Employment: Cuts in Public Expenditure

Lord Jenkin of Roding Excerpts

Tuesday 9th November 2010 Lords Chamber

[Baroness Wilcox]

My Lords, I am fortunate indeed to be part of a coalition. Because we are a coalition we are able to debate and discuss things between ourselves and to put together all the information that we have. Our economic ambition is to create a fairer, more balanced economy, which is not so dependent on the narrow range of sectors that were used in the past. We have great opportunities and this should be a good time to look forward to, if we can overcome the real problems we have in finance at the moment, which were left to us.

[Lord Jenkin of Roding]

My Lords, does my noble friend recognise that the ICT and digital part of our economy now accounts for about a fifth of our entire GDP? It is the fifth largest sector of the GDP. Can she assure the House that every effort will be made to build on this growing part of the economy in the north?

[Baroness Wilcox]

I agree with my noble friend and yes, of course, we want to aid and help wherever we can through the mechanisms that we are putting in place and through pushing power back down to the people who know what they want. I come from Cornwall and I know what it was like to be under an RDA that was run out of Exeter and Bristol—an incredible distance. We need to bring all the pressure to bear and all the help that we can to these areas as they would want it delivered.