Flick Drummond
Main Page: Flick Drummond (Conservative - Meon Valley)Department Debates - View all Flick Drummond's debates with the HM Treasury
(9 months, 3 weeks ago)
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Nigel Huddleston
The hon. Gentleman knows that the IMF has forecast us greater growth than France, Italy and Germany over the next few years. If he is so enthusiastic about supporting growth, including helping businesses across the United Kingdom, perhaps Scottish National party Members could have joined us in the voting Lobby last night instead of voting against, for example, full expensing and investment in research and development. They voted against that—how on earth is that in the interests of their constituents?
Mrs Flick Drummond (Meon Valley) (Con)
The Chancellor of the Exchequer (Jeremy Hunt)
Mr Speaker, may I add my comments to yours yesterday about His Majesty the King? I wish him and his family well, as well as saluting his courage in being so open about his condition.
At the autumn statement last year, I announced an ambitious growth package, which will boost business investment by about £20 billion a year. We are making full expensing permanent, which the CBI welcomed as a game changer that will fire up the British economy.
Mrs Drummond
I also welcome those measures. Business rates are among the biggest issues for small businesses in Meon Valley, so I welcome the Chancellor’s £4.6 billion package of support in the autumn statement. However, following covid, there are a number of empty offices where landlords are still having to pay business rates. Does the Chancellor have any measures to support those who are struggling with a lack of income to pay business rates?
Jeremy Hunt
My hon. Friend is absolutely right to highlight the pressures caused by business rates. That was why in the autumn statement we introduced the 75% discount for retail, hospitality and leisure. All I would say is that the reason we were able to introduce those large cuts in business rates was that we did not embark on a spending spree of £28 billion a year, which is Labour’s policy on Mondays, Wednesdays and Fridays, but not apparently on Tuesdays, Thursdays and Saturdays.