Universal Credit

Debate between Esther McVey and Philip Hollobone

Monday 5th November 2018 Commons Chamber

[Ms McVey]

I hope that the hon. Lady will be voting for the changes that may give 1 million more disabled people an extra £100 a month, and the extra protection for the severe disability premium for 500,000 people, which is key. As I have always said, should we need to give any more support for vulnerable groups, we will work—and I will work with the Chancellor—to ensure that that happens. However, I commend to the hon. Lady the managed migration regulations, which, as she will see, provide for significantly more support.

[Mr Philip Hollobone (Kettering) (Con)]

The Opposition love to talk about benefit cuts. Will the Secretary of State confirm that, as a result of the measures in the Budget, spending on universal credit, when it is fully rolled out, will be £2 billion a year more than spending on the equivalent legacy benefits, and that this will be worth £300 a year to each universal credit family?

[Ms McVey]

My hon. Friend is right. That was in the forecast for 2023-24 in the Office for Budget Responsibility’s Budget report. We are a party that is fair to the most vulnerable and supports the rest into work. To be honest, I do not know why Opposition Members are voting against helping the most vulnerable and giving them more support than they would be given by the legacy benefits.

Universal Credit

Debate between Esther McVey and Philip Hollobone

Thursday 5th July 2018 Commons Chamber

[Ms McVey]

If I may correct the hon. Lady, it was not to do with the letter. She incorrectly says that I came after the letter, but I asked whether I had got anything wrong and I checked things out myself. Nobody asked me or told me to come to House; I came here of my own volition. What I do not agree with—we stand by this—are the conclusions of the report in its entirety.

[Mr Philip Hollobone (Kettering) (Con)]

Will my right hon. Friend confirm that universal credit simplifies the benefits system, helps to get more people back into work, and better targets financial help at those people who need it?

[Ms McVey]

I am happy to provide clarification: universal credit does simplify the system. It also provides the individual with more help to get a job. We know that people are getting into work quicker, staying in jobs longer, looking for work for longer and, on average, increasing their income at the end of the year by £600. That is what it is about: helping people to get on in life.

Work and Pensions

Debate between Esther McVey and Philip Hollobone

Thursday 8th February 2018 Ministerial Corrections

[Mr Philip Hollobone (Kettering) (Con)]

Financial directors must not cause detriment to any private sector pension scheme. Will my right hon. Friend ensure that the rules and regulations regarding the investigation of this sort of practice are toughened up, because we cannot allow this to happen in future?

[Ms McVey]

My hon. Friend is absolutely right. The Government are seeking to ensure that the regulator will—our new Bill will come out later in the year—have more rights to fine, follow criminal procedures and look into mandatory clearance. Those of us who have studied corporate governance realise that the rules changed in 1991—the Cadbury report and the OECD corporate governance rules—and were strengthened in 2002. I believe that now, under this Conservative Government, we will be strengthening the corporate governance rules again. [Official Report, 5 February 2018, Vol. 635, c. 1187.]

Letter of correction from Ms McVey:

An error has been identified in the response I gave to my hon. Friend the Member for Kettering (Mr Hollobone).

The correct response should have been:

Oral Answers to Questions

Debate between Esther McVey and Philip Hollobone

Monday 5th February 2018 Commons Chamber

[Ms McVey]

What the Government did successfully back in 2004 was set up the Pension Protection Fund, which is there to compensate people should their businesses become insolvent. This is what the fund will be doing: affording protection at 100% for those who have a pension. Those not yet on a pension will be getting 90%. The Government are ensuring that businesses are responsible to their employees and their pensions. We will be bringing in stronger corporate governance rules to make sure that boards, trustees, shareholders and stakeholders hold company executives to account.

[Mr Philip Hollobone (Kettering) (Con)]

Financial directors must not cause detriment to any private sector pension scheme. Will my right hon. Friend ensure that the rules and regulations regarding the investigation of this sort of practice are toughened up, because we cannot allow this to happen in future?

Personal Independence Payment

Debate between Esther McVey and Philip Hollobone

Tuesday 23rd January 2018 Commons Chamber

[Ms McVey]

We will do everything systematically and coherently. We will get to people affected by any incorrect decision as soon as possible.

[Mr Philip Hollobone (Kettering) (Con)]

I welcome my right hon. Friend to her post and congratulate her on her response to the urgent question. My constituents in Kettering would like to know whether there are more or fewer disabled people in work in 2018 than in 2010.

Private Sector Pensions

Debate between Esther McVey and Philip Hollobone

Monday 22nd January 2018 Commons Chamber

[Ms McVey]

That is a matter for the Pensions Regulator, but obviously we have the Pension Protection Fund in place, and we will be looking to ensure that pensioners are safe and protected.

[Mr Philip Hollobone (Kettering) (Con)]

How is it that some of these private sector pension fund deficits are allowed to get so large before any action is taken?

[Ms McVey]

We allow businesses to run themselves without interference from Government, and therefore we do not know the complete structure of their profit and loss, and of their assets and liabilities. Should anyone wish to raise a concern about their business, they are free to do so with the regulator. With our combined corporate governance review and new legislation, we will make sure that pensions are on as firm a footing as possible. We will make sure that such abuses do not happen.