Business of the House

Lindsay Hoyle Excerpts

Thursday 27th November 2025 Commons Chamber

[Sir Alan Campbell]

My hon. Friend is correct that having a Labour Government in Wales and a Labour Government in Westminster is the best way these matters can be taken forward. I will raise what he has said with the Secretary of State for Transport, and let us see if some progress can be made.

[Mr Speaker]

I call the Liberal Democrat spokesperson.

[Bobby Dean (Carshalton and Wallington) (LD)]

First, I associate myself with the comments made by the Leader of the House about the fire in Hong Kong. I have many constituents from Hong Kong who will be thinking about their family and friends. I also note that this is UK Parliament Week. I know you are very actively involved, Mr Speaker, and I thank you for your organisational efforts on that front.

It will have been a relief to you, Mr Speaker, to hear the Budget officially delivered on the Floor of the House yesterday. I know that all the leaks over the past few weeks have been a source of frustration, but it did make that long list of taxes a little easier to digest and comprehend. It felt at one point as though almost every section of the economy was getting its own special tax, except of course for those in the banking industry, who, we hear, were popping champagne corks yesterday about avoiding the windfall taxes that the Liberal Democrats were calling for. It just goes to show that all their lobbying efforts have paid off. According to reports, they got away with no new taxes because they are going to be nice about the Budget on behalf of the Chancellor, so let us see if that holds.

One under-reported bit of the OBR analysis yesterday—in the final pages of the Blue Book—is the potential danger to the UK economy of a major correction in the global stock market. There has been lots of talk recently about the potential for an AI bubble, with price to earnings ratios being comparable with those of a dotcom bubble. JP Morgan has done an analysis of current valuations and the physical limits to investment because of the need to build data centres and so on, and it thinks we could be up to about $5 trillion of investment by 2030. That means AI products will need to create an additional revenue of $650 billion a year to give a reasonable return to their investors. To put that into context, that is about 150% of the revenue that Apple makes, or the equivalent of about $35 a month for every customer it has in the world. It is my feeling that eventually investors will cotton on to that, and they will choose to moderate their investment. When that correction comes, the OBR thinks that it could affect the UK current deficit by between £15 billion and £26 billion, so will the Leader of House request that a Minister makes a statement about what contingency planning the Treasury is making for that scenario?

--- Later in debate ---

[Sir Alan Campbell]

I thank my hon. Friend for that important question and for the work that he does on the all-party group on outdoor recreation and access to nature. I am told that his constituency has some lovely countryside walks, and he is a worthy champion for them. Building on the success of previous Labour Governments in these matters, we will continue to work to reduce the barriers against ordinary people accessing nature. I would encourage him to raise this question at Environment, Food and Rural Affairs questions in a few weeks’ time.

[Mr Speaker]

I call the Chair of the Backbench Business Committee.

[Bob Blackman (Harrow East) (Con)]

I thank the Leader of the House for announcing the business in the Chamber on Backbench Business days. Will he also confirm that we will have the pre-recess Adjournment debate on Thursday 18 December? In addition, the Backbench Business in Westminster Hall on Tuesday will be a debate on the adequacy of funding to support homeless people, and on Thursday there will be a debate on a comprehensive acquired brain injury action plan, followed by a debated on seafarers’ welfare. On Tuesday 9 December, there will be a debate on consumer-led flexibility for a just transition, and on Thursday 11 December, there will be a debate on the role of Fairtrade certification in UK business and trade, followed by a debate on the future of the oil refining sector. On Tuesday 16 December, there will be a debate on planning policy for quarries, and on Thursday 18 December, a debate on the literary and cultural legacy of Jane Austen, followed by a debate on community audiology.

I join the Leader of the House in expressing horror at what has happened in Hong Kong. The fire has so far killed 59 people, with hundreds missing and firefighters killed. Three business executives have been arrested. This is not unique. There has been a similar fire in Spain at the Santa Lucia hospital, and, just a year ago, we had a fire in Dartford due to unsafe buildings. Across the country, there are unsafe buildings all over the place, including on Merseyside, where I read this morning that residents have had to be moved out of buildings renovated in 2007 because they are unsafe. In an adjacent constituency to mine, Ballymore is trying to put up a development that is denser than in Hong Kong, with more than 29 blocks of flats, of which 20 are above 20 storeys. The London Fire Brigade initially lodged objections. What is clear is that we in this country have to be wise to what could happen—another Grenfell. We must learn the lessons and ensure fire safety in our new and existing buildings is restored.

[Several hon. Members rose—]

[Mr Speaker]

I advise the House that questions will finish at about 12.30. If Members can help each other, we should get everybody in.

[Rachel Taylor (North Warwickshire and Bedworth) (Lab)]

Residents of Water Orton in my constituency have been plagued by HS2 works for years. Dust covering their cars and washing and now a really disgusting fishy smell are just some of the problems they are having to put up with. My constituents have told me that this is affecting their health. I have been raising this issue with HS2 since I was elected. Residents in Water Orton have been put through unacceptable levels of disruption. Will the Leader of the House make time for a debate on the impact of HS2 works on local residents’ health?

--- Later in debate ---

[Mr Alistair Carmichael (Orkney and Shetland) (LD)]

Reaching a sanitary and phytosanitary agreement with the European Union is one of the most significant developments that we are likely to see for farmers and other food producers. It could bring massive opportunities, but also significant risks, especially for arable farmers. Although any agreement will be implemented by the Department for Environment, Food and Rural Affairs, it is being negotiated by the Paymaster General, so the EFRA Committee invited him to give evidence to the Committee on 9 December. We sent the invitation on 17 September; after four reminders, we eventually received an email on 13 November indicating that the Paymaster General was

“content to decline the kind invitation to give evidence on this occasion.”

The Select Committee is not quite so content with this situation. Will the Leader of the House have a word with the Paymaster General and his diary secretary to see whether he might be able to make himself available for 9 December? This is a basic discourtesy to Parliament.

[Mr Speaker]

Order. I did appeal for brevity, so that I can try to get other Members in. If you do not want your colleagues to get in, just tell me which ones you do not want to speak! You are not helping me at the moment.

[Sir Alan Campbell]

The House will know that I am a strong advocate for Select Committees, the responsibilities that they hold, and the responsibilities that Members and Ministers have towards them. I will look into the matter; I am content to follow that up with the right hon. Gentleman. I do not know about 9 December—let us see what we can achieve—but I will take the matter up with the Paymaster General. He is doing a great job, and he is very busy, but Select Committees are really important.