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Debate between Alan Mak and Lindsay Hoyle(2 weeks 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(1 month, 2 weeks 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(3 months 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(3 months, 4 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(5 months, 3 weeks 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?