Dr Ben Spencer

In a different world, we would have a very different King’s Speech. We would have the alternative Conservative King’s Speech from the Leader of the Opposition—soon, hopefully, to be the Prime Minister—which would scrap business rates for those with rateable values of up to, I think, £110,000. I ask Members please to look at the details. In recent weeks, I have visited another company, in Egham in the north of my constituency. It is a very specialist logistics company, which transports medical devices to be used in pathology investigations. In fact, it has probably supplied the pathology department at St Tommy’s across the river. The company has been operating for 40 years, but when I met its representatives, they told me that it faced going to the wall because of the increases in business rates and tax burdens. I hope to God that the company will be OK—that the Government will change course and that it continues to be successful—but if it does go to the wall, all the jobs and livelihoods of the people who work for it will go with it. That is a story that affects businesses and organisations across my constituency. In Chertsey, Addlestone, Weybridge, Woodham, Row Town, New Haw, Oxshott and Stoke D’Abernon—in all the different parts of my constituency —businesses are struggling, and free enterprise is under pressure. It is dying, and it is dying because of the tax and regulatory burdens that are being imposed on businesses by this Government. For all the great words in the King’s Speech, the fundamental problem is the Government’s tax and spend approach and the intolerable pressure that is being placed on free enterprise and business. This is my final message to Labour Members: “As you agonise over the direction of the Labour party leadership over the next few days, please just remember that you cannot tax a company that has gone bust.”