Oral Answers to Questions

Will Stone Excerpts

Thursday 11th December 2025 Commons Chamber

[Mr Tanmanjeet Singh Dhesi (Slough) (Lab)]

14. What steps his Department is taking to support SMEs.

[Will Stone (Swindon North) (Lab)]

17. What steps his Department is taking to support SMEs.

[The Minister of State, Department for Business and Trade (Chris Bryant)]

Without our small businesses, we as a country are nothing, which is why we have published the first small business strategy in 10 years. We are going to change the law to tackle late payment, unlock billions to support businesses to invest, and revitalise the British high street.

--- Later in debate ---

[Chris Bryant]

As my hon. Friend knows, I know a bit about Slough, because my brother is a headteacher there—and I am sure he has been helping out some of the pubs. The most important point is that we fully acknowledge that it has been a very difficult few years for the hospitality industry across the whole of the UK. That is one of the reasons we set a target of 50 million international visitors to the UK by 2030. If we are to do that, we have to make sure that pubs survive. My hon. Friend will know that, when the Conservatives left office last year, they had no plan to replace the covid recovery funds and no plan to meet the coming cliff edge in the revaluation of business rates. That is why it is so important that we have put in £4.3 billion to protect businesses and provide transitional relief.

[Will Stone]

Will the Minister outline what work he is doing with the Ministry of Defence to support our defence SMEs, given the situation in Ukraine at the moment?

[Chris Bryant]

The single most important thing is that we have a defence industrial strategy. We should always have had a defence industrial strategy, because as many of us will know, up and down the land there are small and larger businesses that rely on the support they get from providing for the MOD. When I was in Auckland a few days ago, I was able to speak to the New Zealand navy about buying British frigates, which would be made in Rosyth. I very much hope that we will be able to get that over the line. We are determined as a Government to use these industrial opportunities in the MOD to deliver good jobs across the whole of the UK.