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Proceeding contribution from Olivia Bailey (Labour) in the House of Commons on Tuesday, 3 December 2024. It occurred during Debate on bill on National Insurance Contributions (Secondary Class 1 Contributions) Bill.


National Insurance Contributions (Secondary Class 1 Contributions) Bill

I ask the hon. Gentleman not to twist my words. I very clearly said that I was intimidated by the sheer scale of the mess that the Conservative party left our economy in, and the hard conversations I have had to have with my constituents because of how much harder that has made it to make things better for them.

Some of the bigger businesses in my constituency will find the changes difficult, and I thank those who have shared their views with me, but I believe that this was a fair choice, given the situation that we are in. Small businesses in my constituency will benefit from the changes, and there is also the benefit to all of us from our significant investment in public services. Hairdressers, beauticians, cleaners, independent shops and artisan bakers—the lifeblood of Reading West and Mid Berkshire —will stand to benefit from the expanded employment allowance, which will allow them to employ the equivalent of four full-time workers on the national living wage without paying any national insurance contributions on their wages.

Businesses in my constituency will also benefit from our reforms of business rates, our action to tackle late payments, our significant investment in roads and infrastructure, our plan to restore our high streets, our commitment to the lowest corporation tax in the G7, and, of course, our cast-iron commitment to protecting economic stability and growing our economy.

As we heard from my hon. Friend the Member for Basingstoke (Luke Murphy), the Conservatives want to have their cake and eat it. They say that they support investment in our public services, but they do not say how they would pay for it. They have perfected faux outrage, but they crashed the economy and left a huge mess for us to clean up. They are yet again unwilling to make tough decisions in the national interest, but we will not repeat their mistakes. We will fix the foundations of our economy and our public services, working hand in hand with our great British businesses, and we will get our future back on track.

5.10 pm


Secondary information

Type
Proceeding contribution
Reference
758 cc166-235 
Session
2024-26
Chamber / Committee
House of Commons chamber
Subjects
Childcare Charities Business Eligibility Employers' contributions Economic situation Hospices Local government NHS National insurance contributions Wales Social services Scotland Small businesses GP surgeries Hospitality industry
Legislation
National Insurance Contributions (Secondary Class 1 Contributions) Bill 2024-26
Link
View this Proceeding contribution on hansard.parliament.uk