Budget Resolutions — House of Commons, 2021-11-01
Topic: Macroeconomics
James Michael Davies (Conservative, Centre-right): It is a pleasure to contribute to this Budget debate. Fortunately, the Government were in a position to provide unprecedented assistance throughout the height of the pandemic to support individuals and businesses across the UK. As a result, our economy is recovering quickly, with growth forecast at 6.5% for 2021. Fears of widespread unemployment have proven unfounded, as analysis confirms that peak unemployment will reach 5.2%, down from the 12% predicted in July 2020. That means that we can focus on the ambition to level up our country and the communities in it In his Budget, the Chancellor made a number of long-term commitments that will support north Wales in a sustainable way. I have been working hard to ensure that the region benefits from Sir Peter Hendy’s soon-to-be-published Union connectivity review, and it is pleasing that an additional £22.5 million is being made available for the development of transport projects, including along the north Wales corridor I am also very encouraged by the first levelling-up fund allocations. Since March, I have been working closely with Denbighshire County Council, residents, businesses and voluntary organisations to prepare the Vale of Clwyd bid, which the council intends to submit shortly. Projects in our bid will benefit all parts of the constituency, reinvigorating our communities, our economy and our culture Throughout the pandemic, our reliance on telecommunications has increased, and it has been concerning that so many properties in north Wales have poor broadband connections. I have been working hard with Openreach to address that, and I was pleased last week to hear the Chancellor express his continuing commitment to this agenda through Project Gigabit Levelling up also requires the Government to help people into work and to ensure that work always pays. I am therefore extremely glad that the universal credit taper rate has been cut by 8%, which I have been pushing for. Together with the £500 increase to the work allowance, that means that thousands of those in lower-paid jobs in the Vale of Clwyd who rely on universal credit to top up their earnings will now have more money in their pockets. Similarly, with the boost in the national living wage to £9.50 an hour, more people will be better off. The end to the public sector pay freeze will be hugely beneficial to my constituency, where public sector employment is significant. The UK-wide Multiply programme will also help residents who are keen to develop essential numeracy skills, which can boost the employability of those who are currently economically less active When it comes to crime, it is often the most deprived communities that suffer most, so the commitment in the Budget to press ahead and fund 20,000 new police officers is very welcome. Since September 2019, 147 police officers have been recruited in north Wales, bringing the total to 1,654, virtually on a par with the highest headcount on record, 16 years ago In England, a temporary 50% discount on business rates for retail, hospitality and leisure premises has been announced, along with more frequent revaluations and improvement relief for changes to premises. Those are important measures, but the Welsh Government must ensure a level playing field for businesses in Wales This Budget delivers for the people and businesses in north Wales, and I am delighted to support it.