Oral Answers to Questions

Ed Miliband Excerpts

Tuesday 9th February 2021 Commons Chamber

[Kwasi Kwarteng]

I fully appreciate—this is our key message as a Government—that jobs and employment are a No. 1 priority. That is exactly why my right hon. Friend the Chancellor extended the furlough scheme. I am in constant conversation with him about how better to provide support for our economy under this distress.

[Edward Miliband (Doncaster North) (Lab)]

Businesses are facing a £50 billion bombshell in less than two months as Government support packages are due to end, and there is still no clarity about the future. The Secretary of State must realise that the Budget is too late. Businesses are making decisions now about their future and that of their workers. The CBI director general said a week ago:

“Businesses are currently completely in the dark when planning for the weeks and months ahead and this is hindering investment.”

The Secretary of State’s job is to stand up for our businesses, so can he explain to them why, yet again, they are being left completely in the dark?

[Kwasi Kwarteng]

What I will explain is the fact that, in four weeks in the job, I have seen 200 business leaders. I meet the BROs—the business representative organisations —constantly, and I am in constant dialogue with them to ensure that the Government provide the support. We have provided £280 billion so far, which is beyond any precedent that we have seen. We are in constant conversation not only with our stakeholders but with the Chancellor of the Exchequer.

[Edward Miliband]

Excuses are no substitute for a plan. Businesses need clarity and certainty, and they are not getting it from the Government. Let me turn to another critical issue facing them. We want them to succeed in our new trading relationship with the EU, but according to Make UK, 60% of manufacturers are experiencing disruption, the fashion industry says it faces “decimation”, and hauliers are warning of a permanent reduction in trade. What personal, tangible action is the Business Secretary taking to get a grip and deal with the mountains of red tape now facing our businesses?

[Kwasi Kwarteng]

Of course, Mr Speaker, you will remember that, ahead of the Brexit deal, we were told that there was never going to be a deal and that we were going to crash out with no deal. We were told all sorts of scare stories about what would happen with Brexit. I fully accept that there are issues on the border, and I fully accept that many of the business leaders I have spoken to have raised issues, but I think the situation is far better with a deal—ask Nissan in Sunderland—than was the case, certainly, only three months ago.