Susan Murray
Main Page: Susan Murray (Liberal Democrat - Mid Dunbartonshire)Westminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
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Susan Murray (Mid Dunbartonshire) (LD)
I thank you for chairing this debate, Mr Dowd, and I thank the hon. Member for Glasgow East (John Grady) for bringing this important topic to Westminster Hall. I thank all colleagues for their contributions—we are definitely stronger together. Building on the talent and experience in Aberdeen, by developing new industries with the support of the best universities in the world, can only help us to secure investment for the future, using Scottish talent and supporting areas of our economy such as the hospitality industry.
Scottish Government figures show that 338,000 small and medium-sized enterprises operate in Scotland. Those SMEs have created an estimated 1.2 million jobs, or 56% of private sector employment, and 42% of private sector turnover as of March 2023. Despite their economic contributions, small businesses are in decline in Scotland. Both the SNP Scottish Government and the previous Conservative UK Government have implemented policies that have resulted in high energy costs and a challenging economic environment, preventing SMEs from thriving.
The previous Conservative Government mishandled the economy and jeopardised public finances, which halted economic growth and increased the cost of our debt. Their bungled Brexit deal has harmed the economy and increased costs for businesses, with 38% of SMEs reporting that the UK’s exit from the EU has been a major obstacle to their success. Further compounding these challenges, the SNP cut more than £23 million from net zero and energy spending, breaking its promises and reducing crucial investment in renewable energy infrastructure. That decision directly impacted opportunities to lower energy costs for businesses, despite the fact that 72% of SMEs identify energy expenses as a significant obstacle to their success.
In my Mid Dunbartonshire constituency, some small businesses are facing electricity standing charges of £16 a day. The Scottish Chambers of Commerce quarterly economic indicator for Q3 2024 highlights anxieties about taxation in Labour’s autumn Budget. Pressures on cash flow and profit margins are already limiting growth and squeezing profits for businesses. Scotland, which hosts some of the largest wind farms in Europe, not only faces high energy costs for consumers, but fails to produce even a single wind turbine blade domestically. That fact is tied to the mismanagement of public contracts, including handing over £50 million to a firm that immediately collapsed, leaving no solution or recovery plan in place. Such setbacks not only undermine progress on renewable energy in Scotland, but limit the potential benefits for local businesses and communities.
Business and consumer confidence in Scotland is falling, but as a Liberal Democrat I am optimistic for Scotland’s future. The Liberal Democrats are committed to investing in innovation and skills to boost economic growth and create good jobs. We want to invest in community health services and fix the crisis in social care to get more people back into work. We want to ensure stability, certainty and confidence in public finance, while reducing the national debt as a share of GDP and maintaining essential investments such as those into our green transition. Finally, we are dedicated to repairing our fractured relationship with the European Union, restoring the benefits it once gave to Scottish businesses as well as to individuals.