(6 years, 6 months ago)
Commons ChamberIndeed, Mr Speaker. What I will say is that we have spent the last eight years cleaning up the mess that was left behind for us by the last Labour Government and trying to mitigate its impacts on ordinary families up and down this country. It is the same whenever Labour gets into power: it is always ordinary people and the most vulnerable in society who suffer the most, and it is always the Tory party that has to clean up the mess.
To follow on from the question asked by the hon. Member for Eastbourne (Stephen Lloyd), the retrospective nature of the 2019 loan charge could bankrupt thousands of people. Will the Government revise legislation to ensure that that does not happen, with the loan charge only applying to disguised remuneration loans made after the passing of the Finance (No. 2) Act 2017?
This is not retrospective legislation. The activities and arrangements entered into by those who are in scope of this measure were not legal when they were entered into, even though they may have been entered into in the past. The loan charge is there not to apply penalties for that behaviour, but to ensure that those individuals pay the right amount of tax.
(6 years, 6 months ago)
Westminster HallWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
It is a pleasure to serve under your chairmanship, Mr Hollobone. I thank my colleagues for securing this important debate. It is a debate that gives me déjà vu, as I have previously held and spoken in a number of debates on this very road and on strategic infrastructure in Essex over the last eight years, in 2012, 2013, 2014 and 2015. Once again, the walls of Westminster Hall are about to hear the economic case for the A120.
As my hon. Friend the Member for Braintree (James Cleverly) has already outlined, the A120 is an economic corridor stretching from the international port of Harwich in the east, which has trade links across northern Europe and serves around 700,000 passengers a year, to Stansted airport in the west, an important international airport that is growing and expanding, and is a huge employer both in Essex and now also in parts of Hertfordshire.
The A120 is important to our economy; in my view and, I think, all our views, it is even more important to the United Kingdom because of the connectivity for the east of England. Research from the brilliant Essex chamber of commerce, a great champion of strategic infrastructure improvements across Essex that has campaigned and worked with the business community, has shown that 56% of Essex businesses that responded to its survey regularly use the A120. Only the A12 at 82% and the M25 at 72% were used more than the A120. However, the Government know, and have heard not just from me but from successive Members of Parliament from the east of England over the last decade and more, that the A120 is not fit for purpose. It needs investment to unlock future economic growth and jobs.
The A120 is also a dangerous road. I remember standing here in this Chamber in 2010, denouncing the A120 for being the 10th most dangerous road in the country. The number of fatalities and road accidents that take place on the A120 is simply appalling. In particular, the 12-mile stretch of carriageway between Braintree and Marks Tey has the greatest number of problems. This stretch of the road, which runs mostly through the Witham constituency, is one of the 10 most dangerous in the country. The accidents and fatalities are appalling. Figures produced in 2005 showed up to 25,000 vehicles using that stretch of the road every day, when single-carriage roads should usually carry up to around 20,000. Data published by the Department for Transport in 2010 on annual daily traffic flow suggested that 14% of vehicle movements on the A120 are accounted for by heavy goods vehicles, compared with an average of 6% across Essex. Too many people are getting hurt and injured on this road.
Likewise, too many businesses are haemorrhaging money while they are stuck in delayed traffic. The Minister will know—I do not think anyone in Government needs to be reminded—that Essex is an economic engine and the county of entrepreneurs. Since 2010 the number of entrepreneurs in the county has risen by 25%, from 52,000 to 64,000 and, as the county contributes £40 billion in gross value added to the economy, the economic case for investment in the A120 more than stacks up.
Back in 2008, proposals were put forward to dual the A120 so that we could meet new demands and sort out its dangerous nature; but as the last Labour Government trashed the economy they also spent a lot of time ignoring Essex, and the scheme was scrapped. Since then, colleagues and I have been campaigning with the Essex chambers of commerce, local businesses and the county council to get this back in the Government’s in-tray, so I was delighted when the Government and Essex County Council agreed a joint funding package to examine once again the feasibility of upgrading and dualling the A120.
Earlier this month, after route option selection, consultation and considerable analysis and assessment, Essex County Council announced its favoured route, known as route D. This route provides the best benefit to cost rate, at 3.75, of the options considered, and is less disruptive to the environment and existing settlements than other routes. It will also help to take traffic out of villages in my constituency, including Silver End and Bradwell, and could save travel time between Colchester and Braintree in the rush hour. Importantly, it will also be a safer route.
The proposal will bring the A120 from the location known as Galley’s Corner—we call it something else that I will not repeat here—through to a new junction with the A12 south of Kelvedon. I appreciate that the favoured route may still have its critics and that, as the proposals progress further, many other issues will need to be addressed, but our county has waited too long for road investment, for this road to be invested in, and for this strategic improvement to take place. We want to see clear action and leadership when it comes to investment in the A120. That means including the A120 in the second road investment strategy process, RIS2.
To make further progress, more work by Government and further work by Highways England is required. It will come as no surprise to our colleague the Minister that I will continue to press this case, as will all colleagues. While I appreciate that the Minister cannot prejudice the RIS2 process and the selection and prioritisation of routes for investment, the Department will have files, which I have no doubt are substantial, on the economic benefits of investment in the A120 and of the gross value added and the return from investing in Essex.
In discussions with the Treasury over the funding envelope of RIS2, it is fair to say that the Department for Transport can be confident in the economic case, which is part of a strong business case. The current cost estimate is around £555 million, which is an enormous sum. However, we do not speak enough about aggregate returns on investments, and we are talking about a strategic location that supports exports, trade and investment. Upgrading the A120 at the earliest opportunity will bring greater resilience to the economy, to the region and to our country.
Does my right hon. Friend agree that, when making the business case, it is important to look not only at Essex but at Suffolk? This road is vital to my constituency—connectivity is vital in attracting inward investment—and investing in it will very much help to attract investment to Suffolk, where significant plans are afoot for investment in the energy sector, both at Sizewell and in the offshore wind farms.
My hon. Friend is absolutely right. Delivering route D will provide £1.1 billion in GVA through new jobs, businesses and housing. It is important that, when looking at the work that we do on transport across our region—on rail, for example—we put forward a coherent business case to the Government for that very purpose. We are an attractive part of the country and we have different sectors that are expanding and growing.
To be up front about this, when we think about our trading options and the economic benefit to the eastern region post Brexit, investing in our roads will enormously benefit Suffolk, Norfolk and Essex. That brings me to asking the Minister to look into not only the A120 but the widening scheme for the A12, which is linked to the A120—these roads cannot be seen in isolation. A failure of successive Governments in the past has been to look at transport and roads as a singular and not a plural, in terms of having an integrated transport strategy.
The Government have already committed to widening parts of the A12 in a three-lane carriageway scheme. Most of the first section to be upgraded—the stretch between the junction 19 Boreham interchange at Chelmsford and junction 25 at Marks Tey—runs through the Witham constituency and is parallel to the great eastern main line. That widening scheme was subject to a consultation by Highways England last year and we are expecting an announcement of the route and the sections to be re-routed.
However, Colchester Borough Council has unfortunately put a spanner in the works at the last minute, as part of its local plan process. I am mindful that I, other colleagues, Highways England and local councils put forward proposals for the A12 widening scheme—announced back in 2014—that would not be compromised by any work taking place with the local plans. We had that assurance from Highways England and the Department. That widening scheme needs to be re-established alongside the configuration with the A120, and all the councils must be clear with Highways England and the Department. We need to ensure that we again have an integrated approach to the development of our road transport links across Essex and to the facilitation of transport investment across the eastern region.
Essex needs the A120 to be upgraded and the A12 to be dualled. I hope that the Minister can answer fully today. As I said, her Department will have plenty of detailed engagement, work, correspondence and all the files from over the last decade on this, so there is no excuse for the Department not to put forward a coherent approach. The point to make today is that, when it comes to the A120, this is a huge, once-in-a-lifetime opportunity to use RIS2 to be much more strategic and to have an integrated roads strategy for the east of England and for Essex.
(6 years, 11 months ago)
Commons ChamberI congratulate the hon. Member for Stoke-on-Trent North (Ruth Smeeth) and my hon. Friend the Member for Hazel Grove (Mr Wragg) on securing the debate.
This matter is of specific interest to me. Early in December, Lloyds bank announced the closure of three branches in the Waveney Valley area of north Suffolk: in Bungay, in my constituency, and in Halesworth and Southwold in the constituency of my hon. Friend the Member for Suffolk Coastal (Dr Coffey). I should declare an interest at this point, because I am both a personal and a business customer of the Halesworth branch. Shortly after the Lloyds announcement, NatWest announced the closure of its branch in Beccles, which is also in my constituency.
My main concern is that, if Lloyds proceeds with the closure of its Bungay branch, there will be no bank left in the town, and I believe that we need policies to prevent that from happening. Some may say that I am a luddite and that we cannot hold back the inevitable march of the internet and modernisation, but what concerns me is that some banks are closing branches in an indiscriminate, non-strategic way that will have an adverse impact on the elderly, the disabled, those without their own transport, small businesses, and the economies of the towns and hinterlands that will be left with no bank standing. In the last two years, Barclays and Norwich and Peterborough building society have closed their branches in Bungay. If Lloyds proceeds with its branch closure in May, there will be no bank left in the town. That has upset many people who transferred their accounts to Lloyds following the previous closures, and it will have a particularly negative impact on the elderly and disabled and on small businesses.
I have three specific concerns. First, if Lloyds proceeds with its closure, there will be no cashpoint machine with 24/7 access in the town centre. Bungay has three street fairs a year, which bring a significant amount of business into the town. Last Christmas an estimated 1,200 to 1,500 people came along, and there were long queues at the Lloyds cashpoint. Many of the traders who go to the street fairs only handle cash, and there is a real worry that, if it is not available locally, the fairs—which add so much to the vibrancy of the town—will suffer.
Secondly, it is important to emphasise that many businesses, both in the towns and in the countryside, still use cash and cheques. The lack of immediate access to cash and deposit points will, at least in the short term, cause considerable inconvenience and added expense. On the basis of my experience as a partner in a local family farm, I know that for several farmers the easiest way to handle payments from the grain merchant is still via cheques, and that quite often the rents paid by small businesses for farm buildings and workshops are still paid in cash. It should also be borne in mind that the change to internet banking in rural areas will require considerable improvement in broadband connectivity, an issue about which we have heard throughout the debate.
Thirdly, the lack of a bank in Bungay will affect the town’s ability to draw in customers from the surrounding area. Lloyds is redirecting its customers to its Beccles branch. That may mean that people who came into Bungay once a week to go to the bank, to do their shopping and to have a coffee or a meal may now do all that in Beccles. I met Lloyds representatives on 4 December, when I put those points to them. I asked them to reconsider their decision to close the Bungay branch. It is disappointing that I have not yet had a response from them, although I hope that that means they are giving the matter serious consideration.
With regard to NatWest’s closure in Beccles, I had a meeting with the bank’s representatives last month. I am disappointed with their decision, but they took me in some detail through why they reached the decision to close the branch and how they are now engaging with their customers. They are prepared to work with the local community. As well as a mobile bank and closer working with the post office, they have plans for a community banker who will have a base in the town at set days during the week, possibly in the library and the town hall.
I have mentioned that the closure of Lloyds in Bungay would result in there being no ATM accessible 24/7. With this in mind it is necessary to ensure that there remains a good network of cashpoints across rural Britain, where consumers and small businesses use cash to a greater extent than in urban areas. I thus urge the Government to support the Which? and Federation of Small Businesses campaign to get the Payment Systems Regulator to ensure suitable measures are in place to guarantee that consumers can easily access their money without charge.
It is important that measures are introduced that can help to avoid a situation where towns are left without a single bank. That could be done in a variety of ways, in particular by building on the post office network, which generally has a better rural reach than that of high street banks. The policies put in place, first by the coalition Government and then the current Government, have been successful in making the post office network more resilient.
In Bungay, the post office is in the newsagent and there is a drawback of lack of space. In towns at risk of having no bank, consideration should be given to providing additional funding to put in place a more substantial post office branch. Ultimately, I would look for this to be funded by the banks. Alternative options that could be considered are mutual societies or pop-up banks, where the high street banks join together to sustain a presence in the town.
Bungay was a pioneer of provincial banking, with Gurney’s, a precursor of Barclays, opening one of its first branches in the town in 1808. Some 210 years on, it will be a very sad day if the town no longer has its own bank and we must do all we can to ensure that that does not happen.
(7 years, 2 months ago)
Westminster HallWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
It is a pleasure to serve under your chairmanship, Mr Owen. I congratulate my hon. Friend the Member for Dudley South (Mike Wood) on securing this debate. I will focus on the specific issue of small breweries’ relief. I ask that the Government consider removing export volumes from the relief’s calculations.
There is clear evidence that the current arrangements hold breweries back from increasing exports, investing in buildings and equipment, and creating new jobs. St Peter’s Brewery near Bungay in my constituency was established in 1996 and set out specifically to target the export market. Its exports to 50 countries make up 42% of its turnover. St Peter’s is a great British success story, but it is constrained from doing better by the current structure of small breweries’ relief. Although the relief is generous to microbusinesses, it discourages exports by breweries looking to grow and it significantly disadvantages small and medium-sized brewers above the threshold that have export potential. St Peter’s advises that removing the duty on exports would enable it to invest in new buildings and equipment and to increase their workforce by five from 18.
St Peter’s is not alone in making the case for removing export volume from the SBR calculations. That case is also supported by the Society of Independent Brewers, which describes it as a “no brainer”, and by the British Beer and Pub Association, which includes it in its compelling eight-point export strategy. As Brexit approaches, it is vital that we realise the full export potential of an industry that is a fundamental part of the British brand. A relatively small fiscal change in next month’s Budget would enable breweries such as St Peter’s to realise their full potential, be part of a great British success story and create new, much needed jobs in their local communities.