(9 years, 6 months ago)
Commons ChamberMy hon. Friend asks a very good question. We had to make a difficult decision about whether to continue to fund particularly heavy programmes more generously, which meant making savings elsewhere. The cut in the funding rate for 18-year-olds was the saving on which we decided. I accept her argument that there are some individuals for whom that third year is vital. All of those things will be considered in the spending review, but for this financial year, the funding rates will be as announced.
T10. On 5 June, the Chancellor, rather unusually, announced amendments to the budget for further education. I do not think that we have yet had full details of how that will affect those 14 to 18-year-olds in further education. Perhaps the Minister could update the House on that matter.
If I am right in understanding that the right hon. Lady wants to know whether the 16-to-19 funding rate will remain as was announced in March, I believe that I gave an answer in a reply to an earlier question. I am happy to restate that the funding rate for 16 to 19-year-olds for the 2015-16 academic year will remain as announced in March.
(9 years, 8 months ago)
Commons ChamberT7. In the time that he has been in government, East Berkshire college has lost 40% of its Government funding, and the courses that have been hit, while apprenticeships have been protected, are technician-level courses, so we will not have the nursery nurses, the lab technicians or the IT technicians that business and industry desperately need. What is he going to do about it?
What we are doing is investing more in apprenticeships than any previous Government, and apprenticeships create lab technicians and nursery nurses—[Interruption.] They do. They are very successful, and they are much more valuable than full-time college courses. An apprenticeship for a nursery nurse or a lab technician is a much better way to go for a young person than any other.
(10 years, 5 months ago)
Commons ChamberI am grateful for that intervention because I entirely share the hon. Gentleman’s outrage at the suggestion that these practices are taking place. As the hon. Member for Wolverhampton North East (Emma Reynolds) said, there are already powers to deal with that, but it is important that they are used and enforced, and I hope very much that local authorities and police forces around the country will look closely at any evidence presented to them by “Panorama” or anyone else.
The question from my hon. Friend the Member for Islington North (Jeremy Corbyn) was not just about race discrimination, but about discrimination against tenants who depend on benefits to pay their rents. Is there any remedy for that?
The hon. Lady will understand that obviously private owners of properties have some rights to decide who they let their property to, but I feel that it would be very strongly in the interests of all private landlords to work closely with people who are in receipt of local housing allowance and ensure that they too can access properties in the private market.
We will do nothing to undermine confidence in the long-term prospects of the rental market and drive away the institutional investors we need to expand the number of rental properties and improve their quality, but that would be the precise effect of the rent controls that the Leader of the Opposition proposes.
I hope hon. Members will forgive a brief foray into basic micro-economics, but I do think it is important in this debate. Owners of properties have a choice: they can either sell them and invest the money elsewhere, or rent them out. The more institutions we can persuade to invest in owning and renting property, the more options will be available to would-be tenants and the more likely it is that those who want longer tenancies with predictable rent reviews will be able to find landlords who are willing to offer them.
If, however, investors in rental property think that their costs may increase while their rents are capped, they will do one of two things: they will either insist on a much higher rent up front, increasing the costs tenants face, or they will decide to sell the property into today’s buoyant housing market and invest the money elsewhere. The hon. Member for Wolverhampton North East is a highly intelligent woman and a much better economist than I am. She knows that this is the reality of the rental market, so why has she come to the House today with such an obviously idiotic policy? There are reasons.