Mr Gagan Mohindra

I have always thought that business rates were totally outdated. They generate a significant amount of money for the Treasury, so it is resistant to reform without knowing for certain how it will fill that significant black hole. We have not spoken about hospices and the effects of NICs increases on the charity sector. Others have spoken about the winter fuel allowance. All these things affect our most vulnerable individuals, and the community groups and charities that fill a massive void that the state or the private individual do not. My worry, which is increasing, is that we are doing things that will have unintended but significant consequences. We chose this subject for debate to ensure that the Government heard loud and clear from across the House that where they do the right thing, we will support them, and where they need to adjust their direction of travel—I will not say “U-turn”—we will support them. It benefits no one, and provides no benefit to our communities, if we just chuck political grenades. I will end my remarks on the loss of business confidence. Small businesses are closing, investors are leaving, inflation is rising and confidence is collapsing. I know that there is a direct lack of business experience on the Treasury Bench, but that is neither here nor there. I know that there are various economists, think-tankers and so on in the Minister’s party, but I urge him to listen to those who run businesses of whatever shape or size, because that life experience brings them value in this place. My hon. Friend the Member for Broadland and Fakenham (Jerome Mayhew) created a business that employs 1,000 people. That is real life experience; he knows how the Government’s decisions would have influenced the projections and ambitions of his business. I know from my continuing conversations with businesses that they are looking to shrink and be secure rather than expand and be ambitious. That is not what the UK is about; we are outward-looking and globally ambitious. I wish the Government success in getting to that point.