Budget Resolutions and Economic Situation

Natalie Elphicke Excerpts

Tuesday 9th March 2021 Commons Chamber

[Mrs Natalie Elphicke (Dover) (Con)]

This Budget puts in place the framework for a steady economic revival, and provides a strong package for my constituents in Dover and Deal. The recent pandemic has seen thousands of jobs at risk in the ferry, port, retail, hospitality and tourism businesses on which my area depends, so I strongly welcome the range of continued support, including the extension of the self-employed income support scheme and the £5 billion in restart grants, which will help hard-hit businesses to get back on their feet.

The levelling-up fund provides an opportunity to strengthen and diversify. We are an area rich in advanced manufacturing and biotechnology, and we are ambitious to be strong in digital skills and the green economy. Priority 1 status and a £150,000 award in the levelling-up fund will ensure that we can put together the best bid possible for a further £20 million investment in our area. That is on top of the millions of pounds already earmarked for our future high streets fund bid and our proposed White Cliffs border control facility. These important investments will attract further opportunities for new jobs, businesses and prosperity.

As we look forward to making the most of these opportunities, there are also emerging economic risks that will fall hardest on less affluent areas, so we also need to look at a better deal for households and consumers. For example, Dover has the advantage of a high-speed rail train that connects to central London in an hour, but a season ticket costs over £7,000; that is around 25% of average earnings. To unleash the railway opportunity—whether that is high-speed Dover or the new HS2—rail tickets must be affordable within the context of the area and linked to average income. We should also introduce flexible tickets that are affordable for people who travel once, twice or three times a week. As we meet today, oil prices have surged recently and inflationary risks loom on the horizon. This risks consequent rises in energy, rents and other household and consumer bills. The Government’s commitment on fuel freezes is welcome, yet the transition to new fuel such as the electric car also needs to take place in rural and coastal areas.

In conclusion, this is a Budget that supports the areas hardest hit by the pandemic, and ensures a fairer share of investment and opportunity in the years to come.