Andrew Griffith

Andrew Griffith

Conservative — Arundel and South Downs

Speaking in the House of Commons on 21 May 2025

Debate

Business and the Economy

Contribution

Of course, I agree with my hon. Friend, but it does not actually matter what I or others think, because the reality is that the data does not lie. As of now, we have 100,000 fewer people on payroll than we did 12 months ago, so the data is already telling us about the cumulative chilling effect of those measures. That is perhaps unintended. We learn today that the Chancellor and the Deputy Prime Minister are at odds, and perhaps the Business Secretary is the third leg on that stool, with each of them bringing forward measures that are enormously damaging to business. They are perhaps not adding up the sums and seeing eye to eye to understand the lived experience of what it is like to be a business on the receiving end of all of those changes, cumulatively and all at the same time. Many businesses will, from the start of April this year, not only face a payroll increase of around 10%—in an economy without such a level of topline growth, so that hits margins directly—but, because of the failure of the Government to maintain business rates relief at anything like the same level for our retail, hospitality and leisure, have seen their business rates double. Imagine that all hitting a business on 1 April this year.

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