Future of Town Centres and High Streets

I congratulate the Backbench Business Committee and the hon. Member for Nuneaton (Mr Jones) on securing this important debate. The state of our high streets and town centres is important not only for our local economies and for providing jobs, but for strengthening our local communities. I think that setting up the Portas review of the high street was an inspired decision by the Government, although Members will not be surprised to hear that I have concerns about how the Government are supporting the retail sector. Retail is our country's largest private sector employer and accounts for 20% of the UK's gross domestic product. The sector accounts for 40% of employment for the under-20s and pays 28% of all business rates. Now that the Government have achieved a youth unemployment level of over 1 million and failed to replace the public sector jobs that have been cut with private sector jobs, we can see how important the sector is to the health of our economy. The retail sector's prospects for 2012 are not good. Hardly a day goes by without another high street brand going into administration; Peacocks has already been mentioned. Consumer confidence is exceptionally low. Although that is clearly impacting on the larger retail multiples, it is also having a devastating impact on independent retailers, a group of businesses that do not always have a voice—or rather, are not always heard—in debates about the economy. That is why I believe that commissioning the Portas review was an inspired decision. It inevitably shines light on the smaller retailers that provide the diversity and quality customer service that enhance our high streets. There has been much press coverage of Rochdale's town centre in recent months, not least because McDonald's has decided to leave, and because we have a disproportionate number of charity shops. In reality, however, our town has a great retail offer. Businesses such as Chantilly, 25 Ten, Denis Hope, Bragg and the Number Ten Gallery are perfect examples of the high-quality independents that enhance Rochdale's high street, but Rochdale, like towns throughout the country, needs the Government to act more quickly and responsibly.