What fiscal steps he is taking to encourage job creation in the private sector.

How many jobs have been created in the private sector since 2010.

Private sector employment has been growing robustly, with 1.3 million jobs created in the sector since the start of 2010. At Budget 2013, we announced the £2,000 employment allowance, which will support businesses aspiring to grow by hiring their first employee or expanding their work force. Businesses will be able to employ four adults or 10 18 to 20-year-olds full time on the national minimum wage without paying any employer national insurance contributions at all.

Does my hon. Friend agree that the combination of an enterprise zone and a regional growth fund that has been supporting jobs in my area following the Pfizer closure, and which the Chancellor very kindly opened, has delivered 750 new jobs in one year? We hope to be announcing a further 200 jobs in the next couple of weeks. Does that sound like a private sector success?

It certainly does, and I pay tribute to my hon. Friend for the work that she has done for her Constituency. Discovery Park is proving to be a success, with help from the regional growth fund and as an enterprise zone—and long may that success continue.

The 2010 autumn statement confirmed the dualling of the A11, raising investor confidence in Norwich as a destination for growth. May I urge Treasury Ministers to be similarly bold in their spending review in relation to the A47, where investment has the potential to create up to 10,000 more jobs for the region?

I am grateful for that question, and I am sure that my hon. Friend will be listening attentively to any announcements made later on in the week. His Constituency is another example of where private sector growth has been very strong, reflecting the national pattern.

How many jobs will high-speed rail create?

Over time, tens of thousands.

Following the success of last week’s G8 summit, Northern Ireland is now looking forward to the international investment conference in October. Will the Treasury work closely with the Prime Minister and the Northern Ireland Executive to ensure that we maximise private sector investment in Northern Ireland, both in 2013 and 2014?

Yes, absolutely. There needs to be a much stronger private sector in Northern Ireland, as has been accepted by this Government and by all the parties in Northern Ireland.