Business backing our plans for growth

It is shocking that Labour politicians are still in denial about the economic mess they created in this country. It is damning that they fail to accept the government is taking the necessary steps to get our economy going again and back into growth. By taking urgent action, we avoided the financial catastrophe that has hit Ireland, Greece and Portugal.

The major businesses back our approach to helping small business so that more people get jobs. Yet Labour MPs still fail to grasp that businessmen tend to understand the decisions that affect them better than politicians, as this recent exchange during discussions about details in the budget demonstrates.

Finance (No.3) Bill Committee
12th May 2011

Brandon Lewis (Great Yarmouth) (Con): Does the right hon. Gentleman agree that numerous business organisations such as the CBI, the Institute of Directors and the Federation of Small Businesses, which represent the businesses he mentions, support the Government’s plans for the economy, and that manufacturing is growing?

David Hanson (Delyn) (Lab): The hon. Gentleman makes my point. The CBI and the IOD welcome these moves, but they do not represent some of the small and medium-sized businesses that will need to supply some of the bigger industries—such as the car industry in the north-east—and will need that manufacturing support.

Brandon Lewis (Great Yarmouth) (Con): I did mention the FSB, the biggest representative organisation of small businesses in the country, which also supports the Government’s plans. As the representative of an area with some small-business interest in manufacturing, particularly in the energy industry, I have to say that the businesses and organisations that I speak to are clearly talking about growth and a positive move forward, now and for the future.

David Hanson (Delyn) (Lab): The point that I am making is that the corporation tax cut will benefit the bigger industries, but it will not benefit the smaller industries to the same extent. I will develop that point in due course.

15th May 2011