Opposition Day — Economic Policies — 16 Jun 2010 at 18:45

The majority of MPs voted against a motion questioning some elements of the Government's economic policies

While the below motion was rejected in this vote the first three bullet points were retained when an amended version was passed:

"That this House

• notes the need for a clear deficit reduction plan, and that such a plan must have at its heart measures to foster growth and create the conditions for a strong business-led recovery;
• believes Government has a crucial role to play in fostering economic growth and in creating a better-balanced economy;
• supports strategic decisions to back key sectors such as digital, life sciences, low carbon manufacturing and civil nuclear power;
• congratulates the previous Government for supporting businesses through the downturn and laying the foundations for the UK to be globally competitive as the country makes the transition to a low carbon economy;
• expresses serious concern that the Government's decisions risk removing key support for business and industry at a critical moment in the economic cycle;
• further believes that cutting investment allowances will pull away vital support for manufacturers seeking to invest and grow;
• further notes that the Government's scaling back of the regional development agencies at a time when recovery is fragile will impact on investment vital for regional economies; and
• regrets the coalition Government's decision to place a question mark over a number of vital industrial support decisions taken by the previous Government.

This division was followed straight away by a further vote on the motion as amended.

Debate in Parliament | Source |