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Tanmanjeet Singh Dhesi
Main Page: Tanmanjeet Singh Dhesi (Labour - Slough)Department Debates - View all Tanmanjeet Singh Dhesi's debates with the Department for Business and Trade
(11 months ago)
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Mr Tanmanjeet Singh Dhesi (Slough) (Lab)
Small and medium-sized enterprises are a vital part of a thriving global economy, yet 49% of British SMEs say that they lack the time or resources to sell internationally. They are being hindered by complex regulation, insufficient access to funding and inadequate Government guidance. That is why Labour has launched the small business export taskforce with the Federation of Small Businesses to listen to business needs and address them head-on. What is the Minister doing to support hard-working SMEs in navigating the Government’s complex web of regulatory requirements and help unleash this untapped entrepreneurial potential?
Kevin Hollinrake
We agree with the hon. Gentleman on the ambition, but he is probably behind the game a little in terms of what we are actually doing, not least in the 73 free trade agreements that we have agreed, including the comprehensive and progressive agreement for trans-Pacific partnership that is coming down the track. I hope that he will be supportive of that agreement. He has probably also never heard of the export support service, the international trade advisers and the export champions, all of which help our SMEs export to other parts of the word.
Kevin Hollinrake
On this side of the House, we are for business because we are from business, and we understand the needs of businesses.
Kevin Hollinrake
That is an interesting point that the hon. Gentleman makes from a sedentary position. The actual numbers of closures—although of course we are concerned about increases—are below pre-pandemic averages, but nevertheless we have stepped in to help by freezing fuel duty, maintaining the 5p cut and announcing £4.3 billion of business rates support, all to help our SMEs. Closure rates are lower in England than in Labour- run Wales.