Oral Answers to Questions

Rebecca Smith Excerpts

Wednesday 12th March 2025 Commons Chamber

The Secretary of State was asked—

[Rebecca Smith (South West Devon) (Con)]

1. What assessment she has made of the potential impact of the rise in employer national insurance contributions on employment in Wales.

[The Secretary of State for Wales (Jo Stevens)]

I am sure the whole House will wish to join me in sending our deepest sympathy to the family, friends and neighbours of Joanne Penney, who was callously murdered in Talbot Green on Sunday. It is a shocking and horrific crime.

We have protected the smallest businesses and more than doubled the employment allowance to £10,500, meaning that over half of small and micro businesses will pay less or no national insurance contributions at all. In Wales, small and medium-sized companies account for 99.3% of total enterprises.

[Rebecca Smith]

Businesses across Wales, like those across my constituency of South West Devon, are being hit not only by Labour’s job tax but by the increasing minimum wage, rising costs and other business tax increases. Each of those alone would force many to reduce their workforce, but the combination of all three means that businesses are thinking twice about filling job vacancies or creating new posts. What reassurances can the Minister give to businesses across Wales, and to companies such as Serpells in my constituency, that their business has a promising future between now and the next election, when the Labour Budget shows them the complete opposite?

[Jo Stevens]

If the Conservative party cares so much about employment and business in Wales, perhaps the hon. Lady should explain why her colleagues in the Senedd voted last week to block thousands of new apprenticeships and more than £300 million of support for businesses in Wales. Her party voted against that.