Contribution
I am always a little worried when Members cheer because I am last!
I join colleagues in recognising and supporting important measures in the Budget that will give people across Lichfield, Burntwood and the villages—the place I call home—valuable breathing space. There are 34,790 households across my constituency that will receive £100 directly into their bank account in January because of this Budget. That comes on top of the removal of VAT from energy bills, the return of the £2 bus fare, and the promise to get rid of standing charges on gas. Haulier businesses have also been supported by the delay to the fuel price escalator. We could go on and on and on. Any of those changes on their own will not be the end of the cost of living crisis, but I am already hearing from people back home who are so happy that this Government understand the importance of giving them that breathing space in their personal finances.
The changes to small business rates relief announced by the Chancellor in the Budget will mean that many businesses in our town and city centres and in our villages will be lifted out of paying any business rates at all, and many more will see a smaller bill. Fifteen premises in the centre of Sankey’s Corner in my constituency will be taken out of paying that bill at all—that is a huge number of shops that will now have more money to put back into their businesses and the community. I have been unable to get the total figure for how much will be saved there, but it looks like it will mean an investment into that community of anywhere between £50,000 and £100,000 per year forever. That is a real investment in a high street in Burntwood by this Government.
Similarly, of around a dozen shops on the high street in the village of Fradley, four will no longer be paying business rates at all and a further four will have their bills cut because of this Budget. On top of that, across Lichfield and East Staffordshire, some 764 retail, hospitality and leisure businesses will see their rates frozen in cash terms because of decisions made by this Labour Government.
I am pleased that the Government are pressing ahead with plans for devolution across Staffordshire and Stoke. While the previous Government pushed power and funding into the West Midlands conurbation and the East Midlands combined authority, they gave a cold shoulder to the county to the north. This Government are prepared to step up and give our county the powers, and drive the economic growth, to bring good jobs across our area. Just yesterday, I spoke to the principal of South Staffordshire college about the importance of getting these powers to where they need to be, so that our skills training can meet the needs of our local area, especially the rural areas of my constituency and the wider county. The economy needs workers, and ensuring that those workers have the skills they need is something that is so important to areas like Staffordshire. I am excited to get the decisions on skills made in the right places.
There are a few other points that I wanted to pick up, but in the interests of time I will turn finally to the mineworkers’ pension scheme and the British Coal staff superannuation scheme. The pension schemes for former coalminers and mineworkers have been poorly set up for so long, so I am very pleased that this Government have moved even closer to delivering the justice that coalfield communities—like mine, in Burntwood, Handsacre and the surrounding areas—deserve. The end of the Treasury grabbing half of the scheme surpluses should be applauded; the end of the standstill clause so that bonus pensions can be guaranteed should be applauded; and the previous return of the investment reserve to the people who earned it should be applauded. All those steps for communities should be applauded, and they simply would not have happened without a Labour Government.
However, there needs to be action on the last remaining piece of the jigsaw: the final reserve—the guarantor’s fund. The commitment from the Chancellor to move quickly on this, and the commitment this week from the Work and Pensions Secretary this to happen in weeks not months, have been really welcome, but we cannot wait. Miners have already waited for far too long. Every day, miners leave the scheme. Every day, we lose people. We cannot afford to wait any longer. We must push for them, because it is their money—they earned it—and this Labour Government need to do what we should always do: stand up for our mining communities.