Oral Answers to Questions

Debate between Seema Malhotra and Michael Fallon

Thursday 10th April 2014 Commons Chamber

[Michael Fallon]

I congratulate Waste Spectrum and the Worcester ambassadors, and I thank my hon. Friend for his work to promote trade with China. I know he visited China with the trade mission and was involved with an inward delegation from China, and understand that he is planning to visit China again. We need to thank him for his work in promoting links with that particular country.

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

Yesterday I held a meeting with a range of British businesses on their experience of support for trade in India. They did not have a good story to tell about the signposting and advice of UK Trade & Investment and other agencies. Is the Minister concerned about UKTI’s budget plans and the support that it provides if the experience of British businesses is not positive?

[Michael Fallon]

I am sorry to hear that. If the hon. Lady lets me have the details, I will certainly ensure that that is followed up with UKTI. We have allocated a bigger budget to UKTI and it has sharpened its focus. If there are improvements that we can make to the service that UKTI offers, I would be happy to consider them.

Oral Answers to Questions

Debate between Seema Malhotra and Michael Fallon

Thursday 23rd January 2014 Commons Chamber

[Michael Fallon]

Yes. The purpose of the sale was to enable Royal Mail to have access to private capital so that it would not be dependent on the taxpayer for ensuring the successful delivery of the six-day-a-week universal service on which we and all our constituents rely.

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

6. What steps he is taking to support women in business.

Oral Answers to Questions

Debate between Seema Malhotra and Michael Fallon

Thursday 8th November 2012 Commons Chamber

[Michael Fallon]

Instructions to contracting authorities emphasise that the assessment of financial risk should be based on a business judgment, not on a purely mechanistic application of financial formulae such as value of turnover or three years’ accounts, which could unreasonably shut out start-up companies.

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

Small businesses are being held back from expanding and taking on extra workers because they are unable to get the finance they need. This week Dave Fishwick, also known as Bank of Dave, addressed a group of MPs about a model of community banking that has worked in his area. What more could the Government do, particularly given the failure of their Project Merlin scheme, to ensure access to finance and better relationship banking in communities such as mine?

[Michael Fallon]

I am not sure that we need lectures from a party that introduced six new regulations every working day during its 13 years in office. We have cut red tape and business tax. There is an issue with access to finance. That is why we have set up the business bank, the funding for lending scheme, and a range of other schemes. It is now up to the banks to rebuild their relationship networks to make businesses more aware of the appeals mechanism. We are encouraging the British Bankers Association to do that to make sure that the money that the Government and the taxpayer are providing gets through to the companies that need it.

Oral Answers to Questions

Debate between Seema Malhotra and Michael Fallon

Thursday 6th September 2012 Commons Chamber

[Michael Fallon]

I cannot comment on any specific contract that may be up for renewal. Of course, the Post Office has to live in a competitive world, but I will certainly look at what the hon. Gentleman has said.

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

Late payments affect the confidence of SMEs to make purchases and to pay bills and even staff salaries. In this time of a double-dip recession, does the Minister agree that implementing the European Union directive on late payments would be a great help to SMEs?