Supporting High Streets

Graham Stuart Excerpts
Tuesday 4th November 2025

(1 day, 15 hours ago)

Commons Chamber
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Graham Stuart Portrait Graham Stuart (Beverley and Holderness) (Con)
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My hon. Friend is giving a powerful speech. Hospitality is fundamental to social mobility. I would have thought that Government Members would be ashamed of a policy that means that those furthest away from the labour market—young people—are put off from trying to get their first job. Hospitality is essential to enabling them to join the labour market, and the Government have put blocks in the way of people who want a better life.

Andrew Griffith Portrait Andrew Griffith
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My right hon. Friend is exactly right. Let us be optimistic: we are here to celebrate our high streets, and perhaps all is not lost. The Chancellor could yet repent and reverse some of her most damaging policies, or adopt our policy of cutting business rates entirely for 250,000 high-street businesses.

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Miatta Fahnbulleh Portrait The Parliamentary Under-Secretary of State for Housing, Communities and Local Government (Miatta Fahnbulleh)
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I beg to move an amendment, to leave out from “House” to end and insert

“recognises the need to rejuvenate high streets following 14 years of decline under the previous Administration; welcomes the Government’s action to restore Pride in Place backed by £5 billion to support 339 locations to empower communities to drive meaningful change in their local area, including high streets; supports local communities being given new powers to tackle vacancies, and prevent new betting and vape shops in their areas, including the ability to auction off persistently empty premises through High Street Rental Auctions; further welcomes the English Devolution and Community Empowerment Bill that will ban upwards-only rent reviews in commercial leases, helping to create fairer rental conditions; endorses the Government’s support for property owners; also welcomes that from April 2026, eligible retail, hospitality, and leisure properties with rateable values below £500,000 will benefit from permanently lower business rates multipliers; welcomes the Plan for Small Businesses which supports high street small businesses as the backbone of local economies and which commits to cut the administrative burden of regulation for businesses by 25%; and further recognises that the Employment Rights Bill will bring employment rights legislation into the 21st century, extending the protections that many small businesses already offer their workers to all.”

I will start with where I agree with the hon. Member for Arundel and South Downs (Andrew Griffith). Our town and city centres are part of our identity and our sense of belonging. When they do not meet expectations—when shops are shut and footfall is down—that can dent pride in place, hold back the economy and leave our communities divided. Put simply, they are part of the nation’s barometer of whether we—all of us in this House—are doing a good job. That also means that, when our high streets prosper, the country can too. Retail and hospitality form the engine of our economy. Every pound spent on our high streets supports jobs, renewal and living standards.

But, after 14 years of decimating our high streets, I think the Conservatives have some cheek in raising this debate and pretending they have solutions. The shift to online and out-of-town retail left too many high streets with increased vacancy rates, and the Conservatives did absolutely nothing about it. Austerity and cuts to local government robbed our public realm of investment, and they did absolutely nothing about it. The harshest pain of all was felt because of the cost of living pressures resulting from Liz Truss—remember her?—and her catastrophic mini-Budget, which Conservative Members supported every step of the way.

Where the Conservatives oversaw neglect and decline—for which they should hang their heads in shame—this Labour Government believe that the best days of the nation’s high streets are ahead of us. But to reach them, we need the full force of Government to make that a reality. Only by raising household incomes and putting more money in people’s pockets can we boost the demand that our high streets need.

To the Conservative party, who pretend that there is a quick fix, I say this: you crashed the economy; do not forget that. You put jobs and livelihoods at risk; do not forget that. You oversaw 14 years of decline for our high streets and our district centres; this Labour Government are dealing with the mess that you left behind. So, quite frankly, we will take no lectures from the Conservatives.

Graham Stuart Portrait Graham Stuart
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Does the Minister regret the fact that unemployment has gone up every single month since Labour came to power, whereas, over the 14 years of the Conservative Government, 800 more people a day—4 million in total—came into work? Surely she must recognise those facts, away from her—albeit rather brilliant and fiery—rhetoric.

Miatta Fahnbulleh Portrait Miatta Fahnbulleh
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Any economist will tell us that there is always a lag. What we are now seeing are the consequences of the last party’s failures. We are fixing the mess; we are fixing the foundations in order to repair, and I will give examples of that.

Growth is our priority for the nation’s high streets, but we also recognise that, historically, the effects of that have not been equally felt. That is why we are giving communities greater control over their areas, so that they can drive the change that they want to see. In September, the Communities Secretary and I set out the Government’s Pride in Place programme and strategy. We will deliver up to £20 million of funding and support across the 244 places that need it the most—places that were neglected by the Conservatives. It will be up to new neighbourhood boards to decide how that is spent over the next decade, but each area will be encouraged to use the funding to build thriving public places.

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Graham Stuart Portrait Graham Stuart
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Does the hon. Lady understand the immediacy of the problem facing companies in the high street? She has mentioned energy costs, and she is quite right to do so, but why does the Liberal Democrat amendment suggest that changes should be made to reduce them “within a decade”?

Sarah Olney Portrait Sarah Olney
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The Liberal Democrat plan aims to halve energy bills within the decade by scrapping the link between gas and electricity prices. We have a positive plan to make a real difference to energy prices for households and businesses.

I wonder whether the Conservatives have really learned the lesson from their time in government. I listened with interest when my hon. Friend the Member for Mid Dorset and North Poole (Vikki Slade) asked the shadow Business Secretary, the hon. Member for Arundel and South Downs (Andrew Griffith), about how their plans for business rate cuts would impact on local government finances, and he had nothing to say. To me, that is an indicator that the Conservatives have not yet learned the lessons of the mini-Budget, and that they plan to repeat all those errors again if they ever get back into government.

However, many of the challenges that businesses face are being compounded by decisions taken by this Government, from their damaging national insurance rise to continued uncertainty about Ministers’ approach to the Employment Rights Bill. The economy is practically stagnant, with business confidence down and unemployment up. The Government must act more urgently to support our high streets, which are vital to our local economies and provide the jobs that so many rely on.

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Sarah Olney Portrait Sarah Olney
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There are, dare I say, perhaps some bits missing, which mean it does not add up and we can’t put it all together—I don’t know where I am going with that, sorry! [Laughter.]

The training, hiring and retaining of a skilled workforce are issues affecting businesses across the country. The apprenticeship levy does not work and many businesses cannot get the funding they need to train staff, while hundreds of millions in funding goes unspent. The Liberal Democrats have been calling for the apprenticeship levy to be replaced with a wider skills and training levy, which would give businesses flexibility over how they spend their money to train their staff. We therefore welcome the Government’s intention to reform the levy and refocus it towards growth and skills, but we need faster progress and Skills England made into a properly independent body, with employers at its heart. However, we have concerns about moving funding away from level 7 apprenticeships, as we know this initiative increases social mobility. I will continue to ask the Minister if they will accelerate the announcement of the details of the new scheme, outlining exactly what training will be eligible so that businesses can plan with certainty and develop the workforce we need.

Perhaps the most obvious issue that has impacted our high streets over recent years is the last Government’s botched Brexit trade deal. Many business owners have highlighted the reams of red tape and trading forms that they must navigate to import goods from Europe or export them to the continent. This is valuable time taken away from the productive tasks involved in running a business, and Government policy has simply made life for managers far more difficult.

Meanwhile, unemployment has gone up and a range of sectors are facing acute labour shortages, as my hon. Friend the Member for Westmorland and Lonsdale (Tim Farron) has highlighted on many occasions in this place. Many high vacancies are concentrated in high street sectors such as hospitality, retail, the arts and entertainment. Those are exactly the kinds of industries that young people visiting the UK for a few years might wish to work in. A youth mobility scheme would offer British businesses a real opportunity to address staffing shortages by welcoming young people from EU countries for a limited period, bringing fresh talent and energy to our workforce. I ask the Government to set out a timeline for when their announced youth experience scheme will be introduced.

However, the Liberal Democrats welcome the motion’s call to increase support for high business energy bills. I urge the Government to act with more urgency in addressing energy costs for businesses, including by accelerating the launch of the industrial competitiveness scheme, the consultation for which is not even due to be launched until the end of the year. The Liberal Democrats will continue to push the Government to look closely at our proposals to break the link between gas and electricity prices, halving household bills within a decade and significantly cutting business energy costs over the same period.

Graham Stuart Portrait Graham Stuart
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I would fascinated to hear from the hon. Lady precisely how the energy market can separate gas from electricity prices. If she has a plan to do so, it would be lovely to hear it.

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Kevin Bonavia Portrait Kevin Bonavia (Stevenage) (Lab)
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This motion is a masterclass in political gaslighting. It claims to support high streets, but proposes slashing public investment, scrapping workers’ rights and deregulating the very protections that keep our communities safe. It is not really a motion; it is a demolition notice for our high streets and our town centres. Neglect, not regulation, is the real threat to our high streets. Under the previous Tory Government, shoplifting rose by 71%, street theft increased by 59%, and violence against shop workers hit 2,000 incidents per day. This is the legacy of the Conservative party—a record of abandonment and inaction. The Conservatives let crime spiral and neighbourhood policing collapse. This Labour Government are reversing that damage.

Through the safer streets summer initiative, more than 500 towns, including my town of Stevenage, are seeing a surge in visible policing, targeted enforcement against shoplifting and antisocial behaviour, and bespoke local action plans to tackle violence against shop workers. This is not a short-term stunt; it is the first wave of Labour’s neighbourhood policing guarantee, backed by a £200 million investment this year alone. This Government will deliver 13,000 new officers and police community support officers by the end of this Parliament and £5 million for our pride in place programme, giving communities the power to reclaim boarded-up shops, save derelict pubs and block unwanted gambling and vape outlets. This means boots on the ground—not empty promises—restoring safety and confidence to our high streets.

This motion offers slogans about energy bills, but it is Labour that offers systemic reform. We are reforming the energy market to make it fairer and more transparent for businesses and accelerating clean, home-grown energy to reduce long-term costs and dependence on volatile fossil fuel markets. We are not capping chaos; we are ending it.

The Opposition attack the Employment Rights Bill—a Bill that bans the fire and rehire practices that caused the exploitation of so many workers under the previous Government, introduces bereavement leave for grieving parents after pregnancy loss, ends non-disclosure agreements that silence victims of harassment and discrimination, and lifts standards for thousands of my constituents in insecure work. The Opposition call it red tape; I call it basic decency. The Bill will reward decent employers by punishing the bad behaviour of others.

In their motion, the Opposition talk about protecting post offices, pubs and pharmacies, which we all want to do. But how dare they? How dare they preach about protecting post offices? The Conservative candidate in a by-election in the Roebuck ward of Stevenage sent out leaflets to my constituents falsely insinuating that the local post office was closing—this was scaremongering. I checked with the post office, and there was no threat of closure. It was part of a national campaign by the Conservatives, telling people, “Your local post office is being closed,” with no evidence behind it. It is merely a cynical attempt to mislead voters.

Graham Stuart Portrait Graham Stuart
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The previous Conservative Government had a national guarantee of 11,500 post offices, which this Labour Front Bench has put under review. That means that there is a threat to post offices across this country. That was highlighted. If anyone has gone further than that about a specific post office, that would obviously be wrong. The truth is that there is a threat to the post office network, and it is one instituted by the Labour Front Bench. Can the hon. Gentleman at least acknowledge that?

Kevin Bonavia Portrait Kevin Bonavia
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I thank the right hon. Gentleman for that intervention. The point is that we, as politicians, have a duty to explain facts and base our arguments on evidence, which was not done in this case. I put it to all politicians and would-be politicians to base their arguments on facts.

This motion is a Trojan horse. It dresses up deregulation as a gift to our constituents while gutting the very foundations of our high streets—fairness and community power. If we accept the premise of this Tory motion, we are no better than a modern-day Troy.

Labour is rebuilding what the Conservatives hollowed out of our communities: safety, fairness, opportunity and, dare I say it, pride. We are putting power back in the hands of local people, bobbies back on the beat and dignity back in the workplace. Our high streets do not need hollow gestures; they need real change. Only this Labour Government are delivering it.

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Jack Rankin Portrait Jack Rankin
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The point was well made by my right hon. Friend the Member for Tonbridge (Tom Tugendhat) that there are people who benefit from the minimum wage and new rights, but thousands of jobs will never exist as a result of the measures. We have to be cognisant of that in this House. All those measures are incompatible with a thriving high street and any aspiration to bring down welfare spending, as they are all job killers.

Graham Stuart Portrait Graham Stuart
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We should be mindful that the last Labour Government, though they did not mean any ill, increased youth unemployment by 45%. That is the worst time for unemployment in life; at that point in life, it has a long-term, scarring, negative effect on people’s outcomes and opportunities, but the Government are doing the same again in the name of protecting workers. The people on the outside are the ones who pay the price.

Jack Rankin Portrait Jack Rankin
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My right hon. Friend is right, as always. The best way to back workers in this country is to back our small businesses, and our hospitality businesses in particular, which provide so many jobs to our constituents.

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Graham Stuart Portrait Graham Stuart (Beverley and Holderness) (Con)
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It is a pleasure to follow the hon. Member for Portsmouth North (Amanda Martin), whose passion I always admire, even if I rarely follow or agree with her arguments.

From the day you start your business until the day you pass it on, Labour simply sees a target to tax. Labour Members have shown that today. By contrast, Conservatives see a dream to back. Labour makes it harder to start a business, takes more from you as you grow, and leaves a tax bill for your children when you are gone. We on this side of the House back entrepreneurs. We give them the freedom to build, the tools to invest, and the chance to pass their success to the next generation. That is what our plan will deliver to get Britain working again.

Starting a business is a leap of faith, taken by someone with an idea and the determination to make it work. Conservatives understand that, because many of us have started and run our own businesses. Sadly, just one Cabinet Minister can say the same. I do not think that Labour Members detest enterprise and business; they just do not understand it, and see it as something that they must relentlessly tap. In 14 years under the Conservatives, the number of businesses grew by 1.1 million. We have built businesses, so we know what it takes to make them grow. This Government have not, and it shows.

I am sure that Members across the House love going into schools in their constituencies. The ones in Beverley and Holderness are brimming with budding entrepreneurs —young people full of ideas but lacking the tools to turn them into reality. Research by the Federation of Small Businesses found that, while 60% of young people want to own a business, only 16% ever will.

Joe Robertson Portrait Joe Robertson
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The British Retail Consortium has warned that £7 billion of costs have been put on to businesses because of national insurance contributions levied by this Government, and the Chancellor’s attitude was to say, “Well, the NHS is working.” Does she really think that the hospital budget should rest on the entrepreneurs in our constituencies?

Graham Stuart Portrait Graham Stuart
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We see it in speech after speech from Labour Members. Perhaps it is because of the careers they have had. They think the key to unlocking the high street, or indeed the wider economy, is public investment. It is not; it is about government getting out of the way. Of course we need a facilitating local and national government, but here are the fundamentals: it is not their money—the money of government—which businesses are allowed to have; and it is not their space, which businesses are allowed to occupy. It is our space—the people’s space—and government is there to facilitate and support, humbly. But humility is something that the Labour party never seems to display when it comes to dealing with business. All it ever does is seek to tax it.

Graham Stuart Portrait Graham Stuart
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I will give way to the hon. Gentleman, for whom I have a great deal of respect.

Jim McMahon Portrait Jim McMahon
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On the basis of the right hon. Gentleman’s argument, he must support a rise in the national living wage. That is the purest form of a contract between the employer and the employee and, of course, that money goes straight back into the local economies in the towns that he speaks about.

Graham Stuart Portrait Graham Stuart
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Of course, we did lift the minimum wage by more than, I think, any other Government. But if we go too far and do what this Government did with young people—making them cost the same as older people, even though they have no experience—funnily enough, they do not get a job.

Of course, Government Members trumpet about the Employment Rights Bill: “Oh, we are providing all these rights for workers!” That is not much use if people are pushed out of the labour market. I thought the Labour party was supposed to care about the marginalised. Well, the marginalised are the people who are missing out—not your fat, union-backed workers getting vast pay at vast cost. Billions were spent paying off the union paymasters of the Labour Government, while young people are once again disadvantaged, and people who are far away from the labour market because of mental health or other issues are pushed further away from it.

Let me give the House an example from my constituency. It does not get much more rural or isolated than down in Kilnsea, just above Spurn point, and if you go to the Crown & Anchor there and speak to those publicans, you will hear that it is this Government, not 14 years of the Conservatives, who have increased their taxes, meaning that they are not taking on a young person—a young person who would have had their first chance. I know those guys are absolutely committed to finding people who are far away from the labour market, providing a nurturing environment and helping them get into work, but that dream is being killed by the Labour party.

I spoke to Viki Foster, careers leader at Withernsea high school, who shared how valuable the right business support in schools can be, and how much more schools could do if they had the resources to match. Our plan will launch business challenges in schools, introduce entrepreneur-led mentoring schemes and provide seed funding from government, so that we can unlock the potential of the next generation. There is a role for government, but it is in facilitating. We have got to make sure that government does not crush and oppress business, but supports it instead.

Starting a business is one thing, but keeping it going is another. Around 60% of businesses fail within the first three years. They need our support, because when Toll Gavel in Beverley or Market Place in Hedon thrive, that creates jobs, boosts spending and drives stronger growth for Britain.

Labour just does not seem to get it. From listening to the speeches today, there seems to be no limit to the amount of tax the Government think can be imposed on business—as long as it is channelled into public investment in their particular constituencies, they think that will grow the economy. They can come here to trumpet and name a vast number of public investments, but if the overall position is that young people are further away from the labour market than they were before, if entrepreneurs and people who would have had high-growth businesses are moving abroad, and if high net worth individuals are dissuaded from working hard in this country, or, worse still, move abroad, then all of us are poorer—our high streets in particular.

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Gagan Mohindra Portrait Mr Mohindra
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My hon. Friend makes an excellent point. The small businesses that I speak to say that they feel abandoned by this Government. They face high energy bills and rents, and poor footfall. They have been harmed by Labour’s decisions, and have ever-growing worries about the Budget later this month.

We already know that hospitality is struggling. One in five high street premises are empty, and 100,000 hospitality jobs have been lost since Labour’s Budget. Two thirds of those jobs lost were done by 18 to 24-year-olds. That is simply not sustainable. Business owners do not want that to happen, but they have no choice. A third of businesses are reducing their opening hours as they simply cannot afford to staff up. They include Kitchen Croxley in my constituency, which warned me that as a result of Labour’s policy changes, job losses are inevitable, if it is to keep its doors open.

Businesses of all sizes are affected. Hubs, a franchise owner in my constituency, made me aware that due to Labour’s national insurance contributions increases, his NICs amounted to £138,000 for April to September. He has been warned that his contributions could increase to over £275,000 for the business’s first full-year cycle. That franchise owner is creating 90 local jobs and filling a large high-street unit that sat unoccupied for over a year and a half. It simply seems unfair. Business owners are willing to contribute their fair share—they are investing significant amounts in our high streets—and they should not be penalised for trying to grow their business.

The spirits industry disproportionally faces the effects of these policies; it has contributed £676 million less in taxes than expected, despite the rise in alcohol duty. One business in Kings Langley, Fells, which employs over 70 people in the area and regularly supports charitable causes in the community, faces mounting costs and regulatory burdens. It urges a freeze in duty rates to mitigate the need for further price increases. We are talking about an industry that contributed over £75 billion to the UK economy in 2022, according to the Wine and Spirit Trade Association. Why are we stifling it?

This summer, I spent a week visiting pubs across South West Hertfordshire, to see how they are being affected by Labour’s decision making. I spoke with Nick, the manager of the Coach and Horses in Rickmansworth, who told me that the rises in the minimum wage and NICs have made staffing incredibly difficult. As I have said before, many businesses sympathise with the need to ensure job security and good working conditions. However, that comes at the cost of rising prices, which just pushes the issue on to customers. Rising prices lead to fewer people visiting pubs and putting their money back into the community.

Graham Stuart Portrait Graham Stuart
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Does my hon. Friend agree that the Chancellor would do well to consider a draught beer duty relief? We brought one in when we were in government. It could be balanced up by taxes elsewhere. It would ensure that our locals were supported, instead of facing ever greater costs.

Gagan Mohindra Portrait Mr Mohindra
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My right hon. Friend hits the nail on the head. Members on all sides of the House claim to support pubs, but our policy means that our position is a lot stronger than this Labour Government’s. As I have said before, where this Labour Government get it right, they will have our support. They should not be fearful of changing direction—I will not use the word “U-turn”, because they have done a few of them already. We will absolutely support them changing direction for the better.

Post offices remain critical to our high streets. They are a credible and trustworthy high-street brand, and a place where constituents regularly see a friendly face. I represent seven post offices in South West Hertfordshire and visit them regularly, including the one in Croxley Green, which I visited just two weeks ago. I have seen in person how busy postmasters serve the community. Many postmasters see their regulars frequently; they are often the first to see how their customers are doing.

Post offices have evolved to provide services that go beyond just post. Many now also provide banking services, owing to the closure of high-street banks. Danny, the postmaster at the Rickmansworth branch, is able to offer enhanced banking services. Without them, my constituents would be stuck waiting for unreliable buses to travel to their nearest bank, just to access their money.

In 2023, when we were in government, we extended the retail, hospitality and leisure relief scheme. We will reverse this Government’s decision not to support our high streets. When it comes to helping our high streets, I look forward to support from across the House, rather than political point scoring.

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Matt Vickers Portrait Matt Vickers
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Basically, Labour’s trade union paymasters seem to have written a large part of the Bill. In fact, we found a really rare thing today: one employer on the face of the earth who apparently supports the Bill was mentioned earlier, but of course, they were not British.

In my constituency in Stockton, almost every time I visit a small business owner, they tell me the same story: since the Chancellor’s Budget, they have had to let staff go or reduce their hours; they have had to put up prices, and some are now considering whether there is any future at all for their business. As the chief exec of UKHospitality has said, pubs, bars and restaurants are already closing earlier because of the jobs tax, and more than 200 leading hospitality businesses have written to the Chancellor to warn that her decisions will force companies to cut jobs and reconsider investment.

Too many businesses are closing. Too many jobs are being lost. Boarded-up high streets will eat away at the pride people can have in their communities and town centres. Throughout today’s debate, we have heard Labour MP after Labour MP—soon, I am sure, to be followed by the Minister—talk about the virtues of their Government’s policies. I have to ask them, have they seriously had a conversation with the small businesses on their local high street about the challenges they face?

We are now just a couple of weeks away from the Chancellor’s next Budget. She has the opportunity to change course, yet this morning we heard the same old story, with the Chancellor laying the groundwork for more tax rises—another nail in the coffin of our high streets, alongside people and businesses across the country. But we on the Conservative Benches have a clear plan for stronger high streets. First, we would abolish business rates for thousands of retail, hospitality and leisure businesses. That would benefit a quarter of a million businesses—savings that would not only help them thrive, but could be reinvested in better premises, low prices, and more jobs. It would lift thousands of businesses out of business rates all together.

Graham Stuart Portrait Graham Stuart
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Is my hon. Friend as shocked as I am to find that the Liberal Democrats have joined their comrades in Labour in saying that not a penny can be saved from public expenditure, and instead more taxes must be imposed on businesses that are already struggling with the weight?

Matt Vickers Portrait Matt Vickers
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They need to go back on YouTube—we’ll encourage a bit of online interaction—and listen to that fantastic speech from the Leader of the Opposition about the £47 billion of savings that can be made, that will be supported by the public, and that can help us balance the books and save high street businesses.

Another issue facing businesses that has been highlighted by many hon. Members is the impact of energy bills. Britain has the highest electricity prices in the world. It does not have to be this way. The situation is making our high street businesses less competitive and stifling economic growth. That is why we would axe the carbon tax and scrap net zero subsidies to reduce the cost of electricity. That would of course benefit consumers, but also businesses; the average restaurant would save £5,100 a year.

The third point in relation to our plan for stronger high streets is stronger policing. Under this Labour Government, crime is on the rise in high streets across the country, eroding community trust and public safety. It is having a huge impact on our high streets. Indeed, just a few weeks ago I met Costa Coffee, a well-known high street chain. Despite its huge resources, its representatives told me that they face constant thefts, and even ram-raids to steal sandwiches and drinks—an unbelievable situation.

Even Greggs—one of the nation’s favourites, and mine—has had to start locking up its sandwiches, soft drinks and sausages rolls in some locations, because of prolific shoplifting. In fact, shoplifting has risen by 20% in this Labour Government’s first year in office. That is the highest figure since modern records began, but it is no surprise because police numbers are falling. There are 1,316 fewer police officers since this Labour Government came to power.

As part of our plan, we will hire 10,000 extra police officers backed by £800 million in funding. We will end Labour’s early release scheme to keep criminals behind bars, introduce intense police hotspot patrolling in areas to cover serious violent crime and robbery, and treble stop and search to take knives and weapons off our streets. We will also redirect resources to catch real criminals, abolishing non-crime hate incidents so that police can spend 60,000 more hours policing our streets and not our tweets.

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Blair McDougall Portrait Blair McDougall
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I will return the compliment to my right hon. Friend before I disagree with him. This is the problem; there is a certain cheek to the Conservative party leaving us a burning building and then criticising us for reaching for the fire hose. We had to stabilise the public finances—and again, that is not abstract. The Conservatives have to learn the lesson—here comes the groan—from the Liz Truss Budget. They have to learn that lesson, because this is not abstract for businesses.

Returning to the issue of stripping out the costs of red tape, in March the Government pledged in our regulation action plan to cut the cost of regulatory burdens by 25%. At the regional investment summit last month, my right hon. Friends the Chancellor and the Business Secretary made a great start on that, creating an additional £230 million of savings for businesses by changing the requirements on directors’ reports for businesses of any size.

Graham Stuart Portrait Graham Stuart
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As the Minister will be aware, according to the Government, that figure is less than 5% of the cost imposed on business by the Employment Rights Bill.

Blair McDougall Portrait Blair McDougall
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The cost of the Employment Rights Bill is around 0.4% of wage costs across the country, and the additional help that the Bill provides will have a huge impact on small businesses and high streets.

Many Members raised the issue of crime, but let me reassure the right hon. Member for Chingford and Woodford Green (Sir Iain Duncan Smith), who spoke of the character of local areas, and suggested that there should be greater local powers to control the spread of gambling shops. We intend to deal with that when time allows.

For 10 years we waited for a small business strategy, and in July we introduced one. We are taking action on late payments for businesses, on access to finance and on cutting red tape. Across this Government there is an urgency—it is there today, and I wish it had been there before—to support small businesses and help to get our high streets back on their feet.

Question put, That the original words stand part of the Question.