Steve Darling

It is a pleasure to serve under your chairmanship, Dr Huq. I congratulate the hon. Member for Rushcliffe (James Naish) on his incredibly powerful speech and other colleagues from across the east midlands and nearby on the love they have shown for this part of the United Kingdom. We could almost say that we are under the moon of love—in fact, that reminds me that nobody has mentioned a great cultural export from Leicester: Showaddywaddy. I have fond memories of them from my childhood in the 1970s. It is important that we reflect on where we have come from economically and the challenges that we face. The Tories crashed the economy—colleagues have covered that well—and the fact that we are having to pay so much interest on debt holds back our economy. The Liz Truss crash put some of the challenges that we face on steroids. The lack of investment over many years has affected the whole country, including the east midlands. The challenges we face in the south-west of England, as a part of the country that feels left behind, are not dissimilar from those that the east midlands faces. I represent the most deprived constituency that has a Liberal Democrat MP. I would like to reflect on some of the positives. In my patch, we have an outstanding fishing industry, alongside the hospitality, electronics and photonics industries. That chimes with what colleagues have said about the manufacturing tour de force in the east midlands: whether it is Siemens, Rolls-Royce or Toyota, there are large companies powering the east midlands economy, and there are SMEs doing the same. With so many Labour MPs here, I am afraid to tread on toes, but I will anyway. The national insurance hike has, sadly, had an impact on our economic growth and has led to uncertainty, speculation and delays to budgets. We desperately needed a firm hand on the tiller after the Tories, and it has not been there. I hope for the sake of the economy that we will see one soon. The Employment Rights Act 2025 is not a massive issue for companies like Toyota or Rolls-Royce, which have the capacity, but for SMEs and microbusinesses it is more of a challenge. I implore the Minister to reflect on that.