Energy (oil and gas) profits levy
Debate between Victoria Atkins and Simon Hoare(1 year, 5 months ago)
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The Financial Secretary to the Treasury (Victoria Atkins)
It is a pleasure to be at the Dispatch Box to respond to the many powerful and passionate contributions made by my right hon. and hon. Friends and the sometimes incorrect contributions made by other hon. Members, and it is a genuine privilege to wind up on behalf of the Government in support of the autumn statement. We have discussed and debated many aspects of the autumn statement. We have heard some passionate and clear analyses of the situation in our constituencies as well as nationally and internationally, and of the state of the economy at home and around the world.
The autumn statement sets out our ambitions for stability, growth and public services. We say that it is a balanced plan: on the one hand, it will strengthen our public finances, bring down inflation and protect jobs, and on the other hand, it will protect standards in schools, cut NHS waiting times, fund social care, cap energy bills and support those on benefits. We have been frank, however, that that has been difficult. We as a Government are prepared to take those decisions in the country’s best interests. There is no question but that these are challenging times, but neither the origins nor the impacts are unique to this country.
To correct some Opposition Members, the independent Office for Budget Responsibility has said that the fall in living standards is almost entirely driven by rising world prices. We can see the evidence in the international figures. Inflation is high here, but it is higher in Germany, the Netherlands and Italy. My hon. Friend the Member for Hitchin and Harpenden (Bim Afolami) explained the terrible impacts that inflation can have and my hon. Friend the Member for Wantage (David Johnston) made the critical point that inflation hurts the poorest the most. That is precisely why the Government’s No. 1 priority is to tackle inflation.
Interest rates have risen here, but they have risen more quickly in the United States, Canada and New Zealand. My hon. Friend the Member for Newbury (Laura Farris) reminded the House that the Governor of the Bank of the England gave evidence to the Treasury Committee this week and said that the disruption in the mortgage market caused by the mini-Budget had subsided—indeed, that it subsided in mid to late October. I am grateful to her for that reminder.
Growth forecasts have fallen here, but they have also fallen elsewhere in the world, including falling further in Germany. The OBR says that higher energy prices explain the majority of the downward revision in cumulative growth since March. Governments do not have the luxury of choosing the context in which they must operate. Indeed, the IMF expects one third of the world’s economy to be in recession this year and next. The job is to understand what we face, address those issues deliberately and responsibly on behalf of the communities we serve and then deliver that action, and that is exactly what we are doing.
Simon Hoare (North Dorset) (Con)
Does the Minister agree with me that the measures set out in the statement and under discussion over these last few days will mean that, when the international economy and our own start to improve, we will be in a far better place to reap the benefits of that global economic improvement than if we were just to sit here, twiddle our thumbs and pretend that everything was okay?
Victoria Atkins
My hon. Friend is absolutely right. Indeed, the OBR—the independent OBR—again confirms that because of our plans the recession is shallower, and inflation is reduced because of these very difficult decisions we have taken. Unemployment is also lower, with about 70,000 jobs protected as a result of our decisions.
Oral Answers to Questions
Debate between Victoria Atkins and Simon Hoare(5 years, 11 months ago)
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Simon Hoare (North Dorset) (Con)
The Minister for Women (Victoria Atkins)
Diversity is good for business. Organisations with the highest level of gender diversity in their leadership teams are 15% more likely to outperform their industry rivals. There are now no all-male boards in the FTSE 100, compared with 21 such boards in 2011, and the percentage of women on FTSE 350 boards has more than doubled since 2010. However, we know that there is more to do, which is why we commissioned the Hampton-Alexander review to improve female representation at the most senior levels in business.
Simon Hoare
Clearly, progress is being made, but in thanking my hon. Friend for her answer, may I ask how the Government are engaging positively with our business community to help meet the important Hampton-Alexander goals?
Victoria Atkins
I thank my hon. Friend, who has taken a long interest in diversity matters. Indeed, he is meeting the Under-Secretary of State for Business, Energy and Industrial Strategy, my hon. Friend the Member for Burton (Andrew Griffiths), this afternoon to discuss this topic. The Government-backed Women’s Business Council’s recent toolkit, “Men As Change Agents”, calls on FTSE 350 chief executive officers to embrace three asks to deliver the required pace of progress, including sponsoring women from within their organisation with the potential to secure an executive role within three years. My hon. Friend is keen to be an agent of change, and I welcome his support and that of other male colleagues in driving the progress that we all want to see.
Local Government Funding: Rural Areas
Debate between Victoria Atkins and Simon Hoare
Simon Hoare (North Dorset) (Con)
It is a great pleasure to follow the hon. Member for Workington (Sue Hayman), who said not a word with which I could possibly disagree, and who underscored in not only what she said, but how she said it, the point my hon. Friend the Member for Beverley and Holderness (Graham Stuart)—I thank him, on behalf of everyone in the House, for securing the debate—made in his opening speech: this is not a debate about party politics or affiliation; it happens to be a debate about geography. It is a debate about something that we would all hope underpins everything that any Government do: to strive for equity and fairness.
As a new Member of the House, I rise more in sorrow than in anger. I am disappointed that I find myself incredulous about the proposals that has been outlined for my county of Dorset. I have a bit of form in this regard. About nine years ago the leader of West Oxfordshire District Council—I lived there at the time—called me up and asked me to join his executive committee. I said yes, but I thought to myself, “So long as it has nothing to do with finance.” He then asked me to take the resources portfolio, so for seven years I struggled with the budget. We were all very sensible about it, as I believe most local government—particularly, though not exclusively, Conservative local government—has been in helping the Government of the day respond to the pressing financial challenges and the huge black hole in our national finances. Therefore, those of us who rise with concern about this settlement do so not like an ostrich with its head in the sand—we are not ignorant of the pressures on the Treasury—but because we are keen to ensure equity and fairness for our constituents.
Victoria Atkins
Will my hon. Friend allow me to demonstrate exactly what he has just said by giving the example of East Lindsey District Council? It is a Conservative council that has tried to look ahead and has planned and saved because it suspected that central Government would make funding decisions that would lead to a lower allocation. Those in the council have done their best, but with the latest funding settlement they are holding their heads in their hands and asking what more they can do.
Simon Hoare
My hon. Friend is absolutely right. She sets out a repeating pattern of change and evolution that we have seen in local government, and my hon. Friend the Member for The Cotswolds (Geoffrey Clifton-Brown) will know of the work that his council did with my old council. Let me give an example of what North Dorset District Council has done. It is a low-spending, low-taxing, Tory-controlled, rural shire district council. It has been on its efficiency journey for well over 10 years, during which time it has developed a mixed economy of services, transferring some services to community groups and town councils. For example, Blandford Forum Town Council chips in £50,000 for the running of the town’s leisure centre, which just a few short years ago was the sole preserve of North Dorset District Council. It has transferred other services to commercial operators. Its final asset—the last jewel in its crown—is the council office site, and it has already agreed to dispose of that as part of its survival campaign.
North Dorset District Council is part of the Dorset councils partnership, which is the only tri-council model in the country, covering the constituencies of my right hon. Friend the Member for West Dorset (Mr Letwin), my hon. Friend the Member for South Dorset (Richard Drax) and myself. We share a chief executive, a senior leadership team and staffing with two other local councils. When the district council started this journey we had 300 members of staff, and we now have 100. This is not about arguing for the status quo; it is about arguing for fairness.