(1 year, 5 months ago)
Lords ChamberThe noble Lord is of course right in that renewables are good, available and cheap but they are intermittent so we need technology such as nuclear, which has already been referred to, and pumped storage, of which there are excellent examples in Wales. We will certainly look at removing any future barriers to the deployment of further pumped storage.
My Lords, on an earlier occasion, the Minister referred to the possibilities of nuclear fusion. Is he in a position to say whether the contribution that British scientists have been making to this exciting possibility are inching forward in any way? Given the earlier exchanges about the importance of lithium in making batteries for electric cars, how does the Minister respond to reports today that China already possesses 25% of the lithium market and within a decade will have 30%? Of course, it relies on child slave labour in countries such as Congo to make those batteries.
(1 year, 10 months ago)
Lords ChamberThe noble Baroness has queued up my noble friend Lord Parkinson for his return; we are all looking forward to his contribution. There are difficulties in the employment tribunal system—many of which are a result of the pandemic—as there are across the whole of the judicial system. Colleagues in the Ministry of Justice and others are working hard to resolve those problems.
My Lords, can the Minister give further thought to and reflect on the suggestion made to him about the importance of looking at products produced by companies that fire and rehire? Would it be possible to amend the Procurement Bill—the noble Baroness, Lady Neville-Rolfe, is sitting alongside him and now has responsibility for overseeing that legislation—to prevent companies using these practices from selling their products into the Government’s supply chains?
I am sure my noble friend Lady Neville-Rolfe has heard what the noble Lord said. I am not going to give any commitments on her behalf. It is important to point out that only a very tiny minority of employers resort to these practices. The vast majority of employers look after their employees well and responsibly. As I said, we do not encourage these practices.
(2 years, 4 months ago)
Lords ChamberI cannot comment on the details of that particular transaction, which is still under consideration, but I can tell the noble Lord that DCMS is working on a semiconductor strategy that will also be published shortly.
My Lords, this about the United Kingdom’s biggest producer of microchips and semiconductors; it is about national resilience and whether or not we wish to become a wholly owned subsidiary of the People’s Republic of China, which has been accused of genocide by Elizabeth Truss, our Foreign Secretary. What can the Minister tell us, for instance, about the value of contracts that his own department has had, or that the Ministry of Defence, perhaps more particularly, has had, with Newport Wafer Fab? What is the value of those contracts, and will the departments become customers of the People’s Republic of China, should this deal go ahead? Why are we not giving consideration to, and why will he not comment on, the remarks of Ciaran Martin, the former head of the National Cyber Security Centre, who said that there are “very real concerns” about the buyout and that it poses a greater threat than allowing Huawei to build the United Kingdom’s 5G network; and this week’s statement by the Foreign Affairs Committee in another place, that
“it potentially compromises national security”?
I totally share the noble Lord’s frustration about this, and totally align with his remarks about the People’s Republic of China. On the awful human rights abuses going on there, particularly the treatment of the Uighur people, there is no difference between us. Unfortunately, this is a quasi-judicial decision that will be taken by the Business Secretary under the powers granted to him by the National Security and Investment Act, which many of us debated at great length in this House. I cannot comment on the details of a quasi-judicial decision, or on national security assessments. I apologise to the noble Lord, but that is the position.
(2 years, 9 months ago)
Lords ChamberTo ask Her Majesty’s Government what assessment they have made of the strategic importance to the United Kingdom of Newport Wafer Fab prior to its takeover by a Chinese-owned company.
My Lords, we welcome trade and investment where it supports UK growth and jobs and meets our legal and regulatory requirements while not compromising national security. Where we believe there are concerns, we raise them, and where we need to intervene, we will. As the Prime Minister said at the Liaison Committee in July 2021, the National Security Adviser is reviewing this takeover and it would therefore be inappropriate to comment until his review has concluded.
I thank the Minister for that reply, and I understand that he cannot say a great deal more about the review. Nevertheless, can he say something about the clarity of the Chinese Communist Party’s position in comparison with that of the UK, in that it has a clear strategy of undermining resilience and security; promoting dependency; acquiring intellectual property and data; and destroying competitiveness through slave labour in everything from green energy through to surveillance equipment made in places like Xinjiang, which the Foreign Secretary has called a slave state practising genocide? In letting it acquire the UK’s largest-selling silicon chip factory, what account has been taken of these things; the National Security and Investment Act, which will come into effect in January; the integrated review; and the Competition and Mergers Authority’s position?
(2 years, 10 months ago)
Lords ChamberThe noble Lord would be incorrect if he came to that conclusion. HMRC and the Chancellor have taken robust action against tax avoidance and evasion and will continue to do so. Many of the complaints I get from people about HMRC are that it is too aggressive in pursuing individuals and companies for its tax take. So, it will take no lessons from the noble Lord in wanting to increase its tax take.
My Lords, the All-Party Parliamentary Groups on Hong Kong and on Uyghurs, on which I serve as vice-chair, have drawn the Government’s intention to the impunity of those such as Carrie Lam and Chen Quanguo, involved in the destruction of Hong Kong’s democracy and the Uighur genocide. Will the Minister instigate a UK asset audit of such officials and the families of those responsible for these depredations, and accelerate scrutiny of Chinese-UK property developments, such as Nine Elms in south London? This has borrowed £430 million from banks, potentially leaving us vulnerable to collateral damage from the Evergrande crisis, with liabilities—in a re-enactment of the South Sea bubble—now topping some £2 billion.
The financing of development activity is, of course, a commercial decision and the Government do not intervene in those investments. But, in March 2021, in a co-ordinated effort with the European Union, the US and Canada, the UK imposed sanctions, including travel bans and asset freezes, on several Chinese officials in response to the human rights abuses against the Uighur community. I assure the noble Lord that we continue to monitor the situation. The UK has introduced global human rights sanctions regimes, complementing our anti-money laundering measures, including those implicated in human rights abuses, ensuring that they cannot utilise funds that have been obtained illicitly in the UK.
(3 years, 2 months ago)
Lords ChamberWe have donated £548 million to the COVAX initiative, which has been match funded to a total of $1 billion.
My Lords, given the government statement at the TRIPS council meeting on 9 June that suggested that
“vaccines for new pandemics will simply not be developed”
if there is action on intellectual property, what role does the Minister consider the £100 billion in taxpayer subsidies played in Covid-19 vaccine development? Will he confirm that, apart from the role of big pharma, to which he has referred, 97% of the costs of developing the Oxford/AstraZeneca vaccine were covered by public funds?
A strong IP system is crucial in supporting the rapid development of new vaccines, but the noble Lord is right: we contributed extensive taxpayer funds to supporting it.
(3 years, 7 months ago)
Lords ChamberThe noble Lord makes an important point, and, of course, we constantly review all these numbers. We last looked at the insolvency provisions in recent legislation, and it is always difficult to get the balance between different creditors right when there are insufficient funds available.
My Lords, I return to the question of the noble Baroness, Lady Verma. Will the Minister commit to an empirical evaluation of the impact of Covid-19 on our already embattled high streets—in relation to footfall and spending? As the experience in different parts of the country has been bumpy and uneven, will he spell out how the Government are working with local authorities and chambers of commerce to ensure a tailored response, according to local circumstances?
We are fully committed to supporting businesses that make our high streets and town centres successful. As the nation responds to the impact of Covid-19, I can tell the noble Lord that we are investing £830 million through the future high streets fund in 72 areas across England, helping to renew and reshape high streets in our town centres.
(4 years, 3 months ago)
Lords ChamberOur 2050 targets are now legally binding. We are committed to them and do not believe that there is any need to review them. We believe that we can continue with those targets and prioritise economic recovery at the same time; we do not believe that they are mutually exclusive.
My Lords, as Nigeria, Africa’s biggest country, seeks $7 billion of emergency funding from the IMF to offset the crash in oil prices—from which Nigeria receives 70% of its revenue—what assessment have we made of the effects of the crash on the economy and social cohesion of Nigeria and of how we might use some of the £800,000 which the UK gives Nigeria every day in overseas aid to help it address the deep-seated structural problems and reliance on oil exposed by Covid-19?
The noble Lord makes an extremely good and valid point. The Foreign Office and the Department for International Development will be closely monitoring the situation. We have a close affinity with people in Nigeria and we will do all that we can to help them; he will be aware of our very large aid budget in that country.