Coronavirus: Supporting Businesses and Individuals

Nick Fletcher Excerpts

Tuesday 23rd February 2021 Commons Chamber

[Nick Fletcher (Don Valley) (Con) [V]]

I want to start by commending the Government for the sheer amount of work they have done to safeguard as many businesses and as many people’s jobs over the past 12 months. Yet while the title of this motion may be “Supporting business and individuals through the coronavirus crisis”, there is the obvious question of what happens next. This is particularly relevant as the vaccine continues to be rolled out and the spring Budget comes closer and closer.

In my view, the best way we can support businesses and people in the short to medium term is by pushing forward with the levelling-up agenda, keeping taxes low, and promoting the growth of small, innovative companies. The Government should also help businesses by removing red tape and promoting job creation through initiatives like free ports. As I have made clear time and again, nothing would help Don Valley more than a free port adjacent to our very own Doncaster Sheffield airport and iPort. Furthermore, the UK needs multinational companies like Apple and Tesla to invest in places like Don Valley—a view that I have proudly championed. However, as good as investment from multinational firms would be as we recover from this terrible pandemic, the UK should also recognise the need to create its own Tesla and its own Apple. We must strive to be the world’s workshop yet again. After all, I am sure that Members from across the House will agree that the UK can only move forward if it has world-leading homegrown businesses. I am pleased that this Government share that view. Their recent announcement that they will be founding the Advanced Research and Invention Agency, with a generous budget of £800 million, will ensure that the UK becomes the place for the advancement of cutting-edge research and technology.

In addition to maintaining low taxation and supporting research and innovation, the Government should also encourage businesses to make efficiencies. Unfortunately for Labour Members, I am afraid that this means facilitating a free market and allowing healthy economic competition, for if we are to make the UK economy more innovative, dynamic and resilient, casting away old business practices and embracing new ones must be at the core of our economic recovery. Let us not forget that it was the drive for efficiencies that gave us cars that do 100 miles to the gallon, lights that use a tenth of the power, and boilers that use less and less fossil fuels. All these efficiencies have helped people, the economy and the environment.

Low taxes and business incentives and efficiencies are the way forward out of this difficult economic situation, and there is no better Government to do that than this Conservative Government.