Income Tax (Charge)

Mary Glindon Excerpts

Thursday 4th March 2021 Commons Chamber

[Mary Glindon (North Tyneside) (Lab) [V]]

I speak today as a Member of Parliament representing an area of the country that the Chancellor seems to have forgotten exists. It is not just my constituency that he has forgotten about, or, even worse, chosen to ignore; it is Wearside and Northumberland too. I was particularly anxious, listening to the Chancellor speak yesterday, because I knew that he was going to make an important announcement. The announcement I was hoping for would create over 30,000 new jobs across Tyneside, Northumberland and Wearside and provide a further 31,000 jobs in construction. It would realise £2.7 billion in new regional private sector investment and £2.1 billion in additional UK exports over 10 years. It would drive innovation, boost trade and support our world-leading clean energy, advanced manufacturing and automotive clusters. It would mean that our part of the north-east could achieve its full economic potential through investment, trade and jobs.

As it turns out, it was the final announcement that the Chancellor made in his Budget—the announcement of eight new freeports. I hoped to hear that there would be a north-east of England freeport, but my hopes were dashed. I do congratulate the eight new freeports that the Chancellor listed, particularly the one on Teesside, which has fared very well in the Chancellor’s Budget. Like all areas of the north-east region, Teesside has seen many of its industries disappear and its people have suffered economic and social hardship over many years.

Although the establishment of freeports is somewhat controversial, like many of my north-east colleagues, I knew that the bid submitted for the north-east of England freeport was one that we could commit to supporting as Labour MPs and as a cross-party group. The bid was submitted by a business and public sector partnership that included the seven local and two combined authorities, the north-east local enterprise partnership, the universities, Nissan and the ports of Sunderland and Tyne. I firmly believe that it more than met the Government’s vision for the new freeports.

As if it was not enough to reject that bid, the Chancellor added insult to injury, as he also forgot about our part of the north-east when it came to his announcement on support for the offshore wind industry. It is good to see that Teesside again, and Humberside will get funding, but what about the Tyne? Our Labour council, under the leadership of our Labour elected Mayor, Norma Redfearn, has continuously worked to regenerate our coast and our towns as well as our riverside, with considerable success. Five years ago, the council worked hard to help bring to the Tyne, Smulders’ new facility for the production and assembly of foundations for the offshore wind farm. At its peak, it employed more than 400 highly skilled workers, and the company’s only ask of the Government now is that they help to create a level playing field in that very competitive market.

What news has the Chancellor for our other offshore industries on the Tyne, such as Shepherd Offshore, which at the start of the year bought the former Swan Hunter site to expand its offshore wind business? That is a good news story, when so many of our local businesses have taken a battering during the pandemic and lockdowns.

The Chancellor said:

“Our future…demands a different economic geography.”—[Official Report, 3 March 2021; Vol. 690, c. 260.]

It is clear from his Budget statement that anywhere north of the Tees does not figure in that new economic geography. He may have erased our area from his economic plans, but (Inaudible) I and my north-east parliamentary colleagues will be fighting hard for our corner of the United Kingdom, to get it firmly on that new economic map.