Oral Answers to Questions Debate
Full Debate: Read Full DebateBarry Sheerman
Main Page: Barry Sheerman (Labour (Co-op) - Huddersfield)Department Debates - View all Barry Sheerman's debates with the Department for Digital, Culture, Media & Sport
(6 years, 2 months ago)
Commons ChamberIt is also worth noting that the west midlands has a young and diverse range of Members of Parliament too, but my hon. Friend is right: it is important for Channel 4 that it has the benefit of the talent that the many regions of the UK can bring to it. I hope that it will pursue that objective, whether it locates itself in Birmingham or in any of the other candidate cities.
I know that the Secretary of State has to be careful in this matter, but will he carefully consider the bid from West Yorkshire, and Leeds in particular? It is a centre of creativity and of innovation, and is much neglected. Will he bear it in mind that many of these towns and cities with elected mayors with vast resources are spending tens of thousands of pounds on their presentations? We in Leeds and West Yorkshire cannot afford that sort of money.
I understand the point that the hon. Gentleman makes. Channel 4 is fortunate in that it has to choose from a number of strong bids from a number of excellent places, but, as I said, this is a decision that Channel 4 must make, and it must do so on the basis of its own requirements, as well as what I hope will be its motivation to spread opportunity across the United Kingdom.
Yes, the hon. Gentleman is absolutely right to raise the excellent Glasgow example. I am making plans to visit Glasgow as soon as possible. Only last month I spoke to the Scottish Law Officers about their experience. I am deeply interested and want to learn more as quickly as possible.
Serious fraud losses are estimated at over £190 billion a year. The SFO is an essential component of our national effort against financial crime. It is responsible for some of the largest and most complex cases. In the past five financial years, 25 out of 30 of its prosecutions resulted in convictions, which is a rate of 83%. I thank Sir David Green for his leadership and guidance in the last six years of momentous legislative change. The SFO is an important and central player, and it will remain so with the Government’s commitment. It is a vital part of our national effort against fraud.
The Attorney General knows that I have a keen interest in this area and that I, like many Members on both sides of the House, want to see an effective and efficient Serious Fraud Office. We are still seriously concerned that if the SFO is not resourced well enough, and does not have enough staff and sufficient budget to do the job, it will increasingly become reliant on the big accountancy and legal firms. He knows the problem, so will he meet a few Members from across the parties to talk about this?
I am always willing to have a constructive dialogue with the hon. Gentleman and any Opposition Member, but I must say that I do not recognise the problem. I have inquired into this issue with the SFO and there is no significant commissioning of the big four. We have increased the SFO’s core budget and we are still making available blockbuster funding for large cases. With the new director giving fresh energy and a fresh perspective to the leadership of the SFO, I hope that we shall see an already good performance much improved.