Gareth Thomas MP: speeches

Speeches

• 17 Jul 2025 · Capital and Export Finance: SMEs · Hansard source

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  On 26 June, the Department published our trade strategy, announcing the expansion of UK Export Finance’s capacity to £80 billion. We also announced measures to give smaller firms, including those in Buckingham and Bletchley, better access to export protection insurance. The significant increase in the capacity of the British Business Bank will also help to improve access to capital for SMEs, including, potentially, in my hon. Friend’s constituency.

• 17 Jul 2025 · SME Operating Costs · Hansard source

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  Absolutely. We want to hear from businesses up and down the UK, across different sectors, about the practical measures that we can take to support them and their plans to grow and develop. If my hon. Friend has particular examples of businesses that want to make representations, I am sure that we as a ministerial team would want to hear from them.

• 17 Jul 2025 · SME Operating Costs · Hansard source

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  I have to apologise to the hon. Lady, because I have not yet seen the Liberal Democrats’ policy proposals, but I look forward to that treat over the summer. I am grateful to her for backing our plans on energy costs. We are supporting a pilot in the west midlands to help SMEs to reduce their energy costs. It offers full energy audits and funding to implement measures that can bring down energy costs. The scheme seems to be working well, and we have recently extended it.

• 17 Jul 2025 · SME Operating Costs · Hansard source

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  Yes, Madam Deputy Speaker. I gently say to the hon. Lady that in a recent survey almost three quarters of SME businesses were confident about the future. She is right to challenge us to go further in increasing support for SMEs. One of the ways that we are doing that is by increasing access to finance for SMEs, through the significant expansion in the capacity of the British Business Bank.

• 17 Jul 2025 · SME Operating Costs · Hansard source

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  Over the past five years, SMEs have faced a challenging operating environment because of the consequences of the Liz Truss Budget, the poorly negotiated trade deal with Europe, covid and increasing global uncertainty. Interest rates have come down four times under this Government, we have negotiated a new trade deal with Europe and, complementing our industrial and trade strategies, we will bring forward an SME strategy to put in place further long-term support to help SMEs start up and expand.

• 17 Jul 2025 · Post Office IT Systems: Redress for Postmasters · Hansard source

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  My hon. Friend describes just one example of the terrible human impact that the Post Office scandal has had on many good people up and down our country who served their communities and who were treated unbelievably badly by the Post Office. I will of course look into the case that my hon. Friend has raised. We are determined to do more to help not just her constituent but all those who are still waiting for compensation.

• 17 Jul 2025 · Post Office IT Systems: Redress for Postmasters · Hansard source

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  By the end of last month, approximately £1.1 billion had been paid in total redress to almost 8,000 claimants. This represents a fourfold increase over the past 12 months, with more than 5,000 victims receiving compensation for the first time. We have also committed to extending redress to family members. As the House knows, there is still much left to do, and we are considering carefully the recommendations that Sir Wyn Williams made last week in this regard.

• 17 Jul 2025 · Post Office IT Systems: Redress for Postmasters · Hansard source

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  I, and I suspect the whole House, share the hon. Gentleman’s frustration. There were many opportunities to stop the Post Office scandal, and compensation should have been paid out to all the victims a long time ago. We have quadrupled the amount of compensation paid out in the past 12 months, and 5,000 victims who had not received compensation 12 months ago have now done so. Is that good enough? Of course not; there is a lot more to do, and the recommendations that Sir Wyn Williams made last week are helpful in that regard.

• 17 Jul 2025 · Hospitality Sector · Hansard source

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  I recognise that my hon. Friend is a great champion of businesses in his constituency, and I was pleased to meet one of them when I was there recently. I absolutely recognise the significance of business rates reform. The Chancellor has been very clear that she is committed to business rates reform, and we will set out further detail on our plans in the Budget later this year.

• 17 Jul 2025 · Hospitality Sector · Hansard source

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  I completely agree with the hon. Lady about the huge importance of hospitality to all our communities and to helping many people who have difficult routes into employment to get their first steps back into a job. One of the steps we have taken is to set up our hospitality fund, working with the great organisation Pub is The Hub, to help landlords to diversify what they offer and drive more footfall into the pub. The fund also supports charities that are working with those furthest away from the jobs market to get into jobs. It is strongly supported by hospitality businesses through the Hospitality Sector Council. As I have said, we have a commitment to a small business strategy and we will set out further measures to help hospitality in that regard.

• 17 Jul 2025 · Hospitality Sector · Hansard source

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  I very much sympathise with my hon. Friend’s frustration about what both the SNP and the Conservatives have done to free parking in his constituency. I sympathise because the Tory-run council in my constituency has taken similar steps to curtail free parking, which has undoubtedly had an impact on the town centre. I hope that the concerns my hon. Friend has articulated today will be heard loud and clear in his constituency, and that action will be taken. Our SME strategy will set out a range of steps that we are determined to take to back small businesses and help entrepreneurs across Britain.

• 17 Jul 2025 · Hospitality Sector · Hansard source

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  We recognise the vital role hospitality plays in driving growth and strengthening all our communities. That is why we have committed to permanently lower business rates for the sector from 2026-27 and announced a hospitality fund to co-invest in projects that boost productivity and help community pubs adapt to local needs. It is also why we have launched an industry-led licensing taskforce to reduce red tape and other barriers.

• 17 Jul 2025 · Hospitality Sector · Hansard source

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  I thank the hon. Lady for her kind invitation. It is possible that I will be darkening the door of businesses in her constituency this summer. We are determined to continue working with hospitality businesses, whether in Scotland or in the rest of the country. As I said in an earlier answer, we have set out plans for a licensing taskforce to look at what else we can do to lower the cost of red tape and regulation. As the hon. Lady rightly says, we are taking measures to reform business rates, and perhaps the Scottish Government might like to follow our example.

• 17 Jul 2025 · Hospitality Sector · Hansard source

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  One of the most important measures that will help the hospitality sector is business rates reform. We have set out our commitment to do that, and we are working with all the different parts of the business community, including the hospitality sector, to get our reform proposals right. As I alluded to in a previous answer, we will publish an interim report giving more detail of our thinking on business rates reform, and the Chancellor of the Exchequer will confirm our plans in the Budget later this year.

• 17 Jul 2025 · High Street Businesses · Hansard source

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  The Chancellor announced last year that from the next financial year, 2026-27, we intend to introduce permanently lower tax rates for retail hospitality and leisure properties. A permanent tax cut will ensure that those businesses will benefit from much-needed certainty and support. Treasury colleagues have been engaging businesses on their proposals for a fairer business rates system. The Government plan to publish an interim report on their work and more detail will also be set out in the Budget in the autumn.

• 17 Jul 2025 · High Street Businesses · Hansard source

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  One measure that the hon. Gentleman referenced was business rates. As I said in answer to previous questions, we are determined to introduce permanently lower business rates for the retail sector for businesses with properties under a value of £500,000. I hope that will make a difference to businesses not only in Leicester in his constituency, but more generally across the country.

• 17 Jul 2025 · High Street Businesses · Hansard source

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  To breathe life back into Britain’s high streets, we are addressing antisocial behaviour and crime, rolling out banking hubs, stamping out late payments, establishing a licensing taskforce, empowering communities to fill vacant properties and reforming the business rates system. There is more to do and our forthcoming small and medium enterprise strategy will set out further steps.

• 17 Jul 2025 · High Street Businesses · Hansard source

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  The hon. Gentleman makes an interesting point about what further measures we can take to bear down on the cost of regulation for small businesses. It is one reason the Chancellor set up a licensing taskforce that has brought forward a series of recommendations and will shortly publish its conclusions, which the Government will respond to quickly. We are absolutely determined to do what we can to bear down on the cost of regulation for SMEs.

• 17 Jul 2025 · High Street Businesses · Hansard source

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  Before I had heard about the attractions of Warrington, I had heard about those of Consett. I was pleased to visit my hon. Friend’s constituency and meet many of the great businesses there just before Christmas. We have introduced measures to fill empty properties, including high-street rental auction powers for councils, which can free up space for new businesses. We are also protecting vital services on the high street through the roll-out of banking hubs, with 170 opened so far. This week, we published our Green Paper on the future of the Post Office, which sets out our plans to do even more to provide banking services on high streets, which, again, I hope will help to bring more footfall on to the high street and help businesses such as the ones that she knows only too well.

• 17 Jul 2025 · High Street Businesses · Hansard source

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  One reason the hon. Gentleman’s party lost the confidence of business is that it promised many, many times that it would reform business rates and never did. The Chancellor of the Exchequer has set out our commitment to permanently lower business rates for the hospitality sector—we have already taken steps in that regard—and she will set out our plans to do even more. That is one way in which we are backing up our commitment to SMEs in the hospitality sector and more generally.

• 17 Jul 2025 · High Street Businesses · Hansard source

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  We have taken a range of measures to support businesses such as the one the hon. Gentleman mentions. My right hon. Friend the Secretary of State announced our plans for a business growth service to make it much easier for businesses to get the advice they need on how they can start up and scale up. The Chancellor set out in the spending review a two-thirds increase in the capacity of the British Business Bank, which will make it a lot easier for businesses to access the finance they need to start up and scale up. As many hospitality businesses continue to point out the significant crime and antisocial behaviour in town centres, the extra police officers that we have recruited, and our commitment to recruit still more, will make it easier to bear down on shoplifting and other antisocial behaviour.

• 17 Jul 2025 · High Street Businesses · Hansard source

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  The hon. Gentleman is one of those Conservative Front Benchers who have yet to tell us, if they do not like the increase in national insurance contributions, how they would pay for the extra investment in hospitals, schools and our police force. I gently say that the difficult decisions the Chancellor of the Exchequer had to take in the Budget last year were a direct result of the £22 billion black hole left to us by the Conservatives. Our small business strategy will set out further measures that we will take to have the back of British entrepreneurs.

• 17 Jul 2025 · High Street Businesses · Hansard source

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  My hon. Friend makes Warrington sound like a particularly attractive place for a Business Minister to visit, so if she does not mind, I will add that to the list of places that I am keen to visit. Independent businesses, as she rightly says, play an important role in supporting local growth and community cohesion. We plan to introduce permanently lower business rates for retail hospitality and leisure properties with a rateable value of under £500,000 and we have introduced a hospitality support scheme to co-fund projects that aim to help those furthest from the job market into employment and to boost productivity. I think that will help many of the businesses in her constituency.

• 17 Jul 2025 · Support for Cycle Manufacturers · Hansard source

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  I am grateful to the hon. Lady for her suspicion that I have considerable influence with the Treasury. We are always in discussions with Treasury colleagues, and indeed colleagues across Government, about what more we can do to support business. Another indicator of improving business confidence is a survey by the American Express business barometer, which pointed out that almost three quarters of small and medium-sized enterprise bosses are confident about the future—again, up from last year.

• 17 Jul 2025 · Support for Cycle Manufacturers · Hansard source

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  First, I commend the hon. Lady for the humour in her question. As she will recognise, this is Business and Trade Question Time, not Treasury Question Time, where tax measures are usually dealt with, but I am sure that the Treasury will note her comments. I should perhaps point her to recent surveys of business confidence: the Lloyds Bank business barometer pointed out that business confidence is at a nine-year high. I am sure she will be delighted by that news.