The Growth Plan

Debate between Baroness Laing of Elderslie and Kwasi Kwarteng

Friday 23rd September 2022 Commons Chamber

[Madam Deputy Speaker (Dame Eleanor Laing)]

Order. We need a question. If there is no question, the Chancellor of the Exchequer cannot answer.

[Kwasi Kwarteng]

I am not sure there was a question. We have to focus on growth. Through growth we get more tax revenue to pay for public services. That is a fundamental notion and that is what we are focused on.

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[Madam Deputy Speaker]

Order. I politely asked the hon. Lady just to put her question; can she not just put her question? Has she put it? I did not hear it.

[Kwasi Kwarteng]

Madam Deputy Speaker, I was not clear what the question was, but if the hon. Lady was suggesting that we have not helped people with our growth plan, I gently remind her that the energy intervention helps nearly everybody; that the reversal of the national insurance increase helps 28 million people and gives them £330 a year; and that accelerating the 1p cut in the basic rate gives £300 a year to the average worker. Those are substantial benefits that I am sure the hon. Lady’s constituents will appreciate.

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[Kwasi Kwarteng]

That is a complete misrepresentation, or wilful misunderstanding, of our position. What we have done in the growth plan is protect millions and millions of vulnerable people. We have allowed them to keep more of their own money—I know that the hon. Lady is not necessarily in favour of that—and we want to drive growth and entrepreneurialism in our economy.

[Madam Deputy Speaker (Dame Eleanor Laing)]

And finally, the prize for perseverance and patience goes to Ian Byrne.

[Ian Byrne (Liverpool, West Derby) (Lab)]

We have a Budget for the 1% from a grim, bankrupted Thatcherite tribute act. One in three people in my great city are in food poverty now. I have constituents who are unable to put the heating on, take a hot shower or put a meal on the table—and that is with prices at current levels, which are meant to double from January. This statement does absolutely nothing for them, so will the Chancellor actually focus on the people who face a humanitarian disaster across all our communities, instead of playing to the rich bankers who bankroll his party? Will he meet and sit down with me to discuss how a right to food could right some of the wrongs in society?

[Kwasi Kwarteng]

As a Minister I have always been open to colleagues on both sides of the Houses and people have spoken to me. Regrettably, sometimes some of my conversations are leaked to the press, but I would be happy to speak to the hon. Gentleman on an issue of concern to his constituents.

[Madam Deputy Speaker (Dame Eleanor Laing)]

In a moment, I will call the Chancellor of the Exchequer to move the provisional collection of taxes motion, copies of which are available in the Vote Office. This is in accordance with Standing Order No. 51(2), on Ways and Means motions, which states:

“A Minister of the Crown may without notice make a motion for giving provisional statutory effect to any proposals in pursuance of section 5 of the Provisional Collection of Taxes Act 1968. The question on such a motion shall be put forthwith.”

Resolved,

That, pursuant to section 5 of the Provisional Collection of Taxes Act 1968, provisional statutory effect shall be given to the following motion:

Stamp duty land tax (reduction)

That—

(1) Part 4 of the Finance Act 2003 is amended as follows.

(2) In section 55(1B) (amount of stamp duty land tax chargeable: general), for Table A substitute—

Russian Oil Import Ban

Debate between Baroness Laing of Elderslie and Kwasi Kwarteng

Wednesday 9th March 2022 Commons Chamber

[Kwasi Kwarteng]

We are absolutely engaged with that. As someone who is very interested in the 1970s, my hon. Friend will remember that the oil price quadrupled in three months. We are facing a difficult time. The Department is fully aware of the urgency of the problem, but he will appreciate that a lot of the investment that we needed to make simply was not made. We did not make enough commitment to nuclear—that was a historical mistake of previous Governments—but we are focusing on dealing with the problem in the here and now, and that is why my right hon. Friend the Prime Minister and I are coming up with a plan in the next few days to track—[Interruption.] I find it extraordinary that the right hon. Member for Doncaster North (Edward Miliband), who was responsible for energy policy in the last Labour Government, is smirking from a sedentary position, when he comprehensively failed the nuclear sector, completely failed on energy supply and completely failed on energy resilience. We are still trying to clean up his mess. I say to my hon. Friend that we are working on these plans.

[Madam Deputy Speaker (Dame Eleanor Laing)]

We will have no more interventions from a so-called sedentary position.

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[Kwasi Kwarteng]

I recognise the hon. Lady’s commitment to tidal stream, and she will be good enough to notice that this is the first time that any British Government have committed to supporting any marine energy renewable project. There is always the clamour for more. We should do more, and we could do things more quickly, and I am happy to work with her and other Members across the House to see how best we can do that.

[Madam Deputy Speaker (Dame Eleanor Laing)]

I thank the Secretary of State for his thorough answers to a great many questions on this important subject.

Income Tax (Charge)

Debate between Baroness Laing of Elderslie and Kwasi Kwarteng

Thursday 28th October 2021 Commons Chamber

[Madam Deputy Speaker (Dame Eleanor Laing)]

Order. I remind the hon. Gentleman that he cannot address the Minister as “Minister”; he has to address him as “the right hon. Gentleman” or say “would the Minister?”, because when he says “Minister” that is second person, vocative case. He cannot say “Minister.” Other Members might know that the hon. Member for Strangford (Jim Shannon) and I have been having this conversation now for several years and it is my ambition that he will get it right, and one day he will.

[Kwasi Kwarteng]

We are very grateful for the long-forgotten grammar lessons administered from the Chair.

Hydrogen is important, and we have had debates on it in Westminster Hall and this place. I look forward to engaging with the hon. Member for Strangford (Jim Shannon) on this; I am due to visit Northern Ireland and I am sure we will have very constructive conversations.

The global investment summit was a huge success, and it was proof that, contrary to the picture of devastation, gloom and pessimism painted by Opposition Members, we are open for business as a country and attracting investment to a degree we have never seen before. It showed in the Budget yesterday that, as we race towards a new and brighter future, the Government will make driving economic recovery through private investment—that is central to this—a top priority. That is something I certainly commend to the House.

Advanced Research and Invention Agency Bill

Debate between Baroness Laing of Elderslie and Kwasi Kwarteng

2nd reading
Tuesday 23rd March 2021 Commons Chamber

[Kwasi Kwarteng]

Forgive me, I did not say that it was modelled on that example. I said that it was inspired, and I referred allusively, in my usual way, to historical precedent. I never said that it was modelled exactly on the American example. I am sure that the hon. Gentleman will make a fuller contribution to the debate.

Let me make some progress. Different funding methods obviously suit different projects. ARIA may seek to use seed grants. It will have inducement prizes. It may make its own investments in companies. All of these different approaches will drive innovation, and that will allow ARIA to target, for example, a Scottish university or a semiconductor start-up in Wales and to ensure that researchers across the UK can contribute to developing the key technologies for tomorrow.

ARIA will also have strategic independence. It will, as I have said, have the freedom to fail; it will have the freedom to take a long-term view and to experiment with new ways of funding the most ambitious research, which experience tells us is a necessary ingredient for some of the best results. A key part of this freedom will be trusting the leadership of ARIA to identify and decide on areas of research with perhaps the greatest potential. The Bill limits the ability for Ministers, as it should do, to intervene in ARIA’s day-to-day operations or to direct funding decisions. Instead, ARIA will have a highly skilled team of leadership programme managers who, supported by the board, will ensure strong strategic oversight over the portfolio of programmes. As the Bill makes clear, ARIA must have regard to the benefits of that research to the UK—to the people of this country—in terms of not only economic growth but trying to ensure that innovation can improve the quality of life of all our fellow subjects.

Our response to coronavirus as a nation has shown that agility is crucial in funding research in this fast-moving world. All of this work builds on action already taken by the Government and by UK Research and Innovation to reduce unnecessary bureaucracy in the wider ecosystem. We have learned from agencies such as DARPA in the US—the hon. Member for Cambridge (Daniel Zeichner) will be pleased to learn that—which has shown that we need to go several steps further in creating a culture that is primarily focused on pursuing high-risk research. There is a cultural need in such an organisation for autonomy and a measure of dynamism, which can be achieved through exceptional leadership and, perhaps most importantly, through a flat, streamlined structure.

ARIA will benefit from being a small and nimble agency. It will create a unique environment for its programme managers to be completely focused on their particular research proposal. The Bill therefore provides ARIA with some additional but proportionate freedoms, which are not generally found in the rest of our system. For example, it exempts ARIA from public contracting rules. That will allow ARIA to procure R&D services and equipment relating to its research goals in a similar way to a private sector organisation. To ensure that that process is transparent, it sits alongside a commitment in the Bill to audit ARIA’s procurement activities.

In order to further this research-intensive culture, ARIA has been given extensive freedoms. However, we will ensure, as the Bill does, that the organisation submits a statement of accounts and an annual report on its activities, which will be laid directly before Parliament. Those commitments to transparency will sit alongside the customary and necessary scrutiny by the National Audit Office.

It is clear that ARIA will be a unique and extremely valuable addition in our research landscape. It will create a more diverse, more dynamic and creative funding system, which will ensure that transformative ideas, wherever they may come from, can change people’s lives for the better.

I am very conscious that there is a huge amount of interest in this debate on the Back Benches on both sides of the House. I have committed myself not to go on for two hours or whatever the customary length of time might be. Having been a Back Bencher myself, I know that it is often frustrating to hear Front Benchers trench on parliamentary time. As a consequence, I hope that hon. and right hon. Members will agree that, as we build back better, we can have a full debate today about the merits of ARIA and its necessary existence. I hope that the Bill will show the Government’s strong commitment to building on a wonderful research base. On that basis, I commend the Bill to the House.

[Madam Deputy Speaker (Dame Eleanor Laing)]

This is an opportune moment for me to give notice to people who are hoping to speak in the debate—those here in the Chamber, but particularly those at home who perhaps might not pick up the atmosphere and be tempted to do the opposite of what the Secretary of State has just said by taking rather longer than they ought to take. I am going to try to run this Second Reading debate without a formal time limit, in the hope that Members will act reasonably and unselfishly towards their colleagues, and keep their speeches to about five to six minutes, or less. I say this particularly to people who are at home, because I cannot nod to them or grimace at them to let them know when they have spoken for too long. Five minutes would be just about right for everyone who wishes to speak to have the opportunity to do so.

Employment Rights: Government Plans

Debate between Baroness Laing of Elderslie and Kwasi Kwarteng

Monday 25th January 2021 Commons Chamber

[Kwasi Kwarteng]

What I will mention is the introduction of the national living wage—[Interruption.] I will also mention the fact that we have doubled the personal allowance, which was at £6,450 when we came to office in 2010 and is now hitting £12,000. We take no lessons or lectures from the Labour party on helping the most vulnerable people in our society. This Government have a proud history of protecting and enhancing workers’ rights, and we are committed to making the UK absolutely the best place in the world to work.

Before I open the Floor to other Members for their contributions, I can confirm to you, Madam Deputy Speaker, that the amendment in the name of the Prime Minister will not be moved this evening.

[Madam Deputy Speaker (Dame Eleanor Laing)]

For the avoidance of doubt, the Secretary of State has not moved the selected amendment, as he has just said, and therefore the question before the House remains the question already proposed, as on the Order Paper. We now go to the Scottish National party spokesman, Drew Hendry.