Economic Update

Lord Fox Excerpts

Wednesday 19th October 2022 Lords Chamber

[Lord True (Con)]

My Lords, I reiterate that the purpose of the Government is certainly to help those who are vulnerable and those living in some anxiety at the moment. That is one of the reasons why we are looking at ways of concentrating the energy help on the most vulnerable as we go forward, after dealing with the immediate crisis. I assure the most reverend Primate that the levelling-up programme will continue. Many of the growth measures that were announced will also continue. I hope that if local authorities in his area wish, for example, to set up investment zones to attract jobs and investment in the way that the Government would like to see, then he will, with his great leadership role in the community, give support to such propositions.

[Lord Fox (LD)]

My Lords, until about a week ago, the whole Cabinet and most of the Members opposite were proclaiming that the only way to deliver growth was through a whole suite of tax cuts. We now know that almost all those tax cuts have been reversed, so what is the plan for growth, how much growth does the Minister expect, and when can we start seeing the measures that will deliver the growth that we need in this country?

[Lord True (Con)]

My Lords, we will continue to go for growth by delivering support for families who need it most—for example, by cutting the tax burden that would have taken place with the national insurance tax. That levy reversal will give 28 million people an average of £330 a year. We will go for growth by launching investment zones, as I said when responding to the most reverend Primate. We will introduce minimum service levels for transport services shortly in Great Britain, to ensure that strike action cannot derail economic growth; I look forward to support from the Liberal Democrats for that legislation. We will accelerate infrastructure projects across the country and have announced over 100 of them for transport and energy. We will also speed up delivery to undertake the complex patchwork of restrictions and EU-derived law.

P&O Ferries

Lord Fox Excerpts

Wednesday 23rd March 2022 Lords Chamber

[Baroness Bloomfield of Hinton Waldrist (Con)]

I thank the noble Lord for reminding the House of his career in P&O, which was one of my first clients in the 1980s, when I joined the shipping department of Bank of America, and I remember him well. The Government are absolutely shocked by the actions of P&O Ferries, and we must make the point here that there is no relationship between P&O Ferries and P&O Cruises, which are entirely separate organisations. We are shocked by its actions over the past week. We have been angered by the lack of empathy and consideration that P&O Ferries has demonstrated towards its employees. The way that these workers were informed was completely unacceptable, especially as P&O Ferries received millions of pounds of British taxpayers’ support through furlough.

[Lord Fox (LD)]

My Lords, as the Minister knows, multi-divisional companies such as DP World use a legal corporate veil so that they can hide behind the deeds of those subsidiaries. However, there is no moral corporate veil and DP World is morally implicated in the activities of P&O Ferries. How can the Government continue to do business with DP World, how can they continue to give it £50 million in tax breaks and why are they not suspending immediately the involvement of DP World in the two freeports that it has been granted?

[Baroness Bloomfield of Hinton Waldrist (Con)]

The noble Lord is right and, as Ministers stated in the other place, we are reviewing existing arrangements and working with all government departments to consider what relationships we have with DP World. This includes my honourable friend in another place, Minister Scully, saying that the company should be on notice that it had fundamentally changed the relationship with government, including a £25 million subsidy the company received to help develop London Gateway as a freeport. It needs to realise that the relationship between the companies and the Government has changed as a result of its absolutely callous conduct.

Covid-19: Strategy

Lord Fox Excerpts

Tuesday 12th May 2020 Lords Chamber

[Baroness Evans of Bowes Park]

On the noble Lord’s first point, we are extremely concerned about the apparent disparities in how Covid-19 affects people. That is why Public Health England is undertaking a rapid review to provide insight into how factors such as ethnicity, deprivation, age, gender and obesity are disproportionately impacting people. That review is under way and the findings will be published at the end of the month. In relation to his other points, as I said, we are working closely with the unions and businesses in developing our guidance. I am sure that we will take advantage of the excellent union reps that the two noble Lords mentioned. We are working closely with business in all sectors, including construction, to make sure that the workforce who return go to a safe place. That is in all our interests, and I believe that employers and employees will work together to ensure that it happens.

[Lord Fox (LD)]

My Lords, the Prime Minister’s Statement announced an escalation in the level of fines. The debate earlier this afternoon highlighted how much confusion there is around legally enforceable regulations and non-enforceable guidelines, and the noble Lord, Lord Mackenzie, highlighted the difficulties the police have. In order to develop some clarity, perhaps the Minister could give just two specific examples of public behaviour which the new increased fines are designed to stop.

[Baroness Evans of Bowes Park]

As I have said, the Home Office is working closely with the police on the guidance, and I am sure that it will update it through the NPCC and the College of Policing. As the noble Lord rightly says, fines will go up to £100, which will be lowered to £50 if paid within 14 days. As now, if members of the public do not follow the rules, the police can arrest individuals who are acting unlawfully and instruct people to go home, leave an area, disperse or impose fines.

It is worth reiterating to noble Lords that the vast majority of people are respecting the rules and what is happening. Only a very small minority is not doing so, and it is absolutely right that the police should have the tools at their disposal to deal with that minority.

Data Science: Government Processes

Lord Fox Excerpts

Tuesday 4th February 2020 Lords Chamber

[Earl Howe]

I am sure the noble Lord is aware of the Government’s policy on ID cards. We do not believe they are the answer to any of the problems that noble Lords and others have mentioned.

[Lord Fox (LD)]

My Lords, I understand that we have been promised a national data strategy at some point. What level of scrutiny will Parliament have over that strategy and will it be able to amend and improve it?

[Earl Howe]

Transparency is very important to DCMS, which is leading the work on the national data strategy. Last June, it published a call for evidence. It also conducted more than 20 round tables, structured around the three themes it had identified—people, the economy and government—with around 250 organisations. That first phase focused on engaging with academics, civil society and small and medium-sized enterprises, but DCMS also intends to hold vision workshops to include the public in discussions of what the strategy should include. I do not doubt that parliamentarians will be included.

Priorities for the Government

Lord Fox Excerpts

Thursday 25th July 2019 Lords Chamber

[Baroness Evans of Bowes Park]

We will be in negotiations with the European Union, which means, of course, that two sides will be involved and looking for what they want—but both sides want a deal. We want a constructive, strong relationship with the EU going forward; they want that, and we want that. That is why we are very keen to begin discussions with both the Commission and EU leaders to try to get over the current impasse because at the moment, we do not have a withdrawal agreement that we can get through the House of Commons.

[Lord Fox (LD)]

My Lords, there was no mention of industrial strategy in the Statement. Given the two new incumbents of the Treasury and their stated views on, and opposition to, industrial strategy, would it be fair to assume that it is no longer government policy?

Industrial Strategy

Lord Fox Excerpts

Wednesday 26th October 2016 Lords Chamber

[Lord Monks (Lab)]

My Lords—

[Lord Fox (LD)]

My Lords—

[The Lord Privy Seal (Baroness Evans of Bowes Park) (Con)]

My Lords, it is the turn of the Liberal Democrats and then we shall hear from the Labour Benches.

[Lord Fox]

My Lords, I declare an interest in GKN and Smiths Group. At this week’s Science and Technology Select Committee, the Science Minister from the other place was unable to describe to us what the intention of an industrial strategy would be. Given that the last Parliament put in place a long-term industrial strategy, what role will that play in this long-term industrial strategy, and can the Minister explain to us what it is?

[Baroness Mobarik]

As I said, we are consulting on it just now, and it will not happen overnight. However, I can say that we will focus on our strengths. That does not mean to say that we are just picking out winners. We are tailoring our approach to the needs of different sectors and looking at our proven strengths—a cornerstone of good strategy—and this country has no shortage of those, such as our world-beating aerospace and automotive industries. We recognise that we must continue to support our successful industries and build upon the significant progress that has been made through the existing sector strategies. However, we need to create an economy where new entrants can come in, new businesses can be created, and new companies can challenge incumbents.