12 Charlotte Nichols debates involving HM Treasury

UK Economy

Charlotte Nichols Excerpts
Monday 19th February 2024

(10 months ago)

Commons Chamber
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Bim Afolami Portrait Bim Afolami
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When we are talking about people at the bottom end of the income scale, it is important to note that those on the full-time national living wage—which we will be increasing by the largest ever amount in April this year—will be 30% better off than they were in 2010.

Charlotte Nichols Portrait Charlotte Nichols (Warrington North) (Lab)
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News that the UK is officially in recession comes as no surprise to my constituents, who have been battered by this Tory cost of living crisis. Food inflation is still double the headline rate of inflation, and that is not only affecting the price of the weekly shop but having a hugely negative effect on my local pub and hospitality sector, with many businesses on the brink. Instead of their fantasyland spinning that everything is going fine, what measures will the Government introduce to bring food inflation down?

Bim Afolami Portrait Bim Afolami
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As I have said many times this afternoon, inflation is a target for this Government: we aim to ensure that we continue to bring it down, and indeed we expect it to get to 2% in the coming months. In relation to food inflation specifically, at the last fiscal event we introduced full expensing, which will enable food manufacturers, supermarkets and others to increase their investment hugely, because it completely nets off against their tax—100% of the cost of their investment is netted off. The impact will be increased investment that will reduce their costs and reduce the cost of food in our shops. That is one of many measures that we are introducing to reduce food inflation.

Downing Street Garden Event

Charlotte Nichols 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.

Each Urgent Question requires a Government Minister to give a response on the debate topic.

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Michael Ellis Portrait Michael Ellis
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I am appalled at the hon. Gentleman’s tragic loss, and I am so sorry to hear about his mother. My heart goes out to him and his family.

The Prime Minister knows the seriousness of covid-19 and, as the hon. Gentleman knows, he was in intensive care as a consequence of it. The Prime Minister also knows, having spoken to innumerable individuals who suffered loss themselves, that it has resulted in the death of many people in this country and around the world. He knows that, and he will never forget it.

I ask the hon. Gentleman to accept my assurance that the Prime Minister is someone for whom his responsibilities are writ large. He works hard in the interest of this country and he will be subject to Sue Gray’s investigation, together with her inquiry into all of these parties. I ask him to wait to see the result in, I presume, the relatively short time until we hear from Sue Gray.

Charlotte Nichols Portrait Charlotte Nichols (Warrington North) (Lab)
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A constituent of mine, who I will call Malcolm, got in touch this morning having been fined with a £100 fixed penalty notice for breaching the coronavirus regulations. He accepts his wrongdoing, but it strikes me as incredibly unfair that, at the same time as the Downing Street parties were happening and Ministers and MPs seemed to be flagrantly breaching the rules, constituents like mine should have to pay. When will Malcolm and everyone else who has been fined for breaching the regulations be getting their money back?

Michael Ellis Portrait Michael Ellis
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I presume that the hon. Lady’s constituent, together with others who have been penalised for breaching the regulations, was either duly convicted or accepted their responsibility. If I may say so, she is prejudging the matter. She should wait for the result of the investigation, just as Malcolm presumably did.

Better Jobs and a Fair Deal at Work

Charlotte Nichols Excerpts
Wednesday 12th May 2021

(3 years, 7 months ago)

Commons Chamber
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Charlotte Nichols Portrait Charlotte Nichols (Warrington North) (Lab)
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I am glad we are now at the stage of talking about building back and not just mitigation of the worst of the pandemic. I thank the NHS for the success of the vaccine roll-out and look forward to the eligibility criteria reaching my age group later this year.

Social mobility and security at work have both gone backwards over the past decade, and this has been accelerated by the pandemic. The opportunities for those who are lucky enough to have wealth, property, high-paying jobs or, indeed, the ear of Government Ministers have rarely been greater, but for people without those privileges—those stuck on benefits, surviving week to week in insecure employment, just getting by or, indeed, the millions of self-employed and others who were excluded from the Government’s pandemic support—prices outstrip wages year on year and things get tougher. An ambitious Government could do so much—from banning zero-hours contracts and fire and rehire tactics to properly supporting people in setting up their own businesses and realising their potential.

I wish to focus my comments on three key sectors, the first of which is social care. The Government are again stalling their years-delayed promise to fix social care. As well as the financial hardship and heartbreak that so many families suffer, social care staff remain shockingly underpaid. Before being elected to this place, I represented social care workers as a trade union officer. They are truly dedicated and caring, doing the jobs that we choose not to, yet the average care worker in England is paid £8.80 an hour, and a third of care workers are employed on zero-hours contracts. They deserve so much more than empty applause.

Secondly, we know about the repeated body blows that all parts of the hospitality have suffered over the past year, but there has been a particular impact on young people just starting their careers. Two weeks ago, I met representatives from Greene King who said that 50% of their 40,000 employees are under the age of 25. Hospitality is part of the answer in that the sector can employ and train new staff swiftly, but we should also recognise the gap that has been left in the past year, when so many young people and students never had a chance to earn as they studied. As you will know, Mr Deputy Speaker, my constituency manufactures one fifth of the world’s gin. From speaking both to producers in the wine and spirits sectors and to smaller breweries locally, I know that the limited support that pubs have had has not flowed through to the on-trade suppliers that have faced the knock-on impact of closures.

Finally, I want to bring up nuclear. I am proud that Warrington North has the fourth highest number of nuclear jobs in the country. They are highly paid, highly skilled, solid, secure, unionised jobs—the gold standard for what we should aim to expand. The Government are not doing enough to commit to new nuclear or to the new high-tech opportunities it would bring. We deserve better, and real ambition to improve the lives and life chances of British people. I worry that the agenda announced yesterday will not be enough, or ambitious enough, to build back better.

Contingencies Fund (No. 2) Bill

Charlotte Nichols Excerpts
Meg Hillier Portrait Meg Hillier
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It gives me pleasure to rise to speak on the Bill and perhaps slay some of the misstatements that I have already heard in the short while I have been in the Chamber.

First, I should point out to the hon. Member for South Cambridgeshire (Anthony Browne) that value for money in respect of taxpayer spending is not a new-found interest for most of us on the Opposition Benches. I have spent 27 years being responsible for either spending taxpayers’ money wisely or scrutinising that spending. I am very aware, as are the shadow Chancellor and her team, that every pound of public money saved is a pound to spend on something else. We may disagree about what that something else might be, but scrutiny is really important.

Contingencies Fund Bills are interesting pieces of legislation. They are about as old as the Public Accounts Committee, which I chair, and are an important mechanism for making sure that the Government cannot just routinely spend over budget. It is fair to say that in this House we are very bad at scrutinising Government spending. That is not down to individual Members or the official Opposition; it is because the structures of this place do not allow us properly to discuss estimates, excess votes and so on. In fact, some time ago the OECD said that as early as the 18th century our scrutiny of finances in this place was “reduced to hollow ritual.”

The change in this legislation, which will allow the increase in contingency funding, has been rushed through. I do not deny that it is necessary to have additional contingency. The way it works normally is that if a Department overspends on its budget as granted, albeit inadequately, by this House, the matter then comes to the Public Accounts Committee and we have to examine whether the excess is justifiable and reasonable. Pretty much our only weapon is the ability to call in the officials who have made a mistake and get them to explain the issue in public, but then a Government majority can certainly agree the excess vote regardless.

In Ghana—Mr Evans, you might be interested to know this, and officials might be quaking as I say it—if an official overspends taxpayers’ money, they have to go to court, and if they take an appeal to court, they have to pay up front half of the money that has been wasted. Certainly, that would sharpen minds.

The point is that it is right that we have a Contingencies Fund Bill. I accept it is necessary, but I welcome new clause 1, because the mechanisms for oversight of this are very flimsy; they are reports on paper after the event. This is not about more bureaucracy. I see it as being about greater transparency. As Chair of the Public Accounts Committee, which has had an important constitutional position in this place for 160 years, I get passed information by Government—from Ministers and senior officials—about issues relating to the finances of Government, sometimes confidentially, and that is counted as the scrutiny of Parliament.

I believe there is a very important role for the constitutional position of the Public Accounts Committee and thereby the Chair, a role I am privileged to occupy at the moment—it is not about me, it is about the position—but that is not enough scrutiny. We are in the middle of a pandemic, and spending eye-watering sums of money—hundreds of billions of pounds—with the public sector and the private sector. It does not matter where the money goes, in this sense; it is about scrutinising that expenditure and making sure that Treasury Ministers, whom I would have thought would be aligned with me completely on this issue, are clear that we are not allowing Departments to overspend willy-nilly. Although the Treasury has its checks, it is important and vital that Parliament has its checks too and that we have sunlight on these issues in real time. This is important, and I would say that the new clause is really pretty anodyne. It is saying that we want better reporting to the House of what the Contingencies Fund Bill already allows to the Government.

The National Audit Office has been much quoted, and I do not have the exact phrase in front of me—forgive me, Mr Evans, but for once I paraphrase, which I really try not to do—but the NAO has looked in detail, as other Members have commented, at the Government’s approach to procurement, and this is its clear message. All these allegations are out there, but part of the reason for that is the lack of transparency and the lack of information being published in real time on some of these issues. We have seen, heard and talked about in this place the many contracts that were not published on time, and that undermines public and parliamentary trust in the process. Whether or not anything has gone wrong, it is undermining trust, and people start asking questions and laying down allegations whether or not they are true.

It is in Government’s interests, the taxpayer’s interests and Parliament’s interests to agree to this new clause. I am disappointed—I am embarrassed really—that those on the Treasury Bench can come forward with a change at such short notice and not have a meaningful discussion about what is a reasonable new clause to allow this place greater scrutiny over what are unprecedented amounts of spending in the middle of a pandemic. At a time like this, we need more transparency, not less. This is actually a minor change. It is not about bureaucracy; it is about accountability and transparency, and taxpayers deserve better.

Charlotte Nichols Portrait Charlotte Nichols (Warrington North) (Lab)
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Labour’s new clause seeks to make contingency spending more transparent and accountable to our Parliament and, through us, to the public—taking back control, if you will. It is right that Governments have the flexibility to act in an emergency such as this pandemic, but this greater latitude for Ministers should oblige them to be additionally vigilant about the value for money of the decisions that they make and the contracts that they sign. This has unfortunately not been the case. As we have heard from my hon. Friends, this year we have seen case after case of appalling mis-spending of taxpayer money, too often on procurement from Tory friends and donors—with, according to The Times in November, £1.5 billion to Tory-linked firms. Companies and individuals with no track record of producing the materials needed were given vast sums on a promise, and businesses in constituencies such as mine, with experience in manufacturing this sort of equipment, were denied on spurious grounds.

Some of the examples sound as though they come from an old episode of “Yes Minister”: £150 million of the £252 million of unusable face masks ordered from an investment firm advised by an adviser to the President of the Board of Trade; a £60 million contract to provide free laptops for disadvantaged pupils that delivered less than half of what was needed, leaving too many pupils in Warrington North without the tech they needed to learn; and £208 million to provide food boxes wholesale for people who were clinically sheltering, at a cost of £44 a box, when analysis showed that the content could have been bought for £26 from their local Tesco. There was the £133 million to a Tory donor, a private healthcare firm, to make testing kits that were withdrawn for safety reasons. Its contract was actually extended for another six months for a further £375 million, without any other companies being invited to bid. During this time, consultants have been employed on up to £7,000 a day, equivalent to £1.5 million a year, by a Government who believe that nurses and other NHS staff should not even receive a pay rise at least in line with inflation.

We understand that there was an urgency to get contracts in place for PPE in particular, but this was not just a case of suck it and see, as Ministers doubled down on their projects, such as the £37 billion on the outsourced test and trace programme—or test and waste, as it is increasingly known locally. The National Audit Office says that this incredible amount of money has been spent for no clear impact, while the skills and expertise of our local public health staff were spurned. Should we not be demanding better?

We understand that the Government had to act quickly to put contracts in place at the beginning of the pandemic, but we are now a full calendar year on from then. They should no longer be operating in crisis mode, but should be able to make clear, sensible and justifiable decisions. Since the Chancellor announced that he is to run the biggest deficit since the second world war, with public debt at over 100% of GDP, I think our constituents should expect us to be as open about our financial decisions as we can possibly be. It is not onerous to request that the Government make a monthly report on its contingencies expenditure, and improved transparency would help to halt bad decisions earlier, rather than waiting for spendthrift contracts to finally be revealed in court.

This is a reasonable and responsible new clause. A fiscally sound Government should not fear it or have any objection to it.

Ruth Jones Portrait Ruth Jones (Newport West) (Lab) [V]
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This is a technical Bill, but it is important and so is parliamentary authorisation of public expenditure. That authorisation is an absolutely crucial part of our democracy and of the principle of parliamentary control over the decisions taken by Ministers in this Government.

Of course, I accept that the Government need to be able to act swiftly and decisively, and that financial control provisions may need to be relaxed proportionate to the need for the Government to take unforeseen and unforeseeable actions to reduce, resolve and mitigate the threats we face. As such, I fully accept the approach taken by the shadow Minister and support the fact that Labour is not opposing the Bill. However, while it is vital that the Government have the space and ability to respond to the crisis, it is vital that Ministers do not take the people of this country for fools. Contracts for cronies, pals from the pub and family members cannot be the order of the day and must be rooted out fast.

The Tories, as we have already heard, have wasted hundreds of millions of pounds across Government during the pandemic, from failed tracing apps to useless PPE to insufficient provision for disadvantaged children. The analysis by my party and other independent organisations shows that the Government have made the wrong decisions throughout the crisis. I hope they will listen and learn. Every penny of public money must be accounted for and the people who pay their taxes must be able to see that these monies are spent wisely and properly.

I support the Bill. I hope Ministers will accept Labour’s new clause and will look to spend the people’s money wisely, sensibly and properly.

LGBT Conversion Therapy

Charlotte Nichols Excerpts
Monday 8th March 2021

(3 years, 9 months ago)

Westminster Hall
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Charlotte Nichols Portrait Charlotte Nichols (Warrington North) (Lab)
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It is a pleasure to see you in the Chair, Mr Gray. I congratulate the hon. Member for Carshalton and Wallington (Elliot Colburn) on securing this important debate.

So-called LGBT conversion therapies are disgusting, exploitative, damaging and a relic of bigotry. In 2021, we recognise better than ever what illness and disease look like. Being gay, lesbian, bisexual or trans is not a sickness; it is a fundamental part of an individual’s very identity. So-called LGBT conversion therapies need to be banned.

I thank in particular the hon. Member for Reigate (Crispin Blunt), my hon. Friends the Members for Wallasey (Dame Angela Eagle) and for Cardiff South and Penarth (Stephen Doughty) and the hon. Member for Livingston (Hannah Bardell) for their powerful contributions. We are lucky in this place to have such assiduous campaigners on LGBT issues on both sides of the House, and I am pleased that there appears to be cross-party consensus on this issue.

Pedlars of these supposed treatments not only perpetuate a fraud on the public but cause genuine harm, psychological distress and lasting emotional damage. The 2018 national faith and sexuality survey found that 58.8% of people who had undergone such therapies had suffered mental health issues. Significant numbers cited anxiety, self-harm and eating disorders. More than two thirds had suicidal thoughts, and more than a third had actually attempted suicide. That is why all major UK therapy professional bodies and the NHS oppose treatments that try to change a person’s sexual orientation or supress a person’s gender identity.

All our major faith groups support a ban, as was reiterated at the interfaith conference held remotely in London in December 2020. As a religious Jew and a bi woman, I have been heartened by contributions from hon. Members in the debate who hold their faith close to their heart but know that there should be no dichotomy to reconcile between religious freedom and protecting the safety, wellbeing and dignity of the LGBT community. That cannot be a justification for continued delay, and I thank my hon. Friend the Member for Cardiff South and Penarth for making that point so clearly.

A number of countries have fully banned conversion therapies, including Malta. In other federalised countries, various states and provinces have legislated for bans. I commend Instagram and Facebook for banning the promotion of conversion therapies on their sites, and hope that other social media companies will follow suit.

In 2018, the right hon. Member for Maidenhead (Mrs May) and the Conservatives announced in their LGBT action plan that they would ban conversion therapies. That was apparently still their policy at the last election. However, last year the Prime Minister said:

“What we are going to do is a study right now on, you know, where is this actually happening, how prevalent is it, and we will then bring forward plans to ban it”.

I am sure that colleagues on all sides, not to mention the LGBT+ community, will say that we have waited long enough. Last month, Labour supported the Ministerial and other Maternity Allowances Act 2021 that rightly permitted the Attorney General to take maternity leave. That showed that the Government can take legislation through quickly when they want to—it did not require lengthy studies to consider the prevalence of Attorney Generals becoming pregnant.

There are LGBT+ people experiencing harms from these practices every day and the longer we wait for action, the longer they are denied legal redress. The most recent annual update on the implementation of the Government’s LGBT action plan was published in July 2019. Given that it is now 2021 and that February was LGBT+ History Month, when can we expect publication of the 2020 annual update? Labour has consistently urged the UK Government to live up to their promise and implement the 2018 proposals. My hon. Friend the Member for Battersea (Marsha De Cordova), the shadow Secretary of State for Women and Equalities, has continuously pressed the UK Government to deliver on their LGBT action plan.

Putting laws on the statute book such as protection orders for people who are vulnerable to cultural or religious pressure to suppress, deny or forcibly change their sexuality or gender identity is not merely a matter of virtue signalling; it would make concrete legal defences for people who need them and would make it simpler for statutory support services to work together to help people in need. I commend Galop, the LGBT+ anti-violence charity that I met on Friday ahead of the debate to hear not only the harrowing evidence it has collected about such abhorrent practices but how protection measures, including multi-agency risk assessment conferences, would have allowed individuals to have been safeguarded. The Labour party welcomes the action that the Government have taken in the past decade to legislate against female genital mutilation and to take further steps against honour-based violence and forced marriage where these protection order frameworks are in place. This is a further area where we must now see action.

This is an opportunity to show the world the face of global Britain, setting an example and doing what is right. Our values can be clearly put into law to be seen by other countries where these awful practices are more common. The time has come for the Government to act to ban these practices. If they do, the Opposition will support them.

Economic Update

Charlotte Nichols Excerpts
Monday 11th January 2021

(3 years, 11 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is absolutely right to highlight the importance of the creative industries to the UK economy and, indeed, to our social or cultural capital. That is why the Government have created a £500 million film insurance scheme, to which she rightly alluded. More than 100 different film productions have taken advantage of the scheme so far and it is currently safeguarding over 14,000 jobs. It is that kind of thinking that we hope can help drive our recovery and support the industry that she rightly champions.

Charlotte Nichols Portrait Charlotte Nichols (Warrington North) (Lab)
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In line with advice from the Royal College of Obstetricians and Gynaecologists, the Royal College of Midwives, the TUC and Maternity Action, will the Chancellor of the Exchequer today commit to amending the furlough scheme to cover the cost of maternity suspensions on full pay for women who are 28 weeks or more pregnant or otherwise medically advised to shield?

Rishi Sunak Portrait Rishi Sunak
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There are specific provisions in place in guidance for employers for calculating pay with respect to periods of maternity. Hopefully, those are clear, but I am very happy to look into the hon. Lady’s specific point.

International Men’s Day

Charlotte Nichols Excerpts
Thursday 19th November 2020

(4 years, 1 month ago)

Commons Chamber
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Charlotte Nichols Portrait Charlotte Nichols (Warrington North) (Lab)
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It is a pleasure to respond to this debate on behalf of Her Majesty’s Opposition. As shadow Minister for Women and Equalities, I am conscious that we should seek not to pit the problems of men and women against each other but to aspire to raise outcomes where one is below the other.

We have heard a number of important contributions in this debate. First, I congratulate the hon. Members for Shipley (Philip Davies) and for Mansfield (Ben Bradley) on securing the debate through the Backbench Business Committee. We see that it is now truly an annual occasion after a year’s absence, as it fell during the election campaign last year. Having read, through Hansard, previous iterations of this debate, I am reassured that we are continuing to emphasise these important issues, but concerned to note that they still need to be raised.

The ongoing tragedy of male suicides has continued, with the rate in England and Wales of 16.9 deaths per 100,000, the highest since 2000. That remains in line with the rate in 2018, and makes up about three quarters of suicides. Males aged 45 to 49 still have the highest age-specific suicide rate. A number of colleagues have mentioned charities that work hard in this field, so I commend the work of CALM, the Campaign Against Living Miserably, Rethink, Mind and the other organisations that have been highlighted. I would also like to remind all Members that the Samaritans can be phoned at any time, day or night, on 116 123.

The same messages are given every year and are ever more relevant in 2020, with all its stress and fear. Men should feel able to talk about their problems with friends or professionals. They do not have to do it in public like hon. Members have today, but society must accept and embrace a more open understanding of men’s feelings and concerns. I include in that men who may be gay, bisexual or transgender who feel alone or scared about their very identities. They must be more supportive of each other. I note the news today that the Government are ending the £4 million funding for anti-LGBT bullying in our schools. That is a real step backwards that will prolong harm for too many young boys.

I cannot join Movember, Madam Deputy Speaker, but I praise the Members who are doing it this year and hope that they may continue to brighten the spotlight on men’s health. Most obviously, covid has had a disproportionate fatal impact on men. As further research unearths more about what is still a very new virus, we may find out why. On prostate cancer, the second-biggest killer of men worldwide, I encourage men to discuss it with their doctors at age 50, and black men or men with a family history of prostate cancer should discuss it at 45. On testicular cancer, men should know how to test themselves. It is not taboo to look these things up. Men are more likely to die prematurely than women, including of diseases that are considered preventable. Please do not be too scared to ask questions for fear of some toxic male expectations or image. I thank the hon. Member for Carshalton and Wallington (Elliot Colburn) for raising these health issues.

We have rightly heard today about the challenges of boys’ educational attainment and the need for schools and the Department for Education to address this. Whether this means more male teachers, more male role models or closer support and attention to alternative teaching methods, it is a real concern. The literacy gap between boys and girls peaks at 16, when children are beginning to consider their choices for life after school.

Men are still more likely to be victims of violent crime in the UK—men are nearly twice as likely as women to be a victim of violent crime—and among children, boys are more likely than girls to be victims of violence, while more than two thirds of murder victims are male. It is worth mentioning the male victims of domestic violence, and the statistics show that they are less likely to speak out or confide in somebody about it. They must not be forgotten, as was mentioned in a powerful contribution to the debate by the hon. Member for West Bromwich West (Shaun Bailey).

As the days and nights get colder and wetter, it is sombre to think of the thousands of rough sleepers on our streets. The Government’s actions earlier in the year showed that it is possible to eliminate rough sleeping, but now, once again, there are huge numbers of people forced to choose between a cold winter on the streets of our country or the threat of catching covid in an overcrowded shelter. Government statistics state that 86% of rough sleepers in England are male. I hope the Minister can say what will be done to end this awful situation.

Finally, it is worth remembering that today is International Men’s Day, and we should consider the problems that men and boys face around the world, where they die on average six years before women, thousands are forced into becoming child soldiers, and gay men in particular are all too often oppressed with threats of violent death. Once again, I thank all of the speakers, and I hope that in next year’s debate we will be able to report on progress in these many important areas.

Baroness Laing of Elderslie Portrait Madam Deputy Speaker (Dame Eleanor Laing)
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Before the Minister starts, I must commend the House. I said we would have to rush through this and I was expecting the Minister to be on her feet with only five minutes to spare, but the House has been so disciplined, speeches have been so to the point, precise, moving and clever, that I hope other people will learn that brevity is indeed the soul of wit. I am not going to mention the fact that very few women have taken part in the debate this afternoon.

Future of Financial Services

Charlotte Nichols Excerpts
Monday 9th November 2020

(4 years, 1 month ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is right about the importance of Leeds to our financial services ecosystem in the UK, and about the importance of that industry to jobs in his local economy. We are keen to see the industry prosper across the country, in his constituency and elsewhere, and one thing that might be of interest to his constituents is the review that we are launching into the UK funds regime. That review will specifically consider whether, and how, fund domicile activity could be focused in specific UK areas to support our levelling-up agenda. I look forward to hearing my hon. Friend’s contributions to that, and I know that the industry in his area will continue to grow locally from strength to strength.

Charlotte Nichols Portrait Charlotte Nichols (Warrington North) (Lab)
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The pandemic has accelerated the decline in the use of cash across the country, but there are still 8 million people who say that it is an economic necessity, and many others who are employed in the cash industry, including in Warrington North. According to the National Audit Office, the Bank of England does not know the whereabouts of around two-thirds of known currency—about £50 billion —which may be in the shadow economy. Does that show the need for a comprehensive plan for cash?

Rishi Sunak Portrait Rishi Sunak
- Hansard - - - Excerpts

My hon. Friend the Economic Secretary is absolutely abreast of the issue and has been for a while, which is why we have a strategy around protecting access to cash. We announced an intention to consult and potentially legislate at Budget. The consultation is outstanding, and I would very much welcome the hon. Lady’s comments, because she is right: although the economy is transitioning in a digital way, we need to protect access to cash for those who need it.

Covid-19 Economic Support Package

Charlotte Nichols Excerpts
Wednesday 14th October 2020

(4 years, 2 months ago)

Commons Chamber
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Charlotte Nichols Portrait Charlotte Nichols (Warrington North) (Lab)
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At the start of this crisis, the Government promised to do “whatever it takes” to get our country and our economy through covid. They have broken that promise. My constituents, who have been subject to the tier 2 restrictions for weeks now—before the term was coined—are being left behind. We are in the frankly perverse situation where many pubs and hospitality venues would see more support to close that they would to stay open. This cannot continue. We need a financial package for tier 2 local authority areas and businesses to protect jobs as a matter of urgency.

Many sectors need additional targeted support, but the Government have so far been unwilling to stump up anything like the amount of investment required. Sector-specific support for aviation has not been forthcoming for my constituents who work at Liverpool and Manchester airports and in our local supply chain. Equally, sectors with large employment multipliers that are ready to create the kind of highly paid skilled jobs our country is crying out for are being stymied by Government inaction. The nuclear sector is perhaps the most egregious example of this. It directly employs almost 4,500 people in Warrington North alone, a growth of 700 on last year. It wants to grow further, but the Government’s tardiness in publishing the energy White Paper and making the necessary commitments to the next generation of new nuclear, including Sizewell C, is holding it back. If decisions are not made soon, we could lose those jobs forever, and at the worst possible time for our economy and the environment.

Just as whole sectors of our economy are being let down by this Government, so too are the lowest paid in our communities, from the new starters and newly self-employed who have been excluded from support to those expected to live on 67% of the national minimum wage. Do the Government not understand what “minimum” means? It is a rate independently set as the least that a person could get by on. I know that I could not get by on £5.84 an hour, and I do not know why anyone in this House thinks that a single one of their constituents should have to do so. For those not on the full rate of the national minimum wage, 67% of their salary could be as low as £3.04, which is less than the full rate of the minimum wage when Labour introduced it in 1998. If the Government will not commit to supporting all those on the job support scheme with a package at least as generous as furlough, the very least they can do is ensure that no one is being asked to live on less than the minimum wage.

The response to covid has been the worst of all worlds. The lockdown that was announced too late, that was too lax and that finished too early, ostensibly to protect the economy, and the social distancing purgatory that is failing to stamp out domestic transmission have hurt our economy far more than a national lockdown ever could. We could have modelled our response on New Zealand. It adopted a zero-covid strategy that meant short-term pain and enforced quarantine for all visitors, but its economy is now back open and people are allowed to hug their friends and families again. That should be our aspiration, too.

The Economy

Charlotte Nichols Excerpts
Thursday 24th September 2020

(4 years, 2 months ago)

Commons Chamber
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Charlotte Nichols Portrait Charlotte Nichols (Warrington North) (Lab)
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Large parts of the north, including my constituency, are under extra restrictions but are not being given additional support from the Treasury, whether it is our local authorities or our businesses. If the Government’s levelling up agenda is to mean anything, that must be urgently addressed. Today’s statement is a significant change of direction from “whatever it takes”, so what extra measures will the Chancellor provide to constituencies such as mine to ensure we are not levelled down as a result of the pandemic?

Rishi Sunak Portrait Rishi Sunak
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There is support in place for local authorities, through the NHS, for any response in areas of tightened restrictions, whether for community information or enhanced testing. Recently, we outlined a self-isolation incentive payment of up to £500 and a business grant support scheme for businesses that have been ordered to close. The Government remain committed to levelling up in every part of our country, as outlined in our ambitious plans to invest in infrastructure in every part of our country.