Fantastic to see so many Labour MPs stand up today to make the case for investment, jobs, and industrial strategy.
Whilst the Govt is wrapped up in scandals of its own making, we’ll continue to be the voice the country needs pic.twitter.com/26I9nmIGS1
— Jonathan Reynolds (@jreynoldsMP) January 11, 2022
This week Liz voted, via her proxy, to call on the Government to support businesses that are facing huge challenges this year. The Government abstained on the vote.
Soaring energy bills, a difficult Christmas trading period and crippling inflation have put British business under pressure. Labour’s fully costed plan will help consumers and businesses weather this crisis, and get the economy firing on all cylinders. Labour would:
- create a £600 million contingency fund to support struggling firms
- freeze business rates this year, saving the average small shop or factory £4,000
- scrap and replace business rates with a fairer system fit for the 21st century, ensuring online giants and bricks and mortar shops are on a level playing field
The Government has refused to support these measures, but it is British firms that will pay the price.
You can see what Labour’s Shadow Secretary of State for Business, Energy and Industrial Strategy, Jonathan Reynolds MP, said during the debate in the clip above. You read more about yesterday’s debate and Labour’s plans for business here.
