Oral Answers to Questions

Debate between Lisa Nandy and Louie French

Thursday 28th November 2024 Commons Chamber

[Mr Speaker]

Let’s hope that the shadow Minister will not fall at the first hurdle.

[Mr Louie French (Old Bexley and Sidcup) (Con)]

Thank you, Mr Speaker.

The horseracing industry has been left in the dark by this Government, following the Chancellor’s disastrous Budget. The Office for Budget Responsibility warned that the national insurance rise would cost, on average, £800 per employee. With 20,000 employed across the country, the Government’s jobs tax could cost the horseracing industry £16 million and the gambling sector up to £100 million, even before the new levies. Will the Secretary of State tell the House whether her Department has made any assessment of the impact of the increase in national insurance contributions on the industry? How many jobs will be lost? How many training yards and courses will close? How many of the 500 independent bookies will shut?

[Lisa Nandy]

Let me gently say to the hon. Gentleman—who I welcome to his place—that he is well aware that in the decisions that we took in the recent Budget we protected the smallest businesses. More than half of businesses will pay either less or the same as they currently do. We will take no lectures from the Opposition about how to run the economy, after 14 years, given the mess that they left this country in. It really does take some brass neck to stand at that Dispatch Box and attack the Government.