Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Chris McDonald Excerpts
Tuesday 21st January 2025

(2 months, 2 weeks ago)

Commons Chamber
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James Murray Portrait James Murray
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We have been clear since the Budget that the decision to raise employer national insurance contributions was one of the toughest we have taken as a Government, and we recognise that it has consequences for businesses. However, we think all businesses will benefit in future from the economic stability that this decision will bring; it will drive investment and growth across the country.

Chris McDonald Portrait Chris McDonald (Stockton North) (Lab)
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T9. Will my right hon. Friend join me in congratulating Intasite, a technology business in Stockton that is celebrating its 10th anniversary with 40% growth? Does she agree that our industrial strategy will help businesses to invest and grow in Teesside?

Rachel Reeves Portrait Rachel Reeves
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I join my hon. Friend in congratulating Intasite on its 10th anniversary as a business, and on the rapid growth it is enjoying. The announcement we were able to make last year on the carbon capture and storage work in Teesside will be a big driver of jobs and growth there, and I look forward to working with him and local businesses in Stockton to make that a reality.