(6 years, 5 months ago)
Commons ChamberInvestments from our aid budget in technologies are saving and changing lives all over the world. Half our research budget this year is for new technologies in developing countries in health, agriculture, climate, clean energy, water and education and for humanitarian response in emergencies.
This question gives me an opportunity to pay tribute not only to the rotary club my hon. Friend mentions but to Rotarians across the world who have been working hard on this push to eradicate polio. UK Aid has been at their side throughout this journey; we have eradicated something like 99% of the world’s polio cases, but we must continue to push for that final 1%.
I thank my hon. Friend for highlighting such an important issue. As someone who is extremely myopic, I benefit from glasses. This is an incredibly important aspect of what we can do, and at this month’s disability summit the world will be coming together to pledge what more it can do to help with people’s inclusion around the world, and certainly vision will play a key role.
(6 years, 8 months ago)
Commons ChamberThe UK is taking a leading role in ending the illegal wildlife trade globally. The Government are funding practical action to reduce demand, strengthen enforcement and develop sustainable livelihoods in the communities affected by the illegal wildlife trade. We will host an ambitious high-level international conference in October to push for further progress.
My hon. Friend is absolutely right to say that organised crime is attracted to the illegal wildlife trade, as it is attracted to others such as the drug trade and human trafficking. That is why this is a transnational problem, and why the world must work together to end this terrible crime.
My hon. Friend is absolutely right to say that having the right forensic evidence in place is crucial. Indeed, many of the projects that the UK is supporting worldwide are using that expertise to get the right forensics, so that the criminals can be prosecuted and these crimes can be tackled worldwide.
(8 years, 8 months ago)
Commons ChamberI encourage the hon. Lady to seek an Adjournment debate to elaborate further on her question. I am sure that she and her constituents will welcome the fact that employment in the north-west is at the highest level on record; that more than 89,000 businesses in the north-west will not pay business rates; and that 360,000 people in the north-west will now benefit from the living wage.
British exports to China have more than doubled since 2010, led by Havant-based manufacturers such as Colt and Lewmar. Will the Minister join me in congratulating those businesses, and will she encourage others to follow their lead by supporting and maintaining the Government’s pro-export policies?
It is wonderful to hear during Export Week about Colt and Lewmar, and their fantastic work exporting overseas. It is a key priority of the Government to continue to encourage more firms to export. In fact, we have ambitious aims to have another 100,000 businesses exporting over the life of this Parliament.
(8 years, 11 months ago)
Commons Chamber7. What fiscal steps he is taking to support businesses.
(9 years ago)
Commons ChamberThank you, Mr Speaker. Household debt will be kept low, thanks to the Government’s support for savers, including the Help to Buy ISA that was launched today. Will the Minister join me in encouraging first-time buyers and young savers to take advantage of this new Government support, which is part of the Government’s long-term economic plan?
I am delighted that, on behalf of his constituents in Havant, my hon. Friend has noticed that the Help to Buy ISA scheme launches today. Fourteen financial institutions are already offering this exciting new opportunity to save for a home, and I hope that many of his constituents will take advantage of it.
(9 years, 6 months ago)
Commons ChamberThe Government stand firmly on the side of people who want to work hard, save up, buy their own homes, and retire with dignity. We have increased allowances for individual savings accounts, introduced the Help to Buy scheme, pensioner bonds and pension freedoms, and taken 95% of people out of tax on their savings.
Alongside the support that has been introduced over the last five years, maintaining a strong economy and low interest rates is one of the most important ways of helping home owners. Can my hon. Friend assure my constituents in Havant that the Government will continue to ignore the Opposition’s calls for more taxes and more spending, which put our economy at risk and make it harder for people to get on to the housing ladder?
What a pleasure it is to welcome my hon. Friend to the Chamber. He is absolutely right: more people are employed than ever before, and mortgage rates are extremely low. As a result of our long-term economic plan, my hon. Friend’s constituents in Havant, and constituents elsewhere, can now aspire to own their own homes one day.
(9 years, 6 months ago)
Commons ChamberI thank the hon. Lady, who has great knowledge of these matters, for her question. Any estimate—and the one in the Rothschild report is no different—will be based on the current market conditions. The number that the report cites is, I think, as at 5 June. I note that the share price of RBS has performed well today; there will be different prices in the years to come. The Government have made it very clear that this will not be a quick process; it will take time. We can only project as at today’s prices the £7 billion figure, but it may or may not be a bigger number in the future.
Does my hon. Friend agree that the only reason we can start selling off our stake in the bank is the growing demand in our economy thanks to our long-term economic plan?
I welcome my hon. Friend to his place. I know he has a great deal of experience in these matters. He is absolutely right that this is a key part of the long-term economic plan. We cannot have a healthy economic recovery without a healthy financial sector. I do not think that anyone in this place would argue that we can have a healthy banking sector when a large chunk of it, as my right hon. Friend the Chancellor has said, is in taxpayers’ hands.