Alice Macdonald
Main Page: Alice Macdonald (Labour (Co-op) - Norwich North)Department Debates - View all Alice Macdonald's debates with the HM Treasury
(1 day, 14 hours ago)
Commons Chamber
Alice Macdonald (Norwich North) (Lab/Co-op)
Like the right hon. Member for Witham (Priti Patel), I start by recognising the many amazing employers and businesses across my constituency, from large household names such as Aviva, to local SMEs, including MSI Defence Systems, and local retail and hospitality businesses that are the backbones of our high streets, such as Café 193. I recognise the pressures on employers and businesses, including in the face of external shocks. I will focus on relaying some of the messages that I have heard from businesses and employers in my constituency.
I welcome the targeted measures in last month’s Budget, as the Minister set out, including the business rates relief. That will mean that more than half of all retail, hospitality and leisure businesses in the east of England will pay no rates at all, and another 900 businesses in Norwich and 400 in Broadland will benefit from frozen rates.
I recently attended a roundtable hosted by the New Anglia Advanced Manufacturing and Engineering partnership. Many of those innovative businesses are creating products and jobs in Britain—including for my constituents in Norfolk—but they face challenges. One of the biggest challenges they raised, which will not surprise the Minister, was rising high industrial energy costs, which are affecting trade and regional growth. I welcome the action that the Government are taking with BICS, but I urge the Minister to set out what more we can do to support manufacturing businesses such as those at the roundtable.
Today, we have had good news in the press that £12 billion of investment has been secured to build the Vanguard East and West wind farms off the coast of Norfolk. Those schemes alone will create more than 2,400 jobs, and I want as many of them as possible to be for people from Norfolk. We have to ensure that employers can also benefit from the supply chains. Norfolk has many strengths; renewable energy is just one of them. We have a £20 billion economy and strengths in energy, agrifood, advanced manufacturing, financial services and world-class research, such as at the Norwich research park. When the new Prime Minister came into office, the Norfolk and Suffolk business boards wrote to him together to set out how Norfolk and Suffolk can help to power, feed, connect and innovate the UK’s future. That is the ambition that I have heard from businesses.
I have also heard businesses’ requests that the Government work with them in three key ways that will benefit employers in Norfolk and Suffolk. First, as we have touched on already in this debate, is the importance of backing nationally significant infrastructure projects such as the Bacton energy hub and the desperately needed upgrade at Ely and Haughley junctions. Despite our differences across the House, I know that MPs across East Anglia really support those investments because of the impact they will have on businesses in the area. Secondly, through innovation we could be the leading testbed for new technologies, building on world-class assets such as the Norwich research park. Thirdly, by aligning skills, innovation and industrial policy, we will help businesses to invest, create jobs and develop the workforces they need.
Another clear message I have heard—we have touched on the need for stability—is about devolution and the opportunity it presents for employers and businesses. I welcome Norfolk and Suffolk being on track for devolution. This week, the Reform-led Norfolk and Suffolk county councils have finally reached an agreement on the terms of a devolution deal, which the Government are backing with about £37 million of investment each year. That cannot come soon enough; we need that deal and the associated funding in place as quickly as possible so that we can invest in infrastructure, skills and economic growth. It is really important that employers and businesses’ voices are heard and that they are instrumental in seeing how that investment is spent.
I will not pretend that I have not heard messages from businesses about some of the costs around labour. The Minister has set out why those decisions have been made, and I will continue to listen to the concerns that businesses raise with me and relay them back to Ministers.
Finally, I want to focus on young people, who have so much to offer employers. Far too many young people are not in education, employment or training—something we will be focusing on even more in the next few weeks. I welcome the action the Government have taken, including the jobs guarantee and the jobs grant to back employers who give a chance to young people who have been out of work for six months. I am working with the local DWP office, employers and other local organisations on an initiative called Opportunity Norwich to support young people into work.
No one is pretending that this is an easy situation and that there have not been difficult choices to make. The Budget and the measures the Government have set out are a welcome step forward. As a Norwich MP, I am proud of our city and our county of Norfolk. We are a place of innovation, hard work and creativity, and I am proud of our employers who have consistently shown themselves to be genuine community partners and to bring so much benefit to our local area. I will continue to advocate for the support they need to invest in our region, grow our economy and deliver opportunities to my constituents. I am sure that the Minister will respond in detail to many of the points raised, but I want to urge him to work with us in Norfolk and Suffolk to ensure that as we move forward on our journey with devolution, our employers and, indeed, employees thrive.