(10 years ago)
Commons Chamber6. What progress he has made on ensuring that mobile network operators and broadband providers provide adequate coverage in rural areas of Northumberland.
As we have heard, mobile communication is critical to the rural economy. We are therefore working with Ofcom to identify gaps in mobile coverage, and I have consulted on potential measures to tackle patchy coverage. In addition, the Government have allocated £9.5 million to increase superfast broadband coverage in Northumberland to almost 90% by 2016.
I accept that we are making progress in Northumberland, but my constituents in many parts, such as Kielder, Dalton, Stamfordham, Stocksfield and Byrness, suffer from very poor mobile and broadband reception, or zero coverage. May I ask the Minister to visit soon, to push BT and the other providers and, frankly, kick ‘em up the arse, and generally to push ahead so that we have a campaign whereby there are no no-go areas and no go-slow areas?
(10 years, 10 months ago)
Commons ChamberThat is exactly what we have not done. We have accepted the central recommendations of the Vickers commission.
We have not just been working to prevent a repeat of the crisis. Many Members on both sides of the House have been rightly appalled by the revelations of poor behaviour on the part of some in the industry, such as payment protection insurance, interest rate swap mis-selling, and LIBOR manipulation. Those practices were going on right under the noses of Labour Treasury Ministers, including the current shadow Chancellor, who did nothing at all to stop it.
My hon. Friend attended the local banking conference that I organised shortly before Christmas. Does he agree that “challenger banks” such as Aldermore, Virgin, Metro, and even the Bank of Salford—which is run by Labour and Unite, and is excellent—are a key element in the greater competition that we need in order to reinvent the banking market in this country?
My hon. Friend’s intervention gives me an opportunity to commend him for his initiative to promote regional banks. He is absolutely right in his assessment.
We also set up the Parliamentary Commission on Banking Standards, chaired by my hon. Friend the Member for Chichester (Mr Tyrie). As a result of the commission’s work, we amended the banking reform Act in order to implement its recommendations on holding bankers to account more effectively for poor behaviour. If a bank were in future to enter resolution because of reckless mismanagement, senior bankers could face a prison term of up to seven years.
(11 years ago)
Commons ChamberWe know that if we had continued the plans recommended by the Labour party, the country would be borrowing a lot more. According to the independent Institute for Fiscal Studies, Labour plans to borrow at least £200 billion more, which would push up borrowing costs for many hard-working families up and down the country.
Does the Minister agree with the North East chamber of commerce, which said that the most important factor in raising living standards is to increase skills levels with an increase in skills funding and a doubling of apprenticeships? Is that not the true foundation of a long-term recovery?
I agree wholeheartedly with my hon. Friend, and I am sure he agrees that the Government were right to increase funding for apprenticeships, which are up by more than 1.5 million since the start of 2010.