Judith Bunting, Lib Dem Parliamentary Candidate for Newbury, Judith Bunting, welcomed Lib Dem MEP Catherine Bearder to Newbury on Monday (22nd May) to discuss the future of Newbury’s business sector, with particular reference to leaving the European Union.
Richard Deal, who owns Deal Varney a property management company in Newbury and describes himself as politically neutral, was pleased to have the opportunity to lobby an MEP and to discuss the Liberal Democrat manifesto commitments that will affect the local economy, including the referendum on the terms of Brexit. He told Judith and Catherine:
“Our work here (at Deal Varney) is closely associated with local businesses. If they are succeeding, we will succeed”.
Explaining the Liberal Democrat demand for a second referendum, Catherine Bearder said:
“Contract negotiations often include a cooling off period. That is all the Liberal Democrats are asking for. If the deal the Conservative team negotiates with Brussels is not good enough, the British people deserve an opportunity to change direction of the UK and a vote on whether to Remain within the EU.
Judith Bunting briefed Catherine Bearder on the local economy and the needs of the local business sector. Referring to the Al Shaqab Lockinge Day meeting at Newbury Racecourse, which she attended on Saturday, she told Catherine Bearder how last year the event drew an audience of 13,000 racegoers into the town.
Judith Bunting said:
“We have a diverse economy in Newbury and West Berkshire with major employers such as the racing industry and high tech global businesses. All are dependent on a strong infrastructure whether transport or rural broadband.
“But as well as the need for public infrastructure investment, the role of entrepreneurs and small businesses in delivering a thriving economy is fundamental I believe there is a vital need for access to finance for new businesses, and those wishing to scale up.
“Creating true competition means allowing new businesses to rise and challenge established companies. There are also many well-established small businesses and traders which form the backbone of our local economy in West Berkshire. Our priority in supporting entrepreneurs and small businesses is to ensure that they have access to the funding they need, and in particular long-term capital.”
The Liberal Democrat manifesto for business includes plans to:
- Expand the activities of the state-owned British Business Bank, enabling it to perform a more central role in the economy by tackling the shortage of equity capital for growing firms and providing long-term capital for medium-sized businesses.
- Create a new ‘start up allowance’ to help those starting a new business with their living costs in the crucial first weeks of their business
- Support fast growing businesses seeking to scale up, through the provision of mentoring support.
- Review business rates to reduce burdens on small firms, and make them the priority for any future business tax cuts.
- Reform the Regulatory Policy Committee to remove unnecessary regulation, reduce regulatory uncertainty, and support new markets and investment, particularly in low-carbon and resource-efficient innovation.