(10 years, 4 months ago)
Commons ChamberIs that for speakers after me, Madam Deputy Speaker?
Thank you, Madam Deputy Speaker.
I am sure that hon. Members will be relieved to know that my speech is not about pubs, which were very well covered by the previous two speakers. My hon. Friend the Member for Burton (Andrew Griffiths) put the case very well.
I thank small businesses in my constituency for their role in reducing unemployment and jobseeker’s allowance claimants by 63.5% since 2010. One of the biggest issues that businesses face is the financial hurdles they come across. In giving better access to finance and improving cash flow for small businesses, the Bill will go a long way towards addressing some of these problems. Small and micro-businesses, in particular, face issues with excessively long payment terms imposed on them by large companies. I am pleased that the Government are going to tackle this head on.
In relation to employment, I particularly welcome the provisions in the Bill to clamp down on employers who are not paying their employees the national minimum wage. I hope that increasing the maximum penalty that can be imposed on employers will be a significant deterrent to those who continue to avoid their obligations. I have supported the campaign to widen the uptake of the living wage, and I hope that encouraging business to do this will also be one of the Government’s top priorities.
The Bill makes important provision regarding procurement. I am particularly interested to see the extension of the Cabinet Office’s mystery shopper scheme, which a number of Members have mentioned. The scheme has been used successfully to monitor the implementation of social value. I have no doubt that giving it additional powers will provide more opportunity for the Government to improve procurement practices.
Small businesses are thriving in my constituency. I particularly commend the Leamington business improvement district for the work it has done to promote business in our area. That is a fantastic example of the results that can be achieved when business is able to work collaboratively to achieve the common goal of regenerating and supporting local business. Nationally, BIDs across the country are generating £100 million per year of investment in town centres. I also pay tribute to the local chamber of commerce and organisations such as Leamington Business Forum, which do so much to support the sector.
Small business is fundamental to our economy. I am pleased that measures in the Bill will free companies from unnecessary burdens and support them to make the day-to-day running of their work more successful and free from regulation.