Pension Investments

Lord Watson of Wyre Forest Excerpts
Tuesday 23rd January 2024

(3 months ago)

Lords Chamber
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Baroness Vere of Norbiton Portrait Baroness Vere of Norbiton (Con)
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My noble friend makes the very important point that investment is always about diversification. We need a wide range of projects and vehicles to encourage the UK economy, and some of those may indeed be of the sort he refers to.

Lord Watson of Wyre Forest Portrait Lord Watson of Wyre Forest (Lab)
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My Lords, does the Minister believe that consolidating pension funds will lead to an increase or a reduction in the fees paid by pension savers?

Lotteries Regulation

Lord Watson of Wyre Forest Excerpts
Tuesday 16th July 2019

(4 years, 9 months ago)

Commons Chamber
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Lord Watson of Wyre Forest Portrait Tom Watson (West Bromwich East) (Lab)
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I thank the Minister for her statement. I appreciate the prudent approach that she has taken to the issue. As she knows, I wrote to the previous Secretary of State last summer to raise my concern that society lotteries had been waiting for six years for the result of a review into their regulation. More than a year on, it is now a full seven years that the sector has been waiting for an answer from the Government. The delay in making that decision has left society lotteries facing an increasing uncertainty, unable to make substantial plans for the future.

Society lotteries achieve a lot of good for our country, as does the national lottery. They raise hundreds of millions of pounds a year for good causes, funding charities as varied as Barnardo’s, the Stroke Association, Friends of the Earth and Battersea Dogs and Cats Home, as well as many others. Major benefits of society lotteries include their flexibility and predictability, which charities tell me is exceptionally useful because it allows them to prioritise funds where they will have most impact.

The Minister is right that transparency must be paramount, and we agree with her about the importance of openness on what the costs of this fundraising process are and where the money goes. People who take part in the lotteries need to know that they are not just taking a punt but getting value for money.

I understand the feeling that sometimes there is a conflict of interest between society lotteries and the national lottery, and I agree with the Government’s stated aim to

“achieve a balance between enabling the sustainable growth of society lotteries on the one hand while also protecting the unique position of the UK-wide National Lottery”.

The Minister mentioned Mystic Meg. If she was Mystic Mims, what would she say the impact of the changes will be on the fundraising for good causes that the national lottery provides to the arts, culture, heritage and sport? When will the new regulations come into force?

The second issue is the age limit on national lottery products. There are 450,000 children gambling every week in our country; the number has quadrupled in recent years. For many young people, scratchcards are a gateway to gambling from the age of 16. We do not think that is right, particularly when we are struggling with an epidemic of gambling addiction across the country. Gambling is fun, but it can also be dangerous when it is poorly regulated or gets out of control for an individual. In my view, and in that of the Labour party, there is absolutely no need for a consultation on this issue.

The Minister’s predecessor, the hon. Member for Chatham and Aylesford (Tracey Crouch), announced last year that she would gather evidence on the topic. It is our strong view—I am sure Members across the House will agree—that we already have all the evidence we need. Those who gamble should be adults, so the minimum age for all gambling products should be 18. It is as simple as that.

Mims Davies Portrait Mims Davies
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I thank the hon. Gentleman for his welcome. I believe that this is a prudent approach. I have been very mindful that, as the Secretary of State and I as well as many other Members have found, people are fed up with waiting and want to know what the lottery landscape looks like. As Mystic Mims, I would say that this sets the landscape appropriately for protecting the national lottery and all the good that it does: it keeps the £1 million prize and the jackpot for the national lottery, but allows society lotteries that support causes such as our air ambulances, which are bumping along at the top of the headroom of the money they are able give to local causes, to be able to raise more money and support our local communities. That is the right approach.

On the minimum age issue, the hon. Gentleman will know that I cannot say any more ahead of the consultation. I seek the views of those in this Chamber and across the sector. The current licence period has seen a range of technological developments, which have changed the way that we play the national lottery, and it has also seen gambling behaviours change. We are therefore right to consider how the licence might look. It is right to consider whether it is appropriate to sell all national lottery games to those under 18 as part of future proofing it for the duration of the next licence.

On the timetable, I hope that we would lay the changes in autumn in order to see a move in 2020.

Discrimination in Football

Lord Watson of Wyre Forest Excerpts
Thursday 11th April 2019

(5 years ago)

Commons Chamber
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Lord Watson of Wyre Forest Portrait Tom Watson (West Bromwich East) (Lab)
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Although we are only halfway through proceedings, Mr Speaker, it is a pleasure to see you remaining jolly and calm.

I commend the Minister for making this particular statement, and I thank her for advance sight of it. I am sure that I speak for those on both sides of the House when I say that we appreciate her personal commitment to tackling discrimination in sport in all its forms. I agree that the vast majority of football fans see racism, homophobia, sectarianism and bigotry as the ugly side of the beautiful game. But hardly a week goes by without an example of discrimination.

We were all shocked by the blatant racism during the game against Montenegro last month. Hearing Danny Rose say after that match that he cannot wait to see the back of football because of racism is deeply depressing, but sadly not surprising. When young players face abuse time and again, who can blame them for wanting to walk away? The bravery shown by those players is commendable, but they should not have to be brave when they are only trying to do their jobs. I agree with the Minister when she says that players should never be punished for walking off a pitch after receiving racist abuse, and I was disappointed to hear that the Wythenshawe Town manager, James Kinsey, has been sanctioned for taking his team off the pitch after alleged racism from a linesman.

I have some suggestions for the Minister to help to battle bigotry as soon as it rears its head. First, stewards can work more closely with police to identify offenders, intervene early and gather good evidence to facilitate arrests and charges. The Ministry of Justice could encourage the Crown Prosecution Service to give football hate speech a higher priority and impose harsher sentences. The Government could increase support for education programmes, such as those run by Show Racism the Red Card and Kick It Out, both of which have seen cuts as a result of central Government cuts to local government. Let us also be aware that the far right is attempting to infiltrate football again through groups such as the Football Lads Alliance, which marched in London only a few weeks ago, when some of their members were seen giving Nazi salutes.

We should also be aware that the problem is not only on the pitch and in the stands but online and in the media. The Minister mentioned Crystal Palace’s Wilfried Zaha, who retweeted some of the horrendous racism he receives. Given that so much of the racist abuse directed at players is online, will the Minister explicitly include hate crimes aimed at sporting figures in the online harms consultation?

Raheem Sterling, in my view a hero, has called out the ways in which media portrayals fuel racism, in particular the disparaging way in which a young black player was treated for buying a house for his mum compared with a white player doing the same. Does the Minister agree that there is a problem and that some news outlets need to be more responsible?

It is not just racism. Other types of bigotry, such as homophobia and sectarianism, plague the game. The Scottish Parliament has united in committing £14 million since 2012 to tackle sectarianism on the terraces. Can the Minister match that for English football? Campaigns such as Football v Homophobia are doing great work, but six out of 10 LGBT supporters say they have witnessed homophobic abuse.

The Minister is right that the vast majority of fans abhor discrimination of any kind. A small number of thugs who propagate that vile bigotry ruin football for the players and millions of fans who love the game. We do not always agree on things across the House, but we are in absolute unity on this. Discrimination of any kind has no place in football. I and my team will do everything we can to work with her and her team to drive it out.

Mims Davies Portrait Mims Davies
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I thank the hon. Gentleman for his tone and collegiate approach on this issue. It is right that we stand and work together on the issue of intolerance, whether it happens in sport or our communities. Football cannot and should not be used as a cloak for racism and intolerance, and it is sad that players have decided to walk off the pitch because they have simply had enough. I applaud them. They reserve the right to stay on the pitch and do their job, and enjoy the game, and they reserve the right to walk off and do what they feel is right. We should be willing to tackle the ugly side, as the hon. Gentleman describes it, of the beautiful game.

Members on both sides of the House will have heard the reaction from Danny Rose, which was heartbreaking. We need to support the bravery of players to do their jobs and to speak out in this day and age, but they should not feel they have to do that. It is right that players should take action and we are working with the police to make sure that we support them. The UK Football Policing Unit, alongside the Home Office, will continue to work on concerns about hate crime, football and the rise of the far right coming together to spread intolerance and fear in our communities. It is right that we use the Online Harms White Paper in this, and the Secretary of State has just said that harassment will be included. It is right that sports stars and others on the frontline can be supported through this process.

Let us stop this. Let us stand up to it. Everybody needs to be on the right side of this and call it out. Let us support Show Racism the Red Card and Kick It Out. People should use the app and report to their clubs. People in the stands know who these people are, and we need to make sure they do not do it in our name, the name of our club or the name of football.

Holocaust (Return of Cultural Objects) (Amendment) Bill

Lord Watson of Wyre Forest Excerpts
Lord Watson of Wyre Forest Portrait Tom Watson (West Bromwich East) (Lab)
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I thank the right hon. Member for Chipping Barnet (Theresa Villiers) for bringing this important Bill to the House today. I am glad to say that it has the support of both the Government and the Opposition. She spoke with her customary dignity and authority on an issue on which she has not only served her constituents well but served the British Jewish community well—and, indeed, the Jewish community throughout the world. That is perhaps why the Bill has enjoyed so much support across the House today. I was particularly impressed with the speech by the hon. Member for Torbay (Kevin Foster) and his allusion to the idea of the Nazi Kulturkampf, because we know that if we eradicate culture, we are halfway towards eradicating humanity.

Devon has been well represented in the Chamber today. The hon. Member for North Devon (Peter Heaton-Jones) spoke movingly of his parents and of his grandparents who served their country with great valour. I am sure that they would have been proud of his speech. I could not help but be moved by the short contribution by my hon. Friend the Member for Plymouth, Sutton and Devonport (Luke Pollard), who found out last year that he was actually Jewish. He is part of a richer cultural heritage for that, and he should be very proud that he has that heritage in his family.

I was also moved, as ever, by the contribution by my hon. Friend—my very old friend—the Member for Ealing North (Stephen Pound), who spoke very movingly about the power of physical objects and paid tribute to the work done on this Bill by Andrew Dismore, the former Member of Parliament for Hendon and current London Assembly Member for Barnet and Camden.

As a former Friday Whip, I remember him well. Once, after he had spoken for three hours, he said, “Mr Speaker, as I begin to conclude,” and everyone cheered. But then he added, “my opening remarks,” and everyone let out a breath of dismay. He was a great Friday Chamber Member.

However, Andrew Dismore also worked tirelessly to get the Act through the House back in 2009—even rolling out his sleeping bag and sleeping on the floor of the Public Bill Office overnight to make sure he had a high enough slot to get it heard, and how proud we are of him for doing that. He was the driving force behind Holocaust Memorial Day, introducing the private Member’s Bill that established it in 2001. He was always, and has always been, outspoken against antisemitism and helped to highlight the work of the great Holocaust Memorial Day Trust. Let me use this opportunity to also praise the work of the Holocaust Educational Trust—an institution dear to my heart and, I am sure, to all of us in the Chamber—which is ably led by the wonderful Karen Pollock.

The holocaust was one of the worst events in human history. I do not need to rehearse the facts about the millions of lives extinguished and the millions more changed forever. The horror of the Shoah will never be forgotten, and we must pay thanks to the important work of all the organisations that make sure the world will never forget.

The Bill addresses a very important subject: the return of cultural objects looted by the Nazis. During the Nazi reign of terror, millions of precious cultural objects were stolen from the Jewish community. Some have been recovered, but many thousands remain missing. As the hon. Member for Erewash (Maggie Throup) so ably noted, around 100,000 objects stolen by the Nazis are still missing today. It is estimated that 20% of Europe’s cultural treasures were lost during world war two.

Nothing can undo the horror of that period, but we should do everything we can now to reunite cultural objects that surface with their rightful owners. More than 70 years on from world war two, there are still families who have not been reunited with heirlooms that rightly belong to them. As many survivors of the holocaust are passing away, it is vital that their descendants have confidence that this Parliament and this Government are committed to ensuring that they get back what is rightfully theirs, and I hope this debate will assure them that we are.

The Bill repeals the sunset clause in the Act brought in by the Labour Government in 2009, which gives our national museums and galleries the power to return these special cultural objects on the recommendation of the Spoliation Advisory Panel. Since the panel was established in 2000, 23 cultural objects taken by the Nazis have been returned to their rightful owners, and we must ensure that the panel can continue its vital work. Some of those treasures have been referred to already. The right hon. Lady mentioned the John Constable painting that was stolen by the Nazis after the invasion of Budapest, which was returned by the Tate in 2015. The 800-year-old manuscript the Beneventan Missal has also been returned.

The panel has carried out its work fairly and delivered justice to the families of those whose precious possessions were stolen. It works in co-operation with our national museums and galleries, which support its work and are in agreement on the urgency and necessity of returning stolen objects to their owners.

As the right hon. Lady said, this is carefully targeted, specific legislation that works well. Once the Bill has passed, which I hope it will soon, the panel will be able to continue its important work. It is particularly important for those whose stolen possessions have, sadly, still not been found that, once they are, the Bill will give them the power to get back what is theirs. Also, for those who may not even know about this process, and may not even harbour a hope of getting back what their families once treasured, the Bill should give them that hope.

It is important that we support this cause and the moral beliefs underpinning it when the spectre of antisemitism is on the rise once again. I was horrified to read in the news just days ago that antisemitic hate crimes hit a record number in 2018. That is something that should scare and anger us all, and we must do everything in our power to stamp it out.

Before I congratulate the right hon. Lady on bringing in this important Bill, let me just reflect on what the hon. Member for Torbay said about the wider symbolism beyond this Bill that unites this House. Such unity is borne out of a commitment to oppose antisemitism in all its forms, wherever it exists and in every institution, and it requires a zero-tolerance response.

As we unify and commit to supporting this Bill, let us not forget our honourable colleagues on both sides of the House who have been the subject of death threats, the subject of racist abuse, the subject of misogynistic abuse and the subject of bullying and antisemitism. As the deputy leader of my party, let me say to my friend and comrade, my hon. Friend the Member for Liverpool, Wavertree (Luciana Berger), as I do to honourable colleagues facing that abuse, that she has our solidarity and she has our support as she battles the bullying hatred from members of her own local party. They bring disgrace to the party that I love.

I would like to end by thanking the right hon. Member for Chipping Barnet once again for her work on this vital Bill, which delivers a small amount of justice to those who have suffered so greatly.

Eleanor Laing Portrait Madam Deputy Speaker (Dame Eleanor Laing)
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Before I call the Minister, I want to add on behalf of the whole House that I am sure every Member of this place would echo what the hon. Gentleman has just said about the hon. Member for Liverpool, Wavertree (Luciana Berger). She has the support of us all, and we must all stand together to stand up for her and defend her in every way possible. We must root out the sort of behaviour that is going on, which has no place in our free democracy.

Oral Answers to Questions

Lord Watson of Wyre Forest Excerpts
Wednesday 9th December 2015

(8 years, 4 months ago)

Commons Chamber
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John Penrose Portrait John Penrose
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My hon. Friend is entirely right, and large numbers of people are concerned about that issue. I am happy to tell him that my right hon. Friend the Member for Brentwood and Ongar (Sir Eric Pickles) is at this moment considering a report, and if my hon. Friend has any suggestions about what should be in it, he is welcome to make them.

Lord Watson of Wyre Forest Portrait Mr Tom Watson (West Bromwich East) (Lab)
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I am glad the Minister noticed that there was a parliamentary by-election in Oldham last week. When he carefully studies the figures he will see that there are 1,814 fewer voters in Oldham West and Royton than there were at the general election. If those figures are extrapolated across the country, they show that more than 1 million fewer people are registered than were a year ago. That was predicted; it has happened intentionally. By design, this Minister is responsible for silencing the voices of more than 1 million voters in Britain. How does he feel about being the only Minister in British history to disfranchise 1 million people?

John Penrose Portrait John Penrose
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I see that the conspiracy theorists are out in force this morning. The entries that will have been crossed off the register as a result of the introduction of individual elector registration—a measure that was supported in principle by the Labour party—will be those for people who have died or moved house. Anybody who is a legitimate elector and who has a pulse will have been confirmed on the electoral register. If anybody is worried that they may not be registered, they can register online before May—it takes under three minutes, which is less than the time needed to boil an egg—and they will get their vote.

LIBOR (FSA Investigation)

Lord Watson of Wyre Forest Excerpts
Monday 2nd July 2012

(11 years, 10 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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I will certainly take a close look at my hon. Friend’s Bill and get back to him on it.

Lord Watson of Wyre Forest Portrait Mr Tom Watson (West Bromwich East) (Lab)
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The Chancellor said in his statement that he had asked Mr Wheatley whether participation in the setting of LIBOR should become a regulated activity. Does the Chancellor accept that public confidence in the British Bankers Association has completely ruptured, and that for the public it is a question not of whether, but of when, we take that responsibility away from it?

George Osborne Portrait Mr Osborne
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I completely agree with the hon. Gentleman that confidence in the process of setting LIBOR has been damaged—of course—by these revelations. That is precisely why, if I may say to him, I want to get on with it: that is why I have asked Mr Wheatley to do his report in the next couple of months, not even by the end of the year—so that we have the opportunity in October of amending, just before it becomes law, the Financial Services Bill. The hon. Gentleman is an expert on public inquiries, and I am sure he will agree that a public inquiry would take years to get to that point. Let us get to that point this autumn.

Oral Answers to Questions

Lord Watson of Wyre Forest Excerpts
Tuesday 21st December 2010

(13 years, 4 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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I can indeed give my hon. Friend that assurance. This is an issue that the eurozone is publicly considering, as well as other potential routes forward for the eurozone. My efforts are concentrated on getting our gilt auctions away, and I can reassure him that, thanks to the measures we have taken, that is going well at the moment.

Lord Watson of Wyre Forest Portrait Mr Tom Watson (West Bromwich East) (Lab)
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I see on my copy of the Liberal Democrat “Whip” for this week that all Lib Dem Ministers have been instructed to visit Oldham East and Saddleworth three times before 13 January. Will the Chief Secretary to the Treasury tell me on what days he intends to visit, and will he take the Business Secretary with him, so that they can outline their “Maoist revolution”?

John Bercow Portrait Mr Speaker
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Order. I assume that the hon. Gentleman is requesting a visit in which the Minister will talk about the policies of the Government.

Finance (No.2) Bill

Lord Watson of Wyre Forest Excerpts
Monday 8th November 2010

(13 years, 5 months ago)

Commons Chamber
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Lord Watson of Wyre Forest Portrait Mr Tom Watson (West Bromwich East) (Lab)
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The important point about the new clause is the unique position of the video games industry. It has the potential for explosive growth and to create far more high-level, highly paid, highly skilled jobs in the UK. Yet its competitors, with a fiendish interpretation of international competition rules, are picking off the very best designers and developers from UK production shops one by one. The industry worked long and hard with the Treasury to build a robust model for a specific rate to allow the industry to grow over the coming years. That is why hon. Members are so concerned—many jobs are at risk if the new clause is not accepted.

David Hanson Portrait Mr Hanson
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My hon. Friend makes the important point that those are high-skilled, highly technical jobs that will bring investment to this country. They are intellectual capacity jobs that are helping to grow the areas of our international markets that we need to grow.

To follow up on what the hon. Member for Dundee East said, Edward Troup, the managing director of budget, tax and welfare at the Treasury, said to the Scottish Affairs Committee:

“There would be issues; there would be boundary issues,”

but crucially, he continued, “but it would work.” I am not trying to make political capital out of the matter, but if it is proved that the tax break would work—meaning that it can be applied, can deliver, will keep jobs in this country, will grow business and will help resources be reinvested in the British economy—will the Exchequer Secretary be willing to accept the principle and introduce an appropriate clause in some future Finance Bill?

If it is found that the tax break would work but the Exchequer Secretary will not introduce it, I will have to presume that he is not interested in doing so, rather than that he is concerned about its applicability and workability. If so, he is on an entirely different page from the one that the Under-Secretary was on in April, that the Chancellor was on before the general election and that the hon. Member for Bath, who is part of the coalition, was on at that time.

Oral Answers to Questions

Lord Watson of Wyre Forest Excerpts
Tuesday 8th June 2010

(13 years, 10 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Order. I know that the Chief Secretary will want to stick to the narrow subject of external consultants.

Lord Watson of Wyre Forest Portrait Mr Tom Watson (West Bromwich East) (Lab)
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Is Andy Coulson a consultant? How much are you paying him?

Danny Alexander Portrait Danny Alexander
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He works at No. 10 Downing street—[Interruption]—and I will give the hon. Gentleman a full response if he wants one.

Economic Affairs and Work and Pensions

Lord Watson of Wyre Forest Excerpts
Tuesday 8th June 2010

(13 years, 10 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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The devolved Administrations have to be part of the wider spending review. With the best will in the world, we cannot let the three devolved Administrations simply determine what they will spend, particularly when most of them do not have significant tax-raising powers, but I give the hon. Gentleman the commitment that we will engage in an open and frank way and that we will listen to the concerns from Northern Ireland. I am well aware that one of the big challenges in Northern Ireland is how we can stimulate the private sector in Ulster, and we want to work with him on that. As I am sure he knows, the Secretary of State for Northern Ireland has some ideas in that area. We will engage not just with the Administration in Northern Ireland but with the Scottish Government and the Welsh Assembly and its Administration. For us, this is genuinely about trying to bind as many people as possible into a collective discussion which I hope other Opposition parties will be part of, even if the main Opposition party does not want to be.

Let me explain to the House how the review will work. First, we will build on the in-year savings that we have already made in order to drive for efficiency and value for money. We are creating a new efficiency and reform group at the heart of Government, which brings together a variety of bodies that are separate across Departments in order to try to bring to one place expertise on renegotiating contracts, maximising collective buying power and the like. We will ask for administrative spending in central Whitehall and quangos to be reduced by at least a third. Each Secretary of State will appoint a Minister with specific responsibilities in their Department over the next three months for driving that value-for-money agenda across their Department, and we will place a new obligation on public servants to manage taxpayers’ money more wisely by strengthening the role of the departmental finance director.

Lord Watson of Wyre Forest Portrait Mr Tom Watson (West Bromwich East) (Lab)
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I strongly support the Chancellor in his drive to have more transparent budgeting, in particular the obligation on Departments to announce every item of expenditure over £25,000. Will he be legislating to make that a statutory obligation? Will he explain the slight incongruity between the obligation on local government to publish items of expenditure over £500 and civil servants getting away with a little bit more at £25,000? Does he think that merits him reducing that bar?

George Osborne Portrait Mr Osborne
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We chose £25,000 because, quite frankly, the US model suggested that that was an appropriate sum. I am very willing to consider moving to a lower level of disclosure in central Government, once we get the system up and running and working, but I did not want to make the sum so small that it stopped the thing working in the first place. Local councils have much smaller budgets, of course, relative to central Government, and that is why we chose a lower threshold. However, the £25,000 threshold is perhaps just the first step. The big IT challenge is to make the system work, but in the United States they have done so, and they call it “Googling your tax dollars”. Barack Obama, when he was a senator, helped to sponsor the Bill that introduced it, and we are absolutely committed to introducing such a measure here in the United Kingdom.

Secondly, the spending review will challenge Departments, local government and others to consider fundamental changes to the way they provide public services. As part of that process, every part of government and every spending programme will have to answer a series of probing questions. Is the activity essential to meet Government priorities? Do the Government need to fund that activity? Does the activity provide substantial economic value? Can the activity be targeted on those most in need? How can the activity be provided at a lower cost? How can the activity be provided more effectively? Can the activity be provided by a non-state provider or by citizens, wholly or in partnership? Can non-state providers be paid to carry out the activity according to the results that they achieve? And can local bodies, as opposed to central Government, provide the activity? The answers to those questions will inform a fundamental reassessment of the way in which government works.