(2 years, 4 months ago)
Commons ChamberYes, I am afraid that question does not relate to gigabit broadband roll-out.
The progress with which we have commenced the roll-out of gigabit broadband across the UK has been exemplary. Just last week, I held a roundtable with telecommunications providers to urge them to look at social tariffs and to offer lower rates to those who are left behind and cannot afford the rates that others can. Work never stops in this area. We are very aware of those who cannot access broadband and cannot have digital access—
In the last few weeks, we have seen huge crowds at Her Majesty’s platinum jubilee, Glastonbury, Silverstone and Wimbledon. The women’s Euros kicked off last night, and the Birmingham Commonwealth games are on their way. It is set to be a great British summer of culture and sport.
Speaking of sport, last week I was lucky enough to attend an event celebrating the upcoming rugby league world cup—[Interruption.] I know that Mr Speaker is a huge fan of the sport, and while I do not share his detailed expertise, he will be delighted that rugby league’s execs have told me—and him, I believe—that rugby league has never had so much publicity and so much attention. All I can say, Mr Speaker, is, “You’re welcome.”
I think you did a great job for rugby league. We certainly got it promoted.
I assure my hon. Friend that the safety of spectators at football matches was the key priority in the development of the policy. The report found that keeping seats unlocked would offer greater choice to spectators and was supported by the data from the spectator survey. Of course, I am always happy to meet and discuss the matter further.
(2 years, 8 months ago)
Commons ChamberI will—I congratulate and applaud them. My hon. Friend was there on Channel 5’s opening night, and so were the Spice Girls. Some of us in this House are old enough to remember that evening. Channel 5 does a huge amount for independent production companies, and one fifth of all its commissioning spending goes to those smaller companies. That is a larger spend than the BBC, Channel 4 and ITV. It also does a huge amount in the regions, and it far exceeds its Ofcom quota every year. As I said in my first reply, it is the levelling-up broadcaster, and I think those statistics alone bear that out. I wish it another 25 years, and I congratulate everybody working there.
And we wish them well with that. There are certain principles that apply to Chelsea within the Department and with myself. We applied the sanctions to Roman Abramovich, and obviously he cannot benefit in any way from the club, but it was important to maintain the integrity in the club and enable the club to continue to play and the fans to continue to enjoy football. With regard to the sale, I believe that there has been a huge amount of interest. All I will say here is that anyone who is interested in buying Chelsea football club should please go straight to the club. The Government are not handling that side of—
Order. We only have seven minutes, and we are on topical questions. We need to be short and punchy, just to get some more Members in.
(2 years, 9 months ago)
Commons ChamberWe have entered the eighth day of Ukraine’s fight for survival. In the week since Vladimir Putin launched his unprovoked, premeditated and barbaric attack on a free and peaceful neighbour, the UK has led a united Western response to his brutality. We are working with allies around the world on multiple fronts to ensure that the Russian dictator feels the full cost of his invasion. On the military front, we have provided Ukraine with the weaponry to inflict significant losses on the invading Russian forces. On the economic front, we have worked with international partners to cripple the Russian economy, but as history has shown us, there are other powerful ways of isolating rogue regimes.
Culture and sport can be as effective as economic sanctions if used in the right way, and so in the last week I have been working to mobilise the full might of the UK’s soft power against the Russian state, and applying pressure both publicly and privately across the sectors to use every lever at their disposal to entrench Putin’s position as an international pariah. Culture is the third front in the Ukrainian war. Earlier this week, I brought together governing bodies from across sport and I made the UK’s position clear: Russia should be stripped of hosting international sporting events, and Russian teams should not be allowed to compete abroad.
Across sport, the arts and entertainment, we are ostracising Putin on the global stage. The upcoming Champions League final and Formula 1 Grand Prix will no longer be held in Russia. Likewise, Russia has been banned by UEFA, FIFA, World Rugby, the International Tennis Federation and the International Olympic Committee. Venues across the country have cancelled upcoming performances by the Bolshoi and Siberian ballets. Disney and Warner Bros. have pulled their films from Russia. Netflix has stopped its projects. BBC Studios and ITV Studios have stopped trading with Russia too, and Russia has been banned from taking part in the Eurovision Song Contest.
Putin is now suffering a sporting and cultural Siberia of his own making, and it will be causing the Russian leader real pain. Ask Ukrainian tennis player Sergiy Stakhovsky, who gave a very moving interview on the radio earlier this week. A few weeks ago, he was playing at the Australian Open. Now he is back in Ukraine, preparing to fight for his country’s survival. He said that Putin loves nothing better than watching Russia’s sports teams’ glory on the world stage, his athletes draped in the Russian flag.
Putin needs the kudos of these global events to cover up his illegitimacy and the hideous acts he is perpetrating in Ukraine. The Russian despot is desperately trying to hide the grim extent of his invasion from his own people. That is why I strongly support, and continue to encourage, the kinds of emotional displays of solidarity we have seen across sporting events in the last week, including the Carabao cup final and the Six Nations. Lights and symbols cannot stop bullets and bombs, but when Russians see their favourite footballers wearing shirts emblazoned with the bright blue and yellow of the Ukrainian flag, it helps to open their eyes to the cold reality of Putin’s actions. Likewise, every time an international organisation or figure publicly stands up against what Putin is doing in Ukraine, they chip away at his wall of lies. I thank and applaud all those who have done so, in this country and internationally, and I continue to push for organisations to exile Putin’s Russia from their ranks.
That is why I have called on UNESCO to bar Russia from hosting its annual world heritage conference in June. It is absolutely inconceivable that that event could go ahead in Putin’s country as he fires missiles at innocent civilians in neighbouring Ukraine. If it does go ahead, the UK will not be attending. That is also why I urged the International Paralympic Committee urgently to rethink its decision to allow athletes from Russia and Belarus to compete. Such pressure works; the IPC’s decision was the wrong call, and I welcome the fact that overnight it has listened and this morning it has reversed that decision. I wish our athletes the best of luck in Beijing over the coming days. Later today, I will be hosting a summit with countries from all over the globe to discuss how we can continue to use the power of sport to isolate Putin at home and abroad. We have to keep ratcheting up the pressure. Putin must fail.
In my Department, we have been working tirelessly to use the power of tech and the media against the Russian dictator and to shut down and counter his propaganda and lies, because they are key weapons in his arsenal. The Department’s counter-disinformation unit has been working to identify and remove Russian disinformation online. Alongside the US and others, we have been working closely with platforms to take pre-emptive action against Putin, and to demonstrate the consequences of his brutality in real time to the Russian people. Apple has paused all sales in Russia, Google has added new safeguarding features to Google Maps and Search, and WhatsApp is hosting a helpline for Ukraine’s state emergency service that sends people information and critical news about the local situation.
While big tech has stepped up in a really positive way, we are also encouraging and supporting platforms to go even further to tackle certain challenges, including disinformation, service disruptions and the humanitarian crisis triggered by the conflict.
In this digital age, the Ukrainian war is being fought on the ground and online, so we need to use tech wherever we can as a force for good to counter Putin’s aggression, to expose his weaknesses and to bolster the people fighting for their survival in Ukraine.
From the very moment that Putin began his invasion, I was very clear that he must not be allowed to exploit our open and free media to spread poisonous propaganda into British homes. RT’s own editor-in-chief has called the network an “information weapon” of the Russian state. That is why I wrote to Ofcom last week, urging it to examine any potential breaches of the broadcasting code. Ofcom has since opened 27 investigations into RT and is now reviewing whether to revoke RT’s licence entirely.
In the meantime, those investigations have been overtaken by events. I was very glad to see yesterday that the channel is now officially off the air on British televisions, after it was shut down on Sky, Freeview and Freesat. I have also written to Meta and TikTok asking them to do everything that they can to prevent access to RT in the UK, as they have done in Europe. I am glad that YouTube has already answered this call and done so.
We are on the side of free media. That is why it was brilliant to see that the audience for the BBC’s Russian language news website has gone up from 3.1 million to 10.7 million in the past week. Despite his best efforts to censor reporting in Russia, Putin’s own citizens are turning to factual, independent information in their millions.
At this point, I would like to offer my heartfelt thanks and admiration to all those journalists, working for the BBC, ITV and other news outlets, who are risking their lives to bring us unbiased and accurate news from a live war zone. We will keep ratcheting up the pressure on Putin, and I will use all the levers in my Department to ensure that he is fully ostracised from the international community.
(2 years, 10 months ago)
Commons ChamberThere have been absolutely no delays. The Joint Committee reported on 10 December and the Bill will come to the House very shortly. We have taken time to consider the recommendations carefully, and the recommendations of the Law Commission, and the Bill will be here very shortly.
I am disappointed to hear about the response from the tech companies, but frankly not surprised. We will bring forward legislation that introduces criminal sanctions, including pretty steep fines—10% of global annual turnover, which could be as much as £18 billion, so they will be considerable. My hon. Friend is absolutely right. We should not be having to do this. Those organisations have a moral responsibility to provide the protections that young people require. It is their responsibility to ensure that illegal material is no longer placed online, that they remove content that is legal but harmful, but most of all that they protect young people and children. The Bill will have those three considerations at its heart. The companies could be doing what they need to do right now—they do not need the Bill. They could be removing those harmful algorithms right now.
I bow to the expertise of my right hon. Friend, who has served in my job and in the Department for many years, and served as Chair of the Culture, Media and Sport Committee. I do not think anybody in the House knows as much about this as he probably does, so I bow to his expertise. I would like to talk to him about his ideas on how we can move forward, and I pay tribute to him for having always championed local media throughout his career. I am happy to meet him to discuss that further.
Unfortunately, Mr Blomfield is not here to ask the first question. I would like the Secretary of State to answer the question about departmental responsibilities, and then I will move on to the next one.
Thank you, Mr Speaker. I do not think I said happy new year to you at the beginning of questions. Happy new year to everyone here today.
I know it has been a tough few weeks for our world-class arts and culture sector, which has found itself grappling with omicron and covid rather than the festive rush. We have supported the sector throughout the pandemic and in December we doubled the emergency funding available, to £60 million, to overcome this latest challenge.
In the meantime, UK tech enjoyed another record-breaking year in 2021—I think this country had three times the tech investment of any other EU country. As we head into 2022, it promises to be a historic year for the future of the UK. We continue to make fantastic progress on our three showstopper events—Birmingham Commonwealth games, Unboxed and Her Majesty’s platinum jubilee, all of which will bring the whole country together in a year of celebration and renewal.
(3 years ago)
Commons ChamberI thank my hon. Friend for his question. On the charter review, the mid-term review does begin—and we will start discussions—next year. The charter renewal, which is the point at which the future of the licence fee will be decided, does not take place until 2027. As I have just said, in those discussions the editorial perspective and a number of layers and things recently highlighted during the response to the Serota review are all under consideration, and my hon. Friend’s comments have been noted.
My hon. Friend raises an important question. Historic and cultural buildings, such as the Empire and Townley Hall, are at the heart of their communities, and we are determined to protect them for future generations. I am pleased that eight organisations in my hon. Friend’s constituency received just over £1 million from the culture recovery fund, as well as £20 million from the levelling-up fund, and a grant of more than £1 million from Historic England’s high streets heritage action zone initiative. I urge my hon. Friend to contact Historic England and the National Lottery Heritage Fund to explore further funding opportunities.
I remind everybody that we need to be short and sweet in topical questions to get everyone in.
Order. I have to get other people in on topicals. It is unfair for people to take all the time, when it is Back Benchers’ Question Time as well. Please, we have to help Back Benchers. I call the Secretary of State.
Thank you, Mr Speaker. The hon. Lady mentioned sleaze and this Government about four times: I thought she was going to enlighten us on the earnings from Mishcon de Reya received by the Leader of the Opposition, but she failed to do so. She also failed to mention that this Government appointed Vera Baird, the former Labour MP for Redcar, as the Victims’ Commissioner. The process is fair. It is overseen by the Commissioner for Public Appointments and a code of governance.
(4 years, 5 months ago)
Commons Chamber(4 years, 6 months ago)
Commons ChamberCoronavirus presents the most serious public health emergency that our nation has faced for a generation. I thank Members for the many contributions made in this debate, which have showed vividly the impact that the pandemic has had on our constituents and our country as a whole. Today, on the international day of the nurse and as a former nurse myself, I echo the sentiments of Members and express my gratitude for the crucial work and commitment to duty shown by our nurses everywhere in all that they are doing to care for others at this important time.
With regard to the devolved Administrations, we have taken a four-nation approach and have worked closely with the devolved Administrations every step of the way, but, as the Prime Minister set out, part of that four-nation approach will be acknowledging that the virus may be spreading at different speeds in different parts of the UK. I assure the House that at all times we will be guided by the science, which the hon. Member for Leicester South (Jonathan Ashworth) has himself just mentioned.
On the science, my right hon. Friend the Member for Chingford and Woodford Green (Sir Iain Duncan Smith) queried the 2-metre distancing rule. Modelling data supports the view that large droplets expelled during breathing and talking, which are the main droplets associated with respiratory viruses, in the main drop to the ground within a 2-metre radius of a person. The distribution of droplets is influenced by a very large number of factors, including humidity, temperature, ventilation, velocity, size and composition of the droplets. There is general agreement that large droplets are unlikely to spread beyond 2 metres.
Members have raised the benefits for the green economy and our environment and the increase in wildlife and cleaner air. As people return to work, we have encouraged flexible working. We have asked people to work from home if they can, and to get to work by foot or by bicycle, which is a greener way to travel.
Several hon. Members have raised the impact of coronavirus on BAME communities. It is critical that we find out which groups are most at risk so that we can take the right steps to protect them and minimise that risk. We have commissioned Public Health England to better understand the different factors that may influence the impact of the virus on these communities.
We have also heard widespread support from across the House for our care sector. We have overhauled the way PPE is delivered to the care sector, ensured that residents and staff are tested and have supported local authorities with £3.2 billion of additional funding to help frontline care services.
Another common theme during this debate was the supply of PPE. It is important to recognise that there have been real challenges in this area, given the sudden and high global demand for those products and the need to establish new supply chains from scratch. Despite that, since the beginning of the pandemic, we have still managed to deliver more than 1.2 billion items of PPE. We are continuing to source more PPE through our new Make strategy, which is headed up by Lord Deighton.
We also heard several contributions about testing. The Government’s ultimate goal remains that anyone who needs a test should be able to access one and we will continue to expand our capacity until that is achieved. As our capacity has continued to increase, we are now able to test all essential workers and those who are unable to work from home and everyone over 65 and members of their households, if they have symptoms. We are also ramping up testing for NHS staff and patients and social care staff and care home residents, both with and without symptoms.
Some have suggested that Public Health England should have involved private testing companies earlier. Unlike some countries, we did not enter this crisis with a major private diagnostics manufacturing industry to call on. However, over a very short period of time we have seen our life science companies and pharmaceutical giants step up. Working with our world-leading but smaller diagnostic companies, they have built an impressive British diagnostic industry at scale.
Some Members asked about the transparency of scientific advice. At all times during this pandemic, we have been consistently guided by the scientific advice. All advice put to the Government by SAGE has been published online and the membership has also been published online.
Members asked about returning to school and pay for key workers. I note that that will be covered in a debate tomorrow. However, there are ongoing discussions on the issue of schooling. We will be setting out detailed guidance on that shortly. Regarding pay for key workers, we are incredibly proud of our social care workers and are determined to do everything we can to show them that they are valued. The national minimum wage and living wage apply across social care, and we expect local authorities to work with providers to determine a fair rate of pay.
The healthcare situation regarding non-coronavirus patients has been raised. Thanks to the efforts of NHS staff and the success of social distancing, the NHS has not been overwhelmed. We have been able to start the reopening of several important NHS services, for example fertility services. I would like to take this opportunity to encourage anyone who needs urgent care to seek help as they normally would do. If you experience chest pain, feel a lump or have any health worry whatever, please come forward and seek help.
Members paid tribute to the NHS workers who lost their lives. Nothing can replace the loss of a loved one, but we want to do everything we can to support families who are dealing with this grief. We have recognised the sacrifice that health and care workers are making by setting up a life assurance scheme for NHS and social care frontline colleagues who contract coronavirus during the course of their work.
Members rightly stressed the need to avoid a second peak of cases. The Prime Minister reiterated that we will not make major changes to the lockdown rules until we are confident that we can avoid a significant second peak of infections.
Members raised the issue of support for the charity sector. Last month, the Chancellor announced that charities would receive a £750 million package of additional Government support.
Every single Government Department is engaged in tackling coronavirus. As the Minister with responsibility for mental health, I would like to take this opportunity to thank all mental health trusts. The Government recognised the mental health impact of covid-19 very early in the pandemic and the support has been there for those affected, including the rapid establishment of 24-hour open access telephone lines for those in need of urgent support, and, in addition to that, a confidential helpline to support the health and wellbeing of frontline workers who have also been affected. The NHS is there for everyone and continues to provide the very best care for all.
This has been an important debate that starkly confirms the impact of coronavirus on all our lives. I am grateful for all the points raised today. I can assure the House that the Government are committed to defeating this invisible killer once and for all.
Before I put the Question, I remind hon. Members that the Question is to be decided by a remote Division in accordance with my provisional determination announced earlier. There is therefore no need for me to collect the voices or for Members present in the Chamber to shout Aye or No. The Clerk will initiate the Division on the MemberHub and Members will be invited to record their votes using the remote voting system. Hon. Members will have 15 minutes to record their votes.
Question put.
The House proceeded to a remote Division.
(4 years, 9 months 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
I will set out the situation concerning East Kent Hospitals University NHS Foundation Trust in line with the written statement laid in Parliament this morning. In fact, I took steps to inform Parliament of this matter before the UQ was requested, and I hope that reflects the importance I place on this issue. Before I begin, I would like to express my deepest and most heartfelt sympathies for the patients and families who have been affected.
I made a statement on 28 January on concerns about maternity services in East Kent Hospitals University NHS Foundation Trust, and I would now like to update the House based on the reports from the independent Healthcare Safety Investigation Branch and the Care Quality Commission. I requested that both HSIB and the CQC report back to me within 14 days when I instructed them to go into East Kent trust two weeks ago, and they reported to me on Monday.
HSIB has already conducted a number of maternity investigations at the trust as part of its national maternity investigation programme. These identified a number of safety concerns, including the availability of skilled staff—particularly out of hours—access to neonatal resuscitation equipment and the speed with which patients’ concerns are escalated up to senior clinicians and obstetricians, along with failings in leadership and governance.
As requested, the CQC carried out an unannounced inspection of the trust’s maternity services between 22 January and 5 February. It has written to the trust with an oversight of its findings, and the full inspection report will be published in due course. The CQC received additional information from the trust this week, following its request for further assurances on triage, day care and medical staffing. The CQC is considering this information. It is important that everyone is aware that the CQC is in regular contact with the trust and will continue to be so for the foreseeable future.
From the findings provided to me by HSIB and the CQC, it is clear that the challenges at East Kent point to a range of issues, including having the right staff with the right skills in the right place, effective multidisciplinary working, clear collaborative working between midwives and doctors, good communication and effective leadership support, but it would be wrong to speculate that there is indeed one single cause.
NHS England and NHS Improvement are working closely with the trust and have taken some immediate actions. First, the regional director and regional chief nurse are providing support to the trust, and the medical director will address concerns surrounding appropriate senior medical oversight. Secondly, the regional chief nurse is providing support to the director of nursing and head of midwifery, to prioritise and focus their local maternity improvement plans and address identified safety concerns. They will also review the effectiveness of clinical governance and executive leadership support. That will include ensuring that the trust learns from all historical cases, and disseminates that learning throughout the trust.
The Chief Midwifery Officer, Jacqueline Dunkley-Bent, has sent an independent clinical support team to the trust to provide assurances that all possible measures are being taken. That expert team includes a director of midwifery services from an outstanding trust, two consultant obstetricians, and a consultant paediatrician and neonatologist. She has placed the very best at the heart of the trust, on the wards, and at the bedsides of patients, with fresh eyes to oversee the care currently being delivered. The independent team is working with trust staff to deliver immediate improvements to care, and to put in place robust and comprehensive processes to support improvements in standards over the long term. Jacqueline Dunkley-Bent has personally visited the trust to assess the changes being put in place, and to ensure that improvements are moving at pace.
Jenny Hughes, chief midwife for the south-east region, is working with the trust directly, and regional and national teams from NHS England and NHS Improvement will continue to work with the trust. The trust is taking the issue seriously and is working closely with NHS England and NHS Improvement. It has created and filled several specialist midwife posts. Safety huddles, where safety issues are regularly and frequently discussed, have been embedded on both sites to anticipate problems before they occur, and multidisciplinary teams are working collaboratively.
Order. The Minister is supposed to speak for three minutes, but we are now at five minutes plus. I realise that she has been given a lot of notes, and I think officials ought to take on board the time. I am not looking to you, but I am looking to others to help in the future. I am sure we will be coming to the end of the remarks, as there are lots of questions.
Thank you, Mr Speaker. I think in defence of my officials, because this is such a sensitive issue—
Order. I am not getting into a debate about this. I do not make the rules of the House. The House makes the rules, and it has decided that responses should be for three minutes, not me.
I will go straight to my closing statement, Mr Speaker. I reiterate my condolences, particular to the family of Harry Richford and all those affected. I also thank my right hon. Friend the Member for North Thanet (Sir Roger Gale) for raising this important issue. The Government are fully committed to reducing patient harm and improving the safety of maternity services.
(7 years, 9 months ago)
Commons ChamberI take the point that the hon. Member for Wakefield (Mary Creagh) is making, and I believe she is indicating that she joined us in the Lobby to vote against the programme motion. I agreed with the point made by my friend from the Procedure Committee. We are all in favour of reform of this House. As it is, we will use the procedures of the House to hold the Government to account.
Amendment 74 calls for the Secretary of State for Business, Energy and Industrial Strategy to publish an impact assessment on his Department’s responsibilities. The vote to leave the European Union has plunged our business and energy sector into further uncertainty.
On a point of order, Mr Hoyle. The Scottish National party has now been here for almost two years. That is sufficient time to have learned some of the manners and the protocol of the Chamber, which includes referring to Members by their—
Order. As a member of the Panel of Chairs, you know that you are not making a point of order.
(8 years, 9 months ago)
Commons ChamberI rise—finally—to express disappointment—huge disappointment. This has not been a good debate so far, and I imagine that many of the WASPI women who have been watching it on television may have switched off long ago, because the party political point-scoring on all sides has been pretty embarrassing.
Real women are affected by this, and have real issues. It is a fact that in 1995, following the first legislative change, the Labour party had 13 years during which it did not act: it did not inform women. It is also a fact that my own party has failed women in terms of communication. As for the Scottish National party, it was not even here. So yes, there have been failures on both sides of the House. I stand here as a WASPI woman, and I have received no communication whatsoever. It is not true to say that women have been informed. It is also not true to say that there has been a wide campaign of advertisements and information on this subject. The campaign of advertisements and information was about general pension changes; it did not specifically target the group of women who have been so badly affected.
What I want to talk about—during the very few minutes that I have left, after all the party political point-scoring—are the issues that are really affecting those women. I am going to use some words that will probably make the men cringe. Many people will think that I should not talk about such matters in the House. The fact is, however, that many women, when they reach a certain age, have health issues that men do not have to deal with. None of that is taken into consideration. If I had been here when the equalisation of the pension age was about to be introduced, I would not have supported it, because women have to deal with issues later in life that men simply do not have to deal with. Women are carers, and women in their fifties and sixties are more likely to be carers than women of any other age. It is a fact that 47.7% of breast cancer diagnoses are given to women in their fifties and sixties. Those are the real issues faced by the women out there who are affected by this legislation.
What do we say to the woman who has had breast cancer, has had 10 courses of chemotherapy and radiotherapy, and who has now been told that she cannot retire when she thought she was going to, but has to go back to work when she is half the weight she has been at any time in her life, and is sick, and is facing worse diagnoses in the future? What do we say to women who have lost their insurance and have been blitzed with one issue after another because of their illness? There are women like that in my constituency. There is a woman in my constituency who was told by the Department for Work and Pensions that she should have been sent a letter, that in fact she had been sent a letter, and that she was telling lies. She now lives in the house that she was born in.
These women are facing dreadful problems. They are spending hours on the telephone, trying to find out from the DWP how they are affected and what is going to happen to them. Those are the complaints that women are making. It is not about who should have done what and when, it is not about which party is to blame, it is not about who is at fault; it is about the problems that these women are facing. This is what they want, and this is what I would ask of the Minister if he had the grace to listen to my speech, as I listened to his, rather than talking to his neighbour on the Front Bench. What I would like the Minister to do, on behalf of those women, is to stand at the Dispatch Box today and make a commitment that, at the very least—
First, may I say what a pleasure it is to follow so shortly after my hon. Friend the Member for Witham (Priti Patel)? It is a delight to be speaking in the same debate in which she made her maiden speech. I am sure some of us can remember how terrifying that is, and my hon. Friend did amazingly well.
I want to use this opportunity to highlight the unusual case of an institution that fails people who look to it for protection and help when situations go wrong. I shall mention the names of a number of people and organisations, but there is no court case pending so that is not sub judice.
Many people work hard all their lives, and save hard. Some people may run corner shops or work as self-employed plumbers and save a deal of money, and a time comes in their life when they realise that they want to use that money for their pension or to help them through their later years, so they look to make investments with that money. Some people will use organisations such as investment banks and stockbroker firms, and I want to talk about a particular stockbroking firm with which, in 2007, a number of people decided to invest their life savings. This story is also about the Financial Services Authority. The company took these people’s life savings—a number of people’s livelihoods were also involved—and within weeks it had all gone.
A trader by the name of Stuart Waldron handled the accounts of these people. He asked all of them to set up a separate e-mail account that he could use for trades only. He then rang particular people and said that the e-mail account was not working and asked for their password. The investors thought that there was nothing unusual in that, because the account was just for trading, so they gave the trader their password. He then proceeded to send messages to and from himself giving instructions on buys and sells. When that became apparent, the FSA became involved and I sent a number of documents to the authority. That was a considerable time ago and I have not yet had a response from it. I e-mailed the relevant inspector at the FSA, Margaret Cole, three weeks ago because I knew I was going to speak about this matter today, but I have not had a reply.
The stockbroking firm is called WorldSpreads, and it operates outside the City of London—surprise, surprise. Therefore, it does not come under the jurisdiction of the City of London police. It appears that the people who run WorldSpreads used to run a stockbroking firm called Square Mile Securities, which was inspected and closed down, although because of its financial situation at the time, it paid a reduced penalty. Those people from SMS who were closed down and had to pay that fine then went on to set up WorldSpreads. The inspector who closed down SMS was Margaret Cole.
WorldSpreads held up its hands and said Stuart Waldron was a rogue trader. My investors decided not to believe that and chose instead to take the case further. They had a meeting with the directors of WorldSpreads, which was recorded. On the recording it is made very clear that Stuart Waldron was not a rogue trader but that the operation was planned—indeed, it was a procedure that the company appeared to carry out regularly.
One key point is that the FSA has so far failed to represent the individuals who have lost their life savings, but there is also a bigger point. I am aware of this group of individuals—I know what has happened to them in their particular case—but how many more stockbroking firms are operating in such a way? How many more individuals are the FSA failing to protect? How many people are walking into a stockbroking firm with their life savings—even as I am giving this speech today—trusting that firm and hoping that there is a procedure behind them and an organisation such as the FSA that will regulate and monitor events and protect them should something go wrong and their life savings are taken away?
I am not being naive in making this speech, and I am aware that financial journalists might want to pick up on this story. If they do so, we would love to know whether Stuart Waldron, who disappeared overnight, is still trading somewhere in the City of London. We have a barrister’s statement of case that analysed the whole situation. Unfortunately the case cannot be taken on any further because there is no money left to do so; the people involved cannot fight their corner. If any financial journalist would like a copy of the barrister’s statement of case they would be very welcome to it.
It is amazing that an organisation such as the FSA, which is supposed to protect the interests of ordinary hard-working people, should have let people down so spectacularly. It will not be the stockbrokers, the City bankers or the huge institutions that bring about the upturn in this country; it will be the hard-working individuals who set up their own businesses, go to work every day, save as hard as they can and hope that, with those savings, they can look after themselves and their families and see the rewards of their labour. It is an absolute disgrace when organisations such as WorldSpreads try to blame their own misdemeanours, corrupt dealings and failings on one individual, Stuart Waldron, who disappears overnight—paid, we believe.
I hope that while I am giving this speech there is not someone sat in the WorldSpreads offices handing over their life savings, because we will know what will happen to them. We know the pattern: over a number of weeks, those savings will dwindle and suddenly, a situation will occur—perhaps like that involving BP—and the explanation given will be, “We are so sorry your savings have disappeared, but the markets were badly affected by the current situation”. That provides the smokescreen for such activities. We know the corrupt e-mails that such organisations send. They depend on the naivety and inexperience of those who do not have the educational background in, or experience of, the financial markets.
I am sorry to have taken the House’s time up with this case. I hope that, as a result of highlighting it today, some steps might be taken towards providing justice and to returning some of those people’s money to them.
I call Graham Jones. I remind the House that this is a maiden speech.