Backing Business to Create Economic Growth

Debate between John Hayes and Gregory Stafford

Monday 18th May 2026 Commons Chamber

[Gregory Stafford]

Thank you, Madam Deputy Speaker.

The hon. Member for Exeter talked about a battle of ideas, but those on the Government Benches seem to be totally devoid of any ideas that will actually get this country moving again. The ITEM Club forecasts around 160,000 job losses this year alone, with manufacturing, retail and construction expected to be hit the hardest. Unemployment has risen month after month and now stands at 5.2%. His Majesty’s Revenue and Customs payroll data shows 110,000 fewer people in employment than when Labour took office.

In my constituency of Farnham and Bordon, in Haslemere, Liphook and the surrounding villages, there has been a 28% increase in the number of young people claiming unemployment-related benefits in a single year. This is the reality behind the rhetoric that comes from the Government: young people unable to get a foothold in work, businesses pausing recruitment, families feeling the squeeze in their bills, and high streets losing momentum.

The reason is not difficult to identify, and businesses across the country are telling us the same thing: Labour has increased the cost of employment, raised taxes and layered on regulation that is undermining confidence. The Employment Rights Act alone introduced more than 330 pages of additional obligations on employers. The Government’s own assessment acknowledged a cost of around £1 billion a year. Both the Federation of Small Businesses and the Institute of Directors warned that the legislation would reduce hiring and investment, which is exactly what we are seeing. What is the Government’s response? A regulating for growth Bill. It is like asking a vegetarian how they would like their steak cooked. The reality is that this is not the way to get growth.

At a recent hospitality roundtable in my constituency, one publican told me that there is now “no incentive to hire someone under 25”. That should concern every single Member of this House, but Labour Members simply parrot the Government’s talking points. They are totally detached from what is going on in the real world. The unemployment rate is now close to one in six among 16 to 24-year-olds, and I cannot believe that Labour Members are not being told this by their constituents. For many young people, their first job is the foundation for everything that follows—skills, confidence, independence and ambition—but too many are now finding the door closed.

[Sir John Hayes]

My hon. Friend is right about young people, and he will be as shocked as I am that over a million of them are not in education, employment or training. Much has been said about growth, but what matters is per capita growth—making all our people better off—and yet, to go back to my earlier point, there is nothing in the King’s Speech about investment in skills, which allows people to get their foot on the ladder, businesses to thrive and the economy to boom.

[Gregory Stafford]

My right hon. Friend is right. Per capita growth is down, and that is a shocking indictment on the Government.

Across our high streets and the hospitality sector, the pressure is becoming severe. To give some local examples, John from Birdies café in Farnham told me that his business rates are rising from around £290 a month to approximately £1,600 a month, and his energy bills have increased from £300 or £400 to about £,3500. As a result, he has already let a member of staff go.

Wey Hill in Haslemere is one of the areas most affected by business rates. The average increase in rateable values is 82%. That is entirely unsustainable for small shops—a butcher, a kitchen shop and a party shop. These are not enormous businesses. At the same time, retail sales are falling and confidence is weakening across the sector, yet the Government still do not appear to grasp the impact of their decisions.

In the King’s Speech, instead of backing enterprise, the Government are increasing the cost of employing people. Instead of reducing the burden, they are adding to it, and instead of restoring confidence, they are eroding it. Thirty-year gilt yields are at their highest level since the 1990s, and higher borrowing costs mean higher mortgages, higher debt interest and less capacity to fund public services. The Government are presiding over stagnation and apparently calling that a strategy. Good news: there is a different path, which we Conservatives laid out in our alternative King’s Speech. I say to the Ministers on the Treasury Bench that we are not precious about it; take every single policy and enact it, because we want the best for Britain. We will support them in every way we can, if they pick up those policies. They include reducing regulatory burdens on businesses, cutting energy costs by removing unnecessary levies, restoring domestic energy security by renewing North sea licences, and properly cutting business rates for high streets and the hospitality sector.

Jobs are not created through legislation, regulation or press releases; they are created when businesses are confident enough to invest, expand and hire. That requires lower costs, lower taxes, cheaper energy and a stable regulatory environment. Labour came in promising growth, but we have seen anything but. Unless there is a change of direction soon, the cost of this Labour Government to our country will only rise further.

Terminally Ill Adults (End of Life) Bill

Debate between John Hayes and Gregory Stafford

Report stage
Friday 13th June 2025 Commons Chamber

[Gregory Stafford]

I thank the hon. Gentleman for his intervention. I do not disagree that drugs are used for different things; that is not the thrust of the argument that I am making. What I am saying—relatively clearly, I hope—is that when the drugs we would potentially use in these situations have been used, there have been unintended consequences and side effects. We must ensure that the drugs we use, if the Bill passes, are absolutely effective in what they are intended to carry out: namely, the end of the life of the individual.

[Sir John Hayes]

Will my hon. Friend give way?

[Gregory Stafford]

This is the last intervention that I will take, as I must make progress.

[Sir John Hayes]

The reason why what my hon. Friend has said is so important is that it is yet another important safeguard, particularly given that, as we learn from analysis in the impact assessment, much of this is outsourced to private organisations. Those organisations need to be regulated in precisely the way he has described.

[Gregory Stafford]

My right hon. Friend is entirely correct.

The Royal College of Physicians has said:

“Medicines prescribed and administered in assisted dying must be regulated for safety and efficacy for this use.”

If that is a requirement of the Royal College of Physicians, we in the House should take it seriously and put it into the Bill.

I will now draw my remarks to a close, but I should say that I also support amendment 99, which would require a report on the drug’s effects before Parliament approves the regulation, as well as a number of the other amendments, which hopefully would remove the wide-ranging Henry VIII powers currently in the Bill. In the light of all that I have said, I remain deeply sceptical as to whether the Bill, in its current state, provides the robust, protective and operationally sound framework that such a profound societal change deserves.