Oral Answers to Questions
Debate between Alan Mak and Lindsay Hoyle(1 day, 5 hours ago)
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Alan Mak (Havant) (Con)
Labour has cancelled Britain’s new national supercomputer at the University of Edinburgh, damaging our research capability and economic growth. That project was fully funded by the Conservatives, and the university says that it will be a disaster if the cancellation is not reversed, so will the Government reinstate that supercomputer, or will it be another victim of the Chancellor’s failed economic experiment?
Peter Kyle
It surprises me that the hon. Gentleman continues down this path. One of the first decisions I had to take after becoming Secretary of State was how we deal with an unfunded commitment for hundreds of millions of pounds where the money never existed—the Treasury had not committed it. Not a single letter had gone to my Department from the Treasury, yet the previous Government spent years making verbal commitments. We will deliver a compute strategy that is fit for purpose, that will get our country where it needs to be—
Mr Speaker
Order. We are not going to get everybody in, Secretary of State.
Alan Mak
That project was fully funded, and the Secretary of State knows it. While Labour cancels our tech investment, our competitors—the US, Germany and Japan—are all increasing theirs. Next month, the Chancellor will cut the Department’s budget in real terms, so can the Secretary of State tell us today whether he will allow the Treasury to cancel more investment in Britain’s future, or will he finally speak up for Britain’s vital tech sector?
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Debate between Alan Mak and Lindsay Hoyle(1 month, 2 weeks ago)
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Alan Mak (Havant) (Con)
Luke Shipley has grown his tech start-up from two employees to more than 100 in just five years. This year, Luke wanted to double his workforce in Britain, but Labour’s jobs tax is forcing him to look abroad. While our competitors benefit, our communities at home are missing out. Why has the Secretary of State failed to protect them from Labour’s jobs tax?
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Debate between Alan Mak and Lindsay Hoyle(3 months ago)
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Alan Mak (Havant) (Con)
The Conservatives secured a £450 million investment from AstraZeneca to expand its Merseyside vaccine factory. When the Chancellor wrecked the deal, AstraZeneca tried to save it by increasing that investment to over £500 million. Why did Labour still walk away, handing jobs and investment to our competitors?
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Debate between Alan Mak and Lindsay Hoyle(4 months, 1 week ago)
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Alan Mak (Havant) (Con)
Thank you, Mr Speaker.
“Companies like ours will be less incentivised to grow”.
That is the conclusion of Paul Taylor, founder of British tech unicorn Thought Machine, which employs more than 500 people. Britain is now missing out on new jobs and investment as a direct result of Labour’s national insurance jobs tax. When the Chancellor started punishing our tech sector, the Secretary of State failed to stand up to her. Why?
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Debate between Alan Mak and Lindsay Hoyle(5 months, 3 weeks ago)
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Alan Mak (Havant) (Con)
On the Opposition Benches we are proud that it was the last Conservative Government who created the Department for Science, Innovation and Technology. I am glad that Labour is following our agenda, and I look forward to my exchanges with the Secretary of State.
Under the last Conservative Government, Britain was home to more billion dollar tech start-ups than France and Germany combined, but last month an industry survey found that nearly 90% of tech founders would consider leaving Britain if Labour raised taxes on tech businesses. Yesterday, Labour U-turned on policy in Scotland, so today will the Secretary of State commit to reversing Labour’s jobs tax, which damages tech businesses across the entire country?
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Debate between Alan Mak and Lindsay Hoyle(6 months, 2 weeks ago)
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Alan Mak (Havant) (Con)
Last Wednesday, in Washington, the Chancellor announced changes to the debt rules to allow Labour to borrow more. However, published Treasury advice says that increasing borrowing risks interest rates staying higher for longer. Does the Chancellor agree with her Treasury civil servants?
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Debate between Alan Mak and Lindsay Hoyle(8 months, 1 week ago)
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Alan Mak (Havant) (Con)
The Institute of Directors’ latest economic confidence index shows that optimism about the economy fell back to minus 12 last month, following a three-year high of plus 7 in July. Can the Chancellor explain how Labour’s tax rises on working people, businesses and pensioners will contribute to economic growth when the economy is already going backwards under this Labour Government?