Proceeding contribution from Hugh Bayley (Labour) in the House of Commons on Wednesday, 30 November 2011. It occurred during Opposition day on Living Standards.
Living Standards
The hon. Gentleman should simply look at the record of the 13 years when Labour was in power. The real budget of the NHS almost doubled, but now we are seeing its real spending power being reduced, which his party promised that it would not cut. I want to speak briefly about help for small and medium-sized enterprises. Autohorn, a successful York business, runs the Europcar franchise and other car leasing and care hire businesses in my constituency, employing 60 staff. A couple of months ago, one of the high street banks withdrew a credit line worth £750,000, which financed roughly a sixth of the company's fleet. I wrote to the Minister with responsibility for small businesses and asked what he could do to help. He was sympathetic, but offered no practical help. I went to the bank, and I am pleased to say that it has renegotiated with the company and reinstated the credit line. The jobs in that business are now safe, and I hope that it will expand and take on more people. None the less, I say to the Government, ““The rhetoric is right, but please, you must do more to back up your rhetoric.”” They should make the banks do what they say they are doing and extend credit to successful businesses. There is no time for me to say what I intended to say about the debt, but let me just say this: there is no argument between our parties about the need to reduce the deficit, but there is a sharp difference about how to do it. The Government's plan A has made a difficult situation worse over the past 18 months. By cutting growth they have cut tax revenues, and by driving up unemployment they have increased spending. It is time for them to change their policy.
Secondary information
- Type
- Proceeding contribution
- Reference
- 536 c1027
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Children Disadvantaged Benefits rules Women Families Economic situation Personal income Low incomes Poverty Public expenditure Low pay Public finance Welfare tax credits Taxation Unemployment Standard of living Cuts
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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