UK Infrastructure Bank Bill [Lords]

Debate between Richard Foord and Nigel Evans

Report stage
Wednesday 1st February 2023 Commons Chamber

[Richard Foord (Tiverton and Honiton) (LD)]

I beg to move, That the clause be read a Second time.

[Mr Deputy Speaker (Mr Nigel Evans)]

With this it will be convenient to discuss the following:

New clause 2—Businesses and bodies the Bank invests in—

“(1) The Bank must publish an annual report setting out—

(a) the geographical spread of businesses and bodies it invests in, and

(b) the ownership of the businesses and bodies it invests in.

(2) The Bank must prepare and publish a ‘Good Jobs’ plan for all businesses and bodies it invests in, which requires the business or body to improve productivity, pay, jobs and living standards.”

This new clause would ensure that the Bank considers the location and ownership of the businesses and bodies it invests in and only invests in businesses and bodies who create “Good Jobs” plans to improve productivity, pay, jobs and living standards.

Amendment 5, in clause 2, page 1, line 14, at end insert—

“(i) to reduce economic inequalities within and between regions of the United Kingdom, and

(ii) to improve productivity, pay, jobs and living standards.

(c) to support supply chain resilience and the United Kingdom’s industrial strategy.”

This amendment would ensure that the Bank’s objective to support regional and local economic growth includes reducing economic inequalities within and between regions and improving productivity, pay, jobs, and living standards. It would also create a third objective for the Bank to support supply chain resilience and the UK’s industrial strategy.

Amendment 3, page 1, line 14, at end insert, “, and

(c) to improve water quality in the UK.”

This amendment would add improving water quality in the UK to the Bank’s objectives.

Amendment 4, page 1, line 22, at end insert—

“(4A) The Bank may only provide any of the support listed in subsection (4) to water companies if they have produced a costed, time limited plan demonstrating they are committed to preventing discharge.”

This amendment would require water companies to have a costed, time limited plan, demonstrating they are committed to preventing discharges before they can receive investment from the UKIB.

Amendment 2, page 2, line 9, leave out “consult” and insert—

“gain the express consent of”.

This amendment would require the Treasury to gain the express consent of the appropriate national authority before making provision in regulations under subsection (6).

Government amendment 1.

[Richard Foord]

I rise to speak to new clause 1 and amendments 3 and 4.

I welcome the UK Infrastructure Bank Bill. We previously had a Green Investment Bank, founded by the Liberal Democrats in government. It was short-sighted for the Government to sell it off, especially as it made £144 million in profit for its Australian owners last year. Nevertheless, the Liberal Democrats are glad to see steps finally being taken to put the replacement UK Infrastructure Bank on a statutory footing.

Liberal Democrat new clause 1, in the name of my hon. Friend the Member for Richmond Park (Sarah Olney), seeks to ensure that this new UK Infrastructure Bank will remain in operation until the Government’s net zero and environmental commitments have been met.

I hope to see this new bank change investment in green infrastructure for the better, and this brings me to the two amendments—amendments 3 and 4—tabled in my name and those of Liberal Democrat colleagues. They seek to ensure that water companies set out costed, time-limited plans to deal with discharges before they can get funding through the bank. This is important because communities across the UK are currently being impacted by the actions of some negligent and wayward water companies. For years, we have seen these firms failing to invest in our vital infrastructure, but instead prioritising shareholder payouts and bumper bonuses for chief executive officers. It is shocking that this practice has been allowed to continue, and that the Government have resisted several attempts by the Liberal Democrats to clamp down on these sewage spills.

South West Water, which covers my patch in Devon, was awarded a one-star rating by the Environment Agency after having been found to have discharged sewage into rivers and lakes and on to our beaches over 42,000 times. This represents more than 350,000 hours of dumping, including at our prestigious blue flag beaches. Three of the 10 most affected beaches are in Devon. And what was the reaction at South West Water? It gave the chief executive a bonus of more than £1 million.

Ukraine

Debate between Richard Foord and Nigel Evans

Monday 14th November 2022 Commons Chamber

[Richard Foord]

I thank the right hon. Member for correcting my understanding.

I talked last week to a Ukrainian MP from the sister party of the Liberal Democrats and he told me how we in the west have failed in the past two or three decades to fully understand that the Soviet Union was an empire. He suggested that we never fully appreciated that there was not consent for states to belong to the USSR in the first place and that it had been a Russian KGB-led empire all along, which some in Russia would like to see recreated.

Those are some of the reasons why the west should not at this time seek to have aims that differ from those of the democratically elected Government of Ukraine. Instead, I urge that we act solely in support of our Ukrainian allies. In the 21st century, there is no case for the logic articulated by Catherine the Great when she said:

“I have no way to defend my borders but to extend them.”

[Mr Deputy Speaker (Mr Nigel Evans)]

I call the shadow Minister to wind up for the Opposition.

Protecting and Restoring Nature: COP15 and Beyond

Debate between Richard Foord and Nigel Evans

Thursday 14th July 2022 Commons Chamber

[Richard Foord (Tiverton and Honiton) (LD)]

On a point of order, Mr Deputy Speaker. The Health Service Journal is reporting that the Minister of State, Department for Health and Social Care, the hon. Member for Lewes (Maria Caulfield) incorrectly told the House yesterday that a contract was in place to provide surge capacity for ambulance services, despite the contract not having been awarded yet. Have you, Mr Deputy Speaker, had any notification from the Minister that she plans to come to the House to clarify the record?

[Mr Deputy Speaker (Mr Nigel Evans)]

I thank the hon. Member for his point of order and for forward notice of it. I have not been given any notification of any statements likely to be made by any Ministers. As he knows, the Chair is not responsible for the content of any statements that have been made. If inaccuracies happen, I expect them to be corrected as soon as possible. However, if the Minister’s interpretation of what has happened is not quite the same as the hon. Member’s, then clearly that is a matter for debate. The Treasury Bench will have heard his point of order and I am sure they will pass it on to the Minister.