. Secondly, and for that reason, we took steps in the autumn statement to improve the taxation regime for North sea oil. Thirdly, as we said during the referendum campaign, it makes the case that North sea oil is better off with the broad shoulders of the UK standing behind it, because we never know when the oil price is going to be more than $100 a barrel or, as it is today, around $50. It makes the case for the strength of the UK and the utterly misguided nature of the SNP, which thought it could base its entire budget on such a high oil price.

[Henry Smith (Crawley) (Con)]

Q6. The latest Office for National Statistics figures show that youth unemployment in Crawley is at its lowest level since records began, but of course we need to do a lot more. What further policies are the Government pursuing to ensure that businesses in Crawley and across the country generate even more employment as part of our long-term economic plan?

[The Prime Minister]

I am delighted to agree with my hon. Friend. The youth claimant count in Crawley has fallen by 42% in the last year alone, and the long-term youth claimant count—long-term young unemployed people—is down by 71%. He asks what more we can do. We are cutting the jobs tax on small businesses and charities by £2,000; we are abolishing national insurance contributions for those who employ under-21s; we are extending the doubling of small business rate relief; we have cut corporation tax, including for small firms; and start-up loans are being offered right around the country, including to those in Crawley, who are taking them up. This Government can claim to be the most friendly to start-ups, entrepreneurs and small businesses this country has ever seen.