(4 years, 4 months ago)
Commons ChamberIt is a pleasure to follow my hon. Friend the Member for South Cambridgeshire (Anthony Browne), who speaks with great passion and knowledge on this subject.
Coronavirus has had a devastating impact on the housing market, with property transactions falling by up to 50% in May and housing prices falling for the first time in eight years. One of the most important areas for job creation is the whole housing sector, so we need mechanisms with which to stimulate, loosen the barriers, open the market and instil confidence in people to buy, sell and renovate. The Chancellor’s announcement last week introducing a temporary SDLT cut until 31 March next year by increasing the nil rate threshold to £500,000 plays a key role in doing that. It is estimated that this measure will mean that approximately 90% of people buying their main home this year will pay no SDLT, which is great news. I believe the conversation on SDLT should go even further, and I would welcome exploring its removal for buyers altogether, with perhaps the consideration for such a tax to be transferred to the seller. Alternatively, as was suggested by my hon. Friend the Member for Thirsk and Malton (Kevin Hollinrake), who is no longer in his place, we could look at an ongoing annual property tax review.
Through last week’s announcements, we have seen, yet again, that the Chancellor is on the side of business and jobs. This temporary SDLT cut is yet another tangible, significant weapon in our Government’s armoury to reignite the economy through our overall plan to create jobs. House builders alone support nearly 750,000 jobs, with millions more people relying on the availability of the housing sector and housing market to find work.
One of the first visits I undertook as the proud new Member for Keighley was to Keighley College, where I was lucky enough to meet one of its level 1 students who was undertaking a construction course. I witnessed him building a wall in one of the college’s classrooms for the first time, where he started to learn the skills needed for the building trade and the ropes required to get on. With its principal, Steve Kelly, and his awesome team, who are full of enthusiasm and want the very best for their students in Keighley, I went on to see students undertaking fabrication and welding, electrical, plumbing, gas safety and engineering courses, all with students who were determined to progress, upskill and get a job.
The Chancellor’s announcements last week on SDLT, along with many other packages, are most welcome, as it is vital that we use every mechanism to kick-start the whole housing market and get its wheels in motion, so that, in turn, the construction industry, which attracts a huge number of employees, can start moving again, and so that keen and enthusiastic students such as those at Keighley College can learn a trade, with the comfort of knowing that they will be greeted with a job at the other side.
This is such an important debate, as it actively aims to create, secure and protect jobs. Many Conservatives have contributed to the debate, but only two Labour Back Benchers have done so. In summary, this Bill demonstrates that this Conservative Government are on the side of those hard-working families who want to get on the housing ladder and progress. For those first-time buyers, it loosens the market, while ensuring that those hard-working families have more money in their pocket.
(4 years, 5 months ago)
Commons ChamberThe Prime Minister and the Chancellor have cast their net wide and far to protect as many businesses and individuals as possible through this covid crisis. Many across Keighley and Ilkley have benefited through the business grants, the furloughing scheme, the business rates holiday, bounce back loans, tax deferrals and much more. I welcome this, and may I use this opportunity to reiterate the words of one of my constituents? Sue Watson Wood, who I saw in Ilkley only last weekend when she reopened her hair salon, Vanilla, told me that the Chancellor’s support provided her with comfort that all would be okay. She specifically asked me to pass on her thanks, so to the Chancellor, on behalf of Sue and many other hard-working businesses across my constituency—thank you.
Tough times require bold interventions, with fiscal policies that drive positive consumer behaviour, and I welcome the Chancellor’s announcements today. I want to see businesses across Keighley, Ilkley, Silsden and the Worth valley thrive, and jobs to be protected. The jobs retention bonus scheme and the temporary cut in VAT for the tourism and hospitality sectors are most welcome. I am sure that the additional boost through the eat out to help out scheme will certainly help.
There is no stronger advocate of Keighley than I. We have some fantastic manufacturing, technology and engineering businesses, passionate people who are proud of what we in Keighley have to offer and young people who just want to crack on and thrive in life. Of course, challenging times lie ahead, but with the Chancellor’s announcements today on supporting businesses to take on trainees and provide apprenticeships, and the introduction of the kick-start scheme, all of this will help.
Of course, I look forward to developing our allocation of up to £25 million from this Conservative Government to invest in Keighley through our towns fund project, focusing on urban regeneration, improving digital and physical connectivity and, perhaps most importantly, improving skills, innovation and collaboration between the education and business sectors. The great thing is that, under good stewardship, we can use these public funds wisely to kick-start, crystallise and galvanise private sector inward investment into our town. Now is the time to level up and, through good projects, we can use good infrastructure schemes to create jobs, jobs and jobs.
I welcome this Government’s agenda and their economic strategy to bring places such as Keighley, which for far too long have sat in the shadows of Bradford and Leeds, back into the light. I use this platform, and I will of course continue to use it, to keep banging the drum for Keighley, Ilkley, Silsden and the Worth valley and to say to businesses, individuals and investors who want to come to my patch—we are open for business.
(4 years, 5 months ago)
Commons ChamberThe Government believe that the best way of dealing with these issues is for workers to look at existing options available for flexible working and discuss them directly with their employers, rather than the Government legislating for the entire UK work- force. However, I am happy to meet the hon. Gentleman to discuss this topic further, if he would like.
As Members will know, the Chancellor has announced an unprecedented package of support for high-street businesses affected by the pandemic. In particular, the Government are giving retail, hospitality and leisure businesses a year’s business rates holiday; protecting commercial tenants from eviction and debt recovery; offering grants of up to £25,000 to eligible businesses; and making sure that businesses have access to the financing they need as quickly as possible. We stand ready to take further steps, as necessary.
I thank my right hon. Friend for that response. I recently visited a brilliant independent furniture store, Rooms, right in the centre of Keighley, which is run by Andrew Foster, his wife Janine and son Joe. They and many others welcome the 100% business rate relief this year but are concerned about next year and indeed about the fairness of the business rate structure when we consider pure online businesses and those based in premises. Will my right hon. Friend continue to review this area in the light of covid and look more closely to create a fairer business rate structure?
I am delighted to hear about Rooms, and many businesses in my constituency have reopened. Reopening the economy is the central step we need for our national recovery. As my hon. Friend will know, we have committed to a fundamental review of the business rates systems and published some comprehensive terms of reference for the review at the spring Budget. In the meantime, we are committed to supporting businesses and have taken actions to reduce the burden of rates, which will save businesses more than £13 billion in the next five years.
(4 years, 6 months ago)
Commons ChamberThe hon. Lady was cutting out, but I think I have got the gist.
We believe in free trade and do not want protectionist practices, not just because that is in our interests, but because we believe it is in the interests of every nation on earth. I assure her that one reason why we do not want to extend the transition period and we want to conclude the negotiations swiftly is to give businesses and her constituents time to prepare before the end of the year. Our approach to that, on our borders and on many other aspects, is going to be extremely pragmatic and sensible, and once business hears more about it, I think it will be reassured.
Many constituents from across Keighley have expressed to me their frustration at the speed with which the EU is progressing with these negotiations. My right hon. Friend has been clear that we need to see a significant step forward in the EU’s approach if we are to reach an agreement by the end of this year. Can she confirm that the Government are prepared to walk away from these negotiations if adequate progress has not been made, and that we are prepared for that eventuality if needs be?
(4 years, 6 months ago)
Commons ChamberMay I start by thanking my right hon. Friend the Paymaster General for her opening remarks?
Over recent weeks, the Government have announced some of the most generous and comprehensive support packages in the world, providing security and support to many individuals and businesses who need it most during these really difficult times. Across Keighley and Ilkley, many hard-working businesses, including small and medium-sized organisations, have been given the comfort by Government that they can furlough staff, reduce their overheads, and have an injection of cash grants and the ability to access a package of Government-backed and guaranteed loans. Those self-employed who meet the thresholds also have access to funds.
Throughout this crisis, Treasury Ministers have been swift to respond and have kept their ears and eyes open to listen to Members in this place when examples and scenarios have been brought forward of businesses that have fallen through the gap. I know that the bounce-back loan has been a very welcome addition to many small and medium-sized businesses across Keighley and Ilkley. The financial support, coupled with deregulation, that the Government have provided has been unprecedented and will place those businesses in the best position possible to try to kick-start productivity and reignite their service offering when circumstances permit. However, there are still some larger charitable tourism attractions that are unfortunately not eligible for business grant money and do still need an extra bit of support to ensure that they can survive once the lockdown is over —for example, Keighley and Worth Valley railway in my constituency, which helps to drive the wider local economy. I would be grateful if the Treasury team could explore any additional support mechanisms to help charitable tourism organisations.
Charitable organisations such as Age UK, the Dementia Friendly Keighley group, Project 6 and the Salvation Army, among many others, are doing a brilliant job in helping the most vulnerable, but this sector is particularly hard hit, with many struggling to fundraise during the ongoing restrictions. I very much welcome the Chancellor’s injection of financial support into the charitable sector, which will help our hospices, such as our much-loved Sue Ryder Manorlands hospice in Oxenhope. The arms of Government have stretched wide and far to protect as many as possible, and I thank the Prime Minister for all the support to date. However, in going forward, we need to look to the next stage with caution and flexibility, which will be key in any financial support mechanisms to ensure that the charitable organisations helping our most vulnerable, and our entrepreneurs and hard-working businesses and individuals, can come out successfully on the other side.
Over the past few weeks, the one thing that has shone out more than anything else is the way in which communities across Keighley and Ilkley have come together to help others in our hour of need. Many teams of volunteers have gone above and beyond to help the most vulnerable in society, including the Keighley and Shipley Family Hub, the Silsden Emergency Planning Group, the Ilkley Coronavirus Response Group, and the Hainworth Wood Community Centre. All these organisations, along with many other dedicated individuals, have acted selflessly to help others during this time of crisis. Our critical workers —postal workers, refuse collectors, teachers, supermarket staff and many others—have carried out their duties with immense dedication to keep our communities going, but also to help in our collective fight against this terrible virus.
I would like to conclude by thanking our fantastic NHS staff at Airedale General Hospital, and our GPs and carers across Keighley and Ilkley who are right at the forefront, caring for our loved ones. We shall be ever indebted to them.