(6 days, 20 hours ago)
Commons Chamber
Anna Gelderd
I thank the hon. Member for his intervention. I will come to that point later in my speech.
There is a clear and well-established link between transport and inequality. Research undertaken in 2019 for the Department for Transport shows that transport shapes life chances through three factors: where people live and their socioeconomic position; where opportunities such as jobs and education are located; and how accessible the transport system is in terms of cost, reliability, geography and journey time. The research also shows that transport does not affect everyone equally; experience changes due to income, location and personal circumstance. In rural and coastal areas such as South East Cornwall, transport that is affordable and reliable could expand our opportunities.
Cost is consistently identified as one of the most significant barriers to opportunity. Policies that reduce transport costs help people to access and sustain employment, particularly those on lower incomes. However, that same Department for Transport research makes clear that transport policy works best when embedded in a place-based approach that is linked to the skills, housing, employment and economic opportunities on offer locally.
South East Cornwall is shaped by rivers and coastline that define our landscape and our communities. Our connectivity depends on a number of strategic crossings that function as everyday routes to employment, education, healthcare and social connection. Those are not optional journeys; they are essential links within a tightly connected economic and social region.
What makes South East Cornwall unusual is the concentration of tolled crossings that residents rely on daily. The Tamar bridge, Torpoint ferry, Cremyll ferry, Polruan ferry and Bodinnick ferry are part of daily life. For many local residents and businesses, one or more of those crossings are used routinely, sometimes multiple times a day. The total cost is significant, and that is simply to participate in ordinary life. This has shaped my constituency for decades. It affects where people can work, which services they can realistically access and how businesses operate. Despite the scale and impact of the crossings, we still have not found a workable long-term solution.
Travel from towns and villages in South East Cornwall to Plymouth—our nearest city—often takes far longer than distance alone suggests. Short journeys on a map can become long, expensive and uncertain in practice. The Tamar bridge and Torpoint ferry are the only viable crossings linking South East Cornwall with Plymouth and up-country. Around 16 million vehicle crossings take place each year, with thousands of residents relying on them daily to reach work. There is no practical alternative direct route, meaning that the crossings function as essential infrastructure to local people.
The Tamar bridge is publicly owned and jointly operated by Cornwall council and Plymouth city council. In the 1950s, both authorities sought national funding for a fixed crossing. When that funding was not forthcoming, they proceeded with a locally financed scheme funded through tolls. Parliamentary powers were granted through the Tamar Bridge Act 1957, which established the joint committee that continues to operate both the bridge and the ferry as a single business unit, with all operations, maintenance and improvements funded entirely through toll income.
The Torpoint ferry is the busiest vehicle crossing of any estuary in the United Kingdom, carrying nearly 2 million vehicles each year, including mine many times. The TamarTag has helped some regular users, including myself, but minimum top-ups, usability issues and recent proposed increases in admin fees have undermined its purpose. The infrastructure must be maintained, but affordability, transparency and trust are also essential.
Research in 2019 for the Department for Transport examined the relationship between transport access and life opportunities, and the findings were stark. Access to a personal car makes someone nearly four times more likely to be in employment than not in employment. Access to services follows a similar pattern: those who have access to their own car are twice as likely to reach essential services.
Transport also shapes social participation. Car access makes people more likely to maintain social connections, particularly those with mobility impairments and those living in rural areas. Transport therefore affects isolation, wellbeing and quality of life. Geography amplifies those pressures. Water boundaries fragment travel patterns and isolate communities. Where tolls apply, they add a financial barrier on top of the physical separation. For many households, the costs are unavoidable.
Alison Taylor (Paisley and Renfrewshire North) (Lab)
Does my hon. Friend agree that there would also be an environmental cost to not using the crossings, because vehicles have to travel longer distances, since usually the crossings present the straight and most direct route?
Anna Gelderd
My hon. Friend makes an important point about the environmental impacts, which I will come to later. Geography amplifies the pressures, and the water boundaries bring a particular problem.
For a standard car journey, it costs £3 to leave Cornwall on both the Tamar bridge and Torpoint ferry. The Cremyll ferry charges £3 per adult for a single journey, and other crossings in that area charge a similar amount. Some local resident concessions exist, but recent proposed increases in admin costs triggered significant concern, because the total amount is unaffordable for many people.
The Tamar Toll Action Group, along with myself and other MPs, called for a rethink, and there was an extraordinary meeting of local authorities. Some may argue that the prices are not extreme, but they add up quickly. I was glad that the meeting happened and that changes were considered. Average incomes in South East Cornwall are around 20% below the national median, and residents cross have to use the crossing frequently, so the costs do add up for those in the local communities.
There is clear evidence of isolation across parts of South East Cornwall and wider Cornwall. Some communities fall within recognised measures of poor accessibility in both travel time and services. Digital connectivity adds to the pressure, as broadband and mobile coverage remain inconsistent, which limits remote working, access to online services and business development. That reinforces physical isolation rather than easing it.
Digital connectivity is increasingly important alongside physical transport. Research by the Department for Culture, Media and Sport highlights the negative impacts of poor broadband on farmers, including reduced productivity, compliance challenges, and limited market access, which is really important for South East Cornwall. High-speed broadband supports economic growth, productivity and educational outcomes.
We have the foundations for a modern, flexible economy in South East Cornwall. People want to live there, work there and build businesses there. The well-known “surf and code” model seen in places such as California and Portugal reflects a real opportunity to combine the quality of life in the coastal and rural areas of Devon and Cornwall with work, but that depends on sustained investment in physical connectivity and other types of connectivity, including digital.
Currently our public transport does not bridge the gap. Bus services are often infrequent, and ferry services are essential but shaped by the costs that I have mentioned. When disruption occurs, the system offers little flexibility. Bus services in South East Cornwall fell by around 50% between 2010 and 2023. The Conservatives stripped those in our rural and coastal communities of the ability to get around, and then systematically dismantled our public services too. Those pressures have gone on for far too long and communities like mine need support.
Cornwall’s rail connectivity depends on a single line through Dawlish. Recent storm damage again highlights the fragility of that route, following the collapse of the sea wall in 2014. Climate change is accelerating faster than our adaptation, and resilience must be built into long-term infrastructure planning. Phase 6 of the Dawlish resilience work and the reopening of the Tavistock line remain shared aspirations for Cornwall and Devon. What comes next must be credible, long-term and capable of carrying the confidence of south-west communities. Existing Department for Transport investment should be leveraged alongside local and regional funding to improve resilience and open new routes.
Anyone who has visited Cornwall will know and understand that our road network remains a challenge. Country lanes are often narrow, overgrown and dangerous. The A38, which remains the main route in South East Cornwall, has claimed too many lives—the recent safety upgrades are welcome, and I pay tribute to all involved in making them possible for our area. The transport constraints we face carry economic consequences. Businesses face higher operating costs and reduced labour pools. Tradespeople absorb toll charges that competitors elsewhere simply do not face.
(1 week, 5 days ago)
Commons Chamber
Alison Taylor (Paisley and Renfrewshire North) (Lab)
The Economic Secretary to the Treasury (Lucy Rigby)
It is definitely right to say that the FTSE 100 performed strongly in 2025, during which it rose faster than key benchmarks, the United States and the European stock markets, and hit 10,000 points as we entered the new year. The UK is one of the world’s leading global financial hubs, and this Government are committed to the sector’s enduring leadership.
Alison Taylor
Does the Minister agree that cutting paperwork and speeding access to capital will provide a valuable boost to companies looking to list their shares on the London Stock Exchange? Is she hearing that from the companies that she is meeting, because that is what I have been hearing while I have been out engaging with businesses in Scotland?
Lucy Rigby
I can confirm that I am indeed hearing that. Last week’s introduction of the new prospectus rules will mean faster execution, reduced complexity and a simplified route to capital raising. Together with the three-year UK listing relief announced at the Budget, these initiatives will make the UK the most attractive destination for companies to start, scale, list and stay.
(1 month, 3 weeks ago)
Commons ChamberI will give way to the hon. Gentleman and then I will come to the hon. Lady.
As I have to say so often following his interventions, the hon. Gentleman is absolutely right. There is a huge difference between the position of a dynamic, growing organism of a company and the other situation that he has described. Loading up these taxes on the death of the principal owner or one of the significant owners of a business means loading it up with uncertainty, and quite conceivably the business must be broken up as a consequence.
Alison Taylor
As someone who used to be part of a small family business in Glasgow, I wonder whether the right hon. Gentleman agrees that stability in relation to inflation and corporation tax and reducing interest rates are equally important to a small family business.
It is interesting that the hon. Lady should raise the issue of inflation. Inflation is currently at about twice the target of 2%, and it was bang on target on the day of the general election, at 2%, because of the action that we took, alongside the Bank of England. The International Monetary Fund is forecasting that inflation in our country will be the highest in the G7 this year, and the highest in the G7 next year. If we ask why that has happened, the answer is relatively simple. If national insurance increases are imposed on employers, they pass on some of those additional costs by way of higher prices, and that is inflationary. If vast amounts of money are borrowed, and, notwithstanding what the Minister had to say earlier, vast amounts of money are spent, too—about half a trillion pounds more than was the case under the plans that Labour inherited—that also stokes inflation. Those on the Government Front Bench may trumpet the fact that interest rates have come down five times, but if they had not mismanaged the economy, rates would have come down an awful lot faster. Interest rates are higher, and for longer, because we have sticky inflation, which is due to the choices made by this Government.
Alison Taylor (Paisley and Renfrewshire North) (Lab)
It is a pleasure to contribute to this important debate. Members on both sides of the House have eloquently set out their views on the provisions of this Budget. From my own experience of running a small business, I empathise with entrepreneurs working hard to build something, to employ people and to be willing to take on the risk of building a business. In my constituency, as in many others, small businesses are an important part of the local community. Obviously, they provide a source of local employment. They make our high streets into destinations. Many of them lend their expertise to local charitable and social organisations in the community, including local sports teams and volunteer organisations.
Paisley and Renfrewshire North benefits from the generosity of local businesses in lending expertise, making donations or providing sponsorship. This Budget provides a sure foundation for the services that our entrepreneurs need to establish their business. We need a firm foundation of laws, police to enforce them and courts to oversee the process. We need transport infrastructure and public transport by which workers and customers can get to work places or shops and deliveries can be made.
One of the concerns that probably all of us in this Chamber have, including the hon. Lady, is the squeeze of the middle class and the working class. Many of my constituents have told me—I wonder whether her constituents have also told her—of their concern that that squeeze is going to be felt even more. The people who are paying the most are the working class and the middle class, who cannot afford it.
Alison Taylor
I thank the hon. Gentleman for his point. We need a balance about fairness, and there are a lot of things in this Budget that will balance things out in the round, including all the investment in infrastructure. In Scotland, and in my constituency, that is really important for driving economic growth.
We need a workforce with the education to produce our goods and services and to drive our business ecosystem forward. This Budget sets a fair balance between taxes and services, a fair balance between benefits and responsibilities, and a fair balance between meeting immediate needs and investing in the future. I know that people are still suffering the hangover from the last Government, and I hope that they will start to really feel the benefits of recovery from this Budget.
Last week I was at the Paisley Christmas market. I expect it is quite like markets up and down the country: a mix of established local businesses and young and family entrepreneurs testing out a business idea, or making Christmas gifts or treats for a little extra income. In 2026 some of those stallholders will grow their businesses locally. Some will be taking steps in wider markets and new products, and my constituency of Paisley and Renfrewshire North is a suitable place to do that. Recently named Scotland’s town of the year, Paisley has a supportive infrastructure for new and growing businesses. New net zero commercial property developments across my constituency are making it one of the most welcoming places in the country to locate or grow a business. This Budget gives them a firm foundation on which to build.
The Budget’s demonstration of the Government’s commitment to fiscal responsibility is keeping borrowing costs down and bringing much-needed stability to the economy. In education, we are focusing on skills and increasing the availability of apprenticeships. We are negotiating exciting trade deals across the world, attracting important new orders for ships to be built on the Clyde and so much more.
I am in no doubt that much more still needs to be done, and I look forward to what my right hon. Friend the Chancellor of the Exchequer and colleagues across Government can achieve in 2026.
(5 months ago)
Commons ChamberMy hon. Friend is absolutely right. It is only thanks to the fiscal rules that the Chancellor introduced at last year’s Budget and our decisions—the right decisions—to ensure that those fiscal rules are non-negotiable and that we keep to them at every stage that we have been able to boost investment by £120 billion over the course of this Parliament in many projects, including those that he mentioned and those in constituencies right across the country. That is the right thing for our country.
We were just talking about chronic under-investment. We are tackling that through ensuring that the Government invest across the country and by encouraging private-sector investments to get businesses across Britain growing.
I will take a very short intervention, then I really will make progress.
Alison Taylor
Does the Minister agree that taxation is intrinsically linked to economic growth and that there are already green shoots of recovery in the economy, with three trade deals and five interest rate cuts?
My hon. Friend is absolutely right; economic growth is of course critical to our plans. She points to the trade deals that we secured. She and other hon. Members will know that the UK was the fastest-growing G7 economy in the first half of this year. There is much more for us to do, but we are showing that because of the right decisions that we have taken we are starting to move in the right direction.