Government's Management of the Economy Debate

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Department: HM Treasury

Government's Management of the Economy

Jamie Stone Excerpts
Tuesday 23rd February 2021

(3 years, 2 months ago)

Commons Chamber
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Jamie Stone Portrait Jamie Stone (Caithness, Sutherland and Easter Ross) (LD) [V]
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I want to make two points, neither of which will come as a surprise. Madam Deputy Speaker, if I were to take you north, on a journey through the highlands, we would drive from Lairg to Kinlochbervie and Durness in north-west Sutherland and when we came to a place called Laxford Bridge, we would shortly find a sign with stars in a circle that said: “This improved stretch of road was paid for with help from the EC”—from the European Union. Those signs are found throughout the highlands.

It may seem that I am making a classic remainer speech. I merely want to make the point that all over the highlands, the European Union invested in harbours, airports, roads and bridges, and that made a great difference to all our lives. It was about levelling up a poorer part of Europe to some sort of equality with the richer parts of the UK and Europe. That sort of development helped arrest that great curse of the highlands: depopulation.

My first point for the Chancellor next week is therefore that we are looking forward with hope and anticipation to the shared prosperity fund. It is essential that the Chancellor and the Government roll it out in a way that equals, if not betters, what went before, now that we are out of the European Union. All of us in the highlands wait with bated breath for that, and it will be hugely important to our country.

My second point is very simple—you have heard me make it many times before, Madam Deputy Speaker. It is good news for the Government. I am extremely grateful, as are my constituents, for the Government’s proposal to site the first vertical space port centre in Sutherland in my constituency. It could mean a great deal to my constituents through providing quality employment in future, but, more important, by giving young people the hope that they will have jobs and homes in years to come in the places where they come from. It will literally keep the lights on in some of our most remote straths and glens.

My second point therefore is to ask the Chancellor and the Government to say—possibly in next week’s Budget, but at any rate, as part of a steady stream of good funding announcements—“Yes, we back the space port in Sutherland and we will do everything in our power to make sure it becomes a reality.” That reality will not only keep employment vibrant in my constituency, but earn a great deal of income for the United Kingdom.