Andrew Griffith

I hate to intrude on socialist grief, so let me move on. Business leaders make decisions only when they have considered the context of all external factors, so it is important—I hope the Government agree—that we consider the statutory instrument in the context of the current headwinds faced by British business. Right now, businesses across the land are working through the tough choices they will have to make to keep their businesses viable in the face of this Government’s job-killing, investment-crushing, growth-destroying Budget, because of choices this Government have made. It was this Government who chose to place enormous burdens on business with their new tax on jobs. It was this Government who chose to halve business rates relief for retail and hospitality. It is this Government who are choosing to push through their Employment Rights Bill, which will increase unemployment, as we saw today, and prevent young people from ever getting their first chance of a job. Business confidence has been knocked down and jobs are at risk, and it is no surprise when we consider that not a single person sat around the Cabinet table has real experience of running a business. No sectors have been hit harder than retail and hospitality. The British Retail Consortium has said how Labour’s Budget will increase inflation, slow pay growth, cause shop closures—the very shops that will have to participate in this scheme—and reduce jobs. The CBI has said that retail businesses have gone into “crisis containment”. The Institute of Directors found that economic confidence has fallen for a fourth month running—does anyone know what those four months have in common? The number of businesses closing has increased by 64% since the Budget. That is the shocking reality and the context in which the Government seek to bring forward today’s statutory instrument, putting more burdens and more cost on business.