(3 weeks, 6 days ago)
Commons ChamberMy hon. Friend is a proud advocate for his constituents in Macclesfield and is doing great work to bring more investment into the local area. Life sciences is one of the eight sectors that this Government, as part of our modern industrial strategy, are championing. That is why we put record investment into research and development in the spending review earlier this year, and why we are supporting our universities to help create more spinouts to ensure that we can have more home-grown British businesses, as well as backing the big businesses, such as AstraZeneca, that operate in his constituency.
There is a consultation going on and I welcome the hon. Gentleman and others feeding into that. However, if he is serious about backing the builders and not the blockers, why do the Liberal Democrats fail to support the Planning and Infrastructure Bill, both here and in the other House?
(3 months, 3 weeks ago)
Commons ChamberI thank my hon. Friend for welcoming the reforms we have introduced at the Treasury—the reform to the fiscal rules to unlock money for investment, the reform of financial transactions to enable more money to be spent through public finance institutions, and particularly the reform of the Green Book. She is absolutely right to mention the importance of human capital, which is why we have announced in the spending review significant investment in skills and in the early years to ensure that children are ready for school.
As the MP for Woking, I represent the most bankrupt and indebted local authority in the country. I was very disappointed, therefore, that it appeared that the Chancellor did not mention councils or local government once in her statement. I am more disappointed, having listened to the detail of the statement, that the Government are investing only an extra 1.1% in local government next year and the year after. What does the Chancellor say to councils across the country and to my constituents in Woking to justify that lack of investment?
This Labour Government are giving real-terms increases in spending to local authorities every year. Compare that with the Conservative-Liberal Democrat Administration from 2010 to 2015 that cut real spending by 2.9% every year. I am much happier to stand on my record as Chancellor than I would be to stand on what the Liberal Democrats did when they had a chance at being in government.