UK Economic Growth

Part of Oral Answers to Questions — Treasury – in the House of Commons at 2:30 pm on 3rd November 2009.

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Photo of Alistair Darling Alistair Darling The Chancellor of the Exchequer 2:30 pm, 3rd November 2009

I am sure-and I certainly hope-that you would rebuke me, Mr. Speaker, if I were to try to read out a table giving all that information immediately, but my hon. Friend makes the general point that the measures we are taking are making a difference. The scrappage scheme, which is part of the stimulus and which has been opposed by the Conservatives, has meant that Nissan has taken on more workers in Sunderland and has reported an increase in its small car sales. Honda is also reporting an increase in its sales after having had a lay-off for the first six months of the year. I say to the Conservatives that the point at issue is that Government action can and does make a difference; that is the difference between the two of us. We must continue to support our economy until we have made sure that the recovery is established and we can then start the necessary consolidation. That is very important, and I am sorry about the Conservative party's approach. Of all the 186 members of the International Monetary Fund, there is not a single country that believes in and supports the stance the Conservatives have taken.

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David Gwyn Griffiths
Posted on 4 Nov 2009 12:18 pm (Report this annotation)

Is in not a fact that following the introduction of the 'Scrappage Scheme' that many, if not all motor manufacturers increased the cost of their cars by £2000, thereby ensuring a greater profit.

David Gwyn Griffiths