Oral Answers to Questions Debate
Full Debate: Read Full DebateAmanda Solloway
Main Page: Amanda Solloway (Conservative - Derby North)Department Debates - View all Amanda Solloway's debates with the Department for Business, Energy and Industrial Strategy
(3 years, 6 months ago)
Commons ChamberMy right hon. Friend the Chancellor of the Exchequer presented to Parliament the Budget, which sets out an additional £65 billion to support people and businesses. We have hit every road map commitment at every stage so far, and no one can doubt that we are leading in our support to businesses. We have even taken the total cumulative cost of support to £352 billion.
ExcludedUK is set to reach its first birthday soon, which must be a bittersweet moment for many of my constituents. It is frankly a disgrace that the campaign has had to continue in the face of the Government rejecting the calls to support the 3 million who have been ignored and denied covid support. Does the Minister not agree that the self-employed and others denied support now deserve to have funds backdated so that they can rescue their livelihoods and contribute to the economic recovery, rather than simply adding to online dole queues?
Throughout the covid-19 pandemic the Government have supported people and businesses across the whole of the United Kingdom. The Budget extends the UK job retention and self-employment income support schemes and the VAT cut to support the tourism, leisure and hospitality sectors. To date, businesses in Midlothian have benefited from more than 1,500 loans and £56 million, with more than 16,000 jobs supported through furlough.
I recently introduced a ten-minute rule Bill on making mental health, or psychological, first aid a legislative requirement for workplace first aid, going beyond its recent positive inclusion in Health and Safety Executive guidelines. Will my hon. Friend please meet me to explore my proposals, which make a very small change to make a very big difference?
I know how passionate my hon. Friend is about mental health and this campaign. I myself am dedicated to supporting campaigning and advocating for mental health, and I care passionately about mental health in the workplace. Indeed, we are working on a people and culture strategy for research and development. We will ensure that my hon. Friend has the opportunity to discuss the matter further with relevant Ministers.
The Chancellor has announced that the job retention scheme must end in September, yet thousands of workers in Coatbridge, Chryston and Bellshill remain on furlough, with their industries required still to close. While the vaccine roll-out gives us real optimism, the world remains firmly in the grip of this pandemic. It is unacceptable to leave workers and businesses with only four months before they face this cliff edge and are cut off from this vital lifeline. Other European nations, such as Germany, have already committed to continue with their equivalent scheme until 2022. With that in mind, will the Minister join me in imploring the Chancellor to do the right thing for workers and businesses in my constituency and across the UK by extending the retention scheme for as long as it is required?
The Government have provided unprecedented support to business sectors throughout the pandemic, including the hospitality and retail sectors. In addition to the job retention scheme and cuts to business rates and VAT, we have provided one-off restart grants of up to £18,000, which are available to businesses in the non-essential retail, hospitality, leisure and personal sectors to support them to reopen as restrictions are relaxed. To date, businesses in Coatbridge, Chryston and Bellshill have benefited from more than 1,500 loans and £59 million, with 70,800 jobs supported through furlough.
This week marks English Tourism Week, but the UK’s tourist destinations have been hit hard, with a much higher than average increase in people who are now out of work, including in places such as Scarborough and Whitby. Many tourism businesses, such as hotels and cafés, have taken on debt to stay afloat, and one in five hospitality businesses now says that it is at moderate risk of insolvency. Yet the Government’s pay as you grow scheme does nothing to solve the underlying long-term issue of business debt, which means that businesses will have to repay whether or not they are making a profit. Does the Minister agree that, if we want to give businesses the time to build up their trade and resilience, and also protect jobs and not let debt stifle the recovery, we need a genuinely flexible repayment scheme such as the one Labour has called for.
We care passionately about businesses in this Government, and our support package includes the job retention scheme, generous grants and cuts to business rates. Pay as you grow measures will allow 1.5 million bounce back loan borrowers to extend payment terms and to benefit from a further repayment holiday. Our plans to support economic recovery and pursue growth through significant investment in infrastructure skills and innovation will help us to build back better and level up across the United Kingdom.
Our comprehensive economic response to business is worth £385 billion, including grants, the furlough scheme, tax deferrals and business rates relief. We are providing a £56 million welcome back fund, helping councils to prepare for the safe reopening of our high streets and seaside resorts.
High street businesses on Lord Street in Fleetwood tell me that one of their biggest concerns is empty shop units that have fallen into disrepair. They are dangerous for people who are out shopping and make the high street very unattractive. What support can the Government give councils such as Wyre Council to ensure that these shops are made safe and, ideally, tenanted?
The Government are committed to unleashing enterprise and growth across all parts of the United Kingdom, and we will go even further with the publication of our levelling-up White Paper this autumn. The hon. Member will welcome the news that Lancaster and Fleetwood have been awarded funding under the high streets heritage action zones cultural programme. Our £4.8 billion levelling-up fund will invest in infrastructure that improves everyday life across the United Kingdom. We have protected 14 million jobs through the comprehensive package we have put in place. Our plan for jobs is creating, supporting and protecting jobs, and our £2 billion kickstart scheme has helped 16,500 young people to start paid jobs.
Having worked in manufacturing for over 20 years, I know the challenges, and I thank those in the manufacturing sector for the brilliant work they have done to support the economy, including the way they came together for the ventilator challenge, and for manufacturing all our vaccines. We are committed to supporting UK manufacturers to build back better by taking advantage of innovative technology and through measures such as the super deduction capital allowance rate of 130%, to turbocharge business investment.
Following Brexit, it is more important than ever that we incentivise the best possible commercial, manufacturing and industrial base in the UK. What is BEIS doing to support the Department for International Trade and other Departments in bringing foreign businesses to our shores?
BEIS is working with Departments across Government to implement the plan for growth, with its focus on infrastructure, innovation and skills. That will have the effect of making the UK more attractive in terms of inward investment, cementing our place as a global science superpower and potentially increasing investment in areas such as Thames valley, which already boasts a number of world-class manufacturing companies.
As the Minister knows, I am passionate about inspiring the next generation of scientists and engineers. Will she tell the House what plans her Department has to build on the previous good work in this field, such as the Year of Engineering?
We have committed to investing £14.9 billion in R&D in 2021-22, meaning that Government R&D spending is now at its highest level for decades. We have our ambitious road map. We have our innovation strategy that we will be launching. We have our R&D place strategy, and we are working to ensure that the benefits are felt nationwide.
I suspend the House to enable the necessary arrangements to be made for the next business.