(10 months, 2 weeks ago)
Commons ChamberI thank the hon. Lady for her question. She is right that we need to make the compensation schemes and the overturning of convictions swifter and more straightforward, and she is right to point to the fact that some people are reluctant to come forward in the first place. We are keen to deliver a solution that does not require sub-postmasters to come forward in order for us to overturn a conviction, as has been called for by Members of this House. We have been looking at that and we are working on it right now.
I represent a rural constituency and the Government provide significant financial support of £50 million a year for rural post offices. We are determined to restore the reputation of post offices through this work and make them more financially stable generally, by increasing the remuneration opportunities for postmasters. We think that is the route that will ensure people will come forward and run post offices in rural locations, which is as important to me as it is to the hon. Lady.
I apologise because this will obviously be repetitive, but the actions and governance of the Post Office have been incomprehensible. Many people will only have realised what has happened because they saw the ITV programme—I encourage them all to come to me or to any other MP if they do not know where to go to. I first engaged with this situation as a member of the Business, Energy and Industrial Strategy Committee along with colleagues in March 2020, and it shocked me then as it does now. For me, the most shocking aspect, as has been repeated across the House, was the number of people who were told they were the only one. The obvious cover-up from people within the Post Office delivering those statements is wrong, shocking and outrageous. Can I encourage the Minister to do everything he can to ensure that those people feel the full force of the law so that the sub-postmasters, who are the real victims, feel like they have got some justice at the end of this outrageous situation?
I thank my hon. Friend for his question. I reassure him that repetition is no barrier to contribution in this place, as he will recognise. I also thank him for his work on the Select Committee, which is hugely important. We heard the words “You’re the only one” time and again in those dramatisations. It was horrific. It was a blatant lie, and somebody must have known that it was a blatant lie. Those lies led to some people going to jail and others suffering other forms of financial detriment, and detriment to their health and that of their families. Should prosecutions flow from that wherever possible? I would say yes.
(1 year, 4 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.
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I agree, and we are determined to play our part in that of course. I was very grateful for the report and I have read the recommendations. Clearly, there is a lot of detail in the report that I want to study and consider fully, but I thought it was very helpful. I did not see anything in the recommendations I immediately objected to. As I say, I want to make a good study of those things, but a number of different processes have to take place. We have to give due process the time to do its work in making sure that we establish exactly what has gone on, so that we can put those matters right.
I, like many others, have sub-postmasters who have suffered in this space. I would just like to thank Members across the House, most notably the Minister, his predecessor, my hon. Friend the Member for Sutton and Cheam (Paul Scully), the hon. Member for Bristol North West (Darren Jones)—I was on the Select Committee when we were particularly looking at this issue, and thank him for his time on that—and obviously the right hon. Member for North Durham (Mr Jones) for his energy there. Could I just reiterate what so many have said and ask the Minister to accelerate, with all energy, the payments to the victims, and will he please follow through on the consequences for the Post Office leadership and its IT consultants?
I thank my hon. Friend for the points in his question, and we absolutely agree that we need to accelerate compensation payments. As I say, we have made significant progress on the HSS scheme. For the two other schemes—the GLO scheme and the overturned convictions scheme—we need to get those payments resolved as quickly as possible. There have been around £40 million of interim payments through those schemes, but the full and fair compensation—the final compensation—is where we need to get to. On holding people to account, he will have heard what I said earlier and I absolutely agree with him on that point.
(4 years, 2 months ago)
Commons ChamberMy hon. Friend is putting forward a good case for credit unions. Is he aware that credit unions in the UK have collective assets of around £4 billion, compared with mutual banks and co-operatives in the United States that have £4.7 trillion—a thousand times as much? We need to invest more in credit unions and co-operatives and make it easier for them to establish and grow in the UK. Does my hon. Friend agree with that sentiment?
I absolutely agree, and it is important to create an environment in which that can grow and that that extension is done in a way that retains the safety and confidence of the investors.
The Economic Secretary to the Treasury concluded his speech by saying:
“This might include helping people who aren’t insured secure the protection they need. Or it could involve helping people buy goods on hire purchase at more affordable rates.”
I understand that environmentally sustainable investments are defined by their support for the creation of an innovative, productive and low-carbon economy, and the maintenance and enhancement of a biodiverse natural environment with healthy functioning ecosystems and ecological resilience. As with any innovation, these can be more risky investments. I believe they can also include what are referred to as “impact investments”, where the primary purpose is the impact as opposed to the return, or even the security of the capital. For investors, credit unions, and many other small investors, capital is not something they want to be placed at risk.