Oral Answers to Questions

Debate between Chi Onwurah and Sajid Javid

Thursday 27th November 2014 Commons Chamber

[Sajid Javid]

I was pleased to meet my hon. Friend and representatives from his constituency to discuss that important point in history, which I think it is right to mark. Another good reason to look at it is that it could do a lot for the local economy.

[Chi Onwurah (Newcastle upon Tyne Central) (Lab)]

Five years ago the previous Labour Government made a commitment on universal broadband access for everyone. The Minister might talk superfast, but the fact is that up and down the country people and businesses are waiting to get decent broadband so that they can carry on their business and that essential part of their lives that is now lived online. What is he going to do about it?

Banking

Debate between Chi Onwurah and Sajid Javid

Wednesday 15th January 2014 Commons Chamber

[Chi Onwurah (Newcastle upon Tyne Central) (Lab)]

The Minister has spoken in strong terms about the experience of the financial services. Does he accept that the unique way in which bonuses drive short-term risk taking led to the scandals that we witnessed, and, indeed, to the financial crisis? Does he really believe that the reward for short-term risk taking behaviour to meet bonus targets should be more than 100% of the reward that someone receives for doing his or her own job?

[Sajid Javid]

What I do accept is that badly structured and badly designed bonuses will lead to bad behaviour. I am sure that the hon. Lady herself accepts that if an arbitrary cap is imposed on bonuses and it leads to an increase in fixed pay but no overall fall in overall pay, the bad behaviour will actually worsen.

We are putting our house in order. We are learning from the huge mistakes of the last Government, and are ensuring that we create a country in which the public can trust that their money is secure and our banking sector can flourish.

Oral Answers to Questions

Debate between Chi Onwurah and Sajid Javid

Tuesday 6th November 2012 Commons Chamber

[Sajid Javid]

We carefully consider all submissions from stakeholders, including the FairFuelUK campaign. The important thing is that had the Government continued with their inheritance on fuel duty, that duty would have been 10p higher, which would have made things a lot more difficult for ordinary people.

[Chi Onwurah (Newcastle upon Tyne Central) (Lab)]

10. If he will use the revenue received by the Exchequer from the forthcoming auction of the 4G mobile telephone spectrum for the purpose of building affordable homes over the next two years.