(6 years, 6 months ago)
Commons ChamberI greatly enjoyed the Secretary of State’s answer to the hon. Member for Luton North (Kelvin Hopkins), and I hope he will not take offence if I say that the hon. Member for Luton North was not himself in government—he looked rather shocked, nay affronted, by any suggestion that at any time in his career he might have been. The hon. Member for Luton North is a career Back Bencher and is immensely proud of the fact.
Workers at GKN’s Luton plant in my constituency are world leaders in ice protection systems for flight-deck windows and fast-jet canopies, and I believe they will share my dismay that the assurances the Secretary of State has put in place amount to little more than the new management picking up the phone and informing him before it does things that damage our national security and national interest. Is not the reality of the quasi-judicial nature of the decision-making process that he and future Secretaries of State will always veer on the side of caution, rather than face the prospect of being challenged in court when a takeover goes through?
I am sure it is an unaccountable oversight that the hon. Member for Luton North (Kelvin Hopkins) has never served in government.
For the constituents of the hon. Member for Luton South (Mr Shuker), during the takeover bid, the incumbent management criticised the commitment to hold the aerospace division for five years. Given that a majority of the company was to be sold as part of the incumbent management’s plans, it is fair to observe that it is not clear there would be any greater stability—I put it as mildly as that—if the incumbent management had continued, rather than the new management that shareholders chose to manage the company.
(6 years, 6 months ago)
Commons ChamberBoth my right hon. Friend the Secretary of State and I would be delighted to meet the right hon. Gentleman to discuss that important matter.
As I was saying, I have seen many companies involved in this industrial strategy. It is much more than the same few companies that are used to lobbying the Government from the centre. That is one of the great achievements. The shadow Secretary of State and shadow Minister made partisan speeches—the former rather more than the latter, I might say—and I could spend a long time rebutting them, but time does not allow. I must, however, respond to a few of their points. The shadow Secretary of State said there was no guidance for sector deals. It is all in the White Paper—there are six of them—and I am very happy to send her a copy. In fact, she can choose from one of the many languages that it is printed in. I will send her one of each.
The shadow Secretary of State said there was not enough research and development and that this was all hot air, but actually it lays a pathway for the biggest increase for 40 years. There is an extra £7 billion of research and development funding to 2022. After the 2.4% target, we are aiming for 3% and to be world class. She also mentioned, as did several of her colleagues, the issue of steel. We have had regular meetings with the managements of all the steel companies. I have visited two steel companies in the last week. Moreover, everyone in the Government, from the Prime Minister down, has been involved with the situation regarding President Trump and the United States. As for the sector deals, we are regularly talking about them with unions and companies alike. So this is not, as the hon. Lady said, gathering dust. It is very important to us. As for the local industrial strategy, it is really beginning to develop, and not just in three areas; it is being tested across places with different economies to see how it works.
We heard many other contributions. My hon. Friend the Member for Copeland (Trudy Harrison) represents a constituency that she is always fighting for, because she understands, as do her constituents, the need for skills and new technology and the need to drive down costs, which is key to the whole industrial strategy. I look forward to visiting her constituency tomorrow and on Friday.
I have a lot of respect for the hon. Member for West Bromwich West (Mr Bailey). We have worked together in various capacities. We might have been on opposite sides of the table, but we have not always been in opposition to each other. He mentioned Jaguar Land Rover, as did the hon. Member for Birmingham, Erdington (Jack Dromey), and the recent announcement not to renew the contracts of 1,000 temporary staff at Solihull. I spoke to the managing director of Jaguar Land Rover on Monday, and he made it clear that that decision has been taken to safeguard the competitiveness of the plants in the European market. The automotive industry is a very good example of how the industrial strategy works, and I know it has an extremely bright future.
I hope the hon. Gentleman will excuse me, but I do not have time to give way.
My hon. Friend the Member for Cleethorpes (Martin Vickers) mentioned a town deal for Grimsby and Cleethorpes, and I heard him speak very eloquently about it. There has been a meeting, and it is an absolute priority for us.
My hon. Friend the Member for Fylde (Mark Menzies) mentioned an aerospace growth partnership. This shows, as he knows, the benefits of a strategy that involves business and the Government working together. That is an intelligent way to channel money from business and from the Government together, which really summarises what the whole industrial strategy is about.
(7 years ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
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I assure the hon. Gentleman that both my right hon. Friend the Secretary of State and I hear the messages loud and clear from the auto sector and, indeed, from the business community as a whole—from businesses large and small. My right hon. Friend is assiduous in ensuring that the voice of business is considered in every aspect of the EU negotiations. That is what we have been doing. We continue to work on the best possible deal for Britain, and we will get behind it.
Last week it was Monarch, headquartered in my constituency. This week it is Vauxhall, headquartered in my constituency. Yet the Minister did not once use the word “Brexit” during her statement. Does she believe that these redundancies are being caused primarily by a lack of consumer confidence stemming from the Government’s chaotic approach to Brexit negotiations, or by a lack of investor confidence stemming from the Government’s lack of competence and leadership on Brexit?
I was not at the Dispatch Box to answer questions about Monarch, but I understood that it was a very troubled company that was burdened with debt, and other airlines have reported record passenger numbers over the summer. The statement that we made last week about BAE Systems concerned the delay in landing some important overseas orders, and I hope that the House recognised how committed the Department was to ensuring that those orders were delivered.
Let me say again that this is not about Brexit. It is about a lack of sales of a model that is sold both in the United Kingdom and in Europe, which is having a near-term impact on the shift pattern at this port.
(7 years, 1 month ago)
Commons ChamberWe consulted widely on the Green Paper, and the set of reforms that we are making has enjoyed broad support. We are proposing to extend the holding periods for long-term share incentives from three years to five years. I think the hon. Lady played some part in the introduction of the three-year periods, and I hope that she will welcome the extension. We are also making it a more explicit requirement of boards, including boards of directors, to reflect in their reports and accounts what they are doing for a wider range of stakeholders, not just the short-term issues. I hope the hon. Lady will welcome that as well.
11. To ask the Secretary of State what assessment he has made of the capacity of the industrial strategy challenge fund to increase economic growth.
The industrial strategy challenge fund will help to drive growth in all parts of the country by using research and development to position us well in global markets where Britain has particular strengths.
Our exchanges this morning show the potential and the strengths that we have in successful sectors such as the automotive, healthcare and medicine, and satellite and space sectors, in which we are creating very good jobs. However, my ambition and my Department’s ambition—which I hope the hon. Gentleman shares—is to increase the proportion of women and other groups who are under-represented in those industries, because there is talent there that we should be using, and part of our drive is to get the best talent into those world-beating industries.
(7 years, 10 months ago)
Commons ChamberI assure the hon. Lady that we are acting swiftly to appoint the director of labour market enforcement. I agree with her that it is a crucial role.
The Prime Minister has made it clear that the Government will not, as a consequence of our withdrawal, allow any erosion of rights in the workplace, whether those rights derive from EU or UK law. She has further made it clear that the Government are determined to deliver an economy that works for everyone, and fundamental to that is the preservation of existing workers’ rights.
Such rights will be upheld by British courts after we leave the European Union. The UK enjoys record employment at the same time as employment rights that exceed what is required by EU law in the important areas of maternity leave, parental leave and statutory annual leave.