Stephen Morgan debates involving HM Treasury during the 2019-2024 Parliament

Economic Growth

Stephen Morgan Excerpts
Tuesday 14th November 2023

(1 year, 1 month ago)

Commons Chamber
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Stephen Morgan Portrait Stephen Morgan (Portsmouth South) (Lab)
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It is a pleasure to speak in this debate on His Majesty’s first King’s Speech.

The Prime Minister was right to say in his response last week that the country needs change, but if the people of Portsmouth needed any more evidence that this change will not come through a fifth Tory term, this King’s Speech provided it. It contained more words than any since 2005, yet had the fewest Bills since 2014, and is a perfect symbol for the latest incarnation of Conservative Government that our country is having to endure. It is a party that governs with slogans rather than actions, and that promises to level up, to provide strong and stable Government, to grow our economy, and to cut NHS waiting lists, but the reality is that for more than a decade now the only thing that this Government have provided is an impeccable record of over-promising and under-delivering.

People in Portsmouth are facing serious challenges after a decade of Conservative Government and decline, with skyrocketing mortgages, rising rents, soaring bills, and taxes at their highest level for 70 years. It was sad but not surprising to see this week that the number of food bank parcels issued in Portsmouth by the Trussell Trust has risen by nearly 70% over the past year.

People are really struggling. This King’s Speech could have focused on tackling these huge problems, but instead there was nothing to help people with the cost of living crisis; nothing to tackle rising levels of shoplifting, which are now topping 1,000 incidents per day; nothing to finally stop the sewage pollution; nothing to ensure that every child succeeds and thrives; nothing to secure the investment that our community deserves; and nothing to address the fact that there is only one dentist and GP for every 2,300 people in Portsmouth. Those are the priorities of the people of Portsmouth, those are my priorities and those will be the priorities of the next Labour Government. Sadly, though, at the moment we have to live with a Prime Minister who has given up on governing, who is content to carry on with the failures of the past decade, and whose idea of change is bringing back a failed Prime Minister from a decade ago.

With so few Bills included in the King’s Speech, there is absolutely no excuse for some of its omissions. Much-needed Bills on mental health, for renters and to support victims have been dropped. The failure to ban so-called conversion therapy represents a complete betrayal of all LGBT+ people at risk of this abhorrent treatment. We should be clear: conversion practices are abuse and it is nothing short of disgraceful that they have not been outlawed yet.

Where this Government seek to sow division, Labour will unite the country, offering people hope around a mission to get Britain’s future back: by getting Britain building again to deliver transformational infrastructure and homes for millions; by switching on green energy to create jobs, cut bills and boost energy security; by getting the NHS back on its feet so that everyone can access a dentist and GP when they need it; by ending the Tory sewage scandal so that our waters can be clean again; by taking back our streets, with 13,000 more police officers tackling crime; and by breaking down barriers to opportunity so that young people’s futures are not defined by the circumstances they are born into.

The people of Portsmouth want new ideas and a plan to get our country’s future back and to bring about the change in my city and our country that is so desperately needed. This damp squib of a King’s Speech shows that that change will not come with the Tories. It is becoming ever clearer that the Tory party is out of energy, out of ideas and—hopefully, for all our sakes—soon to be out of Government.

Oral Answers to Questions

Stephen Morgan Excerpts
Tuesday 21st March 2023

(1 year, 9 months ago)

Commons Chamber
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Jeff Smith Portrait Jeff Smith (Manchester, Withington) (Lab)
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20. What fiscal steps he is taking with Cabinet colleagues to support the economy in reaching net-zero carbon emissions.

Stephen Morgan Portrait Stephen Morgan (Portsmouth South) (Lab)
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22. What fiscal steps he is taking with Cabinet colleagues to support the economy in reaching net-zero carbon emissions.

James Cartlidge Portrait The Exchequer Secretary to the Treasury (James Cartlidge)
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At the spending review 2021, we confirmed that since March 2021 the Government will have committed a total £30 billion of public investment for the green industrial revolution. Since then, the Government have made new announcements to provide long-term certainty on our investment plans, including £6 billion for energy efficiency from 2025 and up to £20 billion for carbon capture, usage and storage. The Government will set out further action shortly to support green industries in the UK and meet our net zero 2050 commitment.

--- Later in debate ---
James Cartlidge Portrait James Cartlidge
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I am grateful to the hon. Gentleman for raising the Inflation Reduction Act; I hope we all welcome what the United States is doing, because the climate is a global phenomenon and, if we are to make progress, we need the United States and other countries to do their bit. Let me be clear: we should be proud of our record to date and confident in our future, because we have huge competitive advantages on green industry. We have a brilliant record to date, we have the shallow North sea, where we have developed the biggest coastal array of offshore wind in the whole of Europe, we have a brilliant scientific base and, with the City of London and our financial institutions, we should be confident about our green future.

Stephen Morgan Portrait Stephen Morgan
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The Institute of Directors has warned that

“the UK will find itself left behind in the accelerating race to lead the green economy.”

After a lacklustre Budget, does the Minister agree?

James Cartlidge Portrait James Cartlidge
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To give just one example of why we should be confident, last year 40% of our electricity came from renewables. The figure in the United States was 20%. We have a very strong record, but we are going to keep building on it. That is why we announced the £20 billion for carbon capture and storage and why we announced Great British Nuclear, because we need that baseload power to go alongside renewables and give us energy security.

Oral Answers to Questions

Stephen Morgan Excerpts
Tuesday 7th December 2021

(3 years ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is absolutely right. This Government are committed to making sure that work always pays, and that is why universal credit is such an improvement on the previous system—an improvement that the Opposition did not support at all.

Stephen Morgan Portrait Stephen Morgan (Portsmouth South) (Lab)
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The Minister will be aware that Viktor Fedotov, the secret co-owner of Aquind, has been implicated in a £72 million fraud scheme linked to Putin’s Russia. Can the Minister say what due diligence has been done on the project company and its owners, and if he and ministerial colleagues will protect our national infrastructure from these alleged fraudsters by stopping the disastrous project once and for all?

John Glen Portrait John Glen
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The Government remain absolutely committed to protecting this country from illicit finance. We have been a leader in the global community, making this place the safest place to do business, and we will continue in that vein.

Covid-19 Support Schemes: Ineligible People

Stephen Morgan Excerpts
Wednesday 9th December 2020

(4 years ago)

Westminster Hall
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Westminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.

Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.

This information is provided by Parallel Parliament and does not comprise part of the offical record

Stephen Morgan Portrait Stephen Morgan (Portsmouth South) (Lab)
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It is pleasure to see you in the Chair, Ms Rees, and I am grateful to the hon. Member for Twickenham (Munira Wilson) for securing this debate.

I have repeatedly called on the Government to listen to the concerns of people who were not covered by the self-employment income support and job retention schemes. There has still been nothing beyond social security for those who have been excluded from support from the start, and many self-employed people remain cut out from social security support for measly reasons.

My postbag has been full of real-world examples caused by the Government’s callous neglect in recent months—from photographers to driving instructors, events organisers and wedding planners. My constituent Simone is a prime example of those who have been repeatedly allowed to fall through the net. She started out as a self-employed driving instructor very recently, so she does not qualify for the support scheme. She also cannot receive universal credit, as her partner is employed. Although she was able to start working again between the first and second lockdown, the latest restrictions mean that she finds herself unable to earn and without the ability to access support.

The Chancellor said he would do “whatever it takes” to support people and businesses through the economic impact of the pandemic, but millions across the country, including many in my constituency, know that he has not delivered on that promise. That has left those affected in Portsmouth feeling like “collateral damage”, as my constituent described it, abandoned by the Government in the face of unprecedented uncertainty. That is also economic illiteracy.

We are all asking the same question: when will the Government finally support my constituents and those across the country who have been allowed to slip through the safety net for far too long?