Back British firms to build HS2 and lead jobs revolution – Jacob Young

Four months ago, as a country, we all sat down and watched the Prime Minister announce the national lockdown.

Businesses closed their doors, not knowing when they would reopen.

Employees went home, not knowing whether they would have a job to return to.

Families sat with their children, not knowing when schools would return.

The Government recognised the scale of the sacrifice and delivered an unprecedented level of support for workers throughout Britain.

In Redcar and Cleveland alone, more than 20,000 people were helped through the coronavirus job-retention scheme and the self-employed income support scheme.

I accept that the system is not perfect and that some people were not able to get the same level of support, but those two schemes alone are recognised as some of the most generous globally.

If we consider the cut in business rates, the mortgage holidays, the coronavirus business interruption loan scheme, the bounce-back loans, the uplift in Universal Credit, the Future Fund, the sick-pay rebate, the tax deferrals and the £30m-worth of small business grants given to Redcar & Cleveland Borough Council, we can see that this is a Government which is determined to support businesses and working people with whatever it takes.

Now is the time to get things back on track.

Following on from the plan for jobs, there are three areas in which I think we can start a jobs revolution.

The first is focused decarbonisation. Before the lockdown, between January and March this year renewables soared to make up 47 per cent of all UK electricity generation – up from a mere six per cent 10 years ago.

Our new normal is greener, but there is still more to do. The announcement on the green homes grant is a fantastic first step, and in the Budget earlier this year the Chancellor had already committed £800m to support carbon capture, utilisation and storage, but I urge him to go further in his autumn Budget.

Investment in hydrogen technology can decarbonise our hard-to-abate sectors such as transport, domestic heating and industry, creating and securing hundreds of thousands of jobs in the sector.

Secondly, the Chancellor and I share a love for free ports. However, the process for developing our free port strategy could end up being long and complex.

By fast-tracking Teesside as a free port pilot, without the need for the lengthy competition process, we will start to create new jobs now and benefit from free port status immediately after January 1, 2021.

Thirdly, we need to reform public procurement to help to support local businesses and ensure that UK jobs are supported. We are embarking on a decade of build, build, build, and one of the largest pieces in the jigsaw will be HS2.

However, we already see parts of HS2 being made in France when British fabricators have the capability here. This is not a cry to buy anything with a Union Jack printed on it – we should of course protect the public purse and strive to deliver value for money – but we must always consider the economic, social and environmental impact of choosing to support UK jobs.

By seizing such opportunities, we can be at 
the forefront of a global transition and lead the way to a new, healthier post-Covid economy.

To conclude, the last time this country was asked to make a national effort on this scale was during the Second World War.

After so much destruction, the areas that the Government needed to rebuild then were obvious – roads, ​infrastructure and buildings – and left little room for innovation.

This time it is different: this time we have the ability to decide our own spending priorities on the back of this crisis.

I know that everyone will seek to play their part in helping the country to rise to this challenge of new proportions and ensure that no one is left without hope.

Jacob Young is the Conservative MP for Redcar. This is an edited version of his response to the Chancellor’s economic statement.

Editor’s note: first and foremost - and rarely have I written down these words with more sincerity - I hope this finds you well.

Almost certainly you are here because you value the quality and the integrity of the journalism produced by The Yorkshire Post’s journalists - almost all of which live alongside you in Yorkshire, spending the wages they earn with Yorkshire businesses - who last year took this title to the industry watchdog’s Most Trusted Newspaper in Britain accolade.

And that is why I must make an urgent request of you: as advertising revenue declines, your support becomes evermore crucial to the maintenance of the journalistic standards expected of The Yorkshire Post. If you can, safely, please buy a paper or take up a subscription. We want to continue to make you proud of Yorkshire’s National Newspaper but we are going to need your help.

Postal subscription copies can be ordered by calling 0330 4030066 or by emailing [email protected]. Vouchers, to be exchanged at retail sales outlets - our newsagents need you, too - can be subscribed to by contacting subscriptions on 0330 1235950 or by visiting www.localsubsplus.co.uk where you should select The Yorkshire Post from the list of titles available.

If you want to help right now, download our tablet app from the App / Play Stores. Every contribution you make helps to provide this county with the best regional journalism in the country.

Sincerely. Thank you.

James Mitchinson

Editor