Static Caravans (VAT)

Mark Menzies Excerpts

Thursday 26th April 2012 Commons Chamber

[Mr Stuart]

The hon. Lady is right, and the Treasury is looking at it again and has extended the consultation.

[Mark Menzies (Fylde) (Con)]

I thank my hon. Friend for securing this debate. Three caravan park owners saw me at my surgery on Friday. The people staying at their caravans visit Blackpool and the sort of areas that the hon. Member for City of Durham (Roberta Blackman-Woods) talks about—areas that are struggling and need support. I ask the Minister to think again about this tax.

[Mr Stuart]

I am grateful to my hon. Friend. I know that the hon. Member for Scarborough and Whitby (Mr Goodwill), who I see on the Front Bench, has organised a meeting with his local park businesses in order to hear their concerns this coming Friday. Again, that shows how close this issue is to all of us.

Oral Answers to Questions

Mark Menzies Excerpts

Tuesday 24th April 2012 Commons Chamber

[Mr Osborne]

As a former teacher, the hon. Gentleman read that very well. He should also study the Institute for Fiscal Studies’ statement that if we had stuck to the plan left to us by the Labour party we would be borrowing £200 billion more than we are borrowing at the moment and, as I just said, paying £36 billion more in interest payments to creditors of the British Government.

[Mark Menzies (Fylde) (Con)]

24. In May 2010, the level of yield on UK Government 10-year gilts was the same as those of Italy and Spain. Now we are at record lows and they are at 7%, so what does that say about the credibility of the UK Government’s plan?

[Mr Osborne]

Again, my hon. Friend is absolutely right. We have very low interest rates in an environment in which many other European countries have much higher interest rates. That is a reflection of market confidence in the UK’s deficit reduction plan, and of course if we had pursued the path advocated by the Opposition—the same path that led us into this economic mess—we would be paying a higher interest rate, and there would be higher interest rates and families would have higher mortgage bills.

Business, Innovation and Skills

Mark Menzies Excerpts

Tuesday 20th December 2011 Commons Chamber

[Mark Menzies (Fylde) (Con)]

Thank you, Mr Deputy Speaker, for giving me the opportunity to take part in the pre-Christmas recess debate. I also wish to thank my hon. Friend the Member for Ludlow (Mr Dunne) for taking the time to reply.

Enterprise zones offer great potential to the people of Fylde. In September, BAE Systems announced 1,300 job losses, which will have an impact on my part of Lancashire as many of those fall on my constituents. It was then that my campaign for enterprise zones really took place, although I have long been campaigning for an enterprise zone to come to Fylde. I must put on the record the fact that following those job losses the Government were quick to act, announcing the zone to cover the sites at Warton and at Samlesbury in your constituency, Mr Deputy Speaker, during the Conservative party conference in October.

However, it is one thing announcing an enterprise zone and quite another turning it into something meaningful. The work force in our part of Lancashire truly are world-class. Many have backgrounds in engineering, in-flight systems design and advanced project management skills. As such, we need to aim high in the types of employers we seek to attract. In recent weeks, BAE Systems has come in for criticism for the way in which the aspects of job losses and restructuring have been handled. I believe that the Lancashire enterprise zones provide BAE Systems with an opportunity to show its commitment to the region and leadership in attracting world-leading companies to set up home on the Warton and Samlesbury sites, and I wish to take this opportunity to recognise all that the company is doing in this regard. It is also right to put on the record the work that you have done behind the scenes, Mr Deputy Speaker, to make Samlesbury a successful site for enterprise zones and potential inward investors. I know that you, too, have campaigned tirelessly, doing so behind the scenes because of the nature of your role, to do the right thing by the work force at BAE Systems, and it would be remiss of me not to recognise that.

Many in this House will be familiar with the advantages that an enterprise zone will bring to an area, and the purpose of this debate is not to go over old ground. Following the Chancellor’s announcement in the autumn statement that capital allowances will be given for some enterprise zones and not for others, may I use this opportunity to call on the Government to ensure that we do not create two classes of enterprise zones, as that will lead to distortions in investment decisions? Instead, we should do everything we can to ensure that all enterprise zones are given every opportunity to flourish in what is a very competitive and tough investment market. I ask the Chancellor to ensure that, within the EU investment rules, we are creative and we give companies every opportunity to use all the various investment and tax mechanisms in play.

With its high-tech and highly skilled design and manufacturing work force, Warton is a natural place for top-end capital intensive industries to invest. We have people there who have worked at the cutting-edge, and in some of the most challenging environments in this country, all their lives. Our people also have the ability to reskill, retrain and move into other sectors, so we must think about how we can use mechanisms in the Department to retrain and reskill them to meet the challenges ahead.

I also urge the Government to ensure that all enterprise zones in Lancashire and the north of England operate on a level playing field and that investment decisions do not simply go from one area to another as a result of the tax structure created in an enterprise zone—I have the zone in Liverpool very much at the forefront of my mind.

Finally, I would like to take this opportunity to request that the Government be open to all types of small-scale investment, such as investment in capital infrastructure, that would help to facilitate enterprise zones and make them more attractive. I know that the Chancellor will be receptive to requests for investment in roads and so on—on a small and limited scale—and I urge the Government to continue to adopt that open-minded approach. To gain the high-quality companies that my constituents and your constituents deserve, Mr Deputy Speaker, we need to seek not just home-grown organisations, but, in particular, those from overseas. So I urge UK Trade & Investment to have dedicated people selling the potential of investing in Britain’s enterprise zones to global investors. If we play this right, enterprise zones will give some of the most challenging areas of our country a new lease of life and will ensure that some of the most highly skilled and highly motivated people, who are currently threatened with losing their jobs, have a bright and sustained future. I thank the Government for the opportunity to bring enterprise zones to Lancashire and urge them to ensure that enterprise zones are the success that we know they can be.

Oral Answers to Questions

Mark Menzies Excerpts

Tuesday 1st November 2011 Commons Chamber

[Mr Osborne]

Again, there is absolutely no recognition that the Government the hon. Gentleman supported presided over the second deepest recession in the entire world. What is the Opposition’s explanation for that? Why was Britain so badly affected? Why was the British economy so unbalanced? Why had the gap between the rich and the poor grown? Why had manufacturing halved as a share of GDP? They have absolutely no answers on Labour’s record in office.

[Mark Menzies (Fylde) (Con)]

Will the Chancellor, or the Economic Secretary to the Treasury, expand on the advantages that the Warton local enterprise zone in my constituency will bring to businesses, particularly from tax breaks and improved planning rules?

[Mr Osborne]

I am very pleased that we were able to announce that additional enterprise zone for my hon. Friend’s constituents, which reflects the fact that the cut in the US defence budget had an impact on BAE Systems. I am glad that we were able to move quickly to create an enterprise zone, not only in the north-west but in east Yorkshire, to take into account the impact of that decision.

Oral Answers to Questions

Mark Menzies Excerpts

Tuesday 8th February 2011 Commons Chamber

[Mr Hoban]

The Government take the issue of financial advice very seriously. That is why we have supported the establishment of CFEB, which will be funded through a levy raised on the financial services sector, which is very important. It is also important that CFEB takes forward its work and considers how to reach out to some of the most vulnerable people in society.

[Mark Menzies (Fylde) (Con)]

18. What recent steps he has taken to implement the Basel III framework; and if he will make a statement.

[The Financial Secretary to the Treasury (Mr Mark Hoban)]

The Government are taking forward work on the implementation of Basel III. The agreement will be implemented on an EU-wide basis through revisions to the capital requirements directive. Legislative proposals known as CRD 4 are expected from the European Commission before the summer. The Commission is working towards the implementation of CRD 4 in member states including the UK on 1 January 2013, with the majority of measures to be phased in by 1 January 2018.

[Mark Menzies]

Does my hon. Friend agree that the Government’s willingness to consider capital control and liquidity reform vastly contrasts with what took place under previous Governments?

[Mr Hoban]

My hon. Friend makes an important point. Of course, part of the problem was that the light-touch regime introduced by the previous Government for the regulation of the financial services sector meant that, when losses rose, banks did not have sufficient capital to absorb them. The Basel III reforms will tackle that challenge, and I hope that we will see a stronger and more sustainable financial sector.

Oral Answers to Questions

Mark Menzies Excerpts

Tuesday 16th November 2010 Commons Chamber

[Mr Osborne]

In the spending review we took a number of difficult decisions, including decisions on welfare. We sought to identify the savings that we thought were most justified. As far as I understand it—although I am happy to be corrected—the DLA changes have been supported by the Opposition.

[Mark Menzies (Fylde) (Con)]

T7. Fiscal discipline is, if anything, more essential in opposition than in government. Will the Chancellor tell us whether he has received any support or advice from the Opposition on how to achieve that fiscal discipline?

[Mr Osborne]

I am told that they have plans to cut £44 billion from public expenditure, but they have not told me what those plans are.

Oral Answers to Questions

Mark Menzies Excerpts

Tuesday 12th October 2010 Commons Chamber

[Mark Menzies (Fylde) (Con)]

T7. In the Budget statement, the Chancellor of the Exchequer mentioned the need to rebalance the economy towards export-led growth, which is particularly important for constituencies such as mine in the north-west. Will he update the House on the Government’s progress in that respect?

[Mr Osborne]

I have seen at BAe Warton in my hon. Friend’s constituency a very good example of high-skilled manufacturing. Everything the Government do is designed to support a private sector recovery and to rebalance our economy, so that not all the growth that takes place does so in only one corner of the country.