(11 years, 1 month ago)
Commons ChamberI have not made that analysis, but I know that others have and are concerned that Labour’s policy will put up energy prices in many different ways.
I promised to analyse Labour’s policy and contrast it with the Government’s, and I will do that now. Let us start with Labour’s price freeze. The right hon. Member for Don Valley tried to say that the Government have put myths about. She tried to debunk those myths, but failed completely. We have made it clear that we believe that Labour’s policy is a complete con because prices could go up after the price freeze. The right hon. Lady’s answer to that is the amazing piece of legislation she is going to introduce, which will stop that. It will not, however, because the proposed legislation she described has no price regulation in it. If she is going to say that she will introduce full-scale price regulation, let her get to her feet now. If she is not, she simply cannot say that prices will not go up after her price freeze.
On that point, did not the Leader of the Opposition admit the day after the announcement of his policy that he could not guarantee that prices could be frozen if world energy prices rise?
That is absolutely spot on. When he responded to that point, my right hon. Friend the Prime Minister made it clear that the Leader of the Opposition had sold the pass on their policy. If wholesale prices go up during the price freeze, they will not just hit consumers—we are worried that consumers will be fleeced by Labour’s policy—but they will also hit the competition and the small suppliers who are producing deals that people are already benefiting from.
(13 years ago)
Commons ChamberI think that my right hon. Friend already has his place in history. The right hon. Member for Leicester East (Keith Vaz) knows that the BCCI creditors have been repaid more than 85% of what they were owed at the outset of liquidation, and a final dividend—estimated to be about 3%—is expected to be paid in April or May 2012. He will also know that control of the BCCI liquidation is a matter for the liquidation committee, and ultimately the courts, not for the Secretary of State, and that the liquidators are trying to bring this long period to an end.
7. What steps he is taking to assist unemployed people to start new businesses.
(14 years, 6 months ago)
Commons Chamber2. What plans he has to extend the right to request flexible working to all employees.
I welcome the hon. Lady to the House and congratulate her on her election. The coalition agreement commits the Government to extending the right to request flexible working to all employees. We will be consulting businesses and listening to their views, and we hope to bring proposals to the House later in the year.
Thank you very much for that answer, and I am pleased to welcome all of you to the team. It is so nice to have you in this House.
I want to ask about flexible working arrangements in particular. I know from my own experience how valuable it can be to an employer to have employees on flexible working arrangements, but I realise that small businesses are very concerned about the potential impact of extending this regulation and I wondered what steps the team will take to consult on the extension of flexible working arrangements.
Our commitment is for extensive consultation. I want to make it clear that my door is open to all business organisations and to the hon. Lady and hon. Members of the House. We will listen to those views and take them on board, but there is increasing evidence that flexible working arrangements are embraced by employers and employees and are welcomed in many businesses across the country.