Oral Answers to Questions

Debate between Jerome Mayhew and Fleur Anderson

Wednesday 23rd October 2024 Commons Chamber

[Jerome Mayhew (Broadland and Fakenham) (Con)]

11. What steps his Department is taking to help grow the Northern Ireland economy.

[The Parliamentary Under-Secretary of State for Northern Ireland (Fleur Anderson)]

Northern Ireland is a great place to live, work and invest. That is something the Secretary of State and I have promoted in our over 120 visits and meetings. Growth is a key mission of this Government, which is why we are supporting UK businesses through securing further investment and through our industrial strategy. The Chancellor will set out the steps this Government are taking to support growth across the UK on 30 October.

[Fleur Anderson]

Many businesses have secured excellent deals in Northern Ireland, including EY, which is bringing over 1,000 jobs; Wrightbus, at its bus factory in Ballymena; and Hannon Pharma Link. We are working at pace on a veterinary agreement. We want to reduce checks and the need for checks, doing all that we can to protect the UK’s internal market. This Government have brought in economic stability in place of the economic chaos we saw up until now, and Northern Ireland businesses will benefit from that.

[Jerome Mayhew]

It is all very well talking about an industrial strategy, but economists agree that increasing national insurance contributions for employers reduces profits, reduces pay and leads to fewer jobs. Does the Minister agree that if the Government decide to raise taxes, perhaps to fund union pay rises, then employer national insurance contributions would be the last tax to choose if they want to support Northern Ireland’s economy?

[Fleur Anderson]

It is hard to take lectures from the Conservative party on investment and growth. We have had a change election. We will be investing in growth. The hon. Member has only a week to wait to listen to what will be happening in the Budget. In the meantime, we are going at pace. The international investment summit brought in considerable investment for companies based in Northern Ireland. We are moving on with our industrial strategy, Invest 2035. We are investing in skills and getting people into work, and transforming our health services. That is essential so that people will want to come to Northern Ireland because of good health services, and so that they will be well enough to work. All of that is a package for investment in Northern Ireland.