(1 year, 10 months ago)
Lords ChamberMy Lords, people watching these proceedings will be astonished that this House seems minded to obstruct this Bill and to fail to fully engage with the difficult and messy process of self-government as an independent, sovereign parliamentary democracy, arising from the largest plebiscite in British history in 2016.
The Bill should be seen in the wider context of what went before and what is proposed, a wider historical context—what I might call the Benn challenge. In his valedictory speech to the House of Commons in March 2001, Tony Benn asked of those tasked with exercising power:
“What power have you got? Where did you get it from? In whose interests do you exercise it? To whom are you accountable? And how can we get rid of you?”—[Official Report, Commons, 22/3/01; col. 510.]
Is that not the fundamental question at hand in considering the Bill today? The fact that the EU failed to answer that question is why Brexit happened.
The Bill’s opponents are mostly well-meaning and sincere, and I accept that, but many observers will see an effort to thwart Brexit and render it a failure. Some noble Lords pray in aid the need for scrutiny and oversight, but they were silent when 265,490 EU laws, judgments, directives, regulations and decisions—the mythical EU acquis—mostly taken behind closed doors and rubber-stamped by the European Council of Ministers, were forced on our sovereign Parliament between 1973 and 2020 by virtue of one Act of Parliament: the European Communities Act 1972, Section 2. No one voted for that, unlike Brexit and the Conservative Party manifesto in 2019, and the elected House just last month, which gave this Bill a healthy Third Reading majority.
The withdrawal Act 2020 specifically and formally recognises in Section 38 the right of the UK to exercise—in its own way, within its autonomy and independence through a sovereign Parliament—its own legal regime. It was also well understood in 2018 that the withdrawal Act was iterative and transitional legislation, so a sunset clause is both logical and inevitable, although perhaps arbitrary, and any attempt to extend it beyond either 2023 or 2026 will be viewed as lacking democratic legitimacy.
There is no evidence—this is the Chicken Licken argument—that the Bill will inevitably lead to a weakening of our own domestic legal rights and protections. In any case, no Government can bind the hands of their successors. Any policy development that is against the interests of working people in this country will be judged harshly, and the efficacy of those policies will be judged at a general election. That is the basis of democracy. It is not our place to second-guess the views of the electorate at a forthcoming general election.
We now have opportunities to develop new policies and make our own laws on animal welfare, on vaccine rollout, on freeports and on diverging from EU solvency rules. The Bill honours the commitment made to the British people in 2016 and 2019. I regret that I have not been able to rebut the findings of the committee report published last Thursday, but in due course we will do that in Committee and on Report. Essentially, EU legal and political supremacy has no place in a mature, independent, self-governing democracy.
(7 years, 9 months ago)
Commons ChamberI agree with the hon. Gentleman that it is not only about what we invest but about the returns and where those returns go. For example, it is about how the public sector ensures that it reaps those returns.
We can use statistics in many different ways, and I will not attempt a battle of statistics here, but I hope the hon. Gentleman is not arguing that the UK is leading the world. However we account for it, the UK is not leading the world in investment in technology, science and R and D, which is where our future lies. We need greater investment in that. [Interruption.] I am not sure what the Minister is saying from a sedentary position, but I hope to be enlightened at some point.
Again, the Government’s industrial strategy has absolutely nothing to say about ensuring that sectors such as retail can take up technology. The Government chose to cherry-pick certain favoured sectors for backroom deals and failed to address the root cause of our productivity crisis, leaving the majority of British workers out in the cold.
Skills and technology are key to improving productivity, but we also need a strategic vision, which is notably absent from the Government’s productivity plan. As the hon. Member for Cannock Chase (Amanda Milling) highlighted, we need a plan and a strategy. When the Government’s industrial strategy came out, we saw that it had plenty of pillars but no vision. Adding the 10 pillars of the industrial strategy to the two pillars of the productivity plan results in 12 pillars and no vision. The Government are building pillars on hot air.
As the hon. Lady has represented a north-east seat for seven years, surely she understands that part of the problem is over-reliance and overdependence on financial services, construction and Government expenditure, which are concentrated in the greater south-east. Her Government did next to nothing about that when in power.
The hon. Gentleman fails to recognise the work of the regional development agencies, which his Government abolished and which contributed significantly to changing the industrial landscape. He appears to be arguing against the financial sector, the construction sector and Government spending, and we do need to diversify, but the Government can aid that process. He fails to recognise the role that an intelligent, smart Government can play in supporting smart, sustainable economic growth. So long as Government Members fail to recognise that, we will not see smart growth in this country.
I am a fair-minded and generous person, so I will agree that it was more successful in the north-east than in other regions, but several academic studies have found that, in the period up to 2010, the inequalities both between and within regions were not ameliorated in any respect by the regional strategy of the Labour Government.
It is interesting that the hon. Gentleman likes to concentrate on the record of the last Labour Government, which was more than seven years ago, instead of looking at the record of this Government, of the institutions that they have or have not put in place and of their success or absolute lack of success either in addressing regional imbalances or in addressing the debt. They have succeeded in increasing national debt, while also not generating any smart, long-term growth. I would be reluctant to get up to praise that record.
Despite the Prime Minister’s rhetoric about a “new, active role” for the state in the economy, the average level of public investment in this Parliament is set to be 1.9% of GDP, which is lower than the level during the coalition’s austerity agenda and barely half of what it was under Labour. This Government are, in effect, reducing private sector investment and public sector investment at the same time, taking away the lifeblood that our economy needs. Austerity did not deliver smart growth, and austerity in all but name will not do so either. The Labour party has committed to investing £250 billion in capital expenditure over 10 years, as well as committing to a national investment bank and regional development banks. I ask the Minister to say how he will be able to change our productivity and deliver on smart growth without those things.
In conclusion, our country’s productivity problem will not solve itself. We need sustained, long-term investment in skills and technology. That will not be forthcoming unless the Government have a clear, strategic vision for the future. We need to mobilise both public and private actors, crowding in investment to boost skills and innovation, and tackle the root causes of our productivity crisis. Only by doing that can we create the high-wage, high-skill, high-productivity economy that this Government say they want, that the British people deserve and that only a Labour Government can deliver.
(8 years ago)
Commons ChamberWhen the hon. Gentleman reads the Green Paper, I think he will welcome our proposals, which address some of the points he is making to ensure that the pay of the top management is aligned with the long-term success of the company, and to require a greater connection between the workforce and the management, as well as customers and other groups. That is a step in the right direction, and as my colleagues have pointed out, business has warmly welcomed it. This is a timely and useful upgrade in the standard of corporate governance in this country.
Untrammelled corporate greed is no more one of our party’s values than untrammelled trade union power is, so this is an authentically Conservative statement, which I welcome. May I press my right hon. Friend specifically on how he will ensure adequate scrutiny of institutional investors who are discharging their role in respect of corporate governance?
My hon. Friend is absolutely right; Conservative Members believe in competition and that it provides the best possible environment, which has benefits to consumers, employees and taxpayers. That is very much our watchword. The Green Paper contains proposals on how we can encourage institutional investors, who, as I said, invest the money from pension funds to which many people in this country contribute, to be more active in exercising their stewardship of the companies in which they invest.