(9 years, 9 months ago)
Commons ChamberI can confirm the figure that the right hon. Gentleman has put to the House. What is being offered to the Scottish Parliament is the power to design a welfare system that is fit for purpose in Scotland. That will be one part of tackling the generational issues of poverty and social exclusion to which he refers. The increased powers in job creation and taxation, especially income tax, and the powers to grow the economy in Scotland, can be used to tackle the issues that the right hon. Gentleman is so right to highlight.
During the referendum campaign, the four party leaders made commitments to the Scottish people. Today we see three party leaders delivering on the vow that they made. Does my right hon. Friend agree that the best way forward for Scotland is for the SNP to acknowledge their leader’s statement that this would be a once-in-a-generation referendum?
Indeed; I could not agree more. The Prime Minister, the Deputy Prime Minister and the Leader of the Opposition made a vow during the referendum campaign. Today we honour that vow. The former First Minister and his successor—Alex Salmond and Nicola Sturgeon—also made a vow. They said that they would respect the outcome of the referendum and the decision of the people of Scotland. There is no reason from today for them to do anything other than to make it clear that we will not be returning to this question in a referendum, as they said, in a generation.
(10 years, 6 months ago)
Commons ChamberIn that regard, the most pertinent intervention came from the Institute of Chartered Accountants of Scotland—not a political party or a body that has an axe to grind, but people who know what they are talking about. They told us what we already know: there are substantial questions on pensions and other areas, and the Scottish Government have still failed to answer them.
Surely one of the great weaknesses of the White Paper is on the future of the pound in Scotland. Surely the simplest way in which the people of Scotland can guarantee to keep the pound is to vote no in the referendum.
That is indeed the case and I am confident that they will do so, because the people of Scotland value having the pound sterling as their currency. They value having the Bank of England as a lender of last resort and they value the fact that, as a result, risks and opportunities are spread across the whole United Kingdom.
(10 years, 8 months ago)
Commons ChamberIs not the most exciting thing about Sir Ian Wood’s report the consensus he has discovered in the industry, which is that with more regulation and a stronger regulator with more resources there is the potential to unlock even greater investment, supporting jobs, taxpaying and energy security?
The real strength of the Wood report, at least the interim version, is its credibility in the industry, because it has been informed by the industry and led by one of its most respected figures.