Finance (No. 2) Bill Debate

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Department: HM Treasury

Finance (No. 2) Bill

Lindsay Hoyle Excerpts
Monday 11th October 2010

(13 years, 7 months ago)

Commons Chamber
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Lord Mann Portrait John Mann
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Well, the majority of the Tory heartlands—they may be former Tory heartlands in future—will get the cuts. It is fundamentally wrong that small English towns should bear the brunt of the cuts. If 50 jobs are lost in a big city, it is bad for those people, but it does not affect all the businesses. If 50 jobs in Retford, Skegness or Boston, or 100 jobs in Worksop are lost, there is a major crisis in those town centres. What do you think the very people whom you are rightly trying to get off incapacity benefit, perhaps to start small businesses in Worksop or Retford, will start doing—major, advanced science and technology? No, they will think, “I could run a sandwich shop.” Good luck to them—it is entrepreneurship, and it would be brilliant, but not if there is no one to buy the sandwiches. Who owns the small businesses and the market stalls? Those people will lose their jobs because they are on the cusp and the banks are not lending them money; they are lending even less than they were previously. Those people and the taxi drivers and the small builders come to my surgery—they suffer the knock-on effects. That is why you have got it wrong and why you should think again and slow down the cuts—

Lindsay Hoyle Portrait Mr Deputy Speaker (Mr Lindsay Hoyle)
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Order. I am not responsible for Bassetlaw. Every time the hon. Gentleman says “you”, he means me. He should know better—he has been a Member of Parliament for a long time.

Lord Mann Portrait John Mann
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I am very grateful that you are not responsible for Bassetlaw, Mr Deputy Speaker. The truth is that this evil Government will have an impact on the constituency of Chorley in the same way as they will on Bassetlaw.

My final point is that the successes of the previous Government have led to new jobs in Worksop. Laing O’Rourke provided 350 jobs earlier this year, and I opened a new site for MBA Polymers last week, which will provide 120 jobs. Both companies came to my area because of the regional development agency grant. In the case of MBA, the grant was the reason to come to this country, never mind to my area. The considerable RDA grant was critical to their decisions. In the case of Laing O’Rourke, the land reclamation works were also important, and other sites are going to market. That is the role of the state, and the weakness of this Government’s economic policy is that the new systems replacing the RDAs—I understand the logic behind that and I agree that the bureaucracy could have been cut back—will not replace that role. Therefore, we will not see the competitive advantage that areas such as mine have had from coherent incentives to private business and bigger employers. We need small employers, yes, but we need large ones too. That is where this Government have got things fundamentally wrong.

My plea to my colleagues on the Front Bench is to tighten up on our economic policy. Let us make the real choices, because we are too woolly at the moment. I hope that the Government are listening to me and taking notes, because small-town England will not forgive a Government who decimate it. Just this week, the council in Nottinghamshire has announced that the lights will be turned out overnight, and that will be the legacy of this Government. It is not too late to change, and as a start I suggest that they withdraw this piffling little Bill and put a proper one in its place.

--- Later in debate ---
None Portrait Several hon. Members
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rose

Lindsay Hoyle Portrait Mr Deputy Speaker (Mr Lindsay Hoyle)
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Order. Before I call the next speaker, who will be Julian Smith, I remind hon. Members that his is a maiden speech, and there should be no interventions.