(3 years, 5 months ago)
Westminster HallWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
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It is a pleasure to serve under your chairmanship, Mr McCabe. I, too, thank my hon. Friend the Member for Birkenhead (Mick Whitley) for securing this really important debate for us in the north-west of England.
My remarks are about how a UK invention made in the north-west has exciting potential to reduce carbon emissions across the world, create green energy and generate thousands of skilled jobs and apprenticeships here at home. I am referring to a cutting-edge piece of geothermal technology called the geo-engine, based in my hon. Friend’s constituency. The creators of the geo-engine have been meeting with north-west MPs to try to secure support for their technology. By supporting them in bringing this world-leading technology to market the Government could show the world that the UK’s words are matched by its actions when it comes to helping the world to meet its emissions targets. It would be a clear example on which the COP26 President, the right hon. Member for Reading West (Alok Sharma), could draw as the UK hosts the conference in November.
I am pleased that the Minister for Business, Energy and Clean Growth, the right hon. Member for Berwick-upon-Tweed (Anne-Marie Trevelyan), is in her place and I look forward to her response. She might recall that in a written answer to me on 7 June, she said:
“The geo-engine could help achieve the ambitious decarbonisation targets set in the North Sea Transition Deal for offshore gas published by BEIS in March.”
I was expecting her to see the wider benefits of the technology. I hope that she will be able to acknowledge the benefits that the geo-engine has to offer when she winds up the debate, and perhaps meet my hon. Friend the Member for Birkenhead, the inventors of the geo-engine and me so that we can look at how it can be rolled out globally from the home of the north-west of England.
Let me explain the technology and its wider applications. The environment is harmed by the process of carbon dioxide flaring, which is used to burn off natural gas in CO2-contaminated natural gas fields around the world. It accounts for around 300 million tonnes of CO2 annually. That figure continues to rise as uncontaminated gas reserves dwindle. The geo-engine, however, is able to eliminate CO2 flaring by powering carbon capture and storage and creating surplus power that can be fed into the grid as net zero energy or used to create blue or green hydrogen.
With gas fields located around the world, there is a huge opportunity for the export and adoption of this UK technology. The UK could also benefit, so the investors believe, from the use of geo-engines in abandoned oil fields by recirculating the geothermal power sourced from hydrogen for hydrogen production. That could assist the UK significantly in its net zero energy future. The University of Liverpool and the geo-engine inventors are currently investigating that possibility further.
I have explained how, by supporting the geo-engine, the Government can help to meet carbon targets not only in the UK but in countries across the world. In the little time I have left, I will make clear the benefits for the UK beyond meeting its emission targets. If the Government are serious about building back better, there is no better way to do so than by supporting a home-grown invention with global importance and the potential to boost UK exports. The creators of geo-engine want to create thousands of skilled jobs in the north of England in the direct manufacture of the geo-engine and its specialist supply chain. It is a no-brainer, so let us make the north-west the real hub for green technology. I urge the Minister to please look seriously at backing the geo-engine.
(3 years, 8 months ago)
Commons ChamberIt is always good to be constructive, and there are certainly things to welcome in this Budget. The ongoing support for business and furlough is absolutely essential until the crisis is completely over. We heard this morning from the chief medical officer that we may face another surge, despite the amazing progress on vaccination. It is clear that we cannot take anything for granted, so it is right that that support is not ended prematurely.
I also welcome the fact that more people are now eligible for the self-employment income support scheme, but as I raised earlier today at Treasury questions, that still leaves millions without anything. That is an inconvenient truth that the Treasury has repeatedly failed to address, including through this Budget.
As with previous Budgets, a lot of the most significant bits are the parts that the Chancellor did not announce last week. He is forcing through a council tax hike—devolving blame seems to be the only devolution that the Government are interested in—and the decision on income tax allowances will hit the poorest hardest. That is a huge mistake, particularly as we emerge from the crisis.
There was also a missed opportunity to address the tax imbalance between online and high street retail. This is an accelerating trend that is destroying our town centres, and the pandemic has supercharged it. We may not have more opportunities to save the high street, so it is disappointing to see another one missed.
The Government talk a lot about building back better and meeting the productivity challenge, but I am not convinced at all that this Budget meets that challenge. Key to doing that will be rebalancing our economy, as imbalances between and inside regions are directly linked to productivity gaps. That is why tackling regional inequalities is so important. In theory, that is what levelling up is intended to do, but if this Budget is anything to go by, it is not clear that the Government have any real idea what they are doing with levelling up. Pork barrel politics, tokenistic moves and asking local areas to go to central Government cap in hand, rather than devolving power and decision making to regions and communities, is not levelling up.
Finally, our NHS staff deserve more than warm words and applause. The Government should put their money where their mouth is and give our fantastic NHS workers the kind of pay rise they deserve. The 1% on offer, a real-terms cut after the work that they have done throughout the pandemic, is an absolute insult. What the country needed was a bold Budget based on a credible strategy for economic recovery from the covid crisis, but unfortunately there does not seem to be a plan.
(3 years, 9 months ago)
Commons ChamberAs previously mentioned, the Department has engaged ACAS to hold discussions to generate valuable evidence about the use of fire and rehire. The Government will communicate our response to the evidence in due course.
Warm words from the Minister, but fire and rehire is an outrageous tactic that is sadly growing in popularity. The latest large company to jump on the bandwagon is Tesco, where staff at the Livingston depot are facing pay cuts of between £4,000 and £13,000 a year—this while profits are soaring thanks to these same essential workers who have worked tirelessly throughout the pandemic to keep families fed. When will the Government do what it takes to stop Tesco and other rogue bosses ripping off their workers? Or will they just wring their hands and wait for a report that they will simply ignore? We want action, Minister.
Having worked for a retailer—Sainsbury’s—for 13 years, I would like to acknowledge the hard work that we know all the people in retail do. However, I reiterate that the Department engaged ACAS to hold discussions in order to generate valuable evidence on the use of fire and rehire.
(4 years, 6 months ago)
Commons ChamberAs of 1 May, over £4.7 billion-worth of loans have been issued under the coronavirus business interruption loan scheme to 29,496 businesses. From today, businesses will be able to access our new bounce-back loans of up to £50,000 by filling in a simple, quick application. Those will be backed by a 100% Government guarantee.
My hon. Friend raises an important point. As I said in answer to an earlier question, I have been talking to the largest lenders. I spoke to them particularly over the bank holiday weekend, to ensure that they were putting in place sufficient measures and more people to process loan requests quickly. I believe that they have recognised the challenge and are stepping up to it. He will know that we have made changes to the CBIL scheme to make it more accessible, extending it to all viable small businesses, removing the forward viability test, encouraging automated credit checks and, of course, banning all personal guarantees for loans under £250,000.
I welcome what the Secretary of State just said, but in my area, businesses are still reporting complications with the scheme, which is hampering their speed and eligibility to access the loans. No cap has been placed on the interest rates that can be charged, and some banks in Greater Manchester are offering interest rates of up to 20%. There are also difficulties in getting through to banks to apply. Can the Secretary of State tell me what he is doing to sort this urgently, so that small businesses can access this vital support?
We are all aligned in our wish to make sure that these loans are getting out to businesses, and I believe that is starting to happen. On interest rates, of course, I have had those discussions on a very granular basis with banks, and they have recognised, on the CBIL scheme, where we are providing an 80% guarantee, that there is a requirement to reflect that in the interest rate. Furthermore, as the hon. Gentleman will know, the interest rate on the bounce-back loans, which have just been announced, is set at 2.5%, and of course the Government have taken care of the first year of interest.
(8 years, 2 months ago)
Commons ChamberI welcome any good news for the British economy, and although I voted remain, I agree 100% that we should be talking up our prospects and not talking them down. On the conversations that we have had, I simply say that the chairmen I have spoken to have expressed some desire for more certainty but are fundamentally optimistic about local prospects and keen to get on with it.
There is a British jurisdiction that is entirely accessed, by road, air and sea, through another European Union member state—the British overseas territory of Gibraltar. People there are absolutely of the opinion that they need to retain access to the single European market. What discussions has the Minister had with his Gibraltarian counterparts to make sure that that happens?
(8 years, 2 months ago)
Commons ChamberThe hon. Gentleman is wrong. I trust him, and I know that he cares deeply about this issue; I think he knows that I do, too. The olive branch that I extended to the Secretary of State was a genuine one. This is something that I had been told the Government wanted to do; indeed, they stated publicly on many occasions earlier this year that that was the case. However, I had been told that they had been unable to find the time to do it yet, so I decided that this would be an opportunity for them to make time. This is therefore a matter of deep regret to me. I am sure that the Minister will come to the Dispatch Box in due course and explain to us precisely why it was impossible to take this opportunity to table the Command Paper yesterday or the day before and to use this parliamentary time to enable us in the House of Commons to vote to ratify the treaty.
I am pleased that my hon. Friend has secured this time to debate these matters. The United States of America, China and France have already completed ratification, and other G20 countries such as Brazil and Germany have pledged to do so by the end of the year. All we are asking this Government to do is to set out precisely what the timescale is going to be for the United Kingdom to ratify this important piece of work, but we are not getting any answers from them.
My hon. Friend is absolutely right, but I really hope that we can make some progress this afternoon. The right hon. and hon. Members in the Government Front Bench team know that I have respect for them and that I do not seek to be partisan on this matter, but I will attack them if they do not keep to their commitments and I will continue to do so.