Business Rate Supplements Bill

I start by drawing attention to my declaration in the Register of Members’ Interests. I strongly support the introduction of the Bill, and I disagree profoundly with the view expressed by the hon. Member for Bromley and Chislehurst (Robert Neill) at the end of his speech that the Bill will bring ““more harm than good””. He, as a London Member, will rue that remark, because the Bill is crucial to the future economic success of London. If ever there was a time when we needed investment in important infrastructure that will bring long-term benefits, this is it.