(2 months, 2 weeks ago)
Commons ChamberIt is a really good question, and I am happy to answer it. If the landlord pulls a property available to rent out of the market, it will go into the ownership sector and that property will not be available to rent.
We know that there is significant demand to rent, and I say to the Government that we want to increase the supply of properties available to rent. I therefore repeat the point that it is about risk and reward. The Government must make these judgments. I just say to the Minister that he should keep this closely under review. If the Government get the balance wrong, the market will reduce while demand will continue to rise, so rents will rise as the supply reduces. That is my concern. If the Bill passes—it is likely to—perhaps the Minister should review it in a year by looking at the data and seeing what is happening to rents, what is happening to supply and whether further tweaks and adjustments are needed.
(3 months, 2 weeks ago)
Commons ChamberI congratulate the hon. Member for Barrow and Furness (Michelle Scrogham) on that excellent speech. The vision of a landlord with a sword serving alcohol is an interesting one. I also congratulate the others who have made maiden speeches, and in particular the hon. Member for Northampton South (Mike Reader). Northampton South is where I grew up and first went to school, and I am still a passionate supporter of the Northampton Saints.
I have long been a critic of the excessive levels of overseas ownership of our key public utilities thanks to the failures of the previous Conservative regimes. Some 80% of our offshore wind industry is overseas-owned, so I have some sympathy, the House may be surprised to hear, with some of the aims and ambitions of GB Energy. Indeed, it may be that the Secretary of State was listening to me a couple of years ago when I talked about this issue.
In the spirit of being constructive and helpful to the Minister and the Secretary of State, I wish to put forward a couple of suggestions. My model of joint-venture partial public ownership of monopoly, critical public utilities is a 50:50 model. In opening the debate, the Secretary of State referred to the Danish company Ørsted, which is 50% owned by the state and 50% owned primarily by pension funds with private sector management. That is a win-win joint venture. I urge the Secretary of State and the Minister, when they make investments through GB Energy, to focus almost exclusively on 50:50 joint ventures in which the other 50% should be private sector investment, preferably from British pension funds on behalf of British pensioners. That way we will get the best of all worlds, with the quality of private sector management, because the truth is that Governments can be good at funding things but are generally very bad at managing things. I therefore urge the Secretary of State and the Minister, when they consider the investments to be made through GB Energy, to adopt the model of investing only up to 50% and always ensuring that there is private sector investment alongside.
Of course, the Secretary of State passionately believes that renewable energy will be cheaper, so he should have no problem at all with inserting into the conditions for investment a requirement for confirmation that within the business plan for investments there is a clear goal for the investment to result in cheaper energy for British consumers and taxpayers. I urge the Secretary of State and the Minister to adopt that 50% restriction and consider the need for private sector investment.
(4 months, 3 weeks ago)
Commons ChamberOn a point of order, Madam Deputy Speaker.
Does the point of order relate to the business being discussed right now?
Just for reference—I know that this can be tricky for new MPs—points of order must be relevant to the business under way, or be made during the transition between items of business. However, I know that that is not easy for new MPs, and I am grateful to the Member for giving notice of the point of order, so he may proceed.
Thank you, Madam Deputy Speaker. We are hearing a lot about transparency, accountability and scrutiny, but the business of the day, proposed by the Leader of the House, includes a plan to abolish the European Scrutiny Committee. When this country voted to leave the European Union, we voted to take back control. How can we scrutinise the Government’s activities and negotiations with the European Union if the Government abolish the European Scrutiny Committee? Surely that is completely in contrast to what the Government proposed in their manifesto, and to these discussions about scrutiny.
Once again, I am grateful to the Member for giving us notice of his point of order. It is for the Government to decide what motions should be tabled and whether there should be consultation. Any Select Committee can scrutinise matters within its remit, which may include matters relating to the European Union. The remit of the European Scrutiny Committee, as defined in Standing Order No. 143, is to examine European Union documents—broadly speaking, proposals for European Union legislation or policy. It is for the House, not for the Speaker, to decide whether the Committee still fulfils a useful function, now that the UK is no longer a member of the EU.
I call Martin Rhodes.
(4 months, 4 weeks ago)
Commons ChamberMy hon. Friend the Member for Ashfield (Lee Anderson) has just made a very good case, and has asked you a specific question: is it fair? From your lack of reply, I think it is implicit that you agree that it is not fair. You have it in your power to change that, as a matter of fairness and of listening to smaller parties. If you do not agree with that, I think constituents all over the country will find it absolutely astonishing.
Order. Will Members refrain from using the word “you”? You are speaking through the Chair.