Budget Resolutions and Economic Situation

Robert Syms Excerpts

Monday 8th March 2021 Commons Chamber

[Sir Robert Syms (Poole) (Con)]

I welcome the Budget. The Treasury has had a particularly difficult time trying to do what it can to assist in this crisis, and I think it, and the British system of government, has done extremely well. Universal credit has worked well. Furlough has worked well. The self-employment income support scheme has worked well. There is some argument about where the boundaries are drawn, but from the point of view of the IT and getting the cheques out to people, it has worked pretty well. It is amazing that we have got through the crisis without the levels of unemployment that were once feared. One of the most pleasing things about the OBR forecast is that it looks as though although unemployment will go up in the next few months, it will peak at a lower rate and, towards the end of this Parliament, start to get back to where we were in the first place.

I am an optimist, and I am rather more optimistic than the OBR. I do not think we will have a budget deficit this year of £355 billion, which would require about £70 billion in the last two months. I do not think we will have a deficit of 10.4% next year and spend £250 billion. I think the economy, when the restrictions are lifted, will grow very rapidly indeed, because there is an awful lot of money sloshing around the economy. A lot of people I know want to go out to spend—to go to restaurants, buy a car or go on holiday. Once the restrictions are lifted and the degree of confidence from the vaccine goes through our country, things will move very rapidly. If there is a problem, it may be that there is so much money flowing through the system that it is chasing too few goods and we start to have inflation. Inflation has not been banished and we have to keep our eye on it. I think the deficits will be a little lower and the growth rates will be a little higher, and business will get back to growing rapidly when we lift all the restrictions.

My main plea to the Government is this: the data is going in the right direction more rapidly than people expected, and we have a pathway out of lockdown, so do not be afraid to bring it forward, as well as put it back if the data starts to turn bad. A lot of this debate has been about bailing people out, but what most people want is to get back to business, get back to work and get things running again. That has to be the key. We need to get back to normal as soon as possible, and vaccines and Government policy should do that.

BBC Regional Politics Coverage

Robert Syms Excerpts

Monday 22nd June 2020 Commons Chamber

[Neil Parish]

I thank my hon. Friend for that. He is my neighbour and it is great to have him here in this debate. I will forgive him for the fact that he has been part of the BBC; we will allow him that much. He raises an incredibly good point. Although we have got regional newspapers, all the time they are getting less. The Western Morning News is not a fraction of the size it was and the Western Daily Press is not what it was. When it comes to representing not only a given area, but a region, those newspapers are very weak compared with what they were.

[Sir Robert Syms (Poole) (Con)]

In addition, BBC local radio feeds into local television. As much of our media is London-centric, it does not always pick up what is going on out and about in the country. We have high-quality journalism and it picks up stories from the counties that otherwise would not be picked up.

[Neil Parish]

My hon. Friend is exactly right. Without being too controversial and repeating the debate we had for three years over Brexit, it could be argued that the BBC and the media generally were very London-centric, and that is why the result was different from the one expected here in London. It is not only its representing views but its representing political views that is sometimes found wanting.