Oral Answers to Questions Debate
Full Debate: Read Full DebateLee Barron
Main Page: Lee Barron (Labour - Corby and East Northamptonshire)Department Debates - View all Lee Barron's debates with the Department for Business and Trade
(1 day, 20 hours ago)
Commons ChamberFirst, let me say that, as someone who used to spend their family holidays in Cornwall, I must protest: I have had two questions from Cornish colleagues and not a single invite to visit Cornwall over the summer holidays. I really think that is unacceptable.
The economic history of Cornwall is particularly interesting—I have had this discussion with my hon. Friend the Member for Camborne and Redruth (Perran Moon)—and I recognise some of the specific issues that the hon. Member for St Ives (Andrew George) has identified there. Of course, I am always willing to meet him, either in Cornwall or here in Parliament, to have that discussion. I believe there are key parts of the industrial strategy that will deliver the opportunities and the tools required to unleash what both colleagues are trying to achieve.
We have frozen the small business multiplier for 2025-26, protecting over 1 million ratepayers from bill increases, and we are creating a fairer business rates system that protects the high street and supports investment. Our forthcoming SME strategy will set out further plans to help businesses on the high street and beyond.
In Corby and East Northamptonshire, retail and wholesale jobs account for the largest share of employment, supporting thousands of jobs. Will the Minister confirm that, unlike the last Tory Government, which promised to reform business rates but did absolutely nothing, this Labour Government are committed to delivering a fairer business rates system to support the vibrant high streets that our communities deserve?
I know that Northamptonshire has a thriving retail and wholesale sector, and I commend my hon. Friend for championing the jobs and businesses in his constituency. He rightly says that the Conservatives promised to reform business rates. What he did not say was that they promised many times to reform business rates and never did so. We have committed to permanently lower business rates for retail, hospitality and leisure businesses. The Government are committed to publishing soon an interim report that sets out further details on the direction of travel, and confirmation of our plans will come at the autumn Budget.