(1 week, 5 days ago)
Commons ChamberI thank my hon. Friend for campaigning so well for his constituents and for welcoming today’s historic level of funding. He asked whether there would be other funding, outside of today’s announcement for city region mayors for infrastructure and other capital projects. The answer is yes, and the details will come in the spending review next week.
I hugely welcome the £2 billion investment in Derbyshire and Nottinghamshire that has been announced today, because the east midlands has consistently been at the bottom of the table on funding for public transport. Yesterday, along with other Derbyshire MPs, I was pleased to welcome representatives from Arriva, Stagecoach, Trentbarton and TM Travel to Parliament. I know that Mayor Claire Ward will put the money that is coming into the region to good use with those companies. Can the Chief Secretary to the Treasury say how this investment will help to unlock opportunities in the region and meet our net zero ambitions? May I also encourage him not to lose sight of the benefit of midland main line electrification? I know that is not a question for today, but it is very important to people in Derbyshire.
(4 months, 2 weeks ago)
Commons ChamberWe always get a bit grumpy as we get older, don’t we, Madam Deputy Speaker? But I agree with the right hon. Gentleman: we should go back to our childhoods and sing the song of that bright future that is ahead for all of us. It will cheer our spirits and lift the House as we look forward to the future with positivity.
Look, we have made announcements today that will benefit the Northern Ireland economy, not least in the aerospace, life sciences and pharmaceutical sectors. On a recent visit to Northern Ireland, I heard about the businesses innovating and investing in these spaces, and they will benefit from the announcements today. As he knows, the Government are in negotiations with our counterparts in Europe to improve trade barriers, which I am sure, in time, will benefit the Northern Ireland economy as well.
It has been a joy to have apprentices from Rolls-Royce Submarines, in my constituency, in Parliament this week, especially in the wake of the £9 billion investment the Government made in Rolls-Royce last week. Does the Chief Secretary agree that it is only by working with manufacturing companies like Rolls-Royce that we will deliver the economic growth we badly need?
My hon. Friend is exactly right. We need businesses to invest, train and employ, and to sell their goods and services. The Government’s partnership working with Rolls-Royce is a great example of how we have been able to unlock billions in investment not just for the region, but for its exports around the world.