(11 years, 12 months ago)
Commons ChamberI am delighted to respond to this debate. It has been constructive and timely in a number of ways—from my personal point of view and in terms of the Government’s programme—and I would like to congratulate right hon. and hon. Members on what has been a genuinely positive and constructive debate. I want to respond to some of the positive ideas raised, because it is an important part of my learning curve and so that we can tackle a problem with which, as several Members have said, many Governments have been faced. The hyperbolic contributions from Opposition Members do not help us to find a meaningful and lasting solution. I have already outlined the steps that the Government have taken to address the previous Government’s failure to deliver sufficient housing supply. I want now to address some of the specific points that have been raised and that Members have asked me to touch on. After that, I shall conclude in the time left to me.
We began with the contribution from the hon. Member for Sheffield South East (Mr Betts), who, to be fair, accepted that the Labour Government failed in several areas. I accept the point about self-build, however, and want to consider it further, because it is an interesting idea. Several Select Committee members have recommended that I read their report. I do not know whether they are on a bonus or chasing a sales target, but I am more than happy to look at it, because it is an important issue.
I draw attention, in particular, to the contribution from my good friend, my hon. Friend the Member for Bromley and Chislehurst (Robert Neill). I would like to put on the record my personal tribute to him. The House knows that he was a hard-working Minister, experienced and courteous to the House—a lesson that I shall try to follow. He worked on Ebbsfleet, as did my right hon. Friend the Member for Welwyn Hatfield (Grant Shapps), where 23,000 houses went un-built in the 13 years of the last Labour Government. My hon. Friend ensured that those houses can now be built. He was right to say that Labour Front Benchers are unfortunately suffering from what one can only describe as collective amnesia. Now they talk highly about helping our councils, but they forget that they spent 13 years trammelling local councils and preventing them from doing what they want to do. We are changing that; that is what the Localism Act 2011 is all about.
I thought the hon. Member for Halifax (Mrs Riordan) was a little negative. She omitted to mention the contributions in transportation, infrastructure investment or the £770 million in the Growing Places fund—if I may, I shall come back briefly to discuss Halifax in a moment.
My hon. Friend the Member for Mid Dorset and North Poole (Annette Brooke) highlighted the fact that this is a long-term issue. She asked about the empty homes package, which is a package of £160 million. I am pleased to say that we are scrapping the old top-down pathfinder targets, which sought to demolish houses. We are looking to ensure that we refurbish them. I also very much welcome her comments about the new homes bonus.
A number of Members mentioned social housing issues. I will want to look at them, but to do so in the two minutes I have left would be to treat them inadequately, as they are deep and sustained issues.
Let me turn the underlying economic issue. My hon. Friend the Member for Meon Valley (George Hollingbery) hit the nail on the head. He was absolutely right to say that we have recognised that ensuring that we deal with the deficit is what keeps interest rates low. For many of our constituents—indeed, for millions of households—ensuring that interest rates remain lower for longer is vital to their being able to continue to afford their homes.
My hon. Friend the Member for Rugby (Mark Pawsey) talked about how the new Gateway site is a good example of a project that is progressing.
The right hon. Member for Greenwich and Woolwich (Mr Raynsford) is an experienced Member in this field. We disagree on a number of areas, and he will not be surprised to know that the new homes bonus is one of them. Indeed, he might like to know—he might also wish to debate this with the hon. Member for Halifax—that Calderdale council is receiving £1.7 million from that bonus for 550 new builds. I suspect that there may be an element of tension on the Labour Back Benches.
My hon. Friend the Member for Sherwood (Mr Spencer) talked about the important issue of ensuring that brownfield sites are developed, as did my hon. Friend the Member for Elmet and Rothwell (Alec Shelbrooke). Getting the balance right between greenfield and brownfield sites is difficult. Wearing my old surveyor’s hat, I want to look at the issue further. As a practitioner, I dealt with how we regenerate brownfield sites back in the 1980s and 1990s. I want to look at the issue, and I would ask my right hon. and hon. Friends to write to me about it.
Let me turn, finally, to a couple of the last points that were raised. My hon. Friend the Member for North Swindon (Justin Tomlinson) was absolutely right that we are determined to ensure that we get house building numbers right, and that we should develop and build on that and reverse the problems we faced under the last Labour Government. However, we should not ignore quality. That is an important point. Quality and design; places that people want to live in; the use of the vernacular—these are important as we think about how to ensure that we provide the appropriate homes.
To conclude, the Government are working hard to increase substantially the supply of housing from the low point of the last Labour Government. Our housing strategy combines practical measures with an understanding that Whitehall cannot and must not try to control the housing markets. Our work in helping first-time buyers, simplifying the planning system and unlocking stalled sites is all part of our commitment to enable more homes to be built. By tackling the deficit we have built the foundation for a sustainable economy. We are now focused on getting houses built.
claimed to move the closure (Standing Order No. 36).
Question put forthwith, That the Question be now put.
Question agreed to.
Question put accordingly (Standing Order No. 31(2)), That the original words stand part of the Question.
The House proceeded to a Division.
(12 years, 6 months ago)
Commons ChamberNo, I will not give way to the hon. Lady. We heard a diatribe of clichés from her, but we heard no policy, no original ideas and no original thoughts.
We are also making available an initial £1 billion through a business finance partnership that will allow small businesses to invest through non-bank channels. My hon. Friend the Member for Bedford was absolutely right to say that we should not just consider the bank channels, but should ensure that other players in the market can come forward. My hon. Friend the Member for Halesowen and Rowley Regis—who, unlike many Opposition Members, has actually run a business—was also right to draw attention to the importance of choice and competition. I agreed with the shadow Business Secretary when he said that we should think about the business model and the return of relationship management. I hope that we shall hear some positive contributions about that from Labour, and not just the usual flannel.
The Opposition motion refers to the need for a reform of banking, and to the need for more regulation and responsibility. The motion is right to refer to responsibility; it is just a shame that that was not one of Labour’s policies when it was in government. However, I suppose that it is nice to have a convert, even if the conversion is late in coming.
Yesterday the Chancellor introduced the Financial Services Bill, demonstrating that we would overhaul the regulatory environment that we had inherited. The Bill’s principles are important: responsibility, prudence—I think we may remember that word—and sustainability. That means addressing the old system of excessive and irresponsible levels of pay.
As we have heard this evening, under the new FSA remuneration code we have ensured that bonuses will be deferred by at least three years and linked to the performance of employees and companies. Through the disclosure regime, we are providing more transparency than we ever saw from the Labour party when it was in government. Bonus levels are already starting to fall. As we heard earlier, last year they stood at £6.7 billion, just half as much as when the shadow Chancellor was the City Minister in the last Government.
This evening’s debate has also dealt with the wider issue of executive remuneration. The Government strongly believe that successful people who work hard should be properly rewarded. It is vital that, in a debate about the excesses of a few, we do not give the impression that enterprise and endeavour are unwelcome in Britain; but, sadly, quite a few Opposition Members simply do not understand that. We need to make our message clear. The Government are determined to work with businesses to reform executive pay, and to do so in a way that strengthens business in Britain in the long term. As was alluded to but never actually examined by the hon. Member for—
claimed to move the closure (Standing Order No. 36).
Question put forthwith, That the Question be now put.
Question agreed to.
Main Question put accordingly.
Of course I saw the letter, because it was emailed to me. As I have made clear, it was apparent from the letter that this was a business man who had knowledge of Sheffield and the industry and was making various representations. My view was that that should go to the officials. It went to the officials and the answer that came back was “We have noted your letter, Mr Cook.” That was it. There has been no further—[Interruption.] The reply is included in the replies that I have given to the local Members. It is clear—[Interruption.] No, I am sorry, but that is wrong.
The other question that has been raised by several hon. Members is the issue of the dilution of equity. I set out the situation clearly in my remarks earlier. The Government’s decision had nothing to do with the shareholder structure. In my view, Dr Honeyman and his team deserve credit for putting this together—