Business of the House

Jessica Morden Excerpts

2nd reading & 3rd reading
Thursday 1st July 2021 Commons Chamber

[Jessica Morden (Newport East) (Lab)]

Today, 750,000 businesses across England have lost their business rates relief, but, in Wales, the Welsh Labour Government have extended rates relief for a year and provided new support for businesses impacted by the pandemic. Can we have an opportunity to impress on Ministers the need to do more, help shops and businesses get back on their feet, and follow the Welsh example?

[Mr Rees-Mogg]

As I have mentioned already, £470 billion of taxpayers’ money has been given in support to business, and a 66% business rates cut for retail, hospitality and leisure businesses exists for the next nine months, so there has already been very significant support. The strength of the United Kingdom is that Wales has had £8.6 billion of UK taxpayers’ support, which is supporting more than 360,000 self-employment scheme claims and over 468,000 jobs in the furlough scheme. That is an indication of the strength of the United Kingdom, but the taxpayer has already been leaned on to a very considerable extent, and there is not unlimited money.