Oral Answers to Questions

Debate between Esther McVey and Rebecca Pow

Thursday 28th October 2021 Commons Chamber

[Esther McVey (Tatton) (Con)]

T4. I welcome the Government’s commitment to restoring peat bogs. What support, financial and otherwise, will be given to Lindow Moss in my constituency?

[Rebecca Pow]

We are providing £15 million for peatland restoration through our nature for climate fund. A lot of that money has already started to be dispensed to projects. We announced £16 million for projects between Cornwall and Northumberland. It is competitive and one has to put a good case, but if my right hon. Friend wants to consider making applications for Lindow Moss it would be well worth looking at.

Private Sector Pensions

Debate between Esther McVey and Rebecca Pow

Monday 22nd January 2018 Commons Chamber

[Ms McVey]

The hon. Gentleman is right that we are looking for ways to bring to account those who have not acted scrupulously. The regulator has taken measures, and they have proved successful. For example, BHS was prosecuted and we recouped £363 million. We have to adapt to situations as they arise and try to pre-empt other things, because none of the cases that have been mentioned today resulted from the same action. The hon. Gentleman is right that we have to ensure that unscrupulous businesspeople are brought to account, because we need good private business and good entrepreneurs.

[Rebecca Pow (Taunton Deane) (Con)]

I applaud the Prime Minister’s call for tougher new rules for executives who put workers’ pensions at risk. My constituents want to be confident that private pensions are secure and sustainable. After all, we have encouraged them to take them out. To put my constituents’ minds at rest soon, will my right hon. Friend please give an assurance that the Government are taking matters seriously?

[Ms McVey]

My hon. Friend is right to raise that point. The people watching at home who have a pension or are thinking about investing in one want to know that they are safe. They also want to know what the Government are doing to ensure that they will be safe going forward. That is exactly what we in intend to do with the White Paper by reinforcing corporate governance measures and making them tougher.

Financial Guidance and Claims Bill [Lords]

Debate between Esther McVey and Rebecca Pow

2nd reading: House of Commons
Monday 22nd January 2018 Commons Chamber

[Ms McVey]

The hon. Gentleman makes an important point. Once the new body is set up, it will be able to see what is needed in the public arena and shape and craft what it does. That is important, as is debt advice for vulnerable people, who need to be able to plan a path for their future.

[Rebecca Pow (Taunton Deane) (Con)]

The fact that household debt in this country now stands at £1.9 trillion shows just how important it is to give people knowledge and understanding about the management of their finances. I welcome the Bill. Will the Secretary of State assure us that it will help constituents such as mine in Taunton Deane, who currently have to go to a plethora of bodies to get advice, to make the decisions that we hope will prevent them from getting into debt?

[Ms McVey]

My hon. Friend raises a very good point about how to help those who are most vulnerable—how to help them to get out of debt. Debts are at high levels, but they are lower than they were in the first quarter of 2010. The latest figures, for the third quarter of 2017, showed that they had gone down, but they are still high, and we need to help people understand their finances. Understanding really is key to this—they need to understand what is going out, what is coming in and how to get life on a firmer footer, so that they can go forward with confidence.