(7 years, 8 months ago)
Commons ChamberI am not an expert on this, but the small and medium-sized bus companies in my constituency tell me that they are very concerned indeed. They have established their businesses on the back of a lot of hard work, and they have taken a lot of risks. One company that came to see me said that its directors had re-mortgaged their homes and invested their life savings to ensure that the company grew. They stand to lose—not because they have not performed properly, not because they are a bad company, and not because the passengers have decided that they no longer want to use those services—if they do not win a bid to continue to do what they have been doing successfully for many years. I suggest to the hon. Gentleman that this is a fair measure and I ask the Minister to consider it.
The wider point is this: what message does it send to businesses looking to invest in the UK? We want businesses to come to the UK to invest. We should be saying to them, “You’ve come to the UK to invest, and if local authorities take your business off you there will at least be some compensation.” This measure will, in the longer term, represent good value for the taxpayer, because it shows that taxpayers’ money will be put to a good use. If businesses are put out of business because of measures in the Bill, then surely there should be some recourse to compensation.
The hon. Gentleman rightly talks about the importance of delivering value for money for the taxpayer. In the north-east, as in many parts of the country, there is not good value for the taxpayer. The Competition Commission has shown that a very limited number of bus operators have a monopoly over our services. The competition that was meant to follow deregulation has not materialised. This is not good value for the taxpayer. The Bill would allow smaller operators to break into a market on which the big boys currently have a stranglehold.
(14 years, 1 month ago)
Commons ChamberMy right hon. Friend the Secretary of State and I are passionate about the overseas territories, as they are an important part of the British family. We are developing a new strategy for them involving the whole UK Government, with the aim of bringing renewed focus to our relationship with them. We have a particular responsibility to ensure the security and good governance of the overseas territories, as well as to support their economic well-being.
Specifically on the Turks and Caicos Islands, will the Minister update the House on the progress of Helen Garlick’s investigation into corruption there and when he anticipates its reporting in full?
I visited the Turks and Caicos Islands recently and had a couple of meetings with Helen Garlick. I also met her, along with my counterpart from the Department for International Development, the week before last. She assured me that the investigation is making good progress, and she is hopeful that she will be able to prefer charges early next year. That will be an important milestone in our plans to get the Turks and Caicos Islands back on their feet.