Andrew Bridgen calls for a debate on the size of the state and economic growth
Andrew Bridgen calls for a Parliamentary debate on the correlation between the size of the state and economic growth.
Andrew Bridgen (North West Leicestershire) (Con): May we have a debate about the correlation between the size of the state and economic growth? Evidence from around the world shows that economies with a smaller state sector have faster and higher economic growth. My constituency is the 10th least reliant on public sector employment, has less than half the national average of unemployment and is one of the 20 fastest growing districts in the country. Does that not demonstrate to the Leader of the House that the Government must press on with measures to rebalance our economy as a matter of urgency?
Sir George Young: My hon. Friend is right that if we want sustainable growth and secure, well-paid jobs we must rebalance the economy so that it is less dependent on public sector employment and more dependent on private sector employment. I welcome the way that my hon. Friend’s constituency has diversified and is less dependent on public sector employment. He has just outlined the advantages of a relatively high employment rate and a relatively low unemployment rate. That is the transition that my right hon. Friend the Chancellor is seeking to promote in other parts of the country, with assistance for those parts that are at the moment over-dependent on the public sector through the regional growth fund and with other measures.