Post Office: Horizon Compensation Arrangements

Lindsay Hoyle Excerpts

Thursday 24th February 2022 Commons Chamber

[Paul Scully]

I believe from my Twitter feed that my hon. Friend is meeting Nicola Arch tomorrow—Nicola and I have those exchanges. Again, my heart goes out to Nicola, because being spat at and stigmatised shows the extra suffering that people experience. It is not just about the convictions, tragic as they are, or the money, difficult as that is; it is about what has happened to these people in their communities as former champions of those communities. I cannot give her the timescale. As I said, I am working at pace and need to give myself a little bit of leeway, but it is days or weeks—it certainly will not be a moment longer than is necessary to put these people out of their misery and give them compensation and justice.

[Mr Speaker]

I call the SNP spokesperson, Marion Fellows.

[Marion Fellows (Motherwell and Wishaw) (SNP)]

I am speaking in a dual role as I am also chair of the all-party parliamentary group on post offices. The Minister, the APPG and I meet regularly. He has described the Horizon case as “harrowing”, but it is beyond that, and it has gone on far too long. I commend all hon. Members of this place past and present—I will not name them all—who have worked tirelessly on it. The nub of the matter is: is the Treasury really on board for all the money required to compensate for this farcical tragedy and for supporting the continuation of the Post Office network? It is disgraceful that people in Government and the civil service have known about it for so long—far too long—and almost refused to do anything about it. I do not include the Minister in that, because I know that he is working hard, but it requires more than him to work hard; the different silos of Government need to come together and completely sort it out.

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[Paul Scully]

I cannot give a particular commitment, but what I can say is that the Prime Minister is personally exercised by this, which is why we met some postmasters last summer. I was talking to him about the matter just yesterday. He is personally involved, and he gives me the kick that I need in order to give other people a kick to ensure that we can get everyone the apology, the compensation and the justice that they need.

[Mr Speaker]

That is the end of the statement—the urgent question, actually. It should have been a statement.

Oral Answers to Questions

Lindsay Hoyle Excerpts

Tuesday 22nd February 2022 Commons Chamber

[Greg Hands]

I thank my hon. Friend; it is always brilliant to get a question about that great hub of innovation and science in Loughborough, and it is brilliant to hear about Intelligent Energy’s plans to build a hydrogen fuel cell gigafactory in the east midlands. That is the kind of investment that will support highly skilled jobs in the UK’s nascent hydrogen economy and the Government’s levelling-up agenda. The Government provide support for fuel cells through various funds, including the Advanced Propulsion Centre and the automotive transformation fund, which have already committed over £38 million to 16 projects with a total value of almost £85 million.

[Mr Speaker]

I call Tim Loughton—not here.

[Jamie Stone (Caithness, Sutherland and Easter Ross) (LD)]

Onshore and offshore, my constituency has more wind turbines than I can shake a stick at. Does the Minister not agree that we should generate hydrogen where the electricity is being made? Perhaps if he came to have a look at the wind turbines in my constituency, he would get the same delicious scones that I promised the Prime Minister when he comes to see the first space launch.

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[Greg Hands]

My hon. Friend is a passionate supporter of local jobs in Blackpool. He is right: in December, I visited Springfields, which is just outside his constituency. It reminded me of the strategic national importance of our fuel industry, which is why we secured £75 million in the spending review to preserve and develop the UK’s nuclear fuel production capability. That funding will support the UK supply chain to power the reactors of today and advanced nuclear in the future.

[Mr Speaker]

Let us go to the constituency that Springfields is in. I call Mark Menzies.

[Mark Menzies]

Thank you, Mr Speaker. Fracking has proven itself wholly unsuitable for the Fylde coast, with seismic events in Fylde twice forcing national moratoriums. Will my right hon. Friend assure my constituents and me that he agrees that to deal with the energy crisis, we need to look to technologies of the future such as next- generation nuclear, powered by Fylde-manufactured nuclear fuel?

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[Andy McDonald (Middlesbrough) (Lab)]

Yesterday, the Prime Minister said that workers in the UK should learn from Germany, where workers do not have a habit of going into work when not well. Will the Minister learn from the German Government and bring in statutory sick pay that covers 100% of workers’ salaries instead of the measly 90% that is covered in the UK, which leaves so many workers in the terrible position of having to do the responsible thing of isolating while being sick and not being able to put food on the table? On that point, will the Minister take this opportunity—

[Mr Speaker]

Order. Mr McDonald, I gave you the privilege of getting in. Questions are meant to be brief. There are two other people who have to come in as well; it is not just about you.

[Paul Scully]

During isolation, we made it easier to claim statutory sick pay. We also changed universal credit to make it easier to claim and more generous. We continue to support people as this pandemic becomes endemic.

Oral Answers to Questions

Lindsay Hoyle Excerpts

Tuesday 11th January 2022 Commons Chamber

[Kwasi Kwarteng]

Absolutely. I know that my hon. Friend is doing an excellent job of representing his constituents and making sure that the Government deliver on the levelling-up agenda.

[Mr Speaker]

I call the shadow Minister.

[Bill Esterson (Sefton Central) (Lab)]

Buying British is a great way for the Government to boost productivity, so why are they buying so many covid tests from China? Many of those tests have only temporary approval from the Medicines and Healthcare products Regulatory Agency and are now banned in the United States. In contrast, the MHRA is delaying approval for British test manufacturers, who have approval and can sell around the world but not here. Surely the Secretary of State is not going to tell us that the MHRA has a different set of standards from those in all other countries. When will he get behind British manufacturers who want to play their part in fixing the shortage of covid tests?

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[Paul Scully]

I support the personal care sector, which I have engaged with regularly over the past few weeks. My right hon. Friend refers to the hospitality sector, cafés and the like. The grants that we are now offering equate to the levels we were offering when those businesses were closed, in recognition of the chilling factor affecting the number of events booked in the lead-up to Christmas—that is the rationale behind it. The care sector can also get discretionary grants from the local authority.

[Mr Speaker]

I call the shadow Minister.

[Seema Malhotra (Feltham and Heston) (Lab/Co-op)]

Tory failures on the economy now show all too clearly that the Tories are no longer the party of business. Business taxes and costs are rising, revenues and profits are falling, and businesses face a cliff edge in March as support is withdrawn. Yet when hospitality businesses were losing, on average, £10,000 a week, the Chancellor was in California, with the Business Secretary nowhere to be seen. Does the Minister agree that hospitality businesses, hit hard by covid and Government chaos, need more than the one-off grants finally announced, and will he now back Labour’s calls for the Government to consider extending the VAT discount for hospitality?

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[Kwasi Kwarteng]

I am delighted to see the hon. Gentleman take his place. I remember him being a prominent member of the economic team under the right hon. Member for Islington North (Jeremy Corbyn). I am glad to see that there is life after death and that he is here today. My only regret is that the right hon. Member for Doncaster North (Edward Miliband) is not here. I am afraid that the split of net zero from business shows that Labour is not serious about the energy crisis. It is not serious about placing net zero in the context of business and growth and it is completely off the pace in terms of driving clean—

[Mr Speaker]

Order. I call Jonathan Reynolds. [Interruption.] Sorry, sit down and I will just explain once again. These are topical questions. They are not meant to have a “War and Peace” answer. I want to get Back Benchers on both sides of the House in. You are taking their time.

[Jonathan Reynolds]

There was a lot of talk from the Secretary of State, but no answer. However, let us take up the point that he made. Earlier, one of his Ministers gave me an answer about UK steel production. The Secretary of State talks about net zero, but that cannot be achieved by exporting UK industry and jobs. We have pledged £3 billion of investment in steel, which would match fund pilots in hydrogen in place of coal and joint fund investment in electric arc furnaces. Domestic steel is essential to net zero; it is relevant to levelling up because it provides the jobs and the wages in many parts of the country; and it relates to Brexit because our producers now pay higher tariffs than companies in the EU to export to the US. Net zero, levelling up and Brexit amount to the Government’s entire agenda, so Secretary of State, again—

[Mr Speaker]

Order. Do you not both understand? Your Back Benchers are desperate to get in. If the shadow Secretary of State wants to come in, he should be brief. If not, he should come in early when he has got more time. Secretary of State, briefly.

[Kwasi Kwarteng]

Very briefly, we have reduced carbon emissions by 45% since 1990, more than any other country in the world. We have grown the economy by 80%. We think that net zero and economic growth go hand in hand; the Labour party does not.

Storm Arwen: Power Outages

Lindsay Hoyle Excerpts

Monday 6th December 2021 Commons Chamber

[Edward Miliband (Doncaster North) (Lab)]

On a point of order, Mr Speaker. Can you give me some guidance on the absence of the Secretary of State from this urgent question? Yesterday, he claimed to be getting a grip on this crisis, but today he has run away from answering questions in this House. The truth is that there are very serious issues here, and the Minister has had to come up with a hastily arranged “dog ate my homework” excuse in which he claims that the Secretary of State is on the phone to Northern Powergrid at the moment. He could have been on the phone before this urgent question or after it. This is an insult to the people in the north of England and an insult to this House.

[Mr Speaker]

It is not for me to choose who comes to the Dispatch Box. It is up to the Government to decide who they provide, and the Minister was very thorough in his long answers to questions. You have also been in government, and you were the ones who chose who stood at the Dispatch Box. I do not think the points you raise will have gone amiss. You did say that the Secretary of State was meant to be on a phone call, and it was with the Prime Minister as well. I am sure people will check to see if that is the case, as I am sure it is. If the Minister says it is the case, it must be the case.

[Mr Kevan Jones]

Further to that point of order, Mr Speaker. I agree with my right hon. Friend the Member for Doncaster North (Edward Miliband) that it is disappointing the Secretary of State is not here to answer questions.

The Minister said he and the Secretary of State have visited affected areas. It is very strange that they visited only those with Conservative Members of Parliament. He got off the train in the constituency of my hon. Friend the Member for City of Durham (Mary Kelly Foy), and no doubt to get to Weardale you have to travel through my constituency, but they made no effort to go anywhere but where they have a Conservative MP. I am sorry, but politicising the crisis is not right.

[Mr Speaker]

Do you want to answer, Minister?

[Greg Hands]

I will deal with it head on, because not only did I take a call from the right hon. Member for North Durham (Mr Jones) on the Friday morning but I visited and talked to individuals in the call centre, which is in the constituency of the hon. Member for Houghton and Sunderland South (Bridget Phillipson), who was informed of my visit. So we actually visited there. On Friday, I visited Ellon, which is in the constituency of the hon. Member for Gordon (Richard Thomson). So yes, we visited Conservative-held constituencies, but we also visited Labour and SNP-held constituencies. I urge the right hon. Member for North Durham to withdraw that allegation.

[Mr Speaker]

I am not going to reopen the debate.

[Richard Thomson]

Further to that point of order, Mr Speaker. There is an important distinction to be drawn between visiting a constituency and inviting the MP to join you. I wonder how I might be able to correct the record, as the Minister said something that does not seem to be exactly in accord with how arrangements were made.

[Mr Speaker]

This is becoming a political decision, which I do not want it to be. What I would say to Ministers is that, when they visit an affected constituency held by whichever political party, it is good order to see the MP, and it should not look like they are visiting the constituencies of just one political party. I am sure that would never happen and I am sure it will be resolved in future.

Oral Answers to Questions

Lindsay Hoyle Excerpts

Tuesday 16th November 2021 Commons Chamber

[Mr Speaker]

We are meant to have only one question.

[Kwasi Kwarteng]

My hon. Friend smuggled a leading question into his first question. He knows that ARIA is a key part of our strategy to become a science superpower, and he and I can discuss the role that Bolton will play in that exciting future.

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[Lee Rowley]

That is neither an accurate reflection of the situation nor an accurate reflection of the historical support that has been given to the steel industry. Since 2013, there has been £600 million-worth of support for electricity price relief. The industrial energy transformation fund was opened last year and steel companies had the opportunity to apply for it, and we have published the steel procurement pipeline and the steel safeguards. We will continue to work with this important sector to ensure that it can decarbonise and has long-term support for its future.

[Mr Speaker]

I call Neil Parish.

[Neil Parish (Tiverton and Honiton) (Con)]

Question 5, Mr Speaker.

[Mr Speaker]

You are meant to stand up.

[Neil Parish (Tiverton and Honiton) (Con)]

5. What steps he is taking to help protect families from increases in global gas prices.

Nuclear Energy (Financing) Bill

Lindsay Hoyle Excerpts

2nd reading
Wednesday 3rd November 2021 Commons Chamber

Second Reading

[Mr Speaker]

I inform the House that I have not selected either of the reasoned amendments.

Net Zero Strategy and Heat and Buildings Strategy

Lindsay Hoyle Excerpts

Tuesday 19th October 2021 Commons Chamber

[Derek Thomas (St Ives) (Con)]

rose—

[Mr Speaker]

I call David Duguid.

[Derek Thomas]

I welcome the Minister’s statement and the strategy itself, which says that 80% of fossil-fuel-heated off-grid homes could accommodate a low-temperature heating system. The potential to develop the most fuel-poor homes, many of which are in my constituency, is enormous. The Minister is right to mention the development and affordability of heating units themselves as things progress, but to fit such a unit, a person needs to insulate their home well and increase the size of their radiators. They may even need to increase the supply of energy to their home, as I found out in my own case. Will the Minister give careful thought to the up-front cost of fitting such a unit for a fuel-poor home, and all the other costs that make a home the home that people deserve?

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[Greg Hands]

I get tired of the politics of division that we hear from the SNP all the time. It is the politics of pitting Scotland against, in this case, the north of England. We are a Government for the whole United Kingdom and I bitterly regret the hon. Lady’s language and her accusation that we have somehow put the north of England in a privileged position relative to other parts of the UK. We have been clear that in track 1 there will be at least two industrial clusters by the mid-2020s and four by 2030 at the latest. We have the Acorn cluster as a reserve. As I said earlier, it met the eligibility criteria and performed to a good standard. We will continue to engage with the sector so that it can continue its development and planning.

[Mr Speaker]

I have Derek Thomas next, so it must be David Duguid.

[David Duguid]

On behalf of Cornwall—no, I rise to speak on behalf of my constituency of Banff and Buchan, to which I shall turn in a moment. First, I thank my right hon. Friend the Minister for his visit last week to Aberdeen, where he expressed the Government’s ongoing and continuous support for the oil and gas sector and its valuable role in the energy transition to net zero. The North sea transition deal includes carbon capture and storage; far be it from me to correct the hon. Member for Kilmarnock and Loudoun (Alan Brown), but the hon. Member for Edinburgh North and Leith (Deidre Brock) got it right: it is St Fergus, not Peterhead. Is it not entirely predictable from SNP Members? They have been practising their script since before the bids even came in—they gleefully declare betrayal.

Given the fact that the Government have already expended £31 million in the Scottish cluster, will my right hon. Friend meet me to discuss the Government’s plans to help the Scottish cluster to develop and plan not only as a reserve but certainly for the next track of negotiations?

Oral Answers to Questions

Lindsay Hoyle Excerpts

Tuesday 21st September 2021 Commons Chamber

[Kwasi Kwarteng]

Absolutely right. UKRI is responsible for the budget and I am in frequent conversations with UKRI. We have to work to see what we can do to focus, with laser-like attention, on this debilitating illness.

[Mr Speaker]

Thank you, Secretary of State. May I just say that everybody in rugby league is aware that Rob Burrow is an inspirational person? He really is that great man and great character.

[Hon. Members]

Hear, hear.”

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[The Secretary of State for Business, Energy and Industrial Strategy (Kwasi Kwarteng)]

Yesterday I updated the House on the UK gas market. As I said in my statement, protecting consumers is our primary focus and is shaping our entire approach to the issue; they must come first.

I welcome the new members of the Business, Energy and Industrial Strategy ministerial team. We had a great team before the reshuffle, but I am pleased that we have a good team with us today.

Over the summer, my Department has been abuzz with activity. We have introduced our innovation strategy and the hydrogen strategy, and outlined the new round for our contracts for difference scheme. It has been an excellent way to start and I look forward to continuing in that vein.

[Mr Speaker]

I call Harriett—I mean, Clive Betts.

[Mr Betts]

Thank you, Mr Speaker; for a minute, I thought you were going to miss me out!

I welcome the fact that the Secretary of State launched the Government’s hydrogen strategy in my constituency at ITM Power, which is a leading green hydrogen producer. The German strategy is totally committed to green hydrogen alone, and of course the Germans have put substantially more funding in than we have into this country’s strategy. The Government have an aspiration to replace all fossil fuel boilers in this country by the 2030s. That ambition is important for reducing carbon emissions and for the security of our energy supplies. Does the Secretary of State agree that we can deliver on that ambition only with a much more significant commitment from the Government to develop and install green hydrogen boilers across the country?

UK Gas Market

Lindsay Hoyle Excerpts

Monday 20th September 2021 Commons Chamber

[Several hon. Members rose—]

[Mr Speaker]

Order. Before anybody bothers to raise the matter, I say to the Secretary of State that it is totally unacceptable to take so long—almost 13 minutes—and not to have warned the Opposition. I would have thought that the people who put the statement together would have timed it. It is 10 minutes for a statement, and we need to get back to the rules of the House—not the rules that I make, but the rules that this House makes. I say to the shadow Secretary of State that I am sorry you did not know the statement would take so long, but by all means take an extra minute or whatever to compensate. But, please, in future, we should get this right and not take advantage of Members who are here to question the Secretary of State.

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[Edward Miliband]

On a point of order, Mr Speaker.

[Mr Speaker]

Is it relevant to what has just happened?

[Edward Miliband]

Yes, Mr Speaker.

To follow on from the point made by the right hon. Member for Forest of Dean (Mr Harper), I submit that it really is not good practice for the Secretary of State to come to this House and say that he will make a joint statement with Ofgem this afternoon to set out the Government’s next steps, but refuse to tell Members what is in that joint statement. The point of his coming to the House is for him to be questioned on Government policy—including policy to be announced this afternoon.

[Kwasi Kwarteng]

Further to that point of order, Mr Speaker. I am happy to answer the right hon. Gentleman. He will appreciate that this is an extremely fast-moving and dynamic environment. As of 4.32 today, we have not finalised the statement, so it would be premature of me to make an announcement right now. There will be subsequent House of Commons events—we have oral parliamentary questions tomorrow and I am to appear before the Select Committee on Wednesday—so we can discuss these issues in full detail in the next few days.

[Mr Speaker]

Can I just say that the ministerial code says that Ministers are answerable to this Chamber, not to anybody outside? It is about being here. I do not think this is acceptable. It is continual. I thought we had got the message through to the Prime Minister when I had a meeting with him, but it is obviously not reaching Secretaries of State and Ministers.

If you want to make some statement afterwards, Secretary of State, I hope you have it covered by somebody making a statement at the same time. This House deserves its respect. People here, on all sides, are elected to hear from you and to be told here first, not to be told second hand by the media and that somebody might come to the House tomorrow if they feel like it. What would have happened if it had been Thursday? It is not right, it is not acceptable and we are going to have to get this right. I am telling you now: I will begin to change the course of what you think the direction is.

[Mr Harper]

Further to that point of order, Mr Speaker. The reason that I raised this matter is that, if announcements are made this afternoon by Ofgem about the Government’s policy, which is what it says in this statement, I need to be able to ask the Secretary of State questions about consumers who are off the gas grid, who are not protected by the price cap. About a third of my constituents are in that position. It is no good saying that those questions can be asked by the Select Committee on Business, Energy and Industrial Strategy; I am not on that Committee, and I need to be able to ask them in this House. I just ask the Secretary of State: when will he come to the House?

Mr Speaker showed last week that, when the Government want to make an urgent statement, he was willing to facilitate it. The House is sitting late tonight. The Secretary of State could come back tonight, make the statement and we could ask those questions that our constituents want us to ask at the earliest opportunity. That was the point of the question that I asked during the statement, and Mr Speaker has given his very clear steer.

[Mr Speaker]

I go out of my way to ensure that this House hears, but I cannot work on my own; it works two ways. I am saying to you that this House needs to hear. Ofgem is very important, but it is not elected. The people here are elected to serve constituents. The ministerial code needs to be sent to every Minister and every Secretary of State, with the point about where responsibility lies underlined.

[Kwasi Kwarteng]

Further to that point of order, Mr Speaker. I hear what you are saying, but I have to remind the House that this is part of a cross-Government approach. It is quite right that we are speaking to Ofgem and I cannot tell my right hon. Friend what time that statement will be published.

[Mr Speaker]

Can we make sure, through the Clerks, that the Secretary of State gets a copy of the ministerial code? Have it underlined and then we will have a discussion. Right, let us see if we can move on a bit.

Newport Wafer Fab Sale

Lindsay Hoyle Excerpts

Thursday 15th July 2021 Commons Chamber

[Sir Geoffrey Clifton-Brown (The Cotswolds) (Con) [V]]

(Urgent Question): To ask the Secretary of State for Business, Energy and Industrial Strategy if he will make a statement on the sale of the Newport Wafer Fab semiconductors plant in Duffryn, Newport, to the Chinese-owned firm Nexperia.

Thank you very much for granting this urgent question, Mr Speaker. I thank the Minister also for being present to answer it. I understand that the Government cannot comment on security matters, but the purpose of the urgent question is to give Parliament an opportunity to make its views known about the strategic importance of the Chinese takeover of Wafer Fab, a semiconductor manufacturer based in Newport.

The Chinese firm Wingtech Technology has a controlling stake in the acquiring company Nexperia, which supplies Chinese companies that create smartphones, including Huawei. The Prime Minister stated at the Liaison Committee last week on 7 July:

“This Government is spending a huge quantity of taxpayers’ money to make sure that we get Huawei out of our telecommunications networks.”

Would it not therefore be completely inconsistent if Government policy allowed the takeover of a firm creating microchips of such importance to our national security? The Prime Minister also stated that we need to be more self-reliant, and that he was told that it costs £9 billion to build a semiconductor factory. Why would we allow such sophisticated national infrastructure to be sold?

Finally, while I agree with the Prime Minister that we do not want an

“anti-China spirit to lead to our trying to pitchfork away every investment from China into this country”,

in this particular case the security issues should be paramount. China considers this matter vital for its national security, as do other countries, including our ally the United States. Why are our Government not taking the same view?

[Mr Speaker]

We have gone slightly out of order. The hon. Member was meant to just ask the urgent question, and then come back. If the Minister can roll the two together, I will then go to the shadow Minister.

[The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Amanda Solloway)]

Of course, Mr Speaker. The Government recognise Newport Wafer Fab’s value as a company, and its contribution to consortia based at the south Wales compound semiconductor cluster. The Government are committed to the semiconductor cluster and the vital role that it plays in the UK’s economy. The Welsh Government have previously provided financial support to the company, as economic development is devolved and the responsibility of the Welsh Government.

Under the Enterprise Act 2002, the Government have powers to intervene in mergers and takeovers that raise national security concerns. We have recently strengthened those powers in the National Security and Investment Act 2021, which is expected to come into force at the end of this year, but it is right that commercial transactions are primarily a matter for the parties involved. The Government have been in close contact with Newport Wafer Fab, but do not consider it appropriate to intervene in this case at the current time.

We will continue to monitor the situation closely, and, as part of that, the Prime Minister has asked the national security adviser to review this case. Separately, work is under way to review the wider semiconductor landscape in the United Kingdom. As I am sure the House will appreciate, I am unable to comment on the detail of commercial transactions, or of any national security assessment of a particular case.

--- Later in debate ---

[Amanda Solloway]

As I have said, the Government have looked closely at the transaction and do not consider it appropriate to intervene at the current time. The Prime Minister made it clear at the Liaison Committee that he would ask the National Security Adviser to do a review. I am afraid that I will have to get back to my hon. Friend on an impact assessment as I do not know that.

[Mr Speaker]

I think that was a hint that the Government should provide them when they are promised.

[Sir Iain Duncan Smith (Chingford and Woodford Green) (Con)]

I congratulate my hon. Friend the Member for The Cotswolds (Sir Geoffrey Clifton-Brown) on his question.

May I say to the Minister that I think the Government are in an unholy mess over this? It is no good their telling us that there is a very clear definition of what is strategic and what is not strategic. In the course of this failure to make a decision, did they look at what China thinks of semiconductors? China is the biggest exporter in the world and is busy buying up semiconductor technology everywhere it can find it. It has identified semiconductor technology as one of the key areas that it needs to dominate globally, and it is busy stealing technology, getting other people’s intellectual property rights and buying up companies. The idea that a semiconductor is not strategic! The technology will be used in almost everything we do—in everything we produce that is electronic.

My simple question is: are we now in a kind of Project Kowtow, where we just have to do business with the Chinese no matter what? That is outrageous. The Minister must take back to her Cabinet colleagues that it is not going to pass. We should have used the Act and blocked the deal.

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[Amanda Solloway]

As I mentioned, the Government are completely committed to human rights and are mindful of everything we need to do on that. We have looked very closely at this transaction. I can give the hon. Gentleman my reassurance that the National Security and Investment Act will allow the Government to scrutinise and intervene on any acquisitions that may pose a national security risk. I reiterate that the Government want a mature, positive relationship with China based on mutual respect and trust. There is considerable scope for constructive engagement, but as we strive for a positive relationship, we must not sacrifice either our values or our security.

[Mr Speaker]

I now suspend the House for a few minutes to enable the necessary arrangements to be made for the next business.