Oral Answers to Questions

Debate between Sajid Javid and Tony Baldry

Thursday 27th November 2014 Commons Chamber

[Sajid Javid]

May I first say to my hon. Friend that I thoroughly enjoyed visiting the cathedral with him and seeing “Julius Caesar”. It is an excellent demonstration of how our cathedrals can be open to so many activities in our local communities. In fact, I have seen similar events recently at Rochester and Portsmouth cathedrals. With regard to Bishop John, I was actually just discussing that very matter with His Grace the Archbishop of Canterbury yesterday, and I join my hon. Friend in warmly congratulating the bishop on his position.

[Sir Tony Baldry (Banbury) (Con)]

I warmly thank the Secretary of State for the £20 million grant for cathedrals, which has enabled some 41 cathedrals to carry out various works and repairs from fixing leaking roofs, repairing stained-glass windows and spires and carrying out many other important works to enable them to commemorate the centenary celebrations. Does my right hon. Friend agree that cathedrals are powerful symbols of our shared history and are also the envy of the world? They bring in many tourists, so this investment by the state in our cathedrals is great value for taxpayers.

[Sajid Javid]

Yes, I agree fully with my right hon. Friend. He will know that of the £20 million we allocated in that grant, £13 million has been used so there is still about £7 million left to go. I urge other cathedrals to take advantage of that and to work to help their local communities.

Oral Answers to Questions

Debate between Sajid Javid and Tony Baldry

Tuesday 5th November 2013 Commons Chamber

[Sir Tony Baldry (Banbury) (Con)]

15. What recent steps he has taken to increase competitiveness in the banking sector.

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

The Government are driving a wide-ranging and ambitious programme of reforms to make the banking sector more competitive and to give consumers a better deal. This includes reducing market barriers, encouraging current account switching, and putting competition at the heart of the regulatory system.

[Sir Tony Baldry]

Will my hon. Friend commend the Church Commissioners for their investment in Williams and Glyn’s as a new competitive bank that intends to have the highest ethical standards? As well as increasing competition in banking, is it not also crucial that we have a system of banking regulation with clear accountability and responsibility, avoiding mistakes in the system designed by the previous Administration?

[Sajid Javid]

I congratulate the Church Commissioners on their role and the expertise that they bring. Given that my hon. Friend is a commissioner, I take this opportunity to congratulate him too. He is right to highlight the fact that the previous Government’s changes to financial regulation contributed significantly to the banking crisis in 2008. That caused misery and hardship for millions of hard-working families, yet I notice that the Opposition have yet to apologise.

Royal Bank of Scotland

Debate between Sajid Javid and Tony Baldry

Thursday 13th June 2013 Commons Chamber

[Sajid Javid]

The hon. Gentleman will be aware from the RBS statement yesterday that one reason why it has taken this step is that it believes, as do the Government, that RBS should become more focused on British business and British jobs. If the hon. Gentleman agrees with me that Scotland should vote next year to stay in Britain, that will certainly help the situation, making sure that when RBS talks about Britain, it is talking about the Britain we know today.

[Sir Tony Baldry (Banbury) (Con)]

Does my hon. Friend agree that Stephen Hester, who happens to be one of my constituents, was given a pretty poisoned chalice by the last Labour Chancellor when Fred Goodwin stepped down and that he has actually done an extremely good job in rescuing RBS and bringing it back from the brink? What I think most of my constituents are concerned about now is whether RBS is going to be a bank for small and medium-sized businesses, a bank for middle England and a bank for market towns such as Banbury and Bicester, helping to get SMEs and the economy moving and going forward.

[Sajid Javid]

I share the concerns that my hon. Friend has articulated. He will have noticed from my speech that I said RBS under Stephen Hester has made huge progress in becoming focused on lending to British businesses. I am confident that, because of the plans that have been set in place, that will become even more prominent in RBS’s strategy.