(9Â months, 1Â week ago)
Commons Chamber
The Parliamentary Under-Secretary of State for Business and Trade (Blair McDougall)
I beg to move an amendment, to leave out from âHouseâ to the end of the Question and add:
ânotes the Governmentâs strong support for small and medium-sized businesses, including those employing seasonal workers; further notes that the Governmentâs Employment Rights Bill will help seasonal workers by bringing the UKâs outdated employment laws into the 21st century; welcomes the policy paper entitled Backing your business: our plan for small and medium sized businesses, which sets out a comprehensive vision for productivity and success; further welcomes action to tackle late payments through the introduction of the toughest laws in the G7, helping SMEs maintain cash flow during peak periods; supports measures to cut energy bills for SMEs through investment in clean power and reducing levies; commends investment in high streets via the Pride in Place fund, boosting footfall for seasonal trade; also notes consultations to reduce burdens on hospitality businesses; and further commends targeted support through the Business Growth Service to help SMEs access skills, finance and growth opportunities.â
Around this time every year, I like to re-read âA Christmas Carolâ. Last night, I read that passage from Dickens where the protagonist says:
âevery idiot who goes about with âMerry Christmasâ on his lips, should be boiled with his own pudding, and buried with a stake of holly through his heartâ.
I have to say that the tone of the shadow Ministerâs speech made Ebeneezer Scrooge sound positively festive!
The Government recognise that it has been a hard few years for business. Despite the appalling economic legacy the hon. Gentlemanâs party left us, in this festive period we can look forward to the new year with a sense of optimism. Living standards are rising and wages are growing faster than prices. The Productive Business Index found, a few days ago, that nearly three quarters of small businesses expect revenue increases over the next three months and nearly two thirds have seen rising order volumes in the last three months. The hon. Gentleman mentions, as did other Members, Small Business Saturday. Small Business Britain reports that spending during Small Business Saturday last weekend was the highest it has been in five years.
Despite what the hon. Gentleman says, I ran a business for a decade and I know how hard the last decade was. [Interruption.] It would be immodest to agree with what he says from a sedentary position.
On Saturday last, I was in Herne Bay on Mortimer Street, where there is an absolutely fabulous toy shop called Kids Korner. It was empty. I said to them, âHow are you doing?â They said, âThe shop is empty, the street is empty. Nobody is spending any money.â The hospitality industry is on its knees. The hon. Member for Canterbury (Rosie Duffield) and I attended a roundtable recently, where every single person present said that they were having a hard time, and some were in danger of going into liquidation. I raised this example in the House earlier this week: one chain of 25 cafĂ©s, which employs young people, had a profit of ÂŁ12 over the last 12 months. That is due entirely to this Governmentâs policies.
Blair McDougall
The right hon. Gentleman hits the nail on the head when he talks about people not spending money. That is exactly why this Labour Government are taking action to put money into peopleâs pockets. We must recognise that a big part of why it has been such a difficult 10 years for business were the stagnating living standards and stagnating wages under his Government. I know that hospitality, leisure and retail, which have very thin margins, have been hit especially hard by the pandemic, the cost of living crisis and changes in shopping habits, but that is why we recognised that and published, for the first time in a decade, a Government strategy for small businesses. It is why we are putting more money into peopleâs pockets. It is why fiscal credibility, which the Conservatives just do not seem to value at all, matters to our constituents.