Andrew Jones is the Member of Parliament for Harrogate & Knaresborough and Conservative Vice-Chair for Business Engagement.
John McDonnell has repeatedly declared his aim in life to be “fomenting the overthrow of capitalism”, a system that has ensured 200 years of economic growth for our country and left millions better off – not just in the UK but across the globe – by promoting business, entrepreneurship, and personal responsibility.
In contrast, the Conservative Party is proud to champion businesses and entrepreneurs and proactively engage with business people. Because we believe that the country can only succeed when it works in partnership with business.
The Prime Minister is committed to ensuring that, post-Brexit, Britain will be even more pro-business than ever before. That is why today she has launched five new business advisory councils, made up of pioneering leaders from a diverse range sectors, who will advise her on maximising the opportunities for business in the UK after we leave the EU.
It is an initiative from business, for business. They will make sure the Government hears directly from those who are creating new jobs and economic growth, helping us guarantee that the United Kingdom remains one of the most dynamic and business-friendly economies in the world.
Ever since she became Prime Minister, Theresa May has been active in promoting the UK as open to business. Like me, she believes that when it comes to business, actions always speak louder than words.
That’s why, earlier this year, the Prime Minister led a trade delegation on a trip to three key African markets: Kenya, Nigeria, and South Africa. It’s why, in August, she travelled with a large, multi-sector business delegation in order to strengthen the established links between the UK and China, which is expected to be one of the UK’s largest foreign investors by 2020.
It’s why, at the United Nations General Assembly in September, she made clear: this Conservative Government is dedicated to harnessing the enormous power of business as a partner in tackling some of the greatest social and economic challenges of our time.
That’s a message she repeated loudly and clearly in her speech to the Conservative Party Conference last month:
“Offering someone a job – creating opportunity for other people – is one of the most socially-responsible things you can do. It is an act of public service as noble as any other. To everyone who has done it – we are all in your debt. So, we in this party, we in this hall, we say thank you.
“And to all businesses – large and small – you may have heard that there is a four-letter word to describe what we Conservatives want to do to you. It has a single syllable. It is of Anglo-Saxon derivation. It ends in the letter ‘K’.
“Back business. Back them to create jobs and build prosperity. Back them to drive innovation and improve lives. Back them with the lowest Corporation Tax in the G20. Britain, under my Conservative Government, is open for business.”
A key plank of the Conservative Government’s commitment to business are the foundations we are laying through our modern Industrial Strategy – enabling businesses in every part of the country to create good jobs and bolster the earning power of people right across the UK. We have listened to business leaders, entrepreneurs, and start-ups – and have taken action to create the business environment that is most beneficial for them.
The Conservatives have always been the party of business: our philosophy centres on spreading opportunity and a belief in the power of enterprise and entrepreneurship as the means to harness talent and improve lives. As the Prime Minister says, we want to see people go as far in life as their talents and hard work can take them.
We believe that business and commerce are the cornerstones of every successful economy, and are the embodiment of our principles and values. We understand that it is business which drives wealth and innovation.
In his Autumn Budget Philip Hammond, the Chancellor, set out the Government’s plans to ensure we remain the best possible partner for businesses both large and small. As part of the new package of measures to support small- and medium-sized companies, the Government has committed an extra £30 million to ‘Be the Business’ – an initiative that will foster closer links between large corporations and smaller companies, to promote an environment of mutual support and allow bigger companies to mentor smaller ones so that they are able to realise their full potential and develop their management and leadership skills.
Jeremy Corbyn and McDonnell’s Labour Party will never understand that local businesses form the backbone of our communities – that they create jobs and pay the taxes which support our schools and hospitals. While this Conservative Government is supporting our high streets by cutting business rates by a third for two years – saving the shops we visit every day up to £8,000 each year – Labour openly call business the ‘enemy’ and advocate for extortionate taxes that will stop businesses up and down the country being able to create jobs, hire workers, and contribute to a thriving local economy.
The Chancellor also underlined in the Budget the way in which we are backing established firms and supporting start-ups as they grow by committing to a five-fold increase in the annual investment allowance for firms, taking it to £1 million. Not only are we helping all businesses, large and small, with their investments, we have also committed to supporting them with their costs by delivering the lowest corporation tax rate in the G20.
We are the party and government of business, because business is the embodiment of Conservative values; of enterprise, of freedom, of stability and of community. And the Prime Minister’s new business advisory councils will ensure that we continue to work closely together with industry to shape our economy and make the UK one of the most attractive countries in the world for those wanting to establish and grow a business.