(1 week 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.
This information is provided by Parallel Parliament and does not comprise part of the offical record
The hon. Lady is right. It is not just about the bigger schemes; the smaller ones are important as well. I think what she refers to was essentially a planning matter, but I will look at it further. On matters relating to higher education, we work closely with colleagues in the Department for Education, and mechanisms are in place across Government so that when concerns are expressed, we will follow them up.
I acknowledge the transformation in the security threat that this country faces, and I urge the Government to move forward as quickly as they can with the implementation of FIRS. However, I draw the Minister’s attention to the website of the US Department of the Treasury, which today gave a read-out on the seventh meeting of the financial working group between the US and the People’s Republic of China, and set out a memorandum of understanding arising from the group’s discussions in Nanjing. The Minister should do everything he can to ensure that we have a sophisticated relationship with China. As uncomfortable as that may be, in order to preserve global and financial stability, we need to maintain our relationship.
The right hon. Gentleman makes a very sensible point, as always. I have not yet looked at the US Treasury Department’s website, but I give him an undertaking that I will look at it and report back later today. He is right about the sophisticated relationship, as he describes it. As he knows government well, I can tell him that we take these matters incredibly seriously, and that the National Security Council provides the forum for decision making on these issues across Government. A lot of work, effort and political leadership goes into ensuring that that is an appropriate forum for making decisions collectively, across Government. Some of those decisions are not easy—some are more challenging —but we will always seek to do what is in the best interests of our country.
(2 years, 7 months ago)
Commons ChamberMy experience over the past four years or so has proved without doubt that truly levelling up South Yorkshire and the wider north will require transformative levels of investment. Does the Chief Secretary agree, and if so, does he truly believe that the investment is there to meet the huge challenge that we undoubtedly face?
(2 years, 10 months ago)
Commons ChamberI thank my hon. Friend for his question. He has a long-standing interest in the issue. The difference between the two is that people received compensation from Equitable Life on the basis of relative losses, which is the gap between what they received from their policy and what they could have expected from investing in a similar product. With LCF, the bondholders were expected to lose the majority of their principal investment and stood to get less back than they put in. The schemes were looked at in the context of their respective instruments and appropriate support was given. There are no plans to open up compensation for Equitable Life again.
The Budget confirmed that total funding through the UK shared prosperity fund will, at a minimum, match the size of EU funds in each nation, and in Cornwall. If the Treasury were to do the same with all the other less-developed regions, as it should, South Yorkshire would be on course to receive £900 million of investment over the next seven years. Will the Chief Secretary to the Treasury give an assurance that we will get our fair share?