(1 year ago)
Commons ChamberIt would not be right to pre-empt the Chancellor’s autumn statement, but let me just say this: I am proud of the Government’s record in supporting those with disabilities. Not only have we closed the disability employment gap and increased the number of employers who are now disability confident, we are also making sure that we support those who are most vulnerable in our society, not least with the cost of living payments this year, which include £150 for all those on means-tested disability benefits.
My hon. Friend is right. I am proud that since 2010 we have created 5.5 million apprenticeships. That is the difference between us. We now know that the Labour party wants to halve the number of apprenticeships if it is in office. Meanwhile, we want to make an apprentice Education Secretary. My hon. Friend is right. Labour’s plans to borrow £28 billion a year would just push up inflation, interest rates and taxes, undermining all the progress we have made on the economy. It is only the Conservatives who will give people the opportunity to build wealthier, more secure lives for them and their families.
(1 year, 2 months ago)
Commons ChamberWe are getting on for the British public. Just in the last week we have announced a new landmark deal for British scientists and attracted £600 million of new investment for our world-leading auto industry, and wages are now rising at the fastest rate on record. And where has the right hon. and learned Gentleman been this week? Locked away with Labour’s union paymasters, promising to give them more power and to scrap the laws that protect British families and their access to public services. It is clear that it is only the Conservatives who are on the side of the hard-working British public.
My hon. Friend is absolutely right to raise that, and we will look into the issue. He will be reassured to know that we are investing £3 billion a year in dentistry. There is no geographical restriction on which dental practice a patient may attend and practices should keep all their records up to date, including whether they are accepting new patients. Typically, where a practice ends a contract, NHS England and ICBs should work together to ensure that funding is reallocated and patients continue to have access to NHS dental care.
(1 year, 2 months ago)
Commons ChamberMy hon. Friend makes an excellent point about the need to improve our economic resilience and security, which is why that is an increasing feature of the partnerships and agreements that we strike around the world. Indeed, it was a feature of the partnership agreement that I struck with Japan when I was there and with the US when I visited recently. I spoke to President Biden and Prime Minister Kishida about those agreements and the work that we are doing. In both cases, there are milestones for us to meet with regard to strengthening our co-operation on critical minerals in particular.
I welcome my right hon. Friend’s statement. He rightly highlighted the importance of international trade and the progress that he has made, including new partnerships joined. Will he perhaps give a bit more detail on the progress made on securing a UK-India deal?
We do make, and have made, substantial progress, but as I said, there is hard work left to do and that is why we will we keep at it. But it is right that we do not put arbitrary deadlines on these trade deals and that we keep going until they work for the British people, British companies and the British Government. That is what we will endeavour to do. As I say, we have made lots of progress, but we will not sign a deal unless it is right for the United Kingdom.
(1 year, 4 months ago)
Commons ChamberThose countries in particular value their relationship with the UK. The meetings I had over the past couple of days evidenced that. I pay particular tribute to their leadership on this issue, supporting Ukraine and setting an example when it comes to defence spending. That is why with Poland in particular we have a close and growing defence and military relationship, which will only become a more significant part of the NATO alliance in the years to come.
I congratulate my right hon. Friend on the leadership he has shown in this highly successful summit. I particularly welcome the broadening of this critical alliance. It was good to hear his confirmation of our ambition to reach 2.5% of GDP spending on defence, and the progress made to encourage others to do the same. Can my right hon. Friend comment on how NATO is utilising new technologies to ensure it remains at the cutting edge?
My hon. Friend makes an excellent point. We have to keep on the cutting edge of new technologies to maintain our military superiority and advantage against adversaries. The UK is playing its part in two ways: we will host the European headquarters of DIANA—the defence innovation accelerator for the north Atlantic—and last year saw the announcement of a €1 billion innovation fund, the first sovereign venture capital fund of its type, which will ensure that we can continue to invest in those critical technologies that provide a security advantage.
(2 years ago)
Commons ChamberWe have given that commitment, including to £11.6 billion for international climate finance. However, as we have discussed, this is not just about what the Government can do; we need the private sector and private finance to help with the transition. That is why all the changes that we are making to the financial system are equally important, because that is where we will unlock the trillions of dollars required.
Across the world, economies are facing huge challenges caused by Putin’s war in Ukraine. Does the Prime Minister agree that tackling climate change and achieving energy security are aligned and that the war in Ukraine has made progress on domestic, sustainable energy production even more urgent?
(2 years, 6 months ago)
Commons ChamberI think that the official Labour party view is that the windfall tax would raise £2 billion. The way we have structured ours means it will in fact raise £5 billion, which is a significant amount of revenue that will help fund the things we have announced today.
I particularly welcome the support that my right hon. Friend is giving to those most impacted by this surge in inflation. As part of his excellent statement, he highlighted supply-side reforms that will be most important in the medium term but will take some time to come through. Could he perhaps give a little more information about those supply-side reforms that he is intending?
My hon. Friend speaks with experience on this matter, given his previous roles.
I will give a couple of examples. One we have touched on, which is energy supply and making sure that we can improve it, but there is also the labour market, which we know is tight. That is why it is important that we move people off welfare and into work and reform high-skill migration. Beyond that, we will go after all opportunities across all sectors where we can deregulate and improve our productive capacity.
(2 years, 8 months ago)
Commons ChamberWe already acted in the spending review last autumn to outline billions of pounds to improve the energy efficiency of hundreds of thousands of homes across the country. The hon. Lady is right to say that that saves £300. We have grants available of up to £20,000, depending on the scheme, that will do that over the remainder of this Parliament. Also, the energy company obligation does the same thing for hundreds of thousands of people in fuel poverty through their energy bills. So we already did it; we are getting on with it. And I think she missed the fact we have just cut VAT today on energy-saving materials.
I welcome the statement from the Chancellor today, and in particular the way in which the most support is being provided to those who will need it most. Can I ask specifically about the section on the research and development review? Much of our economy is going digital and we are seeing an increasing focus on the knowledge economy and the creative sectors. Will that be at the core of his investment plans for the future, since that is how we will secure future growth?
My hon. Friend, as ever, makes a thoughtful point. Innovation, broadly defined, along with multi-factor productivity, accounts for about half our productivity growth. The pace has slowed recently and we need to reinvigorate it. I set out a strategy to do that at the Mais lecture, and key to that will be driving up private sector investment in R&D and innovation. The tax cuts and reforms we will put in place in the autumn will help us to achieve that end.
(2 years, 10 months ago)
Commons ChamberI am grateful for my hon. Friend’s support, and I am glad that this announcement will provide some reassurance to his constituents, who I know would be worried about the cost of living. I have heard warm noises about his fusion project from my right hon. Friend the Secretary of State for Business, Energy and Industrial Strategy. We announced, I think, £120 million for advanced nuclear technologies in the spending review, and there is no doubt that there is a productive conversation to be had about how we allocate that money to projects such as his.
I thank my right hon. Friend for today’s statement, and for confirming that this significant £9 billion package is going to be targeted at those who need help most. He also highlighted that 80% of cost increases are coming from the global wholesale price increase, so is he going to continue his focus on trying to insulate the UK as much as possible from those global price fluctuations, increasing our energy security, boosting domestic production and ensuring that our energy supply is diverse in nature, sustainable for the future and significant in scale?
My hon. Friend is absolutely right. It is important that we have diversity of supply: that is what we are doing, whether through offshore wind, nuclear, carbon capture and storage, or exploiting domestic gas. We are doing all those things to build diversity of supply for our security. My hon. Friend is right to highlight that, in the long term, that is the right policy for British customers.
(2 years, 12 months ago)
Commons ChamberHarrogate has been the trial and development location for universal credit, and I have seen how it helps people make work pay. Does my right hon. Friend the Chancellor agree that rolling it out further, and migrating people currently on legacy benefits, will help even more people make work pay?
My hon. Friend is absolutely right. This Government are committed to making sure that work always pays, and that is why universal credit is such an improvement on the previous system—an improvement that the Opposition did not support at all.
(4 years ago)
Commons ChamberNo, it has not been shelved, and I can he tell the hon. Lady that there is extra funding in this spending review for youth services. There is an amount of money for extra capital projects for youth clubs and, of course, funding for the National Citizen Service. More generally, the Government will review their approach to all youth services later this spring, and my right hon. Friend the Secretary of State will set out the details in due course.
I welcome the focus on infrastructure in the statement. As my right hon. Friend knows, I chair the all-party parliamentary group on infrastructure, and I can tell him that the industry has been looking for the certainty that he is providing today. Does he agree that that certainty will allow the industry to plan better and, through that, to deliver better value and develop skills programmes, including apprenticeship programmes?
My hon. Friend is absolutely right. It is because of that multi-year certainty, particularly on the capital side, that we can deliver projects more efficiently, faster and at lower cost. That certainty also helps the supply chain to take on new apprentices—helped, indeed, by our apprenticeship bonus as well. He is absolutely right to say that we must train the next generation and create jobs as we deliver this infrastructure, and that is exactly what we are doing.
(4 years, 1 month ago)
Commons ChamberI have every sympathy with the hon. Gentleman’s constituent—I know what a difficult time it must be for him and his team and for those in similar industries—but actually I think that the support provided already will help him. The pub will be eligible for a business rate cash grant of up to £3,000 per month that he remains closed under tier 3 restrictions; across the UK, it will vary by place, but that should largely cover the vast majority of small and medium-sized pubs’ rental bills for that time. Of course, the five team members that the hon. Gentleman mentions could be put on the expanded job support scheme at essentially no cost to the employer. Those employees’ wages will be protected and covered by the Government.
I congratulate my right hon. Friend on his statement and thank him for all he is doing. Harrogate and Knaresborough is at the medium level, tier 1, but areas surrounding it are in the higher tier 2 category. Businesses have noted that with concern and are worried about what might happen should the position change and our tier be increased. The enhanced package will therefore be welcomed; I welcome it strongly. Does my right hon. Friend agree that the reduction in employer costs will result in more jobs being saved?
As ever, I thank my hon. Friend for his thoughtful comments. He is right. That is why we took the decision to make this a universal approach, with enhanced generosity, to deal with the situation he mentioned of businesses operating in proximity to other areas under restrictions—those supply chains. This is a universal, generous approach, designed, as he said, with a lower employer contribution, to make sure that we can protect and support as many jobs as possible.
(4 years, 2 months ago)
Commons ChamberThe eligibility conditions will remain as they are, with refinements to make sure that businesses are still trading over the winter and to recognise that they have suffered and are suffering an impact on revenues through coronavirus. The reasons for those eligibility criteria are well documented and have been discussed in this House many times, so I will not recap exactly why they are there, but it is worth bearing in mind that the extension of this support means that we have provided more support to 2.5 million self-employed people, which is considerably more than any other country has and for a longer duration.
I welcome the significant and wide-ranging package that my right hon. Friend has introduced, and I want to focus on one element of it, cash flow, which is always a critical issue for businesses. Bounce back loans have been used by over 1 million companies across the UK, including 1,794 in Harrogate and Knaresborough, which have taken out loans worth more than £51 million. I therefore welcome the new pay as you grow scheme, which means that businesses will now enjoy greater flexibility to repay their loans over a longer period. Does my right hon. Friend agree that that will be of great value to businesses and that extending the terms to 10 years will halve the average monthly repayments?
My hon. Friend knows from his own business career the importance of cash flow, and he is absolutely right. He mentioned the almost 2,000 businesses in his constituency; on average, they probably took a bounce back loan of about £30,000. This extension to 10 years will reduce the average monthly repayment from something over £500 to just around £300, which will provide thousands of pounds of cash-flow relief to his 1,800 businesses, but also to 1 million others around the United Kingdom.
(4 years, 5 months ago)
Commons ChamberNo, I do not believe that now is the time, or ever would be the time, for a wealth tax. Now is the time to recognise the acute challenge that we face of unemployment and now is the time to act decisively and with compassion to provide hope and opportunity to the hundreds of thousands of young people, especially, who are at risk of scarring and losing the future that they deserve. That is why we have put in place the measures today, and that is what the focus should be on.
I congratulate my right hon. Friend on his statement. Young people are perhaps more at risk from the economic impact of coronavirus, so I was very pleased to see the introduction of the kick-start programme. Does he agree that a comprehensive package of support for apprenticeships and traineeships, and other support too, will allow young people to acquire the skills they need to take the opportunities of the future?
My hon. Friend is absolutely right. We cannot afford to lose this generation; they cannot be the generation that is defined and scarred by coronavirus. That is why, as he rightly identifies, we have put in place a suite of interventions, from traineeships to apprenticeships to the kick-start fund, all designed to help that generation to a better and a brighter future.