Mr Redwood’s contribution to Treasury Questions, 11 September

Mr John Redwood (Wokingham) (Con): Does the Chancellor agree that the projects that have the most beneficial impact on the economy are those that are fully self-financing in the private sector because they are popular?

The Chancellor of the Exchequer (Mr George Osborne): I agree that we want to see private sector investment, and tens of billions of pounds of private sector investment is coming into the United Kingdom. Indeed, today the Chinese company Huawei has announced a $2 billion investment in the UK. I absolutely agree with my right hon. Friend. We want to create the low-tax, competitive conditions for the UK economy in which the private sector can grow, but I think he would recognise that there is a role for public money in providing large-scale transport infrastructure, for example, which these companies need to succeed.

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3 Comments

  1. sym
    Posted September 12, 2012 at 10:58 am | Permalink

    Translation: “no”.

    Addendum to translation: “we like big government, big spending, we like to rule over people’s lives and spend their money”. “PS: 75% is low tax. It’s surely lower than 98%, right?”

    • Patrick Loaring
      Posted September 12, 2012 at 2:53 pm | Permalink

      sym; translation please!!

  2. BobE
    Posted September 12, 2012 at 2:22 pm | Permalink

    These people will leave office in 2.5 years time and probably continue on to become commissioners in the EU (colocally known as the new world order). The idea is to eventually align with the NAU to form the first western group.

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    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

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