Budget Statement

Lord Naseby Excerpts

Wednesday 18th March 2020 Lords Chamber

[Lord Naseby (Con)]

My Lords, I appreciate the opportunity to say a few words in the gap, arising out of phone calls that I made last night.

First, a number of noble Lords will know that I was Member of Parliament for Northampton. The answer that I got from those phone calls was, “Michael, wake up. Demand has collapsed. Cash flow is at a critical point. We recognise what the Chancellor has done on business rates, and well done him, but there are two other problems—VAT and national insurance—and we need some help in that area.”

Secondly, we are not good at communicating to people in business what the Government are doing. I had the privilege of doing all the advertising for the COI on the three-day week. Every day there was different copy in every single national paper and all the trade papers. I say to my noble friend on the Front Bench that we need to communicate to reassure all people in commerce and trade about what is happening. That includes the trade associations, along with the chambers of commerce and chambers of trade and so on.

My third point, on which I will finish, is that I have the privilege of being president of Northamptonshire County Cricket Club. The sporting world is our next problem. You have only to look at what is happening in football, with people playing and nobody watching. Rugby is in the same situation. All those clubs are in potential financial difficulty. Cricket is due to start next month and after that will come tennis. I say to my noble friend on the Front Bench: please get the Minister of Sport involved now so that some anticipatory work can be done to ensure that those great sports, which our whole nation likes to watch, can start on time and not be in financial crisis.