Dr Neil Shastri-Hurst

It is a pleasure to follow so many excellent maiden speeches this afternoon. The Budget marks a seminal moment in the parliamentary calendar. Irrespective of party politics, there is a collective desire that any Budget provides the foundations for our great nation to succeed. My constituency of Solihull West and Shirley, with its range and breadth of businesses, is an important economic driver for the west midlands. Having sat down with 17 business leaders last Friday, and having visited multiple businesses in the lead up to the Budget, it is important that I convey their balanced and market-led views. Businesses look for stability. They want to understand the Government’s growth and economic plan for an industrial strategy. However, as one CEO described it, the Budget represents private industry versus public sector, employer against employee. One cannot have well-funded public services if there is no private industry to pay for them; one cannot have high employment rates if there are no private business to spur job creation; and one cannot have economic growth if private investment is driven out of this country. This Budget has brought businesses more complexity and uncertainty. As a consequence of last Wednesday’s announcements, businesses in my constituency have already announced recruitment freezes. By now, the Chancellor will have received my letter, sent yesterday and signed by approximately 40 Members of this House and the other place, regarding the impact that her new national insurance contributions policy will have on general practitioners, dentists, hospices and care homes. These vital services will be forced to decrease staff numbers, thereby creating further pressures on the NHS and public services.