Oral Answers to Questions

Debate between Jim Shannon and Andrew Griffith

Wednesday 10th January 2024 Commons Chamber

[Andrew Griffith]

Once again, it is an enormous shame that the hon. Member for the wonderful cluster of Cambridgeshire is so keen to talk down the United Kingdom at every opportunity. This Government are mobilising more public funding for research and development than ever before, and mobilising private investment capital on the back of that—£2 for every £1 that the Government put in.

[Jim Shannon (Strangford) (DUP)]

Yesterday I was talking to a Minister in the Lobby, and he referred to how impressed he was by the Northern Ireland workforce. I am equally impressed, as the Member for Strangford. When it comes to research and development across the United Kingdom, what is Northern Ireland getting to help our workforce grow, to train our people and to make us an integral part of this United Kingdom of Great Britain and Northern Ireland?

[Andrew Griffith]

Having visited Northern Ireland, I am aware of just how innovative and highly skilled it is, and how much opportunity and headroom there is. It is very important to me, as the Minister for Science and Research, that Northern Ireland punches above its weight. I would be delighted to visit Northern Ireland to meet businesses, entrepreneurs and innovators there.

Local Bank Branch Closures

Debate between Jim Shannon and Andrew Griffith

Tuesday 5th September 2023 Commons Chamber

[Andrew Griffith]

This Government take responsibility, and I was just about to explain how, for the first time, we have taken the statutory right to protect the use of cash. That has been on the statute book for a number of weeks after the House passed the Financial Services and Markets Act 2023. It is also why we support the very rigorous guidance given by the Financial Conduct Authority in cases where bank branches are closing.

[Jim Shannon]

Will the Minister give way?

[Andrew Griffith]

I will take an intervention. We are on the Adjournment and should be mindful of time.

[Jim Shannon]

Rural communities are probably the larger part of my constituency, and I have lost 12 or 13 rural banks. Every one of them was a focal point for customers, which hits on the important point made by the hon. Member for Argyll and Bute (Brendan O’Hara). At the same time, every one of those banks has made extra profit and extra fees, which just does not add up. Why not keep them open and share some of that dividend with all the customers who need the banks?

[Andrew Griffith]

The hon. Gentleman is working his way towards one of the potential answers. Colleagues have mentioned the banking hubs. When a bank seeks to close a branch, the FCA process normally includes consultation with the local Member of Parliament. The financial sector now has a consumer duty to think about putting customers’ needs first, which is one of their weighty duties. As we deal with this significant change, a number of alternatives are in place. One is the local post office, and I believe there are still nine post offices in East Dunbartonshire. As the banks’ business traffic coalesces, they can help to support the economics of a post office in a particular area. That is one opportunity. Some 99% of personal banking customers can transact in their local post office, and there are over 11,000 post offices across the United Kingdom.

Oral Answers to Questions

Debate between Jim Shannon and Andrew Griffith

Tuesday 5th September 2023 Commons Chamber

[Andrew Griffith]

My hon. Friend represents the views of his constituents in this place clearly. He is quite right; although they are private entities, banks benefit from a privileged place in society and they should focus on doing their core functions brilliantly, treating customers fairly and making a sustainable return for shareholders, rather than taking sides on politically contentious matters.

[Jim Shannon (Strangford) (DUP)]

Today it is because some people may have a different political view; tomorrow it could be the fact that someone has a different religious viewpoint. I am a Christian, and as chair of the all-party parliamentary group for international freedom of religion or belief, I stand up for those with Christian beliefs, those with other beliefs and those with no beliefs, because I believe sincerely that they have a right to have that belief. If ever the day came when banks censured anybody because they had a different religious belief, I would stand up against that. Does the Minister agree?

[Andrew Griffith]

Let me be clear: yes, the Government agree with that. No one should be debarred from access to banking facilities in our society because of a lawfully expressed view. If he and other hon. Members wish to make representations, the Financial Conduct Authority is currently conducting a review of this matter.

Oral Answers to Questions

Debate between Jim Shannon and Andrew Griffith

Tuesday 20th June 2023 Commons Chamber

[Jim Shannon (Strangford) (DUP)]

1. Whether he has held discussions with banks on the costs of implementation of Financial Ombudsman Service decisions.

[The Economic Secretary to the Treasury (Andrew Griffith)]

The Financial Ombudsman Service offers a proportionate and informal resolution of disputes that is cost-free for consumers. Where it upholds a complaint against a firm, it can award redress for that concern to that consumer. I work very closely with my officials and with the Financial Ombudsman Service to make sure consumers have the justice they require.

[Jim Shannon]

I thank the Minister for that that response. This has been an ongoing issue in the House for some time, and I spoke to some of the Minister’s colleagues beforehand. The Chancellor and the Minister will know that the parliamentary ombudsman found that 1 million Equitable Life savers lost money as a direct result of Government decisions. Why, then, are the Government holding themselves to a different standard and ignoring the wishes of the parliamentary ombudsman, having paid victims of the Equitable Life scandal only 22% of the money they lost from their pension funds? I say that with great respect, but I do think we need an answer.

[Andrew Griffith]

I respect the hon. Member for raising this issue. It has however, been raised many times before in this House, and answered from this Dispatch Box as well.

Mortgage Market

Debate between Jim Shannon and Andrew Griffith

Tuesday 13th June 2023 Commons Chamber

[Jim Shannon (Strangford) (DUP)]

There is no danger of that when you are in the Chair, Madam Deputy Speaker.

I thank the Minister for his answers to some very difficult questions. It has been said that 1.5 million households, including some of my Strangford constituents, are set to come off fixed mortgage deals this year and face a sharp rise in their monthly repayments—up to 1.56 percentage points from Tuesday. Has the Minister made an assessment of the impact on those who are considering buying their first house in the next year or so, and will he assure the House that discussions are taking place with local banks on what we can do to support people through the process of buying their first homes amid shocking price increases?

[Andrew Griffith]

Let me be clear: the Government understand—I understand—the anxiety of those who have a mortgage, those who have invested in their home and those who wish to do so. That is why we will do everything we can—be it providing financial support to the tune of £94 billion, or making good decisions about our stewardship of the economy and not coming up with unfunded spending commitments—to ensure that we get back, as quickly as possible, to a world of falling interest rates and falling inflation, and support those who wish to buy a home above their head.

Silicon Valley Bank

Debate between Jim Shannon and Andrew Griffith

Monday 13th March 2023 Commons Chamber

[Andrew Griffith]

I completely agree. My hon. Friend knows a great deal about the subject, which reflects his background; he is absolutely right.

[Jim Shannon (Strangford) (DUP)]

I thank the Minister for his statement. The Government are to be commended for the speed with which they have acted; it is indeed good news. I very much welcome the purchase of SVB by HSBC, which looks set to protect UK investors and start-ups alike, but what further assurances can the Minister give this House about what the 3,500 British customers will receive in terms of the long-term plan? How long is the Government’s commitment to steadying the ship?

[Andrew Griffith]

The Government are always committed to steadying the ship. That is why we take a prudent approach to running the economy and why the Prime Minister’s priorities are to reduce inflation, to pay down debt and to grow. To grow requires capital. That is why we have a long-term commitment to good regulation, which will minimise the prospect of events like this happening again. It is also why, with the expertise on the Government Benches, we are so focused on ensuring that we have the right ecosystem to allow our brilliant entrepreneurs, our scientists and our innovators the fertile capital with which to grow to their potential.

Digital Pound

Debate between Jim Shannon and Andrew Griffith

Tuesday 7th February 2023 Commons Chamber

[Andrew Griffith]

As my hon. Friend knows, one of the points of friction—one of the costs—is the exchange of currency. It has come down greatly over time, but is still often measured in the percentage points. A true central bank-issued digital currency—a digital pound—that could be much more readily converted without the current number of intermediaries could be a real opportunity for small and medium-sized enterprises engaged in that all-important activity to our great nation: exporting our goods and services.

[Jim Shannon (Strangford) (DUP)]

I thank the Minister for his statement. I and many of my constituents, like those of other hon. Members, are still committed to using cash. How will the Minister ensure he sends a message that today’s announcement does not mean that we are moving to a cashless society? How will he secure access to cash? It is already at risk in rural areas as a result of banks’ continuing withdrawal and centralisation, which is leaving people with no option but to operate digitally even when they feel vulnerable and feel that their finances are at risk.

[Andrew Griffith]

Today is not about access to cash; it is about the long-term plans for a digital pound. However, the hon. Member makes a very well-understood point. We are legislating in the Financial Services and Markets Bill to ensure that, for the first time in this country since the Celts minted the original currency, communities will have a statutory right of access not just to withdraw cash, but to deposit it, because it is the ability to deposit that drives the desire of retailers and others to take cash. We want cash to continue to circulate in our society, and we are making provision for that in the Bill, which I hope will soon be on the statute book.

Illegal Money Lending

Debate between Jim Shannon and Andrew Griffith

Tuesday 29th November 2022 Commons Chamber

[The Economic Secretary to the Treasury (Andrew Griffith)]

It is a pleasure to speak in this debate. I congratulate my hon. Friend the Member for Blackpool North and Cleveleys (Paul Maynard), who has a distinguished record in advocating for this subject that is matched only by his distinguished record in speaking up for his constituents.

As my hon. Friend so persuasively explained, loan sharks—he prefers to call them illegal money lenders, so I will do so going forward—can at best use unfair, hidden fees and sky-high interest rates and, at worst, some of the much more aggressive practices that he talked about. The Government recognise many of the concerns that he outlined, and I recognise them from stories that I have heard.

Illegal money lenders prey on the most vulnerable people, which is one of the saddest things about this particular form of crime. As we heard in the case of Michelle, it causes the victims great harm and distress, as well as inflicting damage on the wider communities—sometimes, those communities already face adversity—in which they operate. It is a devastating crime.

This is not a novel issue affecting only some. Only recently, I too met the Centre for Social Justice, including Matthew Greenwood, who has produced an excellent report, to listen to the findings about the prevalence of illegal money lending in England. I want to be absolutely clear with the House that lending money without Financial Conduct Authority authorisation is a crime. We want to clamp down on this immoral and damaging practice, and that is why, as my hon. Friend mentioned, the Treasury funds the illegal money lending teams across the UK. Those teams include specialist local trading standards officers who operate nationally and work alongside the FCA in maintaining standards in the consumer credit market. They can draw on geographically dispersed community intelligence officers, who are crucial in identifying local illegal money lenders, who disproportionately operate in low-income communities, and clearly, by the nature of the crime—my hon. Friend mentioned that there is often a family and friends link—can be hard to detect.

Since the teams were established in 2004, they have prosecuted over 400 cases of illegal money lending and the associated criminality that accompanies it, and have caused nearly £90 million of illegal debt to be written off. That is a huge number, but there is more we can do.

[Jim Shannon]

I thank the Minister for the comprehensive and detailed response he is giving, which I think is what the hon. Member for Blackpool North and Cleveleys (Paul Maynard) is looking for. I mentioned the issue in Northern Ireland in my previous intervention. I know that the Minister may not have had an opportunity to speak to anyone in Northern Ireland, whether in policing and justice or in the Police Service of Northern Ireland, but if he has, can he give any indication of what discussions he has had with those in Northern Ireland, where paramilitaries seem to be the moneylenders, about how we can take those bloodsuckers—which is what they are—out of society and off the backs of the local people?

[Andrew Griffith]

I thank the hon. Member for his intervention. I have not had that opportunity: I am a relatively new Minister, but one who has already had impressed upon him the gravity and prevalence of this situation. I will undertake to understand the situation not just in England, but in all parts of our Union, including with the Police Service of Northern Ireland. Of course, if we are going to tackle this problem, it is right to tackle it in every corner of the Union and make sure there is no hiding place.

The Government have increased funding since the Treasury took over responsibility in 2017. That funding has gone up by 37%, and this year, the Government will provide around £7 million to the teams. I understand the desire of my hon. Friend the Member for Blackpool North and Cleveleys for more resources to be put into this area. I will take that away, meet with the teams and those responsible, and see what more we can do, whether that is simply a question of resources and priorities or whether some legislative changes could be examined. I cannot make any promises at the Dispatch Box today, but I will do that for my hon. Friend as we seek to bear down on this issue.

Those teams also provide support to victims and education to those who are most at risk, and they tell me that they have helped over 30,000 people through that process. They undertake community work, warning people like Michelle, my hon. Friend’s constituent, of the risks of loan sharks—perhaps that term is okay in this colloquial context—or illegal moneylenders. They also support people through the provision of legal and affordable credit, which is something I am very keen to increase. As my hon. Friend impressed on me, we have to work upstream, providing safe, legal and low-cost alternatives to cut off the demand for this product at source. I want consumers to build resilience through having a savings buffer, as well as getting young children into the savings habit at a very early age, as I did. That is a great life gift to give to somebody, and we are well placed to do so through the provision of things like credit unions—safe, legal and affordable credit when people need it.

[Jim Shannon]

The Minister is incredibly gracious in giving way, and I am not going to hold up the debate for much longer. I just want to say that I was very fortunate to have a mother who, when I was 16, gave me my first £10. I went down to the Northern bank, as it was then—it is now Danske bank—and that was the first stage in my savings. That instilled a habit in me, and probably in all my brothers and sisters, of saving and being able to pay our debts.

[Andrew Griffith]

I commend the hon. Gentleman and his mother—he probably would not be where he is today if not for that brilliant savings habit established at an early age. I had a National Savings and Investments blue book; I used to go along to the post office, put in my pound and get a little entry into that book.

I do not mean to digress—not every part of the United Kingdom has an important fixture, a date with destiny, shortly—but I share the passion of my hon. Friend the Member for Blackpool North and Cleveleys about getting people into the savings habit. I will be meeting soon to understand more about the opportunity presented by community development finance institutions, which provide a local, place-based alternative source of credit to people. Also, as my hon. Friend mentioned, there is the brilliant Help to Save scheme, and it would be a delight to work with him to see how we can upscale that—I am sure that he has great insights into it. The scheme is very creditable. It does a good job, and I am delighted to learn that it has helped more than 350,000 individuals. However, as we learned on the prevalence of illegal lending, there is a great deal more to do, and I am keen to understand that scheme more. I recently met the management team of National Savings and Investments at its new offices just around the corner from here. It operates that scheme on behalf of the Department for Work and Pensions, and that could provide a great opportunity.

I know that people across the United Kingdom are worried at this time about the cost of living. Some of them are seeing their disposable incomes decrease or be squeezed. We are fully alive to the fact that that may induce people to turn to illegal lenders. To help the most vulnerable, we have announced £37 billion of support for the cost of living this financial year. We have taken decisive action to support millions of households and businesses with rising energy costs this winter through the energy price guarantee and the energy bill relief scheme. I know that my hon. Friend would say that there is always more to be done, and that the Prime Minister would say that, however generous the Government wish to be, there is a limit to how much we can do. We seek to get the balance right.

In addition to the energy price guarantee, millions of the most vulnerable will receive £1,200 of support through the £400 from the energy bills support scheme, the £150 from the council tax rebate and a one-off £650 cost of living payment. I hope that that gives my hon. Friend some reassurance about how seriously we take this issue and how we are putting the taxpayers’ money where our mouth is, in terms of helping the most vulnerable and trying to keep them out of the clutches of illegal money lenders. I undertake to him to continue to work hard to introduce safe, legal and affordable alternatives, as well as to be relentless in our pursuit of those who would try to exploit this opportunity.

Question put and agreed to.

English Wine Week

Debate between Jim Shannon and Andrew Griffith

Wednesday 23rd June 2021 Commons Chamber

[Andrew Griffith]

I thank my hon. Friend for that eminent suggestion. As we know, the only thing better than half a litre of English sparkling wine is a full litre, but why would we seek to deprive choice to the consumer? Perhaps the Minister and her colleagues will pick that up when she responds.

Wine, as we know, has a long history on this island, having been introduced by the Romans. By the time of the Normans, who indeed chose Sussex to land, more than 40 vineyards were listed in the Domesday Book—one of the earliest censuses on record—proving that their produce has always attracted the attention of the taxman. There was healthy growth in the wine industry in the late medieval and early-modern period, with 139 vineyards recorded at the time of Henry VIII’s coronation. Indeed, to this day, just over the road, there is a legacy of Henry’s prodigious taste for wine in the form of his personal cellar, now buried—or so they claim—under the Ministry of Defence. English wine has done exceptionally well in recent years and is now repeatedly recognised as a contender among some of the world leaders in the industry, with England winning more gold medals in the Sommelier Wine Awards than France.

[Jim Shannon (Strangford) (DUP)]

I thank the hon. Gentleman for bringing this issue forward. Does he not agree that British goods of a high quality, such as English wine, should be available for sale in each corner of this wonderful United Kingdom of Great Britain and Northern Ireland and that Greenfields wine, which I think he omitted to refer to, should be promoted in my constituency of Strangford just as Echlinville gin, made in Kircubbin in my constituency, should be promoted in Arundel?

[Andrew Griffith]

I thank the hon. Gentleman for reminding us of the importance of the single internal market. I would be delighted to promote his Echlinville gin to my constituents in Arundel and South Downs.

I was talking about awards and the quality of our English products. In recent months, Nyetimber—another vineyard in my constituency—won four awards at the 2020 Champagne and Sparkling Wine World Championships. Closer to home, we should not forget the excellent work done by Trevor Clough and Jason Humphries at Digby Fine English—also in my constituency—who have been awarded the contract for the House of Commons gift shop’s first ever official sparkling wine, meaning that every visitor to this House can leave with a genuinely sparkling souvenir. It is happening not only in my constituency but across England, and it has been a pleasure to hear from hon. Friends about a wealth of other first-class wine estates.

Dark Skies

Debate between Jim Shannon and Andrew Griffith

Monday 14th December 2020 Commons Chamber

[Andrew Griffith (Arundel and South Downs) (Con)]

It is good to see Members from across the country here this evening, representing their own dark sky places and reserves. It is an immense privilege to represent in this House Arundel and South Downs, with its rivers, castles, downlands, woods, vineyards and, yes, its dark skies at night. Much of the constituency lies within the South Downs national park, which, among its many virtues, shares something with only a handful of places on earth: since 2016, it has officially been an international dark sky reserve, as recognised by the International Dark-Sky Association. On a clear night, the Milky Way can clearly be seen from locations such as Bignor hill, which is one of the darkest spots in the park. For literally millions of people in the overdeveloped south-east, this is their last window out to the galaxy, as the cataracts of light pollution gradually obscures their vision.

I co-chair the all-party parliamentary group for dark skies with my noble Friend Lord Rees of Ludlow, the Astronomer Royal. A contemporary of Stephen Hawking at Cambridge, he has spent over 50 years contributing to our understanding of the cosmos, but what if Lord Rees had never been inspired to pursue this career path? Would he ever have dreamed of contributing to our understanding of the universe had an orange skyglow in rural Shropshire obscured his vision as he looked upward to the sky? Together, he and I founded the group in the hope that future generations may still be able to see the stars and the Milky Way—features that generations of our ancestors have looked up to—which is already impossible in many parts of the country. It is an experience that gives a unique sense of perspective about our place in the universe.

Sadly, light pollution is growing exponentially in its geographic coverage and population reach. CPRE’s recent annual star count found that 61% of UK citizens live in areas with severe light pollution, meaning that they could count fewer than 10 stars in the Orion constellation. That was a 4% increase in light pollution on the previous year. The case for controlling light pollution is not just for the benefit of astronomers, just as it is not only ornithologists who would miss songbirds if they disappeared from our gardens. It also has health, educational, environmental and economic benefits.

[Jim Shannon (Strangford) (DUP)]

I congratulate the hon. Gentleman on bringing the debate forward. He might not be aware that I represent a mixed rural and urban constituency. I am very blessed to live in the countryside, with fresh air in every breath, wildlife aplenty and lovely dark nights to sleep through. I am very supportive of his drive to ensure that the Government take this issue seriously. Does he agree that the mental health benefits of a good night’s sleep are well documented, and that dark skies can therefore play a very beneficial role?

[Andrew Griffith]

I thank the hon. Gentleman for his wise intervention. Indeed, mental health, like so many aspects of health, is affected by sleep deprivation caused by light exposure at the wrong time.

In 2018, Nature magazine reported that

“light at night is exerting pervasive, long-term stress on ecosystems, from coasts to farmland to urban waterways, many of which are already suffering from other, more well-known forms of pollution.”

It stated that a UK study sequentially over 13 years found that

“artificial lighting was linked with trees bursting their buds more than a week earlier—a magnitude similar to that predicted for 2 °C of global warming.”

Light pollution is a huge waste of energy too. Lighting accounts for 5% of global carbon emissions—that is more than aviation and shipping combined. Within that category, street lighting is the single biggest contributor.

Finally, our dark skies are increasingly an economic activity on which many livelihoods depend. Like many of our national parks, the South Downs runs an annual festival attracting thousands of visitors, led by the excellent dark skies officer, Dan Oakley, who helped me research for today’s debate. Dark skies tourism is one of the fastest growing parts of the outdoor tourism sector, with memorable opportunities to sleep and dine under the stars offered by businesses such as Woodfire Camping in Graffham in my constituency.