We remain on the right track - The Rugby Observer

We remain on the right track

Rugby Editorial 11th Jun, 2014 Updated: 27th Oct, 2016   0

Last week the Conservative Party secured a very positive result in the Newark by-election obtaining 45 per cent of the vote and returning a Conservative MP to Parliament.

The result in Newark was an endorsement by the electorate of the Conservatives long-term economic plan which is securing a better future for our country.

It was telling that the voters in Newark gave no backing to Labour who came a poor third. When Labour came to power in 1997 they won Newark with 23,000 votes, in 2005 they won over 15,000 votes, but last week they did not even manage 7,000 votes.

It is clear the people of Newark do not see Ed Miliband as a credible Prime Minister or Labour as a party capable of Government and continuing Britain’s economic recovery.

Last week also saw the Government outline its plans for the upcoming year in the Queen’s Speech. The speech marked the next stage in the Government’s long-term economic plan which aims to secure our country’s economic recovery and provide hard working people and families with security and peace of mind for the future.

The Queen’s Speech outlined measures to cut income tax even further for over 25m people, gives people more security in retirement, protects workers and backs small businesses to create more jobs.

As a former small businessman myself I am delighted the Government is not letting up on its commitment to small businesses. I am proud it is unashamedly pro-business and its leadership has been strong in standing up for the needs of small businesses, here in Rugby, and across the country.

Getting access to finance is the bread and butter issue for many small businesses. Sadly, when businesses are turned down for credit from a bank they are more like to scrap their growth plans than seek help from alternative lenders.

This is why the Government will force banks to refer businesses they reject on to other providers which will usher in much needed competition and support more broad based growth.

I welcome the steps the Government has already taken to ease access to finance such as the introduction of the Business Bank, levelling the playing the field and removing distortions which helped incumbent banks, reducing barriers to entry in the market and improving transparency but now the Government has now to go further.

The Queen’s Speech was positive for people and businesses in Rugby, and although there is more to do the country is on the right track and our recovery is in safe hands.

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