(5 years, 6 months ago)
Commons ChamberMy hon. Friend and I have discussed the Shipley eastern bypass on several occasions. We have put a record amount of money into our strategic roads network. By hypothecating vehicle excise duty, the amount of money available for road spend in the second road investment strategy period will be almost 175% of the previous period, which is a substantial increase in investment in our roads.
The Centre for Cities report published yesterday shows that there is low productivity in York but also serious levels of underemployment. What are the Government doing to address underemployment and ensure that we get the maximum benefit for our economy?
Through our productivity plan, we are investing more in the skills base in all parts of the country, whether that be through apprenticeships, the national retraining scheme or raising standards in our schools. We are also investing more in our infrastructure. Over the last four years, there has been a 50% increase in public investment in infrastructure in Yorkshire and the Humber compared with the last four years of the Labour Government. The hon. Lady and I met recently to discuss her plans in York for the high street and improving the city centre, which we wish to support.
(5 years, 8 months ago)
Commons ChamberMy hon. Friend is absolutely right. While the Labour party wants to increase taxes on business, including on small businesses, we are cutting them, and the increased annual investment allowance will enable businesses such as the one in his constituency to invest in plant, machinery and new technology to drive it to future success.
The broken business rates system is having a seriously detrimental impact on our high streets, and that is seen right across York. Will the Minister meet me and York Retail Forum to discuss the impact it is having on York and, in particular, the proposals it wants to see on turnover tax?
I would be happy to meet the hon. Lady. We announced in the Budget that 90% of smaller retailers, including many in her constituency, would see a 30% reduction in their business rates, and the future high streets fund is designed exactly for communities such as the one she represents.