Oral Answers to Questions

Debate between Robert Largan and Rishi Sunak

Tuesday 2nd November 2021 Commons Chamber

[Rishi Sunak]

We did have a measure in last week’s Budget to support the hospitality sector with its recovery, and that is the £1.7 billion cut to business rates next year. That represents the largest single-year cut to business rates in more than 30 years outside of the coronavirus. It provides a 50% discount to hospitality businesses, which I know are important to our local communities. I am sad that the hon. Member did not raise the not one but two levelling-up fund bids that Liverpool enjoyed last week, which I know will also help to regenerate parts of the city and provide improved transport connections to benefit local businesses.

[Robert Largan (High Peak) (Con)]

T3. Last week’s Budget included lots of positive news for the High Peak, such as the tax cut for the lowest paid and the 50% business rate relief for the high street. However, plenty of other towns across the north were celebrating additional millions of pounds of investment through the levelling-up fund. Unfortunately, High Peak was not one of those areas because High Peak Labour council failed to submit a bid on time. It has now agreed to submit a bid and I am keen to work on a cross-party basis with it, but can the Chancellor assure my constituents that there will be a second round and that High Peak will still be treated as a top priority for levelling up?

[Rishi Sunak]

I am happy to provide my hon. Friend with that reassurance and I hope that his council engages constructively with him, as so many others have and have seen the benefits of that in last week’s announcements. We will open round 2 in due course and it will most likely launch no later than the spring. I can tell him also that we have no plans to change the current way that we assess the priority categorisations, so High Peak should remain as it was.

Spending Review 2020 and OBR Forecast

Debate between Robert Largan and Rishi Sunak

Wednesday 25th November 2020 Commons Chamber

[Rishi Sunak]

Some £1 billion has been provided to local authorities across the country to support their businesses and local economies as they see fit. That funding has, of course, been made available to the hon. Gentleman’s local authority. If that is how it chooses to use the funding, that is up to the local authority. We have provided a range of different support, whether loans, access to our more generous welfare system or mortgage holidays that, in the end, one in six mortgage holders used. Those are all ways by which we have tried to do our best to provide support to the largest number of people possible.

[Robert Largan (High Peak) (Con)]

I wholeheartedly welcome the announcement that doctors, nurses and NHS workers will be getting a pay increase. This crisis has shown that we desperately need to invest in our urgent care capacity. That is why I have been campaigning for new urgent care centres for both Tameside Hospital and Stepping Hill Hospital. Will the Chancellor confirm that the Government remain 100% committed to the NHS hospital upgrade programme?

[Rishi Sunak]

My hon. Friend is absolutely right. On top of the existing in-year funding we have provided to deal with winter pressures for A&E, the spending review confirms £3.7 billion of funding over the next few years to deliver both the 40 new hospitals we have talked about and 70 hospital upgrades. Rest assured; we remain completely committed to this programme.

Future of Financial Services

Debate between Robert Largan and Rishi Sunak

Monday 9th November 2020 Commons Chamber

[Rishi Sunak]

The hon. Gentleman asks about bold action on green measures. I have announced today that we will be the first major economy in the world to mandate the recommendations of the Task Force on Climate-Related Financial Disclosures, doing so across the economy by 2025. That demonstrates both boldness and leadership on this vital issue.

[Robert Largan (High Peak) (Con)]

Financial services are worth over £130 billion to the UK economy and support over 1 million jobs, two thirds of which are outside London, so I wholeheartedly welcome this statement. I also welcome the announcement on the sovereign green bonds. Can the Chancellor confirm that those bonds will fund crucial projects to tackle climate change, such as the restoration of the moorlands in the Peak district and vital infrastructure investment to improve public transport across the north of England?

[Rishi Sunak]

My hon. Friend is absolutely right. The transition to net zero will require enormous sums of capital to help finance it. Along with all the other market developments that it will catalyse, this bond will ensure that we can attract that capital into the UK to build the infrastructure we need.

Covid-19: Economy Update

Debate between Robert Largan and Rishi Sunak

Thursday 22nd October 2020 Commons Chamber

[Rishi Sunak]

When we outlined the original job support scheme, it was actually very warmly welcomed not only by various business groups, including the CBI, the Federation of Small Businesses and the chambers of commerce, but by the trade unions, because everyone at that moment recognised that it was a significant and generous intervention to protect the jobs and livelihoods of the British people. But the situation has changed. The health restrictions are having an impact, particularly in the hospitality sector, which the hon. Member for Oxford East (Anneliese Dodds) mentioned. That is why we have taken the steps that we have today. We are providing the certainty that she asked for, as this scheme will last for at least six months through to next spring. There is certainty over that. The grants we have outlined today will work on a monthly basis for as long as businesses are either in tier 2 restrictions or are closed under tier 3. Businesses can plan on that basis.

With regard to the Barnett consequentials, the Government will always ensure that people will benefit from this support wherever they are living in the United Kingdom. That is why we have provided an up-front guarantee to devolved nations worth £14 billion, which will help them also to plan at what is, I understand, a difficult time for everyone.

[Robert Largan (High Peak) (Con)]

I am really pleased that the Chancellor has listened and shown that this Government will always support the north. I am delighted that these tier 2 retrospective measures, such as the expansion of the job support scheme and the business grants, will make a massive difference to people living in Glossopdale in my constituency who have been under tier 2. On the business grants, may I urge the Chancellor to make certain that the money and the guidance on how that money can be used is made available to councils as soon as possible so that the businesses who need it can get it urgently and help to save jobs?

[Rishi Sunak]

My hon. Friend has been right to champion the situation for his local businesses. I know that they will warmly welcome this. I can give him the assurance that we will work as quickly as possible to provide the guidance. As I said, the grant value will be calculated on the number of hospitality, leisure and accommodation business premises, scaled by their rateable value. Added to that will be a 5% discretionary top-up, and then the local authority can use its discretion to allocate the money as it sees fit for its local area.

Economic Update

Debate between Robert Largan and Rishi Sunak

Tuesday 17th March 2020 Commons Chamber

[Robert Largan (High Peak) (Con)]

I represent the Peak District, where hotels, restaurants, pubs and the tourism industry in general are absolutely central to the local economy. I therefore welcome the economic measures announced, but people and businesses are struggling right now. So may I urge the Chancellor to make certain that loans and grants are paid and put into people’s bank accounts as soon as possible?

[Rishi Sunak]

My hon. Friend is exactly right. That is why the steps we are taking are designed to work at pace. Loan schemes will be available from early next week and the Communities Secretary is ensuring that the grant payments are processed as quickly as possible through local authorities in the coming days and weeks.