Oral Answers to Questions

John Whittingdale Excerpts

Thursday 30th January 2025 Commons Chamber

[Sarah Jones]

I was in Davos last week meeting representatives from the life sciences industry and talking about the huge potential for growth that we have in the UK. One of the eight sectors we have identified as part of the industrial strategy, is life sciences, where we have huge talent and huge skills. We need to build on that and be really ambitious in what we can deliver. Through the industrial strategy and the work with the brilliant industries we have in this country, we can do just that.

[Sir John Whittingdale (Maldon) (Con)]

9. What steps he is taking to help increase business confidence.

[The Parliamentary Under-Secretary of State for Business and Trade (Gareth Thomas)]

As the Chancellor of the Exchequer said only yesterday, we are driving forward planning reforms, boosting capital investment by over £100 billion over the next five years, and creating the national wealth fund. We are launching the business growth service and will soon publish our modern industrial strategy, which will be unreservedly pro-business. Business leaders, not surprisingly, have backed those measures.

[Sir John Whittingdale]

But the Minister will be aware that in the last few weeks the CBI, the Institute of Directors and the London chamber of commerce have all said that business confidence is plummeting. Given the tsunami of national insurance contribution increases, business rates increases and employment cost rises, is it not hardly surprising that confidence is being destroyed? Are the Government, rather than promoting growth, not actually destroying it?

[Gareth Thomas]

I think the right hon. Gentleman needs to check his sources for comments from business leaders. Only yesterday the British Chambers of Commerce, the CBI and the Federation of Small Businesses were making very positive comments about our plans for growth, and last week, interestingly, PwC published its annual survey of global CEOs to reveal that Britain was the second most attractive country in the world in which to invest. That is something that I do not think the party opposite ever achieved.

--- Later in debate ---

[Sarah Jones]

I thank my hon. Friend for her work supporting workers at Stellantis. I met several of her colleagues and representatives from Stellantis this week, who I meet regularly. We stand ready to talk to them about whatever they need to remain. The consultation finished on 24 January and we await the final decision. She makes a good point about Luton airport, which I use very often because there are very good train links from Croydon to Luton. I should say that there are also good train links from Croydon to Gatwick. We know that the Secretary of State will be making a decision in due course, but the direction of travel on growth and breaking down barriers was clear in the Chancellor’s speech yesterday.

[Sir John Whittingdale (Maldon) (Con)]

T9. Despite the very brief answer given by Under-Secretary of State for Business and Trade, the hon. Member for Ellesmere Port and Bromborough (Justin Madders) to the question asked by the hon. Member for Maidenhead (Mr Reynolds), is he aware that there is widespread concern among small and medium-sized tech firms and trade associations about the replacement of the chair of the Competition and Markets Authority by a former Amazon executive? Will the Government make clear their commitment to the operational independence of the CMA and the Digital Markets Unit, and to obtaining stronger competition in digital markets?

[Justin Madders]

I can give the right hon. Member that reassurance. The independence of the CMA is very important. That will remain in place and a new strategic steer will be issued shortly that will reaffirm that independence.