Autumn Statement

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 1:25 pm on 3rd December 2014.

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Photo of George Osborne George Osborne The Chancellor of the Exchequer 1:25 pm, 3rd December 2014

My right hon. Friend the Leader of the House, who is sitting next to me, said, “Oh, really”. I said that the sovereign wealth fund should be for across the north of England so that I did not get into any trans-Pennine, war of the roses dispute.

My hon. Friend is absolutely right that many of the immediate opportunities are in Lancashire, in or near the area he represents. I have spoken to him about what more we can do to make sure that local communities see the benefit of the jobs, investment and resources that we will get as a result of this important energy exploration and extraction. Of course, we now have the new college in the area—that has just been announced—so local people will have the right skills to get those jobs.