Budget Resolutions

Debate between Lord Sharma and Henry Smith

Thursday 12th March 2020 Commons Chamber

[Alok Sharma]

I do not have to look back. I can look at the present, which is record levels of employment. As I go through my speech, I will highlight some of the Government’s other achievements.

Let me talk a little bit about the Budget. The Budget the Chancellor set out yesterday delivers security today and lays the foundation for prosperity tomorrow. The right hon. Gentleman said that all commentators were somehow against the Budget. That is not the case, as he knows full well. The Federation of Small Businesses called it a “pro-small business Budget”. The CBI said:

“It’s a bold Budget at scale…which will help people and business through tough times.”

The British Chambers of Commerce said:

“There’s much to welcome in this Budget for business communities across the UK.”

This is, of course, a Budget delivered in challenging times. I am grateful to the right hon. Gentleman for acknowledging that point and for supporting many of the measures the Chancellor put forward yesterday. I know that many people are concerned about the impact on investment, cashflow and the future of their businesses as a result of covid-19. The Government, as the House knows, announced a £12 billion package for public services, individuals and businesses whose finances are being affected. Support for businesses includes a £1 billion coronavirus business interruption loan scheme, delivered by the British Business Bank, which is already supporting over £7.2 billion of finance to over 93,000 SMEs.

[Henry Smith (Crawley) (Con)]

Does my right hon. Friend share my concern that there was nothing in the Budget to support our aviation industry? Indeed, air passenger duty was increased as a result of yesterday’s Budget. Many airlines face difficulty. A number have sadly gone out of business in recent weeks and other household names may well go out of business as a result of covid-19. Will he put in a request for air passenger duty to be waived for six months? Otherwise we could see a number of British airline brands go under as a result. They are deeply suffering.

[Alok Sharma]

I will talk about the discussions I have had with business groups and business representatives, including those from the aviation sector. The Chancellor was very clear yesterday that this is a start. We will keep the situation under constant review and where support is required, we will look to see what we are able to provide.

Returning to the business interruption loan scheme, this is a temporary scheme that will help small businesses to access much needed finance. Yesterday, the Chancellor also announced £2.2 billion of support for about 700,000 businesses which are in receipt of small business rate relief or rural business rate relief. We want to ensure that every single eligible business gets their £3,000 at the earliest opportunity. We will work with local authorities to make sure that that happens. We will also refund businesses with fewer than 250 employees which pay qualifying statutory sick pay to people who are absent from work due to self-isolating for up to two weeks. We are providing vital tax relief, temporarily abolishing business rates for retailers whose premises have a rateable value of less than £51,000 and expanding the discount to include leisure and hospitality businesses. From creating jobs to supporting communities, small businesses are absolutely the backbone of our economy and this Government will always stand by them.

Yesterday, my Ministry colleagues and I heard from the Bank of England’s chief economist, who stressed the vital action that the Bank is taking to help banks to provide additional credit to businesses. Banks must absolutely be part of the solution and we are already seeing signs of that. Earlier this week, NatWest and Lloyds launched funds of £5 billion and £2 billion respectively for small and medium-sized enterprises directly affected by the impact of covid-19. NatWest also pledged to defer customers’ mortgage and loan repayments for three months. I want to see more lenders stepping forward and supporting our businesses through these challenging times.

As Business Secretary, I regularly speak to the business community, and in the light of covid-19, I have ramped up that engagement. Last night, I spoke with business groups and trade associations, including those from the aviation sector, to discuss the measures in the Budget and to reassure them of the Government’s commitment to support them. As I said, we will keep our response under review as the situation develops, but let me be very clear: this Government will always be on the side of business, entrepreneurs and innovators, because they pay the taxes that fund our brilliant public services.

Although I started my remarks by discussing our short-term measures to fight covid-19, it is worth reflecting what Conservatives in Government have achieved with the economy since 2010—I know that the shadow Chancellor will want to hear this. Employment is at a record high. The unemployment rate is at its lowest since the 1970s. A record number of women and a record number of people from ethnic minority backgrounds are in work. Over 1 million more people with health conditions and disabilities are in work now than five years ago, and youth unemployment has almost halved since 2010. Employment is higher in every nation and region of the United Kingdom than in 2010.

Britain’s Place in the World

Debate between Lord Sharma and Henry Smith

Tuesday 15th October 2019 Commons Chamber

[Alok Sharma]

We have record investment going into the NHS. My right hon. Friend the Prime Minister announced investments in hospitals, and I say to the hon. Gentleman that whether for aid or the public services the only way we can find that money is to keep our economy strong—something that would not happen under the Labour party.

My right hon. Friend the Prime Minister met leaders at the G7 this summer in Biarritz; all those countries support the UK’s campaign to give every girl in the world 12 years of quality education.

[Henry Smith (Crawley) (Con)]

Britain can be proud of its global record of development. Will the Minister encourage some other European countries to step up and match Britain’s international aid commitment? Countries including France and many others only contribute about half the national wealth that this country does, and they can learn a lot from global Britain.

[Alok Sharma]

My hon. Friend makes a very important point, and of course we urge all developed nations to come forward and match us in our 0.7% target. I would add that there are certain areas such as the fight against the spread of Ebola where the UK has been leading, and it would be very helpful if some of our international partners came alongside us in such endeavours.

As I have said, all those countries in Biarritz supported the UK’s campaign to ensure that every girl in the world receives 12 years of quality education, and we know that educating girls is the tool that can address a whole host of the world’s economic and social problems. Educating girls prevents child marriage and early pregnancy, helps women into the workforce and boosts household incomes and economic growth. We announced new funding at the G7 to provide education for children in the developing world caught up in crises and conflict; girls, who are more than twice as likely to be out of school in conflict areas, stand to benefit most from this support.

Since 2015, the UK has supported almost 6 million girls to gain a decent education. At the UN in September, the Prime Minister announced measures that will help to get over 12 million more children into school. That will boost future economic growth and improve women’s rights in some of the poorest countries in the world.

Oral Answers to Questions

Debate between Lord Sharma and Henry Smith

Wednesday 2nd October 2019 Commons Chamber

[Alok Sharma]

The hon. Gentleman is absolutely right. We are extremely concerned about this issue, and we have raised it with the Nigerian Government. We have asked them to complete their investigations as swiftly as possible. He is absolutely right: those organisations provide support to millions of vulnerable people, and we must make sure that that work continues.

[Henry Smith (Crawley) (Con)]

A fortnight ago, I was privileged to be in Jordan to see some of the remarkable work of small organisations helping child refugees from the Syrian civil war recover from appalling injuries. What further support can DFID give to those small NGOs that make such a positive difference?

[Alok Sharma]

As my hon. Friend will know, we have pledged almost £3 billion since 2012 to provide support in Syria and neighbouring areas. We are working with a range of NGOs, and I would be happy to meet him to discuss the individual NGOs to which he referred.

Oral Answers to Questions

Debate between Lord Sharma and Henry Smith

Monday 7th January 2019 Commons Chamber

[Henry Smith (Crawley) (Con)]

T5. I am pleased that employment levels in Crawley are above the national average, but what further support can be provided to get more people into work so that they can realise their full potential and that of our economy?

[Alok Sharma]

I thank my hon. Friend for the enormous amount of work that he does in supporting employers so that they can create jobs. He is right. We need to make sure that the jobs market is very strong, and that is why we make support available through universal credit, with one-to-one interaction.

Oral Answers to Questions

Debate between Lord Sharma and Henry Smith

Monday 19th November 2018 Commons Chamber

[The Minister for Employment (Alok Sharma)]

I am very happy to meet the hon. Gentleman and discuss that particular case.

[Henry Smith (Crawley) (Con)]

T9. I am very grateful to Crawley DWP staff, who successfully helped with the transition to universal credit in June. Will my right hon. Friend update the House on the support available to claimants who are transferring?

Oral Answers to Questions

Debate between Lord Sharma and Henry Smith

Monday 21st May 2018 Commons Chamber

[Henry Smith (Crawley) (Con)]

T6. Universal credit is scheduled to be introduced in Crawley on 6 June. What support will be offered to my constituents who will be affected?

[Alok Sharma]

Ahead of the roll-out, my hon. Friend’s local jobcentre will speak to local partners, such as the local authority and Citizens Advice, to ensure that claimants are supported as they come on to universal credit. My officials and I will host an induction session tomorrow for all colleagues who have UC rolling out in their area in the near future, so I hope that he will join us.