Mr Gagan Mohindra

Mr Gagan Mohindra

Conservative — South West Hertfordshire

Speaking in the House of Commons on 21 May 2025

Debate

Business and the Economy

Contribution

It is a pleasure to follow the hon. Member for Harlow (Chris Vince). Harlow is quite close to my old stomping ground, so I know some of the areas to which he referred, although I am surprised that he did not mention the enterprise zone, which is a world-class area for business. I will focus my comments on my constituency—Three Rivers district council is the main council area there—where we have seen business closures outpace new openings since July 2020. My local high streets in Rickmansworth, Chorleywood and South Oxhey are visibly suffering, with shuttered shops, rising costs and dwindling support. Historically, those high streets never had vacancies. As a former retailer, I am increasingly concerned about the volatility in our high streets. Whichever side of the House we are on, if we do not fix this problem, we will leave a poor legacy. The small businesses that I speak to say that they feel abandoned by the Government. They are facing high energy bills and rent, and poor footfall. Part of that—things like parking charges and on-street parking—is not the Government’s responsibility but down to decisions made by Lib Dem local councils. I continue to have dialogue with those councils to ensure that high streets like Kings Langley’s can survive during these difficult economic times. On an international basis, we need to recognise that a lot of wealth creators are leaving our country. Many years ago, I read a book called “Atlas Shrugged” by Ayn Rand, and I did not think at the time that it would have such an influence on my life. As many hon. Members will know, I was not politically active at school or university, so I never thought or dreamed of being in this place—let alone aimed to be here—at this stage of my life, but all of us come to this place with life experience and a journey, and part of that for me has been that Ayn Rand book. My overriding memory from that book was that, if the Government do not support wealth creators, those people will find a way to leave, to the detriment of the rest of society.

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