Promoting Business and Growth

Northern Ireland is a great place to live, work and invest. That is something the Secretary of State and I have promoted in our over 120 visits and meetings. Growth is a key mission of this Government, which is why we are supporting UK businesses through securing further investment and through our industrial strategy. The Chancellor will set out the steps this Government are taking to support growth across the UK on 30 October.

Businesses in Northern Ireland are struggling to operate in a constantly shifting regulatory environment that is deterring investment and decreasing business confidence. It is no wonder that a third of UK businesses want the Government to reduce Brexit-related barriers, such as customs procedures, according to a recent survey by Santander. A starting point would be agricultural trade. Will the Minister update the House on progress in negotiating a new veterinary and plant health agreement with the European Union?

Many businesses have secured excellent deals in Northern Ireland, including EY, which is bringing over 1,000 jobs; Wrightbus, at its bus factory in Ballymena; and Hannon Pharma Link. We are working at pace on a veterinary agreement. We want to reduce checks and the need for checks, doing all that we can to protect the UK’s internal market. This Government have brought in economic stability in place of the economic chaos we saw up until now, and Northern Ireland businesses will benefit from that.

It is all very well talking about an industrial strategy, but economists agree that increasing national insurance contributions for employers reduces profits, reduces pay and leads to fewer jobs. Does the Minister agree that if the Government decide to raise taxes, perhaps to fund union pay rises, then employer national insurance contributions would be the last tax to choose if they want to support Northern Ireland’s economy?

It is hard to take lectures from the Conservative party on investment and growth. We have had a change election. We will be investing in growth. The hon. Member has only a week to wait to listen to what will be happening in the Budget. In the meantime, we are going at pace. The international investment summit brought in considerable investment for companies based in Northern Ireland. We are moving on with our industrial strategy, Invest 2035. We are investing in skills and getting people into work, and transforming our health services. That is essential so that people will want to come to Northern Ireland because of good health services, and so that they will be well enough to work. All of that is a package for investment in Northern Ireland.

I call the Chair of the Northern Ireland Affairs Committee.

At last week’s international investment summit, the Prime Minister and the Chancellor announced a total of £63 billion of private investment into the UK economy. What steps are the Secretary of State and the Minister taking to ensure Northern Ireland is at the forefront of this Government’s effort to stimulate the investment that is needed?

The Secretary of State went to the international summit with the First and Deputy First Ministers and they are all working together on this. The Ballymena bus manufacturer, Wrightbus, recently signed a deal worth £100 billion to supply more than 1,000 buses to Go-Ahead.[Official Report, 24 October 2024; Vol. 755, c. 6WC.](Correction) That shows real business confidence in Northern Ireland. We are also focusing on the skills gap. I have met wonderful skills providers across Northern Ireland to talk about how we can get people into well-paid jobs and to achieve faster growth.

It is good to hear from the Minister about the work being done to close the skills gap. Can she provide further examples of that work and lay out her intentions for the future?

My hon. Friend is right to raise the issue of the skills gap and economic inactivity in Northern Ireland. I have met wonderful skills providers across Northern Ireland, such as the Rural Women’s Network, Bolster Community, the Superstars Club, Disability Action Northern Ireland, Ulster University and the King’s Trust. A wealth of work is being done on good skills support, and we in the UK Government want to work with the Northern Ireland Executive to continue to provide support in that area. A reliable, bespoke skills offering is essential to futureproof Northern Ireland’s key growth sectors.

I call the shadow Minister.

The Minister talks about growth, but the Mid South West region growth deal, which was paused by this Government, now lies inactive with no direction, and there are reports that much-needed private sector business involvement is now withdrawing. Will the Minister accept that this Government’s handling and pausing of these growth deals was haphazard? Will she apologise to the people affected and enter urgent direct talks with businesses to get this deal back off the ground?

The Secretary of State and I are in constant talks about such deals and with the deal providers. I know the value of these deals not just to the regions affected, but across Northern Ireland. However, the Government face a £22 billion black hole, and it is right that the Treasury considers all options on the table to address that. We will find out more in the Budget next week. The Mid South West and the Causeway Coast and Glens growth deals are being considered as part of the spending review, and the Government will continue to work closely with the deals’ partners and the Executive. The Secretary of State and I will continue to underline the importance of these deals to my ministerial colleagues in the Treasury.

I call the leader of the Democratic Unionist party.

We look forward to a positive conclusion to those discussions next week. As the Minister knows, both representatives from the Mid South West region growth deal and the Causeway Coast and Glens growth deal are in Westminster today. Will the Minister acknowledge that, in working with businesses and in trying to encourage greater trade within our own country, the appointment of a chair of Intertrade UK was an important first step, but work needs to start, the terms of reference need to be set and businesses need to be able to engage with that body established to support trade within our country?

I agree with the right hon. Member that Intertrade UK needs to get going with its work to encourage investment between all of the regions and nations of the UK. It is very important to set the terms of reference, and we are working with the organisation as fast as we can now that the chair is in their place

I thank the Minister for her reply. She will know from discussions with her Cabinet colleagues that decisions have been taken to delay the agreement on parcels, to delay the agreement on customs, and to avoid taking the decision on UK-wide labelling. Myriad other decisions were also made and supported by this House, including Labour Members, that are required to be implemented from the “Safeguarding the Union” document. She will know about the interface between trade and constitutional politics, so I urge her to engage with the Secretary of State, the Paymaster General and others within the Cabinet to get on and deliver what businesses and the people of Northern Ireland need?

We are not the only Ministers who came into office three months ago to have faced all sorts of decisions that should have been taken by the previous Government. We have taken up those decisions on parcels and on every aspect that the right hon. Member mentions. He is right to raise them, because we do need to work on them to ensure that we protect the UK internal market and that we create the best possible regime for business.