Oral Answers to Questions

Torsten Bell Excerpts

Tuesday 20th May 2025 Commons Chamber

[The Parliamentary Secretary to the Treasury (Torsten Bell)]

The night-time economy, and the hospitality sector more widely, is the beating heart of our cultural life, bringing to life the places we all call home. That is why this Government have cut draught duty and introduced a fairer, permanent business rates system. We all want our pubs, clubs and restaurants to thrive.

[Jessica Toale]

Last month, I met representatives of Bournemouth town centre’s night-time economy at one of the newest additions to our high street, Barbara’s Bier Haus. The sector is incredibly resilient but is grappling with a number of challenges, such as changing consumer behaviour and rising costs. One issue that is common across our hospitality and retail sectors is prohibitively high business rates. Can the Minister update us on the progress that we are making towards business rates reform, and tell us how this will give the night-time economy the security it needs to be prosperous?

[Torsten Bell]

I completely recognise my hon. Friend’s point. Last autumn, alongside announcing immediate support for retail, hospitality and leisure properties, the Government published a discussion paper setting out our priorities for wider reform, and I know the Exchequer Secretary has met a wide range of businesses on this subject. We are delivering permanently lower business rates for these sectors, and we will announce further policy details at the Budget in the autumn.

[Mr Alaba]

The Kursaal in Southend—the site of the first theme park in Europe—and the Freight House in Rochford were once iconic venues in my community and central to the night-time economy. Over the last 14 years, venues have been forced to close and heritage buildings have been left empty. What steps are the Minister and his Cabinet colleagues taking to protect the iconic heritage and cultural venues that are the backbone of our evening and local economies?

[Torsten Bell]

I have missed out on the particular historical gems that my hon. Friend mentions, but my daughter is a big fan of Southend so obviously I agree with him wholeheartedly. And the Government agree with my hon. Friend, which is why last December we announced the largest round of the community ownership fund, awarding £36 million to 85 projects across the UK. In fact, I agree with my hon. Friend so much that my own office is in the rejuvenated Albert Hall in Swansea, which has had previous incarnations as a cinema, a bingo venue and a music venue—but behaviour in that building is much better these days.

[Saqib Bhatti (Meriden and Solihull East) (Con)]

Just a few weeks ago, I held a roundtable in my constituency with UKHospitality and hospitality businesses, such as hotels, night-time economy businesses and pubs. It was just after the first national insurance rise payment, which means that those businesses are devastated and are having fewer jobs, fewer apprentices and less investment. What they are worried about, as they look to the future, is whether the Chancellor will be raising taxes again in the coming months. Can the Minister assure my businesses that the Chancellor will not be coming back for more?

[Torsten Bell]

What the sector is doing is welcoming the trade deals done by the Government yesterday. What it is worried about is a Conservative party that cannot bring itself to welcome a single trade deal with any country around the world. The party of Robert Peel has turned its back on the entire world.

[Alison Bennett (Mid Sussex) (LD)]

The Hop Tub in Hurstpierpoint, the Hop Sun in Haywards Heath and the Brickworks in Burgess Hill are three fantastic microbreweries serving the constituents of Mid Sussex. Given the pressures of national insurance and the challenges of business rates, what is the Treasury doing to support these innovative businesses?

[Torsten Bell]

I think everybody in this House enjoys the proliferation of microbreweries around the country, which is why the Government are supporting draught beer and cider by knocking 1p off the price of a pint at the Budget last year. It is important not only that we support our pubs, but the brewers who produce the content that is sold in them.

[Mr Speaker]

I call the shadow Minister.

[Gareth Davies (Grantham and Bourne) (Con)]

Sacha Lord, Labour’s former night-time economy adviser, says that it is tougher for the hospitality industry today than it was even during the pandemic, but the Chancellor is ignoring his advice and pushing ahead with a cocktail of costs that the Night Time Industries Association has called a death sentence for our pubs, bars and clubs. Can the Minister and the Chancellor not see that the future of the industry is fatally undermined by their anti-growth taxation?

[Torsten Bell]

What is anti-growth is the Conservative party, which sat over 15 long years of decline and completely unprecedented economic stagnation. Our job is to support the hospitality and leisure sector more generally. That is why we are reducing red tape through the cross-Government licensing taskforce; why we are permanently cutting business rates, moving away from the year-by-year chaotic system put in place by the Conservative party; and why we are engaging all the time with the Hospitality Sector Council.

[Nick Timothy (West Suffolk) (Con)]

6. What assessment her Department has made of the potential impact of the double contributions convention in the UK-India free trade agreement on levels of tax revenue.

--- Later in debate ---

[Sarah Edwards (Tamworth) (Lab)]

15. What steps she is taking to help increase returns on investment from pension savings.

[The Parliamentary Secretary to the Treasury (Torsten Bell)]

That is absolutely the right question. We all understandably hear calls for higher rates of pension saving, but the prior question is this: how do we ensure that savers get the best bang for their buck for every penny they save? The forthcoming pension schemes Bill will help make that happen, with bigger pension schemes and fewer small pension pots, driving down costs and driving up saving rates for pensioners.

[Sarah Edwards]

Can the Minister share with me, as chair of the reconstituted all-party parliamentary group on pensions and growth, any plans for how counties that are outside mayoral authorities, such as Staffordshire, could benefit from pension reforms to encourage more investment in the UK, to support infrastructure, jobs and local regeneration?

[Torsten Bell]

I certainly can. Our reforms to the local government pension scheme will support local investment in every part of England and Wales. Our defence spending plans will be felt on the ground—total defence spending in the west midlands totals £1.6 billion a year. We are building reservoirs again, including one in the west midlands. We are also getting the country trading once again, including businesses in Tamworth, where PI-KEM, a specialist chemical supplier, recently won a major export order, with £100,000 in UK Export Finance support. Britain, and Tamworth, are open for business.

[Jim Shannon (Strangford) (DUP)]

I want to ask about 18-year-olds, who are just starting off, being encouraged to take out a pension. Whenever I was 18, my mother took me down to see John Thompson, the pensions man in Ballywalter, and he said, “You’re going to take a pension.” I asked, “What for, Mum?” She said, “You’re taking a pension.” So I took the pension. Does the Minister agree that what everybody really needs is somebody like my mother to encourage them to take a pension?

[Torsten Bell]

I did not know where that was going, but I know that I speak for everybody in the House when I say that the whole country needs someone like the hon. Gentleman’s mother.

[Dr Marie Tidball (Penistone and Stocksbridge) (Lab)]

16. What steps she is taking with Cabinet colleagues to help increase economic growth in South Yorkshire.

--- Later in debate ---

[David Pinto-Duschinsky (Hendon) (Lab)]

I congratulate the Chancellor of the Exchequer on securing the Mansion House accord, which will channel billions into the economy and make a real difference to my constituents. One of the reasons that pension funds agreed to join the accord was because of the strong pipeline of investable projects that the Government are creating. Does the Minister agree that the Government’s infrastructure plans and planning reforms, opposed by the Conservatives, will unlock growth?

[The Parliamentary Secretary to the Treasury (Torsten Bell)]

My hon. Friend is absolutely correct. Raising investment in the UK is about boosting not just the supply of capital, but the demand for it—the investment pipeline. We are approving infrastructure projects, from wind farms to reservoirs, that the Conservatives blocked for years. By reforming the planning system, we are doing something really radical: building homes.

[Mr Gregory Campbell (East Londonderry) (DUP)]

The roll-out of banking hubs is helping to a small degree, but what plans do the Government have to increase the number of banking hubs beyond those in the pipeline?