argyrotsipi/train-dataset huggingface dataset:
Reducing Costs for Businesses — House of Commons, 2022-01-11
Topic: Macroeconomics
Christopher Stephen Grayling (Conservative, Centre-right): The hon. Gentleman knows from experience, when this country has been through bad times, how devastating unemployment can be for communities, when people are looking for jobs and cannot find them. Today, if people are looking for jobs in our workforce, the opportunities are a whole lot better than they were back in 2010, even after the impact of a pandemic, and we should be pleased about that. Of course it is not a reason for complacency; of course we still face many economic challenges, but it is a major step forward for this country that we are not in the place that I thought we would end up in after a devastating pandemic, going back to those days of 2.5 million and 3 million unemployed. We do not have that right now, and that, I think, is because Ministers took the right decisions at the right time. I am proud that they did that So what do we do now? The first thing I would do is exactly the opposite of what the Labour party wanted us to do before Christmas: I want to lift the restrictions on our economy now. I did not think that we should have them, even to the degree that we have them now. I did not support them, but I think the bold decisions that the Government took before Christmas have been proved right. Many businesses are closed and unable to function in Scotland—a country that saw a lot of its population come to England for new year’s eve to enjoy Hogmanay here, because the Scottish Government put in place restrictions that I do not think were necessary. Now we are in a position in which the right decisions were taken and we have an opportunity to lift restrictions further, so that those businesses in our city centres that are suffering because of people working from home can get back into better shape again. So I say to the Labour party, which has argued for tighter restrictions and against what this Government have done, that now is the moment for the party—and the whole House—to support the removal of our restrictions The last point that I want to make is about the energy issue. We have heard a lot today about energy as it affects households. The impact of what is happening globally at the moment will be devastating for households across Europe. However, we also need a smart strategy for energy to support businesses well, and we will not get there if we step away from the resources that we have I support the move to net zero and the expansion of renewables, but I also support the continued exploitation of the gas reserves we have in the North sea. Simply to step away now and say, "Because we are talking net zero in 2050, in 2022 we should exploit none of them", is nonsense, in my view. We need that gas, we need the resources for the United Kingdom and we need a smarter strategy than that of those who are simply arguing that we should stop all fossil fuel exploration right now. That is the wrong thing to do and it must not happen.
Reducing Costs for Businesses — House of Commons, 2022-01-11
Topic: Macroeconomics
Suzanne Webb (Conservative, Centre-right): Time and again, I and other Members on the Conservative Benches have risen to oppose motions such as this from an Opposition who believe £407 billion in support throughout the pandemic has not been enough. At every turn, they have sought to undermine the measures that the Government have put in place to support businesses, and they have had the temerity to do so with no costed plan of their own. Instead, we must all wait for the Leader of the Opposition’s costed manifesto at the next general election Of course, it would not be the Labour party if there were not already a few uncosted measures thrown around here and there. One example was scrapping business rates, which was announced jubilantly by the shadow Chancellor at the Labour conference, only to be watered down later, probably because Labour eventually worked out that it did not know how it would pay for that. Perhaps it would do so by raising corporation tax, income tax or stamp duty or by more borrowing. It would give with one tightly pinched palm now but take with heaped handfuls later I am of course happy that these motions give me the chance to outline how Stourbridge’s businesses and employees have benefited from a Conservative Government managing this pandemic. As Conservatives, we believe that private sector innovation is the key to a strong economy. We do not just believe in it, however; we deliver it. Since 2010, over 1 million more businesses in the private sector have been created across the UK thanks to this Government’s policies. In the west midlands alone, over 50,000 more businesses have been established since 2010, thanks to this Government The Opposition’s motion today makes the astonishing claim that businesses have been affected by low growth. That is simply not true. The UK is the fastest-growing economy in the G7, with almost 6% growth in the first three quarters in 2021. The Conservative Government’s management of the pandemic, coupled with our exceptional economic growth in private sector innovation, has benefited working people too. Nobody would deny that businesses have experienced one of the toughest environments in a generation, but billions of pounds of loans and grants have kept the economy moving. Economic growth has not been disrupted as expected, and the labour market came back strong. It is a labour market that has seen 61,000 new jobs created since March 2021 in the west midlands alone Our economic plan is working: employment is up, growth is up and businesses are starting to make a recovery. It was this Government who promised my constituents that we would do whatever was needed to provide security and stability, and that applied to the businesses too. This is a Government who encourage business investment, innovation and productivity, and who are giving every business the opportunity to grow and innovate. It is a Government who are bold and committed to building back better.
Reducing Costs for Businesses — House of Commons, 2022-01-11
Topic: Macroeconomics
Gareth Mark Davies (Conservative, Centre-right): It is a great pleasure to speak in this debate and I am grateful for the opportunity, once again in an Opposition Day debate, to highlight the tremendous support that this Government have provided up and down the country, whether that is the £154 billion in specific support for businesses nationally or the £407 billion in total. In Grantham and Stamford, we have seen £144 million in loan support and more than 20,000 workers supported through the furlough scheme. I want to take this opportunity to thank those in our local authorities, whether in South Kesteven District Council or Lincolnshire County Council; Martin Hill and Jon Hinde have done a tremendous job throughout this crisis I have a great deal of respect for the hon. Member for Stalybridge and Hyde (Jonathan Reynolds), who opened the debate, but it would have been nice if he had mentioned the £60 million of loans for businesses in his constituency or the £100 million of grants and rates relief. The point is that we need to support our businesses and the Government have done that It is great to hear the Labour party talking about debt. I am surprised to hear Labour Members bring up company debt when they showed so little regard for national debt when they were in office, spending more in debt interest than they did in defence spending. But here we are: it is a new world It is also surprising to hear Labour Members talk about growth. The OECD has predicted that the UK will be one of the fastest-growing countries in the G7—that is a fact. Deloitte has also come out with a business survey this week stating that businesses expect growth and productivity to grow exponentially in the United Kingdom. That is thanks to the support, to such things as the furlough scheme and to the fact that the Government are taking very hard decisions in a very difficult crisis to support businesses and employees up and down the country, whether that is in Stalybridge and Hyde or Grantham and Stamford.
Reducing Costs for Businesses — House of Commons, 2022-01-11
Topic: Macroeconomics
Julie Marson (Conservative, Centre-right): It is a pleasure to speak in this debate. I would like to start by speaking directly to people who run businesses and work in businesses in my constituency, because there is absolutely no doubt that they have struggled hugely over the past two years. They have had an incredibly difficult time and they have shown the most incredible creativity and resilience in that process. I thank them. When I am out and about in the constituency, I know that they know that this Government have been there to support them, because they thank me and ask me to pass on their thanks to this Government. That is incredibly important, because I listen to them and I know what they are saying to me as well. The support has been unprecedented and unparalleled. The figures are eye-watering—£407 billion, with £1 billion just for hospitality before Christmas—but every penny means saved jobs. Every penny has meant that businesses continue to employ people to produce services and goods that they would not have been able to had it not been for this Government’s support. So even to suggest that this Government are not supporting business does not stack up: I will not have it, and I do not think many businesses in my constituency will have it either The role of Government—I have used this analogy before and I probably will again—is to be the groundsman. The economy is the pitch and our job is to create the conditions on which our batsmen and bowlers can play to their best strengths so that we can win the match, and that is what this Government are doing. Looking at skills, or initiatives to increase investment such as the super-deduction, it is all with that aim in mind. I could go on to the G7 growth league—the jobs market is booming—and what we are doing in the venture capital sector and the life skills sector, which is also important. We see what Labour does when it is in power. In Wales, as has been said, people are coming over the border to do things because of restrictions. Frankly, Labour likes lockdown so much that it is not even pro-parkrun, let alone pro-business.
Reducing Costs for Businesses — House of Commons, 2022-01-11
Topic: Energy
Kevin Paul Hollinrake (Conservative, Centre-right): As the hon. Member for Bradford West (Naz Shah) knows, I entirely agree with her about the need for an independent Northern Powerhouse Rail that goes through Bradford from Leeds to Manchester. However, I do not agree at all with the shadow Minister, the hon. Member for Stalybridge and Hyde (Jonathan Reynolds). In his motion, he talks about "increasing energy costs, high inflation, low growth and higher taxes as a result of the Government’s long-term failures." I have a great deal of time for him, but he is absolutely wrong on all counts. On energy costs, the wholesale price of gas has increased tenfold in little over a year, but that is an international issue, not domestic policy. I agree that we need to do something about it, but the tenfold increase is principally because of Russia and China, for different reasons Inflation is an international issue, too. As I have pointed out previously, the inflation rate in Germany is higher than that in the UK—it is 5.3% compared with the UK’s 5.1%. There is a slightly different calculation for the US, but the rate is 6.8% versus the UK’s 5.1%, so the hon. Gentleman is absolutely wrong again. He is also absolutely wrong about low growth. As my hon. Friend the Member for Grantham and Stamford (Gareth Davies) points out, the OECD says that the UK had the fastest growth in the G7 in 2021, and that it will have the fastest growth in 2022.
Reducing Costs for Businesses — House of Commons, 2022-01-11
Topic: Macroeconomics
Kevin Paul Hollinrake (Conservative, Centre-right): I agree with the hon. Gentleman on long-term productivity, but that is not what his motion says. It says "low growth", which is absolutely inaccurate. Let us have some facts in this debate The hon. Gentleman is absolutely right on energy costs, and I think that we need to intervene. The Government are not doing nothing. They are consulting now on the right kind of measures—whether it is VAT for consumers, the warm home discount, or direct intervention in the business. It is absolutely right that we consult on those things and look at them properly. There are other issues as well, including labour costs, supply chains and other such things, the vast majority of which are international issues. Yes, of course, there are some Brexit issues, too, there is no doubt about it. [Interruption.] Anybody who voted for Brexit and thought that they were voting for the status quo was not reading the facts properly. The reality is that those things have to be dealt with, but they are short-term issues that will be resolved I say to the shadow Minister that it is the easiest job in the world to stand on the sidelines and criticise, which is what he is doing. [Interruption.] He is criticising higher taxes. How on earth would he pay for the huge amount of money that has to go into the NHS over the next few years to deal with the backlog? Would he simply borrow more money? That is what that money is for. There is also the fact that businesses are not even paying the higher taxes yet; they do not kick in until April. Again, the motion is entirely wrong Let me turn to what we should do. The motion mentions the reform of business rates; the solution of the hon. Member for Stalybridge and Hyde is absolutely deluded. A sixfold increase in the digital services tax would be passed straight to consumers and would not hit Amazon and others. It is absolutely wrong. He has no long-term detail on how he would reform business rates. In my view, we should scrap the business rates system completely. It is outdated—it is the wrong system for today—and business rates hit not just retail but lots of other channels and sectors. I would scrap business rates completely and find the £30 billion by adding that to VAT, because that would immediately create a fair and level playing field for all businesses that trade through whatever channel While the Minister is present, I press him to look at regional mutual banks, which I mentioned at Business, Energy and Industrial Strategy questions this morning. They can have a massive impact in lending to the productive economy to get the growth rate growing to the level we need it to be to pay off our debt.
Reducing Costs for Businesses — House of Commons, 2022-01-11
Topic: Macroeconomics
Simon Robert Maurice Baynes (Conservative, Centre-right): As a Welsh MP representing Clwyd South in north Wales, on the border with England, I see very clearly the considerable difficulties for local businesses arising from the Welsh Government’s covid restrictions, compared with the more enlightened and balanced approach being taken by the UK Government across the border. Sadly, the Welsh approach is not working, and we can see that in the way it is curbing covid cases, which in recent weeks have risen two to three times faster in Wales than in England The crucial point that I want to make this evening is about how we approach the debate. The overall structure and conditions for business are of critical importance in reducing costs for businesses and creating a pro-business environment in which companies and enterprises can flourish and plan for the future. I commend the UK Government for creating that environment. We have heard much talk today about the £400 billion of support, which has gathered compliments from both sides of the House. This obviously has defended and supported jobs and livelihoods, and the package is more generous than that of any other country in the world I would like to highlight one or two other aspects of the support package provided by the Government. First, I am very pleased that they have extended the recovery loan scheme to June 2022, providing a guarantee to lenders on finance up to £10 million. This too has had a wider impact for companies, because it has brought them closer to some of their lenders and improved their financial position for the longer term Secondly, I would like to highlight the provision of £100 million of new discretionary funding for local authorities to support other impacted businesses, which has been crucial. I am delighted that Wrexham and Denbighshire councils have been so adept at passing on that support to companies across my constituency Finally, I wish to highlight the cutting of business rates by at least 50% next year for 90% of retail, hospitality and leisure businesses. My goodness, that is needed in Wales at the moment. I make regular visits to companies in Clwyd South that frequently express their approval of the UK Government’s measures, which have made a huge and very positive difference to the health of their business. That in turn has made a significant contribution to the UK having the fastest growing economy in the G7. In conclusion, I applaud the Government’s strong support for businesses, both the measures that they have taken and the favourable environment that they have created for businesses in the UK.
Reducing Costs for Businesses — House of Commons, 2022-01-11
Topic: Macroeconomics
Michael Jon Wood (Conservative, Centre-right): The covid pandemic has presented unprecedented challenges for businesses in every part of the country and in virtually every sector of the economy, but the Government have met them with unprecedented levels of support. While the last Labour Government bailed out the banks while dole queues doubled, this Government have provided support—whether through the furlough, grants, loans or business rates support—on a scale that I think few could have anticipated from any Government of any political colour before the pandemic. Of course, things have still been extremely difficult—many businesses have struggled from one week to the next, and sadly some have not been able to survive this long—but for many, many businesses, the support provided has made the difference between survival and going to the wall Every part of the economy has been affected and many businesses have suffered, but some have been hit harder than others, particularly the hospitality sector and the businesses that rely on its success. It was a brutal December for the sector; December usually accounts for about a quarter of hospitality’s trade for the year, but we have now had two Decembers in a row that were well below normal trading levels. The support announced before Christmas has allowed most hospitality businesses that qualified to get through the Christmas period into the new year and stand a chance of surviving, but we also have to look at the supply chains There are businesses that may not be immediately within the hospitality sector, but that rely on it. Brewers, catering, event management and, for that matter, hair and beauty rely on large events. We need to make sure that local authorities are prioritising businesses like those with the discretionary support that is available, and I would encourage Ministers to make it clear in guidance for discretionary support that those businesses are precisely the kind of businesses that that support is aimed at But of course what businesses need more than anything is to be able to do what they do best—provide the goods and the services that consumers or other businesses want to buy—to get back to some kind of normal. The last thing we need would be to have taken the advice of some of the Labour Members before Christmas, and had further restrictions sooner and for longer, or endless furloughs.
Reducing Costs for Businesses — House of Commons, 2022-01-11
Topic: Macroeconomics
Jack Edgar Brereton (Conservative, Centre-right): The support for businesses in the last two years to help them cope with the pandemic has been unprecedented. Stoke-on-Trent alone has had about £1 million in grants for businesses to cope with the challenges, not to mention all the support received through the furlough scheme, CBILS and self-employment income support scheme. Given that we now have record numbers of people in work—far more than before the pandemic—those measures have clearly worked to preserve jobs and livelihoods. Many of the challenges are not new, however, and we must continue to support businesses to overcome the challenges they face. A part of the economy that has been particularly affected by the heightened energy costs is energy intensive industries such as ceramics and steel, which were the subject of my recent Westminster Hall debate. Hundreds of thousands of important skilled jobs are dependent on those sectors Unlike the significant decline in manufacturing jobs that we saw under the last Labour Government, in the last decade an increasing number of people have been employed in manufacturing roles. It is vital to further support those sectors to reduce energy costs; become more efficient; and develop new, more reliable forms of power to continue the successes that we have seen in recent years In the ceramics sector alone, there has been a doubling of GVA in real terms since 2010. I was particularly pleased that the Midlands Industrial Ceramics Group recently secured £18.27 million in Government funding through the UK Research and Innovation’s strength in places fund. The Government are doubling UK research and development investment and it is vital that more of that goes to industries such as ceramics and to energy intensive industries to support the transition and the levelling-up of our economy across the country.
Reducing Costs for Businesses — House of Commons, 2022-01-11
Topic: Macroeconomics
Paul Bristow (Conservative, Centre-right): I am pleased to speak in this debate, because it gives me the opportunity to thank the businesses in my constituency in Peterborough for showing such patience and resilience and also for employing record numbers of people in my city. It also gives me the opportunity to thank the Government for the support they have given to businesses in Peterborough, because it undoubtedly has been tough I understand that businesses have had to face challenges, but when Opposition Members claim they are the party of business, I would say that they are the party of doom and gloom. I do not see that doom and gloom. Rather, I see 2022 as the year that the Peterborough economy cranks back up and we have record growth in our city, because ambition for businesses in Peterborough is high. Pre pandemic, Peterborough was among the top 15 cities with the highest number of business start-ups in the UK and the 13th best out of 100 cities in which to start a business. This is post pandemic, and the previous stat was pre pandemic. We also have our university coming, which will specialise in manufacturing, engineering and technology, and we are going to make the decisions that will guarantee our future health, wealth and happiness in those STEM industries That is what this party and this Government are delivering—£75 million to help us through the pandemic in my constituency, with £1.2 million just before Christmas, and a brand-new university that will open in the centre of our city, and that is not to mention the huge of vote of confidence that Peterborough’s economy has been given through £59 million-worth of Government investment in city centre regeneration and our university. Peterborough’s time is now, so I urge Opposition Members to forget the doom and gloom. Forget the opportunism; let us get behind British business and be positive and optimistic for our future in 2022.