(6 years, 11 months ago)
Commons ChamberGiven what he said, I hope the hon. Gentleman will welcome the supply chain initiative, which is at the heart of the sector deal to increase the level of UK content. But one way or another the motor industry, like so many others, is based on its good relations, not just across Europe, but around the world, and it is essential that the deal we do allows that to continue and indeed to prosper in the future.
The west midlands has a proud heritage in the automotive sector, and I welcome the Government’s recent announcements, which will see the region be a global leader in the sector. Does my right hon. Friend agree that supporting innovation and new technologies is key to addressing productivity and creating higher-skilled, well-paid jobs?
My hon. Friend is absolutely right on that, and the commitment we have made to being the world centre for research in new battery technology, through the Faraday challenge, is already commanding attention right around the world. The investment in skills that accompanies this strategy will make sure that her constituents and others in the region will benefit from the jobs that result.
(6 years, 12 months ago)
Commons ChamberDudley South has one of the biggest shopping centres in the country, a new enterprise zone and one of the largest secure industrial parks in Europe, but it has no railway station and on a good day it is probably half an hour from the nearest motorway junction. Infrastructure is absolutely vital, therefore, if the potential of local people and businesses is to be realised, which is why, before I was elected, one of my first campaigns was for a new tram extension to join my constituency with the midland metro network and the main line rail network.
The extension has been on and off the agenda since the days of the old West Midlands County Council in the early 1980s. Understandably, when I knocked on doors, the most common response I got was, “Yes, we’ve been told this for 30 years. It’s never going to happen.” Along with West Midlands Mayor Andy Street, we have continued to make the argument, however, which is why we were absolutely delighted when the Chancellor and the Prime Minister announced at the start of last week £250 million for transport infrastructure in the west midlands, of which £200 million will be used to fund the tram extension out to my constituency, with a tramline to Brierley Hill.
Does my hon. Friend agree that the Budget has been great for the west midlands? As he says, it is about transport infrastructure, which is so important for investment and business growth in our area.
My hon. Friend hits the nail on the head. This has been a great Budget for the west midlands, but not only for the west midlands; it also builds on the Government’s commitment to rebalance the economy and deliver for every part of the country and every sector of the economy.
The £200 million being invested in the tramline to my constituency will have the transformative effect we need in the Black country in supporting our local economy. Independent analysis by Lichfields found that it would have a multiplier effect, increasing the benefits from other economic initiatives in the region. For example, it will increase the annual delivery of new homes by nearly 1,500—an increase of 250% against the baseline if the tramline were not going ahead; increase the number of direct and indirect permanent jobs by nearly 8,500; and almost double economic output from the 2 km corridor around the tramline from £14.4 billion to £28.6 billion, vastly increasing both council tax and business rates receipts by nearly £400 million.
This is only a snapshot of the economic activity that the metro will bring to my constituency and neighbouring constituencies. It will enable the Black country to capture more effectively the numerous growth opportunities presented by both HS2 and the DY5 enterprise zone in my constituency. It will increase the ability of businesses to attract investment, while the enhanced transport between the towns and cities of the west midlands will bring greater access to work and reduced journey times and offer better access to a wider labour market, to the benefit of both businesses and employees. With better transport comes better access to local shops and services, including a wide range of social and community networks. That is why the Budget delivers for my constituency and why I wholeheartedly support it this evening.
(6 years, 12 months ago)
Commons ChamberI share the hon. Gentleman’s enthusiasm for Stoke-on-Trent and its leadership in ceramics. In fact, just last week I was talking to Laura Cohen, who leads the British Ceramics Confederation; and Abi Brown, the deputy leader of the city council, is a huge champion of the industry. As the hon. Gentleman pointed out, it features in the industrial strategy, and I think it is one of the sectors that have a stellar future. For instance, ceramics technologies can be applied to new uses in relation to medical and other devices. That is why the prospects of a sector deal are so exciting, and it has my full support and commitment.
I welcome my right hon. Friend’s statement. A number of Members on both sides of the House have mentioned the importance of collaboration. If the industrial strategy is to succeed, it will require cross-Government effort to deliver the five foundations of productivity. Will my right hon. Friend outline the measures that have been taken to ensure that the strategy is genuinely embedded across Whitehall Departments?
My hon. Friend has made an excellent point. Given that different industries are coming together—for example, the energy sector and the motor industry share an interest in battery storage—it makes no sense for the Government to operate in silos. Part of the purpose of the strategy is to ensure that Government policy in all the different Departments pulls in the same direction to support the industries of the future, to help them to create good jobs, and to improve the earning power of the country.
(7 years, 1 month ago)
Commons ChamberThe right hon. Gentleman is right: we especially want to extend smart meters to those on prepayment meters and those who might struggle to afford their energy bills, because the benefits of the savings are disproportionately better for them.
Does my right hon. Friend agree that one of the biggest issues with the energy market is apathy on the part of consumers? We must try to get consumers to engage so that they understand their energy use and bills and can switch. Smart meters are critical to engaging the public.
My hon. Friend is absolutely right. At the moment, an imbalance in information characterises the energy market. The suppliers know pretty well the consumption patterns of their customers, but those same data are not available to the customers to help them see whether they could make considerable savings either with another supplier or in a different type of tariff that might, for example, reward the use of appliances at off-peak times. It is a very important change.
I thank my constituency neighbour for his remarks. Of course, the issue is the use of the second generation of meters—the SMETS 2 meters—and we need to get them into as many places with prepayment plans as possible, so that those households too can get the benefits of seeing when their electricity is cheapest and using their appliances when they get maximum advantage.
My hon. Friend mentioned switching. We need to actively encourage consumers to switch their energy providers to a much greater extent, so I am sure he will join me in welcoming the package of initiatives that are being taken. We talk about smart meters today; we have the energy switch guarantee as well. We should also be looking to make the process easier.
I could not agree more. In many ways I regret the need for us to consider a price cap, because I believe the answer to the problem that we are trying to tackle is to make it easier for consumers to understand exactly how much energy they use and how much it would cost from another supplier and to make it possible for them to make an easy, effective switch.
(7 years, 1 month ago)
Commons ChamberI am grateful to the hon. Lady for her response and questions. On Bombardier, I am grateful for her recognition—which I hope and think is shared across the House and certainly in Northern Ireland—that this is a very positive step forward. I have been very clear that we will continue to seek to strike out and resolve the trade dispute that has been brought by Boeing. Given what we have been doing during the weeks since the initial complaint was made, I do not think anyone could accuse the Government of being anything other than full-hearted in our attempts to resolve this, and our efforts, with our Canadian Government counterparts, to find a secure source of guarantees for Belfast have been widely welcomed this morning.
In terms of the assurances given, Bombardier and Airbus have clearly said they regard the Belfast wing operation as foundational. They expect to expand the production, which means good prospects for those jobs in Northern Ireland and the supply chain across the United Kingdom. That is extremely good news. We will continue to pursue to the point of resolution the trade dispute. The hon. Lady asked about the European Commissioner: my right hon. Friend the International Trade Secretary has discussed this personally with the European Commissioner for Trade. We will leave no stone unturned in seeking a resolution of this dispute.
On the proposals in the Green Paper on international investment, I would have thought the hon. Lady should welcome the fact that we continue to be the third-biggest destination in the world for overseas investment. One of the major strengths of our economy is that we have a reputation for dependability and openness, and it is important that we preserve that while upgrading our systems of scrutiny to make sure that the national interest is protected, particularly in the case of national security. In saying that, I note that the hon. Lady suggests that there has been some delay in so doing, but the changes we are making were changes that were not made during 13 years when the Labour party had the chance to address these matters. I hope she will respond to the consultation and welcome it.
It is right that the threshold should be dropped in order to admit small companies: everyone knows that as technology develops, smaller companies can have a critical role to play in producing products that are part of a wider system. It is right to have that degree of scrutiny. But when the hon. Lady reads the Green Paper she will see that, in addition to those initial changes, we are consulting on whether there should be a wider set of powers to require the mandatory notification of mergers in other sectors of the economy, and we make some proposals around that. It is right to consult on that, but it would not be right for every single transaction in the economy to be required to go through an administrative process when it does not pose a threat to our national interest. That is the purpose of the consultation, and I hope she will welcome it.
The hon. Lady raises the question of Unilever. One of the features of the proposed takeover of Unilever was that the company—correctly, in my view—did not feel it had the time to prepare a proper defence of itself, given the current takeover rules. Following conversations that we have had, the Takeover Panel is proposing a more substantial period in which, at the request of the target company, it will have longer to prepare that defence. That will be welcomed across the economy. This is a consultation by the Takeover Panel so we will wait for that to conclude, but I have welcomed it as a positive step forward.
Does my right hon. Friend agree that the record levels of inward investment demonstrate a strong vote of confidence in Britain, showing that we are open for business and an outward-looking and world-leading nation?
I agree: it is a proud boast that we are the No. 3 nation in the world. We are by no means the biggest nation in the world, but to be No. 3 behind the US and China in terms of foreign direct investment is a real vote of confidence in this economy, and that is something I and my team and my colleagues across Government will always work hard to extend.
(7 years, 1 month ago)
Commons ChamberI do not recognise that figure. It is a fact that smart meters are being offered to every household in the country, and I think it is important that as they are rolled out, their benefits—not least the ability to secure lower prices—are made very clear to people.
I welcome my right hon. Friend’s statement and the recognition that there are issues with the energy market, but consumer apathy is the real problem. Does he agree that more needs to be done to encourage people to switch, and to make switching easier?
My hon. Friend makes a good point. One of Ofgem’s responsibilities is to stop the erection of barriers to switching. It seems to me, however, that it is not unreasonable for consumers to expect to be able to trust a particular brand—a particular supplier—rather than having to change their arrangements frequently, and to be confident that they will not suffer a huge penalty as a result.
(7 years, 1 month ago)
Commons ChamberCoal-fired power generation ceased in Rugeley last year. That commercial decision on the part of the owners represented the end of an era. The Government are committed to phasing out coal-fired generation by 2025. One of the frustrations for my constituents is when they go to other countries and see coal-fired power generation. Will the Minister outline what success we have had in encouraging other countries to follow our example of committing to end such generation?
To reassure my hon. Friend, I should say that, as I mentioned, Canada has agreed to end it, as has the Netherlands. China has agreed to reduce its carbon emissions by 60% to 2032 and India has said that it wants to lead the world in solar generation. All countries—with the exception, perhaps, of one big one—have woken up to the fact that the world is moving away from coal. In doing so, they are creating prosperity and jobs.
(7 years, 4 months ago)
Commons ChamberI very much agree with the right hon. Gentleman that enforcement is crucial. As I said, we have doubled the resources available to HMRC for enforcing the minimum wage and they will continue to rise throughout this Parliament. We have also strengthened the powers of the Gangmasters and Labour Abuse Authority, and the recently appointed director of labour market enforcement has been tasked with bringing the work of the three major enforcement bodies together to understand the extent of the abuse and to recommend ways of giving those agencies the resources that will enable them to deal with it. I hope that the right hon. Gentleman will be pleased with the outcome, in due course.
I welcome the report and my hon. Friend’s statement. Does she agree that not only is it absolutely right for us to ensure that workers are treated fairly, but it is good for businesses too, because they will have a more engaged and therefore more productive workforce?
I heartily agree. This is all about improving work so that we have good work, with people who are able to grow in their careers, and a system in which those who are low-paid to start with need not be low-paid forever but can aspire to a better future. That will benefit British productivity and, as my hon. Friend suggests, improve the competitiveness of British companies.
(7 years, 5 months ago)
Commons ChamberI will indeed. One of the big findings, which has been reinforced by the consultation on the industrial strategy, is that we need to ramp up the level of skills and technical education and training in this country. We will respond to the consultation in the weeks ahead, but my hon. Friend can rest assured that that will be one of its key pillars.
The Kingswood Lakeside business park in Cannock is home to many leading businesses, and the new developments there will create hundreds of new jobs. Does my right hon. Friend agree that those developments are evidence of business confidence, and show that Cannock Chase is well and truly open for business and is a great place to do business?
I do indeed. Having visited Cannock Chase with my hon. Friend, I know that she is a great champion of the businesses there. It is fair to reflect that the confidence of manufacturers and employers in other sectors is high. As the CBI attested this week, it is high across the country, including in Cannock Chase.
(7 years, 8 months ago)
Commons ChamberYes, this country does recognise that it has been under-investing in research and development, and that is why at the autumn statement and in the Budget we have made the biggest investment in R and D for more than 40 years. Public investment in R and D helps to bring in private sector investment at the rate of about £1.36 for every £1 of public investment.
Can my right hon. Friend outline what measures are included in the midlands engine strategy to support small businesses and enterprises such as those in Cannock Chase?