Student Loan Book: Sale

Debate between Barry Sheerman and Sam Gyimah

Thursday 11th October 2018 Commons Chamber

[Mr Gyimah]

My hon. Friend has my categorical assurance that that will not happen.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

The Minister must know that those in the financial services sector—the sort of people who buy these loan books—are the least trusted people in this country. Is it not a fact that there are hundreds of thousands, if not millions, of former students out there with some £50,000 of personal debt who are extremely worried about what will happen to the debt sold to these unscrupulous people?

[Mr Gyimah]

The loans we currently have are income contingent and are collected through the tax system, so even when the loans are sold off, the new owner of the loans has no means or mechanism to contact the students or chase them for payment.

Oral Answers to Questions

Debate between Barry Sheerman and Sam Gyimah

Tuesday 17th July 2018 Commons Chamber

[Mr Gyimah]

My hon. Friend makes a very important point. Our research and innovation collaboration is important in what we do with the EU, but also globally in what we do around the world. That is why UKRI has established a new £110 million fund to explore and develop international partnerships with leading science and innovation regions. We will also bring forward an international science strategy in the autumn.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

The Minister knows that many people working in our universities—brilliant scientists and innovators—are not on gold-plated pensions and do not have inherited wealth, like some of his hon. Friends. Will he look at universities in the United States, such as Cornell University, which have different ways of paying and incentivising research on those campuses?

[Mr Gyimah]

Just focusing on the substance of the hon. Gentleman’s question—[Interruption.] The reason behind UK Research and Innovation, which brings together all the research agencies in the UK, is that, for the first time, we have a strategic brain to direct UK research so that we can allow innovation and ingenuity to flourish in our universities. That is the best way to create returns that benefit the economy but also the best minds in our country.

Nuclear Sector Deal

Debate between Barry Sheerman and Sam Gyimah

Thursday 28th June 2018 Commons Chamber

[Mr Gyimah]

We can always on my hon. Friend for a very precise question. We expect, by 2030, a 30% reduction in the cost of new-build projects. We also want, by 2030, to improve diversity across the sector by achieving 40% female participation, as I mentioned. Again by 2030, we expect to achieve savings of 20% in the cost of decommissioning.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

Is the Minister aware that I spent seven happy years as a councillor in Lliw Valley near Swansea in south Wales? I am therefore very disappointed that this morning’s announcement, which I welcome, could not have been combined with the right decision this week on the Swansea Bay barrage scheme. While I am in favour of small nuclear energy initiatives and hope they will spread, is there not still a question mark over what we do with nuclear waste? We still have not resolved that, and it is still a real problem and a real challenge for our society. Will he give an assurance that we will have an answer?

Oral Answers to Questions

Debate between Barry Sheerman and Sam Gyimah

Tuesday 13th March 2018 Commons Chamber

[Mr Gyimah]

Some £15 million of growth deal round 1 money has already been invested in Stevenage, and that has helped to leverage a commitment of £350 million of private investment into the town. My hon. Friend raises an issue of concern, and I urge him to speak to the Secretary of State for Housing, Communities and Local Government to resolve it.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

May I invite the ministerial team to step out of its bubble by coming to Yorkshire and talking to our local enterprise partnerships to respond to their pessimism that while London and the south might survive post Brexit, the midlands, the north and the regions will be in bitterly disappointed territory?

[Mr Gyimah]

The hon. Gentleman talks manufacturing down, but manufacturing is doing incredibly well in the north of England. He will also be aware that “place” is one of the five pillars of our industrial strategy, and we are determined to deliver across the country.

Office for Students

Debate between Barry Sheerman and Sam Gyimah

Tuesday 27th February 2018 Commons Chamber

[Mr Gyimah]

The right hon. Gentleman is someone who likes to have perspective and a balanced view on things, and he will know that Toby Young also set up a free school mainly to give disadvantaged people in some of the poorest parts of our country the excellent education they deserve so that they can improve their prospects in life. Yes, there are issues here that are questionable, but we always need a sense of perspective when we consider such things. Some of the things that Toby Young did are admirable and laudable, and those are the reasons why he was considered to be a serious candidate for the job.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

I beg the Minister to stick to the point. We do not live in some Soviet or Putin-style kleptocracy; we are supposed to be living in a modern parliamentary democracy in which public appointments are done properly, with scrutiny and transparency. That certainly has not been the case with this appointment, and it certainly was not the case the other day when the proposed chair of the Charity Commission was unanimously rejected by the Select Committee on Digital, Culture, Media and Sport. Why cannot the Government get this right?

[Mr Gyimah]

It is precisely because we live in a well-functioning democracy that we are here and you—not you, Mr Speaker, but the hon. Gentleman—can ask those questions. For perspective, there were 15 appointments to the board. There are question marks, quite rightly, over the appointment of Toby Young and the process for the student representative, but 15 candidates were appointed to the board.

Oral Answers to Questions

Debate between Barry Sheerman and Sam Gyimah

Tuesday 30th January 2018 Commons Chamber

[Mr Gyimah]

My hon. Friend is absolutely right. We are committed to supporting businesses in Mansfield through the D2N2 Growth Hub. Since its launch, it has engaged more than 5,100 businesses. He mentions young people in his constituency. The message from this Government is that we will support those who think university is the best route towards building the future they want and that we will also support those for whom apprenticeships or a non-university route is the best route. We do not want to put a limit on aspiration, whatever that aspiration may be.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

I know that the Minister is new in his post, but he needs to wake up, for goodness’ sake. There is chaos and meltdown in the apprenticeship scheme, with a 62% drop in apprenticeship starts and further education colleges in bankruptcy. Small individual employers in the textile industry cannot get their apprenticeships through. Get a move on—do something about it, man!

[Mr Gyimah]

I welcome the characteristic passion with which the hon. Gentleman delivers his question, and I share his objective in that we both want the best future for young people. As he knows, the apprenticeship system is going through a change. It will now be employer-led with a focus on quality. We are in the first year of the levy operating and we did expect a bit of a dip, but this situation will recover to deliver the future for our young people.

Oral Answers to Questions

Debate between Barry Sheerman and Sam Gyimah

Tuesday 5th September 2017 Commons Chamber

[Mr Gyimah]

My hon. Friend has lighted on an important principle. Work in prison is vital to preparing prisoners for life after release—North Sea Camp has an excellent example—which is why I am supporting the New Futures Network to develop relationships between employers, governors and the world of work. I would be delighted to visit North Sea Camp in due course.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

I have never heard such complacency from the Government. The Prison Service is a shambles, and at the heart of that shambles is the lack of education, the lack of literacy, the lack of numeracy and the lack of apprenticeships—services that, as they are for our Scandinavian brethren, should be in every prison. When is the Minister going to wake up?

[Mr Gyimah]

The hon. Gentleman has come back from his summer holiday with his customary passion. I agree that if prisons are to work properly we need to give people the opportunity to turn their lives around. Prison reform is important to this Government. That is why we are giving governors more control of their budgets and more freedom to implement the plans that are necessary for offenders to turn their lives around. I share his concern and his passion, and such work is a priority for this Government.