Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Catherine Fookes Excerpts
Tuesday 1st July 2025

(2 days, 8 hours ago)

Commons Chamber
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Liz Jarvis Portrait Liz Jarvis (Eastleigh) (LD)
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5. What steps she is taking to help increase economic growth in Eastleigh constituency.

Catherine Fookes Portrait Catherine Fookes (Monmouthshire) (Lab)
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9. What steps she is taking to help increase economic growth in Monmouthshire.

Cameron Thomas Portrait Cameron Thomas (Tewkesbury) (LD)
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20. What steps she is taking to help increase economic growth in north Gloucestershire.

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Emma Reynolds Portrait Emma Reynolds
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Half of small businesses will not be affected by the employer national insurance increase, as the hon. Member will know. We will also be setting out a small business strategy in the Government’s plan to support those businesses across the UK later this year.

Catherine Fookes Portrait Catherine Fookes
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As the Minister knows, I am delighted with the spending review’s investment in Welsh rail of £445 million. It shows the power of two Labour Governments working together and corrects years of underfunding from the Tories. This investment in Welsh communities and Welsh business is extremely welcome and it will be a brilliant driver of our Government’s mission for economic growth. Will she outline what steps she is taking with other Departments to ensure that rural economies and market towns such as Monmouth, Abergavenny, Caldicot and Chepstow, and small businesses across Monmouthshire, can be helped to thrive and contribute to that growth mission?

Emma Reynolds Portrait Emma Reynolds
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I welcome what my hon. Friend said. The Government are supporting the rural economy with over £2.7 billion a year for sustainable farming and nature recovery. We are investing £1.9 billion to improve digital connectivity, which will be important to the small businesses and others that she mentioned. As I said to the previous question, we will set out a small business strategy later this year.