(2 years, 2 months ago)
Commons ChamberThe Government’s failed mini-Budget sent interest rates soaring, which is already causing mortgage pain for millions, but rising borrowing costs are now threatening our high streets too. Small businesses in Richmond Park and across the UK are seeing their loan repayments spiral and their financing options dry up. We have already seen the highest number of company insolvencies since the financial crisis—more than 5,600 businesses closed in the second quarter of this year—and SME debt is now at a staggering £204 billion. Most of those businesses will not see a penny from the cut to corporation tax. What is the Chancellor—
(2 years, 3 months ago)
Commons Chamber(2 years, 8 months ago)
Commons Chamber(3 years, 6 months ago)
Commons Chamber(4 years, 2 months ago)
Commons ChamberMore than 90% of the UK’s manufacturing companies have kept working, even at the height of the pandemic, keeping food on supermarket shelves and medicines and ventilators in our hospitals. However, many of them will face a major crisis when the furlough scheme ends in a few weeks’ time. Demand is still incredibly low in some parts of industry, but Government support is being withdrawn. It is patently obvious that the well-paid and highly skilled jobs that we have in sectors such as aerospace and aviation should be the foundations of our future economic growth and the public will not forget it if the Government allow them to wither on the vine. As the voice of business within the Government—
Order. We cannot read out a speech. It has to be a question, very short and very brief. It is a supplementary.
May I ask the Minister, as the voice of business within the Government, what she is doing to ensure that these vital jobs and skills are being protected?