Business of the House

Valerie Vaz Excerpts

Thursday 26th April 2012 Commons Chamber

[Sir George Young]

My hon. Friend is right that if we want sustainable growth and secure, well-paid jobs we must rebalance the economy so that it is less dependent on public sector employment and more dependent on private sector employment. I welcome the way that my hon. Friend’s constituency has diversified and is less dependent on public sector employment. He has just outlined the advantages of a relatively high employment rate and a relatively low unemployment rate. That is the transition that my right hon. Friend the Chancellor is seeking to promote in other parts of the country, with assistance for those parts that are at the moment over-dependent on the public sector through the regional growth fund and with other measures.

[Valerie Vaz (Walsall South) (Lab)]

I thank the Leader of the House for his help over this Session. Perhaps he could help me once more in finding the £500 million missing from the NHS budget. In the 2011-12 budget, £900 million was saved; £400 million has gone back into the 2012-13 budget. May we have an urgent statement, debate or just a letter to say where the £500 million has disappeared to?

[Sir George Young]

I would be surprised if that had disappeared. I would expect it to be reinvested in the NHS, but I am sure that I can generate a letter from my right hon. Friend the Secretary of State for Health to explain the accounting procedures to which the hon. Lady has just referred and to give her the reassurance that the money that Parliament has voted to the NHS will indeed be applied to the NHS.