Retained EU Law (Revocation and Reform) Bill

Debate between Bim Afolami and Sammy Wilson

Consideration of Lords amendments
Wednesday 24th May 2023 Commons Chamber

[Bim Afolami (Hitchin and Harpenden) (Con)]

It is such a pleasure to follow a wonderful speech from my hon. Friend the Member for North Dorset (Simon Hoare). I was roused to get up when he mentioned Trumpian Singaporisation liberalising, and I thought, “That sounds like me and I must now rise!”

It is clear that we are not, at this moment, where we would have loved to have been a couple of years ago. My hon. Friend mentioned, and it has been alluded to by many others, that due to various political events over the last 12 months or so, we have not made as much progress on this agenda as we would have liked. I say to some Members on my own side that of course it would have been better if this process had moved faster, but we are where we are.

When faced with such a scenario, the Government have a choice. They could either say that political machismo demands we keep going down a route, even if we fear that that route, by 31 December, may lead to some or a lot of negative outcomes, or they could take a grown-up approach—the sort of approach that in a sensible debate Opposition Members would much more readily accept and highlight explicitly—which is that we will do what we can now, remove the sunset clause and, in an orderly way, make sure that we get this right. I remember the advert from when I was a child that said a dog is for life, not just for Christmas. The laws passed in this House are for life. We intend to get this right for the long term. That is why, fundamentally, the Government’s approach of repealing roughly about 2,000 laws by the end of this year, with a further 3,000 to be done in a sensible, structured and strategic way, will improve our regulatory system. Mr Deputy Speaker, I should have mentioned, as the chair of the Regulatory Reform Group, my entry in the Register of Members’ Financial Interests.

[Sammy Wilson]

Although there may be arguments for removing the sunset clause, there is a real fear that without it the Government could have, for various reasons, fallen back on the promises that they made to review all the laws. That is why the amendment is so important, because there will be a continuous review and picture of where the Government are going, and people can ensure that the foot is not lifted off the pedal.

Finance (No. 2) Bill

Debate between Bim Afolami and Sammy Wilson

2nd reading
Tuesday 13th April 2021 Commons Chamber

[Bim Afolami (Hitchin and Harpenden) (Con)]

I welcome the Bill. It is worth trying to get under the skin of Budgets, because it is so difficult. There are so many documents, there is a huge build-up, and large parts of it are incomprehensible to anybody other than the Financial Secretary. As Members of Parliament, we have to try to get under the skin of what, fundamentally, is going on here—what are the Government trying to do with the key measures?

In my view, the Chancellor is fundamentally trying to deal with one big thing that has not got enough attention in the House: our productivity problem. He is dealing with some of our deep-seated, deep-rooted economic productivity problems in two principal ways. The flashier one—and there has been some discussion of it today—is the super deduction, but I will not linger on that. In particular, I want to talk about the Help to Grow scheme, which is fundamental, transformative and can make a big difference to businesses across my constituency, Hertfordshire and, indeed, the whole United Kingdom.

On the super deduction, from listening to some of the criticism from Opposition Members, I do not think they really understand the nature of what is going on. One of the biggest economic problems that we have had for a very long time is a lack of private sector investment compared with our neighbours. That private sector investment has been further damaged by the covid pandemic for obvious reasons, as everybody appreciates. The super deduction is an inventive, creative, clever new way of turbocharging and increasing private sector investment and moving it forward so that we can help build back better during this very difficult phase that we are trying to come out of.

The hon. Member for Ealing North (James Murray) kept going on about tech companies. Well, I am afraid that he obviously has not read the detail. The super deduction is about plant and equipment. Plant and equipment tends to impact manufacturing businesses. I know that the Labour party is going through all sorts of internal difficulty and transformation at the moment, but it is a sad day when the Labour party cannot welcome measures that will benefit manufacturing businesses up and down this country.

[Sammy Wilson]

Furthermore, had the hon. Member for Ealing North read the detail of the Bill, he would know that the super deduction is on new capital equipment, not on second-hand capital equipment. So even the manufacturing of equipment, provided it is made here in the United Kingdom, will generate jobs and income for firms here in the United Kingdom, which will then, as the hon. Member for Hitchin and Harpenden (Bim Afolami) pointed out, increase productivity in the firms that invest in the machinery.

[Bim Afolami]

I welcome that intervention. Opposition Members have also been saying, “This is only going to benefit the big companies, and the poor small companies won’t benefit.” First, it does benefit all companies if they qualify. The smaller companies already have the annual investment allowance, which is continuing and has been welcomed by everybody, including by them. And—whisper it—big companies are important for our productivity too! Big companies employ lots of people, so it would be negligent of the Government to say, “We are not going to bring forward a measure that will help our economy because it might benefit big employers that employ thousands of our constituents.”