International Investment Summit
Debate between Kevin Hollinrake and Emma Reynolds(1 month, 1 week ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Emma Reynolds
I will not have a cross-Chamber discussion with the hon. Gentleman. I am sure he will make a contribution to the debate.
This Government are determined to increase the number of good, well-skilled jobs, to embrace the opportunities of technology and innovation, and to improve productivity across the country. At the international investment summit, we demonstrated that the UK has tremendous strengths. We have a dynamic, ambitious and globally connected economy that has long been at the forefront of global exploration, invention and innovation. We have a global language, a central time zone and a renowned legal system. We have a high-spending consumer market that benefits from an open economy. We have trade deals with over 70 countries, and we have world-class talent supported by our globally recognised higher education system, with four of the world’s top 10 universities.
One of my favourite moments of the summit was a panel chaired by our fantastic Secretary of State for Culture, Media and Sport on the creative industries and sport. I was delighted to have a photograph with Gareth Southgate, which I showed to my boys when I got home. In all seriousness, Gareth Southgate talked about how the Premier League was once just an idea and how it has been built and marketed into a world leader, creating great investment into our economy. I am sure the whole House will support that sentiment—
Emma Reynolds
The shadow Secretary of State is demonstrating that from a sedentary position—it is the first time I have said that in a debate for some time.
When we took over from the last Government, we recognised that there were issues we needed to address to improve the UK’s competitiveness. That is why we have already announced a series of steps to improve our business environment, such as driving through planning reform to get Britain building, removing the ban on onshore wind farms and giving the green light to key solar and data centre projects. We are also undertaking a pensions investment review, which the Chancellor has asked me to lead, to harness the potential of our £2 trillion pension industry to unlock new capital for our innovative businesses, to drive growth and to improve outcomes for future pensioners.
We have launched Skills England to boost the nation’s skills and fill job vacancies by bringing together businesses, trade unions, mayors, universities, colleges and training providers. We are also resetting our relationship with our closest partners in the European Union.
Kevin Hollinrake
There is no doubt that we have been through a difficult time, given the effect of covid and the cost of living crisis on a services economy, but the right hon. Gentleman will acknowledge that back in 2010 the deficit was more than 10%, whereas today it is only 4%. In real terms, adjusted for inflation, that is a difference of about £160 billion, the equivalent of the health budget. The inheritance left for the present Government is much better than the one we received in 2010.
Emma Reynolds
The shadow Secretary of State is being generous to a point. I suggest kindly that in 2010 the outgoing Labour Government did not leave a £22 billion in-year hole in the public finances, as the Conservative Government bequeathed to us.
Kevin Hollinrake
The Minister is a very sensible person with experience both in the private sector and in politics, so I am surprised that she mentions that figure. Of the £22 billion, £9 billion was a result of her Government’s actions in lifting public sector pay without any commensurate productivity improvements and in scrapping the Rwanda scheme. It is fake news to say that there is a £22 billion black hole, I am afraid, and the Minister absolutely knows it.
There is no doubt that there are tough spending decisions and tough choices to be made, but it is very disappointing that one of the Government’s tough choices has been to scrap the winter fuel allowance. Let us see what their other choices will be.
Housing
Debate between Kevin Hollinrake and Emma Reynolds
Emma Reynolds
This is a serious issue and the Government need to do something about increasing the number of affordable homes. The statistics for our country and other European countries show that the level of homelessness and rough-sleeping directly correlate to the percentage and availability of affordable housing. It is not rocket science: in our country and some other countries where there is a lack of affordable housing, we see an increase in the number of people having to sleep rough on the streets or being referred by their local authorities to what is often called bed-and-breakfast accommodation but which looks nothing like bed-and-breakfast accommodation.
I agree with my hon. Friend that the Government need to get a grip on this issue. We are talking about some of the most vulnerable people in our country who are being made to live in temporary accommodation week after week, month after month, and individuals who are not considered to be a priority in law or statute by local authorities and who are simply left sleeping on the streets with all the dangers that entails. They are more vulnerable to being attacked, to violent crime and to dying at a very early age.
Kevin Hollinrake (Thirsk and Malton) (Con)
Does the hon. Lady agree that the origins of the difficulties in today’s housing market are to be found not in the last Parliament but in the Parliament before that and the Parliament before that and the Parliament before that?
Emma Reynolds
I know the hon. Gentleman is new to this place but all I would say is that that is like a tired old record: this Government cannot keep blaming the last Labour Government. The hon. Gentleman’s people have been in power for the last five years and they have not got a grip on this housing crisis. They have made it worse and they have particularly made it worse for people on low incomes and, in some parts of the country, for people on middle incomes. I am proud of the record we had in Government, but it is the case that there have not been enough homes built for quite some time—for decades—and I will not take lessons from the Conservative party.
The case for a comprehensive plan to tackle the housing crisis is overwhelming. Indeed, at the homes for Britain rally in March the then Conservative party chairman—who is keen on making commitments—committed his party to publishing such a plan within a year of taking office. I am afraid that we have seen nothing of that so far, however. We will need to judge the Government on the test of whether they tackle the housing crisis in a serious way. That is why we have called for a comprehensive plan today. If the Government want to increase home ownership, not manage its decline, if they want to help private renters, not just ignore them, if they want to build more affordable homes and reduce homelessness and not just talk about it while affordable housing supply plummets and homelessness soars, and if they want to drive the wider economic benefits of building more homes too, they must set out a comprehensive, long-term plan to tackle the housing crisis, as we have put forward in our motion today. That is why I commend this motion to the House.