Debate on the Address

John Hayes Excerpts

Wednesday 8th May 2013 Commons Chamber

[Bill Esterson]

I am glad that that the hon. Gentleman is nodding. German contracts are let to German companies—there are ways of writing contracts that favour them, and this country must get better at that in relation to our companies.

I mentioned the construction sector and two projects in my constituency. This country should ensure that the supply chain supports local subcontractors and local labour, and that should be written into contracts far more often.

[Minister Without Portfolio (Mr John Hayes)]

indicated assent.

[Bill Esterson]

I am glad to see the Minister nod in agreement to that point. This is about supporting the local economy, which can happen only if we prioritise using local subcontractors and their staff. There are always ways of doing that.

I have made the point about the importance of investment in the economy. There was not enough in the measures announced in the Queen’s Speech—frankly, there was precious little—to support the economy and to get the growth we need. Ultimately, to get the deficit down, we must have growth. We must have the investment now; it will not wait. We have had three years of delay. We need immediate investment in construction, in housing and in the kind of projects that we have been discussing in the past hour or so. It is also important that we consider the measures that my right hon. Friend the Leader of the Opposition and the shadow Chancellor, my right hon. Friend the Member for Morley and Outwood (Ed Balls), are proposing on VAT and support for small business.

I will make a final plug for small business. I ran a small business for 15 years and many small businesses in my constituency—not only in construction, but throughout the economy—need growth and the support of Government investment to succeed. Small businesses will create the jobs; they will be the key drivers of the economic recovery that we desperately need. It is no good lending going just to the medium-sized and large companies that are already financially successful and have lots of money in reserve. There must be proper support for the smallest of businesses, and I urge the Government to take that point on board as well as the other points that I have made about investing in the economy.