Oral Answers to Questions

Alex Baker Excerpts

Thursday 13th March 2025 Commons Chamber

[Gareth Thomas]

The hon. Lady is right to reference the discussions that my right hon. Friend had with the chief executive officer of Fujitsu. That company has agreed to begin talks about its contribution to the costs of compensation. She will understand that we also need to wait for Sir Wyn Williams’ inquiry to conclude, and for his recommendations regarding compensation from Fujitsu to be heard and understood. I am sure she will also understand that I am not going to give a running commentary on the discussions with Fujitsu, but I welcome the fact that it has agreed to begin talks.

[Alex Baker (Aldershot) (Lab)]

12. What steps his Department is taking to support small businesses.

[Dr Allison Gardner (Stoke-on-Trent South) (Lab)]

14. What steps his Department is taking to support small businesses.

[The Secretary of State for Business and Trade (Jonathan Reynolds)]

Small businesses need a better deal—certainly better than the one they got from the last Government—and our small business strategy, which is due this year, is designed to do that. We have already provided more support through the British Business Bank; we have worked with the Federation of Small Businesses to take action on issues such as late payment and retail crime; and we have announced the creation of the new business growth service, which aims to transform business support services. Later today I will attend a small business summit in Sussex to progress those plans and meet small business leaders.

[Alex Baker]

Too many small and medium-sized defence businesses in my community struggle to access the banking and finance facilities they need, often on the basis of self-imposed ethical criteria. Will the Business Secretary join me in welcoming how many investors and financial institutions have responded to the campaign I am leading with my hon. Friend the Member for York Outer (Mr Charters) and 100 other Labour parliamentarians, calling on our banks and fund managers to broaden their approach to defence investment? Will he call on investors to take action so that we can defend our country, support Ukraine, and fire up our industrial base?

[Jonathan Reynolds]

I agree 100% with my hon. Friend and thank her very much for her question. She will know that my Department, alongside the Treasury and the Ministry of Defence, convened a roundtable in December to listen to these perspectives, and now all three Departments are working together to ensure that the problems she has articulated do not occur.

It is essential that the British people do not think that the substantial, significant and historic investments in defence that this Government are making come in some way at the expense of domestic prosperity. There is no prosperity without security, but we should also acknowledge the tremendous economic contribution made by our defence sector—there is not a foreign and domestic split in that regard. I thank my hon. Friend for her outstanding leadership in galvanising parliamentary support for that campaign, and I hope it will have unanimous agreement in every part of the House.