UK Gross Domestic Product

Part of the debate – in the House of Commons at 3:37 pm on 13th June 2022.

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Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury 3:37 pm, 13th June 2022

My hon. Friend predictably, and reasonably, makes a plea for investment to be located in his constituency, but he also draws attention to the significant investment of £20 billion in R&D by 2024-25. He is right to stress that to get a high-productivity, faster-growing economy we need to make those sorts of strategic investments and build on what we have already done. I will look constructively at his suggestion about his constituency and region.