Oral Answers to Questions Debate

Full Debate: Read Full Debate
Department: Department for Business and Trade

Oral Answers to Questions

Lindsay Hoyle Excerpts
Thursday 12th March 2026

(1 day, 10 hours ago)

Commons Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Chris Bryant Portrait Chris Bryant
- View Speech - Hansard - - - Excerpts

I pay tribute to my hon. Friend for the work he has done to make sure that the UK Government have delivered in his constituency. I am glad that he has raised the Lanarkshire AI growth zone, because it is really important in trying to make sure that the industries of the future are at the heart of the jobs of the future in Scotland. I look forward to the SNP welcoming this in the next few moments.

Lindsay Hoyle Portrait Mr Speaker
- Hansard - -

Here is the chance—I call Chris Law.

Chris Law Portrait Chris Law (Dundee Central) (SNP)
- View Speech - Hansard - - - Excerpts

Thank you, Mr Speaker. Of course, I will always welcome the fact that Scotland punches above its weight, whether it be industries abroad or investment in Scotland. Indeed, under the SNP, foreign direct investment has been higher in Scotland over the last 10 years than anywhere else in the UK outside of London—something I would expect the UK Government to also celebrate. Instead, we learned through a leaked memo this week that the Prime Minister told senior Ministers of the Government to go against the wishes of the Scottish Government when taking decisions. Does the Secretary of State agree with the Prime Minister? Does he not agree that Scotland makes the best decisions when it is the people of Scotland who make those decisions, which will happen only when it becomes independent?

--- Later in debate ---
Chris McDonald Portrait Chris McDonald
- View Speech - Hansard - - - Excerpts

The Government recognise the importance of the defence industrial plan, which will be brought to the House as soon as it can be. On private sector investment, £10 billion of investment came in from the regional summits, and £79 billion of investment was identified in the last industrial strategy quarterly report. Investors are voting with their money, and they are investing in the UK.

Lindsay Hoyle Portrait Mr Speaker
- Hansard - -

I call the shadow Minister.

Harriett Baldwin Portrait Dame Harriett Baldwin (West Worcestershire) (Con)
- View Speech - Hansard - - - Excerpts

There was a new private sector investor in the Royal Mail last year. As we heard yesterday in the House, the regulator has let the universal service obligation slip, so will the Minister update the House on how his colleague’s meeting with the regulator went yesterday?

Chris McDonald Portrait Chris McDonald
- View Speech - Hansard - - - Excerpts

The Minister responsible for the Post Office and the Royal Mail, my hon. Friend the Member for East Renfrewshire (Blair McDougall), is sitting beside me. Just yesterday, he spent 90 minutes in the House answering questions from Members who have had problems with the service across the whole of the country; I have seen such problems in my constituency as well. The Government are clearly not happy with the level of service from the Royal Mail, and the shadow Minister will hear a full response to Question 15, when my hon. Friend will stand at the Dispatch Box and tell her everything that she needs to know about that particular meeting.

Lindsay Hoyle Portrait Mr Speaker
- Hansard - -

There is an assumption that we will get there. [Laughter.]

David Pinto-Duschinsky Portrait David Pinto-Duschinsky (Hendon) (Lab)
- Hansard - - - Excerpts

5. What steps he is taking to support the creation of well-paid jobs.

--- Later in debate ---
Peter Kyle Portrait Peter Kyle
- View Speech - Hansard - - - Excerpts

It would be a pleasure to work with my hon. Friend to unlock more investment in offshore wind in South Dorset. Dorset council and the Crown Estate have already committed up to £1 million to support a feasibility study for a £500 million clean energy port facility adjacent to Portland port that has been proposed by energy developer Morwind. Clean energy industries are expected to support 860,000 jobs across the UK by 2030, including up to 100,000 direct and indirect jobs in offshore wind. Thanks to the work that my hon. Friend is putting in, I am sure that South Dorset will benefit from this incredible and growing British industry.

Lindsay Hoyle Portrait Mr Speaker
- Hansard - -

I call the shadow Minister.

Harriett Baldwin Portrait Dame Harriett Baldwin (West Worcestershire) (Con)
- View Speech - Hansard - - - Excerpts

Of course, there are lots of well-paid jobs in the steel sector. In fact, the taxpayer is now subsidising every job at British Steel to the tune of £110,000. Can the Secretary of State update the House on how his negotiations are going with Jingye, and on when he will finally publish his long-awaited steel strategy?

Peter Kyle Portrait Peter Kyle
- View Speech - Hansard - - - Excerpts

I am very grateful for the hon. Lady’s question. Of course, after 14 years of the Conservatives running the steel industry, we have landed in a place where this Government are having to sort it out. I can reassure her that the negotiations with Jingye are well under way. I will update the House shortly on progress and, of course, on the strategy that I have been working very hard on, with colleagues, on behalf of the steel industry.

Lindsay Hoyle Portrait Mr Speaker
- Hansard - -

I call the Liberal Democrat spokesperson.

Sarah Olney Portrait Sarah Olney (Richmond Park) (LD)
- View Speech - Hansard - - - Excerpts

Research from the Entrepreneurs Network shows that 54% of Britain’s 100 fastest growing companies have a foreign-born founder or co-founder. International entrepreneurs play a vital role in driving innovation, investment and job creation across the UK, yet this Government are recklessly introducing unworkable visa regulations for those very people. Since the Budget in October 2024, 110,000 jobs have been lost in the hospitality sector and 74,000 in retail, and 700,000 graduates are currently unemployed. Youth unemployment has just hit 16%. What impact assessment have the Government undertaken on the impact of their proposed changes to indefinite leave to remain on job creation, and what conversations has the Minister had with the Home Secretary regarding this damaging disincentive to those looking to build their businesses and create jobs here in the UK?

--- Later in debate ---
Chris Bryant Portrait Chris Bryant
- View Speech - Hansard - - - Excerpts

The right hon. Gentleman makes a really good point. I noticed that he was commending the Government for securing the free trade agreement with India, which previous Governments were not able to secure, and he did so generously. Mr Speaker, I may have misled the House previously by suggesting that the India free trade agreement would enter into force this summer, because I am very hopeful that it will actually enter into force this spring.

The key thing is not just to have a free trade agreement, but to deploy it and make sure that businesses take advantage of that opportunity. Our two high commissioners—both in India and here—are absolutely essential to making that happen. I look forward to working with the right hon. Gentleman to do that not only in India, but in Ukraine, as I note he has been appointed to help Zelensky’s Government with reconstruction in Ukraine. I am the Minister for Ukraine reconstruction, and I hope we can work together to achieve that, too.

Lindsay Hoyle Portrait Mr Speaker
- Hansard - -

I call the shadow Minister.

Gareth Davies Portrait Gareth Davies (Grantham and Bourne) (Con)
- View Speech - Hansard - - - Excerpts

We all want innovative British companies not just to start up in Britain, but to scale up in Britain, too. I welcome the Minister’s previous comments, and actually his enthusiasm, for our most innovative companies. However, he will know that the Chancellor’s decision to cut venture capital trust rate relief will be very damaging. How does he explain the disconnect between his Department’s words and what the Chancellor is doing?

--- Later in debate ---
Kate Dearden Portrait Kate Dearden
- View Speech - Hansard - - - Excerpts

My hon. Friend and I have discussed this matter at length. She champions the pubs in her constituency, and I thank her for it. We recognise the importance of independent breweries and pubs, and remain committed to ensuring that the beer and pub sector remains diverse, competitive and rooted in local communities. We have reviewed the beer market to assess any barriers facing small breweries and will announce the outcome in due course.

Lindsay Hoyle Portrait Mr Speaker
- Hansard - -

I call the Liberal Democrat spokesperson.

Sarah Olney Portrait Sarah Olney (Richmond Park) (LD)
- View Speech - Hansard - - - Excerpts

In the Q4 2025 quarterly economic survey, 52% of businesses reported utility costs as a pressure that is driving them to raise prices, and there is a particular impact on the hospitality sector. Recent research by the British Chambers of Commerce shows that more than a quarter of businesses will struggle to pay their energy bills over the next 12 months, and this survey was conducted before the recent escalation in the middle east. Last week’s forecast by the Office for Budget Responsibility also did not take into account any potential impact from the jump in oil prices triggered by the strikes in Iran. The fuel duty hike in September is already expected to hit families and small businesses hard, so will the Secretary of State speak to the Chancellor now about scrapping this damaging policy?

--- Later in debate ---
Lee Barron Portrait Lee Barron (Corby and East Northamptonshire) (Lab)
- Hansard - - - Excerpts

15. What recent assessment he has made of the adequacy of postal delivery services.

Lindsay Hoyle Portrait Mr Speaker
- Hansard - -

We’ve made it!

Blair McDougall Portrait The Parliamentary Under-Secretary of State for Business and Trade (Blair McDougall)
- View Speech - Hansard - - - Excerpts

It was worth waiting for. We are clear that Royal Mail’s service performance has not been good enough. I met the sector’s independent regulator Ofcom yesterday to stress the widespread concerns among hon. Members about service standards. My hon. Friend has deep experience in this area, and I welcome his engagement with the main delivery office in Corby, where Royal Mail tells me that it is recruiting nine new postal workers to support the timeliness and quality of its postal services.

--- Later in debate ---
Peter Kyle Portrait Peter Kyle
- View Speech - Hansard - - - Excerpts

I am grateful for my hon. Friend’s important question. She will know that our manifesto committed to double the size of the co-op and mutual sector, and we are well on the way to doing so. She will also know that a consultation on this issue closed very recently. We are analysing the results and we will make further statements very soon.

Lindsay Hoyle Portrait Mr Speaker
- Hansard - -

I call the shadow Secretary of State.

Andrew Griffith Portrait Andrew Griffith (Arundel and South Downs) (Con)
- View Speech - Hansard - - - Excerpts

The Government do not create jobs; business does. With unemployment rising, this is the last chance to ask the Secretary of State a question ahead of the start of April when a tsunami of business rate rises will hit. Shops and restaurants will see a 50% increase on average and the business rates of hotels will double. He and I both represent wonderful Sussex constituencies full of hospitality, high street and tourism businesses, but young people need those jobs. For their sake and for others, will he finally postpone his business rate rise?

--- Later in debate ---
Peter Kyle Portrait Peter Kyle
- View Speech - Hansard - - - Excerpts

I am always grateful for invitations to drinks with the right hon. Gentleman. I might well ask him to come to Hove, though; I have been to his constituency a number of times over the years and it is about time he visited mine. When he is there, he will see a thriving hospitality sector, but one that does need support to meet its full potential. We accept that, which is why we have introduced so many support packages since we came into office. What the hospitality sector needs is what every other sector in the economy needs: a stable industrial strategy—

Lindsay Hoyle Portrait Mr Speaker
- Hansard - -

Order. Secretary of State, we have a lot of Back-Benchers who are desperate to get in and who want to hear from you.

Douglas McAllister Portrait Douglas McAllister (West Dunbartonshire) (Lab)
- View Speech - Hansard - - - Excerpts

For years scotch whisky has faced sky-high import tariffs in India—as high as 150%. The Scotch Whisky Association has described the tariff cuts as “transformational”, and the Scotch whisky industry supports thousands of jobs in my constituency. Does the Minister agree that the increased bilateral trade with India is set to grow the Scottish economy by £190 million a year and is a massive win for the whisky industry, West Dunbartonshire and Scotland?

--- Later in debate ---
Peter Kyle Portrait Peter Kyle
- View Speech - Hansard - - - Excerpts

The right hon. Gentleman raises an issue that is close to my heart. The Government and I care deeply about the future of the automotive sector. Exports are incredibly important to it, but so is the security of supply chains. I have raised this issue not only with our US counterparts and other export markets but with the EU, to protect supply chains. My ministerial colleague chaired the Automotive Council just yesterday; we are listening, gauging and acting on behalf of the sector. Automotive production fell by 50% when the Conservatives were running the country. We are trying to get it back up to where it deserves to be.

Lindsay Hoyle Portrait Mr Speaker
- Hansard - -

I call the Chair of the Business and Trade Committee.

Liam Byrne Portrait Liam Byrne (Birmingham Hodge Hill and Solihull North) (Lab)
- View Speech - Hansard - - - Excerpts

The Select Committee recently flagged that small businesses in our country now face pandemic-level pressures. In April, standing charges for energy are set to rise by 60%, with no price cap protection. Now, soaring oil and gas prices threaten to be the final straw for thousands of SMEs. Will the Secretary of State make an urgent assessment of the risk of soaring energy prices, and give a clear account of how we will keep the SMEs that keep this country running in business?