Oral Answers to Questions

Daisy Cooper Excerpts

Tuesday 29th October 2024 Commons Chamber

[Mr Speaker]

I call the Liberal Democrat spokesperson.

[Daisy Cooper (St Albans) (LD)]

As the newly appointed Treasury spokesperson for the Liberal Democrats, this is my first opportunity to welcome the Chancellor and Ministers to their places. Notwithstanding that, on the winter fuel payment, the Government need to think again. I recently spoke with representatives of Citizens Advice in St Albans, who are deeply concerned that letters from the Department for Work and Pensions will be sent out only in December to people that it believes are eligible, meaning that many people may lose out. We have urged the Government to either reverse the cut and make it taxable or look at, for example, raising the pension credit limit. Could the Government confirm whether they are going to look again at any of the measures that we have suggested?

[Emma Reynolds]

I welcome the hon. Lady to her place. I reassure her that we are writing to all pensioners—I do not know where she got that misinformation from—about the change in policy. For the first time, we are also writing to all pensioners in receipt of housing benefit to encourage them to claim for pension credit.

We have also made a steadfast commitment to the triple lock, which will mean that the new full state pension will be worth around £1,700 more over this Parliament. We have extended the household support fund, which local authorities can use to help people who are on low incomes and struggling with their fuel bills. We have also ensured that the warm home discount scheme will provide £150 for low-income households, including pensioners.

--- Later in debate ---

[Mr Speaker]

I call the Liberal Democrat spokesperson.

[Daisy Cooper (St Albans) (LD)]

Small businesses are the engine of our economy, but many of them are penalised for investing in their businesses because of the broken business rates system. Will the Chancellor ensure that investment is exempted from business rates, and will she ensure that the Budget tomorrow is the final Budget in which business rates are a permanent feature?

[Rachel Reeves]

I thank the hon. Lady for her question, and I too welcome her to her place.

Small businesses and high street businesses are the lifeblood of all of our communities, including hers in St Albans, and it is important that we support them. In our manifesto, we committed to reform of our business rates system. I will be setting out more details in the Budget yesterday tomorrow, as well as a business tax road map, which will give businesses certainty about the tax environment they will be working with for the next five years.

Fiscal Rules

Daisy Cooper Excerpts

Monday 28th October 2024 Commons Chamber

[Madam Deputy Speaker (Caroline Nokes)]

I call the Liberal Democrat spokesperson.

[Daisy Cooper (St Albans) (LD)]

Under the Conservatives, the fiscal rules changed five times in seven years, so a change to fiscal rules is not that unusual in and of itself. However, does the Minister agree that what would be completely unforgivable is a repeat of the Conservatives’ disastrous mini-Budget, in which they tried to pursue £40 billion of unfunded tax cuts, and which left a long shadow on our public finances? Will he assure us that any additional borrowing that the Government seek will only be for productive investment that will generate growth and fix our crumbling hospitals and schools?

[Darren Jones]

I thank the hon. Lady for her question and share her continued anger about the behaviour of the last Conservative Government, because as she and the whole House will know, our constituents are still paying the price of that Government’s chaos and failure. That is why the first Act of this Labour Government— the first Act that I took through this House—was the Budget Responsibility Act 2024, which locked in the power of the Office for Budget Responsibility to hold this Government and future Governments to account. If we ever again ended up in a position where Conservative Ministers decided to ignore independent checks and balances, the OBR would be able to report its view to this House independently, so that Parliament could hold that future Government to account. I end by pointing to our first fiscal rule, which is that we will pay for day-to-day spending with receipts. Again, that means that we will not end up in the situation that we were in under the last Government, when month after month, borrowing just paid the bills for which they did not put money aside.

Draft Insurance and Reinsurance Undertakings (Prudential Requirements) (Amendment and Miscellaneous Provisions) Regulations 2024

Daisy Cooper Excerpts

Tuesday 15th October 2024 General Committees

[Daisy Cooper (St Albans) (LD)]

It is a pleasure to serve under your chairmanship, Mr Dowd. We Liberal Democrats agree in principle that Solvency II had to be reformed in the UK to encourage more productive investment. Our EU counterparts clearly felt the same, reforming Solvency II in their jurisdiction as well.

Were it up to us, we might have placed a greater emphasis on dynamic alignment with the EU, to make it easier to do business across borders and to prevent the creation of additional red tape that could come from the extra reporting costs that may face firms. Additionally, we might have placed a greater emphasis on encouraging specific tax investments as well—for example, in green infrastructure. None the less, we are where we are. We welcome the fact that the reforms should lead to, in theory, more productive investment.

One issue I would flag to the Minister is that it is currently not clear whether the new regime will end up being more risky than the new EU regime, partly because a lot will depend on how the respective rules are implemented but also because different types of insurance are bought in the EU and the UK. I would be grateful if the Minister could reassure us that there are plans in place, or that they would consider putting plans in place, to review the risk that may emerge from this in years to come.

Public Spending: Inheritance

Daisy Cooper Excerpts

Monday 29th July 2024 Commons Chamber

[Rachel Reeves]

I have to be honest that the decisions I have made today are tough decisions. They are not the decisions that I wanted to make, or that I expected to make. Given the seriousness of the inheritance that I face, they are the right decisions, the responsible decisions, and the fairest decisions that I could make in the circumstances.

[Daisy Cooper (St Albans) (LD)]

The legacy of the Conservatives’ new hospitals programme is dire, but the Chancellor will know that there is also a cost to delay. We have life-expired buildings that will continue to need to be patched up until they are replaced, so I urge the Chancellor, as I urged the Secretary of State for Health and Social Care last week, to give the go-ahead to those projects that are ready to go and involve life-expired buildings. Will she review the outdated rules, and allow hospitals to spend more of their capital funds on helping with repairs and rebuilds?

[Madam Deputy Speaker (Caroline Nokes)]

I call the Chancellor.

Economy, Welfare and Public Services

Daisy Cooper Excerpts

Monday 22nd July 2024 Commons Chamber

[Daisy Cooper (St Albans) (LD)]

I congratulate the hon. Member for North Durham (Luke Akehurst) on an excellent maiden speech that highlighted the values of equality and fairness—principles that many of us can agree on—and on demonstrating his stamina by being the last Member to be called. With that level of stamina, I am sure that he will give the hon. Member for Strangford (Jim Shannon) a run for his money.

It is an honour to sum up for the Liberal Democrats. Once again, I extend a warm welcome to new Ministers and to our country’s first female Chancellor. I also congratulate new Members from all parties who gave their maiden speeches today. Their speeches did not disappoint; they were poignant, funny and bursting with passion. When I gave my maiden speech in 2019, I was very proud to say that St Albans has more pubs per square mile than anywhere else in Britain, and today’s maiden speeches have given us enough historical nuggets for a maiden speech pub quiz—maybe I will write it on the train journey home.

I am pleased that the topics of economy, welfare and public services have been brought together. Why? Well, during the general election, the Liberal Democrats put health and care front and centre of our campaign, and we did so for two reasons. First, it was the No. 1 issue that constituents raised with us on the doorstep. Every single person is impacted by the crisis in health and social care. Secondly, we know that health creation and wealth creation are two sides of the same coin. We cannot have a thriving economy if our population is sick.

We Liberal Democrats set out an ambitious agenda during the general election, and we are pleased about some of the pledges in the King’s Speech. We are pleased that there will be reform of the Mental Health Act 1983, which is incredibly long overdue, and a number of other public health measures—especially on the protection of children’s health. However, we in this House all know that it is equally important to tackle the social and commercial determinants of health, and tackling child poverty is just as important as tackling the aggressive marketing of vapes and energy drinks. That is why scrapping the two-child benefit limit is in our Liberal Democrat amendment.

It is also important that we focus on access to health and social care services. People must be able to access the care that they need when they need it. That is where the Liberal Democrats want to see more ambition. We need to fix our crumbling hospitals, we need mental health hubs in communities, we need to boost our GP numbers, we need to guarantee that people have a legal right to see their GP within seven days, and we need to put an end to dental deserts.

We all know someone who has had cancer and died, or someone who has had cancer and survived, but in every single year from 2015, the Conservative Government missed their cancer treatment target. We cannot allow that to continue. That is why we Liberal Democrats wanted there to be a legal right—through a statutory duty on Ministers—for this House and the public to hold Ministers to account on ensuring that people can see a GP and get their cancer treatment when they need it.

We Liberal Democrats will also be unapologetic and unrelenting in our focus on social care. We have campaigned for free personal care, and we will continue to do so. Free personal care is good for people’s independence and dignity, and for the NHS. It would also enable the many millions of unpaid carers, who currently pick up the pieces of a broken social care system, to up their hours, do more work, return to work and boost our economy. Health creation and wealth creation are two sides of the same coin.

We look forward to seeing the Government’s employment rights Bill with interest. We Liberal Democrats have campaigned for improved pay for care workers, including by proposing a higher minimum wage starting at £2 more, but that has to come with improved investment so that local government no longer has to rob Peter to pay Paul. We can no longer suppress the pay of experienced care workers to fund improved pay for new starters. We must stop ripping the heart out of a retention strategy just to tackle recruitment. We have to do both.

The King’s Speech was also an opportunity to go further on care. It was an opportunity to introduce paid carer’s leave, make care a protected characteristic, create a royal college of care workers, introduce measures to tackle to scandal of carer’s allowance overpayments, and put in place a framework for cross-party talks that would finally put social care on a firm financial footing for the future. I recognise that the King’s Speech is an opportunity for the Government to set out their priorities, but I hope very much that many of these ideas—particularly for fixing social care—may be announced in due course. As our party leader, my right hon. Friend the Member for Kingston and Surbiton (Ed Davey), has said, the Liberal Democrats will continue to be the voice of carers in this Parliament.

If we want to boost the economy, we have to recognise that there are now several stages to people’s lives and careers. There has to be lifelong learning, upskilling and reskilling from cradle to grave, but we still have to make sure that every child has the best start in life. At the moment under the current system, many children—particularly those with special educational needs and disabilities—are put at a big disadvantage from the get-go, and a huge part of that is SEND funding. As one quick example, my area of Hertfordshire is one of the poorest funded education authorities for SEND. Under the Conservatives’ funding formula, it would take 15 years for children in Hertfordshire to catch up with those in neighbouring Buckinghamshire, itself one of the poorest funded education authorities. That is an entire generation of lost young children and lost education because of a Government spreadsheet formula. It is just another unforgivable legacy of the Conservative Government, and I implore the Labour Government to look at this issue with fresh eyes and real urgency.

Another engine of our economy is small businesses and high streets. Many speakers this afternoon, including many people giving their maiden speech, have talked about the high streets and local businesses that are the glue that hold our communities together. I would like to push the Government to go further, particularly on reforming business rates. Some people may remember that in the aftermath of the mini-Budget, the ex-Chancellor, the right hon. Member for Godalming and Ash (Jeremy Hunt), had spent the summer campaigning for a complete overhaul of the business rates system. On his first day in the job, I challenged him on whether he would in fact review that system. He gave me a wry smile from across the Chamber and said that he regretted campaigning so hard for it from the Back Benches. That review was left in the “too hard” basket; it is part of a long list of challenges facing the Labour Government, unfortunately with a similar refrain, but I implore Labour Ministers not to do the same. Sitting in their in-tray will be the results of the high streets taskforce, which I am sure will confirm what we already know: that the business rates system is broken, crippling high streets—particularly heritage pubs—while Amazon warehouses are being given a tax break. That system is not the foundation of a fair economy.

To conclude, there are measures in the King’s Speech that we welcome, but we want to see far greater ambition for our high streets, our children and our public services, particularly health and social care. We believe that our amendment to the Address goes some way towards addressing those things, and we urge Members to support it.

[Mr Deputy Speaker (Sir Edward Leigh)]

I call the shadow Secretary of State for Work and Pensions.

Oral Answers to Questions

Daisy Cooper Excerpts

Tuesday 5th September 2023 Commons Chamber

[Jeremy Hunt]

I am absolutely happy to do that, and I agree with my right hon. Friend about the enormous potential of those areas.

[Daisy Cooper (St Albans) (LD)]

Some GP practices are at risk of being priced out of city centres, including in places like St Albans, because of outdated Treasury rules that prevent integrated care boards from spending the money they want to on a GP practice location. Health Ministers have confirmed to me that their officials are happy to work with Treasury officials. May I ask for a personal assurance from Treasury Ministers that they will encourage their officials to look at this and resolve it by the end of this year at the absolute latest?

Public Sector Pay

Daisy Cooper Excerpts

Thursday 13th July 2023 Commons Chamber

[John Glen]

Yes, I can. I have written to every spending Minister in the past week. I will be having conversations with them and wider representatives about what can be done differently to drive savings and more productivity from the taxpayers’ money that we spend across Whitehall. To return to my hon. Friend’s previous point, I draw his attention and that of the House to what the International Monetary Fund said. For every additional £25 billion of spending, that is 0.5% on inflation. If Labour’s plan is to spend an additional £28 billion—Labour might say that it will be a bit later on in the Parliament, and it might be an attempt to outwit the Government on the massive leadership that we have shown on green finance and the green economy—that would be inflationary. The shadow Chief Secretary, the right hon. Member for Wolverhampton South East needs to come to terms with that, because the British people will in due course.

[Daisy Cooper (St Albans) (LD)]

Wealth creation and health creation are two sides of the same coin, so it is hardly surprising that the Office for Budget Responsibility has said that economic inactivity has increased as many more people are citing ill health as the main reason for not working. When every single part of our economy—whether farming, hospitality, science or engineering—is struggling to recruit the international talent that it needs, why on earth are this Government about to take this anti-business measure of increasing the cost of recruiting people from abroad through an increased health surcharge, rather than reversing the tax cuts for the big banks, closing the loopholes in the windfall tax and clamping down on tax avoidance, as the Liberal Democrats have called for?

[John Glen]

We have got record levels of migration at this time. At the Budget, we set out a clear plan to get more people in this country back into the workplace, with a number of interventions through the Department for Work and Pensions and the health service. We have had to make a fine judgment around those fees in the context of not borrowing any more money. If the Liberal Democrats wish to be taken seriously as a party of government, they will have to make the numbers add up.

Oral Answers to Questions

Daisy Cooper Excerpts

Tuesday 20th June 2023 Commons Chamber

[Jeremy Hunt]

I am looking forward to answering questions about that tomorrow afternoon at the covid inquiry. We did what was recommended following Exercise Cygnus. Certainly, Ministers did what they were advised to do, but the operation was focused on pandemic flu. The question that we must ask ourselves is why we did not have a broader focus on the different types of pandemic that could have happened, such as covid.

[Daisy Cooper (St Albans) (LD)]

The Government’s business rates review last autumn was anything but fundamental, because it did not even look at the calculations for fair and maintainable trade, which are hammering the viability of pubs in St Albans. If the Chancellor has in fact abandoned his commitment for a fundamental review of business rates, which he himself called for last summer, will he at least look at the calculations for fair and maintainable trade before any more of our valuable pubs have to close?

[The Financial Secretary to the Treasury (Victoria Atkins)]

We conducted a review and put in place the £13.6 billion package of support to help businesses on our high streets. If the hon. Lady is able to look at, for example, the multiplier freeze, she will see that that has had a significant impact on those rates, as has the retail, hospitality and leisure business rates relief, which will help raise the rate of relief from 50% to 75%. We have targeted this very carefully at exactly the businesses that she mentions.

Finance (No. 2) Bill

Daisy Cooper Excerpts

Committee of the whole House
Wednesday 19th April 2023 Commons Chamber

Each of the clauses I have discussed will help us to reform the tax system. On devolved social security benefits, clause 27 will provide the Government with the flexibility to confirm the tax treatment within the tax year, rather than be subject to the UK parliamentary timetable. The alcohol duty clauses replace the existing nonsensical alcohol duty system, initially created by a complex web of EU law, with a more consistent, simplified approach to taxing alcohol according to its strength. This will help to better meet our public health objectives and is in line with this Government’s commitment to tax simplification. We are also introducing two new reliefs to help businesses grow and thrive, not least to support our precious pubs.

[Daisy Cooper (St Albans) (LD)]

The Minister has talked about the Government’s ambition to simplify the tax system, but he will be aware that the most adversely affected businesses are the port and sherry traders, which will feel the force of a full £20 million increase, despite fortified wine being only 3% of the total wine trade. They have asked for this process to be simplified further by taxing fortified wine at the midpoint of 17.5% ABV. Is that something the Government might still consider?

[James Cartlidge]

It is a fair point from the hon. Lady. I do think this is a significant simplification. We are moving from 15 bands to six. I would love it to be 15 to one, but unfortunately “Fifteen to One” is going to remain the name of a quiz programme. If she looks carefully at the new rates—I am more than happy to share a copy of the bands with her—she will see that it is a significant simplification. It provides many benefits to the wine trade, particularly with our differential duty and the small producers relief.

To conclude, I will be happy to respond to the amendments on Scotch whisky at the end, but in the meantime I commend to the Committee clauses 27, 47, 48 and 50 to 60, and schedules 7 to 9.

Silicon Valley Bank

Daisy Cooper Excerpts

Monday 13th March 2023 Commons Chamber

[Andrew Griffith]

I thank my hon. Friend and I again pay tribute to the hardworking officials from the Treasury and the regulators, and to my colleagues across Government, who pulled together rapidly to deliver this solution. There may be teething issues as the integration takes place, but having spoken to HSBC and the management of SVB UK, they are open for business today and serving their clients. That is the outcome that the Prime Minister and Chancellor were absolutely right to seek in time for this morning’s opening of business.

[Daisy Cooper (St Albans) (LD)]

I would like to press the Minister on his answer to my hon. Friend the Member for Richmond Park (Sarah Olney). At least two tech companies in my constituency were almost affected; I am grateful to the Economic Secretary for acknowledging my urgent letters over the weekend. One of those companies, based in St Albans, moved £200,000 from its US account to its UK account based, in part, on the statements made about SVB being an independent entity, regulated in the UK—statements that bank made to try to give the reassurance that it would not be affected. However, it then did become affected. Will the Minister clarify whether SVB would or should have known that those statements were either incorrect or misleading? If he is not prepared to comment on that particular example, will he commit to a process to look into that issue? Does he believe that there should be consequences in future for banks that make incorrect and misleading statements that put companies at risk?

[Andrew Griffith]

As I said to the hon. Member for Richmond Park (Sarah Olney), I do not think it is appropriate that I make comments from the Dispatch Box about the veracity or otherwise of statements made by an individual; I hope the hon. Lady respects that. It is, of course, right that anyone in a position of leadership in business takes responsibility and acts in good faith. Although there may well be lessons to be learned in time, the important point is that her constituents and their companies are able to operate, have access to their deposits and continue to do their work of growing important sectors of the economy. I hope the whole House will welcome that.