Government Performance against Fiscal Rules

Sarah Dyke Excerpts

Monday 7th July 2025 Commons Chamber

[Darren Jones]

I thank my hon. Friend for welcoming the trade deals that this Government have entered into with the United States, India and the European Union, with whom we got a great deal, especially on food and drink imports and exports, which will result in lower prices on the shelves of our supermarkets across the country. As my hon. Friend knows, we have committed to an annual summit with our counterparts in the European Union, and I am sure that my ministerial colleagues will set out further detail on those negotiations in due course.

[Sarah Dyke (Glastonbury and Somerton) (LD)]

George is the fifth-generation owner of Knight’s fish and chip shop in Glastonbury. It is a much-loved business in the town, but it is under severe pressure after the NICs increases and business rates and some of the decisions made by Ministers on our economy. Hiking national insurance hurts our small businesses and economic growth. So will the Minister back small businesses by overhauling business rates and scrapping the NICs hike?

[Darren Jones]

The hon. Lady will know that when the changes in national insurances contributions for employers were implemented, the scheme was designed so as to protect smaller businesses, in relation to bigger business. She points to our fish and chip shops, which are often beloved in all our communities. I know from fish and chip shops in my own constituency that the price of fish, for example, has gone from about £100 to £300 a box. The price of oil has gone up following the Russian invasion of Ukraine, and even the price of potatoes has gone up, often because those products are imported from the European Union into the UK. That is why our trade deal on food and drink with the EU as well as our investment into cheaper renewable energy will make a big difference to fish and chip shops such as the one that the hon. Lady mentioned.