Budget Resolutions and Economic Situation

Paul Bristow Excerpts

Tuesday 21st March 2023 Commons Chamber

[Paul Bristow (Peterborough) (Con)]

I rise to support the Budget, because there is much in it to get excited about. Yes, it is important that we boost growth and reduce inflation, but the thing that I am most excited about is the direction of travel when it comes to levelling up and investing in parts of the country that have perhaps not had the investment that they deserve in years gone by. Peterborough is a place that provides evidence of that. In a cynical age when people are cynical about MPs and Governments, we often hear, “What have the Government done for me? What have the Government done for Peterborough? What has the MP for Peterborough done for the city?” But in a short walk from the station to the other side of our city centre, I can point to £100 million-worth of investment in Peterborough.

We will start at our university. We have £34 million to build a new engineering, technical and manufacturing university. That will create the high-skilled, high-wage economy that my city so desperately needs. It will transform the life chances of so many young people in my constituency. When they reach the age of 18, a lot of young people do what I did: they leave Peterborough. I came back, but because of this investment, so many young people will not have to leave our city. They can go on to university, get good jobs, transform their life chances and transform our local hospitality and entertainment sector. This will be a game-changer.

But guess what, Mr Deputy Speaker? There is more, because we can talk about the £23 million from our towns fund to regenerate our city centre and bring old buildings back into use, drawing people back into our city centre and creating the sort of local economy that we need.

But guess what, Mr Deputy Speaker? There is more, because we have millions to build a new pedestrian bridge across the River Nene, linking Fletton Quays with the Embankment, bringing that green and open space into better public use.

But guess what, Mr Deputy Speaker? There is more, because we are investing in our NHS in Peterborough. We are building a brand-new NHS community diagnostic centre. That is 67,000 extra tests, checks and scans each and every year.

But guess what, Mr Deputy Speaker? There is more: we have £48 million to regenerate our station quarter and to create new access, new retail and new opportunities, and to create a gateway not just to Peterborough, but to the east of England. These millions and millions of capital investment in our city are transforming the life chances of the people of my city.

So when people ask, “What has your MP done for you?”, lots of Opposition Members cannot answer that, but Government Members can talk about £100 million of capital investment in Peterborough, a place with potential. That is before—[Interruption.] They don’t like it, do they, Mr Deputy Speaker? But this is evidence of investment in a place like Peterborough. That is before I mention the changes to childcare, which will benefit so many people in my city. I declare an interest as the father of a three-year-old who is currently at nursery. Support for our pubs, through the new draught relief, will help many struggling pubs. Of course, we will make sure that we invest in places with potential, and Peterborough is at the very top of that list.