Sir Gavin Williamson

Thank you, Madam Deputy Speaker, and may I say what a delight it is to see you in the Chair this evening? I was not going to start by saying this, but I agree with the Secretary of State for Energy Security and Net Zero, when—and I may misquote him slightly—he spoke about “decent jobs at decent wages.” I absolutely agree, and that is what we all want to see in every one of our constituencies right across the country. However, I do not believe that this Budget goes any way towards delivering those decent jobs at decent wages, and certainly not in Staffordshire. As we look at what is happening, we are seeing inflation rising. G7 comparisons are trotted out, but we will have the highest inflation in the G7 this year and also next year. The OBR has forecast that inflation will stay higher for longer, and why is that? It is because of the Chancellor’s last Budget. I am not sure whether this Budget will have helped reduce those pressures, but the initial indications certainly seem to be that it will not. This is a real problem because it is impacting people’s real lives. We are seeing food price inflation rising in 2025: it was 4.9% in October, up from 4.5% in September. This is having an impact on everyone’s lives—on their household incomes and how they get by. This is a very bad Budget for jobs in Staffordshire, because nothing is being done at all for the ceramics industry. It is not as large an employer as it used to be 30 years ago, but it is still an important employer, whether at Dunoon in my constituency, Steelite, Churchill or so many other great businesses producing pottery in Staffordshire. This Budget will make it more difficult for them to produce pottery in Staffordshire, because it will mean they have higher costs. Having spoken to some of those working in the ceramics industry only last week, I know that a third of everything they spend is on energy costs. To compare this with the United States or continental Europe, producers are looking at half the price of what Staffordshire businesses are paying for their energy costs. How are we able to compete on the global stage if we do not help those producing in this country to have energy costs that mean they are competitive? I appreciate that the Minister summing up is the Secretary of State for Transport, but I hope that she will be able to respond to that point. One of the most successful technology companies in this country is based not in London or Cambridgeshire, but in Stoke-on-Trent, and it is called bet365. It is the world’s leading technology company for betting. It employs 5,500 people in Stoke-on-Trent, and it is the single biggest private sector employer there. Those who work there live not just in Stoke-on-Trent, but right across Staffordshire, the north-west and the country. However, this Budget could destroy one of our most successful technology sectors, and for what? On the gambling tax increases, the OBR noted in its analysis: “The behavioural responses to these changes are uncertain but are estimated to reduce the yield by around one-third. We estimate that operators will seek to pass through around 90 per cent of the duty increases by increasing prices or reducing payouts, leading to a reduction in consumer demand which reduces the yield from the measure by £0.5 billion by 2029-30. The elasticities used to estimate the demand effect also capture potential substitution to the illicit market, and substitution between different forms of gambling due to the tax differentials introduced through this policy.” This will be a hammer blow to jobs in the city of Stoke-on-Trent and in Staffordshire.