Oral Answers to Questions

John Bercow Excerpts

Thursday 2nd February 2012 Commons Chamber

[Pat Glass (North West Durham) (Lab)]

Higher education applications in this country have collapsed, although not across the board—I think applications to Oxford, Cambridge and Durham have increased. However, in the universities that ordinary people go to, they have collapsed.

[Mr Speaker]

Order. With reference to the red tape challenge.

[Pat Glass]

I just wanted to ask a question about—

[Mr Speaker]

The hon. Lady will have her opportunity another time.

[Ian Austin (Dudley North) (Lab)]

Nobody disputes that unnecessary regulation and red tape have to be dealt with, but Government Members are deluding themselves if they think that is the central issue, when unemployment is at record levels and the economy has ground to a halt. Every time I go to meet a successful manufacturing company that has orders waiting and wants to take on new staff, I am told that the central problem is the lack of finance. Instead of trying to pursue this issue, the Minister should be concentrating on getting money from the banks to manufacturers so we can get the economy moving and they can take on more staff.

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[Mr Nicholas Brown (Newcastle upon Tyne East) (Lab)]

rose—

[Mr Speaker]

Order. The right hon. Gentleman is being saved up for later. It would be a pity to waste him at such an early stage in our proceedings.

[Ian Murray (Edinburgh South) (Lab)]

You can waste me first, Mr Speaker.

The Secretary of State will be aware of the performance targets set down in the Project Merlin agreement. One of the agreed measures to determine the bonuses of bank chief executives was to examine whether banks were providing the promised credit to businesses and, in particular, to small and medium-sized enterprises. The agreement also clearly stated that there would be no rewards for failure. Why, then, did the Government wave through the bonus for the Royal Bank of Scotland chief executive before the Bank of England had published the annual Project Merlin lending figures?

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[Neil Parish (Tiverton and Honiton) (Con)]

To get to the dizzy heights of executive pay, one must first get a job. What are Ministers doing to reduce the red tape and bureaucracy relating to apprenticeship schemes for small and medium-sized businesses?

[Mr Speaker]

That question is fascinating, but sadly it bears absolutely no relation to the question on the Order Paper, so the hon. Gentleman should keep it for the spring, or some other suitable time.

[Mr George Mudie (Leeds East) (Lab)]

In view of the Secretary of State’s answers, will he assure the House that he has made representations to the Chancellor and United Kingdom Financial Investments Ltd to make sure that in the RBS last year’s practice of giving 323 bankers bonuses in excess of £1 million is not repeated, and that the anticipated payment of £4.5 million to John Hourican, a senior banker in RBS, does not go ahead?

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[Miss Anne McIntosh (Thirsk and Malton) (Con)]

Has the Business Secretary had the opportunity to assess the implication of the growing places fund for infrastructure projects such as that relating to the A64 in North Yorkshire? What criteria will apply to selecting such projects, and how can we guide the local enterprise partnership in the right direction?

[Mr Speaker]

Order. I know that the Secretary of State’s reply will relate to economic growth and business confidence.

[Vince Cable]

That infrastructure fund, which relates specifically to small projects, has proved very valuable and the local enterprise partnerships have an important role in working up those projects. There are set criteria, of which they are well aware, that they must meet.

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[Mr Hayes]

As I said, the investment in apprenticeships is critical. No one doubts that construction industry apprenticeships are vital to building the skills the industry needs. I just want to say that no Member of the House has been more doughty in championing the interests of business in his constituency than my hon. Friend. He personifies our determination to boost skills, improve our prospects and build recovery.

[Mr Speaker]

I am sure the hon. Gentleman is very grateful for the Minister’s tribute.

[Tristram Hunt (Stoke-on-Trent Central) (Lab)]

16. What assessment he has made of the effect of higher tuition fees on the level of university admissions in the next academic year.

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[Mr Willetts]

I thank the hon. Lady for the advance notice of her question. Contrary to the stories of collapse and disaster, we believe that the fact that applications have fallen only by 1% is evidence that the message that students do not have to pay is getting across, and this summer I shall once more sadly be in the position of having to explain why young people applying to go to university do not have a place. In other words, we have succeeded in explaining the truth about our proposals, contrary to the misleading allegations of the Opposition.

[Mr Speaker]

I know that the Minister will not be suggesting that any Opposition Member has misled the House. I am sure he is referring to activity outside the House.

[Mr Willetts]

indicated assent.

[Mr Speaker]

I am extremely grateful for that ministerial head-nod, if I can put it that way.

[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

Will my right hon. Friend the Minister join me in reassuring my constituents that, unlike the views of the Opposition, under our scheme a top-quality university degree will actually cost them only £30 a month when they are earning £25,000 a year?

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[Several hon. Members]

rose—

[Mr Speaker]

Order. There is unsatisfied demand, as tends to be the case. I am sorry to disappoint colleagues, but we must now move on.