International Investment Summit
1/28. What assessment he has made of the potential implications for his Department's policies of the outcomes of the international investment summit.
We held, as we have said, an international investment summit on 14 October, 100 days after we formed the new Government. We secured £63 billion of investment, which is twice the level of the previous Government’s investment summit. The investment will create high-quality, high-skilled, well-paid jobs across the country, and represents a huge vote of confidence in this new Government.
As my hon. Friend quite rightly said, the Labour party is now the party of business without any question. Does she agree that the measures committed to in yesterday’s Budget on clean energy, carbon capture and storage and hydrogen—which were backed up, by the way, with a commitment from a Canadian investor of another £1.8 billion in offshore wind—show how much this Government are in tune with the business community? We are attracting investment and building on the investment summit, and we will deliver jobs for our constituents and our communities up and down the country.
I agree wholeheartedly with my hon. Friend. I also agree with the former Chancellor, Kwasi Kwarteng, in his article yesterday. I quote: “Conservatives, like myself, should be honest” and “Reeves is cleaning up our mess”.