Yasmin Qureshi
Main Page: Yasmin Qureshi (Labour - Bolton South East)Department Debates - View all Yasmin Qureshi's debates with the Wales Office
(12 years ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Prime Minister
I am very grateful for my hon. Friend’s invitation and will try to take it up. As I said earlier, although there is very disappointing news today about what is happening in our economy, underneath that there is a rebalancing that needs to take place, and is taking place, in terms of manufacturing investment and exports, and in terms of the Government getting behind that, with more investment in apprenticeships and more investments in technical hubs at our universities, like the one at the university of Lincoln, and by cutting business taxes so that we get Britain working and making things again.
Yasmin Qureshi (Bolton South East) (Lab)
On Monday, the Prime Minister said that he was going on an economic rescue mission. Is it not fair to say that that mission has failed spectacularly in the light of the figures released today?
The Prime Minister
The point I would make to the hon. Lady is that the recession we suffered—a 7% contraction of our gross domestic product—was much bigger even than what happened in America. It is worth remembering that the biggest bank bail-out anywhere in the world was not in America; it was here in Britain. Getting out of the recession, the financial crisis and the debt crisis is difficult, painstaking work, but this Government are committed to doing just that.