Proceeding contribution from Lord Lea of Crondall (Labour) in the House of Lords on Thursday, 11 August 2011. It occurred during Ministerial statement on Global Economy.
Global Economy
I had better spell it out as sometimes it does not get across. That tour could demonstrate that the higher economic growth rate in Britain than in Germany could help solve the German problem. I have a second question arising from that. My noble friends will not be aware of this but I asked a Written Question about the relative position of German multinationals and Britain’s multinationals and the proportion of value added in Germany and Britain, the home country. It is pretty obvious from the FT Global 500 employment figures that Germany, which has only about half the number of multinationals as Britain, is miles more successful. Employment in Germany—that is the value added as a proportion of the German economy—is far, far higher than in British multinationals. My question, which I shall repeat, asked the Government to give me the statistics. I had the most perfunctory reply in one sentence from the noble Lord, Lord Sassoon, that the Government are not interested in such statistics and that it was not their job to collect them. The Department for Business knows what the figures are, and the relative value added of our multinationals in Britain and the relative value added of multinationals in Germany. Will the Minister today say that he will look at the matter more carefully and give me, the House and the Library a less perfunctory answer?
Secondary information
- Type
- Proceeding contribution
- Reference
- 729 c1546-7
- Session
- 2010-12
- Chamber / Committee
- House of Lords chamber
- Subjects
- Banks Financial markets Economic and monetary union Government securities Public sector debt Shares USA Stock market World economy
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 18:13:35 +0000
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