Part of Oral Answers to Questions — Business, Innovation and Skills – in the House of Commons at 9:30 am on 26 March 2015.
George Freeman
The Parliamentary Under-Secretary of State for Business, Innovation and Skills, The Parliamentary Under-Secretary of State for Health
9:30,
26 March 2015
What we need is not more bureaucracy and commissions, but continued progress on infrastructure investment. Specifically, the Chancellor announced in the Budget that we are proceeding with the electrification of the Selby to Hull line. The Liverpool to Manchester line has already been electrified and the Manchester to Selby line is being done. We are investing major sums in northern infrastructure to drive the northern powerhouse—£1 billion on the region’s railways and on updating trains. This is strongly supported. John Cridland of the CBI, for example, said:
“Businesses in the north will be encouraged by ongoing support for infrastructure and innovation.”
The Construction Products Association said:
“We are pleased to see that the government recognises the value of infrastructure, and…has prioritised” it.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.
