(2 weeks ago)
Commons ChamberI am interested in what the hon. Gentleman says—I have been a critic of some privatisation myself—but it does not explain why those same malaises did not apply during the Blair years.
As I said, I think it goes back over decades, and it needs to be reversed. I thought the most radical measure in the Chancellor’s statement was the fiscal devolution. I am someone who, along with many others in the Chamber, has argued for business rates retention over many years. I look forward to seeing how that plays out.
I represent a young city, and I am confident and optimistic about the future if we can give our young people the opportunities they need. I was pleased to hear about the measures to support innovation and entrepreneurs. At the Innovate Cambridge summit last week, we were told by local people that as an innovation cluster by density, Cambridge ranked second in the world and first in Europe in 2026. Just a few months earlier, the Oxford-Cambridge Supercluster Board published research showing that the growth corridor has produced 740 university spin-outs—almost 70% more than the fabled Bay area in America—and produces more scientific publications per resident than anywhere else in the world.
As we know, all too often we manage to generate tremendous start-ups, but have a problem with scale up. The points in the statement about the National Wealth Fund and the British Business Bank can help us use the Oxford-Cambridge growth corridor to drive prosperity for the whole nation, not just the region. I welcome the announcement of the flexibility that will be offered to the Greater Cambridge Development Corporation, which will allow us to be innovative in the way we use public funds to also pull in private funds.
I welcome the optimism and confidence that the Budget brings, but I add one word of caution. The success and strength of cities such as Cambridge, and of the Oxford-Cambridge growth corridor, is based on the strength of our universities. Colleagues will know that universities are facing acute financial pressures, made more difficult by some of the measures that are being taken to address international students. The changing attitude of UK Visas and Immigration on visa applications is increasing the pressure, while the introduction of the international student levy will increase the financial pressure.
I strongly urge my colleagues on the Front Bench to talk to Universities UK and look at alternative ways to fund maintenance grants. I understand and appreciate that there are long-term structural issues, but it is dangerous to allow universities to get so close to the financial brink, and it potentially undermines the success of the Ox-Cam corridor and cities like Cambridge. We should be optimistic about our future. That we have the talent to succeed is based partly on the fact that we attract talent from across the world. We need to remain competitive internationally.
Innovation and knowledge are things that we are good at in this country. They should be celebrated, and there are measures in the Budget that will be strongly welcomed by innovators, but we need to ensure that they are not undermined unintentionally as the Government seek to address other issues.
(8 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.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
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My hon. Friend the Member for Hammersmith (Andy Slaughter) rightly raised the issue of citizens’ rights. Thousands of people in my constituency, and millions across Britain and the EU, are worried about their futures. Last year, we were told that this would be sorted out swiftly and that it would be simple, but it turns out that it is much more complicated. What is the position now in relation to the jurisdiction of the European Court of Justice?
(9 years, 8 months ago)
Commons ChamberI am not familiar with the individual case the hon. Gentleman raises. I will look at it in detail and come back to him, as is my normal approach. I say this, however: the European Court of Justice will not rule over the United Kingdom after the date of Brexit. That does not mean that we will not have a very humane, sensible and straightforward policy with respect to things such as family relationships, which the hon. Gentleman talks about.
We will want to have reached agreement on our future partnership within two years of the article 50 process. Article 50 is clear—we did not write it—that it should take two years to negotiate the withdrawal, and any deal must take into account the new relationship. We recognise that a cliff edge for business or a threat to stability would be in neither side’s interest. A phased process of implementation in which both Britain and the EU institutions and member states prepare for the new relationship is likely to be in our mutual interest, and that will be to everyone’s benefit if that is what we agree.
The tech sector is clear that the UK needs a watertight legal agreement on international data flows from the day we leave the EU; transitional arrangements just will not do. The best route will be an adequacy agreement, as other means are currently under legal challenge. As it took seven years to negotiate an adequacy agreement with Bermuda, what is the Secretary of State doing, with colleagues, to ensure that we avoid a cliff edge on data flows?
The hon. Gentleman raises a very important point, because that is central not just to IT and database industries, but to every industry now. The difference with Bermuda is that it was not at a point of identity of data standards when it started its negotiations. We will be at a point of identity at the point of departure, and we will undoubtedly have to agree some regime whereby we maintain equivalence—not identity, but equivalence—thereafter. It is unlikely that we will need transitional arrangements on that; it is much more likely that we will need an ongoing relationship on it.
(9 years, 9 months ago)
Commons ChamberWhen Switzerland voted in 2014 to restrict immigration, its future participation in key EU research programmes was thrown into doubt. Just a few weeks from the deadline, it has reached a compromise that allows it full participation, in return for free movement with some tweaks. Our science, research and university sector demands no less. Today, however, the Prime Minister offered no more than an aspiration: she offered no plan at all for the sector. Two years of uncertainty will do huge damage. Just how much damage to one of our key sectors are the Government prepared to countenance?
As nonsense questions go, that pretty much takes the biscuit. We have made very plain indeed what we intend in this regard. We are a dominant scientific power in the European Union. We have worked night and day to ensure that we guarantee the position of students and research grants, and we will continue to do so. If the hon. Gentleman plays that down, he will harm the very sector that he is supposedly trying to protect.
(10 years, 1 month ago)
Commons ChamberWe will be engaging with local government—including on that report, I imagine. I say this to the hon. Lady, however: beyond 2020 there will be a new EU budget round. As it stands, it is not at all clear that that will be as generous as the current one. I do not think that she should extrapolate based on today’s numbers.
The Secretary of State will be aware of the importance of the life sciences and pharmaceutical industries to our economy. He will also be aware of the comments of the chief executive of AstraZeneca over the weekend, who warned that if we are not part of the European common approvals process the cost of drugs to the NHS will rise. Is the chief executive of AstraZeneca right on that? If so, that is less money for the NHS, so how much does the Secretary of State think that is going to cost us?
I am not in a position to do those sums for the hon. Gentleman, but I will tell him that that is one of the things that we will seek to get standardised. There will be a number of areas such as life sciences where we have a big interest. We are, after all, the largest life science centre in Europe, so that will be front and centre of our negotiations.