During the recent debate on the Enterprise and Regulatory Reform Bill, Richard called on the Government to do more to support business and to encourage job creation:
“Enterprise and regulatory reform, part of the title of the Bill, are words to bring succour to those who work in the engine room of the British economy — words that can take a thousand ideas for a new business, which have been discussed over a pint or sketched out on paper, and transform them into job-making, wealth-creating vehicles of growth.
“The anticipation for the Bill is almost tangible, but I fear that it will fall short of fulfilling the hopeful expectations. Where is the rolling back of the myriad fees and charges that are blithely imposed on businesses; where is the relief for shopkeepers from the sky-high rateable values set at the peak of Labour’s boom-cum-bust; and where is the implementation of our policy to roll back job-destroying EU regulation?
“The Bill’s proceedings should have started with a rallying call to our businesses that this Government are unambiguously on their side; a statement cherishing the principles of the free market as the most liberating force for social good; a determination to embrace, defend and expand the global free market that has lifted hundreds of millions of people from poverty, to which too many were consigned by the misguided socialist policies of the past; a rebuttal of the insidious assumption, which too often underlies Government intervention, that, left to their own devices, people who run their own business cannot be trusted. That assumption should be replaced by a presumption of trust that in starting and growing businesses, people are doing the essential work of a grateful nation, burdened by its debts and seeking the wealth to maintain its cherished public services.
“Capitalism delivers by its results what all rival systems can only promise on paper. That is a truth that the Bill should have heralded as clearly and unequivocally as President Obama did just last night:
’I believe the free enterprise system is the greatest engine of prosperity the world has ever known.’
“We need to spread access to capital for people to start their own businesses, so that it is as available in Bradford, Burnley, Bath and Bedford as it is in London, Oxford, Cambridge and Edinburgh. We need to create a front-foot nation, a nation of entrepreneurs. It must be as much a part of our culture for people to want to own their own business as to want to own their own home. We need a people with the willingness to start, the ambition to grow and the courage to try again. We need a local community spirit that expects, encourages and supports those endeavours.”
Richard Fuller MP, 17th October 2012, House of Commons