Oral Answers to Questions

Debate between Richard Fuller and Rishi Sunak

Wednesday 15th March 2023 Commons Chamber

[The Prime Minister]

I agree with the hon. Lady: literacy and numeracy are critical for adults to be able to participate in society and the economy. I am happy to praise Read Easy for the work that it does, and I look forward to learning more about it. The best way to solve this problem is to ensure that our young children get the reading skills, training and education that they need. I am so pleased that, because of the reforms introduced by previous Conservative Governments, particularly on phonics, we have now marched up the international league table and have some of the best results for reading that we have seen in a very long time.

[Richard Fuller (North East Bedfordshire) (Con)]

More than a quarter of the economic output of this country is in sectors overseen by some of our major regulators, such as Ofwat and Ofgem, but historically there has been little in the way of oversight to say whether they are doing a good or bad job, or whether they are achieving international best practice. Can the Prime Minister look at what he can do to address that historical oversight and enable regulators to play their part in ensuring economic growth?

Oral Answers to Questions

Debate between Richard Fuller and Rishi Sunak

Wednesday 18th January 2023 Commons Chamber

[The Prime Minister]

This Government are investing record sums in transport infrastructure across the country but especially in the north and midlands, with a £96 billion integrated rail plan that will improve journey times east-west across the north and connectivity across the east midlands. It is a record we are proud of, and now we will get on with delivering it.

[Richard Fuller (North East Bedfordshire) (Con)]

There has been a 40% increase in patients on roll with GPs in Biggleswade in the past 15 years, but last week, proposals for a Biggleswade health hub were not progressed, despite financial support from the Conservative-controlled Central Bedfordshire Council. Can my right hon. Friend advise me of the status of our manifesto commitment to “infrastructure first”, and will he and his Ministers work with me to bring together the various parts of the NHS to bring the Biggleswade health hub back on track?

[The Prime Minister]

I would be happy to organise a meeting for my hon. Friend to discuss how to progress his project. He is right about the importance of primary care. There is more investment going in, but we want to ensure it works for his constituency, so I look forward to arranging a meeting with him and the relevant Minister.

Illegal Immigration

Debate between Richard Fuller and Rishi Sunak

Tuesday 13th December 2022 Commons Chamber

[The Prime Minister]

My hon. Friend is absolutely right. We want not only to process people swiftly, but to have the ability either to integrate them in the community, where required—we have done that brilliantly through other schemes—or to remove them if they should no longer be here. That is why one strand of this work is about strengthening and tightening our returns agreements with other countries, which should be a key part of our diplomacy. We must have the ability to return people to safe countries, which is something we will work on next year.

[Richard Fuller (North East Bedfordshire) (Con)]

I welcome the Prime Minister’s comprehensive statement, including his willingness to reform assessment processes, but may I ask him about accountability? We see many Government processes to improve and achieve a policy outcome, but the public do not see those outcomes achieved. They are worried that officials and agencies are not held properly to account for achieving those objectives. What are his thoughts on achieving the policy outcomes he has outlined today?

[The Prime Minister]

I am confident because, in the Home Secretary and the Immigration Minister, we have a crack team. I know they will work tirelessly with their team to drive through the reforms announced today. My hon. Friend the Member for North East Bedfordshire (Richard Fuller) is right to hold us to account for that. Transparent metrics on processing, for example, are already published quarterly. People want to see flights returning people to Albania and elsewhere, and people coming out of hotels. That is what we want to deliver next year.

COP27

Debate between Richard Fuller and Rishi Sunak

Wednesday 9th November 2022 Commons Chamber

[The Prime Minister]

On loss and damage, I have already made the point that we established the Glasgow dialogue to see how best to take forward those discussions. I will not pre-empt the discussions happening at COP, but that is not the same as reparations—I think the hon. Lady understands that—which is not what is on the table. That is clear in the language that is being debated at COP.

[Richard Fuller (North East Bedfordshire) (Con)]

At COP26, the Prime Minister was successful in mobilising hundreds of billions in international private capital to support the challenge of net zero, which seems a much better deal than Labour’s plan, which would place a huge burden on British taxpayers. What further steps will my right hon. Friend take to consolidate London’s leadership as a centre for green finance?

[The Prime Minister]

My hon. Friend knows this well. Indeed, he was responsible for the retail green sovereign bond that we issued here—we were the first country in the world to do so—and he deserves credit for that. I am pleased that for, I think, the second or third year in a row, London has been named the world’s leading place for green finance. We are taking forward a range of initiatives around disclosures to make that even more of an advantage for us, including more carbon trading. I look forward to getting his advice on how we can make that aspiration a reality.

Tackling Short-term and Long-term Cost of Living Increases

Debate between Richard Fuller and Rishi Sunak

Tuesday 17th May 2022 Commons Chamber

[Rishi Sunak]

I am now going to make some progress. Our plan is to build the economy of the future. That is why, this autumn, we will cut taxes on capital, on people and on ideas to drive up growth and support businesses to do so.

While we are talking about growth, we have heard a lot during these debates—I think the right hon. Member for Doncaster North also mentioned it—about the Labour growth that we experienced between 1997 and 2010. It was obviously a very long time ago that we last had a Labour Government, so let me remind the House of the facts.

Under the Labour Government, the UK’s cumulative economic growth was third in the G7. Under this Government, despite having lived through the worst recession in more than 300 years, our cumulative growth is also third in the G7. Let us also remember that when the Opposition last arrived in office, unemployment was 7%. When they left, 13 years later, it was of course higher at 8%. New figures out this morning, as we have heard, show that today, the UK’s unemployment rate is less than half that, at 3.7%, the lowest in almost half a century.

The story is the same on public finances. The deficit in 1997 was 2% of GDP. By 2010, it was nearly 10%, and £1 in every £4 the Government spent was borrowed. There was, as we heard, no money left.

[Richard Fuller (North East Bedfordshire) (Con)]

May I add to what the Chancellor says that under this Conservative Government we introduced the living wage, which has increased wages for the poorest in our country at a higher rate than the last Labour Government ever had the courage to do, and we now have the lowest unemployment rate for 50 years?

[Rishi Sunak]

My hon. Friend is absolutely right. This year’s increase in the national living wage is worth £1,000 to someone working full-time who is on the national living wage. That will benefit millions of people, particularly those on a low income. That is our priority and those are our values.

The approach to borrowing that I have described is not the approach of this responsible Conservative Government. Today, despite having spent hundreds of billions throughout the pandemic, we are providing the highest sustained level of public sector investment in decades and investing record amounts in public services such as the NHS. This Government are on track to have borrowing low and debt falling again. That is our record: robust growth, more jobs and being responsible with the country’s finances.

History reminds us that, at times when we face severe supply problems, an unconstrained fiscal stimulus risks making the problem worse, pushing up prices still further and ingraining expectations of higher inflation—a vicious cycle leading inexorably to even higher interest rates and more pain for tens of millions of mortgage holders and small businesses. Let us be in no doubt, simply trying to borrow and spend our way out of this situation is the wrong approach; those paying the highest price would be the poorest in our society. Instead, the Government are taking a careful, deliberate approach. We will act to cut costs for those people without making the situation worse. We will continue to back people who work hard, as we always have, and we will do more to support the most vulnerable—and, unlike others, we will not simply borrow our way out.

So yes, we are helping families by cutting their costs, and it is irresponsible to suggest otherwise. That support will always be part of a broader plan to grow the economy, encourage investment and create more high-skilled, high-wage jobs, all built on the foundation of strong public finances. That is our economic plan. We are providing £22 billion-worth of support to help families with the cost of living. We are creating more jobs, more investment and higher wages. That is what this Queen’s Speech is all about, and I commend it to the House.

Spending Review 2020 and OBR Forecast

Debate between Richard Fuller and Rishi Sunak

Wednesday 25th November 2020 Commons Chamber

[Rishi Sunak]

Yes, Mr Deputy Speaker, I think it was something about the Eden Project. I would be very happy to meet my hon. Friend to discuss his ambitions for his area and this project. I know he has put a lot of thought and energy into it, as has his community, and I very much hope we can make progress in the coming years.

[Richard Fuller (North East Bedfordshire) (Con)]

In his statement, my right hon. Friend said:

“The spending announced today is secondary to the courage, wisdom, kindness and creativity it unleashes. These are the incalculable but essential parts of our future, and they cannot be mandated or distributed by Government.”

He is right on that, and the private sector and businesses will respond to what he has announced today. When it comes to the consideration of taxes, will he look to protect the incentives for those who invest and grow such businesses?

[Rishi Sunak]

I thank my hon. Friend for his comment, as he is absolutely right, and from his own business experience he knows this well. He will know that one thing we do to incentive entrepreneurship through the tax system is our world-leading enterprise investment scheme and seed enterprise investment scheme programme, which provides significant support to private investors to help fund new businesses. We have expanded that scheme over time. I know he has thoughts on it, and I look forward to hearing them.

Future of Financial Services

Debate between Richard Fuller and Rishi Sunak

Monday 9th November 2020 Commons Chamber

[Rishi Sunak]

What we are announcing today will ensure that the UK remains the most open, competitive, technology-leaning and dynamic place to do financial services anywhere in the world. It is a constantly changing industry and it is right that we are on the cutting edge of developments. Now that we are outside the EU and leaving the transition period, we have the ability to make further changes to our regulatory regime, to enhance our competitiveness and to attract jobs, capital and business to the UK.

[Richard Fuller (North East Bedfordshire) (Con)]

Regarding the comment made by the hon. Member for Wirral South (Alison McGovern), I do not know where Labour MPs have been these past few weeks, but the Chancellor has been here today, 9 November, and on 5 November, on 22 October, on 20 October, on 14 October, on 24 September and on 15 September. No Chancellor has been more responsive to the needs of Members of Parliament than this Chancellor, which is why I welcome his statement today. It demonstrates that neither the financial services sector nor he as UK Chancellor are going to sit around and wait for the EU to respond, but that he will point the way forward in leadership in green finance, in financial technology and in financial transparency. Will my right hon. Friend build on the green sovereign bond announced today, so that ahead of COP26 retail investments will be available for retail investors?

[Rishi Sunak]

I thank my hon. Friend for his question. He will know from his extensive experience in financial services how important the announcements today are. He makes a very interesting suggestion, and I would love to meet him to discuss it further and see what we can do.

Covid-19: Economy Update

Debate between Richard Fuller and Rishi Sunak

Thursday 22nd October 2020 Commons Chamber

[Rishi Sunak]

There will not be any gap in support, I am pleased to tell the hon. Gentleman, because, as he knows, the CJRS runs all the way to the end of this month and the job support scheme starts on 1 November. There will be complete coverage and no interruption. We provided Barnett funding on the grants from the moment I announced them, so that is also available to the Welsh Government. With regard to the specific treatment of seasonal workers and the computation of the reference earnings, that is set out in the guidance for the CJRS and that will remain consistent in the new job support scheme.

[Richard Fuller (North East Bedfordshire) (Con)]

In his statement on 8 July, my right hon. Friend said his measures would be always

“unencumbered by dogma”

and

“driven always by the simple desire to do what is right.”—[Official Report, 8 July 2020; Vol. 678, c. 937.]

He was right then and he is right today in announcing these measures. I noted the extension in support for the self-employed, which will now extend all the way through to April. Will my right hon. Friend assure me that he is also working with the Health Secretary to ensure that we are doing whatever we can to get self-employed people and everyone else into work and back to work without restrictions as quickly as possible?

[Rishi Sunak]

My hon. Friend is absolutely right. The self-employed are a part of the entrepreneurial side of our economy that will help to drive our recovery. It is right that they receive support and I am proud that the support we have put in place—over £13 billion benefiting almost 3 million people—is one of the most comprehensive and generous packages of support for the self-employed. Ultimately, however, his last point is the one we should focus on. The best way to help people is to allow them to get on and do the job they love doing, and allow them to trade.

Economic Update

Debate between Richard Fuller and Rishi Sunak

Wednesday 8th July 2020 Commons Chamber

[Rishi Sunak]

I know my colleague the Financial Secretary has been abreast of this issue for a while, and he has just reminded me that we have invested £37 million in debt advisory services during this time. I also know that he is taking forward actions on our breathing space initiative, which is something that he passionately believes in, and I wholeheartedly support those efforts.

[Richard Fuller (North East Bedfordshire) (Con)]

The Chancellor has answered many specific questions, but I would like to commend the overall tone of his statement, which he began by saying that he would be “unencumbered by dogma”, but with

“a simple desire to do what is right.”

His responses have oftentimes mentioned the social justice imperative behind his plan for jobs, which I think will strike many in the country as absolutely right.

May I echo the comments of my right hon. Friend the Member for Bromsgrove (Sajid Javid), about the need, when we come to the fall, to look at ways in which overall debt as a burden on the GDP of the country can be brought under control?