Economic Situation

Ben Bradshaw Excerpts
Wednesday 12th October 2022

(2 years, 2 months ago)

Commons Chamber
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Chris Philp Portrait Chris Philp
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I thank my right hon. Friend for his suggestion about Odesa. I know that he is an expert in military matters and matters of international diplomacy, and that he has been to Ukraine in the past 12 months. I will pass his suggestion on to my colleagues.

Ben Bradshaw Portrait Mr Ben Bradshaw (Exeter) (Lab)
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I do not think that Ministers appreciate the gravity or urgency of the situation. We have a Prime Minister who committed to no spending cuts a few minutes ago, a Government still committed to tens of billions of pounds of unfunded tax cuts and the Bank of England withdrawing its special support on Friday. What are the Government doing to avoid a market crash this Friday?

Chris Philp Portrait Chris Philp
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The reason that, on the second day of the new Government’s term in office, we brought forward the energy price guarantee was to protect consumers and in effect lower inflation by 5% compared with where it would otherwise be. We legislated at pace yesterday to alleviate the burden of the national insurance increase, which Opposition Members enthusiastically voted for. In terms of markets, as I said, we are in regular contact with the Bank of England and have complete confidence in its ability to manage systemic financial stability.

Oral Answers to Questions

Ben Bradshaw Excerpts
Tuesday 15th March 2022

(2 years, 9 months ago)

Commons Chamber
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Helen Whately Portrait Helen Whately
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My hon. Friend is a fabulous campaigner for Darlington, as evidenced in all the funding that his local town has secured. I am a regular visitor to Darlington, as are my Treasury colleagues, and have seen those investments already making a difference. He asks about the second round of the levelling-up fund. It will open for business this spring, with further details to be published shortly.

Ben Bradshaw Portrait Mr Ben Bradshaw (Exeter) (Lab)
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12. What steps he is taking to tackle illicit finance.

John Glen Portrait The Economic Secretary to the Treasury (John Glen)
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We continue to review and reform our regulatory and enforcement approach to ensure that, as illicit finance evolves, our responses do too. We have announced an unprecedented package of sanctions, including against prominent Russian oligarchs. Last night, we brought forward the Economic Crime (Transparency and Enforcement) Act 2022 to crack down further, and we will continue to do further work on the economic crime Bill in the next session. We have also brought a new kleptocracy cell into the National Crime Agency to tackle those explicit threats.

Ben Bradshaw Portrait Mr Bradshaw
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But it took a group of anarchists to seize Deripaska’s London mansion yesterday, so when will the Minister do what Europe and America have already done and seize rather than just freeze Putin’s cronies’ assets? When will he close the loopholes that still allow them to escape sanction by putting their assets in their family members’ names or using shell companies based in British overseas territories?

John Glen Portrait John Glen
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The Government have worked closely with the US and the EU on a whole range of interventions. We have sanctioned 500 individuals and entities, including 386 members of the Russian state Duma. We have also worked with the US on the expulsion of banks from the SWIFT banking system, cut off 3 million Russian companies from capital markets and seen $250 billion wiped of Russian stocks. We will continue to work closely with our allies to ensure that our response continues to be comprehensive.

Prime Minister’s Chief of Staff Appointment

Ben Bradshaw Excerpts
Monday 7th February 2022

(2 years, 10 months ago)

Commons Chamber
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Ben Bradshaw Portrait Mr Ben Bradshaw (Exeter) (Lab)
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But being chief of staff to any Prime Minister is more than a full-time job—and to this Prime Minister, with everything we know about him, it is an impossible one. Just look at the collateral damage of those who have fallen by the wayside having come within close proximity of him. How will the right hon. Member for North East Cambridgeshire do all those jobs and serve his constituents?

Michael Ellis Portrait Michael Ellis
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In the same way, if I may suggest, that the shadow Chancellor of the Duchy of Lancaster can also be the shadow Minister for the Cabinet Office, shadow Secretary of State for the future of work, shadow First Secretary of State, deputy Leader of the Opposition, deputy leader of the Labour party and Member of Parliament for Ashton-under-Lyne—highly accomplished appointments.

Downing Street Parties: Police Investigation

Ben Bradshaw Excerpts
Tuesday 25th January 2022

(2 years, 10 months ago)

Commons Chamber
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Michael Ellis Portrait Michael Ellis
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My right hon. Friend is right, and we would be in lockdown now were it not for this Prime Minister.

Ben Bradshaw Portrait Mr Ben Bradshaw (Exeter) (Lab)
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Is the Prime Minister not simply compounding his previous terrible mistakes by continuing to deny culpability, leading to an unnecessary and expensive police inquiry, when he could do the decent thing and resign?

Michael Ellis Portrait Michael Ellis
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I am sure that the right hon. Gentleman would expect fairness to apply to all in this country, whether that is to one of his constituents or to one of mine, and I would hope and expect that he would not wish to see unfairness for anyone. What we are doing at the Cabinet Office is co-operating with a police investigation. That will carry on and take its natural course, as police investigations invariably do, in an orderly way, unencumbered by interference from the Executive.

Downing Street Garden Event

Ben Bradshaw Excerpts
Tuesday 11th January 2022

(2 years, 11 months ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

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Michael Ellis Portrait Michael Ellis
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The Prime Minister focuses on the primary purpose of running this country, which is to deliver on the manifesto promises of this Government. The primary purpose of the investigation will be to establish swiftly a general understanding of the nature of the gatherings that we have been hearing about, which will include attendance, the setting and the purpose. I know that the hon. Gentleman is inclined to presuppose the result, but the fair approach would be to wait until the results of the investigation, which has been commissioned for several weeks now.

Ben Bradshaw Portrait Mr Ben Bradshaw (Exeter) (Lab)
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If the Prime Minister broke the law, he will resign, won’t he?

Michael Ellis Portrait Michael Ellis
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It is an entirely hypothetical position. The Prime Minister is going nowhere. The right hon. Gentleman seeks to draw me into making a supposition about the result of any inquiry, but the Prime Minister retains the confidence of the people of this country, and he did so two years ago with the biggest majority in decades.

Northern Ireland Protocol: EU Negotiations

Ben Bradshaw Excerpts
Thursday 18th November 2021

(3 years, 1 month ago)

Commons Chamber
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Michael Ellis Portrait Michael Ellis
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I do not recognise the hon. Gentleman’s characterisation of the rhetoric. This is a negotiation. We want a settled solution. That is our preference and that is what the negotiations with Vice-President Šefčovič are currently doing, but we do have article 16 as a viable safeguard.

Ben Bradshaw Portrait Mr Ben Bradshaw (Exeter) (Lab)
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What assessment have the Government made of the damage to the UK economy as a whole and our standing in the world were the Government to trigger article 16 and it result in a trade war with the EU?

UK-EU Future Relationship Negotiations and Transition Period

Ben Bradshaw Excerpts
Monday 7th December 2020

(4 years ago)

Commons Chamber
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Penny Mordaunt Portrait Penny Mordaunt
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I can give my hon. Friend and his constituents those assurances. This is an incredibly serious matter. The supply of medicines and medical devices, even without the pandemic, has always been a priority, going right back to last year and the potential no deal scenario planning that went on, with huge efforts. His question affords me the opportunity to pay tribute to the civil servants, military personnel, local resilience forums and many other people who have been planning and conducting exercises—and of course all the people who have been working on the winter planning assumptions around that. I can give him those assurances that we take this very seriously indeed.

Ben Bradshaw Portrait Mr Ben Bradshaw (Exeter) (Lab)
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Those assurances were flatly contradicted only last week by the head of the UK’s pharmaceutical industry, Richard Torbett, who said that border delays and, crucially, the absence of mutual recognition standards in the event of no deal will disrupt the supply of vital medicines to this country, including vaccines. Why should we believe Government Ministers rather than the man who heads our multibillion-pound medicines industry and knows what he is talking about?

Penny Mordaunt Portrait Penny Mordaunt
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There are many potential problems, but those problems have been methodically thought through. As I say, they range from administrative issues that the right hon. Gentleman refers to, right through to freight transport issues, including our securing back-up plans if commercial transport is not available or we have issues of pinch points on the key transit routes. In addition to that, and in addition to the phased approach to the border that is being taken next year, we have also, for the first few weeks, put additional measures in place to really try to ensure that there are no delays and no snarl-ups on those key freight routes.

Economic Outlook and Furlough Scheme Changes

Ben Bradshaw Excerpts
Tuesday 16th June 2020

(4 years, 6 months ago)

Commons Chamber
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Jesse Norman Portrait Jesse Norman
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As a former Health Minister, my hon. Friend will understand very well the importance of this issue, and I thank him for raising it. This question is very much one that is being discussed across Government at the moment. One of the few silver linings to this crisis has been the understanding that, actually, the nature of work is changing as between home and work. One of the things that has not received much notice but I am intensely proud of is the way in which HMRC has been able to organise itself into much more of a disaggregated place in order to support from home all the services that it continues to deliver.

Ben Bradshaw Portrait Mr Ben Bradshaw (Exeter) (Lab)
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I warmly welcome the Government’s U-turn a moment ago on school meals and any role the Treasury might have played in that decision. Given its devastating impact on jobs, the wider economy and, indeed, Treasury receipts, and as the rest of Europe is opening up, may we please have a U-turn on the Government’s ridiculous quarantine policy?

Jesse Norman Portrait Jesse Norman
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I am afraid I am not qualified to comment on the ridiculousness or no of the quarantine policy. It remains in place in order to protect people, and it will be for colleagues to make a decision about that in due course.

Oral Answers to Questions

Ben Bradshaw Excerpts
Tuesday 11th February 2020

(4 years, 10 months ago)

Commons Chamber
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John Glen Portrait The Economic Secretary to the Treasury (John Glen)
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I thank my right hon. Friend for his comments, and I am very pleased that the breathing space scheme is moving forward. We published the impact assessment last week, and 700,000 people will benefit from the scheme next year when it comes into force. That number will rise to 1 million in the following year.[Official Report, 24 February 2020, Vol. 672, c. 2MC.]

Ben Bradshaw Portrait Mr Ben Bradshaw (Exeter) (Lab)
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Depending on which briefing to today’s newspapers was accurate, the infrastructure announcement will fund a grand total of either 250 or 1,000 miles of new designated cycleway. That is to be compared with the 1,800 being provided by the Labour Mayor in Manchester alone. How can a small city such as Exeter hope to get any of the help, resources or the powers it needs to deliver on the cycling infrastructure as it desperately wants to do?

Sajid Javid Portrait Sajid Javid
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I can tell the right hon. Gentleman that the announcement today was of £5 billion of fresh funding for local transport—buses and cycling. When it comes to cycling—something we all want made easier to access for all our constituents—there will be 250 miles of new dedicated cycle track.

HMRC Impact Analysis: Customs

Ben Bradshaw Excerpts
Tuesday 8th October 2019

(5 years, 2 months ago)

Commons Chamber
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Jesse Norman Portrait Jesse Norman
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I think most people would be surprised to hear me considered a member of the ideological fringes of any side of the political debate. We do not wish this country to have to incur this £7.5 billion cost, and we do not think it would be a good idea for the country to have a Labour Government who imposed twice that amount in corporation tax.

Ben Bradshaw Portrait Mr Ben Bradshaw (Exeter) (Lab)
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The Minister keeps claiming that his preference is for a deal, but is it not clear from the fictional briefing given by Dominic Cummings of the conversation between Chancellor Merkel and the Prime Minister today that the Prime Minister and Mr Cummings have absolutely no interest in a deal whatsoever? The tariffs proposed by the Government have been described by the normally mild-mannered and loyal hon. Member for Tiverton and Honiton (Neil Parish) as extremely disappointing. He says that no tariffs on imports but tariffs on exports will ruin the United Kingdom’s farming industry. In the past hour, the head of the National Farmers Union has called it a “betrayal of British farmers”. How does he respond?

Jesse Norman Portrait Jesse Norman
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I am not going to comment on the detail of tariffs, which were discussed in detail during an urgent question yesterday. I do not think there is any proper suggestion that the Government are in any sense comfortable about incurring these costs or any other costs. We would like to leave the EU with a deal, and the Chancellor of the Duchy of Lancaster and I have been working with colleagues around the clock for the past three months and longer to deliver it.