(10 years, 5 months ago)
Commons ChamberIt is a pleasure to follow the hon. Member for Feltham and Heston (Seema Malhotra) because it gives me an opportunity to let her know that in my constituency, youth unemployment has fallen by 40% in the past 12 months. I am also pleased to speak in this Budget debate on business because as we all know—at least, as we should know—it is business, not the Government, that generates wealth. Wealth generates jobs, and jobs lift people out of despondency and dependency.
Does my hon. Friend agree that it is also possible for Members of the House to work with businesses in their constituency and do something about unemployment? I gave the example of Norwich for Jobs.
I agree with my hon. Friend. I hold an annual jobs fair, and last year 300 to 400 jobs were available to the 176 people who came to look for them. There were more jobs available in my constituency than jobseekers at the job fair, which is an indication of how our economy in the midlands, and particularly in Tamworth, is developing.
I agree with the hon. Member for Feltham and Heston about bingo and the change to gross profits tax. That tax was introduced in 2009 and created an anomaly because it meant that that soft gambling industry was taxed at 20%, compared with most of the rest of the industry at 15%. Added to the fact that bingo operators cannot reclaim VAT on their investment or refurbishment costs, it means that many operators have to carry a cumulative and punitive tax, equivalent to VAT of 32%. That was stifling the industry, with one bingo hall per week going to the wall. The Chancellor’s changes will mean more money for stakes, which is good for punters, and more investment in bingo halls and more jobs—a good thing that will also increase tax yield.
I am very pleased to see the changes to air passenger duty and start-up support for new routes. Birmingham airport, my local airport, will benefit from that. It is currently extending its runway so that it will be able to take long-haul flights to and from major markets in China and India. If the Treasury is listening, it can provide further support by adding Birmingham airport to the regional air connectivity fund list.
I hope the Treasury will work closely with the Department for Transport to consider the Whitacre link, a railway line axed by Dr Beeching. The line runs through Tamworth to Birmingham airport, and new track would reduce travel time from Tamworth to Birmingham airport from 40 minutes to just 18 minutes. That is the sort of local, sensible infrastructure development that business people in my constituency want to see. My hon. Friend the Minister knows my views on HS2. If it goes ahead, it will not be enough for it just to link our major cities. We need to improve the infrastructure around those major cities to realise the potential benefits of HS2. Building the Whitacre link would be one way of doing that.
I welcome the continued drive down of corporation tax. That will help to expand businesses and create jobs. I hope the Chancellor will not see the 20p rate as an end in itself, but as a means to an end: matching the Irish 12.5% rate of corporation tax. If we can get down to such a level, we will attract businesses to Britain that currently go to Ireland, and build a better and stronger economy. That is what business folk in my constituency would like to see.
Despite the rather gloomy concerns of the hon. Member for Rutherglen and Hamilton West (Tom Greatrex), I support and approve of the Government’s determination to drive down the cost of energy on businesses. The carbon price support rate, at £18 per tonne of carbon, is a good move. I think the Liberal Democrats would prefer to see about £30 per tonne by 2020, but capping it at £18 will reduce about £50,000 of cost for small and medium-sized businesses in my constituency.
There is, however, an energy elephant in the room: the huge amount of infrastructure spend we need to undertake in the next 10 years to keep our lights switched on, our water warm and the wheels of industry turning. The big six, which are already highly leveraged, can probably add no more than £70 billion to the £110 billion cost. If we are to get the £40 billion we need from independent players, and not rely on the taxpayer or the consumer to foot the bill, we need to ensure that electricity market reform and the signals to investors are right, otherwise there will be a cash crunch.
In general terms, the Budget was good. It was a Budget for business. In my constituency, businesses are upbeat and they say that they expect to grow. BMW is coming to Tamworth this year with 100 new jobs. Let us have more of the same: let us have more Budgets for business.
(11 years, 7 months ago)
Commons ChamberHistorians in the House might leap to correct me, but I understand that Queen Victoria was the most extreme example, at No. 5. I hope that answers my hon. Friend’s question.
Let me turn to the notion that the sovereign ought not to have a part in that decision. The role of the sovereign in giving consent to a royal marriage is part of our tradition and is entrenched in law. The Government also consider that there is a public interest in the marriages of those closest to the throne, so we believe that the requirement to seek the sovereign’s consent continues to serve a valuable purpose.
If my hon. Friend accepts that the public have a legitimate interest in active members of the royal family, who might be styled “Royal Highness”, and that the monarch might therefore wish to have some control over who they marry, does she not agree that the monarch might wish to have some control over those who are seventh, eighth or ninth in line to the throne marry, as they, too, might be active members of the royal family who are styled “Royal Highness”?
Two points need to be made in response to that question. We here in Parliament, taking due account of our responsibilities to legislate on such matters, do so cautiously. We have used a pragmatic number, and I have tried to explain from where we have derived that number. We think that it is cautious and pragmatic. However, I also referred to the notion of the people who come within the scope of the Bill also exercising wisdom, good sense, pragmatism and caution. I suggest that it would not be beyond the realms of possibility for a person who is No. 7 or No. 8 to be careful in such matters. That is perhaps as far as I ought to go on that, but I do not think that that is beyond the bounds of reasonableness. However, the fact is that we in Parliament have to fix a number. I have tried to explain why we think that number ought to be six.
I have nothing more to add to the comments I made a few moments ago. I think that in these situations a degree of pragmatism might prevail.
The Minister talks about practicalities and pragmatism, and people showing good sense. May I remind her that Queen Victoria had nine children, all of whom contracted marriage? Under these proposals, six of them would have had to seek the Queen’s consent to marriage and three would not. Is that sensible? Would the Queen have been amused?
My hon. Friend asks me to comment on a direct historical precedent. I do not think it is helpful to do that, because it is, after all, the past. Mr Evans, who is now in the Chair, would of course stop me if I sought to impute any opinion to any member of the royal family, past or present.
Let me move on to what the hon. Member for Foyle (Mark Durkan) said about civil ceremonies and civil partnerships. There is no bar on the heir or other members of the royal family marrying in a civil ceremony. Moreover, I am unaware of any legal bar to somebody who is in a same-sex relationship acceding to the throne. I would envisage that the sovereign’s consent measures in clause 3 would continue to be the case for same-sex relationships. I will not comment on legislation that this House has not yet considered, which, as the hon. Gentleman might understand, would cover the notion of same-sex marriage.
(12 years, 7 months ago)
Commons ChamberLike recoveries from all deep recessions, this one has been choppy, and we are facing subdued growth, as the Office for Budget Responsibility has laid out. There are many reasons for that, one of which is that the Labour party simply turned on the taps when it came to spending and left them running. What the right hon. Gentleman has to recognise is that in policies that deal with business we do not pick ones that have an extra £20 billion price tag that cannot be sourced. Perhaps it is his leader who needs to take a lesson in understanding business, as his adviser has said that he
“doesn’t understand business…there was always something missing.”
Will my hon. Friend congratulate Jaguar Land Rover, BMW, B&Q and John Lewis, among others, on driving down long-term unemployment in Tamworth by a whacking 22%? Does not that demonstrate that it is through the private sector’s developing sustainable jobs that we will build sustainable economic growth?
I certainly will join my hon. Friend in congratulating those firms. It is exactly through the private sector that we will find a more balanced recovery. I would also like to place on record my interest in the record numbers of apprenticeships in which such firms are participating, such as 440,000 more this year—up by half on the year before.