(5 years, 4 months ago)
Lords ChamberMy Lords, I understand some Members’ desire to make this about Brexit but it is important that we focus on the job in hand, as I said. The noble Lord knows that I have immense respect for him, but we do not want to be in the position of talking down the excellent production of and workforce at Airbus. There really is no call for that. We should focus on helping the workforce at Bridgend.
My Lords, as someone who worked in the motor industry early in his career, I know that although the executives in the industry are cautious about what they say, they need Brexit like a hole in the head, whether it is with a deal or no deal. That is because there is a seven-year investment cycle in the industry. It is not about what is happening in the short term but about what is going to happen as each production line comes up for investment, as is now the case in Bridgend. The whole industry risks being destroyed by the uncertainty—not just on whether there is a deal in the next few months but over the next five years while we try to negotiate a deal going forward. That is the problem for the motor industry and surely that is why it is at risk.
My Lords, again it is important that we as politicians do not seek to interpret what executives in the car industry say. They are sufficiently strong to know their own minds and they are not backward about coming forward and telling Governments what they feel. If they say that this decision would have been made anyway and that it is not related to Brexit, we must take them at their word. It does not do any good at all to claim that this is about something that it is not. That is not to say, as I have now repeated many times, that uncertainty in the economy is a good thing; it is not and we all know that. That is why we need a Brexit deal and I hope that noble Lords will take that message back to their leaders so that we can come together and get a deal before the end of October.
(8 years ago)
Lords ChamberMy Lords, I must declare my registered interests, including that of chair of the housing association Housing & Care 21. I will make only two points, a general one and one in relation to retirement housing.
The Government are possibly at a turning point in their approach to housing because of their concerns about the national economy and that they will not achieve the objectives they set themselves. I hope that as the Government develop their plans to boost the amount of housebuilding they will recognise that to get more new homes built they must encourage all sectors of housebuilding, not just the promotion of private ownership. We will never get more than 160,000 or 170,000 homes per year—an absolute maximum—unless we have a much more general approach to housing policy. Private developers will build only houses they think will sell. Frankly, in the current uncertainty of the Brexit climate they will hold back on houses they are building. We must encourage larger developments that are more likely to be pushed out quicker and where there is commitment to mixed development—with private sale housing built alongside private rented and social rented accommodation—as well as encouraging provision for self-build and shared ownership. The plans to regenerate public-sector housing estates in our cities—a vital priority—will be achieved only if we have the same approach of partnership between the private and public sectors.
Secondly, on retirement housing, I think we all accept in this House—it is probably more immediate to our own outlooks on life—that the release of much-needed family housing plus the need to contain costs within the National Health Service mean we must promote much more independent living for retired people through accommodation that is well designed and supported for them and that takes them through into extra-care housing as well. To ensure that happens, I ask the Minister to look again at the Government’s current proposals to limit housing benefit to the local housing living allowance. Currently, that will take no account of the extra property costs for this type of retirement housing. That means that they are proposing, from 2019, to impose on existing retirement residents the need to pay—it will be deducted from housing benefit—the difference between the local housing living allowance and the actual rent. In almost all cases, the cost for these retirement properties will be higher because of the extra facilities they need. If the Government are not careful, they will have a reinvention of the bedroom tax regarding the retired population in this type of accommodation. It will also undermine plans by housing associations to fulfil commitments to their funders to develop more of this type of housing which is urgently needed. The result will be simply less development.
The Government need to look at this again. I know they have been looking at supported housing in general but they need to look at retirement housing quickly. People are already moving into this type of accommodation and will need to be warned of the extra charges that the Government are to impose on them. If they do not do this quickly they will hold up development of this type of housing, just at the time that the economy needs it.
(9 years ago)
Lords ChamberMy Lords, keeping bills down for hard-working families obviously is a vital part of the Government’s policy—and it very much remains so. It is true that the costs of solar and of other renewables are falling significantly. Solar is on the fastest trajectory downwards. We are very keen to reduce the cost of solar panels by, for example, supporting lifting the ban on minimum price restrictions on the import of solar panels from China into the EU, as we are doing.
Is the reversal of the incentives for long-term investment in the renewable energy sector not in complete contradiction of the warning given by the Governor of the Bank of England that climate change is a threat to our financial resilience and long-term prosperity?
My Lords, extremely important at the moment are the climate change negotiations that are taking place, or will take place, in Paris at the end of the year, as I am sure all noble Lords will agree. The most significant thing that is raised internationally is the generosity of the contribution from the United Kingdom of £5.8 billion towards resilience and mitigation. That is what the discussion is about: taking international action. That remains extremely important.
(13 years, 5 months ago)
Lords ChamberMy Lords, I endorse those last comments about the importance of the internet and electronic media. That issue will have to be considered. Regarding the establishment of the committee, the indication was that the Justice Secretary and the Culture Secretary would be liaising with the chairs of the Liaison Committee and the Culture, Media and Sport Committee. As Minister of State at the Ministry of Justice, my noble friend Lord McNally, is present, and I am sure that that will ensure that the views of the terms of reference reflected in our exchanges here will be fed into that. I think that it was clear that the committee is intended to use the representation of both Houses and the expertise that exists in both Houses.
My Lords, I welcome the report in the interests of open justice. The issue that I raised last Thursday was part of a longstanding commitment by my noble friend Lord Oakeshott to ensure that the Financial Services Authority publishes a full report on the reasons for the collapse of the Royal Bank of Scotland. I believe that the FSA has now agreed to include the matter in its inquiry. I therefore ask my noble friend how the courts are going to ensure that public interest is protected and considered when injunctions are being requested. How will statutory bodies such as the Financial Services Authority be able to investigate when corporate governance procedures may be being breached but the information about that is restricted?
My Lords, I am sure that my noble friend would agree that it would not be proper for me to comment on any one particular case. If there is an issue of more general importance, I am sure that it will be possible for these concerns to be fed into the work of the Joint Committee.