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Spoke in debate: Backing Business to Create Economic Growth
Parliamentary appearance by Max Wilkinson
Mon 18 May
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Spoke in debate: Backing Business to Create Economic Growth
Parliamentary appearance by Charlie Maynard
Mon 18 May
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Spoke in debate: Backing Business to Create Economic Growth
Parliamentary appearance by Kerry McCarthy
Mon 18 May
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Backing Business to Create Economic Growth
This King’s Speech is an empty vessel, which is a surprise, because only last week the Prime Minister was telling anybody who cared to listen that the Government would be leaning into economic growth in a more radical way, and would eschew managerial incrementalism, yet we have heard nothing other than managerial incrementalism, at best, from the right hon. Lady just now. [Interruption.] Of course, I meant the right hon. Gentleman. If only the Chancellor were here, Mr Speaker, I would be right a
Mon 18 May
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Backing Business to Create Economic Growth
As I will come on to argue, our problems actually rest a little closer to home, rather than having anything to do with our relationship with the European Union. The Labour party promised stability. It also—Members should try not to laugh too loudly—said that it would create the most pro-business Government in the history of our country. None of that has come to pass. It is not just the Prime Minister who is the problem; if this Prime Minister is replaced, whoever goes on to lead the Labour party
Mon 18 May
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Backing Business to Create Economic Growth
My hon. Friend is entirely right. It is like trying to apply the accelerator while having the brake on fully. That is what this Government are doing. That is the total illogicality of their approach. Inflation is up on where it was under the Conservatives. It is about the highest in the G7; it certainly was last year. As we lean into the challenges of oil and gas price spikes, that is a weak position to be in. Most economists will make that point. The Labour Government will have borrowed a full
Mon 18 May
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Backing Business to Create Economic Growth
My hon. Friend is absolutely right. I have had the great pleasure of visiting her constituency to speak to businesses, and that is exactly what they complain of. The Government made no effort, in the King’s Speech, to get on top of the benefits bill. There was a reference to the Timms review of the personal independence payment, but we know that in the review’s terms of reference, there is an explicit statement that it is not about controlling the welfare bill. There will be no savings as a cons
Mon 18 May
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Backing Business to Create Economic Growth
That is entirely right. The Conservatives know that work matters, and getting people off benefits matters. People’s mental health is improved by going to work, and by having the social interaction, routine and sense of pride and self-worth that comes with work. That is why the level of unemployment and the failure of this Government to tackle benefits is so appalling.
Mon 18 May
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Backing Business to Create Economic Growth
All these flashbacks to the 1980s are a slightly desperate attempt to get away from the 2020s, I think. The other thing that socialists love to do is borrow, borrow, borrow, and spend, spend, spend until they have run out of other people’s money. That is precisely what this Government have done. The Secretary of State mentioned the fiscal rules, but of course he failed to mention that in the run-up to the election, the Chancellor said that she would abide by our fiscal rules, and then promptly c
Mon 18 May
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Backing Business to Create Economic Growth
The current account went into a slight surplus just around 2015-16. [Interruption.] It did, actually. That was on the back of our inheriting a £160 billion deficit in 2010, which was over 10% of GDP—another example of the disasters of a Labour Government. The Secretary of State rightly spoke of artificial intelligence and the opportunities that it presents, but what we know of artificial intelligence is that it will have a profound and very uncertain effect on the labour market. We need a flexib
Mon 18 May
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Mon 18 May
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Backing Business to Create Economic Growth
I am always ready to give way, Mr Speaker, and to take your direction.
Mon 18 May
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Backing Business to Create Economic Growth
That is a rather unfortunate example of doubling down or continuing to dig, if I may say so. Also, the hon. Lady’s comments pale in comparison with Andy Burnham’s comments in the New Statesman, where he said: “We’ve got to go beyond this thing of being in hock to the bond markets”. He also suggested that defence spending should lie outside the fiscal rules, as if spending and borrowing to defend our country were a different form of borrowing from any other borrowing that this Government might en
Mon 18 May
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Backing Business to Create Economic Growth
I do indeed. I have been up to Aberdeen, met my hon. Friend and heard at first hand about the economic effect this is having. It is utter madness. If we have an opportunity in government, we will put that right. I have already mentioned benefits. There was nothing of any substance about welfare in this King’s Speech. There was nothing about the defence investment plan. Where is it? It was promised back in September. Then we have the regulating for growth Bill—an oxymoron if ever there was one. “
Mon 18 May
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Backing Business to Create Economic Growth
I am afraid that what I see coming is what is already baked in: business rates going through the roof. In some cases, small businesses on our high streets are facing 140% increases in the amount they have to pay in business rates. Conservative Members believe in enterprise, opportunity, aspiration and markets. We believe in risk takers, in people who work hard, and in people who get up early in the morning and do the right thing—go out and create wealth, create jobs and grow our economy. Because
Mon 18 May
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Backing Business to Create Economic Growth
I have chosen to speak in this debate on backing British business because when it comes to resilience and innovation, my constituency punches above its weight. Like many in the post-industrial heartlands, my constituency has changed over the years, with the loss of industry. The coal pits, Motorola, Plessey and British Leyland are all long gone, leaving deep scars of inequality in our communities. Yet in Bathgate and Linlithgow we have a skilled workforce strategically located at the heart of Sc
Mon 18 May
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Backing Business to Create Economic Growth
We have just heard mention of the very ambitious Government plan for investment in national infrastructure. Does my hon. Friend agree that we must consider the safety of workers in our procurement contracts and include inclusive personal protective equipment in any specification for public sector procurement going forward?
Mon 18 May
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Backing Business to Create Economic Growth
A King’s Speech allows a Government to provide a reset—a signal to the general populace that they want to do something different and are going to build on the last Session. The Prime Minister said that the purpose of the Bills contained in this King’s Speech was to strengthen our economic security. In opening the debate, the Secretary of State said that it was about building national resilience. I have listened for nearly four hours to Members on the Government Benches tell this Chamber and the
Mon 18 May
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Backing Business to Create Economic Growth
I agree with the hon. Member. The right hon. Member for Belfast East (Gavin Robinson) mentioned earlier that every Northern Ireland politician who is worth their salt was at the Balmoral show last week, along with members of the Northern Ireland Affairs Committee and the Environment, Food and Rural Affairs Committee. The continual message was that agriculture in Northern Ireland is being strangled by some of the regulations coming from the European Union, preventing us from bringing forward a tr
Mon 18 May