LIBOR (FSA Investigation)

Baroness Coffey Excerpts

Thursday 28th June 2012 Commons Chamber

[Mr Osborne]

First, the Opposition voted against the creation of the tripartite regime. Secondly, I remember the joyous occasion, when I was shadow Chancellor, at Mansion House in 2007 of all years, when the former Prime Minister, the right hon. Member for Kirkcaldy and Cowdenbeath (Mr Brown), told us about the

“new golden age for the City”,

and the right hon. Member for Morley and Outwood (Ed Balls) praised the virtues of the light-touch regulatory regime of which he claimed sole authorship, although these days, funnily enough, he does not talk about that very much.

[Dr Thérèse Coffey (Suffolk Coastal) (Con)]

Does my right hon. Friend agree that, as the report by the Economic Affairs Committee showed, under Labour’s failed system, it was unclear who was in charge of regulating the banks? Is it fair to say that, sadly, Labour just dropped the ball on this one?

[Mr Osborne]

It is true that the tripartite regulatory system—and one of the three parts was the Government of the day—failed. That is self-evident, which is why we are making these changes. It is disappointing that they do not command the full support of the Opposition Front Bench, but perhaps the hon. Member for Nottingham East (Chris Leslie), on his 40th birthday, will reconsider his position now that he has reached a new age of maturity.

Green Economy

Baroness Coffey Excerpts

Thursday 28th June 2012 Commons Chamber

[Dr Thérèse Coffey (Suffolk Coastal) (Con)]

I congratulate my hon. Friend the Member for South Thanet (Laura Sandys) who crafted such a genius motion, covering so many strands and industries and laying open the field for us to speak on a number of topics. I have been beaten by my hon. Friend the Member for Waveney (Peter Aldous), however, who has already given a full and comprehensive speech on the merits of Suffolk, supported by my hon. Friend the Member for Central Suffolk and North Ipswich (Dr Poulter).

I said in my maiden speech that I hoped our coast, the Suffolk coastal area combined with the coast around Lowestoft in the constituency of my hon. Friend the Member for Waveney and round into Yarmouth, would be known as the green coast, and I am delighted to say that our county councils, working with the local enterprise partnership, as has already been mentioned, are doing their bit to try and make sure that that vision becomes a reality. That was further enhanced when an enterprise zone was granted in a neighbour’s constituency and has been designated one of the centres for offshore renewable engineering.

I am delighted to say that the Suffolk-Norfolk rivalries are not quite as strong as they once were: we now reach across the border and our county councils, our LEP and, I understand, Essex county council work together to make sure that we have an energy skills strategy that reaches right across our area. That was evidenced by the decision to allow Norfolk university technical college to be based in Norwich, the city represented by my hon. Friend the Economic Secretary. That is a great opportunity and I am delighted to say that Suffolk and Norfolk are getting a grip on it.

With regard to the fiscal and regulatory framework, I was not surprised by the speech made by my right hon. Friend the Member for Hitchin and Harpenden (Mr Lilley), because I know that he holds strong views on these matters. I understand perfectly why he feels that energy costs are unnecessarily high: he blames the subsidy and thinks it is a problem for other industries. I take a very different view: that if we are to encourage self-reliance in energy, we have to invest in our energy infrastructure. It is not about subsidy; it is about an incentive to attract investors from around the world, and nowhere more so than at Sizewell C. I have seen the strong commitment of EDF and British Gas to continuing their planning application work not only at Hinkley Point, but at Sizewell C. Frankly, all the talk about subsidy is nonsense. It is an incentive to have green energy infrastructure on which we can all rely.

I hope that we in Suffolk Coastal will be vying with my hon. Friend and neighbour across the river with the coming online of the Greater Gabbard, Galloper, and East Anglia wind farms and so on, as many of those come onshore in my constituency. That does not mean pylons in my constituency, although sadly it does in one nearby. We are seeing for ourselves the future of green energy, and we are proud to be part of it.

I say to the Minister—she has heard me talk about this before—that it would be lovely if the contribution those communities are making to green growth was reflected in the allocations from the coastal communities fund. They deserve the lion’s share of that money. Frankly, I feel that we should get our share of the revenue that the Crown Estate secures from offshore wind farms and other such activities. [Interruption.] I am delighted that my hon. Friend the Member for South Thanet seemed to say, “Hear, hear” to that.

On other routes to market, I think it is telling that one aspect of green growth is trying to reduce the amount of energy we need for anything. I am delighted that the Government have put in place the money for rural broadband roll-out. I hope that the director general for competition in the European Commission does not put a spanner in the works by trying to prevent that money—our money—being used to ensure that we get broadband throughout the country. The other investment that my right hon. Friends in the Government are making, of course, is the investment in rail. I am sure that the Minister will not mind if I plug the future launch, which we hope will be very soon, of our prospectus for increased investment in rail, because we believe that it will generate a huge economic return for our region and the country.

I will mention briefly the contribution from my hon. Friend the Member for Selby and Ainsty (Nigel Adams). I have a lot of sympathy with his dedication to biomass. We have an anaerobic digestion plant at Adnams near Southwold and more are planned, but there is concern in East Anglia that biomass plants will be powered by straw that is sourced locally, because that would increase the price of straw for farmers elsewhere. With increasing welfare standards, which we all welcome, agricultural production will require more straw, which will start to become a scarce commodity. I have raised the issue with hon. Friends elsewhere—indeed, I am meeting the Minister to discuss the point—because we need to bear in mind the risk of distorting practices elsewhere through incentives on one side.

Finally, I will turn to the planning debate. There is no question but that I prefer offshore turbines to onshore ones, even though they are more expensive—the cost is coming down, as has been mentioned—especially as half my constituency is in an area of outstanding natural beauty. A very unpopular planning application was granted only the other day in Levington, which is in an AONB, and I was rather shocked and surprised that the four councillors outvoted three and the one who abstained. It was a great shame, because one of the things we need to do is get our communities behind the energy revolution and to share in it. Elsewhere in the constituency, communities have come together in wanting a turbine, so that they can use the proceeds from it. We need to develop an element of consensus on wind farms, because once they are in place, as my hon. Friend the Member for Waveney will know with the Kessingland turbines, there are still issues for residents that need to be solved.

I shall use part of my contribution to this debate to call on my local district councils and indeed councils throughout the country to take advantage of the recent Department for Communities and Local Government guidance on including a supplementary planning document specifically on renewable energy. Instead of councillors being beset by every single application and the Planning Inspectorate overturning decisions, I would like to see local councils develop their activities in a planned and structured way and be part of the process of making sure that the future is as green as the luscious fields that we have enjoyed since all this rain fell.

The future is green. One of our party’s slogans was “Vote Blue, Go Green” and I would like to think that under this coalition Government, we are doing more than ever to promote the green economy.

Static Caravans (VAT)

Baroness Coffey Excerpts

Thursday 26th April 2012 Commons Chamber

[Mr Stuart]

According to the National Caravan Council, if we take Her Majesty’s Revenue and Customs forecast of a 30% reduction in demand, home production will reduce to 10,689 units—the lowest production level on record—with inevitable consequences for manufacturers, suppliers and parks.

[Dr Thérèse Coffey (Suffolk Coastal) (Con)]

I suggest that there has been a misunderstanding in the Treasury about the proportion of people who own such homes and stay in them for long periods at a time as against regular weekly letting. Does my hon. Friend know that if people stay in a hotel for more than 28 days, VAT does not have to be paid? Some parallels could be drawn.

[Mr Stuart]

My hon. Friend is right. I am not sure that I am ever going to get on to the issue of the non-anomaly that this measure is tackling. We are fortunate that Roger Tym & Partners produced a report on the economic impact of UK holiday parks in January this year, showing that 85% of static units are privately owned and that the remaining 15% are rented out as part of a park’s letting fleet. The market that will be most hit is the one that drives profits on these parks and drives investment. I do not think that the Treasury factored that into its calculations properly.

Oral Answers to Questions

Baroness Coffey Excerpts

Tuesday 24th April 2012 Commons Chamber

[Danny Alexander]

The eight core cities are a well-established group that have a proven role in driving economic growth in England. As I said, the main tax increment financing scheme will be available to all local authorities in England, including that of the hon. Gentleman, from 2013. We will set out the details of that shortly as part of the business rates retention scheme. Other pools of funding, such as the Growing Places fund, may be able to help with the scheme that he mentioned. The local enterprise partnership allocates those funds.

[Dr Thérèse Coffey (Suffolk Coastal) (Con)]

I thank my right hon. Friend for that answer. If the city pilots are successful, will he consider extending this method of financing to all county authorities?

[Danny Alexander]

Tax increment financing has great potential in helping local areas to develop infrastructure projects and supporting economic growth across the country. As I said to the hon. Member for Coventry South (Mr Cunningham), the main tax increment financing scheme will be available to all local authorities in England from April 2013. That will apply to the kind of local authorities that my hon. Friend described.

IMF

Baroness Coffey Excerpts

Monday 23rd April 2012 Commons Chamber

[Mr Osborne]

I thank my hon. Friend for his support. He is absolutely right, and while I was sitting in the IMF meeting on Friday and on Saturday morning, my mind wandered to thinking about what would have happened if I had turned up and said that we were abandoning our fiscal consolidation plan. I came to the conclusion that we would have been the subject of the meeting’s discussion rather than the problems in the eurozone.

[Dr Thérèse Coffey (Suffolk Coastal) (Con)]

Will my right hon. Friend confirm that not a single penny is being added to either our national debt or our deficit as a result of this action?

[Mr Osborne]

Yes, I can confirm for my hon. Friend’s constituents in Suffolk and for people around the country that an IMF loan does not add to the debt or the deficit. We have to ask ourselves why, when people analyse the British economy, they do not add an IMF loan to the debt or deficit. It is because they understand that it is a loan that is paid back with interest and an asset that is exchanged for some of our foreign exchange reserves, not a call on public spending.

Amendment of the Law

Baroness Coffey Excerpts

Monday 26th March 2012 Commons Chamber

[The Chief Secretary to the Treasury (Danny Alexander)]

This has been a fascinating debate and some excellent contributions have been made by Members from both sides. I refer, in particular, to the right hon. Member for Edinburgh South West (Mr Darling), the former Chancellor of the Exchequer, who made a typically thoughtful contribution, and to my right hon. Friend the Member for Bath (Mr Foster), who, along with a number of other Members, including the hon. Member for Birmingham, Northfield (Richard Burden), warmly welcomed the package of measures for the creative industries in this Budget. Indeed, a number of other Labour Members welcomed that point, too. The hon. Member for Blyth Valley (Mr Campbell) referred to, among other things, broadband funding in his constituency, which he welcomes. My hon. Friend the Member for Brentford and Isleworth (Mary Macleod) rightly made the point that we should be highlighting the positive news for business in this country, and she highlighted some of the positive news in her constituency.

[Dr Thérèse Coffey (Suffolk Coastal) (Con)]

Will my right hon. Friend confirm what corporation tax rate companies will be paying in this country? Will it be the lowest in the G20?

[Danny Alexander]

I can certainly confirm that, as a result of the measures in this Budget and the measures that we announced in earlier Budgets, we will have not only the lowest corporation tax rate in the G7, but one of the lowest rates of tax in the G20. That will make a fundamental difference to this country’s attractiveness to investment from overseas.

Budget Resolutions and Economic Situation

Baroness Coffey Excerpts

Friday 23rd March 2012 Commons Chamber

[Gregg McClymont]

Thank you, Madam Deputy Speaker. Hon. Gentlemen on the Conservative Benches are becoming rather vexed, and one does not have to wonder why, given the message that they are sending out to the electorate with this tax cut, which will cost more than £3 billion at a time, as the Government emphasise, of austerity.

The hon. Member for Watford (Richard Harrington) suggests that empirical evidence shows that the 50p tax does not raise any money, but there is no empirical evidence in the document presented by the Government. There is a series of estimates, based on a view of behavioural change, itself based on a view of human behaviour, which one would have thought would have at least been challenged by the financial crisis and all that it brought.

This Government are taking a gamble that the £3 billion that they would have had in the bank—in their coffers—will be almost cancelled out by millionaires from Monte Carlo and Caribbean boltholes rushing back to show their patriotism to this country by paying a slightly lower rate of tax. Those are not my words, but the words of the Business Secretary in a previous incarnation. This tax cut for millionaires is the wrong priority for this country at this time.

We have a crisis of employment—a crisis of youth unemployment, with 1 million in the UK and one in four in Scotland now unemployed. What we need are measures to get young people back into work, but how long are they meant to wait, to take the argument of Government Members? A national insurance holiday for small and medium-sized enterprises—that is what we need. A bank bonus tax to create 150,000 jobs for young people—that is what we need. A temporary VAT cut to stimulate the economy and help out hard-pressed motorists—that is what we need. And a VAT cut for home repairs and maintenance to stimulate that important sector of the economy—that is what we need.

Then we have the granny tax. Under the guise of simplification the Government have brought in a stealth tax on more than 4 million pensioners. Some 700,000 people turning 65 years old will lose more than £300 per year—[Interruption.] Someone shouts, “No one will pay more,” and there is a debate to be had about sharing burdens.

[Dr Thérèse Coffey]

Will the hon. Gentleman give way?

[Gregg McClymont]

I am afraid that I have no more time to do so.

There is a debate to be had about sharing burdens across the generations, but to begin it with a stealth tax described as a “simplification” is surely not the way to encourage a healthy, long-term debate about that kind of distribution.

I finish on this point: wrong priorities, wrong values, wrong Government.

--- Later in debate ---

[Roberta Blackman-Woods]

Alas, I do not have a cable car, but that is a great idea for a new business in my constituency, although where it would take people from and to, I am not exactly sure.

There is no support for transport, despite the fact that business leaders in the north-east have expressed concern that a failure to invest in the region’s transport network could stifle long-term growth. They have made a point that without the right transport and energy supply infrastructure, the region could struggle to realise its full potential. I hope the Minister will take on board these matters in her comments.

What do we know from the analysis of the Budget so far? I have with me an extract from the Financial Times, which concludes that that it is a Budget “without economic significance”. It also says that the Government have absolutely no plans in place to change the unhappy outcome of the slump, and that includes, critically, no plans for the north-east of England. What we do know is that the unemployment figures for the north-east are much higher than those for the south-east: 10.6% in the north-east, compared with 6.6% in the south-east. IPPR North has said that it is the largest gap since the labour force survey began. One might have expected the Red Book reforms to prioritise the north-east in support of economic growth, but in fact there is only one mention of the north-east in its many pages dealing with growth, compared with seven mentions for London. I want to see economic growth in London. It is our capital city and it is important that it is supported. However, that does not excuse giving no attention to the north-east apart from one mention of Newcastle. County Durham is not mentioned at all.

[Dr Thérèse Coffey]

Does the hon. Lady accept that from the growing places fund, the north-east has been allocated more than £10 million, which is far more than is going into my region?

[Roberta Blackman-Woods]

I will deal shortly with some of the measures that have been made available for the north-east.

Many measures in the Budget will have a negative impact on people’s income, including that of 8,000 families in County Durham, who will lose out from the changes in tax credits. There is no action to tackle youth unemployment, despite the fact that it is much higher by several percentage points in the north-east than elsewhere in the country. The Government should have set out a coherent strategy in the Budget to get the north-east economy back on track. Instead we have a measure to reduce regional pay, taking £78 million out of the north-east’s economy. There is no evidence to support the contention that the current position inflates public sector salaries or acts as a disincentive to the private sector.

Business leaders have been calling for some sort of holistic strategy, which we simply do not have. I say to the hon. Member for Suffolk Coastal (Dr Coffey) that there have been several small measures, but they are outside any coherent framework. Seventy-three per cent. of successful bids from the first two rounds of the regional growth fund, including 40% from the first round, have not yet been signed off. They are therefore not delivering anything for the north-east, and £14.25 million of the regional growth fund supports only 91 jobs. I emphasise to the hon. Lady and her colleagues that that is a drop in the ocean compared with what is needed.

We also have enterprise zones and local enterprise partnerships. In doing research for my speech today, I had to try to determine what was happening through two enterprise zones, two LEPs, two regional growth fund allocations, the business enterprise network in the north-east and the chamber of commerce. It is difficult to get a flavour of what is happening in the region, in great contrast with the position under the regional development agency, when it was easy to monitor the impact of what was happening with investment and jobs in the north-east. It is now extremely difficult to get that information.

Without a coherent framework and an overall strategy, the economy of the region is simply not growing and not enough investment is going into key sectors for economic growth, including those that had been identified under the RDA. It is not only me making that point; our business leaders say that, of all the policies the Chancellor could have introduced in the Budget that would have had an impact on the north-east, measures on investment allowance and employment taxes would have been the most important. They say also that, although the target to double UK exports is commendable, there is absolutely no detail on how it will be achieved. Rather, Government Members have today given us a complete fantasy land, where they somehow think that the measures in the Budget are going to deliver growth for the north-east. But there is simply no plan.

We want instead to see measures to create jobs for young people, a tax on bankers’ bonuses which would create 5,500 jobs for 16 to 24-year-olds in the north-east and a temporary reversal of the Government’s VAT increase which would put £450 back into family budgets. Labour would give 58,000 small businesses in the region a tax break if they took on extra workers. That is the challenge I throw down to the Government today.

--- Later in debate ---

[Sarah Newton]

I definitely agree that the framework is a big step forward, and protecting our precious marine environment, which supports the whole fishing industry and ecosystem of parts of the UK, is important, but we need to balance that with our economic growth, stability and jobs, which is really important too.

The Budget reports on the review that was set in train in the autumn statement in order to analyse the implementation in the UK of the EU habitats directive, to which I think my hon. Friend was referring, and which can create so many problems for our port operators. In reading through that review, I think there is a great deal to be welcomed. It has engaged with a range of stakeholders, all of whom acknowledged that the implementation of the habitats directive caused considerable problems for our ports operators, and many positive measures have been put in place in terms of collecting data.

Many disputes about planning applications arise because there are no accurate data, and a lot of work is going to be put into that area, and into ensuring that the various regulatory bodies—ultimately, the Marine Management Organisation will make the licensing decisions for our ports, but many are involved—engage earlier and more constructively with ports operators, which should make them more confident that proposals for development can go forward.

[Dr Thérèse Coffey]

My hon. Friend and I have made common cause in trying to help those matters along, as we share similar issues. I understand that she welcomes much that was in the review, but does she share my concern that it missed the opportunity to look at certain regulations and determine whether we should have them at all? Indeed, the review’s terms of reference included looking through that and making appropriate representations to the Commission.

[Sarah Newton]

My hon. Friend makes a good point. I think that the review is a work in progress. The review team did not have much time, but I think they managed to cover a lot of ground. Certainly, if we look at the terms of reference the Chancellor gave them, we will see that there are things that subsequently have been passed over to the Law Commission for its consideration. I was somewhat perturbed to read in a footnote in the review document that the Government would consider the Law Commission’s recommendations “in due course”. I would like reassurance from the Chancellor that he will ensure, through the all-departmental working group he set up, that regulations are not standing in the way of economic growth and development of our ports, that this “in due course” is acted on speedily, because in due course without reform we will not have the ports to enable us to import our energy or the food and other vital materials we need. I would like to see that “in due course” in the footnote turned into something a little more urgent.

I think that eventually representations will have to be made at an EU level. Interestingly, the review showed that other European countries with ports have had experiences similar to ours when interpreting and implementing the habitats review. I am sure that all Members with ports in their constituencies or an interest in ensuring that Britain returns to being the great trading nation it always has been will want to watch these things and help the Government constructively to tackle these issues.

With regard to other vital infrastructure, a number of colleagues, including my hon. Friends the Members for Bedford (Richard Fuller) and for Camborne and Redruth (George Eustice), mentioned that for those of us living in the more remote parts of the UK a lot of transport is by road, so fuel prices and levies on fuel are of great significance to us. All the goods and services and the great things that are manufactured in Cornwall need to be able to get to market in the rest of the country. Although I was disappointed that fuel levies will go up in August by 3p, I understand why, given the huge mess that the Government are trying to sort out and the economic legacy they were left. That is something we have to bear.

One thing I would like the Minister to consider is a recent precedent. We have heard from colleagues today about the extent to which we believe fuel companies are profiteering from customers in our parts of the world, where the price at the pump is 3p, 4p, or 5p more than it is in other parts of the country. The Office of Fair Trading has the task of looking at whether there is a proper competitive market working in the region. The Department for Energy and Climate Change recently referred the fuel oil market to the OFT, because the winter before last many of us experienced the most appalling hikes in the price of fuel oil, which many people in remote, rural areas use to heat their homes. After the referral to the OFT, some very good work it did and the implementation of measures, we saw no repeat of such hikes last winter. With that recent precedent in mind, I think that the OFT could play a useful role in ensuring that our regional fuel markets are working efficiently. Based on that, hopefully we could see real pressure to reduce the profiteering that I believe is going on at the pump so that people in constituencies further away from the south-east of England will not feel the full impact of the 3p rise.

I welcome the measures in the Budget to support infrastructure. The investment in rail will affect not only HS2 but places such as Cornwall, and the connectedness of the remoter regions of the UK is vital to our economic future. I very much support and commend the Government’s single-minded focus on making sure that we have an infrastructure that is fit to get Britain working and Britain back to work.

Rural Bank Closures

Baroness Coffey Excerpts

Tuesday 21st February 2012 Westminster Hall

[Glyn Davies]

That is right. As we reduce spending power, every service goes. Each one affects the others.

[Dr Thérèse Coffey (Suffolk Coastal) (Con)]

I just want to highlight what has happened in Aldeburgh, where HSBC pulled out—its only communication with the wider community was a poster in the window. Retailers responded by offering cashback. Does my hon. Friend agree that the subject in question is a very suitable one for the Office of Fair Trading to look into? After its study of oil supplies it is examining other issues affecting rural communities; access to financial services could be its next topic.

[Glyn Davies]

I thank my hon. Friend for that sensible suggestion. There have, indeed, been other suggestions from hon. Members, including one about a summit, which also seems sensible to me. I am sure that more will be made, and I look forward to the Ministers’s response to the debate, to find out where the Government are going with the issue. There is a responsibility on the Government to serve everyone in this country. They have, rightly, worked closely with business and banks to ensure that money is available to business, for the creation of employment. That is currently a huge Government policy issue.

Access to services for our rural areas is also a huge issue. It is not a new issue; it has been there all of my life. The coalition Government have taken a serious and responsible approach to post offices. We need the same discussion and pressure on our banks. If a summit is the answer, that is the way we should go.

The responsibility rests with the banks. The current view of banks is very much influenced by the debate about bonuses and very high salaries. There is a view among the poorest in our society that there is a lot of money available in banks—I know that that is not necessarily the case—so that when they see their banks being closed or their banking hours being reduced for a relatively small saving, as is happening in Llanidloes and Montgomery, they cannot understand it. The banks are disengaged from a major section of the community. The Government must ensure that the banks understand that they have a responsibility not just to the bottom line but to deliver services.

Public Service Pensions

Baroness Coffey Excerpts

Tuesday 20th December 2011 Commons Chamber

[Danny Alexander]

Opposition Members seem to be making increasingly desperate attempts to find new ways of saying that they do not agree with what we have offered. It would be simpler for them to say that they welcome the agreements that we have reached in many areas.

I said in my statement, but will happily repeat for the hon. Lady’s benefit, that the contribution made to the country by public service workers such as teachers, civil servants, nurses, local government workers, firefighters and prison officers is enormously important. That is why one of the Government’s objectives has been to ensure that they continue to receive better pension provision than any other work force in the country, which is absolutely right. I hope that, on reflection, she will choose to welcome that.

[Dr Thérèse Coffey (Suffolk Coastal) (Con)]

Does my right hon. Friend agree that following these reforms, lower-paid nurses, teachers and civil servants will no longer subsidise the pensions of chief executives, permanent secretaries and the like?

[Danny Alexander]

I entirely agree. That is one of the abiding reasons why both the hon. Lady’s party and mine have sought to reform public service pensions for many years. As a result of the inequities in the current system, the contributions of hard-pressed low-income workers subsidise the pensions of the wealthiest public service workers. The new deals will mean that that will no longer happen.

The Economy

Baroness Coffey Excerpts

Tuesday 6th December 2011 Commons Chamber

[Mr Speaker]

I am grateful to the right hon. Gentleman. The allocation of time for parliamentary debates is not a matter for the Chair, but the right hon. Gentleman has recorded his view, as has the Deputy Chief Whip.

[Dr Thérèse Coffey (Suffolk Coastal) (Con)]

Further to that point of order, Mr Speaker. I seek your advice. Is it fair to say that anyone who has spoken in the debate and then voted against the motion is actually misleading the House by saying that it has not considered the motion?

[Mr Speaker]

The very simple answer to the hon. Lady is that the House has not been misled in any way. Nothing disorderly—[Interruption.] Order. I have just made the point, which brooks no contradiction, that the House has not been misled in any way. Nothing disorderly has taken place. The vote is what the vote is; it is not for me to interpret. Other hon. and right hon. Members and people outside the House are free to do so as they wish.