(6 months, 1 week ago)
Commons ChamberYesterday was an emotional day for many of us. I am privileged to be at Central Hall with my constituents Cathy Young and her two fantastic daughters, Lisa and Nicola. I join the Minister in paying great tribute to the infected blood community. That community gave Sir Brian Langstaff a standing ovation yesterday—a sight that will never leave me. May I echo the Public Gallery’s reaction to the appointment of Sir Robert Francis? It is an excellent appointment. Will the Minister confirm that Sir Robert Francis will be able to meet the all-party parliamentary group on haemophilia and contaminated blood as well as others in the House?
With regard to the composition of the board of the compensation authority, will the Minister guarantee—I have already raised this with him—that it will include representatives of the infected and affected, and that they will have what we believe is their rightful representation on the board? I welcome his comments in relation to hepatitis B. That has always been one of the issues of contention, and some people with hepatitis B have been missing out on the existing schemes. Will he look to find a way so that those with hepatitis B can access the existing schemes? I know that the Scottish Infected Blood Forum has asked him that question.
On interim payments, the Minister mentioned the living. Will he clarify whether interim payments will be made to the estates of those who have sadly passed away? Some people will raise eyebrows about the fact that the interim compensation is less than that for those in the Post Office scheme. Will he give some explanation as to how the £210,000 figure came about?
I echo the comments of the shadow Minister on looking at criminal charges and a Hillsborough law, and I very much welcome his comments on memorial. Does the Minister agree that there are two other lessons: first, Members of this House, regardless of political persuasion, can get together to deliver justice; and secondly, for the general public the key lesson, as shown by those in the infected blood community, is never, ever to give up fighting injustice?
I thank the hon. Gentleman for his engagement and for the points he has made today. I was there yesterday for the two hours of Sir Brian Langstaff’s presentation of his report, which was a moving moment for all of those who have suffered and waited for so long.
I am grateful to the hon. Gentleman for his endorsement of the appointment of Sir Robert Francis, which seemed to be welcomed in the Gallery. I recognise that what is absolutely critical for the scheme to be successful is full engagement with the communities and that the explanation of how the scheme has been constructed and any concerns about the wider support that is needed are interrogated fully before the regulations come back to the House. Throughout, the scheme has been about reconciling speed and efficiency with consultation, which is why it has been done in such a way over the past few months.
The hon. Gentleman made a point about hepatitis B and access to schemes. I will be happy to correspond with him separately on that—obviously, there are lots of technical issues. He asked about the £210,000, which he can see is an irregular amount. That is because I was trying to get the maximum amount that could be universally paid, as quickly as I could, to those who are infected and alive without any risk of paying the wrong amount, and that is the amount that I was advised. What is really important is that we get to the examination of entitlements and what that balancing payment is, and get that payment out as quickly as possible. This is not a stalling tactic; it is about trying to reconcile the competing priorities of responsible stewardship of taxpayers’ money and getting payments made as quickly as possible for the most vulnerable in our community.
With regard to memorialisation, on these matters there will need to be wide engagement and I do not want to make binding commitments today. I have said what I have said, and I or another Minister will return to that in due course.
(7 months, 1 week ago)
Commons ChamberUrgent 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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There is not a block. Last year, there was a process of looking at how we could work out the costs and the way of translating and operationalising the recommendations. That work is well under way, and Professor Sir Jonathan Montgomery and his team are helping with that. As I say, I hope that in a few weeks’ time we can get to a point where we will be able to make a substantive assertion of the Government’s position.
Building trust and confidence requires the support of the infected and affected community. Can the Minister confirm that the independent body’s executive will include representation from infected and affected people’s groups who can make decisions on processes, eligibility and decision making in order to build trust and confidence?
I thank the hon. Gentleman for his question and for his engagement with me last week as one of the co-chairs of the APPG, when he made a similar point. I am reflecting carefully on what it takes to satisfy the recommendation to have a body independent of Government while also securing as much authority and as much confidence among the different communities involved as possible. I will update the House on that in due course.
(10 months, 1 week ago)
Commons ChamberThe next stage of the Victims and Prisoners Bill in the other place will be the week after next, and that is where the Government will make clear their response to what the Commons has decided. As I said to my hon. Friend the Member for Worthing West (Sir Peter Bottomley) a few moments ago, the issue of further interim payments will need to be considered in the round as the Government consider the recommendations of the second interim report. We are very aware of the urgency of this. However, as I am sure the hon. Gentleman will understand, there is a lot of complexity with respect to the different cohorts and we are working on those as rapidly as we can with the experts now in place.
(11 months, 2 weeks ago)
Commons ChamberI have not met Sir Brian Langstaff yet, but of course I build on the work that my predecessors have done. As I indicated to the chairs of the all-party parliamentary group, as soon as I was in office I set up a meeting and I was aware of the ongoing work. I now have to work out the interaction of that amendment with the work that exists and bring forward a substantial response to it.
This is a disappointing statement in some ways, but let me give the Paymaster General an opportunity to build trust and confidence. It is unclear in his statement whether the Government accept the principle of an independent compensation body—an arm’s length body—so can he confirm that that is the case? Does he accept that, for the victims and their families, that is a prerequisite for building trust and confidence, and that they will not accept a Government Department involved in this scandal administering the compensation scheme?
I am very cognisant of the 18 recommendations, and the sensitivity about the trust needed in the delivery mechanism, whatever that is. That is one of several considerations on which we need to reach the right conclusion. As my right hon. Friend the Member for Hemel Hempstead (Sir Mike Penning) said, I recognise that restoring trust is a serious matter on which we have to deliver.
(1 year, 6 months ago)
Commons ChamberSince the autumn statement, food inflation has risen and is now at 19.2%. Can the Minister tell us what specific measures the Government will put in place to address food inflation?
I fully acknowledge the pressures of food inflation—they are in line with those of many of our friends and neighbours, but less than in Germany, for example—and I will come on in a moment to set out the interventions the Government have specifically made to deal with that.
In addition, we are investing directly in Scotland, with £349 million of funding allocated through the first two rounds of the levelling-up fund, as well as establishing two new green freeports. As the Prime Minister has already said,
“all this talk of needing any more powers is clearly not appropriate”.
The SNP and the Scottish Government do not fully use the powers they have already. While, as we have seen today, SNP Members speak about a referendum that I do not believe they have a mandate for, we are levelling up and investing directly in local communities across Scotland.
Let me address the points raised by the hon. Member for Glasgow South West (Chris Stephens).
(2 years, 11 months ago)
Commons ChamberUrgent 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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I thank the Father of the House for his comments, and point out that there is £250 million of funds still to be given to businesses through the additional restrictions grants. Three out of four local authorities have between 5% and 40% of their funds unallocated. However, I recognise that this is a distinct new challenge, and that is why I and the Chancellor will be having meetings with representatives from the affected sectors this afternoon to see what more needs to be done.
The omicron variant is now present in all Scottish health boards, so I am sure the Minister will congratulate Scotland on being the first nation in the UK to vaccinate 50% of the eligible population with the booster jab.
On Tuesday, during the First Minister’s address to the Scottish Parliament, the Treasury sent out a press release indicating that more covid support was coming, but it later backtracked and pulled it. In response to those erroneous claims, the Scottish Finance Secretary has written to the Chancellor seeking clarification. When should the Scottish Finance Secretary expect a reply? Do we have to wait for the Chancellor to return from California? Does the Minister not believe that the Government’s flip-flopping and flippancy of the last few days has undermined the devolved Administrations and that assurances of funding must be provided right now?
(2 years, 11 months ago)
Westminster HallWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
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Absolutely. I sincerely look forward to that and we will engage with the substance of the information.
In my role as Economic Secretary, I would like to focus on the role of mutuals as providers of financial services, because they can play a significant role there. I see these organisations as key to providing people with greater financial stability and therefore greater choice. Indeed, I believe this is levelling up in action.
Credit unions are at the core of this. A few weeks ago, I visited the Glasgow Credit Union that the hon. Member for Glasgow South West (Chris Stephens) mentioned, and a few years ago I visited 1st Class Credit Union in Glasgow. They are two of the largest and most successful credit unions of the 402 that exist across the United Kingdom. The Glasgow Credit Union even offers mortgages, consequential of the deep relationships and bonds it has with its members and its understanding of their financial position. That demonstrates the potential that well-organised, well-supported credit unions can provide in communities.
The hon. Member for Strangford (Jim Shannon) listed the 13 credit unions in his constituency and talked about the distinct tradition that exists in Northern Ireland with respect to credit unions, across multiple sectors. Credit union and co-operative legislation is devolved in Northern Ireland, but I continue to listen carefully to what the hon. Gentleman has to say on this matter.
Affordable finance is key to generating opportunity, wealth and liberty for people around the country.
The hon. Member for Strangford (Jim Shannon) and I both raised the point about the Prudential Regulation Authority, the work it does and the capital requirements it places on credit unions. Does the Minister have anything to say about that? Can he encourage the PRA to make some changes to help successful credit unions?
I am extremely grateful for the prompt; one of my kind officials passed me a note on this matter and reminded me that there has been progress in this area. We saw some changes in the way that was delivered last year. In 2020, the PRA implemented a simplified capital regime for credit unions to remove barriers to growth. This created a graduated rate approach, removing the 2% capital buffer and the link between capital requirements, activities and memberships. These changes were broadly welcomed by the sector, but I have committed to continuing to work with the sector further. I hope I will be allowed to introduce legislation next year to address some outstanding concerns that exist within the sector as a whole. I am grateful for the prompt and to the hon. Member for Glasgow South West for raising that matter.
As I said, affordable finance is key to generating opportunity, wealth and liberty for people around the country. We provided £3.8 million to fund the pilot for the no-interest loans scheme, which I have championed over a number of years. The scheme is run by Fair4All Finance, which encourages credit unions and other non-profit lenders to offer these loans. I believe that when this gets through the “proof of concept” phase imminently, it stands to be able to expand significantly. A number of individuals have approached me wanting to support this work, and I look forward to campaigning to broaden that pool on a sound foundation of how it would operate.
We have introduced other changes to help credit unions to generate greater opportunity and wealth for communities. For instance, we introduced and ran a pilot prize-linked savings scheme for credit unions until March this year, which was a real success. Independent research found that it helped to increase positive awareness of credit unions, enabled individual savers to build financial resilience and demonstrated that prize-linked savings be an effective tool in encouraging people to build a nest egg. We have 13 credit unions around the country and the Association of British Credit Unions Ltd currently involved in continuing the scheme, and I hope more will join them in future.
We have also released £96 million of dormant asset funds to Fair4All Finance, to support access to affordable credit products, including those from credit unions. Last Monday, on Second Reading of the Dormant Assets Bill, we introduced the extension of the pool of moneys that will be available from an extended range of financial instruments—£880 million over the next 10 years—which will be for Fair4All Finance to allocate. We will bring forward legislation when parliamentary time allows. That phrase is used a lot, but I am working hard to generate that opportunity in the next Session. It would allow credit unions to offer a wide range of products and services.
I want to spend a moment on building societies, because they are key to unlocking opportunity and driving positive change across the country. For example, in mortgages, Yorkshire and Skipton building societies are among the first institutions to bring back a 95% loan, when there was a problem in the spring, and 95% loan to value mortgages after the lockdown. That obviously brings first-time buyers on to the housing ladder. In addition, the sector is pioneering new products that will decarbonise the UK housing stock. For instance, Nationwide offers a green additional borrowing mortgage, and the Leeds building society has launched two new mortgages for the most energy-efficient homes.
To help building societies continue to flourish, we want to ensure they benefit from an appropriate legislative framework. That is why last week we published a consultation proposing several changes to the Building Societies Act 1986, working with their representatives, to try to provide them with greater flexibility in their funding model, and maintain their key mutual status, which is so important. The consultation also includes proposals to update their corporate framework in line with companies.