Budget Resolutions and Economic Situation

Marcus Fysh Excerpts

Monday 8th March 2021 Commons Chamber

[Mr Marcus Fysh (Yeovil) (Con) [V]]

My constituents are most grateful for all the support that has been provided through the pandemic and towards the bounce back as we look forward, and for the success with the long-term project funding that has begun to come through. We are very grateful for the furlough and all the grant and support schemes. In particular, the business rates and VAT exemptions and the increase in capital allowances in this Budget will, I think, set us in very good stead to grow our way back into being able to have the revenue that we all want for our public services and to repair the public finances.

We have had some really big wins that are worth celebrating in Yeovil and district. In particular, there was £10 million in the Budget for the Octagon theatre, which is so important to creative industries locally. There was also some money for the Westlands Entertainment Venue to keep that going with revenue support. We have had, through the pandemic, support for the national league, which has been of great benefit to Yeovil Town and clubs like it. Outside the Budget, we also had some brilliant recent news with the final go-ahead—the final decision—on dualling the A303 section at Podimore, which kicks off a signature project that we as a Government have wanted to institute for the whole of the south-west. That will be of huge benefit to my constituents and everybody throughout the south-west peninsula.

However, huge challenges do remain. For example, our high street in Yeovil is definitely struggling. We have had success in being allocated £9.5 million from the future high streets fund, which is brilliant, but it is fair to say that the private sector involvement in that does need the high streets to be back on their feet, so it is a great credit to the Government that the vaccination programme has been going so well. I encourage everybody to get their vaccination as soon as they are offered it, because that gives us the best prospect of being able to stay open as an economy, stay open on our high streets, get our economy firing again and give people the jobs and opportunities that they need. Rapid tests are a fantastic thing that we have brought in. I think that that really gives us hope that we can get the economy back on track, repair the public finances and have a great future.