Savings (Government Contributions) Bill

Debate between Seema Malhotra and Gareth Thomas

3rd reading: House of Commons & Report stage: House of Commons
Monday 12th December 2016 Commons Chamber

[Mr Thomas]

My hon. Friend makes an important point. We need much more ambition for credit unions and for financial mutuals and co-operatives more generally. I am thankful for his intervention.

Ministers claimed in Committee that a multiple provider model for Help to Save would not offer value for money, yet as far as I can see they have produced no costings to justify that claim. It is not as if Ministers are dealing in the case of NS&I with a private company demanding an exclusive arrangement as it feels threatened by the competition that credit unions can offer. NS&I is a state-owned bank, effectively, and is responsible to the Treasury. Indeed, I understand that the Minister responsible is the Economic Secretary to the Treasury, who is also responsible for policy on credit unions. NS&I has some 25 million customers and £135 billion in assets. By comparison, credit unions across the UK have £1.37 billion in assets, less than 1% of the value of NS&I’s investments. In short, credit unions are no threat to NS&I.

NS&I is under the control of the Treasury, as I have said, and it is in Ministers’ hands, or it was until the start of the House’s proceedings on this issue. The House now has the opportunity to decide whether credit unions should be allowed to offer the Help to Save scheme.

[Seema Malhotra (Feltham and Heston) (Lab/Co-op)]

I thank my hon. Friend for giving way, and I am delighted to serve as a Labour and Co-operative MP alongside him. Does he agree that allowing such diversity is important in helping to change behaviour? Many of the issues with savings are about cultural attitudes, and having ways to reach out to communities that might not have engaged in such behaviour is an important part of changing the savings culture in this country.

[Mr Thomas]

My hon. Friend makes a good point, and I hope to deal with it a little more in due course. She is right that credit unions have scope to reach out to more of the 3.5 million people Ministers want to assist through the Help to Save scheme, whom NS&I might not be best placed to help.

Credit unions are not-for-profit financial co-operatives, owned and controlled by their members. They are, I would argue, more uniquely exposed to low and middle- income financial services markets and are used to offering financial services to those who are often excluded from other better known sources of finance. They provide safe savings and affordable loans, with some credit unions offering other products, such as current accounts, individual savings accounts and mortgages.

Nepal Earthquake: First Anniversary

Debate between Seema Malhotra and Gareth Thomas

Monday 25th April 2016 Commons Chamber

[Mr Thomas]

I join the hon. Gentleman in paying tribute to the many charities, small and large, that have assisted. I want to draw particular attention to the contribution that many from Britain made to the search and rescue effort once reports of the earthquake had become clear, and to pay tribute to the work of NGOs such as the excellent Oxfam, Save the Children, VSO and Christian Aid, which have responded. CAFOD is another strong example of an international NGO operating in Nepal.

[Seema Malhotra (Feltham and Heston) (Lab/Co-op)]

This is indeed a very important day to remember what happened last year. A few weeks ago, I visited Nepal with my constituent Bishnu Gurung, who raised a significant amount of funds in Hounslow, along with fellow Councillor Hanif Khan, to support the work of Humanity First. Does my hon. Friend agree that, as well as looking at the reconstruction, it is absolutely vital to rebuild the economy of Nepal—its GDP growth dropped to about 1.5% rather than the forecast 4%—and we need to do much more to open up trade relations and to build Britain-Nepal trade opportunities?

[Mr Thomas]

My hon. Friend makes a good point about trade links. Encouraging economic growth within Nepal was important before the earthquake, given the fragility of life for many Nepalese people, but it is particularly urgent now in the wake of the earthquake. World Bank and Government of Nepal analysts estimate that the total cost of the damage from the earthquake is roughly $7 billion, or 706 billion Nepalese rupees.

With the exception of the Kathmandu valley, the central and western regions that have been affected by the earthquake are essentially rural and heavily dependent on agriculture. The quake destroyed the stockpile of stored grains and killed almost 60,000 farm animals. These districts have tended to see larger numbers of households reliant on livestock as their main, or one of their main, sources of income. The widespread loss of that livestock has caused a severe income shock in the short term for many already very poor families. Sadly, inevitably for vulnerable families with fewer assets, limited access to economic resources and a lack of alternative livelihoods, there is a heightened risk of sexual and gender-based violence, human trafficking, child marriage, and child labour. Indeed, I have had representations from Nepalese constituents of mine worried about an increase in the trafficking of young earthquake victims.

If a major earthquake was not tough enough on its own for a country to negotiate, there has been a major cross-party effort to agree a new federal constitution for Nepal. That was finally agreed in January, but it led to a 135-day unofficial blockade of food and fuel across the India-Nepal border, which has made the reconstruction effort even more difficult. It would be helpful to hear the Minister’s assessment of the level of political stability in Nepal and the strength, or otherwise, of its relationships with its two big neighbours. The tensions have, I understand, eased recently. Crucially, the Nepal Reconstruction Authority has been established, which began its work on 16 January.

European Union (Referendum) Bill

Debate between Seema Malhotra and Gareth Thomas

Friday 8th November 2013 Commons Chamber

[Mr Thomas]

I hope to come to the amendments on the possibility of giving 16 and 17-year-olds—some of whom may be looking forward to a career in Toyota—the right to vote. Let me clarify that I do not read the Derby Evening Telegraph. I happen to think that the Harrow Observer and the Harrow Times are the better newspapers to read.

[Seema Malhotra]

I could, of course, introduce the Hounslow Chronicle to the competition, but I will refrain from doing so.

On extending the franchise to 16 and 17-year-olds, does my hon. Friend agree that they should have a say in this incredibly important debate and referendum, given the importance of the stability of the UK economy for their future? Roughly half the European headquarters of non-EU firms are based in the UK—more than most other countries put together. This issue will have a tremendous impact on youth unemployment and potential jobs in the future.

--- Later in debate ---

[Mr Thomas]

My hon. Friend makes a good point and, in a moment, I will come to an even more bizarre twist related to the Scottish referendum and the rights of 16 and 17-year-olds.

I cannot be alone in having received letters and e-mails over the past few weeks from young people who are undertaking their citizenship coursework. I have received petitions on such meaty topics as euthanasia, homelessness and child poverty, and each time I have been struck by how well informed and engaged young people are with some of the big issues facing the country. If Conservative Members are to be believed, Europe is the single biggest of those issues.

[Seema Malhotra]

Does my hon. Friend agree that sending a positive message today about votes for 16 and 17-year-olds would be timely given that the UK Youth Parliament will be sitting in the Chamber next week and discussing a range of matters, including votes at 16 and 17?

[Mr Thomas]

My hon. Friend makes a good point. If the Home Secretary were to endorse the idea of 16 and 17-year-olds taking part in any referendum under the Bill, that would send a great message about the potential for them to take part in all our elections in future.

--- Later in debate ---

[Mr Thomas]

My hon. Friend makes an interesting point, and perhaps I could encourage him to have a further conversation outside the Chamber with my hon. Friend the Member for Huddersfield (Mr Sheerman). By including 16 and 17-year-olds in a debate, we would be involving in this discussion about a referendum an often passionate voice. If this issue is of such importance, as Conservative Members seem to believe, should not those with their lives ahead of them and those facing the particular challenges I have outlined—jobs, university fees and so on—have their voice heard too? Without the amendment tabled by my hon. Friend the Member for Ilford South, 16 and 17-year-olds will be excluded.

[Seema Malhotra]

Will my hon. Friend give way?

[Mr Thomas]

Let me make a little progress. There is an old adage that young people grow up too quickly these days, but I think we must consider fairly the responsibilities that already rest on some young shoulders at 16. Young people are old enough to go to work, join our armed forces and have children—they even have to pay full fare on the bus unless they are still in full-time education. If they earn enough, they have to pay tax. With all those responsibilities, we suggest that they should also have the right to vote and have their say along with the rest of the country in any elections and referendums.

Metropolitan Police Service

Debate between Seema Malhotra and Gareth Thomas

Wednesday 6th February 2013 Westminster Hall

[Mr Thomas]

My hon. Friend makes a very good point based on her own constituency experience. I suspect that, as I do, she feels that the cut in the number of PCSOs is noticed in her borough, as it certainly is in mine, and I suspect that it is also felt more widely across London.

By comparison with 2010, when Members last faced the people to ask for their support, there will be considerably fewer sergeants in London by 2015. Some estimates suggest that 1,300 sergeants will be axed. Inspectors and chief inspectors are also going, and superintendents’ numbers are likewise being cut. In short, the positions occupied by experienced police officers are being axed. The Mayor’s plan describes those positions as “supervisory grades”. In truth, those roles, and crucially the experience and skill mix of the senior staff occupying them, are fundamental to the effective pursuit of the criminal, the passage of the accused through the legal process and the sensitive support of the victim.

[Seema Malhotra (Feltham and Heston) (Lab/Co-op)]

Does my hon. Friend agree that the experience of those officers who have had many years in the police is vital for the coaching and support of officers who are new to the service? I have noticed in my own constituency the difference that that coaching and support has made, particularly in areas of Feltham and Heston that suffered a large number of burglaries before Christmas. The advice that those more experienced officers were able to give to PCSOs who were on the front line was vital.

[Mr Thomas]

My hon. Friend makes an extremely important point about the value that experienced police officers bring to the coaching of new recruits. It is worth noting in passing that the Mayor’s plan envisages specialist crime squads at borough level—such as local burglary, town centre or robbery squads—essentially being raided for staff, who will then be redeployed. So we sense that, as my hon. Friend suggests, a huge amount of vital experience is set to be lost to the Met when it is still needed.

It would be good to hear from the Minister what discussions he has had with the Mayor and the Association of Chief Police Officers staff in the Metropolitan police about how the cuts that I have described will also impact on national efforts to confront organised crime, or how cuts in the positions occupied by experienced police officers and the movement of staff from specialist units will impact, for example, on the work of Operation Trident. It certainly prompts the question how cuts in the Met will impact on its ability to support the UK Border Agency in its efforts to track down, arrest and deport illegal immigrants.