65 Andrea Leadsom debates involving the Cabinet Office

European Council

Andrea Leadsom Excerpts
Monday 11th February 2013

(11 years, 3 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Cameron of Chipping Norton Portrait The Prime Minister
- Hansard - - - Excerpts

There was a brief discussion about Mali, which President Hollande led, and I did have a discussion with him. I strongly support what the French have done. I do not believe it is their intention to keep their troops there a moment longer than they have to. The intention is to train up African forces from the west African states. Britain is prepared to contribute some 200 troops to that purpose. I spoke this morning to President Goodluck Jonathan of Nigeria to offer our support to train Nigerian troops. It is our intention and that of the French that those west African troops will replace the French troops. Then two things need to happen—a political agreement in Mali that helps to bring that country together, and the rapid training of Malian forces so that they can take responsibility for their own security. No one wants foreign troops to stay in Mali a second longer than is necessary, and that is certainly not our intention.

Andrea Leadsom Portrait Andrea Leadsom (South Northamptonshire) (Con)
- Hansard - -

The Prime Minister has achieved two incredible firsts recently—not just the rolling back of the multi-annual financial framework, but the double majority lock for European banking union voting. Does he believe that this means that austerity has led to a new realism in the European Union? Does he think the support that he has gained for his reforms recently will lead to a greater acceptance of the need for reform and repatriation in achieving a new settlement for Britain as a member of the EU?

Lord Cameron of Chipping Norton Portrait The Prime Minister
- Hansard - - - Excerpts

I thank my hon. Friend for what she says. Two things are happening. First, there is a growing sense right across Europe, not just in the UK, that we must have proper control of EU spending, and that if we are tightening our belt at home, we should not be spending more through the EU. That had strong support.

Secondly, countries are seeing that as the euro requires a further tightening of parts of the European Union, proper arrangements need to be put in place for non-euro countries. The banking union agreement was a really good example of that, and I hope that it is the precursor to more such arrangements, which would be helpful for non-euro countries like Britain.

Commercial Lobbyists (Registration and Code of Conduct) Bill

Andrea Leadsom Excerpts
Friday 1st February 2013

(11 years, 3 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
James Duddridge Portrait James Duddridge
- Hansard - - - Excerpts

My hon. Friend nods and I am grateful to her. I have looked at part of those responses, although not at them all. Perhaps in her concluding remarks she will indicate when the Government will respond to the consultation as that would be helpful for the House. I would certainly find it interesting to read the Government’s response alongside the summary of responses to the Cabinet Office consultation document, “Introducing a Statutory Register of Lobbyists”. The majority of respondents welcomed the Government’s commitment to achieve greater transparency and were supportive of a statutory register of lobby interests. However, there was a definite overlap between the responses on definition and scope; the definition presented a particular issue for many respondents and there was a widespread recognition that arriving at the right definition would be fundamental to the register’s effectiveness. The Bill completely sidesteps that issue, despite making an attempt to define lobbying.

The overarching theme that emerged from the consultation was that the proposed definition was narrow, and a number of respondents stressed that until the definition was clear, it would be difficult to determine other factors raised by the subsequent questions, especially scope. There was also considerable support for consistency in application to ensure equal treatment of all parties. In keeping with the emerging theme on definition, the predominant view expressed under the question of scope was that a wider scope was preferred but that that should not result in disproportionate burdens. That is very difficult to do; I suspect that a balancing act will be needed in relation to scope, and what is in the code and who should be subject to it.

There was general consensus among respondents that it was difficult to address the question of the information to be provided without clarity on definition and scope. The majority of respondents favoured the disclosure of financial information alongside other information. Such an approach is entirely right; it is insufficient simply to say, “You are lobbying on behalf of A, B or C.” Although I said that more information should be available, people can become bogged down by information if we are talking simply about volume over a small number of categories and they might not be able to see the bigger picture. One can imagine lobbyists listing client upon client and our then finding that they are billing some of them only a few thousand pounds, whereas they might be charging some of the bigger clients £1 million. Such information allows us to estimate the size of the work that they are doing, which then allows people to track things down. They can ask, “Why are X, Y and Z companies getting £1 million? Why are they on a £1 million retainer for this?” People would be able to examine the marketplace, see what lobbying activity they have said they have done and see press speculation. If there is any gap, people could investigate further, so that information would be very useful.

We have already discussed when the register should be updated. The idea of a formal publication quarterly could work, although we could force people to register slightly earlier and put things on the internet. The idea that we should have a quarterly written publication that is produced and pumped out to all interested parties is somewhat old-fashioned. It would be quite possible to have a rolling register on the internet. That may be more appropriate, even if it were to contain only a rolling number of names of individuals and amounts, prior to a formal publication each quarter, if indeed that were needed. In the case of some of the specific examples discussed today, it would be essential—this is more than a preference—for us to have that information on a regular basis.

We have already discussed funding, so I will not detain the House any longer on that. Interestingly, there was support for strong sanctions to apply to those on the register, so we must ask what happens when things go wrong. We have not debated that at great length, but it goes to the heart of the matter. If someone could carry on acting in the same way, there would be little point in the register. This is not a monitoring exercise. We should not feel better about ourselves just because we catch people doing wrong—or what we perceive to be wrong. That is what we legislate for; this should be about improving the quality of democracy. We need to consider the sanctions. We need to consider how we fine people and whether it is purely a matter for the lobbying registration council or whether the state should take a greater view. Are we going to say that in some cases it is a criminal offence to do certain things in respect of lobbying rather than saying that it is an offence against the lobbying registration council that will be punished internally? Are we saying that the law is sufficient at the moment? This matter is crucial and, as on the code of conduct, it will be incumbent on the Government when they publish a draft Bill to give us a copy of the documents that they are proposing, even if some of the detail is not included and even if the documents are only in draft. Without that information it will be very hard to see from the Government Bill whether it is indeed the appropriate way forward. Cross-party support would be encouraged by the publication of as much information as possible, particularly on the issue of sanctions, which has not been touched on during this debate.

I was going to go into more detail on the definition of lobbying, but I do not wish to do that now as we have covered a lot of that territory. However, I would like to caution against accepting the lobby industry’s definition of lobbying. Clearly, if the industry had been operating well, properly and transparently in the interests of democracy, we would not be here today. So it is somewhat ludicrous simply to say, “Well it is agreed by the industry” and then move forward.

Clause 4(2) exempts the activities of Members of Parliament from the definition of lobbying, and I very much welcome that. Clause 3(3) deals with the issue of passes, and I was disappointed that the words

“or former member of either House”

found their way into the Bill. I listened to the reasons that the hon. Member for Dunfermline and West Fife gave, and I think he disagrees with that provision but left it in the Bill out of courtesy to other Committees of the House that were considering it. It would be wholly inappropriate if the duties we put on a lobbyist—someone trying to lobby this current House—were less for a ex-Member of either House than for a member of the public. Someone is either a Member of Parliament or an ex-Member of Parliament, and I do not think we should blur the lines on lobbying.

I have outlined the case for caution, and I wish to discuss the arrangements in other countries. However, for the sake of the debate, before I do so I shall touch on issues in the United Kingdom. The UK has a specific problem with commercial lobbying in the House of Commons, and it relates to all-party groups. We have not discussed this matter in detail, but we have touched on it tangentially. I am sure that many of us here are members of all-party groups, which provide a strong function for the House of Commons, despite confusion among the public as to what an all-party group does and what a Select Committee does. Sometimes, these groups are sparsely attended by MPs and Lords, but are very professional operations, and sometimes at their heart are industry lobbyists.

I was once surprised in Parliament to bump into an old friend with an interest in politics, because I thought they worked in outside industry. They were not of an age at which I would have expected them to be an intern, and neither were they one of the more senior staff members. I could not see their pass, so I asked, “What brings you here?” They turned it around, and it was a blue pass. I am not sure if you are familiar with blue passes, Mr Speaker, but they are for all-party groups. This individual was paid by an external lobbying organisation and had a House of Commons pass not issued by an MP. I am not sure who issues them.

Andrea Leadsom Portrait Andrea Leadsom (South Northamptonshire) (Con)
- Hansard - -

Is it not astonishing that all-party groups are issued with passes, but our colleagues in the European Parliament are not?

James Duddridge Portrait James Duddridge
- Hansard - - - Excerpts

I will not be tempted down that line, because I suspect I take a different view in relation to MEPs. It would be an interesting but fruitless tangent to this debate.

It is shocking that people can get passes as staff of all-party groups. If I was a chair or senior officer of an all-party group and had a spare pass—we are allocated three or four passes—and, in my name and on my authority, granted it to an individual working for an all-party group, that would be fine. I would be taking personal responsibility for their behaviour on the estate; such people would be representatives of parliamentarians. It is wrong, however, that paid lobbyists have passes not signed off by an MP. Our passes are rationed, as we can issue only three or four, so I have to decide, for instance, whether to issue one to my caseworker who occasionally comes up from Southend. As well as rationing, there must be a proper analysis of what passholders are doing here.

On 2 January, The Times published an interesting investigation into the funding of all-party groups that again raised the issue of defining lobbying. In some cases, organisations have good reasons for funding all-party groups; for instance, they might want a genuine debate on their broad subject area. I am sure, however, that we have all felt uncomfortable about the dominance of funding in certain all-party groups or about what the secretariat was doing—who is it representing, is it genuinely representing the Lords and MPs or the people who pay the secretariat?

Having said that, it would be inappropriate to throw out all the secretariats and financial relationships. For instance, I spend a lot of time on African issues, many of which cannot easily be funded by commercial organisations or the countries themselves, and in those cases it is entirely appropriate to have academic institutions funding secretariats. I am less comfortable, however, with big businesses funding such arrangements. The Times thought that at least a dozen all-party groups had received funding or benefits from outside organisations in the past 12 months, with the amounts involved totalling more than £1 million a year.

I think that Members might be sleepwalking towards potential problems. A couple of times, I have been asked to sign up to an all-party group of perhaps tangential interest to me or my constituency. On those occasions, I have lent my name to the group with the intention of attending perhaps only one or two meetings a year, but these groups meet regularly and churn out reports that are perceived to carry the authority of the House of Commons. Quite often in the morning, Radio 4 will mention a report from the House of Commons. Sometimes, it refers to a Select Committee report, but sometimes I think, “That’s a little odd; the Committee wouldn’t have said that,” and it turns out to be an all-party group funded by outside support. Given our limited resources for members of staff, it is often only with outside support that we can produce an extensive paper.

I would therefore like the Bill to take account of all-party groups. I have raised the issue of blue passes and have tabled a few probing written questions about the number of people involved.

Algeria

Andrea Leadsom Excerpts
Friday 18th January 2013

(11 years, 4 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Cameron of Chipping Norton Portrait The Prime Minister
- Hansard - - - Excerpts

The best way to answer that question is to say that all of those organisations that are linked to al-Qaeda are therefore linked to each other. Some have a tighter relationship with the senior leadership of al-Qaeda and some slightly looser, but all the groups he mentions, whether al-Qaeda in the Islamic Maghreb, Boko Haram in Nigeria or any of the other organisations, are pursuing similar goals of violent extremism, wanting to damage as harmfully as possible the interests of countries such as Britain.

Andrea Leadsom Portrait Andrea Leadsom (South Northamptonshire) (Con)
- Hansard - -

Is my right hon. Friend able to reassure the House that not only European but all north African Governments are united in their condemnation of this terrorist action?

Lord Cameron of Chipping Norton Portrait The Prime Minister
- Hansard - - - Excerpts

I believe that I am. The reaction from all Governments across Europe, north Africa and the wider world has been completely condemnatory of this terrorist attack. It is very important that we speak with a united voice in saying that this sort of terrorism is never justified, and, frankly, it has to be defeated. All of that cannot be done through a political process—a very important robust security response is required.

European Council

Andrea Leadsom Excerpts
Monday 17th December 2012

(11 years, 5 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Cameron of Chipping Norton Portrait The Prime Minister
- Hansard - - - Excerpts

I will be making the speech in the middle of January—[Hon. Members: “Ah!”] I am delighted that Opposition Members are so excited and are looking forward to it. The hon. Lady might have noticed that I have had a number of other things to attend to in recent weeks, but I have a feeling—knowing her views and the moves she has been making over the years as I have watched her in the House—that she may quite like it.

Andrea Leadsom Portrait Andrea Leadsom (South Northamptonshire) (Con)
- Hansard - -

I congratulate the Prime Minister on the ground-breaking deal for Britain’s financial services that he struck in Europe. Does he agree that it is astonishing that Labour Members seem to think it is simply a case of “in or out, and why don’t you get on with it”, when it is far more important to negotiate a better deal for British taxpayers? My right hon. Friend is absolutely on the right track.

Lord Cameron of Chipping Norton Portrait The Prime Minister
- Hansard - - - Excerpts

I thank my hon. Friend for her question. I should say that the banking union agreement was negotiated not by me but by the Chancellor of the Exchequer. He deserves the credit for the 5 am finish in the negotiations, which safeguarded Britain’s interests. My hon. Friend is right in what she says.

Oral Answers to Questions

Andrea Leadsom Excerpts
Wednesday 28th November 2012

(11 years, 5 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
David Jones Portrait Mr Jones
- Hansard - - - Excerpts

That matter is under active consideration between the Welsh Government, the Wales Office and the Treasury. The hon. Gentleman will have seen the announcement that was made at the end of October and will have been able to draw his own conclusions.

Andrea Leadsom Portrait Andrea Leadsom (South Northamptonshire) (Con)
- Hansard - -

4. What recent assessment he has made of repatriating from the EU regional policy as it relates to Wales.

Stephen Crabb Portrait The Parliamentary Under-Secretary of State for Wales (Stephen Crabb)
- Hansard - - - Excerpts

In July my right hon. Friend the Foreign Secretary announced to the House the launch of the Government’s review into the balance of competences of the European Union. The review will look at the scope of the EU’s competences as they affect the UK and what this means for our national interest. The review will be completed in 2014.

Andrea Leadsom Portrait Andrea Leadsom
- Hansard - -

As the Government’s position, set out in the fifth cohesion report in January 2011, is that wealthier states should not receive structural and cohesion funds, what assessment has my hon. Friend made of the impact on the Welsh regions of repatriating regional policy to the UK?

European Council

Andrea Leadsom Excerpts
Monday 22nd October 2012

(11 years, 7 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Cameron of Chipping Norton Portrait The Prime Minister
- Hansard - - - Excerpts

This, obviously, was all discussed at great length at the European Council in all sorts of forums. I am delighted to welcome the new Chief Whip, who is in his place and is already doing a great job.

Andrea Leadsom Portrait Andrea Leadsom (South Northamptonshire) (Con)
- Hansard - -

Does my right hon. Friend agree that the Leader of the Opposition’s remarks show how completely hopeless he would be at negotiating anything with the EU since he has no policies and his only strategy is to be best mates with them? Does he also agree that it will be essential, with European banking union, that we put in place safeguards against any financial transactions tax for British banks?

Lord Cameron of Chipping Norton Portrait The Prime Minister
- Hansard - - - Excerpts

My hon. Friend makes a good point. Do we know where the leader of the Labour party stands on the EU fiscal treaty? We do not know. Do we know where he stands on the financial transactions tax? We have not got a clue. Do we know what he would do about the banking union? We have absolutely no idea. The Opposition have no positive message, but I know what they are up to in Europe. They are members of the European Socialists party, whose president is a Bulgarian who opposes gay pride marches. They have also signed up to scrapping the UK rebate—that is your official policy—and to increasing substantially the EU budget and introducing new EU taxes. They are your mates and that is your policy.

Oral Answers to Questions

Andrea Leadsom Excerpts
Tuesday 16th October 2012

(11 years, 7 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Nick Clegg Portrait The Deputy Prime Minister
- Hansard - - - Excerpts

My right hon. Friend the Chief Whip has made it clear that he acknowledges that what he did was wrong, he has apologised, and the police officer in question has accepted that apology. I hope that we can move on from there.

Andrea Leadsom Portrait Andrea Leadsom (South Northamptonshire) (Con)
- Hansard - -

My right hon. Friend is right to say, as he has many times, that one of the great achievements of the coalition has been to come together in the national interest. Will he not, therefore, reconsider the fact that reducing the number of Members of Parliament and equalising the number of electors in each seat is clearly in the national interest?

Nick Clegg Portrait The Deputy Prime Minister
- Hansard - - - Excerpts

As I sought to explain, the legislation on the boundary reviews remains on the statute book and there is no question of our seeking to repeal it. To that extent, we are honouring the coalition agreement commitment to introduce legislation to hold boundary reviews and reduce the number of MPs in this House. However, for all the reasons that I have explained, the legislation will not be introduced in effect before the next general election.

EU Council

Andrea Leadsom Excerpts
Monday 2nd July 2012

(11 years, 10 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Cameron of Chipping Norton Portrait The Prime Minister
- Hansard - - - Excerpts

What matters is doing the right thing. I think that there are two positions that do not make sense. First, unless you actually want to leave the European Union now, and some people do, an in/out referendum now is not the right answer. But ruling out, for ever and a day, any form of getting the consent of the British people for what I would call a fresh deal and a fresh settlement in Europe also does not make sense. This is a question that all party leaders are going to have to answer. We are providing the answer—the right hon. Gentleman’s party leadership will have to do the same thing.

Andrea Leadsom Portrait Andrea Leadsom (South Northamptonshire) (Con)
- Hansard - -

Will my right hon. Friend agree to consider carefully that the Fresh Start project’s options for change paper, which is being launched next week by my right hon. Friend the Foreign Secretary and is the culmination of a year’s work by parliamentarians from all parties and external experts, might possibly offer some of the solutions to the type of reform we are looking for in the EU? Will he also agree to reconsider the issues of competition in the banking sector that, in my opinion, are one of the major reasons why we are in this appalling situation?

Lord Cameron of Chipping Norton Portrait The Prime Minister
- Hansard - - - Excerpts

I shall certainly consider very carefully what my hon. Friend says. As I said, the Foreign Secretary will shortly set out the balance of competences review and how the process will work. I hope that that will inform debate; clearly, the piece of work undertaken by her and her colleagues will help. She mentions the banking sector and there are clearly rules for financial services at the level of the single market that are required and it is very important that we have a say over them. The fundamental elements of banking union, however, flow from the single currency, not the single market. That is why that union should be carried out at 17, not at 27.

Regional Pay

Andrea Leadsom Excerpts
Wednesday 20th June 2012

(11 years, 11 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Rachel Reeves Portrait Rachel Reeves
- Hansard - - - Excerpts

I thank my hon. Friend for mentioning that. That is how the Government will get the economy moving again—by cutting the pay of the most vulnerable workers and introducing regional pay.

Rachel Reeves Portrait Rachel Reeves
- Hansard - - - Excerpts

It will be interesting to hear what the hon. Lady has to say to the 10,800 public sector workers in her constituency and whether she wants them to have a pay cut.

Andrea Leadsom Portrait Andrea Leadsom
- Hansard - -

I am grateful to the hon. Lady. I was going to say that my 10,500 public sector workers will no doubt agree with me that the way to get our economy going again is by a private sector-led recovery, which requires that businesses begin to thrive. Does she accept that it is a private sector, business-led recovery that will turn around our economy?

Rachel Reeves Portrait Rachel Reeves
- Hansard - - - Excerpts

Perhaps those 10,500 public sector workers can give their verdict at the ballot box. Yes, we do need a private sector recovery, but we will not achieve that by cutting the pay of the people who deliver our public services.

Debate on the Address

Andrea Leadsom Excerpts
Wednesday 9th May 2012

(12 years ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Iain Wright Portrait Mr Wright
- Hansard - - - Excerpts

I absolutely agree. Later, I want to mention that we need more investment and to unlock investor confidence and provide more business investment. That is at terminally low rates at the moment.

Emphasis should have been given to a new finance Bill with measures to boost demand in the economy and put more money in the pockets of millions, rather than prioritising tax cuts for millionaires and tax rises for pensioners. Communities such as mine in Hartlepool and the wider north-east see a Government presiding over unprecedented cuts to income, living standards and public services, huge rises in unemployment and matters being made worse by Government measures such as the rise in VAT, hikes in student fees, cuts to tax credits and increased taxes for pensioners.

At the same time, the Chancellor is insisting that the country can afford to give those earning more than £150,000 a year a tax cut and that, in the current climate, millionaires should be given priority and pay about £40,000 a year less in tax. A new finance Bill could have set about repairing some of the damage from the previous Finance Bill, which has been carried over into this Session; it could have put us on the path to economic recovery, jobs and growth.

Iain Wright Portrait Mr Wright
- Hansard - - - Excerpts

I hope that the hon. Lady will agree.

Andrea Leadsom Portrait Andrea Leadsom
- Hansard - -

It seems rather astonishing that the hon. Gentleman should be suggesting that the Government should be spending more money. Does he run a household budget as I do? When people are trying to feed a family, it is clear that if they borrow lots of money and pay extremely high interest rates—because their intention is to borrow even more money—that will not get them into any position to balance their budget or move on from the parlous state in which they find themselves. Is the hon. Gentleman not aware that we are already paying £200 million a day in interest, just to service the debt that his Government incurred?

Iain Wright Portrait Mr Wright
- Hansard - - - Excerpts

What I am suggesting is that if the Government were serious about economic growth and promoting the conditions for competitiveness and enterprise, they would be doing a lot more to stimulate growth and job creation. For example, they could have announced a British investment bank Bill, which would have provided a clear and welcome acknowledgement that active partnership between Government and productive businesses will allow the state to ensure that growth capital is provided to the small and medium-sized businesses that need it, for which the market has failed.

Active partnership between Government and businesses can work. Successful modern economies such as Singapore and Germany do it, and their economies will see long-term, sustainable business success and economic growth as a result. Even the US, supposedly the most free market economy on earth, does it; we saw the likes of fast-growing young companies such as Apple and Intel receive growth funding through the US Government’s small business investment company programme. On the subject of active government in the US, why did not the Gracious Speech include the British equivalent of President Obama’s Jumpstart Our Business Startups Act, which is designed to increase the number of jobs and to kick-start initial public offerings for companies and ensure that they have access to finance for growth? We should be doing the same here.

Iain Wright Portrait Mr Wright
- Hansard - - - Excerpts

You will never hear from me, Mr Deputy Speaker, any criticism of trying to get as many start-ups as possible. I would welcome a culture of enterprise and allowing businesses to grow, but firms that are starting up are being penalised by not being given access to finance and capital to allow them to do so.

The Gracious Speech referred to the introduction of

“legislation to reform competition law to promote enterprise and fair markets.”

I hope that the Government will confirm that that Bill will contain measures to curb excessive executive remuneration and encourage increased shareholder activism, as that was not specifically mentioned in the Queen’s Speech. I also hope that they will legislate to implement all—I emphasise all—the sensible and widely accepted recommendations of the High Pay Commission earlier this year on matters such as simplification of executive remuneration, standardisation of reporting to ensure that meaningful comparisons can take place, and, importantly, the inclusion of employee representation on remuneration committees. Recent events at the likes of UBS, Trinity Mirror, Barclays, AstraZeneca and Aviva have shown that there is shareholder appetite for ensuring that poor performance is not rewarded through excessive pay. I hope that the High Pay Commission’s recommendations will be implemented in full.

I hope that the reference in the Queen’s Speech to “repealing unnecessary legislation” will not mean stripping away workers’ rights. Making it easier to fire people does not create jobs, employment or economic growth; instead, such an environment creates a Victorian-mill-owner culture of bad bosses being accepted and enshrined in legislation. It will do nothing to stimulate consumer confidence or growth in demand, which are so very vital. It is also wrong to suggest that the level of employment protection and rises in unemployment are closely correlated, as David Blanchflower points out in his article in The Independent today. He argues that Germany and the Netherlands have much higher levels of employment protection than the UK but experienced a much smaller rise in unemployment during the recession and its aftermath.

Iain Wright Portrait Mr Wright
- Hansard - - - Excerpts

I hope that the Government will recognise that point in taking forward legislation, and that the hon. Lady will recognise it as well.

Andrea Leadsom Portrait Andrea Leadsom
- Hansard - -

I agree that we have got into a position in this country whereby certain big businesses have behaved extremely badly towards their employees, and towards capitalism itself. That has not been about true entrepreneurism but just money for old rope. Does the hon. Gentleman agree that the answer to that is to change the way in which we do corporate governance by introducing new powers for shareholders to ensure that they can hold to account the chief executives and boards of such companies?

Iain Wright Portrait Mr Wright
- Hansard - - - Excerpts

I would certainly agree with making improvements to this country’s corporate governance model. Germany has a good model, and although it cannot be replicated exactly, it is something that we should consider. I have mentioned the recommendations of the High Pay Commission, which referred to employee involvement in remuneration. I hope that that approach will continue. By having a responsible capitalist agenda, we can make improvements to secure long-term sustainable growth in this country. Perhaps the hon. Lady and I can agree on that.