Budget Resolutions and Economic Situation — House of Commons, 2016-03-21
Topic: Macroeconomics
Christopher James Green (Conservative, Centre-right): Last week, the Chancellor delivered a Budget that will ensure our continued economic recovery following the great recession—the worst since the great depression. Figures show that our economy is expected to grow faster than any other advanced economy, and that is very welcome news, but we must ensure that all parts of the country share in that growth Unemployment has fallen again under this Government, and the claimant count for out-of-work benefits is at its lowest level since November 1974. Employment is growing fastest in the north-west, and my constituency of Bolton West has seen the unemployment rate fall to 2.6%. Although I appreciate that more needs to be done, we have an economic stability that is reassuring for our businesses and manufacturers, creating the confidence that they need to continue to invest and thrive in Britain. Businesses have created more than 2.7 million new jobs, and the private sector has created six jobs for every one lost in the public sector. Stability is especially important for industrial recovery as investment in training, plant and machinery requires long-term confidence because the costs involved are high, especially by comparison with other sectors With employment in the north-west growing faster than in the rest of the UK, we can clearly see that the northern powerhouse is delivering the skilled jobs that provide the foundations for a better economy. The Budget seeks to increase the connectivity of the northern powerhouse through a strong transport infrastructure network. The green light has been given to the High Speed 3 link between Manchester and Leeds, and an extra £161 million was announced to upgrade the M62 to a four-lane smart motorway and to upgrade the A66 and A69. Work is under way on the Mersey Gateway project, which is set to conclude in the autumn of 2017, with a six-lane bridge over the Mersey between Runcorn and Widnes. We have had funding to upgrade the A5036 Princess Way—through Seaforth and Litherland—which links Liverpool’s ports to the motorway network, and is key for an increased manufacturing and export-led economy Our rail services in the region are also set to improve, with the electrification of the Manchester to Liverpool line and the ongoing work between Manchester and Preston to help to provide a reliable and sustainable railway and tackle overcrowding. My constituents have experienced delays as a result of the electrification process, but appreciate the reasons for it. None the less, I urge the Government to consider providing more carriages until that work is finished. The Budget also announced plans to develop the case for a tunnel to link Sheffield and Manchester, which will be appreciated by anyone who finds that their route takes them over Snake Pass—especially in winter. All that investment in connectivity and infrastructure in the north is enabling the rebalancing of the British economy and providing the foundations that we need for the northern powerhouse to prosper The plans for further devolution to our cities is continuing with the transfer of criminal justice powers to Greater Manchester. The original police and crime commissioner role merely replaced the police authorities, but this reform gives the potential for changes to better reflect local needs and allow increased innovation. We need a system that prevents people from getting involved in crime in the first place, and that reduces stubbornly high reoffending rates. Devolution provides opportunity for the north, as it moves power away from Westminster and brings it closer to the people. The mayor of Greater Manchester will have more powers than the London Mayor, and we need to make sure that those powers will be exercised in all our interests and improve services across Greater Manchester. The Government has delivered for this generation, and the Budget now ensures that it will also deliver for the next.