63 Peter Aldous debates involving HM Treasury

Levelling-up Agenda

Peter Aldous Excerpts
Wednesday 15th September 2021

(2 years, 8 months ago)

Westminster Hall
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Peter Aldous Portrait Peter Aldous (Waveney) (Con)
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It is a pleasure to serve under your chairmanship, Mr Robertson. I congratulate the hon. Member for Barnsley Central (Dan Jarvis) on securing this debate, and I welcome the Minister to her place. I draw attention to the fact that I am on the Lowestoft place board, and Lowestoft has secured a towns deal.

Levelling up is vital. It is about giving hope to local communities that have been ignored for too long. It is about tackling deep pockets of deprivation and giving people the opportunity to realise their full potential. I shall briefly outline three issues of concern. The first is the importance of investing in people. Infrastructure is incredibly important, but there needs to be a focus on investing in skills and employment support to help people proceed from low-skilled, low-wage jobs and to climb the ladder to rewarding and better-paid jobs. It is necessary to invest in accessible childcare to allow people to better access and then stay in the labour market.

Secondly, although I support the freeports initiative, I urge the Government to stick with and improve enterprise zones. Like other enterprise zones all around the country, the Lowestoft and Great Yarmouth enterprise zone, set up in 2012, has been incredibly successful. By reallocating the existing footprint of the enterprise zone around Lowestoft port, over 300 new jobs can be created, 40 new businesses can be supported, and between £1 million and £3 million of retained rates can be generated.

Finally, I remain incredibly concerned about the methodology for prioritising investment for the levelling-up and community renewal funds, which I fear is flawed. Lowestoft has deep pockets of deprivation very similar to neighbouring Great Yarmouth, but, unlike the latter, it is not a priority place. I do not begrudge Great Yarmouth, but the methodology for assessing need on a district-wide basis fails to properly identify where additional support is needed.

I discussed the issue earlier this week with the Arts Council, East Suffolk Council and Suffolk County Council. The flaw could be addressed if the Ministry of Housing, Communities and Local Government and the Department for Digital, Culture, Media and Sport approve the provision of Active Lives data on a far more local and pinpointed basis. I also urge the Minister to look closely at the methodology proposed by the Salvation Army, which is detailed in its report on the levelling-up agenda and highlights how the current approach fails to properly take into account the considerable challenges that coastal communities, such as Waveney and Lowestoft, face.

In conclusion, the Government have been very successful in identifying the importance of levelling up, which has struck a chord with the public. However, to ensure that we deliver on that commitment and that the public are not left disillusioned, a more refined, joined-up and people-focused approach is required. That is needed if the strategy is to work, with all communities around the UK being given the opportunity to truly catch up and claim their fair share of the proceeds of growth.

Levelling-up Agenda

Peter Aldous Excerpts
Tuesday 15th June 2021

(2 years, 11 months ago)

Westminster Hall
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Peter Aldous Portrait Peter Aldous (Waveney) (Con)
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It is a pleasure to serve with you in the Chair, Sir Edward. I congratulate my hon. Friend the Member for Isle of Wight (Bob Seely) on securing this debate. Levelling up, as it has become known, is the biggest challenge that this country currently faces. It is about giving hope to communities that have been ignored for too long, tackling deep pockets of deprivation, giving people the opportunity to realise their full potential and bridging the stubbornly wide productivity gap that has held back the UK economy for far too long.

Levelling up must not be piecemeal, fragmented and short-term interventions. Instead, it must be a set of coherent, sustained and properly funded policy initiatives fully co-ordinated across Government.

One of the pockets of deprivation is in Lowestoft, but I welcome the investment that the Government and councils are making in the Gull Wing bridge, the flood defence scheme and the towns deal, which equates to almost £220 million of public sector funding in the heart of Lowestoft over the next five years. Our tasks locally are to ensure that those schemes are built on time and unleash a tide of private sector job-creating investment.

I also welcome the proposed freeport at Felixstowe, 50 miles down off the Suffolk coast. However, I emphasise the importance of not jumping from one intervention to the next, but instead continuing to see through proven strategies that are already up and running. The Lowestoft and Great Yarmouth enterprise zone, set up in 2012, like other enterprise zones around the country, has been very successful. It has an energy focus that is aligned with the Government’s clean growth strategy. By reallocating the existing footprint of the enterprise zone around Lowestoft port, more than 300 jobs can be created, 40 new businesses can be supported, and between £1 million and £3 million of retained rates can be generated.

Sir Edward, it is great to be here with you and other colleagues, but when it comes to levelling up, today we are a sideshow. The important business is taking place in the other place with the Second Reading of the Skills and Post-16 Education Bill. Putting skills and lifelong learning at the heart of the Government’s policy agenda is absolutely critical, and we must ensure that the ambitions of the reforms are fully realised. Linked to the Bill are local skills improvement plan trailblazers, and the chambers of commerce and colleges across Suffolk and Norfolk have come together and submitted a compelling application. The bid has a focus on the net zero agenda and rebuilding coastal communities. It highlights the workforce requirements across the region in offshore wind, in Sizewell C, in the emerging hydrogen economy and in the freeport.

I urge the Government to give this compelling proposal favourable consideration. We need to step up to the plate, so that local people have the skills needed to take up these exciting opportunities.

Finance (No. 2) Bill

Peter Aldous Excerpts
2nd reading
Tuesday 13th April 2021

(3 years, 1 month ago)

Commons Chamber
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Peter Aldous Portrait Peter Aldous (Waveney) (Con) [V]
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It is a pleasure to follow the hon. Member for Bootle (Peter Dowd).

In considering the provisions in the Budget presented by my right hon. Friend the Chancellor of the Exchequer on 3 March and the ensuing Finance Bill, it must be borne in mind that they are being delivered against a backdrop of wholly unprecedented economic circumstances. The global economy has suffered a shock that has not been seen for almost 100 years. Set in that context, my right hon. Friend has generally struck the right balance in supporting people and businesses through the crisis, beginning the task of fixing the public finances and laying the foundation for an investment-led green recovery.

There are some very welcome initiatives: the extension of furlough to the end of September; two further grants for the self-employed, with an additional 600,000 people eligible; the restart grants; extending the VAT cut to 5% for a further six months, before tapering for another six; the extension of the business rates holiday for three months, before tapering for nine; the increase in corporation tax, but with a small profits rate retained at the existing level; the super deduction on capital investment; and the steps to promote pension fund investment in infrastructure.

From a Suffolk and Waveney perspective, the headlines in the Budget and the Bill are the Felixstowe freeport and the Lowestoft towns fund deal. These can be a catalyst for private sector investment. For the latter, where I sit on the place board, it is estimated that the £24.9 million of public funding will leverage in £350 million-worth of private sector investment. Previously, I was doubtful about freeports, concerned that they move business around, displacing projects rather than attracting additional investment. However, taking into account the unprecedented challenges of covid and the opportunities of Brexit, it is necessary to pursue policies that can help to attract footloose global investment, although, as we heard, the provisions of the policy will need to be looked at very closely.

A concern I do have is that the focus on freeports could lead to the abandoning of enterprise zones, introduced very successfully by my right hon. Friend the Member for Tunbridge Wells (Greg Clark) in 2012. The Lowestoft and Great Yarmouth enterprise zone has worked very well. Its provisions need some changes, so that it is properly aligned with the exciting opportunities emerging in the maritime and port sectors. It is important that that and other enterprise zones continue.

The Finance Bill paves the way for the levelling-up fund and the UK community renewal fund. There are elements in the small print that cause me concern. With the former, the Lowestoft and Waveney area, where there are significant areas of poverty, is in the priority 2 category, while with the latter there are no priority places in Suffolk, yet there are in the surrounding very similar counties of Norfolk, Essex and Cambridgeshire. This appears illogical and not properly thought through. I am writing to the Secretary of State for Housing, Communities and Local Government seeking clarification of the selection criteria.

Covid has hit hard the poorest in society. It was thus right that a year ago the Government moved quickly to introduce the £20 uplift to universal credit and to provide unprecedented levels of funding to local government for welfare support. I welcome the extension of the universal credit uplift to the end of September and the one-off payment of £500 to those receiving working tax credit. However, I am concerned that the impact of covid on the most disadvantaged will extend beyond the end of the summer and could well be heightened at the time that furloughing is scheduled to end.

The Government have put in place some very good initiatives, such as the kickstart scheme, the restart scheme and the lifetime skills guarantee, but there needs to be a strategic approach to providing people with a pathway out of poverty and there is a worry that some important stepping stones are missing. I urge my right hon. Friend the Chief Secretary to the Treasury to work closely with his Cabinet colleague and my constituency neighbour, the Secretary of State for Work and Pensions, my right hon. Friend the Member for Suffolk Coastal (Dr Coffey), to ensure that we have a welfare support system that is fit for the task ahead. This should incorporate proper long-term funding for local welfare assistance and synchronisation with the implementation of the national food strategy, and it should ensure that those on legacy benefits are not left behind.

In conclusion, the Bill provides the framework for meeting the biggest economic challenge in our lifetime, but there is a need to look more closely at some of the detail, whether the criteria for bidding to economic regeneration funds or the need for a strategic approach to welfare support. I hope that the Government will do that in the weeks ahead.

UK-EU Future Relationship Negotiations and Transition Period

Peter Aldous Excerpts
Monday 7th December 2020

(3 years, 5 months ago)

Commons Chamber
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Penny Mordaunt Portrait Penny Mordaunt
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I agree entirely with my hon. Friend. I thank him for his support and I thank all Members in this House who are getting behind the negotiating team and sending that clear message to the EU negotiating team this afternoon. There is huge support not only on these Benches but in our constituencies. Whichever way people voted in the referendum, they know that this is the way forward. They want to get these final issues resolved swiftly so that we can all get on with it in the new year.

Peter Aldous Portrait Peter Aldous (Waveney) (Con)
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The REAF—Renaissance of East Anglia Fisheries—project sets out an exciting vision for the renaissance of the East Anglian fishing industry. Two preconditions for achieving this are the certainty that significantly more fish will be available to land in ports such as Lowestoft and that there is a framework for promoting investment in ports and the processing sector. Will my right hon. Friend confirm that these two requirements are not being compromised in the negotiations that are taking place?

Penny Mordaunt Portrait Penny Mordaunt
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I can give my hon. Friend those assurances. Clearly, fish is one of the sticking points. The negotiating team are obviously working very hard, but it is a sticking point because we will not compromise on these issues. I have to say, in a former life I was coastal communities Minister and, having visited his constituency and discussed the potential that is there for the renaissance of that industry, I think that is a prize worth holding out for.

The Economy

Peter Aldous Excerpts
Thursday 24th September 2020

(3 years, 7 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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Our response will continue to evolve as the circumstances demand. With respect to aviation, I have every sympathy for companies and employees in that sector; obviously, they have been very hard hit. The measures that we have put in place have made a significant difference to businesses in that sector. Indeed, I think that one of the ones the hon. Lady mentioned is among the many that have accessed some of our much larger loan schemes to provide vital liquidity at a very difficult time, and I know that many businesses in the aerospace supply chain will particularly welcome the part-time working job support scheme we have announced today, as it will be particularly well suited to their manufacturing businesses.

Peter Aldous Portrait Peter Aldous (Waveney) (Con)
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I welcome the Chancellor’s statement. His stamp duty holiday, which is due to expire on 31 March, has been extremely successful in stimulating an important part of the UK economy. What plans does he have for further housing initiatives, which will not only generate business activity but, if properly focused, also alleviate poverty and promote social mobility?

Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is absolutely right to say that the stamp duty cut is driving activity in the housing market, which is helping to protect jobs in that sector. I would point him to our green homes grant, which the Department for Business, Energy and Industrial Strategy is going to roll out shortly and which will provide households with a grant of up to £5,000 to subsidise initiatives to improve the insulation and energy efficiency of their homes. There will be larger grants available for those households most in need, as determined by their local authorities, helping them not only to save on carbon emissions but to save up to £300 a year on their energy bills.

Coronavirus: Employment Support

Peter Aldous Excerpts
Thursday 19th March 2020

(4 years, 1 month ago)

Commons Chamber
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John Glen Portrait John Glen
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Every day, Ministers across all Departments are working on different aspects of the package. Yesterday my right hon. Friend the Housing, Communities and Local Government Secretary brought forward some measures for renters. We also have the three-month relief for mortgage holders where they need it, and for buy-to-let mortgage holders. There is more work being done urgently to give clarity on the elements that Members of the House are raising, but, as I said earlier, it is a question of making sure that when these measures are announced, they are going to be effective and can be delivered efficiently.

Peter Aldous Portrait Peter Aldous (Waveney) (Con)
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The feedback I am receiving is that many businesses will have difficulty in accessing Government loans because of restrictions they have in granting additional security to a new lender. With that in mind, may I urge the Government to support payroll costs far more directly, as other European Governments are doing? This is the way to avoid large-scale redundancies.

John Glen Portrait John Glen
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My hon. Friend refers to the loans. I was meeting the banks last night to make sure that these loans are accessible. The criteria for issuing them are based on the solvency of businesses prior to this crisis arising. It is absolutely clear that the banks see they have a massive responsibility to make this scheme work. That term sheet is being finalised; it may already have been finalised this morning. The banks are now working on making sure that that will be available through all their call centres and branches. He makes the suggestion of a supplementary measure, and we are looking at these things very carefully.

Economic Update

Peter Aldous Excerpts
Tuesday 17th March 2020

(4 years, 1 month ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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The Housing Secretary will urgently and soon bring forward measures to protect renters. The hon. Lady is right to highlight the importance of that, and that is why we will be acting in short order.

Peter Aldous Portrait Peter Aldous (Waveney) (Con)
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I commend the Chancellor for coming forward with such a comprehensive range of support. If he is to use the benefits system to support those ineligible for sick pay, I urge him to take on board the concerns raised by the right hon. Member for East Ham (Stephen Timms) about the fundamental flaw with universal credit. I also highlight the vital work that food banks, citizens advice and local churches will be doing in the coming weeks. He should ensure that they get the right support for that.

Rishi Sunak Portrait Rishi Sunak
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I wholeheartedly agree with my hon. Friend about the importance of our voluntary sector, particularly at this time, and the vital role that it will play. It is right that it gets our support. The Communities Secretary is actively engaging with it and I stand ready to do more as needed.

Motorhomes and Vehicle Excise Duty

Peter Aldous Excerpts
Tuesday 21st January 2020

(4 years, 3 months ago)

Westminster Hall
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Ruth Jones Portrait Ruth Jones
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Absolutely—I thank my hon. Friend for making another powerful point. Jobs in this industry are being lost. That is not right and we must do everything we can to protect those jobs.

Ministers repeatedly refer to the importance of incentivising drivers and vehicle owners to choose low-emission alternatives. However, if someone wants to buy a new motorhome, or if someone wants to manufacture one, there are no alternative engines. So, where is the incentive? There is not one, which is why it is so wrong that motorhome owners are being disadvantaged by having their vehicles taxed as if they were cars. Motorhomes are not cars.

It is important that we regulate emissions and do what we can to preserve our environment, and it is right that owners of new vehicles are encouraged to choose cleaner and more efficient engines. Indeed, the car and light commercial van industries have been consulted on the impact of the worldwide harmonised light vehicle test procedure and the implementation dates have been delayed. It is regrettable that the motorhome industry has had no such assistance from the Government.

We must also remember that, unlike cars and light commercial vehicles, motorhomes are the smallest group of vehicles, travelling just 3,000 miles per annum on average and contributing just 0.22% of all emissions. The Government should encourage people to stay here in the UK and holiday at home. I know from my many staycations in Wales that there are some wonderful beaches, and places for people to rest and enjoy themselves, so that they can spend their money within the UK.

Peter Aldous Portrait Peter Aldous (Waveney) (Con)
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The hon. Lady is making a very powerful speech. Does she agree that there are clear parallels between this tax and the aborted static caravan tax in 2012, with disproportionate impacts on those areas where these vehicles are manufactured and indeed on the holiday areas that she has just talked about?

Ruth Jones Portrait Ruth Jones
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Absolutely, and the hon. Gentleman makes that point very clearly. I will come on to the importance of staycations in this country now.

Oral Answers to Questions

Peter Aldous Excerpts
Tuesday 2nd July 2019

(4 years, 10 months ago)

Commons Chamber
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John Glen Portrait John Glen
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Absolutely. We are looking into that. The Payment Systems Regulator, which was set up four years ago, is responsible for overseeing LINK. It has two schemes in place to safeguard access to cash in the most impoverished communities and to ensure that, when an ATM is vulnerable to closure, there is a responsibility to keep it open if constituents would have to go more than 1 km to access cash.

Peter Aldous Portrait Peter Aldous (Waveney) (Con)
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21. The town of Bungay has been without a bank branch and a free-to-use 24/7 town centre ATM since last May. That is causing serious challenges for traders, the elderly and those managing on a tight budget. Will the Minister put in place a regulatory framework to reverse this regressive trend?

John Glen Portrait John Glen
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I acknowledge the difficult situation that my hon. Friend has in Bungay. The Government-established Payment Systems Regulator is closely monitoring developments in ATM provision and, as I said, there are mechanisms in place to intervene. I am very happy to meet him to discuss the application of those to the situation in Bungay.

Local Bank Closures

Peter Aldous Excerpts
Wednesday 12th June 2019

(4 years, 11 months ago)

Westminster Hall
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Peter Aldous Portrait Peter Aldous (Waveney) (Con)
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It is a pleasure to serve under your chairmanship, Ms Ryan, and I congratulate my hon. Friend the Member for Moray (Douglas Ross) on securing the debate. It provides me with an opportunity to review the position just over a year since the last bank branch closed in the market town of Bungay in my constituency, where there had been a bank branch since 1808 when Gurney’s, the predecessor of Barclays, opened one of its first branches.

Looking back over the past year, I shall highlight three issues. The first is the pace of change in the transition to what I would term an almost cashless society, which has been much quicker than anticipated. Very often when I am in a queue for a sandwich or a newspaper, I feel self-conscious as I get out my wallet. Invariably, particularly in London, I am the only person paying by cash, and I sense that eyes are gazing at me with a sense of bemusement. The transition is happening much quicker in metropolitan areas than in market towns and the countryside. The breakneck pace of change causes difficulties for the elderly, the disabled and, particularly, those on low incomes for whom cash provides the best means of managing a very tight budget.

Secondly, having ready access to cash is the main challenge that has arisen out of the Lloyds bank closure in Bungay last May. There are no longer 24/7 cashpoints available in the town centre. There is a cashpoint in the post office, but it is not accessible all the time, and when the extremely popular Sunday street fairs take place, there is a major drawback for traders without card machines.

It is also appropriate to highlight the emergence of a postcode lottery along the Suffolk-Norfolk border. In Bungay, there are no 24/7 cashpoints. Likewise, 9 miles away in Halesworth in the constituency of my hon. Friend the Member for Suffolk Coastal (Dr Coffey), there are no such facilities. However, if I go 8 miles west to Harleston, in the constituency of my hon. Friend the Member for South Norfolk (Mr Bacon), there are three such cashpoints within 100 metres of each other.

That revolution is happening when high streets and town centres are under pressure and face the challenge of reinventing themselves. For that to be done successfully, it is important that business should not unwittingly be diverted elsewhere. Bungay and towns like it serve a large rural hinterland, from where many residents, once a week, come into the town to shop, go to the bank and socialise over a coffee or a meal. Take away the bank and they might go to another market town instead. To adopt the practice of King Canute and try to stop the change would, I sense, be futile, but we can manage that change properly, so that the vulnerable are not compromised and towns such as Bungay can compete on a level playing field with their neighbours.