Category: Speeches

Rishi Sunak – 2017 Speech on the Budget

The speech made by Rishi Sunak, the Conservative MP for Richmond, in the House of Commons on 9 March 2017.

It is a privilege to speak in this debate. In all the excitement from Fleet Street, it would be easy to forget who yesterday’s Budget is really about, so I will share with the House how many of my constituents will feel about it. Whether it is the schoolboy with a first-rate technical education who will now have the chance of a better job and a solid wage, the small business owner who knows that when she speaks up her Government listen, or the mother who knows there is a Conservative Chancellor at the helm making the difficult decisions so that her children have well-funded public services and a country that lives within its means, for the hard-working people of North Yorkshire this is a Budget that delivers where they need it most.

Norman Lamb

How does that schoolboy or schoolgirl feel about an 8% cut in funding per student by 2020 under this Government?

Rishi Sunak

I am not sure that I recognise the right hon. Gentleman’s figure. The schools budget has been protected, and the Government are rightly consulting on the iniquity in the current funding system which means that constituents in my rural area are worse off to the tune of hundreds of pounds per pupil compared with very similar pupils in other parts of the country. I am delighted that the Government are addressing those iniquities in their consultation.

Seema Malhotra

Will the hon. Gentleman give way?

Rishi Sunak

If the hon. Lady does not mind, I will make some progress and come back to her.

I begin with small businesses. My predecessor, Lord Hague, has a well-documented enthusiasm for beer, so it will come as no surprise to Members that pubs are a cornerstone of my rural constituency’s economy. Following in his footsteps is difficult enough, but it is impossible for me to visit a pub in my constituency without seeing a picture on the wall of William pulling a pint with the landlord. Not only is my constituency home to more than 200 pubs, but I am proud to say that it hosts the Campaign for Real Ale’s 2017 pub of the year: the community-owned George & Dragon in Hudswell. I was delighted to be in Hudswell just last Friday when the landlord Stu Miller, his family and team received their award in the loud company of everybody from the village.

In recent months I, like many other hon. Members, raised concerns that the revaluation of business rates risks penalising such small, enterprising businesses. I am delighted to say that this was the Budget of a Chancellor who, like any good barman, listens to our concerns. For the landlords who run them, the jobs that depend on them and the communities that enjoy them, this Budget’s £1,000 business rate discount will make a real difference to many pubs at a time when money is still tight.

But pubs are not the only rural businesses that the Budget will help. Auction marts and livery yards across North Yorkshire have seen particularly steep rises in their business rates because the idiosyncrasies of such companies are not well understood by officials and because the last revaluation coincided with the disastrous foot and mouth epidemic. Such idiosyncrasies are more than even the most ingenious civil servant could be expected to foresee. Auction marts, livery yards and riding schools are particularly important to the fabric of our rural community, so I thank the Chancellor for the extremely welcome creation of the new £300 million discretionary business rates fund, which will put decision making back in the hands of communities and allow businesses in constituencies such as mine to benefit from the local knowledge of councils in ensuring a smooth transition to the new schedule.

Stephen Doughty

The hon. Gentleman was talking about pubs, and he will know that I am a keen pub goer. Indeed, I was in a pub in his constituency the other day, enjoying a pint with my cousins. What does he have to say to customers in pubs, who are going to face a 3% increase in the price of a pint?

Rishi Sunak

What I say to customers and to the hon. Gentleman is that I am sure that the Minister doing the wind-up will be able to say how much better off customers are from having benefited from several years of freezes in beer duty that would otherwise have been put in place. I am sure they would also like to hear that this Government will be consulting on new duty rates for white cider and still wine to see what more could be done to help customers who drink those alcoholic beverages. Lastly, let me say that I would welcome him back to my constituency any time and will be happy to share a pint with him next time he is there.

Seema Malhotra

I have not yet been to a pub in the hon. Gentleman’s constituency, but I recognise the benefits for pubs in my constituency. May I extend the question about customers in pubs, many of whom may be self-employed? Have they reflected with him on their concerns about the proposed rise in national insurance?

Rishi Sunak

I thank the hon. Lady for raising that issue. If she will allow me, I will deal with that exact point later in my speech.

The last measure in support of local businesses that I wish to highlight is the £690 million fund available for local authorities to address urban congestion. Congestion is not something one would ordinarily associate with the rural idyll of North Yorkshire’s villages and market towns, but the residents and community of Northallerton are relentlessly frustrated by the level crossing near our vibrant and diverse high street, as its impact on local business is substantial. I have convened meetings of local authorities and Network Rail to discuss plans to alleviate the congestion, and I very much hope the Chancellor’s new fund can help us.

As the Chancellor so rightly pointed out in his Budget speech, supporting our businesses is a means to an end, not an end in itself. If our children are to benefit from the more than 2 million new jobs created since 2010, they will need the right skills. The 2.4 million apprenticeships created in the last Parliament are a momentous achievement, but we must also recognise that although most of us think of apprentices as young people, 16 to 19-year-olds—school leavers—account for less than 10% of the increase in new apprentices. That means that too many school leavers are still sticking with an inappropriate classroom education rather than a first-class technical one. The Chancellor’s announcement of new T-levels is a crucial step in redressing the balance and closing for good the gap between the classroom and the factory floor, for which our economy has paid a high price for too long. I therefore welcome the new half a billion pound investment in increasing training hours, the streamlining of technical qualifications, the provision of high-quality work placements and the introduction of maintenance loans. Taken together, that is a powerful package to help to ensure parity of esteem between technical and academic education.

Yet I also urge Ministers to continue to look carefully at my campaign, supported in the recent industrial strategy, to create a UCAS-style system for apprenticeships. This branded, one-stop-shop portal would not only end the classroom divide between those applying to university and those applying for apprenticeships, but, by bringing everything together in one place, help businesses to connect more easily with young apprentices in schools.

Turning to national insurance, I, like many Conservative Members, have always believed in low taxes as a spur to economic growth, but when a Government inherit a deficit of £100 billion the greatest priority must be returning to sound finances and doing so in a way that is fair. I believe it is right that those who benefit from public services make an appropriate contribution to paying for them, and that is what this Budget’s changes to national insurance will ensure. Sixty per cent. of self-employed workers—those earning less than £16,000—will see a decrease in their national insurance contributions as a result of the removal of the regressive class 2 band. Workers earning up to almost £33,000 will be no worse off when these changes are taken together with the increases to the personal allowance, and for those earning more the average increase in contributions will be a few hundred pounds. It is right to ask: is this fair? I believe that it is.

Historically, different rates of national insurance for the self-employed and the employed reflected significantly different benefits and access to public benefits, but that difference is no longer there. Indeed, changes to the state pension, which is partly funded by national insurance, mean that self-employed workers now benefit from an extra £1,800 annually in pension—this is something they would need to save up to £50,000 for to receive in the private sector. Similarly, self-employed couples starting a family can now benefit from almost £5,000 in tax-free childcare support.

In this House, I always hear calls for investment in public services, such as this Budget has provided for in social care, but those investments need to be paid for. Her Majesty’s Revenue and Customs has estimated that it is losing about £5 billion a year from the increasing trend of self-employment, so it is right that we make small changes to ensure that everybody contributes to the public services and benefits we value. It is important to recognise that even after these changes the tax system will still recognise the particular issues faced by self-employed workers and will favour them in its tax rates and treatment. They will benefit from a lower rate of national insurance than employees; they will still not bear the cost of employers’ national insurance, which is levied at a substantial 13.8%; they will still have the ability to offset losses and gains over years; and they will still benefit from a more generous treatment of tax-deductable expenses. I am also encouraged that in the longer term the Government are committed to looking at the whole issue of the increasing trend towards self-employment, and to ensuring that we reflect those changes in the economy in our tax system and ensure that everybody is treated fairly. This small change is thus necessary to protect the things we value, and it is fair and proportionate.

In conclusion, we have all learned to be a little cautious of economic forecasts, but if the Office for Budget Responsibility is right, the first students to sit their T-levels will do so in a country with 1 million new jobs, double today’s productivity growth and, for the first time in two decades, national debt falling as a percentage of GDP. This Budget, like the ones that came before it, is building a country where our businesses will not have to pay for the profligacy of the past and our children can look forward to a bright future. Nothing could be more important than that, so I commend this Budget to the House.

13/11/2022
Rishi Sunak – 2017 Parliamentary Question on Free Ports

The parliamentary question asked by Rishi Sunak, the Conservative MP for Richmond, in the House of Commons on 18 April 2017.

From Merseyside to Teesside, ports are a great northern success story. Will my right hon. Friend look into the potential for the creation of free ports throughout the United Kingdom? Free trade zones would increase trade, create manufacturing jobs and boost regional growth, which are all key ingredients of our future economic prosperity.

Mr Hammond

My hon. Friend has made the case for free ports, and the Government have heard that case very clearly. We will consider all options that have the potential to support our ambition to see Britain as a great global trading nation, but before making any decisions we shall need to consider carefully not only the advantages that free ports can deliver, but the costs and potential risks associated with them.

13/11/2022
Rishi Sunak – 2017 Speech on the Finance Bill

The speech made by Rishi Sunak, the Conservative MP for Richmond, in the House of Commons on 18 April 2017.

From the discovery of Australia to the invention of the cat’s eye, the history of Yorkshire’s people is nothing if not entrepreneurial. That spirit is alive and well in my constituency in particular. From Heck sausages to Tennants auction house and the Wensleydale Creamery, ambitious SMEs are at the heart of our community and economy. Before I arrived in this place, I spent my career investing, backing businesses like those with the capital they needed to grow. I am delighted that this Finance Bill recognises what my years in the investment industry taught me—that ready access to finance is the fuel of success for ambitious SMEs, just as successful SMEs are the fuel of a prosperous economy. Yet, as I have said in the House before, the UK funding landscape for growth businesses presents challenges.

Just 3% of British companies manage to expand beyond 10 employees—half the success rate of businesses in America. The UK has a relatively shallow bond market for early stage businesses, and a venture capital sector that is just a seventh the size of America’s. British entrepreneurs often face an uphill struggle to attract equity risk capital. That is why the Government have enhanced the enterprise investment scheme and created the seed enterprise investment scheme. Since their inception, these programmes have together helped more than 3,000 companies to raise more than £15 billion in early stage finance. The Finance Bill builds on that success to ensure that these schemes help even more small businesses to access investment, grow and create jobs.

Under the current regulations, shares with a right to future conversion are unfortunately regarded as a pre-arranged exit, making them ineligible for EIS and SEIS. But that goes against the reality of conversion arrangements. Far from opening the door to tax avoiders, conversions are often a crucial mechanism for facilitating an initial public offering. If an SME has the ambition to accelerate its growth through accessing the public markets, the Government should not stand in the way. I am pleased to say that the Bill addresses that anomaly. However, there is more we can do.

Many lawyers, accountants, investors and entrepreneurs say that the EIS process is often too complicated and takes too long. The Government’s recent consultation on the advance assurance service, which lets HMRC assess a firm’s EIS eligibility before it seeks funding was welcome, and provoked ideas about what we can do to speed things up. First, I can see the logic for introducing some form of fee for advance assurance. This would help to raise the resources necessary for HMRC to provide a smoother service with greater transparency around processing times and specific dates for document review. Secondly, we could look at the use of standardised documentation, which would save time and money for all participants, enabling HMRC to speed up its approvals.

Thirdly, we must look at how to simplify the EIS rules and their interpretation. Of course, provisions must be made to stop tax avoidance, but the widespread view of practitioners is that the pendulum has swung too far the other way. In the words of one leading venture capital lawyer, there are now “too many gotchas” in the current set of rules. In general, it is the view of the EIS Association, admirably chaired by Lord Flight, that a large part of the reason for this complexity is the need for our laws to comply with EU state aid rules. I hope that when we leave the European Union, the Government will have the opportunity to look at simplifying the EIS rules and ensure that our SMEs get the capital they need to flourish.

I will briefly touch on two other points in the Bill: tax reliefs for sports clubs and companies donating to them; and museums and touring exhibitions. The internet enables us to be so much closer, but we cannot replicate the presence of being close to a Barbara Hepworth sculpture or looking at Shakespeare’s first folio. The Government’s incentives to take exhibitions around the country will enable us all to share in our cultural history and heritage.

When it comes to backing small businesses, this Finance Bill—like the others that came before it—shows wholeheartedly why this Government’s record is unmatched. As the British voters decide in the next few weeks who can best steward Britain’s economy, I commend this Bill to the House.

13/11/2022
Rishi Sunak – 2017 Parliamentary Question on the Friarage Hospital

The parliamentary question asked by Rishi Sunak, the Conservative MP for Richmond, in the House of Commons on 4 July 2017.

Last week I met doctors and nurses at the Friarage, an excellent small hospital serving a rural population spread over 1,000 square miles. Will my right hon. Friend urge South Tees Hospitals NHS Foundation Trust to do everything it can to ensure the continued provision of emergency care clinicians and anaesthetists at this vital local hospital?

Mr Dunne

I am aware that my hon. Friend has taken a strong interest in the number of consultants and anaesthetists available at the Friarage hospital. I will be happy to meet him to discuss his concerns in person.

13/11/2022
Rishi Sunak – 2017 Parliamentary Question on Reducing Protectionism

The parliamentary question asked by Rishi Sunak, the Conservative MP for Richmond, in the House of Commons on 6 July 2017.

I thank my right hon. Friend for giving way and for his powerful and optimistic speech on free trade. On reducing protectionism, does he agree that leaving the customs union will give us the ability to reduce import tariffs on many goods that we do not produce here at home, which will reduce costs for ordinary working families and benefit many developing countries by helping them trade into prosperity?

Dr Fox

That is an important point. At this morning’s International Trade questions, we made the argument that being outside the common external tariff will give us freedoms to help many developing countries in a way that we are currently unable to. I hope that that will act as a spur to others taking similar measures, because we will encourage poorer countries to trade their way out of poverty and become less dependent on international aid programmes. I do not think that that is a party political issue, but the question is how best to achieve it in practice.

On the progress that has been made, we have reduced poverty levels to their lowest in history. As the world’s emerging economies have liberalised trade practices, prosperity has spread across the globe, bringing industry, jobs and wealth where once there was only deprivation. According to the World Bank, the three decades between 1981 and 2011 witnessed the single greatest decrease in material deprivation in human history. It was a truly remarkable achievement.

The Leader of the Opposition has accused the Prime Minister of following “free trade dogma”. He went on to say that this has often been pursued at the expense of the world’s most fragile economies. In fact, any economist worth their salt can see that free trade has been one of the most potent liberators of the world’s poor. Let us take India as a specific example. In 1993, about 45% of India’s population sat below the poverty line as defined by the World Bank. By 2011, it was 22%—too many, but a phenomenal achievement. It is no coincidence that, in the intervening period, India had embraced globalisation and started to liberalise its economy. It is hard to imagine an international aid programme—even one as generous as our own—that would or could have been so effective on its own.

Sadly, it is also easy to find examples of where a lack of free trade has harmed the most vulnerable. If we want to see the contrasting results of open and closed economies, we should look across from China to the Korean peninsula, where so much attention is focused today. In 1945, both North and South Korea began from a very similar base, but while South Korea was more embracing of open trade and free markets, despite any shortcomings, Pyongyang turned inwards, with the tragic consequences for its citizens that we see to this day. [Interruption.] I am happy to give way to the hon. Member for Bishop Auckland (Helen Goodman) if she thinks that North and South Korea enjoy the same living standards today.

13/11/2022
Rishi Sunak – 2017 Parliamentary Question on “Living Within Our Means”

The parliamentary question asked by Rishi Sunak, the Conservative MP for Richmond, in the House of Commons on 18 July 2017.

The Chancellor will be aware that the current cost of Government borrowing is at a historical low, with gilt yields at 1%. Does he agree that, if markets lose confidence in our ability to live within our means, the cost of that borrowing would spiral, costing us billions of pounds? That would mean less to spend on our public services.

Mr Hammond

My hon. Friend is right to warn of the danger of a loss of market confidence in UK fiscal policy—I am looking very hard at the right hon. Member for Hayes and Harlington (John McDonnell). If markets lose confidence in UK fiscal policy, they will re-price lending to the United Kingdom. We already spend more every year on servicing our debt than on our armed forces and police services together. It would do a huge disservice to taxpayers in this country if we created conditions that would cause the cost of that debt to rise.

13/11/2022
Rishi Sunak – 2017 Speech on Universal Credit Roll-Out

The speech made by Rishi Sunak, the Conservative MP for Richmond, in the House of Commons on 18 October 2017.

I believe our welfare system should do three simple things. It must be compassionate to those who need our help, it must be effective in getting them the help they need, and it needs to be fair to those who pay for it. Simply put, universal credit is a rare example of a policy that delivers on all three counts.

To start with compassion, rather than recipients having to make calls to up to three different agencies when something in their life changes, universal credit simplifies the system and ensures that nobody misses out on a benefit that they are entitled to because of a bureaucracy that is simply too complicated to navigate.

Dr Philippa Whitford (Central Ayrshire) (SNP)

Is the hon. Gentleman aware that people trying to claim universal credit have reported being on the phone for an hour trying to get their case dealt with? At 55p a minute, that cost is astronomical.

Rishi Sunak

I am sure that the hon. Lady was here and heard the Secretary of State make the point that the calls that have been made were all to local rate numbers. It is not right to say that they were premium rate numbers. As of today, those calls have been made free for all claimants, although they were offered the opportunity to be called back for free if the call charge was difficult. I am aware that the average wait time is two minutes, and of course a wait time of an hour is unacceptable. I am sure Ministers have heard that and will be doing everything they can to ensure that everyone across the country benefits from a prompt and cheap response.

At the same time as simplifying the system, universal credit humanises our bureaucracy by recognising that those who need our help do not have exactly the same needs. Instead of a faceless homogeneity, for the first time personalised work coaches can compassionately take into account the specific needs of each individual and their specific circumstances, tailoring the approach to them and ensuring that they get the specific help that they need.

Neil Coyle

How simplified, fair and supportive does the hon. Gentleman think it is for the 116,000 working disabled parents who are set to lose £40 a week from the disability income guarantee?

Rishi Sunak

I cannot say that I recognise that figure, because £700 million more was made available in the last set of universal credit reforms, all of which was directed at the most vulnerable in our society.

Neil Coyle

Will the hon. Gentleman give way again?

Rishi Sunak

No, I will carry on, given the number of people who want to speak.

Compassion alone is not enough. The effectiveness of our welfare system should be properly judged by the number of lives that it transforms, and that transformation comes from well-paid work. Universal credit ends the well-documented problem of single parents effectively working for free if they want to work for more than 16 hours. Universal credit ensures that all work truly pays, and it is working. Compared with the system that it replaces, claimants spend twice as much time actively looking for work and, for every 100 claimants who found employment under the old system, 113 will find employment under universal credit. In reality, the lives of more than 250,000 people will be transformed over the course of the roll-out through having a decent job and the opportunity to build a stake in our society.

Finally, universal credit is fair to the people who pay for it. In Britain today, we spend around twice as much on working-age welfare as we do on education. To put it another way, for every £1 that the taxpayer sends to the NHS, they also send £1 to the working-age welfare bill. Given the sums involved, I make no apology for speaking up for those who ask me, “Is this money well spent?”

Sarah Jones (Croydon Central) (Lab)

The hon. Gentleman talks of the transformational impact of universal credit, so will he please comment on the transformation for my constituents? In Croydon, two thirds of families in local authority housing are now in rent arrears and face eviction, compared with less than a third before universal credit was introduced.

Rishi Sunak

I obviously cannot comment specifically on what is going on in Croydon, but the reasons for rent arrears are complicated. The evidence shows that the level of rent arrears after three months of universal credit is exactly the same, if not lower, than under the old system.

Returning to the sums involved, universal credit ensures a responsible and sustainable system by putting in place a sensible regime of conditionality. That gives hard-working taxpayers the confidence that when they contribute to the system, not only will that help somebody to get back on their feet, but that the person will also have a responsibility to do their bit. That is fair.

Universal credit is not perfect—no system so large and complex can be—and we should make improvements where we can, but it is significantly better than what it replaces, and the fundamentals of what it is trying to achieve are sound. It has been implemented slowly and methodically. It is insane to argue that it has been rushed when the full roll-out will have taken almost a decade from start to finish. This is welfare reform in action: making things simpler, ensuring work pays, and transforming lives. I urge the Government to carry on with their plan.

13/11/2022
Rishi Sunak – 2017 Speech on Transport in the North

The speech made by Rishi Sunak, the Conservative MP for Richmond, in the House of Commons on 6 November 2017.

My hon. Friend has done excellent work analysing these numbers, and I completely agree with his point that it is multigenerational. The point is that, from now on, that gap needs to start closing.

Secondly, London has Crossrail, the midlands is getting HS2, and now we in the north need the Government to back Northern Powerhouse Rail. The Government’s £300 million down-payment is certainly welcome, but we will need a lot more to show the people of the north that the Government mean business.

Thirdly, in my own area, the new Tees Valley Mayor has campaigned to upgrade Darlington station, to vastly improve its capacity and connectivity. It is an excellent proposal and the Government should get behind it.

Fourthly, from Teesside to Merseyside, and from Tyneside to the Humber, one of the north’s many strengths are its great ports. As I set out last year, after we leave the EU we should create a new generation of US-style free ports to turbocharge manufacturing, trade and employment in our great northern port cities.

Finally, we must make sure that the rural north is not left behind. Advances like autonomous vehicles will have their biggest impact in sparsely populated rural areas like mine—for example, by allowing elderly constituents to access distant health services more easily, or stimulating our local economies by allowing people to head to the pub without worrying about who will drive home.

It might seem strange to hear all this from a boy born in Southampton, but I am deeply proud to now call the north my home. So as long as I have a voice in this House, I will speak up loudly and forcefully for my home’s bright future, and for an economy that, with the right investment, can be the powerhouse not just of Britain but of the world.

13/11/2022
Rishi Sunak – 2017 Parliamentary Question on Transport Funding for the North

The speech made by Rishi Sunak, the Conservative MP for Richmond, in the House of Commons on 6 November 2017.

Does my hon. Friend agree with the point made by the hon. Member for Bradford South (Judith Cummins) that the Treasury and the Department for Transport need to consider economic development and the rebalancing of the economy as criteria for the allocation of new money, so that it does not go only to the places that are already economically vibrant?

Kevin Hollinrake

I absolutely agree. I have looked at the figures in detail and, as my hon. Friend said in his speech, the distribution of central Government spending is much more level before other factors are added in. In London, the money allocated by central Government per person per year is about £40 per person, but if other investment is added in—from the European Investment Bank, local authorities and private finance—that is when the disparity occurs. We have to find mechanisms to make sure that the north gets a fair deal. It is not just about central Government distributing money unfairly; other factors are at work, which is why we need to work across party lines to make sure we can deliver a solution.

As I said earlier, the way things are now is how they have been for decades—for generations—so we all need to work together. It is not just north versus south; it is principally London versus the rest of the country. We have a big constituency of MPs and businesses right across the country who have a stake in making sure that we get a fair deal, but we need to look behind the broad, headline figures, because it is simply not right that the Chancellor is allocating lots of money to London and not to the rest of the country. Other factors are at work that we need to take into account and find solutions for.

Once we have found those solutions, there are so many projects that we need to support. It is absolutely right that we should look at northern powerhouse rail or HS3. As my hon. Friend the Member for Cleethorpes (Martin Vickers) said, we need to look at extending the M11 up to the Humber bridge. We need a tunnel across the Pennines. We also need to look at the small regional roads, such as the A59 and the A1079 in my constituency, and particularly the A64, on which a journey of around 40 miles from York to Scarborough can take two hours. We need more funding for the smaller, less high-profile projects that are so critical to our local economies. If we can get the money—if the people holding the purse strings will give us the tools—we can do the job.

13/11/2022
Richard Drax – 2022 Speech on Levelling Up Rural Britain

The speech made by Richard Drax, the Conservative MP for South Dorset, in 9 November 2022.

It is a genuine pleasure to follow my hon. Friend the Member for Penistone and Stocksbridge (Miriam Cates) and to listen to her excellent speech—all the speeches have been excellent, I must say—and I thank my hon. Friend the Member for North Devon (Selaine Saxby) for securing this debate.

I see that two of my colleagues from Dorset are here and longing to speak, so no doubt they will have a similar message to give the Minister. It is nice to see him in his place; I will target my seven minutes at him specifically and the Treasury even more so regarding the levelling-up bid that we have done once and we are now hoping to do again.

I would like to conjure up the picture of a cake—a chocolate cake, because that is my favourite. At school, when we had birthdays, a cake used to arrive and the teacher used to cut up the cake into the appropriate slices. My eye always fell on the slice that was slightly bigger because the teacher got it slightly wrong when he or she tried to divide the cake. We always hoped that we would get that slightly bigger slice, but of course we got the smaller one.

The point I am trying to make is that cutting up the cake is incredibly difficult, and the Government face all kinds of financial problems right now, but on behalf of South Dorset I ask for at least a slice of the cake. I do not want all of it, I do not want half of it but, for my constituents, can we please at last have a fair share of the cake? We have lost out again and again.

While it is true that Dorset as a whole is relatively prosperous, that perception masks significant pockets of deprivation. Weymouth, its largest urban area, hosts some of the most deprived neighbourhoods in the county. My South Dorset parliamentary constituency, the vast majority of whose constituents are residents of Weymouth and Portland, is ranked as having the lowest level of social mobility in the country. Huge efforts are going in to try and improve that. We are trying to attract more businesses to raise the incomes, salaries, expectations, aspirations and education. We have heard about buses, broadband and all the other things with which I entirely agree. I am asking the Minister for just a little bit of money, so that the private sector can invest on the back of the investment by the Government. We know that the Government cannot give us all the money we want—that would just be impossible, and the country would be even worse off than it is now. What we want is enough money to try to attract the private sector into places such as Weymouth, Portland and Swanage, and other rural constituencies, so that the private sector can do all the hard work. However, it cannot do it unless the Government create the infrastructure so that the private sector is attracted.

I will give the House an example. In Weymouth, we have the most attractive harbour, a peninsula and a marina. The walls of those facilities have not been touched for 50 or 60 years and they are in poor repair. The Environment Agency will not allow us to regenerate around those areas until the walls have been repaired, which will cost millions of pounds. A large part of our bid for the second round of the levelling-up fund will go towards repairing those walls. Once they have been repaired, we can regenerate. Once we regenerate, the private sector will come in and do all of this, and then we will get the jobs and the investment that we desperately need.

I am not asking the Government on behalf of my constituents for multi-millions of pounds, nice though that would be; I am asking for targeted money at Weymouth—a seaside resort that like so many seaside resorts is struggling to cope. It is struggling because so many people now go abroad for holidays. Flying abroad is so cheap and fewer people are going to resorts such as ours, beautiful though they are. We have lost the naval base, the Royal Naval air station, the ferry terminal and local government offices, so we need to replace those with other investments from private business.

I thank the Government for the Dorset enterprise zone, which is in Winfrith, not far from Wool. That has been a huge success. With the help of Government funding, we have now attracted some very big companies, including Atlas Elektronik, which is a huge company that deals with submarine warfare. The new BattleLab, which the Army has put in there, is generating huge amounts of business. Local small businesses work together with the Ministry of Defence to come up with solutions to problems, and it is proving a huge success.

We are asking for some targeted money, please, from the Government so that private enterprise will come and invest in South Dorset. My final point, in addition to the Government money, is to please not forget us. I think we have heard that from every speaker in the debate so far. Rural constituencies are so easy to forget because such a small number of people, in effect, live in them compared with all the urban and major metropolitan areas in this country. The Government tend to forget that the rural constituencies and rural areas are just as important and significant.

Rurality, as I am sure we will hear from my two Dorset colleagues, is not taken into account. Buses, if they exist, take longer. People are trapped in their homes. I think we heard from one Member about someone imprisoned in their home, because the bus came only once a week. That is not uncommon in Dorset or South Dorset. More connectivity and, as we heard from another Member, more joined-up thinking for rural communities are exactly what are needed.

I conclude on this point. I am aiming my comments in the main at the bid for the second round of the levelling-up fund. We were category 3, and we have now gone to category 2. I urge that, in the Government’s mind, we need to be category 1. For all the reasons I have explained, we would be most grateful if when round 2 is announced we are definitely in it.

13/11/2022