(1 day, 23 hours ago)
Commons Chamber
Blair McDougall
The right hon. Gentleman hits the nail on the head when he talks about people not spending money. That is exactly why this Labour Government are taking action to put money into people’s pockets. We must recognise that a big part of why it has been such a difficult 10 years for business were the stagnating living standards and stagnating wages under his Government. I know that hospitality, leisure and retail, which have very thin margins, have been hit especially hard by the pandemic, the cost of living crisis and changes in shopping habits, but that is why we recognised that and published, for the first time in a decade, a Government strategy for small businesses. It is why we are putting more money into people’s pockets. It is why fiscal credibility, which the Conservatives just do not seem to value at all, matters to our constituents.
Sir Ashley Fox (Bridgwater) (Con)
The Globe Inn in North Petherton is a fantastic local pub. This financial year, its business rates bill is zero. By 2029-30, it will be £5,000, thanks to this Government. That is an extra 10,000 pints it will have to sell to meet that extra cost. How is the Government’s strategy helping?
Blair McDougall
The hon. Gentleman will know about the transitional relief that we are putting in—I will come on to that in a moment—but we are putting more money into people’s pockets.
I spent five days last week speaking to small businesses. I was in Staffordshire, the north-west and Scotland meeting dozens of small businesses, and all of them said the same thing to me: what they want is footfall. As the right hon. Member for Herne Bay and Sandwich (Sir Roger Gale) said, they want people to start spending money again and to get custom.