Business and Trade
Reducing trade and mobility barriers between the UK and EU
“I join the whole House in congratulating the England team, in particular Tottenham Hotspur academy product Harry Kane for his heroics last night. I am also grateful to the Conservatives for their lecture on sanctimony, though I note that self-awareness was never their strongest trait. This week my community was rocked by the news that Coughlan’s Bakery—a family-run business that been operating in the local area for 89 years—will close its doors for the last time. In their announcement, they say: “This was so devastating as March was a fantastic month, as was a lot of last year with our growth with new stores opening, but as soon as April’s new Government rules kicked in on national insurance, wages and rates, it instantly hit the high street”. That shows that Government policy is directly killing long-term, family-run businesses. We warned the Government about this, and when we did we were told that they could not fund public services without the rises in business taxes, but let me make it clear to them: the Government will no longer receive any tax income from this local business anymore, and I fear that the revenue loss will continue to grow over the course of this year. Will the Government organise a statement from the relevant Department explaining what they are going to do about small businesses in distress, outlining how many are at risk and how many have already closed since April?”