Ed Miliband
Main Page: Ed Miliband (Labour - Doncaster North)Department Debates - View all Ed Miliband's debates with the Cabinet Office
(10 years, 11 months ago)
Commons ChamberMy hon. Friend makes an important point. Constituencies across the House will have people who hold Co-op bonds who are very worried about what will happen to their investment. Let me be clear that the first priority is to safeguard this bank—and to make sure that it is safeguarded without using taxpayers’ money. That must be the priority. My right hon. Friend the Chancellor will be discussing with the regulators what is the appropriate form of inquiry to get to the bottom of what went wrong, but there are clearly a lot of questions that have to be answered. Why was Reverend Flowers judged suitable to be chairman of a bank, and why were alarm bells not rung earlier, particularly by those who knew? In the coming days, it will be important for anyone who has information to stand up and provide it to the authorities.
I join the Prime Minister in paying tribute to Warrant Officer Ian Fisher of 3rd Battalion the Mercian Regiment. He died serving his country, and all our thoughts are with his family and friends.
Can the Prime Minister tell us how his campaign to save the Chipping Norton children’s centre is going?
I support children’s centres across the whole of the country. The fact is that, in spite of very difficult decisions that have to be made right across the country, the number of children’s centres has reduced by around 1%. Like all Members of Parliament, I fight very hard for services in my constituency.
The Conservatives are going round saying that children’s centres are safe and there is no threat to them. Things are so bad that the Prime Minister has even signed a petition in his own area to save his local children’s centre. Can he clarify: is the petition addressed to his local Tory council, or is he taking it right to the top?
More people are using children’s centres than ever before in our country. The right hon. Gentleman does not want to give the figures, but there are 3,000 children’s centres. This Government can hold their head up high, because we are increasing the amount of money that is going to local councils for children’s centres. That is what is happening under this Government.
We all wish the right hon. Gentleman luck in his fight as a local Member of Parliament. Imagine what he could achieve if he were Prime Minister of the country!
I think that we have established the Prime Minister’s double standards in Oxfordshire. Let us take another example. In Tory Essex—[Interruption.] I know that the Tories do not care about children’s centres, but they should hush down a bit and listen. In Tory Essex, they propose to close 11 centres and downgrade 37, whose opening hours will fall from 50 a week to as few as five. So there will be fewer centres, fewer staff and fewer hours. How is that doing what the Prime Minister promised to do before the election, which was to protect and improve Sure Start?
Let me tell the right hon. Gentleman what is happening to child care under this Government. For the first time ever, there are 15 hours a week of child care for every three and four-year-old in the country. That never happened under Labour. For the first time, under this Government, there are free child care hours for every disadvantaged two-year-old in the country. That never happened under Labour. Also, to come, there will be tax-free child care under this Government. That never happened under Labour. And the child tax credit has been upgraded by £420 under this Government. That is what is happening, but let me be clear: there is one policy that we will not adopt, and that is Labour’s policy of funding more hours through its bank levy. I will tell you why: Labour has already spent the bank levy 10 times over. The youth jobs guarantee, VAT cuts, more capital spending—Mr Speaker, that is not a policy; it is a night out with Reverend Flowers.
Let us talk about the people the Prime Minister associates with—[Interruption.]
Order. Let the House calm down. I am concerned, as always, about Back Benchers, and Back Benchers who want to speak should be accommodated, so calm down and let us move on.
The Prime Minister obviously wants to talk about who he associates with. He has taken nearly £5 million from Michael Spencer, whose company was found to be rigging LIBOR; he has a party chairman who operated a company under a false name and was investigated for fraud; he has taken millions from tax exiles and tax avoiders; his party has never paid back the money from Asil Nadir—and they are just the people I can talk about in this House. Did not the planning Minister have it right yesterday, when he said
“the single biggest problem the Conservative party faces is being seen as the party of the rich”?
How extraordinary that, today of all days, the right hon. Gentleman wants to talk about the people he associates with and takes money from, because what we can now see is that this bank, driven into the wall by this chairman, has been giving soft loans to the Labour party, facilities to the Labour party, donations to the Labour party, has trooped in and out of Downing street under Labour, and is still advising the leader of the Labour party—and yet now we know that Labour knew about his past all along. Why did Labour do nothing to bring to the attention of the authorities this man who has broken a bank?
I think we can take it from that answer that the Prime Minister does not want to talk about his planning Minister. Where is the planning Minister? Where is he today? Only last January, the Prime Minister was praising him to the rafters, saying that he was leading the debate. I think that the House should hear more from him. This is what he says about the Tory party: that it stands for people who
“work for private equity”
and
“make a ton of money.”
He is right, isn’t he?
We have finally found a public inquiry that the right hon. Gentleman does not want. He comes to the House and asks for inquiry after inquiry into the culture and practices of this and that, but when it comes to the Co-op bank, he is absolutely frightened of it.
This is also an interesting week in which to talk about people on the Front Bench. This week, the right hon. Gentleman referred to his own shadow Chancellor as a “nightmare”. I am sorry; I hate to say “I told you so”, but I have been saying that for three years. However, that is not the most interesting thing in this fascinating exchange of e-mails. Labour’s head of strategy—yes, they do actually have one—replied to the shadow Chancellor:
“When did built to last become a part of our thing?”
I agree. Their policies are not built to last; they are built to self-destruct in about five seconds.
What the Prime Minister has shown comprehensively today is that he has no answers on the cost of living crisis facing families up and down the country. That is the truth and his close friend the planning Minister is right. [Interruption.]
Order. The House must calm down. Questions will be heard, however long it takes; it is very simple.
The Prime Minister’s close friend the planning Minister is right. He says this: there are many people who “don’t like” the Tory party and “don’t trust” its motives, and he says that the Prime Minister is not the man to reach them. What he is really saying is that this Prime Minister is a loser.