British Steel

Debate between Sammy Wilson and Greg Clark

Wednesday 24th July 2019 Commons Chamber

[Greg Clark]

The hon. Gentleman and I share a view about the importance of steel and manufacturing. At the University of Huddersfield, the national rail testing facility is a very important part of our contribution to increasing standards of technological development, so he is absolutely right. When it comes to the steel industry, the key thing is having an owner that, in my view, is willing and has an ambition to invest for the future. Since the official receiver is encouraged by the level of interest, what we in the support group—I would observe that it is a pragmatic group of people—want to do is to support those bidders to make sure that we have the long-term future we all want.

[Sammy Wilson (East Antrim) (DUP)]

It is important strategically and for regional employment to maintain a steel industry in the United Kingdom, and I do welcome the efforts that the Secretary of State has made to date. However, does he not realise that high-cost renewable energy plans and costly decarbonisation policies—pursued by this Government and previous Administrations, who, quite frankly, have pandered to a Luddite green lobby in this country—have resulted in energy-intensive industries moving out of Britain, with the aluminium industry being an example? These issues will have to be addressed if we are to maintain a viable steel industry in the United Kingdom in the future.

[Greg Clark]

My experience from conversations with the bidders for British Steel is that there is a recognition in the steel industry—not just in this country, but around the world—that the move to cleaner and greener production is happening globally. Actually, there is an opportunity to get ahead of that, as investing in improved energy efficiency and reducing carbon emissions will have to be done everywhere. Again, one of the purposes of the industrial strategy is to advance ourselves as a place where this has been done well and reliably and has been well supported. That, it seems to me, is best for the long-term future of steel making and other manufacturing, rather than attaching ourselves to a model that will be increasingly costly around the world. The future depends on being more energy efficient and greener.

Leaving the EU: Airbus Risk Assessment

Debate between Sammy Wilson and Greg Clark

Monday 25th June 2018 Commons Chamber

[Greg Clark]

Companies in the aerospace sector—big and small—report very similar requirements: we should avoid frictions and tariffs. That is consistent with many other employers who create valuable jobs in this country. It is important that we listen to not just one voice but them all.

[Sammy Wilson (East Antrim) (DUP)]

Since aerospace regulations tend to be made on a worldwide basis rather than on an EU basis, the tariffs on manufactured goods are low or zero, and the UK is an important market for Airbus. Does the Secretary of State accept that we should take some of these warnings with a pinch of salt? If Airbus has concerns, it ought to direct them towards the EU negotiators who seem to be putting every obstacle in the way of the Prime Minister’s objective of frictionless future trade.

[Greg Clark]

We need an agreement. The right hon. Gentleman is right that regulatory standards are increasingly international, but the idea that we would find ourselves unable to operate to the standards required for aircraft produced in Europe would be unacceptable not only to Airbus, but to Bombardier in Northern Ireland, which communicated in very similar terms its requirements for the future.

Nissan: Sunderland

Debate between Sammy Wilson and Greg Clark

Monday 31st October 2016 Commons Chamber

[Greg Clark]

As the hon. Gentleman knows, we have not targeted an exchange rate for some time. That policy is, first, not my remit and, secondly, not the way we approach the economy. However, it is true that there are many contributors to the competitiveness of the economy. What I need to do, and what I will do, is to take those things over which I do have influence and make them work for Britain.

[Sammy Wilson (East Antrim) (DUP)]

The Nissan announcement is not, of course, the only announcement of a good investment decision in the UK since the referendum. From GlaxoSmithKline to McDonald’s, thousands of jobs have been created, despite the predictions of the doom-mongers on the referendum deniers’ side. The Minister has indicated that he will take a sector-by-sector approach. Does he also reckon that there needs to be a region-by-region approach, and what plans does he have to meet the Economy Minister in Northern Ireland to discuss the problems there?

[Greg Clark]

I have already met the Economy Minister in Northern Ireland and had a very constructive discussion with him. I had that discussion to invite him to help us as we develop our industrial strategy so that it includes an appreciation of the different needs of different places to which the hon. Gentleman refers.

Finance (No. 2) Bill

Debate between Sammy Wilson and Greg Clark

Wednesday 17th April 2013 Commons Chamber

[Sammy Wilson]

I will conclude on that basis. I hope that I have addressed some of the points made by coalition Members. The amendment should be supported on grounds of fairness, of improving the banking system and of ensuring that the money that the Government raise from this provision could be used to help to stimulate the economy.

[Greg Clark]

I am grateful to you, Ms Primarolo, for allowing me to get a word in edgeways in this debate. It has been a most illuminating debate. We have discovered that it is the policy of the Opposition to raise £2 billion from a bank bonus tax when the pool of bank bonuses this year is forecast to be £1.6 billion. The Opposition Front-Bench team was commended for proposing an imaginative measure. It certainly is imaginative. Indeed, it is the stuff of fantasy that more could be raised in revenue through a tax than is contained in the tax base to which it applies.

The Opposition have done this before, as I shall say later, and this is a familiar debate. We had this debate in 2011 and in 2012, and now the Opposition have tabled a more or less identical amendment on a policy that was introduced in the dying days of the last Labour Government for one year only—a payroll tax on banks. When the then Chancellor introduced it in December 2009, he insisted that it would be a one-off tax. Indeed, it was not even for a full year, but from December 2009 to April 2010. But in the Finance Bill Committee of the whole House almost exactly a year ago, the hon. Member for Pontypridd (Owen Smith) revealed:

“If Labour had won the election, it may have changed its view and continued the bank bonus tax.”

On reflection, he said,

“I think a Labour Government would have continued it”.—[Official Report, 18 April 2012; Vol. 543, c. 391.]

The annual reappearance of this temporary Labour tax should remind us all that whenever Labour proposes a temporary tax, it is best to assume that it is for life—

Financial Services

Debate between Sammy Wilson and Greg Clark

Wednesday 6th February 2013 Commons Chamber

[Greg Clark]

The discount in fines given for co-operation is one reason for organisations to co-operate, but I will look at my hon. Friend’s point on individuals.

[Sammy Wilson (East Antrim) (DUP)]

The report indicates that, so arrogant were some bank workers, they treated themselves as masters of the universe to whom normal rules of fair play did not apply, which has impacted on banks and their reputations. The banks rather than the taxpayers will pay the fines, as they are required to do, but how will the Minister ensure they do not simply pass on additional charges to customers to recoup the costs?

[Greg Clark]

It is essential that the banks do not do that. They need to be transparent as to the source of the payment to meet the fines—that is essential. Far from those people being masters of the universe, they are culpable of doing a great disservice in falling way short of the standards of behaviour by which most decent people up and down the country would expect to live their lives.