They could indeed.
My hon. Friend the Member for North Durham also talked about the development of the economy in the north-east; I agree with him. Sometimes it is difficult for people to see what is going on in the economy. The pattern at the moment is that jobs in large manufacturing companies are disappearing; obviously, that is serious for the people who work in those factories. However, at the same time, other investments, made by small and medium-sized firms, are coming in.
The other significant point is that, as the Secretary of State for Business, Enterprise and Regulatory Reform was saying earlier, we now have record levels of inward investment in this country because our business climate is so good for investment from overseas. The County Durham Development Company, for example, shows that in the past decade the county has benefited from 181 separate inward investment projects with employers from the United States, Japan, Taiwan, Ireland, Iceland and Germany. All have put money in, and that has created 6,000 jobs over the same period. I wanted to reinforce my hon. Friend's points.
Finally, I thank you, Madam Deputy Speaker, and all the staff of the House and the officials who support me. I wish you, them and everybody else a restful and enjoyable Whitsun recess.
Whitsun Adjournment
Proceeding contribution from
Helen Goodman
(Labour)
in the House of Commons on Thursday, 22 May 2008.
It occurred during Adjournment debate on Whitsun Adjournment.
About this proceeding contribution
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476 c467 Session
2007-08Chamber / Committee
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