(11 years, 11 months ago)
Commons ChamberI am sorry, but my hon. Friend the Minister for Disabled People has informed the House perfectly well and properly through a written ministerial statement. The right hon. Lady is coming awfully close to challenging the view of the Speaker on whether an urgent question would be justified.
Last week, the Government announced that they will bring forward a facility for capping interest on payday loans. However, such loans are only one part of the high-cost sub-prime sector. May we have a debate on the entire high-cost sector, and on the problems within it and ways to solve them sustainably?
My hon. Friend will recall that on Third Reading of the Financial Services Bill in another place, the Government tabled an amendment to create a power that would limit agreements that impose unacceptable charges, including interest on lenders; it would make contravention of those agreements unenforceable, which is a strong power. The Bill will return to this House and we will have the opportunity to consider the Lords amendments on Monday.
(12 years, 6 months ago)
Commons ChamberThe House decided without a Division that it would not sit next week or the week after. I am not quite sure where the hon. Gentleman was when we made that decision; perhaps he was not here. Let me make a serious point, however. When the House is not sitting, Members of Parliament are working. Moreover, if the hon. Gentleman compares the first three years of this Parliament with the first three years of the last Parliament, he will see that this Parliament will be sitting for longer.
High-cost debt has been a huge problem for many families for years, and now payday lending is growing fast as well. May we have a debate on the new feasibility study by the Department for Work and Pensions on helping credit unions to upscale and modernise so that they can offer a real, reasonably priced alternative?
My hon. Friend is right: credit unions and community finance organisations have a key role to play in helping those on low incomes to balance their books, particularly when they do not have access to bank accounts. I believe that a week ago a written ministerial statement announced a feasibility study setting out the way forward for credit unions. We are listening to representations made on the basis of that, and will announce our decisions shortly thereafter.
(12 years, 8 months ago)
Commons ChamberI am grateful to my hon. Friend. He reminds the House that under Labour, house building fell to its lowest peacetime rate since the 1920s. He will have seen the announcement by the Minister for Housing and Local Government on Monday about the NewBuy scheme, which will give new purchasers the opportunity to buy their first home without having to find a huge deposit. I hope that this will help to kick-start the building industry, and that builders will buy lots of bricks manufactured in his constituency.
A Westminster Hall debate this week debunked a whole string of myths about the Government’s work experience programme. May we have a debate in Government time on how we can move on, grow that programme, get more employers on board and, crucially, give Opposition Members an opportunity to break the Labour party’s eerie silence and express their support for helping young people on the road to work?
I agree with every word my hon. Friend has said. It is worth remembering that some 50% of those who do work experience then find a job. We all have a role to play in our own constituencies by encouraging more employers to offer work experience to constituents who are looking for jobs, and I welcome the fact that more and more employers are offering work experience. I would welcome a debate, which might take place in the context of the Budget and would provide Opposition Members with an opportunity to show their hand and, on reflection, hopefully support the initiatives that the Government have introduced.
(12 years, 10 months ago)
Commons ChamberMy right hon. Friend was quite right in what he said yesterday. I have made some inquiries, and under the introduction of universal credit there will be transitional protection to ensure that there is no cash loss for those whose circumstances otherwise remain the same when they migrate from their existing benefit. The Prime Minister was absolutely right in what he said.
With jobs and growth right near the top of the agenda, Tuesday’s Westminster Hall debate on self-employment was massively oversubscribed by Government Members. Sadly, the entire parliamentary Labour party was unavoidably detained elsewhere. May we have another debate in Government time to allow the Labour party to join the debate on jobs and growth?
(12 years, 10 months ago)
Commons ChamberAs the hon. Gentleman knows, the Health and Social Care Bill is being considered in another place; we have just had the completion of 15 days in Committee and a number of days have been allocated for Report. I have no doubt that the specific issue he mentions will be raised during the remaining stages of that Bill, and if the Bill comes back, there will be an opportunity for him to raise the matter again in this House. In the meantime, I will draw his question to the attention of my right hon. Friend the Secretary of State.
From this week, credit unions enjoy important new freedoms to help them develop and grow. May we have a debate on financial inclusion, affordable credit and the important role that credit unions play?
My hon. Friend’s suggestion is very timely in view of the reports over the Christmas holidays of the less scrupulous operators in that field, and he reminds the House of the role of credit unions. I cannot promise such a debate, but I know that Members on both sides of the House have expressed an interest in the subject, and the Backbench Business Committee may wish to add it to its list of requests.