(10 months, 4 weeks ago)
Commons ChamberIt is a privilege to speak in this debate, which was opened so well by the hon. Member for Cities of London and Westminster (Nickie Aiken). I thank her and her colleagues for securing the debate.
I am proud to represent the constituency with the largest Jewish population in Yorkshire, and indeed on the entire east side of the United Kingdom. For over 150 years, Jewish people in Leeds have contributed so much to our city’s culture, economy and society. They stood at the frontline of the battle against Oswald Mosley’s fascists in the Battle of Holbeck Moor in 1937, and have often been at the forefront of our local political history across the city.
The Jewish community in Leeds has a fantastic history, and it is going from strength to strength in 2024. That is thanks in no small measure to the hard work and dedication of everyone in the community, but I thank in particular the Leeds Jewish Representative Council and the Jewish Leadership Council for their work to strengthen and represent the Jewish community in my constituency, as well as for the fruitful relationship that we have enjoyed for many decades, especially under the current leadership of Simon Myerson KC and Laurence Saffer, who have done a brilliant job.
In Leeds, we have Reform and Orthodox synagogues, flourishing kosher bakeries and butchers, and the world-renowned Marjorie and Arnold Ziff community centre. For more than 100 years, the Leeds Jewish Welfare Board and the Leeds Jewish Housing Association have supported at least 20% of the Jewish community in Leeds, providing mental health support, residential care for people with learning disabilities, practical help for struggling families and much more. Given the current cost of living crisis, that work could not be more important than it is today.
I want also to reflect on the legacy of a woman I had the privilege of knowing as a close friend for many years: Sheila Saunders, who died nearly 10 years ago. She was chief executive of the welfare board and the housing association, and, along with her friend Elaine Grazin, helped to found in the 1980s the Leeds Jewish Women’s Aid, the only specialist organisation in the United Kingdom supporting Jewish women and children affected by domestic abuse and sexual violence. I still miss Sheila every single day.
The hon. Member for Cities of London and Westminster mentioned Danny Finkelstein’s book, which I am proud to be reading at the moment having been given a copy of it. It reflects in many ways the story of my own family. I hope the House will indulge me as I use my last three minutes to tell a little about my family’s history, which, in many ways, sums up the history of the Jewish people in this country—the British Jews, as the hon. Member said earlier.
My father, Mario Reynaldo Uziell, came to this country in 1934 to escape the increasing persecution of Jews across Europe. At the time, his family lived in the Hague, but they moved very quickly to Paris. They lived in several major cities throughout Europe, and my father himself was born in Vienna. When, at the age of 12, he arrived at Brentwood School—a boarding school in Essex—he could not speak a word of English, but he mastered it very quickly. So much so that, by 1942, when he had been in the country for only eight years and still had Portuguese citizenship, he volunteered for the British Army.
However, because his first language was French, the Special Operations Executive nabbed him and said, “You’re a French speaker; we need you to help the resistance in France.” That was dangerous for a Jewish man, but he volunteered to do it none the less. I do not know what part he played in the resistance. I know about his training, but he never spoke about his experience in occupied France—probably for very good reason, and certainly because he had signed the Official Secrets Act.
I still have the document that my father signed in 1948 pledging his allegiance to King George VI so that he could become a naturalised British citizen. There is an example of somebody who started his life as a continental Jew speaking French, whose family originated in Bulgaria, the Ottoman empire and Thessaloniki—then known as Salonika, where my grandfather was born—but who proudly became an Englishman. He never had an accent—he learned English early enough to avoid speaking with any accent, unlike both of my grandparents, one of whom had a French accent and the other a German accent. On my mother’s side of the family, we have a very proud connection to the late Rabbi Jonathan Sacks, whose Aunt Rose was also my Aunt Rose—Rose Goldberg. She lived until the end of her life—she died only about 15 years ago—in Brondesbury Park, which is very near where I grew up in Willesden.
Finally, before my time is up, I want to pay tribute to some of the holocaust survivors who found their homes here in Britain, especially three of my constituents, one of whom is no longer alive. One of them is Trude Silman, who is 95 this year. Trude escaped from Bratislava to come to the city of Leeds, and she because the first woman to qualify with a biochemistry degree from the University of Leeds. She is still as clear and articulate as she ever was—a very active mind. The second is Arek Hersh, who was in the Polish ghetto in Łódź and was taken to the concentration camps, and was finally released from Auschwitz when he was 16 years old. The third is Iby Knill, who wrote two excellent books but sadly passed away just two years ago. Along with the many holocaust survivors, they contribute to our collective knowledge of Judaism here in the United Kingdom. They were proud British Jews.
After the Father of the House, the time limit will go down to five minutes, which we will have to enforce strictly, or else not everybody will have the chance to speak.
(9 years, 9 months ago)
Commons ChamberI may have been present at that debate. I congratulate my hon. Friend on his role in leading the campaign with other hon. Members. Like me and other Members, he will have had the experience of trying to update constituents on the issue but getting back a reply saying, “Unfortunately, my father”—or wife, or husband—“has now died”. That illustrates how important it is to take action now. Although I would like to hear pledges for after the election, as the hon. Member for Harrow East (Bob Blackman) said, we also need action now, ideally in the Budget. After an election, it takes time for things to happen. People need payment and good compensation—
Order. We must have short interventions. Long interventions are simply not fair, because everybody must have a chance to speak on behalf of their constituents. Members must be polite to each other and make short interventions.
Thank you, Madam Deputy Speaker. Of course, I agree wholeheartedly with my hon. Friend the Member for Edinburgh North and Leith (Mark Lazarowicz).
Equitable Life was established in 1762 and started selling pensions as early as 1913, but it was not until 1957 that the society started selling its now infamous guaranteed annuity rate pensions, which promised a clear and unambiguous return on capital invested. That carried on until 1988, when it realised that its rates were so good and so far ahead of the rest of the market that they were totally unsustainable. In December 2000, Equitable Life was forced to close to new business, but by that time it had more than 1.5 million members.
In July 2008, as the hon. Member for Harrow East mentioned, the parliamentary ombudsman published her first report on Equitable, entitled “Equitable Life: a decade of regulatory failure”. On 11 December that year, the Public Administration Committee produced a report entitled “Justice delayed”, in which it stated:
“Over the last eight years many of those members and their families have suffered great anxiety as policy values were cut and pension payments reduced. Many are no longer alive, and will be unable to benefit personally from any compensation. We share both a deep sense of frustration and continuing outrage that the situation has remained unresolved for so long.”
That is already seven years ago.
On 5 May 2009, Ann Abraham, the parliamentary ombudsman, published a second report, “Injustice unremedied: the Government’s response on Equitable Life”, in which she stated:
“I was deeply disappointed that the Government chose to reject many of the findings that I had made, when I was acting independently on behalf of Parliament and after a detailed and exhaustive investigation.”
There was certainly no shortage of reports, just a shortage of justice for those who, through no fault of their own, had suffered huge losses in their life savings, which they had accrued over many years of hard work.
How could Equitable Life have maintained a rate of return and a guaranteed annuity rate way beyond any competitor in the market? Ann Abraham addressed that question in her initial report of 2008, which took four years to complete. Her answers went to the heart of the anger expressed by investors through the Equitable Members Action Group. At the core of the problem was the fact that Equitable Life simply could not meet the obligations that it had made, because it had no provision for guarantees against low interest rates on policies issued before 1988. It therefore declared bonuses out of all proportion to its profits and assets.
Following a ruling of the House of Lords in 2000, the society stopped taking new business in December of that year, which effectively spelled the end for Equitable. More than 1 million policyholders then found that they faced cuts in their bonuses and annuities, which caused a huge loss of the income on which many small investors had totally depended. After all, the average investment for the 500,000 individual policyholders was just £45,000, which, according to EMAG, would have yielded no more than £300 a month even at its height.
In its December 2008 report, one of the Public Administration Committee’s many recommendations stated:
“We…strongly support the Ombudsman’s recommendation for the creation of a compensation scheme to pay for the loss that has been suffered by Equitable Life’s members as a result of maladministration.”