Children’s Care Homes: Private Equity

Debate between Baroness Barran and Lord Wood of Anfield

Tuesday 30th January 2024 Lords Chamber

[The Parliamentary Under-Secretary of State, Department for Education (Baroness Barran) (Con)]

My Lords, we recognise the concerns that the noble Lord refers to, particularly around large providers with complex ownership structures. We agree that sometimes placement costs are too high. That is why we are providing £259 million of capital funding to support local authorities to increase care placements and ensure that they meet children’s needs. We will introduce a new market oversight regime that will increase transparency on debt structures and profitability.

[Lord Wood of Anfield (Lab)]

My Lords, I thank the Minister for that Answer. The problem, however, is that the current mixed economy in the children’s care market is completely broken. Private equity providers are making high profits in the sector, increasing their margins and carrying large levels of debt, yet expanding their share of the care market at the same time. Meanwhile, increasing numbers of councils face crisis or even bankruptcy. Can the Minister tell us how the Government plan to eliminate specifically private equity profiteering in this sector? Can she also clarify whether it is government policy to substantially reduce the presence of private equity firms in the children’s care market?

[Baroness Barran (Con)]

I am glad that the noble Lord used the word “profiteering”: he beat me to it. As he has heard me say before, the Government are not against profit-making but they are against profiteering. Having much greater financial transparency will go some way to addressing his concerns, but the fundamental thing that has to shift is having fewer children in children’s homes and more children in foster care. That is why the Government place such emphasis on supporting foster carers and, indeed, kinship carers.

Music and Performing Arts Students: Visas and Work Permits

Debate between Baroness Barran and Lord Wood of Anfield

Thursday 11th March 2021 Lords Chamber

[Baroness Barran (Con)]

We are talking to the sector about an export office, as the noble Baroness mentioned, but the real focus of the working group to which I referred is getting as much evidence as possible of the impact on the sector, some of which the noble Baroness referred to, providing clarity about the steps needed to tour more seamlessly and exploring with the sector the options to support our wonderful practitioners.

[Lord Wood of Anfield (Lab)]

My Lords, the Minister talked about the Government’s offer during the Brexit negotiations to incorporate the music industry into short-term business agreements, but this had precious little chance of success given the WTO most favoured nation rules. UK musicians now face not just inconvenience but an impossible and overwhelming array of obstacles. Have the Government ruled out what the vast majority of people in the music industry consider the only sustainable solution—a visa waiver agreement covering our world-leading musical and creative sector?

[Baroness Barran (Con)]

As I am sure the noble Lord is aware, the issue is more complex than simply visas; work permits also play an important part. As I mentioned, our original offer worked for our creative professionals and we will continue to try to streamline their ability to tour.

EU: British Musicians

Debate between Baroness Barran and Lord Wood of Anfield

Wednesday 3rd June 2020 Lords Chamber

[Baroness Barran]

The Government are looking across all these issues to come up with the fairest and most practical system which facilitates the growth of our creative industries and performing arts around the world, including within the EU.

[Lord Wood of Anfield (Lab)]

My Lords, on touring, there is actually a simple solution. The Government could consider amendments to the Immigration and Social Security Co-ordination (EU Withdrawal) Bill to allow a touring passport for EU musicians—including a carnet, as referred to earlier. Can the Government commit to looking at this legislative option for giving UK musicians the continued livelihood that they need?

[Baroness Barran]

I think I have been clear already about where the Government’s focus is in these negotiations: on building our presence, in Europe and on the global stage, for our critical cultural sectors.