Oral Answers to Questions

Harriett Baldwin Excerpts

Thursday 17th July 2025 Commons Chamber

[Madam Deputy Speaker (Ms Nusrat Ghani)]

I call the shadow Minister.

[Dame Harriett Baldwin (West Worcestershire) (Con)]

It is not just cycle manufacturers that are having to pedal hard to survive under this Government. With business survey after business survey stating that tax is the biggest worry for business, will the Minister take this opportunity to assure businesses that the Chancellor will not be coming back to burden them with more in her Budget this autumn?

[Gareth Thomas]

First, I commend the hon. Lady for the humour in her question. As she will recognise, this is Business and Trade Question Time, not Treasury Question Time, where tax measures are usually dealt with, but I am sure that the Treasury will note her comments. I should perhaps point her to recent surveys of business confidence: the Lloyds Bank business barometer pointed out that business confidence is at a nine-year high. I am sure she will be delighted by that news.

[Dame Harriett Baldwin]

Well, except for the fact that the whole House will have heard that the Government are not prepared to rule out saddling cycle manufacturers and other businesses with more taxes this autumn. Will the Minister at the very least assure the House that he and his fellow Business Ministers are making representations to the Treasury that businesses really cannot take any more tax rises?

[Gareth Thomas]

I am grateful to the hon. Lady for her suspicion that I have considerable influence with the Treasury. We are always in discussions with Treasury colleagues, and indeed colleagues across Government, about what more we can do to support business. Another indicator of improving business confidence is a survey by the American Express business barometer, which pointed out that almost three quarters of small and medium-sized enterprise bosses are confident about the future—again, up from last year.