Oral Answers to Questions

Debate between Jo Swinson and Jonathan Reynolds

Thursday 5th December 2013 Commons Chamber

[The Parliamentary Under-Secretary of State for Business, Innovation and Skills (Jo Swinson)]

My hon. Friend is right. That is one of the reasons why my right hon. Friend the Business Secretary asked the Low Pay Commission to identify the conditions that are necessary for an increase in the minimum wage. I think that we would all like wages to increase: things have been very difficult for households over the last few years following the economic crisis, and encouraging businesses to pay good wages encourages staff loyalty, motivation and productivity. It is, of course, important to balance that with the fear of unemployment, which we want to keep down.

[Jonathan Reynolds (Stalybridge and Hyde) (Lab/Co-op)]

T2. On Monday the Government announced substantial changes in the ECO energy efficiency scheme, including significant scaling back of the component that insulates solid walls. Most of the large-scale local authority and social landlord energy efficiency schemes depend on that component, and there will obviously be a correspondingly negative impact on the insulation industry. What discussions is the Department having with the industry about the likely number of job losses, and what are they doing to mitigate it?

Oral Answers to Questions

Debate between Jo Swinson and Jonathan Reynolds

Thursday 24th October 2013 Commons Chamber

[Jo Swinson]

The universal service is particularly valuable to rural areas, where it can be a lifeline. That is why it is important for it to be entrenched in the Postal Services Act 2011. For other postal services such as access to posting parcels and so on, the Government have promised to ensure that we maintain the network of more than 11,500 post offices. That is in stark contrast to the closure of thousands of post offices across the country by the previous Government, including in rural areas. We are ensuring that people across the country have good access to postal services.

[Jonathan Reynolds (Stalybridge and Hyde) (Lab/Co-op)]

10. What representations he has received from manufacturers on the case for continued UK membership of the EU with regard to their business and investment plans.

Oral Answers to Questions

Debate between Jo Swinson and Jonathan Reynolds

Thursday 18th July 2013 Commons Chamber

[The Parliamentary Under-Secretary of State for Business, Innovation and Skills (Jo Swinson)]

The Government’s payday lending summit provided an excellent opportunity to deliver a strong message to the payday industry to get its house in order. It focused particularly on the Financial Conduct Authority’s priorities for reducing consumer harm when it becomes the regulator in April, ahead of its consultation on its credit rulebook this September.

[Jonathan Reynolds]

I welcome the Minister’s answer and the summit, but let us be honest—the Government have consistently ducked clamping down on predatory pricing and extortionate interest charges, despite the amendment secured last year in the House of Lords that gives the regulators the ability to control costs and loan duration. Notwithstanding the spin of holding a payday lenders summit, when is the Minister going to promise to act so that families across the country can be protected from these predatory activities?

[Jo Swinson]

Significant action is being taken. The Office of Fair Trading has referred the industry to the Competition Commission because of widespread non-compliance. It is taking its own enforcement action, which has already resulted in a third of the lenders that have responded so far—the rest are due to do so this month—leaving the market altogether as a result of the tough action being taken. We have given the FCA stronger powers to enable it to ban products, impose unlimited fines and order money to be paid back to consumers who have been ripped off. That is a pretty comprehensive package of action to clamp down on this unscrupulous and irresponsible lending behaviour.

Oral Answers to Questions

Debate between Jo Swinson and Jonathan Reynolds

Thursday 21st March 2013 Commons Chamber

[Jo Swinson]

The hon. Gentleman ingeniously uses the question to highlight a local issue. It is obviously up to local authorities to make their own decisions, but he uses this opportunity to put his views firmly on the record. No doubt his colleagues on the council will look closely at his comments.

[Jonathan Reynolds (Stalybridge and Hyde) (Lab/Co-op)]

16. What progress he made on the adoption of an industrial strategy for the UK.

Oral Answers to Questions

Debate between Jo Swinson and Jonathan Reynolds

Thursday 7th February 2013 Commons Chamber

[Jo Swinson]

I know that my hon. Friend is speaking up for the industry on this issue. I met him at the end of last year. BIS policy officials have had two meetings with the industry. Lawyers have also had meetings, and a further meeting is due next week to try to resolve the issue he raises. Yesterday I received a letter from him and the hon. Members for Bracknell (Dr Lee), for Sherwood (Mr Spencer) and for Huntingdon (Mr Djanogly). I will be happy to meet them next week as a matter of urgency to discuss this.

[Jonathan Reynolds (Stalybridge and Hyde) (Lab/Co-op)]

There are concerns that the UK is lagging behind its competitors in the registration of graphene patents. The USA has more than 1,100; we have just 46. Does the Minister agree that this is an example of why the Government need to provide more strategic direction and to support important technology sectors for the future?