(2 days, 17 hours ago)
Westminster HallWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Perran Moon (Camborne and Redruth) (Lab)
I beg to move,
That this House has considered the impact of levels of global tin availability on the economy.
Meur ras, Mrs Barker. It is an honour to serve under your chairship once again for such an important debate, not just for the UK’s domestic energy security but for global climate change. We were expecting more numbers when colleagues thought this was a Tinder debate, but when I explained that it was a tin debate, the numbers dropped off slightly.
The ill-informed may associate tin with cans, but in fact our cans are made almost exclusively of aluminium and contain no tin. More learned colleagues will know that tin, which is used in virtually every electrical device, is increasingly indispensable in the technologies that underpin modern industries. The digital economy, the green economy and the artificial intelligence economy—tin is foundational to each. However, as with other critical minerals, the overconcentration of processing and supply among a small number of countries a long way from western Europe presents massive economic and geopolitical risks. While debates about critical minerals are often focused on lithium, tungsten, nickel and rare earths, tin is often inexplicably overlooked.
I have to declare an interest, not only as an officer of the all-party parliamentary group on critical minerals but as the MP for the constituency of the last tin mine in the country to close in 1998. However, it is not only in Camborne and Redruth that the stirrings of excitement are almost palpable. Every single Cornishman and Cornishwoman across the globe will celebrate the return of an industry that goes way beyond just a job. Cornish tin may invoke something far more visceral and emotional, but before becoming a little starry-eyed about the return of Cornish tin mining, I feel it is incumbent on me to highlight tin’s new practical applications, the strategic case for it and the opportunity that we have in this country to rise to the challenges of global supply constrictions.
About half of all tin is used as solder for electronics. It is simply unrivalled in connecting components on circuit boards, enabling electrical conductivity while preventing oxidation. As a result, it is integral to almost every piece of modern technology—every smartphone, laptop, data centre server, semiconductor, telecommunications network and advanced manufacturing system. They all totally rely on tin. Without tin, there are no circuit boards, and without circuit boards, there is no new industrial strategy.
The 21st-century growth sectors—those at the global technological cutting edge—are increasingly driving demand for tin skywards. Electric vehicles require up to three times the tin of a combustion engine vehicle. Tin demand for solar panels has trebled over the last five years. Tin is required in 5G infrastructure, emerging battery technologies and renewable energy.
Interestingly, tin is increasingly important in the development of AI. AI is often discussed in terms of software and algorithms, and less so the vast physical infrastructure that sits behind it, but from the racks to the power modules and networking switches, tin is essential to the physical architecture. In the fabrication of advanced AI chips, molten tin droplets are struck thousands of times per second by high-powered lasers as part of the extreme ultraviolet lithography process used to manufacture cutting-edge semiconductors.
As Governments and companies invest billions in data centres and computational capacity, demand for tin in the UK is soaring. In the growth-driving IS-8 sectors alone, demand is expected to grow at an average of 19%, year on year, until 2035. Between now and then, a cumulative total of more than 27,000 tonnes of tin will be required.
Here is the crux of the debate. Although demand is rapidly expanding, huge questions remain about the security and resilience of global supply. Extraction and processing are currently heavily concentrated in six countries: the Democratic Republic of the Congo, China, Indonesia, Myanmar, Bolivia and Peru. Those countries currently supply over 90% of primary production, while China alone refines more than half of global tin.
With that comes blindingly obvious risk. We have seen in the strait of Hormuz what happens when a state weaponises its control of a choke point in global supply. The ramifications spread rapidly through entire economies. With tin, the UK is even more exposed to such global shocks because we currently produce none. We have already seen what happens to pricing with localised disruptions over the past few years: Myanmar’s 2023 Wa state mining ban; export licensing issues in Indonesia; and military conflict in the Democratic Republic of the Congo.
Because the tin market is relatively small in volume compared with other metals, it is the least traded by volume on the London metal exchange. Those modest disruptions have fuelled massive price increases. In 2025, the tin price surged 40% and has rallied a further 34% this year to date, rising to nearly £40,000 a tonne. Come 2035, there will be an expected shortfall of 85,000 tonnes per year in global supply. I will say that again: come 2035, there is expected to be a shortfall of 85,000 tonnes per year in global supply.
The challenge with tin is also one of geology and ethics. Many producing regions are experiencing declining ore grades, often between 0.3% and 0.8%—I will come to it later, but the grade at South Crofty is well over 1%—and that means greater volumes of material must be processed to achieve the same output, which inevitably increases costs. At the same time, there are legitimate concerns about environmental impacts, labour standards and illegal mining activity throughout the global supply chain.
I ask the Government to recognise the following. First, tin is fundamental to our advanced economy. Secondly, demand for tin will continue to far outstrip the inherently risky global supply chain. Thirdly, therefore, tin production and processing should be considered of strategic national importance, and an investment case for a tin smelter, based on UK economic security, should be developed as a priority.
When it comes to UK critical minerals, we are falling well behind competitor states such as the United States, Canada, France and Australia. The US has announced more than $40 billion in funding for critical minerals projects since 2022, alongside major equity stakes in domestic mines. Our friends and neighbours in the member states of the European Union have committed more than €6 billion to critical mineral projects in this year alone. The UK has committed a tiny fraction of that sum.
In that context, I turn back west to Cornwall. For four millennia, Cornwall has supplied tin to Britain and the world. Tin mining is woven into our history, identity and DNA, nowhere more so than in my constituency of Camborne, Redruth and Hayle, where the old engine houses still grace our landscape.
Tin is once again one of Cornwall’s greatest opportunities. Anchored by £28 million of National Wealth Fund investment, Cornish Metals is on course to reopen the South Crofty mine that shut 30 years ago. Hopefully, that will be achieved in 2028. South Crofty has the highest grade of unmined tin in the world. It is expected to produce up to 4,700 tonnes annually, equivalent to up to 1.6% of globally mined tin production, which could meet the demand from Britain’s growing IS-8 sectors. That is one mine; there are hundreds of mines across Cornwall with critical minerals. The range of those critical minerals is yet to be defined, but there is an awful lot of exploration going on at the moment. Nationally, this offers an opportunity to strengthen domestic supply resilience, reduce dependence on overseas extraction and support the development of strategic industries.
For Cornwall, South Crofty could be transformative. My constituency of Camborne, Redruth and Hayle contains some of the most deprived neighbourhoods in the country. Weekly median wages are £95 less than average, and the number of young people claiming unemployment benefits has risen by 26% this year alone. The opening of South Crofty will directly support hundreds of skilled jobs and thousands more in the wider supply chain. Multiplying that by the number of mines shows the importance of critical minerals to the Cornish economy.
If we are serious about good growth being felt in every postcode, we must champion this kind of investment. I have previously raised concerns in the House about the UK’s domestic processing and refining capacity. At present, tin mined in Britain would need to travel to east Asia for processing before returning in a form that British manufacturers can use. That is economically, geostrategically and environmentally dire. What steps will the Government take to strengthen domestic critical minerals supply chains? What progress has been made in implementing the critical minerals strategy? What consideration has been given to supporting domestic processing and refining capacity? Can energy support schemes such as the British industrial competitiveness scheme play a greater role in ensuring that our critical minerals projects remain internationally competitive? I look forward to the Minister’s response.
Perran Moon
I thank everybody who has contributed to this debate. Perhaps next time I should actually advertise it as a Tinder debate, and we can educate people while they are here.
I will thank a few people specifically. My hon. Friend the Member for St Austell and Newquay (Noah Law) is very knowledgeable, particularly in the areas of midstream and downstream work; he talked about processing supply chains. Both he and my hon. Friend the Member for South East Cornwall (Anna Gelderd) mentioned the Kernow industrial growth fund. Right now, that fund is being used for exactly what it was designed to do—to support some exploratory mining opportunities, among other commercial opportunities in Cornwall. He also mentioned unblocking planning and permitting issues, which we need to take on board.
My hon. Friend the Member for South East Cornwall is a superb champion for Cornwall Resources, which is doing amazing things to maximise the opportunity in tungsten. She talked insightfully about the local benefits, including in relation to the skills agenda. We really need to tie that agenda in with our devolution deal, which I know the Prime Minister has mentioned several times in the last 48 hours. For us in Cornwall, the skills agenda will be critical—excuse the pun—to maximise the opportunities in this particular sector.
I totally agree with the Liberal Democrat spokesman, the hon. Member for Maidenhead (Mr Reynolds), about the exploration that is urgently needed on these critical minerals. I heard what the Minister said, but we are not just talking about tin, tungsten and lithium, the three we know about at the moment; we know from previous records that we also have nickel, cobalt, uranium, silver and many others, but we need the data that exploration can provide and we need support in that regard.
The Opposition spokesperson, the hon. Member for Grantham and Bourne (Gareth Davies), clearly grasps the importance of Cornish tin mining. He also mentioned energy costs; perhaps that is a debate for another day but, because of our Cornubian batholith, which is the granite formation on which Cornwall sits, we have vast geothermal opportunities. We are looking at whether there is a commercial case to make use locally of that geothermal energy to drive some of our industrial regeneration.
I have already mentioned the importance of aligning this issue to the devolution deal. Really, this debate was more of a clarion call to Government to focus very closely, not only on lithium and tungsten, but on a huge opportunity within the tin sector across the whole of Cornwall.
Finally, I warmly extend an invitation to the Minister to visit the South Crofty tin mine.
Question put and agreed to.
Resolved,
That this House has considered the impact of levels of global tin availability on the economy.
(1 month, 4 weeks ago)
Westminster HallWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Dave Robertson (Lichfield) (Lab)
I beg to move,
That this House has considered e-petition 764785 relating to support for the ceramics industry.
It is a pleasure, as ever, to see you in the Chair, Dr Murrison. Before I get going, I declare that I am a member of the general, municipal and boilermakers union, the GMB.
It is a particular pleasure to introduce this debate as a ceramics MP, and I add my full-throated support to the petition and its aims. My constituency of Lichfield, Burntwood and the villages is home to Armitage Shanks, a company that for more than 200 years has been manufacturing bathroomware in the village of Armitage, from which it takes its name. The identity of the village is inextricably tied up with the company, but, sadly, my constituents will fully recognise the petition’s characterisation of a struggling ceramics sector, because like so many of our British ceramics businesses, Armitage Shanks has been suffering, despite the best efforts and hard work of its brilliant staff.
Earlier this year, the firm—now owned by Villeroy & Boch, a German manufacturer—was forced to close one of the kilns at its site in a bid to keep the business internationally competitive. That closure has had a real impact on the community, with 100 jobs lost as a result, and it is a reminder that when our heritage ceramics brands are struggling, it is about not just our country’s manufacturing history and the heritage of the areas that support those businesses, but present-day jobs, skills and livelihoods. I have visited the Armitage site multiple times in recent months, and the concerns that I have heard over and over again from workers there and from their union, the GMB, fully echo the petition.
The job losses at Armitage Shanks are, sadly, just one example of the pressures that the sector faces. In 2025, we lost two ceramics firms in Stoke-on-Trent, Royal Stafford and Heraldic Pottery, a blow that went right to the heart of that city’s identity. Last month, the final pieces of pottery rolled off the production lines at Denby in Derbyshire, which was a sad moment for many people, especially my hon. Friend the Member for Amber Valley (Linsey Farnsworth). In March, the iconic British brand, known around the world for quality manufacture and design, entered administration. Its collapse has also led to more than 100 skilled workers losing their jobs.
Thanks to one of those workers, Hayley, we are here to debate this motion. I am very glad to see her in the Public Gallery today. I congratulate her on her first week in a new position that she found elsewhere, but I am sure she would have liked to go to it in rather better circumstances. I am sure that I speak for all right hon. and hon. Members in the Chamber when I say that British ceramics is richer for retaining her experience and passion in the industry.
Hayley’s petition could not be more timely. We met ahead of the debate to discuss her concerns, which echo the worries that I hear from the constituents, businesses and unions in my area, and which I and other ceramics MPs gathered here today have been pressing the Government on. I am not surprised to see so many hon. Members joining us, because almost 110,000 people signed Hayley’s petition—more than 10% of them coming from just seven constituencies.
This issue is very much centred on Staffordshire, Derbyshire and Nottinghamshire, and the people in our areas care deeply about it. Hayley’s petition recognises that much of the ceramics sector in our country is in crisis. As she warns, “soaring industrial energy costs” have left businesses
“at the risk of imminent collapse without urgent intervention”.
Ceramics manufacturing relies on high levels of electricity and gas, and when their prices rise here in the UK, our businesses are put at a competitive disadvantage on the international stage.
Perran Moon (Camborne and Redruth) (Lab)
I thank my hon. Friend for giving way in this debate, which is clearly important not only to his particular area, but to UK manufacturing more widely. On the challenges of energy costs, the ceramics industry has suffered similar challenges to the critical minerals sector, specifically the tin mining and processing sector in my Camborne, Redruth and Hayle constituency. Does he agree that the Government must go further and faster to replicate some of the support that has been afforded to the ceramics industry for critical minerals?
Dave Robertson
My good and hon. Friend is right to raise the importance of energy costs to industry across the United Kingdom. Ceramics, though, is the hardest industry to decarbonise. It is therefore right that the Government are looking at a specific carve-out for ceramics, especially given its geography.
Returning to the problem so ably diagnosed by Hayley, she has also offered a solution. The petition calls on the Government to urgently review the British industry supercharger—a scheme that helps energy-intensive businesses including steel, chemicals and paper manufacturers with their electricity costs. She calls for that to be extended to the ceramics sector. During the last few months, Denby has said that relief through the supercharger scheme would have saved the company, but currently, ceramics businesses are falling through the cracks of the scheme.
(3 months, 2 weeks ago)
Commons Chamber
Perran Moon (Camborne and Redruth) (Lab)
Meur ras ha myttin da, Mr Speaker. Over 95% of Cornish businesses are small or microbusinesses. We are a hotbed of innovation and agility, but these Cornish businesses have been supported over the last 10 years with European Union objective 1 funding and shared prosperity funding, both of which have ended, and there is zero chance of Cornwall joining an English mayoral combined authority, so can the Minister outline how we can protect our innovative and agile micro and small businesses?
(5 months, 3 weeks ago)
Commons Chamber
Perran Moon (Camborne and Redruth) (Lab)
The UK economy needs more and more critical minerals, and in Cornwall we have loads of them. Private capital has flown into the duchy on the back of the Labour Government’s investments of about £100 million through the national wealth fund and the Kernow industrial growth fund, but will the Minister update the House on Government plans to unlock more private investment in our critical minerals sector to unleash the Cornish Celtic tiger?
(7 months, 2 weeks ago)
Westminster HallWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Following on from the hon. Member’s intervention, there is an opportunity in the animal welfare strategy announced by the Government over the Christmas period. I feel that it does not go far enough in detailing what could be put in place specifically to deal with fireworks in the context of animal welfare over the rest of this Parliament.
Perran Moon (Camborne and Redruth) (Lab)
Sitting on the Opposition side of the Chamber, I find it difficult to listen to the hon. Member saying what could and should be done now, given that for 14 years a lot of this stuff could have been done but was not. However, my point is this: he has talked about domestic animals, farm animals, veterans and the elderly, but one group that has not been mentioned also needs to be considered—wild animals. Does he agree that we must also consider the perhaps unseen impact of these very loud fireworks on wildlife?
The hon. Gentleman makes a good point, because a lot of this issue is about data collection. It is very easy to collect data and to demonstrate the impact of fireworks on pets and farm animals; it is much more difficult—almost impossible—to demonstrate the impact on wild animals. Even the data about pets and other kept animals is few and far between so it is less easy to demonstrate to the Government that action needs to be taken. Nevertheless, I urge the Minister to consider the impact on all animals of fireworks being let off.
The current legal limit for loudness of fireworks is 120 dB, which is equivalent to being at a rock concert or standing next to a police siren. By contrast, 90 dB, although still not quiet, is equivalent to a busy restaurant or a hairdryer. It is completely reasonable to suggest reducing noise levels to something more considerate—indeed, 85 dB is the threshold at which humans experience hearing damage. Reducing noise would mean that private fireworks displays could continue, but with be a reduced risk of distressing animals or inconveniencing neighbours.
(9 months, 1 week ago)
Commons Chamber
Chris McDonald
I start by saying that if there are indeed any spelling or factual errors in the document, I offer my apologies to the House; that is clearly unacceptable, and I will ensure that any corrections are made and that a new copy is laid before the House. I thank the hon. Lady for bringing those matters to my attention.
On the substantive issues raised by the shadow spokesperson, the point about China is clearly very important. The Government are well aware of China’s dominance of critical minerals supply chains. In some areas—particularly in processing, as she will be aware—China controls 70% to 90% of the market. Our critical minerals strategy is designed precisely to provide greater diversity of supply, both at home, through primary and secondary extraction where we have the materials to do that, and through our G7, G20, NATO partners and others, as I mentioned in my statement. A critical point to note is that the supply of secondary raw materials is a natural resource that the UK has. We currently offer those resources for processing overseas, which are then returned to the UK at considerable cost. A focus of this strategy is ensuring that we have those resources in the UK.
The shadow spokesperson mentions electricity bills. I think that my statement is best read in conjunction with the written statement on the British industrial competitiveness scheme, which aims to reduce electricity bills for industry by 25% compared with current levels—a reduction of £40 per MWh. The British industrial competitiveness scheme and the critical minerals strategy are both part of this Government’s relentless focus on growth and our success in attracting inward investment.
As to the points about taxation, I am afraid that the hon. Lady will have to wait 48 hours for the Budget.
Perran Moon (Camborne and Redruth) (Lab)
Meur ras, Madam Deputy Speaker. Anyone who has visited my Camborne, Redruth and Hayle constituency cannot have missed the signs of our industrial past, but after decades of post-industrial deprivation, global demand for critical minerals is surging to accelerate the transition to a clean energy future—opposed entirely by Reform—and with our unique geology, Cornwall is at the epicentre of the opportunity. The geology has not changed, but the market is back with a Government who get it. This Labour Government have published a strategy with teeth, with targets for domestic production, a new growth minerals list and £50 million in funding. Does the Minister agree that investment must flow into Cornwall to create jobs, reduce the reliance on China that was allowed to run rampant under the Conservatives and, in so doing, unleash the Cornish Celtic tiger?
Chris McDonald
Meur ras to my hon. Friend. He has been such a strong champion of critical minerals, so it is a pleasure to hear from him today, and it is no wonder that we have, given that Camborne and Redruth is already home to the Crofty tin mine and has great opportunities for lithium extraction as well, holding Europe’s largest deposit of lithium. I believe that this will mark the launch of a renaissance in the mining industry in Cornwall—an industry that has so much to bring to Cornwall and that the Cornish people love so well for the jobs it brings and the pride it gives to communities too. All the work in this strategy would simply not have been possible without the support of my hon. Friend and his fellow MPs from Cornwall. I look forward to finding out more about the opportunities in Cornwall when I visit tomorrow.
(9 months, 2 weeks ago)
Commons Chamber
Perran Moon (Camborne and Redruth) (Lab)
The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Chris McDonald)
I know from my time in industry that what business and industry need in order to invest is certainty, and this Government have provided that certainty. Over £52 billion of private sector investment has been won into clean power, thanks to the certainty of our clean power mission. That is why the Conservatives’ decision to trash our reputation as climate leaders was roundly rejected by business groups and the energy industry. We are delivering jobs and growth; they would put all of that at risk.
Perran Moon
Critical minerals are essential to power our renewable energy future. Since the general election, the National Wealth Fund has invested £28 million into the South Crofty tin mine and £35 million into Cornish Lithium, both in my constituency of Camborne, Redruth and Hayle. This is alongside major clean energy investment nationwide, including £33 billion from SSE, with 80% of that going into upgrading the UK’s power grid. Does the Minister agree that this is exactly the kind of long-term investment that we need, using public funding to crowd in private investment, which was inexplicably ignored by the Conservatives and would be cancelled by Reform?
Chris McDonald
The Government recognise the important role of the public sector and private sector working together to unlock these benefits, such as in critical minerals, as my hon. Friend mentioned. I thank him for his invitation to visit some of the companies that he mentioned in Cornwall, and I look forward to taking up that opportunity for a visit very soon.
(10 months ago)
Commons ChamberIt is quite extraordinary; after just a couple of weeks in the job, I have announced £230 million of deregulation every year—£1 billion-worth between now and the next general election—and what do the Conservatives do? They say that we are not going far enough. They had 14 years; I have had a couple of weeks! It is about time they started coming up with better questions, and stopped criticising a Government who act where they failed to.
Perran Moon (Camborne and Redruth) (Lab)
Meur ras, Mr Speaker. Spinning out of the industrial strategy is the eagerly awaited critical minerals strategy, the launch of which will happen in due course—or dreckly, as we say in Cornwall. It is of particular interest to my constituency. Canada, the US and Australia have already established new mineral exploration funds. Such funds support junior exploration companies in building up energy security and contributing to export-led growth. Is the Department considering such a fund as part of the critical minerals strategy?
Chris McDonald
I thank my hon. Friend for his continued advocacy for the Cornish critical minerals industry—in fact, I thank all our fantastic Cornish MPs. He knows that the critical minerals strategy is eagerly anticipated in Cornwall and across the UK. The minerals in Cornwall are crucial to the future of our critical minerals industry and the security of the UK. We have the largest lithium deposits in Europe; we need to take advantage of that. We will look at all options to ensure that we get the financing to exploit those minerals.
(1 year, 1 month ago)
Commons ChamberWe heard during our SME consultation that one of the biggest issues facing small and medium-sized businesses that want to scale up relates to access to finance. Indeed, since 2011, the stock of bank lending to SMEs relative to GDP has fallen by around 50%, which graphically demonstrates the significance of my hon. Friend’s point. We have been working closely with Treasury colleagues in particular, and when we launched the industrial strategy, we also launched a funding arrangement for the British Business Bank that will provide £4 billion of capital to our high-growth innovative businesses to ensure that they remain anchored in the UK and are able to scale up here.
Perran Moon (Camborne and Redruth) (Lab)
As we have heard, the industrial strategy is a plan to lift every part of the country, and it specifically recognises clean energy opportunities for offshore wind and nuclear in the great south-west. The strategy also highlights foundational industries relevant to its eight sectors’ supply chains, including spotlighting critical minerals clusters in Cornwall. It included the launch of a new UK Export Finance loan guarantee scheme for domestic suppliers selling critical minerals to UK exporters. The upcoming 2025 critical minerals strategy will aim to secure a steady supply of minerals, optimising domestic resources and enhancing international collaboration.
Perran Moon
As the Secretary of State mentions, with its vast renewable energy and critical mineral resources, Cornwall is uniquely positioned to become a key driver of UK economic growth. Although the industrial strategy emphasises the role of mayoral strategic authorities and city regions, particularly in the north and midlands, does the Secretary of State agree that Cornwall’s immense industrial potential must not be overlooked, and can he reassure me that unleashing the Cornish Celtic tiger with the economic investment that we need is not contingent on joining a mayoral combined authority?
I can give my hon. Friend that assurance. I was dismayed this morning to wake up and hear the Reform party actively arguing for less investment in Britain and telling businesses they should not invest in the UK. I find that absolutely absurd. There are a whole range of tools for local areas to shape their economies in the industrial strategy. Some relate to mayors, but many do not. It has the mix of tools that is required to unleash the potential of every part of the country, including his own.
(1 year, 5 months ago)
Commons ChamberI would like to address the hon. Lady’s point that being pro-worker is pro-business. We Conservative Members believe that. The only problem is that this legislation is not pro-worker or pro-business. It will drive up unemployment and the regulation of businesses. The workers whom she purports to represent and support are exactly the people who will suffer as a result of this legislation. We Conservative Members absolutely get that.
I will talk in favour of amendments on the political fund, new clause 88 and amendments 291 and 299, and will refer to access to the workplace. I refer Members to my entry in the Register of Members’ Financial Interests, not least because I worked in a small family business and retain an interest in the family business. Also, before being elected, I was president of the Greater Birmingham chamber of commerce, one of the largest and oldest chambers of commerce in the country and the world, representing thousands of small businesses.
Let us be in no doubt: this is a terrible piece of legislation. It is a love letter from the Labour Government to trade unions, and it will lead to a trail of socialist carnage and destruction that will leave the country reeling for many, many years to come. It harms business, undermines employment, will drive up unemployment and will do nothing to increase growth or investment in the United Kingdom, the purported aims of the Government. In fact, the Government’s original impact assessment, when the Bill was first introduced, talked about the cost to business being about £4.5 billion, reaching almost £5 billion. We are yet to see the impact of the new amendments—a further move to a more socialist version of the Bill—and their cost to businesses.
The right hon. Member for Birmingham Hodge Hill and Solihull North (Liam Byrne), who is a friend and neighbour, talked about the modern workplace. I agree that the workplace has changed since the 1950s and even the 1970s, but the Bill will take the workplace back to the 1970s. It fails to achieve a balance between working people and businesses, and a relationship between trade unions and businesses. In fact, it goes way, way down the line in favouring trade unions, and it makes it much harder for people to run businesses. When I was president of the chamber of commerce, I was perfectly fine with trade unions and having good relationships with them. I had friends who joined trade unions, even though they were not in a unionised workplace. I encouraged it. They needed representation, and I thought it was a good thing to do. I have no problem with trade union relationships in the modern workplace, but a balance must be achieved.
A comment was made about economic units. Economic units are the businesses that create economic growth. Of course workers are really important. My employees were really important to me, because my business could not run without them. The majority of business owners recognise that. Conservative Members recognise that there is a symbiotic relationship between the people who run businesses and the employees who work in them. Those individuals running businesses are drivers of economic change. They are innovators who come up with the ideas. They are the risk takers who turn a profit, which pays the taxes that fund our public services. Unfortunately, the Bill does not recognise any of that. In fact, businesses are anxious and are worried about what it is introducing.
They are absolutely are. The Deputy Prime Minister, when challenged to name a business that supported the Bill, could not do so. [Interruption.] I am sure the hon. Member will have an opportunity to speak on the matter in his own way.