Oral Answers to Questions

Debate between John Howell and Greg Clark

Tuesday 25th March 2014 Commons Chamber

[Greg Clark]

I cannot fail but to bear it in mind, having visited my hon. Friend’s constituency—he brought a stellar delegation of local businesses and civic leaders to make precisely that point. I received it loud and clear and look forward to the negotiations of the growth deal.

[John Howell (Henley) (Con)]

3. What discussions he has had with the Oxfordshire Local Enterprise Partnership on devolving powers and responsibilities to that partnership.

[The Minister of State, Cabinet Office (Greg Clark)]

I was in Oxfordshire on 30 January to launch the Oxford and Oxfordshire city deal, where I visited the Diamond synchrotron particle accelerator at Harwell. The city deal in Oxfordshire supports innovation through projects as well as investment in skills and transport improvements. I am delighted to see that the latest draft of the growth deal is going to reflect the comments made by my hon. Friend’s distinguished predecessor, the former Member of Parliament for Henley, Lord Heseltine.

[John Howell]

It will come as no surprise to my right hon. Friend the Minister that the Oxfordshire LEP has tried to contact me for the very first time in the last couple of days in view of my question. Notwithstanding that, will he join me in urging it to do more than simply talk and to turn a blank area on the map into something a little more active?

[Greg Clark]

I would say to all local enterprise partnerships that they should engage with their Members of Parliament. My view is that MPs have a pretty keen view as to what are the economic priorities of their areas and LEPs would do well to take into account what they have to say. I think it would be almost as unwise to ignore my hon. Friend’s comments as it would be not to take into account the views of his neighbour, the Prime Minister, my right hon. Friend the Member for Witney (Mr Cameron).

Oral Answers to Questions

Debate between John Howell and Greg Clark

Tuesday 7th January 2014 Commons Chamber

[Nick de Bois (Enfield North) (Con)]

7. What progress he has made on implementing the recommendations of the Heseltine review.

[The Minister of State, Cabinet Office (Greg Clark)]

The Government published its response to Lord Heseltine’s report in March 2013. We accepted its proposition that more funding and powers, currently held centrally, should be available at local level. Some £2 billion a year has been taken from central Government Departments and is available for that purpose. I look forward to assessing proposals during the weeks ahead.

[John Howell]

Decentralisation, as outlined by my noble predecessor’s review, can help to promote private sector business. In this context, what progress is my right hon. Friend making with the Oxfordshire growth deal?

[Greg Clark]

I am delighted to say that there has been very good progress. A city deal for the city of Oxford and the surrounding area is being negotiated and we hope to complete it shortly. I will meet the representatives of Oxfordshire to go further than that by devolving more power and resources to the county to further private sector growth.

Financial Services

Debate between John Howell and Greg Clark

Wednesday 6th February 2013 Commons Chamber

[Greg Clark]

The hon. Gentleman makes a good point. He will know that there is a long-established culture of very high fines in the US. Fines in this country have increased markedly in recent years, although none of the institutions subject to FSA fines in recent months would regard them as anything other than exacting. It is right for us to follow the practice of other jurisdictions, including the US, in having a more explicit criminal code. Our amendments to the Financial Services Act 2012 mean that criminal sanctions explicitly for the manipulation of benchmarks are available that were not there in the past. It is right to take what the hon. Gentleman says seriously and strengthen our enforcement powers, and we are doing that through the legislation that has been passed.

[John Howell (Henley) (Con)]

I thank my right hon. Friend for the tough and swift action that he has taken on this matter, but I have a more general question about the culture change that will be required. The extent of the culture change seems to be enormous. Why does he have confidence that it is achievable?

[Greg Clark]

There are a number of reasons why I think it is achievable. The first is the contribution that regulation can make. As Members have said, it is important to have a more exacting set of regulatory standards that are intolerant of the kinds of abuses that have taken place. Secondly, it is in the commercial and strategic interests of banks to restore the reputation that they used to have for trust. Financial services depend on trust. If people do not trust the banks, they will not do business with them. I think the penny has dropped across the City, and most of the new generation of chief executives understand the connection between their future profitability and performance, and the need to provide decent services to their customers.

The third reason is a matter being investigated by the Treasury Committee and concerns a failure or subversion of the culture of banking. Banking was always associated with high standards of probity; it was a vocation for people who were thought to be of a rather conservative disposition and inclined not to take excessive risks. That was subverted by exposure to some of the practices of recent years, and because that was inadequately regulated it distorted what should be the right culture in the industry. We need to make changes to all three of those areas, and that is precisely what we have done and what we have embarked on for the rest of the Parliament.

Oral Answers to Questions

Debate between John Howell and Greg Clark

Thursday 10th June 2010 Commons Chamber

[John Howell (Henley) (Con)]

10. What steps he plans to take to end regional spatial strategies.

[The Minister of State, Department for Communities and Local Government (Greg Clark)]

We committed in the Queen's Speech to abolishing regional strategies. My right hon. Friend the Secretary of State has written to all council leaders saying that he expects them to have regard to that as a material planning consideration in any decisions they are currently taking.

[Greg Clark]

I am grateful for my hon. Friend’s welcome, and I welcome him to the House. I know that he has always been a vigorous local campaigner.

The point behind abolishing the regional spatial strategies is that we believe that local communities should make decisions locally and should have the ability to put them into effect. It is, of course, important to make provision for Travellers, but such decisions should be taken locally.

[John Howell]

I welcome the Minister to his post. Will he confirm that, as I set out in our radical planning paper “Open Source Planning”, the expectation is that abolishing regional spatial strategies will reinvigorate our planning system and move us away from the historically low level of house building that we have seen, which has so badly failed us?

[Greg Clark]

My hon. Friend is absolutely right. I half expected to find a note on my desk from the previous Housing Minister apologising for the fact that there were no houses, but he did not get round to writing it.

I am glad that my hon. Friend draws attention to his role in what I think will be an important paper. He wrote in that paper that the present system

“imposes too many one-size-fits-all rules…Tragically, the very idea that development can benefit a community has…become a casualty.”

That is the reality of the system that we have been labouring under—literally “Labouring” under. The system does not work in practice or in theory; what kind of bankrupt system is that?