Covid-19 Update

Debate between Sajid Javid and Meg Hillier

Thursday 13th January 2022 Commons Chamber

[Sajid Javid]

I thank my right hon. Friend for his support for these new measures. He speaks with considerable experience. He is absolutely right to talk about the impact of restrictions beyond health. He has heard me, and other members of the Government, say before that no restrictions—none at all—should be in place for a moment longer than is absolutely necessary. He will know that the plan B restrictions, unless this House were to decide otherwise, will sunset on 26 January. On what happens next in terms of the Government’s own view, we will set that out as soon as we can.

[Dame Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

The Secretary of State talks about the importance of having insurance policies, and in managing risk as he is, that is of course the proper thing to do. However, on Friday, he issued a ministerial direction to the NHS England chief executive, Amanda Pritchard, to authorise the use, as he touched on his statement, of private sector providers, and this is at a very high cost. It requires a minimum income guarantee for those private hospitals of between £75 million and £90 million a month, and if the surge requirement is used, that could rise to £175 million a month, as the chief executive sets out in her letter requesting the direction. Where is that money going to come from, and why, at this stage of the pandemic, are we still being held over a barrel, as the taxpayer, by the private sector? Could not the Secretary of State at least have negotiated a better deal?

[Sajid Javid]

The deal that the hon. Lady refers to was negotiated by the NHS, and I think it has done an excellent job in its negotiations. It is also absolutely right for the chief executive of the NHS to write to the Government—to write to me—to request such a direction, because the NHS’s job is obviously running the NHS, but the Government’s job is to think beyond the NHS and the impact of covid beyond just health. The hon. Lady should know by now that the more capacity we have in the NHS, the less need there is for restrictions. What I can say for sure is that had we not taken out this insurance policy with the independent sector and got this extra capacity, she would be one of the first to stand up in this House asking us why we did not work with the independent sector.

Covid-19 Update

Debate between Sajid Javid and Meg Hillier

Friday 26th November 2021 Commons Chamber

[Dame Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

I recognise that the Secretary of State has come to the House at the earliest opportunity, and I appreciate his swift action. I hope that it is an indication of the way in which he will engage with us all on this vital issue. Has he received any information from South Africa and the other nations of southern Africa that he mentioned about the impact of the variant on children, and are there any plans to offer second doses to children here in the UK?

[Sajid Javid]

That is a very good question. This has moved so fast that so far we have had no indications about the potential impact of the new variant on children in particular. As soon as we have any information, we will want to share it.

The child vaccination programme in the UK is going well throughout the country, and has built up a significant momentum. As for whether second doses would be recommended, we will await the expert advice of the Joint Committee on Vaccination and Immunisation.

Covid-19 Update

Debate between Sajid Javid and Meg Hillier

Tuesday 14th September 2021 Commons Chamber

[Sajid Javid]

I can tell my right hon. Friend that when the Government or any Government make decisions that have such an impact on people’s liberties, even if those decisions are made for all the right reasons—in this case, of course, to deal with this pandemic—they should be working with the House and working with colleagues. On any measures that are significant, of course the Government will come to the House and seek a vote of the House.

[Dame Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

The Secretary of State talked about international work, and unless we tackle this issue across the world we are going to be in a pandemic forever. When he was at the G20, he shared with other countries what we are doing to help tackle it internationally, so could he please share with the House what is being done to tackle vaccination rates across the globe?

[Sajid Javid]

I can tell the hon. Lady that there was significant discussion about that with my G20 colleagues, but not all of them have, let us say, behaved in the same way as the UK in offering donations to poorer countries of vaccines. The hon. Lady will know that we are committed to offering 100 million doses to international friends, and that we have already provided or donated 9.2 million doses, most of those for the COVAX programme. We remain committed to that programme, and one of the things we are trying to do internationally, including through the Foreign Secretary, is encourage more countries to honour their commitments to COVAX and encourage those who have not joined the COVAX commitment to come forward and help in that way.

Oral Answers to Questions

Debate between Sajid Javid and Meg Hillier

Tuesday 7th January 2020 Commons Chamber

[Sajid Javid]

My hon. Friend will know that the NHS is this Government’s No. 1 spending priority. I just wish that it was the same for the Labour Government in Wales, who have let down Welsh people time and again, especially when it comes to healthcare. In the recent spending round in September, the Welsh Government received an additional £600 million, much of which can be put to good use in the NHS system in Wales. I hope that they are wise enough to help the Welsh people and, in particular, to look again at resurrecting Flint Community Hospital.

[Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

One of the major crises is the recruitment of GPs, so it is not just money that needs to be thrown at the issues. What steps is the Treasury taking to ensure that when money is provided, it is spent well and, crucially, that it is not stop-start funding, so that the NHS can properly plan for the long term, particularly in the recruitment of frontline staff?

[Sajid Javid]

It is worth reminding Members that one of the reasons the NHS has so many problems, including with the recruitment of GPs and in hospitals, is the PFI policies of the previous Labour Government, which have cash starved many NHS trusts for far too long. We are now putting that right with our historic settlement. The hon. Member is quite right about the importance of recruiting more GPs to have more appointments, and that is why we set out in our manifesto exactly how we are going to do that.

Spending Round 2019

Debate between Sajid Javid and Meg Hillier

Wednesday 4th September 2019 Commons Chamber

[Sajid Javid]

I want to take this opportunity to thank my hon. Friend for his campaigning and for the way in which he has worked with the Treasury and the Department for Education on this. I think he is referring to the f40 campaign, with which I am very familiar as a constituency MP. I am pleased that we have been able to make this huge step change in school funding, which I know has been welcomed across the country.

[Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

After all the announcements over the summer, I had hoped for more detail today. The Chancellor and his Department might have a laser-like focus, but he can rest assured that the Public Accounts Committee will be delving through these figures and holding him to account.

As others have said, the Chancellor has indicated that he is going to change the fiscal rules. We already have an 85% ratio of debt to GDP. Can he advise us of the tolerance level that he would go up to in that debt level, and is he considering increases in taxation?

Windrush Compensation Scheme

Debate between Sajid Javid and Meg Hillier

Wednesday 3rd April 2019 Commons Chamber

[Sajid Javid]

The eligibility for the scheme is very wide. I set it out earlier in my statement, and it will almost certainly include many highly skilled migrants.

[Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

As well as the publicity drive that the Home Secretary has talked about, will his officials be going through, with their fingertips, every case of other Commonwealth citizens who are caught up in this?

[Sajid Javid]

We want to make sure that no one is left out. We have, for reasons I have previously explained in the House, focused on those of Caribbean origin, but that process of trying to find those who may have been wronged continues.

Windrush Scheme

Debate between Sajid Javid and Meg Hillier

Tuesday 5th February 2019 Commons Chamber

[Sajid Javid]

My hon. Friend is correct. It would be breaking the law, and it would mean that we were not putting the safety of our people first.

[Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

In compelling evidence given to the Public Accounts Committee, we heard how difficult it was for Windrush victims to obtain housing. The Home Secretary listed the people whom he was helping, but the fact is that local authorities will need to allocate that housing, and given the squeeze that they are experiencing and the current housing demand, that is just not happening. Will he think again about what central Government can do to ensure that these people are not in the general housing queue, and that local authorities do not have to provide them with much-needed homes?

[Sajid Javid]

The hon. Lady makes an important point. As I said at the start, some people may have lost housing or been affected in other ways in their housing, and they are being helped. We are working closely with the Ministry of Housing, Communities and Local Government, which is speaking to local authorities. Where possible, we are trying to prioritise those cases.

Oral Answers to Questions

Debate between Sajid Javid and Meg Hillier

Monday 17th July 2017 Commons Chamber

[Sajid Javid]

My hon. Friend cares very deeply about this issue and has done a lot in his constituency. I share those concerns and it is one of the reasons why, for example, we announced in our recent manifesto that we will be piloting the concept of Housing First, which has worked well elsewhere. He will also know that his town of Cheltenham will receive £1 million of our £10 million social impact bond, money that will help the most vulnerable rough sleepers get the help they need.

[Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

The Secretary of State talked about homelessness as though it is people living on the street; in my constituency, the council is spending £35 million a year on people living in hostels and temporary accommodation, and there are many other hidden households who are living with another family because they cannot afford a roof over their head. The Secretary of State talks about his ambitious plans, but they do not help people here and now; what is he doing now to make sure that people in Hackney South and Shoreditch, across London and the country can get a roof over their head that is affordable?

[Sajid Javid]

The hon. Lady reminds us all that homelessness is much more than about people living on the streets; there are many more families and people affected across the country, including, of course, in London. One thing we are doing that I am sure she will welcome is the announcement in a recent Budget that we will be putting £100 million into low-cost move-on accommodation that will provide at least 2,000 places.

Oral Answers to Questions

Debate between Sajid Javid and Meg Hillier

Monday 27th February 2017 Commons Chamber

[Sajid Javid]

I can tell my hon. Friend that as a result of the recent revaluation, the English side of the channel tunnel has seen its rateable value more than double to £35 million, which accounts for roughly a third of the local ratings list. If this were excluded, average rateable values in my hon. Friend’s local authority would fall in line with those in the rest of Kent.

[Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

rose—

[Meg Hillier]

It is not just the Dover district that is having these problems but businesses up and down the country, particularly in London and the south-east. I met small businesses in Hackney—not that far from Dover—on Friday. The reality surely is that the system is bust and that small businesses with a small turnover are being hit with huge and unsustainable bills, so what is the Secretary of State going to do to make life better for businesses in Dover, Hackney and around the country?

[Sajid Javid]

I think the hon. Lady deserves an answer to that, Mr Speaker. First, transitional relief is in place—it is worth some £3.6 billion—to help businesses across the board, including smaller businesses. Secondly, the extension of small business rate relief will mean that 600,000 companies will pay zero in business rates from April this year. I am sure that the hon. Lady would join me in welcoming that.

Housing White Paper

Debate between Sajid Javid and Meg Hillier

Tuesday 7th February 2017 Commons Chamber

[Sajid Javid]

I commend my hon. Friend’s work on homelessness, particularly through his Homelessness Reduction Bill, which is making its way through Parliament. He is right about the importance of commissioning, which has a role to play and is something that I am looking at carefully.

[Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

The National Audit Office estimates that the total Government spend on housing in the last financial year was £28 billion, but a staggering £20.9 billion of that total was spent on housing benefit. Is that not a demonstration that rents are too high and that even people in work cannot afford them? Did the Secretary of State give any consideration to reforming housing benefit when putting together the White Paper?

[Sajid Javid]

The hon. Lady will know that housing benefit has already been reformed, but she is right to make the link between housing benefit and high rents. Again, that is a symptom of the fact that for far too long we have not been building enough homes.

Oral Answers to Questions

Debate between Sajid Javid and Meg Hillier

Thursday 15th January 2015 Commons Chamber

[Sajid Javid]

My hon. Friend is right to raise the issue of trains and communications, which is why the Government have made a commitment to improve connectivity on trains. He may be aware that Network Rail is in the middle of a competition to work out the best solution to the problem. On Government support, my right hon. Friend the Secretary of State for Transport announced a few months back £53 million of funding for the programme, with money that Network Rail was supposed to return to the Government. I will also ask my right hon. Friend to give my hon. Friend an update.

[Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

The Secretary of State has taken some bold steps to push mobile telephone companies to increase coverage in not spots. However, even in areas such as mine in Shoreditch, with mobile coverage, wi-fi and broadband, there is a real issue about planning permission for buildings that are tall enough to allow other technologies to flourish. Will he update the House on conversations he is having or will be having with the Secretary of State for Communities and Local Government about changing planning permission to allow these other technologies to flourish?

[Sajid Javid]

The hon. Lady has raised an important issue. We are having ongoing discussions, and we have ongoing plans to improve the situation. As the hon. Lady may know, the deal that was announced last month with mobile phone operators included an agreement by the Government to give them access, at market prices, to Government-owned property on which we have the freehold, and I think that that is a positive step.

Crowdfunding and the FCA

Debate between Sajid Javid and Meg Hillier

Wednesday 18th December 2013 Westminster Hall

[The Financial Secretary to the Treasury (Sajid Javid)]

Welcome to the Chair, Mr Chope. I, too, congratulate the hon. Member for Huddersfield (Mr Sheerman) on securing this debate, and on the important work that he does as chair of the Westminster crowdfunding forum. I share his enthusiasm for crowdfunding and the peer-to-peer alternative funding platforms that he mentioned. I cannot think of a single thing he said that I disagree with; it is quite rare for me to say that to him. I say that not in a spirit of good will because it is close to Christmas, but because I thought he talked a lot of common sense. Clearly, he knows a lot about the issue, and I hope that he stays involved in it for a long time to come—it sounds like he will—because I think he can add great value to this area.

Small and medium-sized enterprises are a vital part of the UK economy and contribute significantly to economic growth, as we have just heard. In particular, access to finance is important to ensure that businesses reach their full potential. At times when there are greater constraints on credit, alternative finance markets, including crowdfunding, become even more crucial. That is why crowdfunding, though it may be a relatively new industry, is growing quickly.

[Meg Hillier]

May I draw the Minister’s attention to a donation-based crowdfunded organisation called Turning Earth in my constituency? It raised more than £13,000 through Crowdfunder and sells work spaces and classes in pottery. It says that, critically, the money levers in other money, because there is confidence in the community that the organisation will work. Does that not do something to tackle the asymmetry of banks, which are frankly letting down small businesses, and the challenge of funding small businesses?

[Sajid Javid]

The hon. Lady is right. There are examples of banks letting down small businesses. That shows the power of crowdfunding. I had not heard of Turning Earth before, but I am glad that she has brought it to my attention. I will take more interest in it now. If I heard her correctly, she mentioned that it has already raised £13 million—[Interruption.] Oh, £13,000. Well, that is an excellent start. There is great growth potential in that number.

Over the past two years, in total, more than £700 million has been lent through peer-to-peer platforms. There has been a 600% increase in equity platforms between 2012 and 2013, raising approximately £28 million this year. There has been significant growth in debt-based security platforms of more than 370% in a year, raising almost £26 million over the past three years.

The crowdfunding market has huge potential to expand much further, and the UK has a strong global position in crowdfunding investment. Like the hon. Member for Huddersfield, I am keen to ensure that we maintain and grow that position. As such, the Government have taken a number of steps to support this burgeoning industry. We have invested £30 million in peer-to-peer platforms through the business finance partnership: £20 million has been provided to Funding Circle, which facilitates loans to small businesses, and £10 million has been provided to Zopa, which has facilitated £432 million of lending since its launch in 2005.

Our generous tax reliefs, granted through the seed enterprise investment scheme, are widely used by equity platforms. Some platforms have reported that 80% of investors are using that scheme, which provides an important incentive for investors to invest in smaller, perhaps riskier businesses, allowing them to grow.

[Meg Hillier]

One of the FCA’s considerations is separating the sector into debt crowdfunding and equity crowdfunding. I represent Seedrs, which is based in Shoreditch and does a great deal of good work in this area. The sector is very diverse, so will the Minister comment on whether the Government desire to keep that diversity while ensuring that there is regulation, without making false divides and pigeonholing the diverse crowdfunding industry into the categories of debt, equity or, indeed, donations? Donations are not within the FCA’s remit at the moment.

--- Later in debate ---

[Sajid Javid]

I thank the hon. Lady for her intervention. I am just about to address regulation; that might help to answer her question. This is also a good opportunity to pay credit to Shoreditch as an area that is heavily involved in crowdfunding. It is a growing space, and I would like to see it continue to grow.

We listened to the peer-to-peer side of the industry when it asked about regulation. We are working with the FCA to regulate that side of the industry and develop a proportionate framework. The framework has been well received by the peer-to-peer industry. Although the equity and debt security side of the crowdfunding market is already captured by some regulation, it is keen for a more tailored framework. The platforms’ view is that regulation provides them with credibility and helps to attract investors. They actively lobbied the FCA for inclusion in the consultation, and we supported them to achieve that goal.

Although we recognise the importance of regulation for the industry at the request of the platforms, it is essential that regulation be proportionate, as all hon. Members have said, if we are to ensure that it does not stifle the market’s growth. The Government therefore continue to work with the platforms and the FCA to ensure that the optimum framework is implemented—a framework that satisfies the industry, provides increased certainty to investors, and enables the crowdfunding industry to continue on its upward trajectory.

Before I close, I would like to say that having proportionate regulation is also key to ensuring that there are no unnecessary barriers to entering the industry. One of the industry’s successes over the past few years has been the very light barriers to entry. The Government and the regulator are keen to ensure that we have regulation that is proportionate enough to achieve the objective of protecting consumers, both borrowers and lenders, without creating barriers to entry that make the industry grow at a slower pace or stifle growth.

[Meg Hillier]

I welcome the Minister’s comments, because some years ago I called for regulation, but not to such an extent that it might put people off. Perhaps he can write to us if he does not have this information. NANA in my constituency is a café run by older women that was funded through donations on Kickstarter. Nana is located in former toilets on Chatsworth road in Homerton, and people fund it by buying a tea towel or donating a cheque. At the moment, the FCA is not considering the regulation of that sector. Does the Minister have any information on whether regulation of the donation sector will at any point be considered by the FCA or the Government?

[Sajid Javid]

As the hon. Lady kindly suggests, I will write to her and take a closer look at what plans the FCA does or does not have.

Oral Answers to Questions

Debate between Sajid Javid and Meg Hillier

Tuesday 29th January 2013 Commons Chamber

[Sajid Javid]

That is a shocking reminder of the economic incompetence of the previous Government and of the damage that they did to our economic base. The revitalisation of manufacturing is important for the rebalancing of our economy. Keighley in west Yorkshire has an important manufacturing tradition, and it is benefiting from the manufacturing advisory service and from the £2.7 billion of regional growth money that is going to the entire nation. Also, the announcement in the autumn statement of more money for UKTI will benefit the help that UKTI gives in Yorkshire.

[Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

T3. Today, we saw the Government unveil their “pile ’em high, teach ’em cheap” approach to child care, hot on the heels of cuts to tax credits for poor working families and cuts to child benefit. When is the Chancellor going to unveil his supposed plans for a tax benefit for child care? What are the Government doing to support working families?