Jonathan Reynolds

The Lib Dem spokesperson raises a few issues, but I would say first that doing a job like this, or any job in government, means acknowledging the trade-offs. The simple truth is that the things we will be talking about during this session and that everyone in the House wants to see funded were not funded in the plans that we inherited. Yes, it is always difficult to raise the tax burden on anyone in the UK, but priorities promised to the British people—for this successor Department, the money for the Port Talbot steelworks transformation and the compensation for the post office sub-postmasters—were not funded, so the Chancellor at the time did have to raise or find the money to fulfil the existing pledges that had been made. However, I promise the hon. Member that the aggregate impact or the balance for business—whether it is on employment rights or on taxation—is something this Department always fights very hard for in Government, because we are aware that the only way to fulfil the true ambitions of the British people is with an economy that is performing strongly, employing more people, and giving them hope and opportunity for the future. I do believe that this new Department, with the extra things that have come into it, has a genuinely exciting opportunity to bring a more coherent story to these interventions from Government, and that is the best way to a stronger economy.