Finance (No. 2) Bill

Lord Benyon Excerpts

Tuesday 1st April 2014 Commons Chamber

[Chris Leslie]

We should be cutting business rates for small and medium-sized enterprises. I am very surprised that the Government are focusing their help predominantly on the 2% of the largest multinationals—the big firms—and not doing, in my view, sufficient for that 98% of British business, the small and medium-sized enterprises. They will be the backbone of a recovery and we have to do much more to support them.

It is a shame that in the Bill the Government are choosing to go to that 20% rate in April 2015. We could instead use that resource and focus it on the multiplicity of small firms. They should be getting a cut in business rates. We calculate that it would deliver an average tax cut of at least £400 for 1.5 million properties through the business rates system, benefiting small and medium-sized enterprises, which after all are the backbone of the economy. They provide the dynamism to get the growth going, which we so desperately need.

[Richard Benyon (Newbury) (Con)]

I know it is the Opposition’s job to oppose, but does the hon. Gentleman wonder whether sometimes this is not good politics? He will be getting the same message from his chamber of commerce as I am getting from mine, as well as from hard-working families who are benefiting from the Budget, pensioners and people on low incomes? Instead of the reasoned amendment, surely there is something that he can welcome in this remarkably popular Budget—go on, have a go.

[Chris Leslie]

It is simple. It is easy to do a Budget in which the Chancellor gives a few little things back, such as that penny off a pint of beer—buy 300 pints, get one free—and we are supposed to be grateful for such generosity. The hon. Gentleman should be advising his constituents to check their wallets. The thing about this Chancellor is that he takes far more with the other hand than he gives in the first place. That is his fundamental problem.