(10 years, 10 months ago)
Lords ChamberMy Lords, I speak here today with some amount of nervousness and a large dollop of disbelief. First, I thank the House for the warmth of its welcome, and particularly my two supporters, the noble Lord, Lord Reid, and my noble friend Lord Green, whom I will be honoured to succeed as Minister of State for Trade and Investment in December. I also thank my mentors and the people who are huddled on the Second Floor West, somewhere near the fire escape, for all their guidance; my roommates have been very helpful. Most of all, I thank the staff of the House. They have been unfailingly pleasant and smiling and I thank them for all their help, particularly for their directions. This is not a House for those who are geographically challenged like me. I think it was designed along the line of Hogwarts: there are some staircases that do not lead to the same place today as they did yesterday.
I used the word “disbelief” about speaking in this august Chamber. That, in part, reflects my background. My family came to this country over a century ago. They were penniless when they arrived. When my great-grandfather became prosperous he moved into a two-bedroom flat, with just 12 of the family. My father was the first person in our family to go to university. He became a doctor, a GP in the east end of Glasgow near Parkhead. His 30 years of service to one of the most deprived communities in the whole of Britain is one of the reasons I took the title “of Parkhead”. The other reason is because I am a lifelong supporter of Glasgow Celtic. Its home is at Parkhead and I thought a recognition of the first British team to win the European Cup was appropriate.
I chose to make my maiden speech today for the simple reason that this debate is about one of the most important issues facing society today. In tackling this subject the committee chaired by the noble Lord, Lord Filkin, has shown many of the great attributes of this House: it is considered, long-term, bipartisan and constructive
I should like to expand on a few of the points raised in this excellent report. First, too many people are still facing a cliff edge on retirement. They need help going into retirement but do not want to completely give up doing things because they still have a contribution to make to society. That contribution may take place through voluntary work and it is highly appropriate to have an organisation to help with that.
However, as an ex-businessman, I want to raise the issue of what business can do. Businesses already have to meet an increasing demand 24/7. There are peaks in demand, with customers wanting things very quickly seven days a week. These workers present a real opportunity. They are well trained, reliable and want to work part-time. They can help to meet some of the peaks in demand and be great mentors for newer workers. They provide a real opportunity for business. However, business needs to change its attitude to grab it but it will need help. Flexibility of pensions would assist it.
Businesses can benefit from this demographic shift in other ways and it can contribute to its solution. Most products today are designed for youth—it is the hot thing to do. However, there are more and more affluent older people—it is a growing market—and businesses need to put more effort into designing inclusive products that can not only assist people as they get older but can also provide real solutions, particularly for those who are housebound, to give them an outlook on society and to help them stay independent for longer.
Indeed, the emotional and financial case for independence is absolutely overwhelming. It costs something around £3,000 a month to keep someone in a care home; to keep them in a hospital bed is a multiple of that. To help them live on their own usually is a fraction of it. We need to look at what kind of levers we can introduce to allow people to live for longer independently. I will refer to two of them—carers and housing.
I turn first to carers. Carers already play a vital role, but it is a very tough one. Too often the stress and physical demands are too much, so that they themselves also become ill, and society ends up looking after two people rather than none. A little bit of help, such a small amount of respite care, can make a world of difference. Also, there should be grants to assist in the provision of a washing machine, given the amount of laundry that a caring situation can often create. A little money and effort can yield multiple returns.
We also have to recognise the need for the right type of housing. It should be designed to be more inclusive from the start. This will help people to stay in their homes for longer, but as their needs become greater, it is vital to provide them with the right sort of housing with the right sort of monitoring and care. That will help not only the ageing population, it will free up family homes for younger people and make the whole housing ladder more flexible. This area has to be looked at with the same urgency with which the issue of starter homes and social housing is being considered.
The UK is not unique. We face the same demographic challenges as many other countries. In fact, there are other countries in Europe with far worse challenges, while the position in Japan is more urgent still. We should look to them to learn about some of the things that they are doing, both on the micro and the macro basis. We do not have a monopoly on this problem, and I am absolutely sure that we do not have a monopoly on the solutions. If we take the right measures, we can make a big difference. As was said earlier, longevity and longer good health are a blessing. If we do not take these measures, we will have a crisis. We owe it not only to those who are now ageing but even more to our grandchildren and our great-grandchildren to take action sooner rather than later.