This was a good Budget: strong on housebuilding; fair to young people wanting to travel and to young families who want to own their home; credible on the debt and the deficit; and transformative for Teesside.
The north-east lies at the heart of global Britain. We are the only net exporting region of the country. For those who do not know my area, it is hard to overstate the economic and emotional significance of the Redcar steelworks. The fact that they stand cold tonight, rather than producing molten Teesside steel, has felt, for so many and for so long, to be the final indignity for an area that was brought into being to create and has instead often been synonymous with decay. Identity, cohesion and pride are pale words to set alongside overfull hearts about the consequences of what the closure has meant.
There are very few company towns and areas in our country. This was one and it is in that context that the Government’s commitment to the South Tees mayoral development corporation needs to be understood. Our mayor Ben Houchen and the mayoral development corporation board have been working overtime and there have been 60 expressions of interest in the site. This is the most exciting regeneration project in the whole country. The Prime Minister visited in August and we have now received £182 million of investment. That is why it is so powerful a signal that central Government, so profoundly mistrusted and so often derided, are opening the door to a better future so that Teesside is not a charity case, but is able to earn our future on equal terms with the rest of the world.
What cannot be excused, and what I will not forgive, is the reaction of local Labour politicians and the debate they have tried to whip up about the announcement somehow being about recycled funding. They have been so quick to downplay it, to pour cold water on this flicker of hope and this life breathed into the embers of SSI. Not only are they wrong—the fact is that this is new money, as confirmed by the Treasury—but they are damaging. What kind of signal do they send to investors? What kind of message do they send to our constituents? What kind of service do they perform to Teesside? There is an irony too bitter for words: they are the first to denounce the Government for betraying the north-east, yet when money is provided they are more interested in their own faux outrage than in furthering the area’s best interests. Bob Cuffe, an independent member on the MDC board and the north-east managing director of Trinity Mirror, tweeted:
“Breaking News. Yesterday Teesside was at risk of an outbreak of optimism and hope. Families wondering if potentially good news had broken out. Thankfully Loyal Labour Forces came out quickly with Party Gloom Blankets to try and extinguish the hope.”
The Evening Gazette has been running an excellent “Invest in Teesside” initiative. It is time for the whole area—businesses large and small, politicians of all colours and standing—to come forward and wave the flag for Teesside. It is time for optimism in our area.
The latest figures show that the north-east has just set a new record: the highest ever level of employment. Moreover, the number of unemployed people has fallen by almost 10% on a year ago. This is testament to the energy and ingenuity of all the firms I have visited across my constituency. The South Tees mayoral development corporation needs to be supported to flourish, but it is not the limit of our ambition. I have spoken already about carbon capture and storage. I could also mention the new Sirius Minerals mine or free port status for Teesport, which will create huge opportunities in a global world. That is the vision, that is the journey and, for as long as I have any part to play in the future of our area, that is what will be realised.
8.40 pm