Oral Answers to Questions

Peter Fortune Excerpts

Monday 8th December 2025 Commons Chamber

[Harriet Cross (Gordon and Buchan) (Con)]

2. What assessment he has made of trends in the level of unemployment.

[Peter Fortune (Bromley and Biggin Hill) (Con)]

22. What assessment he has made of trends in the level of unemployment.

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[Dame Diana Johnson]

The hon. Lady might not know this, but I joined the team in September, so I will have to find out. I am happy to write to her about when the last meeting in that area took place.

[Peter Fortune]

I recently heard from Bill Perera, who runs a franchise of McDonald’s in my constituency of Bromley and Biggin Hill. He runs nine restaurants and employs nearly 800 people, 70% of whom are aged 16 to 24. He wants to increase this pathway and opportunity into employment for young people, but he is finding it increasingly difficult, because of the increased national insurance contributions. Does the Minister agree that one way to reduce unemployment would be to reverse this disastrous policy?

[Dame Diana Johnson]

The hon. Gentleman will know that, for under-21s, there are no national insurance contributions that are payable by an employer. I fully recognise that McDonald’s provides good-quality work for young people and is often their entry into the workplace. I am keen to work alongside employers. That is why we are looking at the jobs and careers service and how best we can engage with employers to ensure that they have a pipeline of young people who are ready to work and can get into those jobs, which is what the gentleman at McDonald’s to whom the hon. Gentleman has just referred is looking for.

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[The Parliamentary Under-Secretary of State for Work and Pensions (Andrew Western)]

I thank my hon. Friend and constituency neighbour for his question and for highlighting the record of the Conservatives on this issue. He knows that I know his constituency well. I also know the work of Nacro well, and I take this opportunity to commend that organisation. Youth hubs such as this one—along with our youth guarantee and other interventions—are a really important part of this Government’s work to bear down on young people not in education, employment and training.

[Peter Fortune (Bromley and Biggin Hill) (Con)]

T5.   I have recently been contacted by constituents who are concerned that local jobcentres are not doing enough to get people back into work. What more can the Minister do to ensure that sufficient support and training help people back into employment?

[The Minister of State, Department for Work and Pensions (Dame Diana Johnson)]

The hon. Gentleman raises an important point. The transformation of our jobs and career service will provide wraparound support to individuals who are looking for work or career development. We want to change the feel of jobcentres so that they are about supporting people, rather than having people go in just to comply with benefit conditions.

International Investment Summit

Peter Fortune Excerpts

Thursday 17th October 2024 Commons Chamber

[Peter Fortune (Bromley and Biggin Hill) (Con)]

I pay tribute to those who have made their maiden speeches today. I think we all felt the passion and emotion in the beautiful speech by the hon. Member for Congleton (Mrs Russell). She has given me an idea: when I am out in Keston this weekend, I might recommend to the residents that we get ourselves a village bear—although I can hear my daughter recommending that we get ourselves a village Harry Styles; that would probably be preferred. The hon. Member for Ossett and Denby Dale (Jade Botterill) spoke passionately about representing the place that she called home. The idea of “Pie Hard” is what I am looking forward to—a Bruce Willis remake in the rolling hills of Yorkshire would be most enjoyable. I congratulate both Members on their maiden speeches.

I will continue being nice to the Opposition—

[Kevin Hollinrake]

The Government!

[Peter Fortune]

Yes, the Government—I have picked up that habit from my hon. Friend and I do apologise.

I am impressed by what has been achieved at the international investment summit. Within weeks of allegedly receiving the worst economic inheritance of any incoming Government since the second world war, Labour has supposedly secured billions of pounds of investment. That is frankly unbelievable, and not because I doubt our country’s ability to attract investment. Britain is a tremendous place to invest, as a wealthy, free, fair and talented nation where people can do business and thrive. That is why Britain’s foreign direct investment stock grew to more than £2 trillion throughout successive Conservative Governments—more than France, Germany and Italy combined. My scepticism is about the idea that the Government, who appointed a Minister for Investment only four days before the summit, secured every penny of the investment. As anyone in business will tell us, the devil is in the details, and a quick inspection will confirm that most of the investment was in progress thanks to the last Conservative Government.

Let us look at clean energy, for example. Britain secured much of the investment that the Government claim credit for thanks to a Conservative policy: contracts for difference. Without that market mechanism, under which investors bid for a guaranteed price, we would not have secured as much investment as cheaply for bill payers. It is why we have the world’s four largest offshore wind farms off our coast, why renewables generate 44% of our electricity today compared with 7% in 2010, and why the UK was able to close its last coal-fired power plant this year. That is a Conservative record, as much as Labour might envy it.

The Government have done the easy bit in tallying the figures and taking credit for someone else’s work. Admittedly, that is a harder task when No. 10 is in such disarray and the Minister had only two days to prepare for the summit. In fairness, only time will tell if the summit was a success and the relationships built there lead to more investment beyond what was already on its way. But that is the hard bit, because to secure more investment and compete globally, Britain needs to be light on regulation and low in taxes. Although the Prime Minister talked about removing “needless regulation” and being “open for business,” his Government’s actions say otherwise. Despite Labour’s explicit manifesto pledge not to increase national insurance, the Chancellor is drawing up plans to hike the tax for employers. Make no mistake: that would be a tax on jobs, and would make it more expensive for firms to hire, which would impact on businesses big and small, including in my constituency—from Bombardier in Biggin Hill to pubs and cafés in Hayes and the Churchill theatre in Bromley.

The tax hike may fall on employers, but working people will pay the price as job opportunities shrink and pay rises are limited. The hands of businesses will be tied further by what the Government themselves brand the biggest increase in employment regulation in a generation. While the Government plan to tax jobs and pass French-style union laws, a Cabinet Minister took a more explicit anti-business approach. The Transport Secretary admitted that she has been boycotting a ferry company for two and a half years, and encouraged others to do the same. While the Prime Minister glad-handed investors— promising less red tape and openness to business, and was careful to mention tax only once—his Government are delivering exactly the opposite.

Britain faces a more significant problem: keeping up as technology advances. Leading on artificial intelligence, quantum, engineering biology or semiconductors is vital to our future prosperity and security, but we face considerable challenges in doing so. For example, Britain is home to the largest number of foundational models and generative Al start-ups in Europe, but we lack the compute power that we need to build and run Al models. The previous Conservative Government recognised that problem and planned to build a new supercomputer in Edinburgh 50 times more powerful than our current top-end system, but Labour has now cancelled that £800 million investment. That is yet another example of Labour’s actions not matching its rhetoric.

The Government cannot be in favour of growth while cancelling investment. They cannot cut regulations while planning huge increases in red tape for employment. They cannot support jobs while preparing to tax their creation. And they cannot claim to have the worst economic inheritance while copying and championing the work of their Conservative predecessors. If the Government do not get their story straight, investors will almost certainly stay away.

[Madam Deputy Speaker (Judith Cummins)]

I call Callum Anderson to make his maiden speech.