(2 years, 1 month ago)
Commons ChamberMy right hon. and learned Friend is absolutely right. The small island developing states face a very acute climate emergency that is putting many millions of lives and livelihoods at risk. Yes, we need every country to come forward and deliver on its commitments, and particularly the biggest emitters: the G20.
The Department for Environment, Food and Rural Affairs published some excellent new targets for incineration in March. Will the COP26 President follow through on that and make a moratorium on waste incineration one of his objectives for the remainder of his presidency?
In this role, as my right hon. Friend knows, I am trying to corral international action. He raises an important point, and I will make sure it is raised with the appropriate Department.
(3 years, 2 months ago)
Commons ChamberThe right hon. Gentleman is absolutely right: the $100 billion is a totemic figure. We are doing everything we can to ensure that we are able to deliver it by COP26. I can assure him that I am having very frank discussions with donor countries—with developed countries —to ensure that they deliver on that commitment made in 2009.
(3 years, 6 months ago)
Commons ChamberWhat I would say to the right hon. Gentleman is that, like him, I am very proud of the work that successive Governments have done in supporting the most vulnerable around the world. At 0.5% of gross national income, the UK will still remain a leading international aid donor. On the issue of international climate finance, he will know that, over a five-year period, our commitment is £11.6 billion, which is indeed a doubling of the last figure.
(8 years, 5 months ago)
Commons ChamberMy hon. Friend is absolutely right. As the Secretary of State said, Labour had 13 years to fix this and it did not. This Government are now getting that right.
I spoke this morning at the Association of Chartered Certified Accountants, which is much more interesting and exciting than it sounds. It greatly welcomed the business measures in the Budget, particularly the drop in corporation tax. I have to say to the shadow Chancellor, who is now back in his place, that if we drop corporation tax rates, investment will come into the country, which will allow us to raise more money. That is something that he needs to understand if he ever hopes to become Chancellor himself.
The changes to business rates are incredibly welcome to many small businesses, for which business rates constitute a large component of their fixed costs. I welcome, too, the abolition of class 2 national insurance. I hope that we are seeing a move towards a merger of national insurance and income tax. I know that this is potentially very complicated, but the dividends it will pay in terms of tax simplification will be huge, as will be the benefits for businesses.
Investment in infrastructure—many billions have been invested since 2010, and there is more to come during this Parliament—has been a hallmark of this Chancellor’s Budgets. My own constituency has benefited from significant rail investment: nearly £1 billion has been invested in Reading station, and Crossrail is coming, as is rail electrification. There has been investment in local stations as well. However, may I issue a plea to those who are looking at the Hendy report consultation? Two stations in my constituency, Theale and Green Park, are fully funded, but their development has been delayed. I hope that, as a result of the consultation, we can actually get moving so that my constituents can benefit. I welcome the work that the National Infrastructure Commission is doing in driving forward investment and infrastructure in the United Kingdom.
A few weeks ago, I was appointed the Prime Minister’s infrastructure envoy to India. I think that the experience that will be gained by us in this country, and by our companies, will be fantastic. It will not only allow us to help countries such as India with growing economies to raise finance in the London market, but enable our world-leading businesses that are involved in infrastructure to go out and assist those economies.
Finally, let me say something about Europe. I am very much in favour of a stronger, safer, better-off, reformed European Union, and I will be campaigning for us to stay in the EU. I know that we have a limited amount of time today, and I do not want to initiate a huge debate on the subject, but I will say this: if, on 24 June, we wake up and find that the British people have chosen to leave the European Union, there will be a period of uncertainty. That is the one thing with which no one can disagree. There will be uncertainty because we will not know how long it will take us to renegotiate some kind of relationship with Europe, what the cost will be, or how investors will react. I have heard Conservative Members say that investment will continue to flow in, but I do not agree. Given what is being said by foreign countries and foreign companies, I think that they will think twice, and will wait to see what our relationship with Europe looks like before investing in the United Kingdom.
Uncertainty has two impacts. Businesses hate it, which means that they stop investing, and consumers hate it, which means that they stop spending money. The effect of all that will be very bad news for our economy. Both the Office for Budget Responsibility’s book and the Red Book contain all sorts of predictions about how our GDP could be hit if we left the European Union, but, by any measure, it will go down. All the net savings that my colleagues who want us to leave the European Union say we will gain will, I think, disappear as a result of the losses that will follow a fall in GDP and a consequent hit on tax revenues. I therefore hope that all of us, not just in the House but throughout the country, will think very carefully before voting in the referendum on 23 June.
Does my hon. Friend remember the same concerns being expressed when this country was considering whether it would be wise to join the eurozone?
I have never been keen on our joining the euro. All I can say is that I think there will be a huge amount of uncertainty if we decide to leave the European Union. That is what I want to guard against, so I ask everyone to vote to remain in the EU.
I commend the Budget to the House.
(10 years, 9 months ago)
Commons ChamberMy hon. Friend raises a good point and I shall underscore the importance of focusing on the personal and parochial in this commemoration, as that is the link that people have with that period. Using war memorials as the starting point is something I would encourage. I commend all those involved in that endeavour.
I would like to set out the Government’s thinking on the four-year centenary of the first world war and give a flavour of the philosophy underpinning its approach. The great war may be the keystone of our times but our understanding of it is not very good. Polling data suggests that the public know that there was a war in 1914 and have a pretty good idea of who was on what side. They know about mud, trenches and iconic things such as the Christmas truce. Thereafter, it starts to get a bit hazy. Improvement of our grasp of the causes, conduct and consequences of the first world war must be at the heart of the centenary that is about to break upon us.
As the Prime Minister said a year ago when he announced the Government’s framework for the centenary,
“Our first duty is to remember.”
But the question is, what exactly should we be remembering? The remembrance that the Prime Minister was talking about involves so much more than simply bringing to mind experiences that few of us have had or people we have never met. Remembrance is not synonymous with recollection. This Sunday is Remembrance Sunday, not recollection Sunday. It is an opportunity to acknowledge the fallen, while consciously reflecting on the nature of war and resolving to avoid it. That is what we mean by remembrance. We also give thanks that, peace restored, the great majority who served in the first world war did actually return to raise their families—our families—although, let us not forget, that all too many returned with enduring mental or physical infirmity that changed the course of their lives and that of their families to an extent that will never be quantified. That resonates with contemporary conflict, provoking I hope generosity in the 2013 poppy appeal.
The waypoints of the war sear our national consciousness; the Somme, Jutland, Gallipoli, Passchendaele, Loos and Amiens, the last so crucial as the game changer in the course of the war. We must remember that this war was also fought on the home front in the factory and the munitions depot, and by women whose lives would never be the same in a society transformed. We must commemorate this centenary because with the passing in 2009 of Harry Patch, Bill Stone and Henry Allingham, our last tangible links with the first world war are retreating into the shadows.
My hon. Friend is making a powerful speech. Does he share my view that we should commemorate not just British soldiers but soldiers from the Commonwealth countries, particularly soldiers such as Khudadad Khan, the first Indian to be awarded the Victoria Cross, who survived the war?
I am grateful to my hon. Friend for raising that point, which I will develop in my contribution; suffice to say I agree with him wholeheartedly.