Mary Macleod
Main Page: Mary Macleod (Conservative - Brentford and Isleworth)Department Debates - View all Mary Macleod's debates with the HM Treasury
(12 years, 8 months ago)
Commons ChamberI am very sad indeed to hear that. Although the Government have squeezed councils, Labour councils up and down the country are determined to do what they can to protect the arts in the community against a Government who are cutting while telling them that philanthropy can step in and take the place of funding, which it will not.
Will the right hon. and learned Lady give way?
I am going to get on with my speech now, because I know that many other Members wish to speak.
Key to a regional strategy is a truly national broadband strategy. There is a growing digital divide between the haves and have-nots—between urban areas with superfast broadband and rural areas with none. That is from the party that said it cared about rural areas. In Labour’s digital Britain strategy, we guaranteed 2 megabit broadband speeds to the whole country by 2012. The Tory Government scrapped that, and now it will not happen until at least 2015. The Government boast of the £100 million for its super-connected cities, re-announced from the autumn statement, and the £50 million for a second wave of smaller towns and cities, but that will not happen until 2015, if then. The Government can talk about ultrafast and superfast and hyperfast and megafast all they like, as the Ministerdid, but what is happening is the creation of a digital underclass—those in rural areas, the unemployed, and older people, who are already so squeezed by this Budget and by this Government.
For many, broadband access will be made all the more difficult by cuts to libraries. According to the Chartered Institute of Library and Information Professionals, almost 600 libraries are threatened by this Government. Where does that leave the Government’s “race online” campaign, which is supposed to be about libraries playing a key role in getting people online? The Government should tread carefully here: it is a well-known fact that libraries are very popular with many older people—unlike the Chancellor of the Exchequer.
This was a Budget that failed on jobs, failed on growth and failed on fairness, especially for older people. How can it be fair to give a £40,000 tax cut to millionaires and pay for it by taking £3 billion from pensioners? There is no justification. There can be no excuse. The Government’s claim that this is not a cut but a “simplification” is an absolute joke. They have invented a wholly new meaning for the word, but perhaps we should all go along with it: when I went to the hairdresser on Saturday, I asked for a simplification and blow dry, and yesterday I failed to persuade my hon. Friend the Member for Birmingham, Erdington (Jack Dromey) to simplify the lawn. But when it comes to simplification, the Culture Secretary had better watch out—I have heard that there are many on his side who would love to simplify his Department entirely.
Despite the fanfare ahead of this Budget, it has turned into a disaster. They wanted the centrepiece of the Budget to be “Downton Abbey”, but it turns out to be more like “Titanic”: the rich get the lifeboat, the rest sink or swim. This was a Budget that rearranged the deckchairs but did nothing for jobs and growth; a Budget that was based on economic failure and grossly unfair. Goodbye to detoxification: this Budget tells us everything we need to know. The clocks may have gone forward yesterday, but this Government have turned the clock back: wrong choices, wrong priorities, wrong values—same old Tories. The only people to benefit from this Budget were those rich enough to buy access to the Prime Minister.
It is a pleasure to follow the hon. Member for Blyth Valley (Mr Campbell), who is passionate about his enterprise zone, unlike the right hon. and learned Member for Camberwell and Peckham (Ms Harman), who went on a tirade of negativity about growth and business in this country. In the House hon. Members should be talking up British business to encourage people to invest in this country because it is a great country to invest in.
Even in these difficult economic times there are some great news stories in the national economy. London has retained its status in the global financial centres index as the best place to do business, ahead of New York, Hong Kong, Singapore and Tokyo. Business confidence has jumped to a nine-month high, according to a confidence index by BDO accountants group. This confidence index leapt 3.9 points to a score of 98 in February. Over half of members polled by the Federation of Small Businesses expect to grow in the coming 12 months.
West London is the place where I want people to invest. In my local area, Brentford and Isleworth, there are great local success stories of growth. Aker Solutions, which provides engineering and construction services to the energy, mining and power generation industries, has come back to the UK to Chiswick, and the reason is the highly skilled work force. International SOS has started up in Chiswick, helping organisations manage health and security risks. Otis, QVC and Swarovski are all moving to Chiswick. Starbucks headquarters in Chiswick has announced a major apprenticeship scheme to help young people get into work and develop skills for the future.
BSkyB, based in Osterley, has major expansion plans, with an increase in the number of jobs based there and an extensive programme of increased work in schools, developing skills and aspiration for the future. Fullers Brewery, London’s last remaining traditional family brewer, announced revenue figures up by 6% in its half-year results in November 2011 and like-for-like sales growth of 3.9%.
My hon. Friend the Member for South Northamptonshire (Andrea Leadsom) spoke about banking, and I agree with what she said, but Handelsbanken has already moved into my constituency and Metro Bank is about to open in my constituency. In the jobs fair that we are having on Friday in Isleworth there are hundreds of jobs available to people who are out there looking for work.
I applaud the Government for the fact that the Budget was one for business growth and exports. Corporation tax is dramatically down and is now lower than in the US, Japan, France or Germany. That is what will make us more competitive than ever before. We are backing potential winners—for example, through tax relief to the video games industry, which will help Sega in my constituency and other similar organisations. Helping companies export is key to growth in the future. Lord Green has been doing a lot of work at a local level as well to encourage businesses to expand abroad. If we exported more, more than £36 billion could be added to our UK economy.
This is also a Budget for small and medium-sized enterprises, encouraging investment and creating an enterprise-led recovery. The national loan guarantee scheme, the enterprise management initiative scheme, the enterprise investment scheme and the seed enterprise investment scheme will help small businesses, and we have helped to simplify tax for so many small businesses. I encourage the Government to do more for SMEs by simplifying employment legislation, as we are doing, helping small companies bid for Government contracts and keeping that process as simple as possible.
This is a Budget to encourage young entrepreneurs. Enterprise loans, which we heard about in the Budget, will help young people believe that they can aspire and set up a new business. It does not matter what age they are; they can do it and achieve great things in business. Linked to the work that we have been doing to try to get more women on boards in the City, we need to encourage more female entrepreneurs. If women were setting up businesses at the same rate as men, we would have 150,000 more businesses.
In conclusion, Britain is a great place to do business. The signs of change are being seen locally and nationally. Each Member can do their bit for growth by helping to build aspiration in schools and/or in businesses. This Budget will deliver real results for this country and allow British business to grow and succeed in the future.
Before I call Mr Jim Cunningham, let me say that I do not want to drop the time limit any more, but if each Member could be generous to others and shave a little bit off their speeches, we will try to make sure that we get everybody in.