(6 months ago)
Commons ChamberI certainly apologise to all those people to whom the hon. Member refers. I read the reports this weekend about the number of people who have passed away. Indeed, one of my constituents, Sam Harrison of Nawton in Helmsley—one of the original 555—passed away last May prior to receiving compensation, which was devastating for the family. Just to be clear, those claims can still go forward and their estates will be compensated to the same degree. Nevertheless, that is slim comfort in that situation. “Family members” are those who have been directly affected by someone being convicted or prosecuted by the Post Office or the Crown Prosecution Service. Other family members can be compensated under the wider process—for example, where a house has been lost or a bankruptcy has happened. They can benefit through routes for compensation to the family in general. I am happy to have a discussion about everything that we need to look at in that area.
On a point of order, Mr Deputy Speaker.
(6 months, 4 weeks ago)
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It certainly was not something that we wanted to do on a weekend. There was a chance that it would come into the public domain by other means, which is why a conversation had to take place over the weekend. We did not think that it would be right for the individual to hear about the potential course of action by other means than the Secretary of State speaking to him. I think that was the right thing to do. I do not know why the hon. Lady would feel, or whether she any evidence, that there was some kind of falling out, as she put it; this was about very serious governance issues related to the person who headed the board of the organisation, which are obviously confidential human resources issues.
On the timeline to replace Mr Staunton, as I said, we will do so as quickly as possible. We are looking at recommendations as we speak, and we will report back to the House as soon as possible on an interim and a permanent replacement. This was not about holding somebody responsible for past problems in the Post Office; it was about the governance of the Post Office going forward. That is why a mutual agreement took place for Mr Staunton to step down.
We are working at pace to deliver the blanket overturning of convictions. We are keen to update the House as quickly as possible, and should do so in the coming days.
As a member of the Business and Trade Committee, I was deeply concerned by the inability of Mr Read, the chief executive officer of Post Office Ltd, to answer an array of very simple questions. In fact, he appeared not even to have done his basic homework when it came to looking back at the Horizon scandal. Although he was not the CEO at the time of the scandal, what confidence do the Government have in Mr Read as chief executive officer to turn it around, and has he yet made public the board minutes that show when the matter was brought to the board’s attention for the very first time? If any board member was complicit in hearing that information and not acting upon it, what steps will the Government take with lawyers to ensure that they are held accountable?
I thank my hon. Friend for his work on the Select Committee. I was present for his line of questioning during that session. The chief executive committed to providing responses to the Committee; I am not sure whether they have been provided thus far. A number of questions needed to be addressed, and it is right that those answers be provided. As far as the Government are concerned, our primary means of achieving that is through the inquiry, which is hearing important evidence right now, and will conclude its work by the end of the year and report shortly afterwards.
(4 years, 5 months ago)
Commons ChamberIt is always a pleasure to follow my hon. Friend the Member for Tiverton and Honiton (Neil Parish), who has such knowledge of rural matters. It is also a pleasure to follow so many fine maiden speeches from my hon. Friends the Members for South West Hertfordshire (Mr Mohindra), for Blyth Valley (Ian Levy), for Bolton North East (Mark Logan) and for Derbyshire Dales (Miss Dines) and the hon. Member for Liverpool, West Derby (Ian Byrne)—they were all fantastic speeches.
I draw the House’s attention to my entry in the Register of Members’ Financial Interests. I would like to talk primarily about the impact of the current situation on business, but I will touch briefly on levelling up, which was going to dominate my speech. I have always been a huge advocate of levelling up—we used to call it “a fairer deal for the north”—so the investment spending is welcome. However, I have made the point before in the Chamber that simply public sector spending will not do.
It is said that if all the economists in the world were laid end to end, they still would not reach a conclusion. I will mention two economists who have different views on this subject. Andy Haldane, chief economist at the Bank of England, said that connectivity is crucial to prosperity. At the other end of the scale, Mark Littlewood of the Institute of Economic Affairs points to places like Doncaster, which are very well connected, yet their economy is not in great shape. The arbiter on this is another economist, David Smith, who writes in The Sunday Times. He says that public sector spending without private sector investment is a waste of money, so we need to ensure that we encourage and incentivise the private sector to invest.
One way of doing that is through super enterprise zones. We could look at the devolved regions. The Tees Valley is a very good example in my neighbourhood. There are nine devolved regions, each with an elected Mayor, and of all those regions, the Tees Valley comes bottom in terms of average wages and GDP. We could, for example, make the bottom three combined authorities super enterprise zones for their entire area, with enhanced capital allowances and no business rates.
I could not agree more with my hon. Friend. In Stoke-on-Trent we have the ceramic valley enterprise zone, which is thriving. Does he agree that, especially in the time of coronavirus, such zones should be expanded to give those businesses every opportunity to survive?
Yes, definitely. That will level up in the process, but we have to get private sector involvement. It is the private sector that creates jobs, not the public sector. That is a means to an end in terms of transport spending. We have to get the private sector to move into these areas, start up and scale up or expand their businesses.
I primarily want to talk about covid-19. We are talking about levelling up. If we are not careful with this, there will be levelling down, because the coronavirus will have a huge impact. We cannot even contemplate the size of the impact that this could have on our economy and business sector. This could be an existential crisis for hundreds of thousands of businesses. It is huge.
The situation is so fluid, but we need to give people confidence—and we are getting there—that we will support them through this crisis. I was heartened by the Chancellor talking at the Dispatch Box about what he has done so far and what he will do in future if that is not enough. He has spoken this afternoon about a massively enhanced package, and that is exactly what we need, because the scale of this is huge. Capital Economics does not give the rosiest outlook in its forecast of the economic situation in the UK. It predicts that there could be a 15% drop in gross domestic product within a three-month period. If we compare that with the great financial crash, we saw a 6% reduction in GDP over a few years from 2008.
We need to say to businesses and consumers—and if we do not, it will cost us the amount anyway—what the German Finance Minister said a week ago: that, as far as possible, no company should get into existential trouble and no job should be lost as a result of this crisis. That is the message we need to get out. Macron has said the same thing, with a €300 billion guarantee that no firm will go bust due to social distancing.