Martin Vickers
Main Page: Martin Vickers (Conservative - Brigg and Immingham)Department Debates - View all Martin Vickers's debates with the HM Treasury
(1 day, 22 hours ago)
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Lucy Rigby
My hon. Friend is a relentless champion for her constituency. The Government are devolving powers and funding to the west midlands combined authority to support investment, and the National Wealth Fund is partnering with it to develop many projects, which I am sure will benefit her constituency.
Martin Vickers (Brigg and Immingham) (Con)
Economic growth and investment in my constituency has greatly benefited following the creation of freeports and the associated tax benefits that come with that. Can Ministers give an assurance that any reset with our European partners will protect existing tax benefits?
Torsten Bell
One thing that has been less focused on in the Budget is that according to business investment figures across the country, we are seeing the highest level of business investment for a decade. Whole-economy investment is now at its highest levels since 1990. I recognise the point the hon. Gentleman raises, and freeports around the country want to know about that. Although the issues he raises are not on the agenda set out for the European summit, I am sure a Minister will be happy to meet him.