Today, Sir Oliver Dowden MP raised his concerns about Labour solving the loss in market confidence by taking decisive action on spending and by attracting inward investment. 

He intervened in an Opposition Day debate, saying: 

"Would my right hon. Friend agree that correcting this loss of market confidence demands decisive action from the Government at the Budget, and that that decisive action cannot be taken solely on the tax side? The tax side is what has driven us into this loop. We need decisive action on spending and particularly on welfare if we are to see some restoration of market confidence and get ourselves out of this rut."

"Further to the excellent point made by my hon. Friend the Member for Hinckley and Bosworth, the Labour party denigrates wealthy individuals who choose to come to this country. However, it is about not just the tax that they provide, but the jobs and opportunities they create by investing in constituencies up and down the country. This country has prospered for hundreds of years by being open and welcoming to inward investment. If we lose that, we lose a key plank of the competitiveness and growth that have been associated with our economy."