Oral Answers to Questions

Nick Gibb Excerpts
Thursday 7th March 2013

(11 years, 9 months ago)

Commons Chamber
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Lord Benyon Portrait Richard Benyon
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That old chestnut must be laid to rest. In cash terms, we are spending roughly the same in this comprehensive spending review period as the hon. Gentleman’s party spent in the last one. His Chancellor, in his last Budget statement, announced 50% cuts in capital budgets for Departments such as mine. The hon. Gentleman cannot come here and try to compare apples with pears. Labour Members must move on from this, and understand that we are doing what we need to do in very difficult financial circumstances.

Nick Gibb Portrait Mr Nick Gibb (Bognor Regis and Littlehampton) (Con)
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In February, the Minister announced £10.8 million of capital to upgrade the tidal defences on the east bank of the River Arun in Littlehampton, in my constituency. That is a welcome decision, which demonstrates the Government’s commitment to building new flood defences, but it is not time for the insurance industry to match that commitment by agreeing to a replacement for the flood insurance statement of principles, which expires in June this year?

Lord Benyon Portrait Richard Benyon
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I congratulate my hon. Friend on the excellent work that he did in drawing attention to the needs of the people of Littlehampton following the floods that they suffered so recently. We are working at a very fast tempo at the highest levels of Government to try to achieve an agreement which will massively improve on the statement of principles, which first does not cover every home and secondly contains nothing about affordability. We want a better system for the future.