Suella Braverman

I thank my right hon. Friend the Member for Stone, Great Wyrley and Penkridge (Sir Gavin Williamson) for calling this important debate and giving us a chance to raise issues on which we largely agree. Businesses are the lifeblood of our economy, the foundation of our communities and the building blocks of our country. I am proud to stand as a pro-business, pro-enterprise, pro-innovation Member of Parliament. The changes introduced by the Government, notably in the autumn Budget, to reduce the retail, hospitality and leisure relief introduced by the previous Conservative Administration from 75% to 40% will decimate the support available to independent small businesses, and will undoubtedly lead to closures, higher prices for consumers and less footfall across our vibrant high streets and shopping centres, particularly in my constituency. The examples that stand out for me in Fareham and Waterlooville include national retailers. Following the announcement in the Budget, Sainsbury’s in Waterlooville announced the closure of the café, as part of 3,000 job losses across the country. There is also the Canvas Printing Company, which stood proudly in Fareham high street for 16 years. It recently announced its closure, citing online shopping, reduced footfall and, particularly, business rates and staff costs as having contributed to that decision. Whether we are talking about a large business giving jobs and opportunities to local people to earn a living, or a small business where people have scrimped, saved and sacrificed for decades out of a passion to provide a service and generate revenue, those are devastating examples. However, I want to talk about a larger project in my constituency: the regeneration of Waterlooville shopping centre. I am sure everybody here knows about Waterlooville, but for those who do not, its history is so rich. British soldiers returning from Waterloo are said to have stopped at an inn called The Heroes to celebrate their victory at that famous battle. Legend has it that many of those soldiers later settled in the area; it was originally called Waterloo, but to avoid confusion, it changed its name to Waterlooville. That is why we have a fantastic local pub called The Heroes, which stands proudly in Waterlooville. However, I should say that whether it is The Red Lion in Fareham, The Chairmakers in Denmead or our cherished Heroes in Waterlooville, our pubs are struggling under this Government as a result of the national insurance rise and the punitive changes to business rates. We are working on the regeneration of Waterlooville shopping centre. The town has a proud history, and it is the largest town in the Havant borough council area, but it needs investment. There is a masterplan, and we are pleased to have welcomed new developers recently. On Wellington Way, for example, a company has refurbished the first floor for residential accommodation, and new commercial enterprises are going in on the ground floor. We have seen new companies, such as The Exchange, Babyccinos Play Café, Mini Town, Jolly Jellies and the dance school. I recently visited the Waterlooville Business Association, which is thriving and working hard to bring a more visible brand to the area. We are urging Lib Dem-controlled Havant borough council to proceed swiftly with adoption of the masterplan. Businesses are waiting for it to be adopted, so that they can have the requisite level of confidence to bring investment to Waterlooville. I am sorry about the Government’s changes, but I will continue to champion the regeneration of Waterlooville shopping centre.