Backing Business to Create Economic Growth

Susan Murray Excerpts

Monday 18th May 2026 Commons Chamber

[Susan Murray (Mid Dunbartonshire) (LD)]

In 1603, Britain saw the Union of the Crowns. That moment began a journey that would lead to the Acts of Union and the growth of not only our modern democracy but the most powerful economic and industrial force that the world has ever seen. This story was not written by one nation alone; it was a political union of nations enabled by the sharing of skills and resources from every corner of these islands to build something far bigger than anything that could have been achieved individually, with each nation bringing its strengths and each nation benefiting from the strengths of the others.

The benefits of the Union are clear and the ties run deep, but if we are to make that case properly, we must be honest about what has gone wrong. As a Scottish Member of Parliament, I speak to too many business owners in Scotland who do not feel supported—too many who feel squeezed, taxed and ignored. Both their Governments have made poor choices. In Holyrood, the Scottish National party has chosen campaigning for independence over economic delivery. It has pulled funding from specialist technical facilities that could have created hundreds of jobs, and refused to back new nuclear, despite Scotland’s engineering heritage and energy expertise. After 20 years of SNP government in Scotland, businesses do not need another referendum. They need stability for investment and growth.

In Westminster, Labour’s jobs tax has made it more expensive to employ people and more expensive for firms to expand. Higher running costs mean higher prices for working people, and fewer job opportunities for part-time workers and for young people, at a time when the level of youth unemployment is nearly 16%. Inheritance tax changes have introduced a survival risk for family businesses in the UK, opening them up to hostile takeovers. Businesses need Labour to acknowledge that more than 80% of jobs are in the private sector, in small and medium-sized enterprises, and that increasing taxes on those jobs is not a recipe for growth but, all too often, the death knell for local jobs.

In Scotland, recent elections should have been a clear sign for both Labour and the SNP. Only 14% of Scots said that independence was one of the most important issues facing the country, while 63% said that the cost of living was one of the top issues deciding their vote. As a result, 56% of Scottish votes went to unionist parties, a clear sign that people want stability and not another referendum. The English council elections told a similar story of voters looking beyond old two-party habits and desperate for change.

It is clear that our current voting system in Westminster is part of the problem. Too often, seats in Parliament do not reflect what people voted for. A fairer, proportional voting system, which Liberal Democrats want to see, would make politicians listen more and would encourage collaboration. It would mean fewer sudden swings from one extreme to another, and a steadier environment for businesses to invest and grow.

Although this House may be the mother of Parliaments, that does not mean that it cannot change with the times. Britain has so much potential, and we must be ambitious. Too often we have been too timid, too bureaucratic and too concerned with political differences. I urge everyone here today—everyone who is left—to come together and push for what is best for people in every corner of the UK. While we may need compromise to find agreement, it is the job of every Member of this House to ensure that the UK is at the forefront of change that benefits all our constituents and celebrates our diversity and tolerance.