Business of the House

Patricia Gibson Excerpts

Thursday 24th November 2022 Commons Chamber

[Penny Mordaunt]

My hon. Friend has asked a very timely question, as this week is Family Business Week. I have warm feelings towards Penny Hydraulics. It sounds like a great firm. There are currently 5 million family-owned businesses in the UK. They enable 4 million people to have a pay cheque and contribute about £575 billion to the UK economy. I am also pleased to say that the number of small businesses in the UK is up by 1 million since 2010.

[Patricia Gibson (North Ayrshire and Arran) (SNP)]

Following on from that question about the importance of business, the right hon. Lady will of course be mindful of the fact that energy support for businesses is due to end on 31 March, leaving many struggling to survive, from those in hospitality and corner shops to community post offices. Will the Leader of the House make a statement setting out an understanding of the need to extend this vital energy support beyond the end of March and also the need to provide more certainty to business, which is a fundamental part of our economic and social infrastructure?

[Penny Mordaunt]

We do want to provide support for business, and that is what we have done. We have done it throughout the pandemic and with the energy packages. We have announced our intention to continue to support businesses and households with what they need to get through challenging times, and I refer the hon. Lady to the recent statement that the Chancellor made.