European Union (Withdrawal) (No. 5) Bill

Debate between Chuka Umunna and Lindsay Hoyle

3rd reading: House of Commons & Report stage: House of Commons
Wednesday 3rd April 2019 Commons Chamber

[Chuka Umunna]

I do not disagree at all with the Father of the House. I think a long extension would be preferable. I do not think there is anything for us to fear in terms of European elections. After all that is called democracy and at least it means more of our constituents can get involved in this process. In terms of the different elements of this Bill and the duties we are seeking to impose on the Government, it has been said that to find a way forward through all of this requires compromise. As I have said, I believe there should be a duty in this Bill for the Government to seek an extension in order to provide for a people’s vote. Why do those of us who argue for a people’s vote want a people’s vote? We do so because we want to give the British people the ability to take a different course, and in so doing there is compromise. The easy thing to do if we wanted to stop Brexit from happening would be to simply ignore the 2016 result.

[The Chairman of Ways and Means (Sir Lindsay Hoyle)]

Order. Obviously the scope of this debate is quite tight and I am going to allow some flexibility in the discussion, but we do not want to concentrate on something that is not even down on the Order Paper tonight. So by all means I will allow some freedom, but we should not open up the debate too far.

[Chuka Umunna]

I take your point, Sir Lindsay, but all this goes to the duties in the Bill, and there is a glaring omission from the Bill and the selected amendments.

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[The Chairman]

Order. I think in fairness that it is my judgment that we will take. Thank you for your advice, but actually it will be the opposite way, not the way the hon. Gentleman is trying to open up. I have said I will allow flexibility, but I am not going to allow discussion on matters that are not part of tonight’s debate.

[Chuka Umunna]

Thank you.

[Chuka Umunna]

I wish my amendment had been selected, but my point is that the purpose for which the extension is sought is not stated as being necessary in the duties of this Bill.

I apologise, Sir Lindsay, if you do not believe I am speaking strictly to the amendments. Part of the challenge raised is the way we are conducting this debate given the fact that we are trying to do justice to the Committee stage of this Bill having only discovered your selection shortly before.

[The Chairman]

I should say to the hon. Gentleman that, in fairness, I too only got it minutes before, so it is much harder for both of us to try to deal with this.

[Chuka Umunna]

Absolutely; I was just making an observation.

Ultimately, there is a need for compromise, and we are at that stage in the process where I think that that is what the public expects. Introducing a provision within the duties in the Bill for the Government to seek an extension for the purpose of a people’s vote is, I would argue, a compromise, in part because there are ways of carrying out a people’s vote that would take account of all the different views in this House. That would involve compromise. For example, we do not like the Prime Minister’s withdrawal agreement or the framework for the future relationship, but we would be prepared not to stand in the way of them if they were put to a confirmatory vote.

I shall finish by explaining why I was so keen to crowbar these points into the debate. If we do not address these points, and if, through a backroom deal, we ignore the fact that a people’s vote is not provided for in the duties of the Bill, what are we saying to the 1 million people who marched on the streets of this city? What are we saying to the 2 million young people who now have a say on this whole issue but did not have a say three years ago? What are we saying to the 6 million people who signed a parliamentary petition arguing for a revocation, in frustration that a people’s vote might not happen? And what are we saying to the majority of people in this country who certainly did not vote for this mess? That is why it is important, if we are going to seek an extension, that we make it clear that we want to do so primarily to give those people a voice so that they get a final say on whether we go ahead with this disaster or whether we seek to change our country in a different fashion.

Banking (Responsibility and Reform)

Debate between Chuka Umunna and Lindsay Hoyle

Tuesday 7th February 2012 Commons Chamber

[Mr Umunna]

rose—

[Mr Deputy Speaker (Mr Lindsay Hoyle)]

Order. We need shorter interventions.

[Mr Umunna]

Thank you, Mr Deputy Speaker.

I thank my hon. Friend for his contribution. The Walker review proposals are the start, not the end, of the reform needed, but my hon. Friend makes a strong point about the culture in the financial services sector. On the proposal to have an employee on the remuneration committee, would not the RBS board be in a stronger position if it could say, on matters of pay, that an employee representative had been involved in the decision making?

Economic Growth and Employment

Debate between Chuka Umunna and Lindsay Hoyle

Wednesday 23rd November 2011 Commons Chamber

[Nadhim Zahawi]

What did the FSB say?

[Mr Deputy Speaker (Mr Lindsay Hoyle)]

Order. The hon. Gentleman has had his intervention, and he should please wait for the answer. We do not need comments from the side.

[Mr Umunna]

There we have a Government Member hungry to fire, as opposed to hire, workers.

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[Mr Umunna]

First, on borrowing, does the Business Secretary accept that the average of the independent forecast that his Government published last week shows that, for all his claims to be working to a strategy to reduce our debts, his Government could end up borrowing more in every single year remaining of this Parliament than under Labour’s more sensible deficit reduction plan? Secondly, does he accept that confidence indicators when he took office and took charge of his Department were not too bad and were improving until the comprehensive spending review was announced, after which it nosedived?

[Mr Deputy Speaker (Mr Lindsay Hoyle)]

Order. We must have shorter interventions.

[Vince Cable]

On the level of borrowing, let us wait until next week and see what the independent forecast is in the Chancellor’s statement. Of course, the reason why borrowing rises when the economy slows down is the flexibility that is built in—the so-called counter-cyclical stabilisers that we employ as part of our fiscal policy. Unlike the United States and other countries, we allow slow-downs to be accommodated in that way, supporting the economy.

The hon. Gentleman asked me what our strategy is to deal with this problem. I will summarise it. There are three parts. First, we have to stick to fiscal discipline to maintain the confidence of the people who lend to us. That is a very simple proposition that is very difficult to realise and it is something we have done. He quoted various comments from business organisations around the country. I keep in touch with such organisations regularly and go around the country to the regions and nations of the UK. I have yet to meet a single representative of the business community who has asked us to slacken our process of deficit reduction—not a single one. They all make it absolutely clear, including the CBI, that they regard plan A, as it is called, which is deficit reduction, as an absolutely necessary pre-condition to stabilising the economy.

The second element relates to the first. Precisely because we have a large amount of debt in our economy, the priority for Government has to be to preserve an environment in which there are low interest rates. The stimulus we get in our economy—the source of demand—comes primarily through monetary policy. Through the Bank of England acting on short-term interest rates, through long-term interest rates related to bond yields, through quantitative easing at the Bank of England—now credit easing—and through a competitive exchange rate, we have a monetary policy that supports growth and demand. Given the massive debt we have inherited, it is only through monetary policy—relatively low interest rates—that we can possibly support the economy.

Finance (No. 3) Bill

Debate between Chuka Umunna and Lindsay Hoyle

Tuesday 3rd May 2011 Commons Chamber

[Mr Chuka Umunna (Streatham) (Lab)]

Has my hon. Friend noticed the projections for the increase in household debt under this Government? The Office for Budget Responsibility is projecting that it will increase by more than £500 billion this year and over the next five years, and it is also saying that the reason for this is not only inflation but the comprehensive spending review and the Budget.

[The Chairman]

Order. We must keep questions to the subject of the amendment that we are dealing with.

Amendment of the Law

Debate between Chuka Umunna and Lindsay Hoyle

Thursday 24th March 2011 Commons Chamber

[Mr Umunna]

I will give way shortly.

I have come to the Chamber from this morning’s Treasury Committee sitting, where I asked Jonathan Portes, who until February was chief economist at the Cabinet Office, about this issue. I asked him whether abolishing the right to request flexible working for the parents of 17-year-olds would make a big difference in increasing GDP or growth. He made it very clear that scrapping the extension will “do nothing for growth”. I then asked HSBC’s chief economist whether he would be revising his GDP figures as a result of the scrapping of the measure, and he told me that he would not.

This measure seems to be a gimmick, which tends to suggest that the Government think that watering down employee rights is a substitute for a properly thought out growth strategy. All the figures I have just presented and all the arguments I have just made for the introduction of the extension, which was planned for April, are in the Government’s own impact assessment of the measure. Will the Government think again about it? I grant that they do not and will not accept our arguments to revise their plan for fiscal consolidation, but I suggest that it would be very wise for them to think again on this small measure.

[Mr Deputy Speaker (Mr Lindsay Hoyle)]

I call Gavin Williamson, who has until 5.42 pm—about three minutes. I am sorry about that.

Treasury

Debate between Chuka Umunna and Lindsay Hoyle

Tuesday 21st December 2010 Commons Chamber

[Mr Chuka Umunna (Streatham) (Lab)]

I congratulate the hon. Lady on raising a subject that I consider to be tremendously important. I particularly endorse what she has said about Christians Against Poverty and the citizens advice bureaux, which operate in my constituency. Does she share my huge disappointment that there is no Treasury Minister present to respond—[Interruption.] I was not aware that the hon. Member for Scarborough and Whitby (Mr Goodwill) was a Treasury Minister. Is he the Treasury Minister who will respond to the debate?

[Mr Deputy Speaker (Mr Lindsay Hoyle)]

Order. Fiona Bruce.