Dame Harriett Baldwin

My hon. Friend is spot on, because it is that foundation of private sector prosperity that will create the tax revenues that we can use to pay for excellent public services. A similar point was made by my hon. Friend the Member for Mid Leicestershire (Mr Bedford)—and I agree that the House is shocked to learn that he will be 40 next week. He illustrated the importance of business and of the private sector. At times—I hope you will permit this, Madam Deputy Speaker—a quote from Mark Twain came to mind: “lies, damned lies, and statistics.” I cite it to summarise some of the contributions. I want to set out for the record some statistics. Youth unemployment is now at 15.9%. There has been a rise of 2.5% on this Government’s watch. As we have heard in a range of speeches, 729,000 young people are unemployed in this country. That is a scandalous 103,000 more than the previous year. That number does not even include those who were signed off as long-term sick. Indeed, nearly 1 million young people are not in education, employment or training, and that is up by 25,000 since this Government came to power. Many of them are university graduates. The Centre for Social Justice has warned that over 700,000 university graduates are now out of work and on benefits, and many are fleeing the country, looking for opportunity elsewhere. Last year there was net emigration of 59,000 people under the age of 24.