Backing Business to Create Economic Growth

Janet Daby Excerpts

Monday 18th May 2026 Commons Chamber

[Janet Daby (Lewisham East) (Lab)]

Bellingham and Downham in my constituency are some of the most deprived areas in London and, indeed, the country. These areas need the radical change that Labour promised in 2024, and I believe that the action to achieve this must be rooted in a foundation of economic stability. That is why I welcome the Government’s approach to the economy. It may have been missed, but just last week, it was reported that the UK had the fastest growth in the G7, despite the backdrop of conflict in the strait of Hormuz and eastern Europe.

There are over 3,000 thriving businesses based in Lewisham East, and many of them are small and medium-sized enterprises. A missed or delayed payment can have a deep effect on those businesses’ sustainability, which is why the Government’s small business protections Bill, on late payments, is relevant. It will protect businesses from being mistreated in any way. Construction firms are the largest sector in the constituency, accounting for 16% of registered businesses. The Government’s plans to ban the deduction and withholding of retention payments under construction contracts will protect supporting industries, safeguard construction workers and help get Britain building again.

Turning to Europe, which so many in this Chamber have mentioned, I welcome the closer ties with the European Union that will be delivered through the Government’s European partnership Bill. It will benefit many businesses across my constituency. Indeed, when I was first elected in 2018, it was on a promise to repair the relationship between the UK and the EU, and I am pleased to note that the Government are progressing that commitment. The Bill will stabilise our trading relationship and set the stage for agreements on emissions trading and electricity trading, benefiting the environment, advancing our net zero goals, and securing our long-term energy future. I very much welcome the youth experience scheme and our rejoining Erasmus.

I wish to speak about cladding remediation. In my constituency, many freeholders in buildings such as Park View in Lee Green have felt trapped in their home because of the delay in correcting dangerous cladding, which is causing them such distress. I ask the Government to please look again at those in buildings of under 11 metres who have been caught up in the cladding crisis from no fault of their own.

Finally, I turn my attention to high streets. Of course, we all want to have pride in our towns and cities. We want them to thrive, businesses to develop and be stronger, and people to be really happy and secure in their area. Like my constituents, I want to be prouder of, and to feel safer in, Catford town centre, which is in great need of regeneration. There are opportunities for new homes, more businesses and social spaces, building on the amazing initiatives and benefits already there, such as Catford House. Goldsmiths, University of London, will use some of the premises for its teaching, and there is a plan for a cinema to return to Catford. Will Ministers look again at Catford town centre, and will they meet me to discuss this further, so that progress happens in this area of my constituency?