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Baroness Neville-Rolfe (Con)

Speaking in the House of Lords on 30 June 2025

Debate

UK Modern Industrial Strategy

Contribution

My Lords, I want to ask the Minister about the apparently “Cinderella” areas of retail, hospitality and tourism, which have all been hit terribly hard by the Chancellor’s NICs hikes, especially the reduction in the NICs threshold to £5,000, which has led to shop and cafe closures in my home area of Wiltshire. There is barely a reference to their contribution in the industrial strategy, yet in the Conservative and Blair years there was an understanding of the innovation, growth and jobs for which retail, hospitality and tourism were responsible, with minimal cost to the Exchequer. Can the Minister explain why they have been abandoned?

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