AstraZeneca
Debate between Lindsay Hoyle and Chris Bryant(1 day, 15 hours ago)
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Chris Bryant
What utter nonsense. We endured 14 years of growth that even the shadow Minister’s own Back Benchers used to describe as anaemic and feeble. Average growth under Tory Governments is 1.2%; average growth under Labour Governments is 2.4%. We are far more likely to secure growth in the British economy under a Labour Government.
The shadow Minister simply did not listen to what I had to say. The Conservatives sat on this so-called deal with AstraZeneca for four years. The process started in 2020, and it is interesting what was announced to the House and what was actually announced in the paperwork. In the House, the then Chancellor said that AstraZeneca had announced plans to invest to
“fund the building of a vaccine manufacturing hub in Speke in Liverpool.”—[Official Report, 6 March 2024; Vol. 746, c. 845.]
He did not make any mention in the Chamber of the money that was needed from his Department to be able to pay for it. The paperwork that attended that announcement stated:
“AstraZeneca’s investment decision is contingent upon mutual agreement with the UK Government and third parties, and successful completion of regulatory processes.”
That was absolutely typical of the previous Government: they thought that when they had announced something it had come to pass, but due diligence is needed to ensure the best possible financial advantage for the British taxpayer.
We have seen clearly that AstraZeneca’s original intention last year was to deliver £150 million-worth of R&D, but then it decided to cut that to something like £90 million-worth. That was its decision, based on its own investment decisions, and we as a Government had to assess whether £90 million from the UK—as supposedly promised by the previous Chancellor—was the right amount of money to put into the pot, or whether it was better to offer slightly less. Unfortunately, at the end of that process AstraZeneca decided that it would not proceed.
Let me make it absolutely clear to the hon. Member that this is the best country in the world in which to invest in the private sector. Some £63 billion of investment was secured at the growth summit last year, and £14 billion—[Interruption.]
Mr Speaker
Order. The shadow Secretary of State for Wales, the hon. Member for East Grinstead and Uckfield (Mims Davies), keeps pushing it a little bit. I think we should hear no more of that.
Chris Bryant
Thank you, Mr Speaker. And £14 billion was secured following the announcement of our artificial intelligence opportunities plan. We have cut the rate of corporation tax to 25%, which is the lowest in the G7. We are creating a pension mega-fund to be able to invest further. According to PricewaterhouseCoopers’ last CEO survey, we are, for the first time ever, the second-best place in the world to invest in the Government, and that is because we have a Labour Government, not a Conservative reject.
Chi Onwurah (Newcastle upon Tyne Central and West) (Lab)
The UK Government are committed to growing the economy through increased R&D and advanced manufacturing. AstraZeneca tell us that it is committed to investing in the UK, which is where it is headquartered and where one of its largest customers—the NHS—is based. It is like hearing that two people are madly in love with each other, yet the wedding is off. I look forward to the Minister of State for Science explaining the background to this to the Select Committee when he appears before us next week.
In the meantime, will the Minister confirm that the UK is committed to incentivising R&D investment? Will he set out the mix of R&D and manufacturing investment agreed to by AstraZeneca under the last Government, and to which it was committed when it dropped the deal? Finally, the deal, as well as growing the economy, would have made our pandemic supply chain more resilient by reducing our dependence on mRNA vaccines. Will he set out how he intends to address that?
Chris Bryant
It is good to hear from the Chair of the Select Committee. I want to make it absolutely clear that AstraZeneca is not leaving—people are not losing their jobs because of this decision. There are still 10,000 people employed by AstraZeneca in the UK and, for that matter, it is proceeding with its nasal-based flu vaccine for children, just in a different way. All of that is important.
My hon. Friend asked about the precise details of the R&D mix that was part of the investment. As I said, it was to have been £150 million of investment. AstraZeneca decided to cut that to £90 million, which is why the contribution that the previous Chancellor had suggested of £90 million into that pot simply did not add up for the UK taxpayer, which is why we came to that set of decisions. However, she is absolutely right that we are fundamentally committed to the life sciences sector for the saving of life, for making sure that we have an NHS that can really deliver for people, and because we want to have valuable jobs that we do better in this country than anywhere else in the world.
Oral Answers to Questions
Debate between Lindsay Hoyle and Chris Bryant(2 weeks, 5 days ago)
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Chris Bryant
Everybody is getting in lots of questions. If the scheme does not happen voluntarily, will we make it statutory? Yes, but I am very hopeful that we will have a voluntary scheme up and running. I have already met industry representatives, and I think we are moving in that direction. My hon. Friend is absolutely right about the provisions for business rates. Obviously, we have now introduced the 40% relief, and we have said that any business that has a rateable value of less than £500,000 will get an even better deal next year. I think that Roger Taylor from Queen went to school in Truro, and I am sure you will know, Mr Speaker, that it is Sade’s birthday today. She is one of Britain’s greatest singers—and I know you are a smooth operator.
Oral Answers to Questions
Debate between Lindsay Hoyle and Chris Bryant(3 weeks, 6 days ago)
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Chris Bryant
First, I commend the hon. Member, because this is the fourth time that he has asked a question of me broadly in this territory. In the words of Browning,
“Hark, the dominant’s persistence till it must be answered to!”
He is quite right: there are villages in his constituency where there is no proper gigabit-capable internet available. I am determined to deal with that, and I am happy to meet him because, in the words of the musical “Oklahoma!”, I am
“a girl who cain’t say no”.
I am very happy to meet him—
Oral Answers to Questions
Debate between Lindsay Hoyle and Chris Bryant(2 months, 1 week ago)
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Chris Bryant
It would be good, would it not, to have an NHS that works in this country. It would be good to have an economy that works, trains that run on time, and a country that functions so that when tourists come here they have a good experience, rather than sitting on a platform waiting for a train that never turns up on time. I am determined to ensure that we get to 50 million visitors to the United Kingdom. Last year, we had just 38 million visitors. If we are to secure that increase we must have a country that welcomes tourists to every part of the country, not just London and the south-east.
Chris Bryant
The irony is, we have already had two debates on these issues in the last fortnight—thanks to you, Mr Speaker.
First, I welcome the hon. Member to his place and his new responsibilities. I look forward to working with him.
The truth of the matter is that the tourism industry has really struggled over the last few years, partly because of Brexit and partly because of covid. Under the last few years of the Conservative Government, it did not get back to its pre-covid level of 41 million visitors to the UK—it is now at 38 million. As I said, I want us to get to 50 million by 2030. The only way we are going to do that is if we significantly improve the offer at every stage of the experience of visitors coming to the United Kingdom.
Yes, there are undoubtedly challenges for the hospitality industry—I said this in a speech yesterday afternoon—but the thing that really worries me is that historically we in this country have seen a job in the industry as something that someone has to do when they have not got another job. I want to change that so that it is a career to be proud of; something respectable that someone might do for their whole life.
The Minister for Creative Industries, Arts and Tourism (Chris Bryant)
Copyright and the protection of artists’ moral and economic rights is an absolutely essential part of ensuring that they are properly remunerated for their creativity. We will do everything in our power to make sure that the copyright regime remains, is strong, and is strongly enforced.
Oral Answers to Questions
Debate between Lindsay Hoyle and Chris Bryant(2 months, 2 weeks ago)
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Chris Bryant
I know about Cuddington, because the hon. Gentleman told me about it yesterday. Cuddington is such a typical English village that it has featured in “Midsomer Murders”, which is fictional—a bit like the previous Government’s financial affairs. I know we have said that the desire to please is not part of what Ministers are meant to do, but I do have a desire to please him and his constituents. The Government will work as fast as we can with industry to try to develop 4G in his constituency. I am happy to arrange for a meeting between him and my officials to ensure he has street-by-street analysis of how we can do that.
Chris Bryant
I am getting more popular day by day, which is unusual in my life. I am, of course, very happy to discuss the issues in Crowthorne.
One thing that really concerns me is that quite often, the published version of what connectivity is available in everybody’s constituency will say that there is 92%, 93% or 95% of connectivity from all four operators, but actually, if we stand there with a mobile phone, there will not be any connectivity whatsoever. I have written to Ofcom and it has written back saying, for instance, that in that precise location the coverage may be above or below the predicted level, leading some consumers to not get the service they expected. There is a phrase for that.
Oral Answers to Questions
Debate between Lindsay Hoyle and Chris Bryant(3 months, 2 weeks ago)
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Chris Bryant
I am glad that my hon. Friend has raised this important issue that affects many people. In the words of Stephen Sondheim, “art isn’t easy,” and neither is the legislation in this area, but we are determined to look into it. It is already a criminal offence to share an intimate image without consent, whether real or synthetically generated, and we will deliver on our manifesto commitment to ban the creation of sexually explicit deepfakes.
Jim Shannon (Strangford) (DUP)
I am the real thing, Mr Speaker.
The creative industries in Strangford and across Northern Ireland are very important. In responding to the point raised by the hon. Member for Congleton (Mrs Russell), it is important that Northern Ireland has similar consideration. Has the Minister had an opportunity to speak to the relevant Minister in the Northern Ireland Executive to ensure that anything that happens here to protect women and ladies also happens in Northern Ireland?
Chris Bryant
The hon. Gentleman makes a good point. Although some of the areas we are discussing are, of course, devolved, we want to make sure that the whole UK moves forward in the same direction. I am keen to talk to my counterpart in Northern Ireland about this subject.
Chris Bryant
The truth is that dynamic pricing has many different forms and some of them are good. For instance, early bird tickets benefit many people, as does buying last-minute tickets for the theatre. We will not interfere with that, but we will have a call for evidence about how that works in relation to live events. On ticket pricing, the real scandal is that, for example, the face value of standing tickets for Coldplay at Wembley on 22 August 2025 is £96.23, but when I checked StubHub this morning they cost £17,633. That is the real scandal and that is what we are going to deal with.
Mr Speaker
Order. Topical questions are meant to be short and punchy, not a big, long question, Jo. Minister, can you pick the best out of that?
The Minister for Creative Industries, Arts and Tourism (Chris Bryant)
I completely agree with what my hon. Friend was about to say.
Mr Speaker
Which part: the first three minutes or the second? I call the shadow Secretary of State.
Oral Answers to Questions
Debate between Lindsay Hoyle and Chris Bryant(3 months, 2 weeks ago)
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Chris Bryant
I welcome my hon. Friend to her place. She makes a really good point: as we take away the copper lines and move over to the new technology, which we need to do, it is absolutely essential that we ensure there is a safe transition, even if it is only for people who have telecare devices on which they rely for their own safety—I am sure we all have relatives who have one of those. I have already met all the operators, and I am determined to crack the whip on this issue.