(12 years, 4 months ago)
Commons Chamber1. If he will consider imposing a further bonus tax on banks to fund job creation for young people who are unemployed.
The bank payroll tax is a one-off measure, but the Government have gone further by imposing a permanent bank levy that will raise £10 billion over the course of this Parliament. Those funds will help to pay for the youth contract, introduced this month, which will provide up to 500,000 young people with new education and employment opportunities.
So the answer is no: they are not going to introduce a bank bonus tax that could provide jobs for 100,000 young people and still leave money to spend on providing a training facility at Markham vale, which would serve all the constituencies of south Yorkshire and the north midlands. What an opportunity! If this posh, arrogant Government will not do that, the next Labour Government will do it for them.
(12 years, 4 months ago)
Commons ChamberI completely agree with the former Foreign Secretary. The agreement at the weekend is about ensuring that the IMF is fully resourced to deal with whatever is thrown at it. Of course, if problems were to emerge and future programmes were to be required, there would be an enormous amount of scrutiny of what those programmes would consist of, what the conditions would be, and the like, but what we would not want at such a time, when the markets would no doubt be incredibly febrile and when confidence in Britain and other countries would be evaporating, is a question mark hanging over whether the IMF has got the money to solve the problem. That is why countries from around the world have decided to make this contribution.
Does not the Chancellor realise that he would have a much stronger case on loans to the IMF if he was not practising austerity here in Britain and calling on all families to pay for the bankers? Does not he recall that when the IMF was set up we had a Labour Government who introduced a national health service, built a welfare state, built education for all and left us with fewer than 500,000 people unemployed? That Government went for growth, and that is the kind of policy he should be going for here, instead of calling for austerity for everybody else.
What I say is that the hon. Gentleman is betraying the spirit of Ernest Bevin, Hugh Dalton, Clement Attlee and the members of that Government, who came together after the second world war to build new international institutions to make sure that, in future, the world would come together to sort out its economic problems, instead of walking away from other countries, which is what we would be doing if we followed the hon. Gentleman’s advice.
(12 years, 6 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.
This information is provided by Parallel Parliament and does not comprise part of the offical record
My hon. Friend has raised an important point, although it will not necessarily fall within the scope of the review, which will look at the specific arrangements that we are discussing. However, we have substantially reduced the bonus payments to many individuals and the total amounts available in Departments’ bonus pools. That is the right approach. Of course, we also need to ensure that good performance is properly recognised at all levels in the public sector, and that is what the arrangements that we have in place do.
Which Minister is going to carry the can for this mess?
Well, I am here answering questions about it, and that is appropriate, given that the question was a general one about tax avoidance, which I am very pleased to answer.
(12 years, 8 months ago)
Commons ChamberWe need legislation that works effectively for British banks across Europe; British banks have subsidiaries in other European countries. Actually, a single market in financial services would be a very good thing—and it is a good thing for this country, although we need to see it deepen. We also need to make sure that countries with very large banking systems, such as our own, are able to take national decisions that protect our banking systems. I am confident that we can secure agreement to that.
Is there not a possibility that if the banks are split up, there will be more top bankers than there are now? What we need in Britain is small business growth and large business growth. The chances are that the most reviled group of people in the land—the top bankers—are going to multiply.
I do not think that it automatically follows that if we ring-fence the banks, we double the number of bankers. It is our intention, yes, to have a successful financial services industry, which is very important in Derbyshire, Cheshire, where my constituency is, the west midlands and Scotland, as well as in the City of London.
However, we do not want our entire economy to be in hock to the City of London; that is what we are seeking to avoid. We do not want to put all our bets on the City of London. That is what happened over the last 13 years, and it went disastrously wrong. The Government are determined to build up other sectors of the economy, including manufacturing and small businesses. The very fact that later today we are debating the Government’s apprenticeship programme shows our commitment as a Government to building up those other industries.
(12 years, 8 months ago)
Commons ChamberI absolutely agree with my hon. Friend. We have been able to take action on fuel duty so that taxes on petrol will be 10p lower than they would otherwise have been. We have taken action to reduce the increase in rail fares. I also stress that we have helped small businesses that employ people by extending the business rate freeze.
If we are all in it together, why has the Chancellor announced further restrictions on pay for working people and their families, while the bankers who caused the recession are taking home salaries of up to £4.5 million? Is it because the people on that side on millionaire’s row are looking after their friends in the banking system, while kicking the workers in the teeth?
I think the hon. Gentleman will find that it is half of the last Labour Cabinet who are working in the City at the moment.
If the hon. Gentleman is so passionate about this issue, why did he not press the Government he supported for 13 years to introduce a bank levy? On public sector pay, the shadow Chancellor was completely silent about whether the Labour party supported 1% average increases after the freeze ends. No doubt we will find out more about that later this afternoon.
(12 years, 9 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.
This information is provided by Parallel Parliament and does not comprise part of the offical record
We have made it very clear that the instability and uncertainty in the eurozone has a chilling effect on the UK economy. What our actions have been driving towards over the course of the last few months is encouraging our partners in the eurozone to take the action needed to tackle the problems so that we can see economic growth strengthened across the whole of the European Union.
I wonder whether the Minister has seen the film “Groundhog Day”. I was here in the early ’90s with another Tory Government, another euro crisis and another Prime Minister battling for his life—the same players, only this time there are about 40 more Tory rebels. It finished up with a Prime Minister being kicked out of office.
(13 years, 1 month ago)
Commons ChamberFirst, I want to apologise for not being here in the earlier part of the day. I was at the hospital all day having some nuclear medicine, they called it. It is a new-fangled thing, and I would warn anybody, if you have got a chance to avoid it, avoid it. They stick a drug in you, and you feel like you are dying. What they are trying to do is put your heart under so much pressure that they can see whether you can stand the anaesthetic for a hip replacement in the near future. That is where I have been, and I missed all these wonderful contributions on the Queen’s new allowance—her winter heating allowance, or whatever it is.
I remember well, way back in 1971, being joined by a lot of people in the House who were on the left wing at the time in voting against the Queen’s money. Quite a number of them are now in the House of Lords—[Laughter.] [Hon. Members: “Name them!] I can’t name all of them because I ain’t got time. They are all there. I remember that occasion very well because they were dining and wining on the fact that they had just voted against the Queen’s money, or the royal money.
I am here today—I just managed to get back in time for Third Reading. My view about the monarchy has been pretty much the same all my life. I remember in the pit village of Clay Cross, when I was a bit of kid during the second world war—or maybe just a bit before—kids on the street saying that the royal family had blue blood, but I just could not buy that. My inquiring mind prevented me from being like the rest of the lads on the street.
There is no doubt about it: the royal family were very popular in those days, notwithstanding King George VI not being able to speak properly on the radio. I heard all that, but notwithstanding, they were popular then, but there have been phases since when their popularity has waned, especially when Murdoch was the toast of the town—which he now ain’t. We have been slagging off Murdoch all week and telling him to sling his hook back to America and all the rest of it, but his papers had an influence. I am sure that there were times when Murdoch newspapers made a reasonable contribution to the talk about the dysfunctional royal family and all the rest of it, but I also believe that Charles himself made a contribution, because quite frankly, he is not liked. Those hon. Members who are royalists know in their hearts that they do not really want to see him be the king. When I take people from the women’s institute round the House of Commons and the House of Lords and show them the throne, they say, “Who sits in that other seat? I say, “Well, perhaps it’s Charles, but eventually, he’s gonna sit in the big seat.” They say, “Who will be in the other one?” and I say, “Camilla,” and they say, “No! We don’t want her!”
Order. I am speaking now from this big seat. It would be very good, first, if the hon. Gentleman could at least refer to the royal family in a dignified manner, as has happened almost throughout the debate, and secondly, if we could get back to Third Reading. I know that for unavoidable reasons, the hon. Gentleman was unable to be here earlier, but I am sure he knows what the Bill says. Could he get back to it?
I know that the Bill is all about £35 million in the time of a recession. The truth is that people out there, notwithstanding what anybody else tells them and irrespective of this debate, will be saying, “Here we are. We’ve got a pay freeze, inflation’s going through the roof and energy prices are going up. Because of welfare reform, they’re cutting disability allowance. Three thousand blind and disabled people have marched through London for their money, and yet, on one given day, they are able to find the money for the royal family.”
So, to go back chronologically to my story about the royal family, I was a bit of a kid, but then I got elected to Clay Cross council. I do not know what happened, but when I became chairman of the council, I got a big package, which turned out to be an invite to the royal garden party. I looked at it, and found they had included a little diagonal cross to put in the car—of course, I hadn’t a car, a bank account or a telephone. I said to a mate of mine, “You’d never believe the bumf that they’ve sent—all these different things for the royal garden party.” He said, “What did you do with it?” and I said, “I chucked it in t’dustbin.” I said, “There were even a thing to put in your car.” He says, “What colour were it?”—[Interruption.] No! He was asking what colour the pass was, not the car. He had seen one before, because he had been to the races to Cheltenham and Ascot and seen it. He says, “Get that pass!” I said, “Well, it’s in the dustbin,” and he says, “We’ve not emptied Wheatcroft close yet.” So I got the pass out. I saw him after he had retired, and I said, “Ay up, Joe, did you ever use that pass?” “Use it?” he says, “It’s here in t’glove compartment. I’ve used it every year. I go straight into Royal Ascot, not just the royal enclosure.”
Order. I let the hon. Gentleman finish the story because I wanted to hear the end, but it still has nothing to do with the Bill. May we please get back to the Bill?
I am trying to explain that there are people out there who do not give a hoot about the royal family. The truth is that my old mate Joe, who has now passed on, wanted the pass, and that is how he felt about it. He wanted to be in the royal enclosure, unlike me. Obviously I did not go to the garden party—I have never been to one, although they tell me that Willie Hamilton did. I don’t know about that. I’ll tell you one thing though. Despite all the security, they are still using the same car passes now. So we have had the IRA, Islamic fundamentalism, 9/11, bombs on the underground and buses, and they are still using the same passes on the Mall—so they tell me.
Anyway, to get back to the Bill—[Hon. Members: “Yeah!”] I know they didn’t really like those stories anyway and we have only got a couple of minutes left. What I wanted to say is that I have always taken the view that the royal family cannot be regal and common at the same time. I thought when television came in they wanted to appear regal on the one hand but also to be like “Coronation Street” people on the other. So they got on the telly and they were playing those games and all the rest of it. I think that the Queen was badly advised. She should have kept control of them. If I had been on the advisers list, I would have told her that. But I wasn’t. I know that Charles wanted to meet me one day, and that Nicholas—well, whatever seat he stands for, he sits over there—who was a friend of Charles, said to me, “Charles wants to speak to you”. I said, “Why?” He said, “He thinks you’re very interesting.” I said, “Why, has he stopped talking to plants?” [Interruption.] It’s a friendly remark!
Anyway, I believe that at that time support waned quite remarkably. I think it is a bit higher now, but I still believe it is not the 90-odd per cent. that some people imagine it. It is more like 60:40. I do not accept either that the Queen does not have powers. I was here in 1974, during the strike and the “miners’ election”, when Heath said, “You either vote for me or you vote for the miners.” The truth is that Labour won a marginal victory. We had a tiny number of seats more than the Tories.
Order. This is going to come as a great disappointment to you, Mr Skinner, but you cannot talk this Bill out because at 6 o’clock, I am going to put the question. If you could now refer specifically to the Bill, we would be grateful.
I know I have talked out several Bills in the past, but I did it by moving a debate on the writ for the Brecon and Radnor by-election and the Richmond by-election and all the rest of it. But now you have stopped me doing it, Mr Deputy Speaker. What I have to say is that here we are at a time of welfare reform, inflation and all the rest of it, and suddenly, in one day, the House of Commons changes its whole attitude and says, “We’ve got enough money. The royal family need more to live on.” And what does it do? It votes for it. Well, if I can find another teller, I’ll be voting against. Thank you very much.
(13 years, 2 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.
This information is provided by Parallel Parliament and does not comprise part of the offical record
The IMF is the body best placed to decide the conditions to be attached to any rescue package that it puts forward. Strict conditionality is attached to the rescue package for Greece, including significant privatisations, tax collection reform and wider structural reforms. However, I think that this is a judgment for the IMF to make.
Does the Minister recall that when the Tories and Liberals were in opposition and sat over here on the Opposition Benches, the Tories wanted to see the collapse of the eurozone, but the Liberal Democrats thought the opposite and wanted to prop it up? Here we are today with a great opportunity to see the back-end of the euro, and I can only reach the conclusion, based upon his complacent answers, that the Lib Dems are running the coalition.
(13 years, 5 months ago)
Commons ChamberThe hon. Lady is right that there has to be a balance between the environmental aspects of taxes on fuel and living standards. However, I find, all too often, that on the green side of the argument the social justice aspects of imposing environmental tax rises are not thought about enough, and such measures tend to hit hardest people whom we are least able to help. She needs to help all of us, when we are thinking about this, by bearing in mind the effects on poverty of environmental taxes.
The fuel duty escalator was introduced by the former Tory Chancellor of the Exchequer, the right hon. and learned Member for Rushcliffe (Mr Clarke). One of the first things that the Labour Government did on assuming office was to make sure that we did not pursue that policy. [Interruption.] Oh, yes. That is why, on several occasions in our 13 years, the Labour Chancellor of the Exchequer got rid of the fuel duty increase. That is the truth.
(13 years, 6 months ago)
Commons ChamberI agree with my hon. Friend that the banks should show restraint and an appreciation of the society in which they operate, the challenges that we face with the economy and, indeed, the squeeze on families’ incomes, in part due to the high prices of things such as oil and food. I make this observation: the bonuses this year will be lower than those in the last year of the Labour Government; and, as a result of this agreement, they will also be lower than they would have been, a point that will be confirmed by the independent non-executive director of the individual bank.
Why should anybody believe that the Chancellor of the Exchequer has got the guts to take on the banks, when today it is revealed that he and his friends in the Tory party—those on millionaires’ row—have picked up £44 million from those bankers in the City? Why should we believe all this rubbish?
I thought that the hon. Gentleman might ask a question like that, so I did a bit of research and discovered that one of the biggest donors to the shadow Chancellor’s party leadership campaign was a Michael Sanzone, who started off at ABN Amro, moved to RBS and ended up at Lehman Brothers before supporting his campaign. They are probably the four most catastrophic decisions of recent years.