Oral Answers to Questions

Debate between Damian Hinds and Tony Baldry

Thursday 12th June 2014 Commons Chamber

[Sir Tony Baldry]

My hon. Friend may recall that the Chancellor of the Exchequer made very generous provision of, if I recall correctly, £25 million to help to offset VAT costs on church repairs, so there is no reason why churches should be deterred from carrying out repairs and restoration by concerns about VAT bills.

[Damian Hinds (East Hampshire) (Con)]

8. What progress the Church of England has made on support for the provision of responsible financial services.

[Sir Tony Baldry]

The Archbishop of Canterbury’s Task Group has identified a number of initiatives to promote responsible credit and savings and is now implementing those initiatives across the country.

[Damian Hinds]

I am grateful to my right hon. Friend for that answer. The archbishop’s intervention has already had a profound and welcome impact. May I encourage the commissioners to do all they can to support that work through the clergy credit union, the use of premises, the promotion of volunteering and financial education in Church schools?

[Sir Tony Baldry]

I entirely agree that progress is being made. Credit unions are now being set up in towns and cities across the country. I refer my hon. Friend and the entire House—it is always good to see so many Members present for Church Commissioner questions—to a rap released yesterday by the Church of England entitled “We need a union on the streets”. It underscores the views of the Church of England on payday lending and highlights credit unions as a better way to borrow. It can be found at https://soundcloud.com/the-church-of-england/we-need-a-union-on-the-streets. The chorus is:

“What we need is a union, we need a union on the streets

Everybody hand in hand, people can’t you understand”.

Oral Answers to Questions

Debate between Damian Hinds and Tony Baldry

Thursday 10th October 2013 Commons Chamber

[Sir Tony Baldry]

I am glad to be able to report to the House that the Church Commissioners were part of a consortium of investors that will be partnering with Royal Bank of Scotland to set up a new bank, Williams & Glyn’s. It will be a vigorous challenger bank which is intended to set up the highest ethical standards and give consumers more choice, and I hope that it will work out how we can better help some of those denied access to financial services.

[Damian Hinds (East Hampshire) (Con)]

With regard to the first of my hon. Friend’s three prongs, are there any sub-prongs, by which I mean ways that local parishes can work with credit unions, perhaps through the use of premises, the recruitment of volunteers and board members, and, critically, raise awareness by marketing the credit unions?

[Sir Tony Baldry]

Absolutely; the Church of England is rich in resource, buildings and expertise, and we want to share all of that. We want to encourage many more credit unions to be established across the country.