Growing the UK Economy

12:37:00

With your permission, Mr Speaker, I would like to update the House on the Government’s work to unlock investment and secure economic growth. That is the No. 1 mission of this Government. Without growth, we cannot deliver on the priorities of the British people, cut NHS waiting lists, rebuild our schools or put more police on our streets. That is why the pursuit of growth is our first mission, putting our country on a new path towards a brighter future after 14 years of failure from the Conservatives. By helping businesses to invest and create wealth, we ensure they can provide jobs and opportunities that change lives, putting more pounds in people’s pockets and rejuvenating communities across the country. We have seen progress on that already, with huge private sector investments into our country since this Government came into service, but now we must go faster and further. We must help businesses and places to achieve their potential. We do that by being an active and strategic state—one that works in true partnership with businesses, investors and local leaders to deliver for the British people in every corner of the country. That principle was at the heart of the Chancellor’s speech earlier today in Oxfordshire, where she announced the latest steps that the Government are taking to drive growth across the country. I am pleased to update the House on those announcements now. The economic growth we are pursuing must reach into every town, city and community across the United Kingdom—inclusive growth for everyone, not just those at the top—because there is untapped talent and unrealised opportunity throughout the country and we cannot let that go to waste any longer. If we can raise the productivity of major cities like Manchester, Birmingham and Leeds just to the national average, we will deliver an extra £33 billion in economic output. So I can confirm that our plans for regional growth will be hardwired into the spending review, the infrastructure strategy, the industrial strategy and our approach to trade and investment. We are already providing £200 million of funding to support the development of a new mass transit system in West Yorkshire, and at the autumn Budget we secured improved connections between towns and cities from Manchester through to York. We are also developing our plans to further improve connectivity in the north and across the country through our 10-year infrastructure strategy, which will set out our long-term vision for social and economic infrastructure across the country. Today we are progressing with the Wrexham and Flintshire investment zone, focusing on the area’s incredible strength in advanced manufacturing to leverage in £1 billion of private investment and create up to 6,000 new jobs. As the Chancellor announced at Davos last week, the Office for Investment will work hand in hand with local areas to develop opportunities for international inward investment, starting with the Liverpool city region and the North East combined authority, while the national wealth fund will build on its strength and combined authority engagement to build a pipeline of investable propositions with mayors, starting with strategic partnerships in the Glasgow city region, West Yorkshire, the west midlands and Greater Manchester. Sticking with Manchester, we are giving our support to the Mayor of Greater Manchester’s plan for the redevelopment of Old Trafford, creating new housing, new commercial developments and a new stadium—but, I am advised to inform the House, not necessarily Government-wide support for the team that play there. I am pleased to update the House on our new approach to the Oxford-Cambridge growth corridor, a hugely exciting opportunity for the UK and the British economy. For centuries these two cities have been synonymous with inspiration, invention and innovation. Economic analysis suggests that with the right support the region could bring a GDP boost of £78 billion by 2035, yet time and again Governments have failed to capitalise on this remarkable area, most recently in 2021 when the last Government dropped their commitment to what they called the Ox-Cam arc project. Through under-investment, poor transport connections and a lack of affordable housing, the incredible growth potential of the area has been squandered as people and businesses have been forced to move and invest elsewhere. No longer: Lord Vallance will act as our champion for the growth corridor, utilising his impressive experience in life sciences, academia and Government to unlock growth opportunities across the region and promote its potential to investors across the world. We will establish a new growth commission for Oxford, to recognise and capitalise on the growth potential of this historic city. We already know, of course, that transportation is a huge factor in the success of the country. Heathrow is the UK’s only hub airport and our largest air freight hub by volume, connecting us to emerging markets around the world, opening up new opportunities for trade and investment. But its growth has been constrained for decades. Today we are announcing that the Government support and are inviting proposals for a third runway at Heathrow airport, to be brought forward by the summer. This is an important infrastructure project expected to have positive growth impacts across the United Kingdom, and it has the backing of businesses and business groups including the CBI, the Federation of Small Businesses and British Chambers of Commerce as well as trade unions such as the GMB and Unite. According to a recent study from Frontier Economics, a third runway could increase GDP by 0.43% over the next 25 years, with over half—60%—of that boost going to areas outside London and the south-east. It could create over 100,000 jobs in the local area and maintain Heathrow’s status both as a global passenger hub and as the UK’s largest air freight hub by volume. Reforms this Government have introduced to speed up the planning system will ensure the delivery of the project and set it up for success. Once proposals have been received the Government will take forward a full assessment through the airport national policy statement to ensure that any scheme is delivered in line with our legal, environmental and climate obligations. We want the scheme to be value for money, and our clear expectation is that any surface transport costs associated with the project will be financed by private capital and should be sustainable and low-carbon. The Secretary of State for Transport will also set out planning decisions for further airport expansion at Gatwick and Luton shortly. Crucially, I am pleased to announce that we are taking further steps in our transition to greener, cleaner aviation. At the start of the month, the sustainable aviation fuel mandate became law. Sustainable aviation fuel reduces carbon dioxide emissions compared with fossil jet fuel by around 70%. Today we are announcing an additional £63 million for the advanced fuels fund over the next year, and we have set out the details of how we will deliver a revenue certainty mechanism. Those measures will support investment and high-skill green jobs in plants across the United Kingdom, delivering sustainable aviation fuel here in the UK for UK consumption. Transportation is equally important on a local level, and that is as true for the Oxford-Cambridge growth corridor as it is for anywhere else. This Government have confirmed that they will provide crucial funding for transport links, including upgrades to the A428 to reduce journey times between Milton Keynes, Bedford and Cambridge, as well as for East West Rail with new services between Oxford and Milton Keynes starting this year. We have already received submissions to the new towns taskforce to build new developments along the new railway. At Tempsford, we will accelerate delivery of a mainline station on the east coast main line so that travellers can get to London in under an hour and to Cambridge in under 30 minutes once East West Rail has been delivered. We will ensure that the pioneering work that has long been a hallmark of the area will continue. We are today committing to a new AI growth zone in Culham. We welcome the University of Cambridge’s plan for a new flagship innovation hub in the centre of Cambridge, and a new Cambridge cancer research hospital will be delivered as part of wave one of the new hospital programme. Just yesterday, Moderna completed the build for its new vaccine production and research and development site in Harwell, while committing to invest £1 billion in the United Kingdom—proof that when we create the conditions for success, businesses can lead the way. I am pleased to confirm for the House that the Environment Agency is lifting its objections to specific developments in Cambridge, so we will press on with plans to develop 4,500 additional homes, new schools and office, retail and lab spaces in and around Cambridge. In a further boost to the area, we have now agreed water resource management plans with water companies, unlocking £7.9 billion of investment in water resources over the next five years, including the new Fens reservoir serving Cambridge and the south-east strategic reservoir near Oxford. This Government have come in with a purpose: to bring growth, and with it opportunity, to the country. In just six months, we have taken the tough decisions to make that possible. We are taking on the responsibility of a Government who deliver real change for people—no longer the hollow promises of the Conservative party, but change delivered under this Labour Government, working with business and local leaders to drive the growth that will lift up this country. Now we must go further and faster so that the next generation and the generation after will have the opportunities they deserve, to ensure that Britain is strong and successful once again in a fast-changing world and so that everybody in this country can have the chance to succeed. Today’s announcements will help make that a reality and show how our plan for change will build a better Britain. I commend the statement to the House.

I call the shadow Chancellor of the Exchequer.

12:47:00

The Chief Secretary told us that growth is the No. 1 mission of this Government and added, “Now we must go faster”, which I have to tell him suggests a certain lack of ambition. What we do not need is some hasty mañana moment of unquantified, vague promises of a better tomorrow; we need action now to reverse the grievous damage that this Chancellor has wrought in just her first six months in office. Why did the Government deliver a Budget that the independent Office for Budget Responsibility said would lead to lower growth, higher inflation and higher interest rates and would cost jobs? I have to tell the right hon. Gentleman that “going for growth” in the 2030s means nothing to the businesses that have already stopped hiring, shed workers and put up prices thanks to Labour’s ruinous policies. It is hard to escape the conclusion that these announcements have been hastily cobbled together by a Government who are under increasing pressure to change course but are seemingly incapable of doing so. Why have these announcements come only now? The Labour party had years in opposition and months in government leading up to its first Budget. If the Government really wanted to unleash investment, innovation and the private sector, they should not have decided in the autumn to increase substantially the tax burden and the size of the state. By doing so, far from encouraging private investment, they are actively squeezing it out. Will the Chief Secretary to the Treasury reassure businesses right now that there will be no further growth-destroying fiscal measures in the spring statement, including tax rises? Is the truth not that the damage is already being done? Even before Labour’s tax rises bite in April, the economy is flatlining right now, so will any of the announcements have an impact within this Parliament, and what—if any—impact are they likely to have on the OBR’s forecasts in March? Incredibly, the Chancellor said in her speech that businesses are what drive growth and that the Government should support them, yet this is a Government who have driven business confidence off a cliff. They have taxed businesses to the hilt and, through their upcoming employment legislation, will be hitting them still further with ever more job-destroying red tape. Can the Chief Secretary to the Treasury set out what the overall impact of Government policy decisions since July has been on regulatory costs for businesses? Does he agree with the Business Secretary’s extraordinary utterance on the media this morning that the Government have not hammered businesses? The Chancellor claimed this morning that she has seen no alternative suggestions from the Opposition, so let me give her one now. Last year, the Conservative manifesto included £12 billion in welfare savings. At the time, the Labour party said that the money simply was not there. Now we are told that the Government will shortly be coming forward with plans for welfare reform— another damascene conversion. If they had grasped this issue when they came into office, they could have tackled the rising welfare bill, rather than taxing jobs and killing growth. The Government’s failure to act means that businesses and millions of people are paying the price, so can the Chief Secretary to the Treasury commit today to matching that £12 billion, or can he at least tell us the scale of savings that we can expect from his promised reforms? Some of the announcements made today are of course welcome. The role of the Opposition is not to oppose for opposition’s sake, not least because many of the measures announced are reheated from the previous Conservative Government. The plans on pension investment, for example, seem oddly familiar to us, probably because they are simply to continue the reforms that I was bringing in when I was Secretary of State for Work and Pensions. Even in this area, though, we must wait and see before passing judgment, because this Government have shown that we simply cannot trust their word. They promised not to raise taxes, but they did. They promised not to cut winter fuel payments, but they did. They promised not to borrow more, but they did. We need to see action, not just words. The Chancellor talks about removing barriers to growth—oh yes, she talks about it—but that talk comes from the same person whose Budget killed the economy and growth stone-dead. If we are looking to remove the greatest barriers to growth in this country, perhaps we should start with the Prime Minister and the Chancellor of the Exchequer.

The House is indebted to the shadow Chancellor—Mr Melmentum himself—for his lecture on the need for speed from this Government. Let me tell him that we have done more in the last six or seven months than that lot did in the last 14 years. The shadow Chancellor asked me about our plans to work with business. The comments today from business leaders and investors speak for themselves: our plans are welcomed by businesses, and we will be working in partnership with them to deliver for this country. He also asked me about work. Those of us in the Labour party make no secret of the fact that we like to support people into work—strong, secure work with workplace rights and secure incomes to help make people’s family finances add up. That is why our party was created in the first place. The real truth from the data is that under the last Government, too many people were waiting at home sick, unable to get NHS appointments or access to mental health services so that they could be helped back into work. Too many people were waiting at home, waiting for training and unable to seize the opportunities advertised in front of them. This Labour Government will not treat those things as a luxury, but will work at speed to give people the work they deserve. At the heart of the shadow Chancellor’s statement was a truth for the country to consider. Under the last Administration, it was promises cancelled; under this Administration, it is promises being delivered.

I call the Chair of the Treasury Committee.

I welcome this Government’s commitment to infrastructure investment and to telling the world that Britain is open for business, but to achieve all of this, we will need a really skilled workforce to deliver on those major construction projects. May I ask my right hon. Friend to set out how the Government will ensure that we have the skills to deliver what he has promised?

I thank the Chair of the Treasury Committee for her question. This is an important test of turning policy into real-world delivery. Through our infrastructure and industrial strategies, we are engaging right now with businesses and investors across the country so that as we bring forward our plans, we have a skills and training system that creates opportunities for people to take up the jobs that we need them to do in order to help get Britain building. That will be a crucial part of our approach to infrastructure, so that every person across the country can seize the benefits of this Government’s plans.

I call the Liberal Democrat spokesperson.

The Government are absolutely right to focus on economic growth, but their blinkered approach on Europe is holding back British businesses and stifling the very growth that we need to fund our public services. By ruling out negotiations with the EU on a bespoke customs union and a youth mobility scheme, the Chancellor’s dash for growth will be more like a slow crawl in a car with the handbrake on. In order to turbocharge economic growth, will the Government start negotiating those initiatives now? To unleash growth through our small businesses, the Chancellor should scrap her national insurance contributions rise, and instead seek to raise the same amount of money through the measures that we Liberal Democrats have suggested: reversing the tax cuts on the big banks, increasing taxes on the big tech and gaming companies, and reforming capital gains tax in a way that would be fairer and raise more money. Will the Government look again at those alternative revenue raisers and lift the burden that the Government have placed on small business? On airports, the Chancellor has voiced her support for Heathrow expansion and has suggested that expansion will be forthcoming for other airports. We Liberal Democrats oppose this, because it will deliver minimal growth at a huge cost to the climate. Can the Government confirm whether they intend to abide by the advice of their own climate change advisers that no airport expansion should proceed until a UK-wide capacity management framework is in place? In the midst of a climate emergency, can the Government give a cast-iron guarantee that the so-called refreshed carbon budget that the Chancellor referred to will not water down climate targets, and what do they have to say to those experts who say that sustainable aviation fuel is not realistic or scalable? Turning to the Oxford-Cambridge growth corridor, we really welcome plans that further boost the UK’s position as a European and global science leader. Can the Government confirm that there will be enough money for the whole of the route to be constructed on the East West Rail route, and that they will work hand in glove with local authorities to minimise the environmental impacts, introduce infrastructure before or alongside housing, and maximise local community benefits?

As the hon. Lady knows, this Government committed in their manifesto to not rejoin the single market or the customs union. We will honour that promise, but the trade deal that the previous Government put together was clearly not good enough. There is room for us to improve our trading, energy and security relationships with our friends in the European Union, and my ministerial colleagues are in active discussions with their counterparts to take that work forward. The hon. Lady invited me to speculate on any future Budgets. That is above my pay grade, but I am sure the Chancellor heard her suggestions. On airports, as I said in my statement, all our plans will be in line with our legal obligations. Of course, we recognise the need for more sustainable fuel and sustainable transport as part of those expansion plans. Lastly, the hon. Lady asked me about something that I cannot read—

East West Rail.

Thank you. I thought it was “EU” again—I could not read my own handwriting. The whole premise of the growth corridor is that we will have a transport spine through that corridor that allows for all the developments—housing, lab space or communities—around it. That is a crucial part of our plans, and we will make sure that it is delivered.

I congratulate the Chief Secretary to the Treasury and the Chancellor of the Exchequer on a plan for growth that is both concrete—shovels in the ground now—and forward-looking, building on our scientific and skills base to drive long-term jobs and higher living standards. Heathrow expansion will help businesses in the north-east, but for the sake of those of us who are not Manchester United fans, will the Chief Secretary to the Treasury make it clear that much of the investment in the Man U development will be private sector-based? Will he also set out how that will help the rest of the north, particularly Newcastle United fans such as myself?

I thank the Chair of the Science, Innovation and Technology Committee for her question. She and her Committee know the huge advantage we have in the UK with our brilliant universities and research and development ecosystem, which is why we are supporting them and putting rocket boosters underneath their activity to develop world-leading and frontier research and innovation, and stimulate economic growth across the country. My hon. Friend is right that the development in Manchester is a broad set of privately financed housing and commercial opportunities, as well as the work that Manchester United wants to do with its football stadium. I should inform the House that I cannot give a running commentary on the stadium applications for all football clubs across the country, and she will have to forgive me for not knowing the latest plans for Newcastle.

I welcome the Government’s conversion on a third runway at Heathrow. The sort of connectivity that that enables, particularly with fast-growing economies in Asia and the Gulf, is essential to growth. However, what assurance can the Chief Secretary to the Treasury give the House that this project will not subsequently be stymied by an absolutist approach driven by ideology towards carbon emissions, which will drive it into the ground? We have been down this path before.

The right hon. Member has been down this path before because it was his Government who went down it and blocked all these developments over the past 14 years. This Government are working on reforms to the planning system, looking at national policy statements, thinking about skills and infrastructure supply chains, and unlocking private capital because we are a Government who want to get Britain building again, and not block the projects that were stalled for years under the previous Administration.

I call Dr Jeevun Sandher, a member of the Select Committee.

Investment is what makes us more prosperous; it produces more work, it gets wages rising and it creates good jobs. I am an East Midlands MP, and we have some of the lowest investment rates in the country, the least transport infrastructure and some of the lowest private investment. That is why I welcome the announcement today of £1 billion going to the manufacturing and logistics hub at East Midlands airport. I especially welcome the 2,000 extra jobs that will benefit my constituents in Loughborough, Shepshed and Hathern. Will the Chief Secretary assure me that this is just the beginning of the investment we can expect in the region and for my constituents?

I thank my hon. Friend, who is a strong advocate for the economy in the East Midlands and for his constituency. He will know that I visited the region last week and met businesses and investors with our Mayor, Claire Ward. The region is doing a brilliant job of securing inward investment, and there is huge untapped potential in the East Midlands. I am pleased that the Chancellor was able to make those announcements today, and we very much look forward to hearing about more business cases and more potential so that we can unlock growth in the East Midlands.

I call Select Committee member Dame Harriett Baldwin.

I am sure the Chief Secretary knows and admires the plan for growth of Conservative-led Worcestershire county council. It has been working through the plan, and it has built a new train station on the North Cotswold line, which connects Worcestershire to Oxford, but a lot of that line is still single track. Will he urge the Oxford growth commission to look at the extensive work done by Oxfordshire county council and Worcestershire county council to find a way to double the frequency of the train services on that stretch of track?

I thank the hon. Lady. The growth commission will be looking at all potential options for stimulating growth. We want to find strategic enabling investments across the country to unlock, for example, house building and inward investment, and I am sure it will look at those proposals with interest.

I call Select Committee member Rachel Blake.

I thank the Chief Secretary for his statement about investment and growth. Does he agree with me about the role that new towns will play in tackling our country’s housing crisis and how important it is that, alongside the homes in the new towns, we see the delivery of new social infrastructure? Can he outline how those plans will work?

I thank my hon. Friend. As I informed the House recently, our infrastructure strategy, which will be published in June, will for the first time align social infrastructure plans for schools, GP surgeries and other public service facilities with those for housing and economic infrastructure. For the first time, we will be making strategic decisions about the places where people live. On the house building target—I met tenants who will be moving into new social homes in Erewash last week—we talk about 1.5 million homes and about economic growth, but in every one of those buildings is someone’s life, their opportunities and the dreams they want to fulfil. This Government are delivering on economic growth, and we are doing so because the people at the heart of all these decisions are the people we need to get the economy moving and Britain doing well in the future.

I call Select Committee member John Glen.

Among the fundamental enablers of growth in the economy are financial services and opening up markets to invest. I think there was consensus across this House in the last Parliament on the Financial Services and Markets Act 2023, which provided the framework to do that. What concrete proposals have come forward from the Financial Conduct Authority and the Prudential Regulation Authority consideration of changing some of the restrictions that stop the right levels of investment? This week, the Government enabled about £100 billion of surplus funds from defined-benefit pension schemes to be made available. What proportion of that money will be invested and in what timeframe? The concern around these announcements is the delay to tangible, calculable economic impact.

I point the right hon. Member to the Chancellor’s Mansion House speech, which set out in detail this Government’s approach to financial services. They are an important enabler for the UK and a particular strength globally, as I know he knows very well. On his particular question, I will need to write to him with the answer, but he can see that this Government are taking action to unlock investment in the UK economy. As has been reported, the Prime Minister and the Chancellor have been meeting regulators to make sure that they are geared for growth as well as for protecting consumers.

I also welcome the Chief Secretary’s statement and the Chancellor’s announcement about the many excellent transport schemes that this country so badly needs. The Transport Committee will look at these proposals, starting with the new proposal for runway 3 at Heathrow. He links that proposal to UK-wide growth, but did the Treasury consider the Department for Transport’s 2020 figures predicting that between 2010 and 2050 there would be a 24% cut in flights between regional airports in the UK and Heathrow because of the way the market for slots at Heathrow operates, regardless of what regional airports might want?

I thank my hon. Friend the Chair of the Transport Committee for her question. I think it alludes to the fact that this is the announcement not just of a runway, but of a project which we must make sure is optimised for delivering growth for the whole of the United Kingdom, as I made clear in my statement. That means that we need to work with regional airports and look at how the slots are allocated at Heathrow, to make sure that Heathrow’s business model optimises opportunities for regional airports and the whole of the United Kingdom. That is a commitment that the Government have made very clear today.

I call Select Committee member Bobby Dean.

The whole House supports a focus on growth, which is good for our prosperity and key to funding our public services. However, growth has not only a rate but a direction, and how we seek to achieve growth is about choices. If we choose to back measures that undermine our net zero targets, we may be going for growth today with severe consequences for tomorrow. How do the Government justify their choice to back Heathrow expansion over more sustainable rail transport projects across the country?

I am sure the hon. Member shares my view that we can achieve growth through our net zero plans. These things are not an either/or. For example, the announcement of this Government supporting investment in Heathrow and in the sustainable aviation fuel sector will stimulate investment in net zero technologies and industry in the UK. This can be a win-win for the economy and the environment.

I welcome my right hon. Friend’s statement, which I think demonstrates a real commitment by this Government to take the shackles off our economy. I particularly welcome his commitment to a 10-year transport infrastructure plan. As well as the measures already announced to boost connectivity across the Pennines and elsewhere, will he commit to continuing to see what can be done to address connectivity and capacity challenges north of Birmingham arising from the cancellation of HS2?

Those are exactly the issues that Departments are now considering as they submit bids to the Treasury in the spending review. As we move into those negotiations in March, we will have to look at the best growth potential and what we can get delivered on what timeframe. We will be able to confirm those plans in the coming months.

There is nothing in the statement about the lower Thames crossing, which has already been delayed twice by this Government. The crossing is one of the biggest infrastructure projects and will have a huge impact on the entire country. For my constituents, the biggest issues around growth have been about the taxes on business—particularly on family companies—and the jobs tax. Why are the Government not addressing those real issues, which were not addressed in the statement?

The Chancellor will be disappointed that the right hon. Member did not listen to her speech. She announced today—[Interruption.] We are in negotiations with the project leaders at the lower Thames crossing. We are committed to bringing that forward and will have further announcements to make in due course.

May I congratulate the Chief Secretary on his statement but add a word of caution about his plans for Heathrow? Will he ensure that there is a full cost-benefit analysis of any plans for a third runway which looks at the cost to the climate, to public health and to the already saturated transport infrastructure? Almost 40 years of dealing with Heathrow has taught me that what is good for Heathrow’s shareholders is usually bad for its neighbours and for the climate, leaving Government at all levels picking up the costs and cleaning up the mess.

I know that my hon. Friend has been working on this issue for many years. As I have said, we want the Heathrow project to be a success for the whole country, and that means in relation to sustainable low-carbon transport and connectivity as well as for local jobs and the local economy. As I said in the statement, as proposals are put forward by Heathrow, the Government will consider them in the normal way, in line with all our legal obligations.

In November 2020, when giving evidence to the Treasury Committee, the head of the Office for Budget Responsibility, Richard Hughes, stated that further investment in infrastructure such as extending airport capacity would not deliver high economic returns as the UK is already highly connected. Without a proposal on the table for Heathrow, how can the Chancellor be so sure that a third runway will drive high national economic growth?

We hear from businesses, investors, businesspeople, travellers and people who want to be able to come through London or the UK that we are losing trade and investment in comparison with other hub airports on mainland Europe. We have every opportunity to secure that here in the UK, and that will, by its very nature, secure investment, jobs and economic growth.

The Chancellor highlighted the redevelopment of Old Trafford in her speech, but similar investment is happening in Luton, where Power Court is set to be the new home of Luton Town football club. That mixed-use housing and commercial development will bring new opportunities and support the regeneration of our town. May I invite the Minister to join me on a visit to see how that will be a key driver of economic growth across Bedfordshire and the eastern region?

My hon. Friend knows that I am not let out of the Treasury often, but when I am I will be delighted to visit. These are classic examples of how, by working together with private investors and local businesses to co-ordinate investment on road junctions, rail, housing developments or even football stadiums, we can get to a point where we can unlock economic growth for people and improve their communities. We are absolutely interested in looking at all those opportunities.

What assessment has the Treasury made of whether the increase in employers’ national insurance contributions will increase or decrease business investment?

The right hon. Member is inviting me to speculate on the OBR forecast, which will be presented to the House on 26 March.

There is so much to be welcomed in the statement, but sadly it has been tainted by the decision on the third runway at Heathrow. When such a decision is made by the Government, it is important that there is full openness and transparency so that we can explain the Government's thinking to our constituents. Will the Minister ensure that the papers that led to this damascene conversion among some members of the Cabinet are published openly, particularly those on how increased carbon emissions will be tackled; how we will meet our carbon capacity statements; how agriculture in this country will be converted to meet the sustainable aviation fuel requirements; how the noise contours will impact on so many more people—2 million people; how current emissions will be tackled, as air pollution is already above the legal limits; and how the 8,000 to 10,000 of my constituents will be rehoused when 4,000 properties are demolished as a result of this decision?

As I have confirmed to the House, we are inviting applications from Heathrow, which will be considered in the normal way. When those applications have been received and due diligence has been undertaken, we will be able to report the details that will answer the right hon. Member’s questions.

It says on the cover that this is about growing the UK economy, but the statement’s substance is much more about growing the English economy. It has a passing reference to Wrexham and a nebulous acknowledgement that the Government will “build a pipeline of investable propositions…starting with strategic partnerships in the Glasgow city region”. Will the Chief Secretary perhaps flesh out what that means and, at the same time, explain why he did not allocate any funding to reimbursing Edinburgh University for the supercomputer, invest in SAF in Grangemouth, or invest in the Acorn project in the north-east?

Scotland is an important part of our United Kingdom economy. We will continue to invest in the country, as we did at the recent Budget, with the largest real-terms increase in spending since devolution. I am always ears-open to opportunities for growth, but the hon. Member might want to speak to his SNP colleagues in the Scottish Government and try to stimulate some investment there as well.

I warmly welcome the plan for growth, which stands in stark contrast to the low-growth, low-wage and low-investment economy of the last 14 years, but as welcome as the Old Trafford development is, the House will know that I am a Dale fan. May I therefore urge the Treasury and Chief Secretary to warmly support the Atom Valley mayoral development zone, which is being pushed by Andy Burnham to help advanced manufacturing in Rochdale?

That sounds like an excellent initiative that will benefit from the huge untapped potential in the Greater Manchester and regional economy, which we are trying to stimulate with our announcements today. I would be delighted to meet my hon. Friend in due course to understand more of the detail.

The Chief Secretary said that he wanted economic growth to spread to every town, city and community—something we can all agree with. I have been campaigning for many years to restore the direct train service between Cleethorpes, Grimsby and King’s Cross. That would boost the local economy and is supported by the Hull and Humber chamber of commerce, businesses up and down my constituency and, on the Government Benches, by my MP, the hon. Member for Great Grimsby and Cleethorpes (Melanie Onn). All that is needed to provide the service at the next timetable change is the go-ahead from the Transport Secretary. Will the Chief Secretary urge her to do just that?

I am sure that the Transport Secretary has heard the hon. Member’s request. As he will know from our announcements today and at the Budget, the investment that we seek to unlock in his region is a crucial part of our industrial plans, not least the investment in sustainable aviation fuel that I set out. If the transport project that he mentions will unlock investment, housing and opportunities in the region, I am sure that we will look at it closely.

I have consistently called for new investment in the eastern region, and nothing is more exciting than the proposal to build a Universal Studios theme park—the first of its kind in Europe—in Bedford. The project has huge potential to transform the region. Will the Chief Secretary provide an update and reassure me that progress is being made on turning that plan into reality?

Hopefully the Minister can meet that enthusiasm.

I thank my hon. Friend, who has campaigned tirelessly for this investment in the region since he has been the House. As he will know, the Government are in negotiations with partners for the development. Unfortunately, I cannot update the House at this stage, but I look forward to doing so in due course.

As the MP for the dreaming spires, may I thank the Government for their vote of confidence in my constituents’ ability to deliver the growth that this country, and arguably the world, needs? I take umbrage with one thing. The Chief Secretary talks about the Oxford plan. Given that the Chancellor gave her speech not in Oxford city or its environs but in Eynsham, will he name the growth commission not the Oxford commission but the Oxfordshire commission? Will he meet me and my many Liberal Democrat colleagues, so that we can work with him to maximise the potential of the plan?

I thank the hon. Lady for her suggestion. It is not for me to get in the middle of boundary disputes, but I will take that back to the Treasury and see what we can do.

As a United fan, I hugely welcome the economic and social benefits that the Old Trafford redevelopment could bring to the city of Salford. How will the Chief Secretary require those who are awarded contracts to do all they can to employ, train and retain local people, and to ensure that that ethos is mirrored across supply chains?

My hon. Friend makes an excellent point. These projects have to benefit local communities, local workers and local businesses, as well as others. There can be no greater advocate of that approach than the Mayor of Greater Manchester. Between his work and good offices and the Government’s approach to social value and procurement, I am sure that will be able to deliver that outcome.

Given that construction of the Oxford to Milton Keynes section of East West Rail was completed when Hugh Merriman, the last Conservative rail Minister, pulled the last rail clip into place, it is a bit rich of the Chief Secretary to try to claim credit for it. In one breath he said that he wanted to work in partnership with local leaders, and in the next he reheated the idea of a top-down, Government-knows-best Ox-Cam arc, rebranding it the Oxford to Cambridge growth commission. Local leaders in Buckinghamshire have consistently said no to that top-down spatial strategy, choosing instead to grow jobs locally, including at Westcott space cluster. Does he really want to work with local leaders in Buckinghamshire, or does he just want to tell them what to do?

The hon. Member is what we call a blocker. That is not in the nature of this Government. We will get on and deliver.

I welcome the Minister’s statement on growth. Does he agree that alongside upgrading transport infrastructure, we should create more homes and infrastructure around existing commuter lines, such as the Bolton-to-Manchester line in my constituency?

My hon. Friend is absolutely right. In working on the plan for change’s priority of 1.5 million new homes, the Deputy Prime Minister has already identified that as a great opportunity for the Government. Working with partners in Network Rail and elsewhere, we can unlock the land adjacent to existing infrastructure for new developments. Some of that was referenced in the part of the Chancellor’s speech about the Oxford-Cambridge growth corridor, but we are actively looking at opportunities across the country as well.

The Chief Secretary to the Treasury did a good job of name-checking places across the country that might benefit from growth, except not once did he mention anywhere in the south-west. He is the Member for Bristol North West, so why is that? Does he have no confidence in the potential of the south-west? Will he redeem himself by visiting Trowbridge, the county town of Wiltshire, and specifically the Tech Trowbridge initiative, which is trying to create the conditions for growth? The Government might like to be involved in that.

The right hon. Member is confused. I am enormously proud of my region of Bristol and the south-west, not least because of our heritage and the potential that we have to offer the country. The aerospace industry in north Bristol will benefit enormously from our announcements, which is great for workers and businesses in our region. He may be interested in an announcement from the national wealth fund today of investment in the Cornish economy to get us mining again, so that we get the rare earth materials that we need to fuel development in the UK and create the jobs and investment in the south-west that he asks for.

Barriers to growth were in place in this country for so long that I thought they would be permanent, but we have a Government so committed to growth that they are tearing them down daily, and I welcome that. I also welcome the pilot announced by the Office for Investment, which will benefit the Liverpool city region. It brings Government and industry together to unlock private investment. How will that benefit my constituents in Wirral West?

Today we have announced that the Office for Investment, which partners with foreign direct investment into the UK, will be given a line of sight to opportunities across the country, and not just to the large project that the Government are interested in on a particular day. Working with mayors in our combined authorities will be a great way to bring together a prospectus of investable propositions for investors across the country. Let me reassure my hon. Friend that the blockers to delivery are not permanent, because we voted them out at the last election.

I am sure that the Chief Secretary will correct me if I am wrong, but the only three words about Scotland in his statement are “Glasgow city region”. They are welcome, but does he appreciate that while the Scottish Government may have received its biggest settlement, every UK Government statement that has come out of this place since the general election has undermined support in Scotland for this Government? In my city of Edinburgh, we are concerned that every statement on investment in AI and research leaves us out. Down the line, expansion at Heathrow will mean more air traffic over our city, and there is no emissions management plan in place. Will the Chief Secretary reassure my constituents that there is something in this for Edinburgh?

I am not sure I agree with the premise of the question. We do not seek to undermine Scotland, but to enable it, as an important part of the United Kingdom. That is why we have put significant money into the Scottish Government, why GB Energy will be based in Scotland, and why exciting plans on energy infrastructure have already been announced. I am sure there will be more to come, not least for Edinburgh, given its expertise in the technology space, which we are very aware of. I encourage the hon. Lady not to be so gloomy. We are here to support Scotland as much as England, Wales and Northern Ireland.

After a decade and a half of dithering by the Conservatives, who claim to be the best yet constrain the vital forces of positive economic change, it falls to a Labour Government to unleash our country’s potential, which requires Government action in partnership with others. Does my right hon. Friend agree that in order to deliver the growth that our people need, we must block the blockers and vanquish vested interests, and that it is time, to coin a phrase, to build, baby, build?

I am pleased to announce to the House today the Government’s commitment to build, baby, build. We will deliver that for this country. My hon. Friend is right to point out the difference that a change in Government can make. This Labour Government are getting on with the job of dealing with planning regulations and blockers, bringing forward investment and delivering for the country, whereas the Conservative party promised the earth and delivered nothing.

I call Dr Kieran Mullan—I assume you have a lot to say.

Away from Labour’s rhetoric, I suspect that Members on both sides of this House are hearing the reality from our constituents. On Friday, I visited Saxonwood care home in my constituency, and St Michael’s hospice just across the border, which looks after my constituents. I have also heard from Bexhill chamber of commerce, and they are all clear that Labour’s planned national insurance rise will do enormous damage to their attempts to grow, and to employ people. Does the Chief Secretary agree with the OBR’s forecast that the jobs tax will harm growth, not help it?

As has been rehearsed repeatedly on the Floor of the House, the Chancellor had to make difficult decisions to get a grip on the public finances, given the state in which the hon. Member’s party left this country. Today’s announcement makes it very clear that businesses small and large and this Government share the ambition of delivering growth for the economy. That is why we are going further, faster in pursuit of that.

Making our economy work for people across this country is vital after 14 years of Conservative mismanagement, but the New Economics Foundation has found that expanding the UK’s airports would not deliver serious economic growth. Meanwhile, analysis by Carbon Brief shows that offsetting expansion at Heathrow, Gatwick and Luton would require a forest twice the size of London. Our climate goals would be in jeopardy. Is it realistic to expand Heathrow and other airports and still meet our climate obligations? Is the risk to our future really worth it?

My hon. Friend knows that I have long been an advocate and campaigner for climate justice and our net zero plans, but I am clear that by working with partners and investors to unlock investment in the UK, we will also unlock investment in the net zero transition, and get the industry, the jobs and the capabilities that we need to deliver a net zero future. That will allow people across the country to do other things that they want to do, such as go on holiday.

As I listened to the Chief Secretary declare that this is all about putting our country on a new path towards a brighter future, I was reminded of a wee song that we used to sing when we were children: “There is a happy land, but it’s far, far away.” Unfortunately, many of these projects are long term. They will not be delivered even in the lifetime of this Parliament, and they will not offset the anti-growth policies that the Government have already announced, which are devastating industry. The Chief Secretary said that he wants to deliver for people in every part of the country, but there was not one mention of a project in Northern Ireland, or any indication of what the Government will do with the anti-growth impacts of the protocol and the Windsor framework. What is there in the statement for the people of Northern Ireland and for growth prospects in Northern Ireland?

We always get a bit grumpy as we get older, don’t we, Madam Deputy Speaker? But I agree with the right hon. Gentleman: we should go back to our childhoods and sing the song of that bright future that is ahead for all of us. It will cheer our spirits and lift the House as we look forward to the future with positivity. Look, we have made announcements today that will benefit the Northern Ireland economy, not least in the aerospace, life sciences and pharmaceutical sectors. On a recent visit to Northern Ireland, I heard about the businesses innovating and investing in these spaces, and they will benefit from the announcements today. As he knows, the Government are in negotiations with our counterparts in Europe to improve trade barriers, which I am sure, in time, will benefit the Northern Ireland economy as well.

It has been a joy to have apprentices from Rolls-Royce Submarines, in my constituency, in Parliament this week, especially in the wake of the £9 billion investment the Government made in Rolls-Royce last week. Does the Chief Secretary agree that it is only by working with manufacturing companies like Rolls-Royce that we will deliver the economic growth we badly need?

My hon. Friend is exactly right. We need businesses to invest, train and employ, and to sell their goods and services. The Government’s partnership working with Rolls-Royce is a great example of how we have been able to unlock billions in investment not just for the region, but for its exports around the world.

Whether it be the drastic reduction in business property relief and agricultural property relief, which will decimate many family businesses, or the increase in employer national insurance, which will negatively impact all businesses, including the GP surgeries in Keighley that have told me they are now deciding to freeze recruitment, or the increase in the minimum wage or in business rates, or, perhaps, the Employment Rights Bill, which will cost businesses £45 billion a year, will the Chief Secretary to the Treasury say, in his statement on growing the economy, which of these measures he thinks will grow the economy most?

From the nature of his question, I am not sure the hon. Gentleman enjoyed the statement today. Look, there are lots of examples today, both in this statement and in the Chancellor’s commitment, that have stimulated investment and, as a consequence, will stimulate growth in the economy. The key question here is: are businesses seeing the UK as a place to invest, are they investing in the country, and are they building in Britain? The answer is: yes, yes, and yes.

We have today heard a full-throated commitment from the Treasury to the Teesside’s sustainable aviation fuel industry. I thank the Treasury for listening to Teesside MPs on the revenue certainty mechanism, which will unlock millions of pounds of investment in the industry from companies such as Alfanar and Iogen. Will the Chief Secretary deliver a message from the Dispatch Box to SAF investors the world over that Teesside is open for business?

I thank my hon. Friend and all my hon. Friends from the Teesside region, who have campaigned hard for investment in their area. I visited the plant in question when I was Chair of the Business Committee in the former Parliament, and I remember clearly the company saying how frustrating it was that the previous Government would not allow them to invest and grow the development of sustainable aviation fuel, but were instead allowing it to be imported at cost from other countries. This Government are taking a different approach, which is unlocking investment and jobs in Teesside, and across the country, in the interests of working people.

I welcome the Chief Secretary’s commitment to investing in my Oxfordshire constituency, and particularly in our science centres of Milton Park, Culham and Harwell campus. However, the commitment to the south east strategic reservoir option—SESRO—will be met with far more questions, given Thames Water’s track record. On 15 January 2025, in New Civil Engineer, a water engineer suggested that the reservoir’s £2.2 billion cost could be much better spent tackling leaks and reducing water demand and waste. Will the Chief Secretary meet me to discuss these unanswered questions about the reservoir?

The Environment Secretary, working with the regulator Ofwat, has agreed the largest investment in the water industry on record, with more than £100 billion over the years ahead to tackle issues with sewage and leaks in the Victorian infrastructure, and, crucially, for the first time in decades, to actually build a reservoir, which this country needs. That is why it is important that we have announced those two plans today. They will, of course, go through the normal processes, and I am sure he will be paying attention to that as they come forward.

I enthusiastically welcome the Government’s commitment to growth and commend them for taking the difficult decisions required to generate it. It is important that all parts of our country benefit from the proceeds of growth. In my capacity as a Leeds MP and chair of the all-party parliamentary group for Yorkshire and northern Lincolnshire, I ask the Chief Secretary how the national wealth fund and the strategic partnership in West Yorkshire will benefit my region through growth agreements and, crucially, sharing the proceeds of growth.

These partnerships with the national wealth fund are crucial to ensure that local entrepreneurs, businesses and investors have access to the services provided by the Government. Too often, it is only people who know how the system works or who know the people involved who can get deals done, which means that people, especially in the regions, have historically lower levels of investment than companies, in particular in London. That is why we want to ensure the door is open to entrepreneurs and investors in areas of high growth potential, including in Leeds, so they can get their businesses growing and delivering for the UK economy.

It has been interesting listening to the statement on growing the UK economy, when everything the Labour Government have done so far is having the exact reverse effect. In Epping Forest, businesses and vital services are talking about job losses and a freeze in recruitment due to the jobs tax, while across the country, family farms and businesses are worried about their futures, with the Government’s heartless inheritance tax policies, children are having to move school and some independent schools are having to close due to the punitive school fees policy. When will this Government admit they have got things wrong and, for the sake of opportunity and growth, reverse their ill-judged policies?

Just to reassure the hon. Gentleman, I will point to three things he may wish to look at: in its long-term forecast, the OBR forecasted growth increasing in this country, unlike what he has said; the International Monetary Fund has just upgraded the growth projections for the UK; and PwC just released a report showing that for the first time ever, the UK is the second most investable country in the world. I hope the hon. Gentleman welcomes those things.

Almost a decade ago, I had the interesting experience of working for the Labour party on aviation policy and, on Heathrow, the fundamentals have not changed. The exhaustion of that sovereign hub capacity is offshoring our emissions and is a stopper on growth in every part of the country. Does the Chief Secretary agree that this decision is long overdue? In respect of comments from those on the Opposition Front Bench, will the Chief Secretary also confirm that in the two months since the Budget, redundancies as notified by employers are down by 20% compared with the same period under the previous Conservative Government?

Well, I thank my hon. Friend for coming to the House today to inform us of those interesting statistics—I am sure Opposition Members are listening closely. He is right: behind the support for the plans for Heathrow coming forward is not only that we think that we are losing investment and jobs to other countries, but that we are offshoring the emissions of goods being brought in from around the world via other places before they come the UK by other means. That is why we think this plan is good for the country but can also be in line with our net zero commitments. As I say, those details will be set out further in due course.

It was heartening to hear the Chief Secretary talk about the importance of inclusive growth in every nation and region of the United Kingdom, and that regional growth will be hardwired into the comprehensive spending review and the Government’s infrastructure plans. However, he will be aware that such promises have previously been made to areas such as Ceredigion Preseli, but remain unfulfilled. Will the Chief Secretary therefore explain what investment the people of mid and west Wales can expect to see under his Government’s plans?

I thank the hon. Gentleman for his question and his campaigning on behalf of his constituents. As I am sure he will have seen, the Government recently announced hundreds of millions of pounds of inward investment for skills in the green economy in his side of Wales, in Pembrokeshire, where there is enormous potential both for onshore and offshore wind development, and training people to be able to build those bits of infrastructure. That was the first of what I am sure will be many announcements to benefit his constituents.

Order. If Members’ questions are short and if the answers are to the point, I will do my best to get everybody in. To show us how it is done, I invite Kanishka Narayan.

Harold Wilson said: “The only human institution which rejects progress is the cemetery.” Today, we can add to that the Tory party. Will the Chief Secretary ditch that Tory past, seize the spirit of Wilson and bring the white heat of technology back to Britain’s shores, including an AI growth zone in the Vale of Glamorgan?

Pithy, Madam Deputy Speaker! Yes, I completely endorse my hon. Friend’s question. He knows very well that in the technology space there are huge opportunities for investment in the UK. Our AI investment zone announcement will be the first of many such announcements in the years ahead.

I thank my constituency neighbour, the hon. Member for Bedford (Mohammad Yasin), for campaigning so tirelessly to bring Universal Studios to my constituency. Constituents in Mid Bedfordshire and across the country will be surprised not to hear the Government back Universal Studios. Will the Minister confirm when he intends to conclude negotiations with Universal Studios and come back to the House with an update?

I am afraid I cannot give the hon. Gentleman a date, because negotiations are, as he will know, negotiations. They are ongoing, but I am hopeful that we will be able to come back shortly with updates to show that we are able to deliver deals much faster than his party, when it was last in government.

I thank Ministers, on behalf of Dartford residents, for the announcement from the Chancellor this morning that the lower Thames crossing is getting the green light from the Government. That will unlock growth across the UK economy, the Thames estuary and Kent itself, as well as relieving the misery Dartford residents currently experience at the Dartford crossing. Is the Chief Secretary to the Treasury able to update residents on what work the Treasury is doing to pull the private finance package together to make it a reality?

I support my hon. Friend’s encouraging words on the Chancellor’s announcement on the lower Thames crossing. The Treasury is working with the Department for Transport and the project leaders for the lower Thames crossing, and I suspect we will have more to say in the coming months.

The Chief Secretary to the Treasury articulates a vision whereby the Government are committed to facilitating business investment, generating jobs and opportunities. However, I would welcome his comments on what the Government are doing to support small businesses which form the backbone of our economy, especially in my constituency where we have over 600 small businesses.

As the hon. Member will know, at the Budget, in our design of the national insurance contribution scheme for employers, we protected small businesses to ensure that over 50% of businesses will pay either the same as they did before or less than they did before in employer national insurance contributions. That is in addition to a permanent discount on business rates for retail businesses on the high street, many of whom will be small businesses of the nature he refers to in his question.

Does my right hon. Friend agree that today’s announcement on Heathrow sends a serious signal to international investors, trading partners and Scottish exporters—for example, many tens of thousands of tonnes of Scottish salmon go through Heathrow every year—that the Government will choose growth? Does he agree that, unlike the Conservative party and the gloom and doom from the SNP, we will bring growth to the Scottish economy?

I absolutely agree with my hon. Friend. This is a Government who are willing to act in the interests of the UK economy. Investors around the world are taking note, as the Chancellor heard at Davos. They know that Britain is back, Britain wants to build and we are here to do business.

I thank the Chief Secretary to the Treasury for his truly encouraging statement. I would be churlish to say anything other than well done. However, as he will know, we have an issue in Northern Ireland. Economic output increased in Northern Ireland by 8.1% above 2019 pre-pandemic levels, but we are not yet close to our potential. An important factor in business growth is confidence. However, there is an obstacle. Will he outline how businesses in Northern Ireland can be confident, when we are still entangled in the protocol-supplied red tape that prevents good deals and hampers small and medium-sized businesses throughout the Province?

We share the hon. Member’s ambition for the Northern Ireland economy and the people of Northern Ireland. We continue to work with them to unleash that potential. In respect of our trading relationship with the EU, Ministers are in active discussions right now.

I had the pleasure of welcoming the Minister to my constituency at the weekend. Will he outline how the national wealth fund will establish partnerships in regions such as Essex, including in my constituency?

I thank my hon. Friend. As he has seen from announcements today, but also from our ambition for the country more generally, we are on the hunt for growth opportunities, wherever they may be. We worked in partnership with business investors to unleash their potential to generate great jobs, businesses and innovations for UK plc in every region of the nation. I look forward to working with him and his friends in the region to ensure that that comes to his constituency too.

I was proud to set up the Labour growth group, now ably chaired by colleagues, to demonstrate that we on the Labour Benches are the party of builders, not blockers. I was struck to hear the Leader of the Opposition say it herself today: she said, almost mockingly, that the Conservatives could have taken all the decisions the Chancellor made today, but they did not. Does the Chief Secretary to the Treasury agree that that about sums it up? In the end, they always put their party management before the national interest.

I thank my hon. Friend for his leadership of the Labour growth group, which shows that from the Back Benches all the way through to the Front Bench, this Labour party in government is committed to stimulating growth in the economy in the interests of working people, unlike the Conservative party which just argued with itself for years and failed the people.

Yesterday evening, I had the privilege of meeting some leaders of our ceramics industry, a vital sector that was grossly neglected by the previous Conservative Government. Does my right hon. Friend agree that our heavy industries, such as metals and chemicals, are where the UK has a competitive advantage, can attract international investment, and can deliver the growth in jobs that people voted for in places from Stoke to Stockton?

Those sectors are important not just for UK plc, but for communities such as my hon. Friend’s. It is right that we support those businesses and the workers in those industries to develop opportunities to grow and invest, as well as to work through the transition required to ensure that they are sustainable for the future. That is exactly what the Government will be doing.

For 14 years the Conservatives ignored the economic needs of communities across the Hexham constituency, including the Tyne valley. Businesses and young people in my constituency are desperate to grow, invest and remain there. Will my right hon. Friend agree to come to my constituency and meet businesses to see the growth opportunities in the Tyne valley?

I have a growing list of invitations, Madam Deputy Speaker. I look forward, if my diary manager allows me, to going to my hon. Friend’s constituency. He will know that the transport connectivity and the house building targets in our plan for growth are crucial to ensuring that people are able to seize opportunities where they are from, without necessarily having to leave where they are from and find opportunities elsewhere in the country. That is what inclusive growth looks like.

Will the Chief Secretary to the Treasury please confirm that the development consent order has not yet been granted for the lower Thames crossing, and that it will not necessarily go ahead without mitigations and protections for the residents in Gravesham, such as on local air quality issues, skills and training hubs in Gravesham, free and discounted travel for Gravesham residents, and the impact on the local roads? Will those issues absolutely be considered going forward, and will he meet me to discuss them?

I would be delighted to meet my hon. Friend, who is doing a brilliant job, as the local MP, to ensure that these projects are done properly. I can confirm that, of course, all appropriate processes, including on the development consent order, will be undertaken in due course.

The Minister and the Chancellor are absolutely right that more growth means more pounds in people’s pockets, which is exactly what we were elected to deliver and what the Conservatives failed to do for years and years. The west midlands is a car manufacturing heartland and I was delighted about the big investment today in electric vehicle infrastructure. Will the Minister say more about how it will be great for EVs, great for the green transition and brilliant for the people of the west midlands?

I thank my hon. Friend for her excellent question and for highlighting the important role the west midlands plays in our important automotive sector. As the House knows, we want to transition over time to electric vehicles. That means investing in jobs, skills, industrial capacity and, crucially, bringing down the cost of EVs, including the charging infrastructure that people rely on. That is what our announcement today will help to do.

I welcome the Government’s announcements today, in particular on the Oxford-Cambridge growth corridor. Cambridgeshire and Peterborough are an economic powerhouse for our country. What we often find is that spin-out businesses from Cambridge look to move to Peterborough as they grow, because of our expertise in advanced manufacturing and logistics. Does the Chief Secretary agree that, with the benefits the growth corridor will bring, it is also vital that we bring in the expertise from Peterborough and utilise the increased transport connectivity to do that?

I thank my hon. Friend, who is absolutely right. The growth corridor is an important enabler not just for developments along the railway, but for the whole region, as we see from other countries that get such projects right—for example, the Chancellor referred to silicon valley—where the opportunities for the broader region are made available. I am sure they will be available to the people of Peterborough, too.

Newcastle International airport, located both in my constituency and in that of my hon. Friend the Member for Hexham (Joe Morris), is crucial for connecting businesses and people in the north-east to the rest of the world, often by flying via other hub airports. Does the Minister agree that increased capacity at Heathrow will provide vital opportunities for the north-east, boosting economic growth for the entire country? And while he is visiting the Tyne valley, if he wants to pop over and see what was recently awarded the title of the world’s best airport, we would give him a great welcome.

I congratulate my hon. Friend on her airport and look forward to seeing it in due course. The premise of her question is entirely right: if businesses are to export, they need to be able to send their goods, and if they cannot get slots at Heathrow to enable those goods to be distributed around the world, they will just not be able to do business. This Government will unlock that opportunity for them, and I look forward to the potential that it will bring to her constituency and the region.

Is it not the case that this Government have, to coin a phrase, a “build, baby, build” approach—as, indeed, has been confirmed by my right hon. Friend—unlike the blockers on the opposite Benches? Can my right hon. Friend also confirm that there is an active private sector interest in the lower Thames crossing, and will he give us a timetable for its progress as soon as possible for the benefit of those living in Kent and Essex?

I have to confess that “build, baby, build” was not included in the “lines to take” this morning, but perhaps it is now. My hon. Friend asked about private capital. We know that there is an enormous amount of interest in investing in the UK, so long as we can show that we can deliver and get things done, and we are working actively with partners to do just that. More details will be confirmed in the spending review and the infrastructure strategy early in June.

I welcome the statement and congratulate my right hon. Friend on it, but may I ask him for some reassurance? When we are looking at strategies for logistics, will we consider the importance of our ports, adopt a proper national strategy for making the most of them, and ensure that our coastal communities can be part of that growth strategy and that our economy is rebalanced towards those communities?

My hon. Friend is absolutely right; our ports play a really important role in the UK economy—I declare an interest in respect of my own constituency. She will, I am sure, have welcomed initial Government investment in our ports, not just for trade and logistics but for our ability to deliver infrastructure—for example, in floating offshore wind. I know that the Government have more plans in this area, and more announcements will be made soon.

I was very pleased to hear about the ambitions for the Oxford-Cambridge growth corridor, which will create great opportunities for my constituents. I was particularly pleased to note the emphasis on infrastructure, including the East-West Rail link, and I would love to see a rail link from Aylesbury to Milton Keynes and on to East West Rail in due course. Does the Chief Secretary agree that good transport infrastructure of this kind is critical to growing our economy?

My hon. Friend is absolutely right; both mass transit within city regions and intercity connectivity link people with jobs and opportunities, which is why it is a crucial part of our growth mission. We will give further details later this year of how we will unlock investment in the sector and provide jobs for people throughout the country.

For too long we have been held back by the Conservatives’ dither, delay and indecision over Heathrow expansion. A third runway will strengthen Heathrow’s hub status and make it easier for Scots to connect to the world and bring tourists to our shores. Increased connectivity will also make it easier for Scottish exporters of world-class products such as Aberdeen Angus beef, Orkney seafood and Glenmorangie and Ardbeg whisky—bottled in my constituency—to grow their businesses. Does the Chief Secretary agree that what has been announced today will be significant for my Livingston constituents, as well as growing our economy right across the United Kingdom?

My hon. Friend makes an excellent case for the positive impacts that this will have on the Scottish economy and the important role that it plays in our United Kingdom economy in respect of growth across every nation and region. It is a nice contrast, might I say, with voices opposite that were talking down the potential for Scotland—unlike this Government, who are delivering the potential for Scotland.

The manufacturer Alexander Dennis proudly builds innovative British electric buses in Scarborough—I think this might be a case of a “build, baby, build British buses.” Does the Chief Secretary agree that British manufacturing and buying British goods are key to our economic growth?

My hon. Friend is right, and she is a great advocate for businesses in her constituency. She will know that Mayors in the UK, for example, have committed themselves to buying electric buses from British manufacturers, and we will be working with mayoral authorities in the years ahead to ensure that we can do more of that, not less.

It is good to hear the Chief Secretary and the Chancellor talk about removing barriers to growth, but in Gateshead we have a literal barrier to growth: 400 tonnes of concrete in the Gateshead flyover, which is currently closed because it is unsafe. As yet the money to replace this has not been forthcoming, even though it would unlock housing and the redevelopment of Gateshead’s town centre. Can the Chief Secretary assure me that projects of this kind, in Gateshead and across the country, will be prioritised as a way of unlocking further growth in the economy?

I thank my hon. Friend for raising that case. Let me encourage him to write to the Transport Secretary and copy me into his correspondence, so that we can look at the details and consider it further.

Officials told the Public Accounts Committee on Monday that nutrient neutrality rules were blocking the creation of new prison spaces, and the same rules are blocking the building of 150,000 homes. Will the Chief Secretary commit to speeding up the Government’s review of those rules?

I thank my hon. Friend for his question and congratulate him on his upcoming paternity leave. He knows that the Government are committed to protecting the environment but also to cutting red tape. We have shown that that can be done in a win-win way, through the nature fund announced by the Environment Secretary recently. We will be doing further work on this issue in the coming months to ensure that we can deliver for Britain and for the natural economy.

The Chief Secretary has been on his feet for nearly an hour and a half. He has a long visit list, and obviously he will want to visit Sussex Weald first and foremost.