Oral Answers to Questions

Debate between Vince Cable and Barry Gardiner

Thursday 11th September 2014 Commons Chamber

[Vince Cable]

The hon. Lady is right to say that, particularly given the overall problems with access to finance for small and medium-sized companies, the issue of late payment is crucial and that this is happening on a massive scale. We will, in the course of this Bill, be making it much more transparent how larger companies, in particular, make their payments—we will be helping small companies in that way. I am happy to look at how we can strengthen the code, and indeed we are talking to the Institute of Credit Management about how we can do that.

[Barry Gardiner (Brent North) (Lab)]

Two years ago, figures were released showing that the green economy, although representing only 6% of the wider economy, was responsible for 30% of the growth in the economy. Will the Secretary of State tell us the current figures and, in his new line-up, which Minister has been specifically appointed to be responsible for green economic growth?

[Vince Cable]

There is a green economy group operating through government. I serve on it, together with the Secretaries of State for Environment, Food and Rural Affairs and for Energy and Climate Change—I believe it has Treasury representation on it, too. We put enormous importance on having a green thread in policy and we have taken major initiatives in that respect, notably through renewable energy innovation, supply chain development and the establishment of the green investment bank.

Oral Answers to Questions

Debate between Vince Cable and Barry Gardiner

Thursday 26th June 2014 Commons Chamber

[Barry Gardiner (Brent North) (Lab)]

Every one of the 14 letters that the Governor of the Bank of England has written to the Chancellor explaining why the inflation target has not been met has mentioned the rising input cost of resources. What are the Government doing to tackle the problems of input resource price spikes and to incentivise infrastructure in the circular economy to cope with that?

[Vince Cable]

I think that the hon. Gentleman is referring specifically to energy costs, which has been the main issue in the inflation of raw material inputs. My colleague the Minister of State, my right hon. Friend the Member for Sevenoaks gave a very full answer in explaining the compensation mechanisms that we are introducing to offset them.

Oral Answers to Questions

Debate between Vince Cable and Barry Gardiner

Thursday 6th March 2014 Commons Chamber

[Barry Gardiner (Brent North) (Lab)]

What impact and what offence does the Secretary of State believe have been caused to Jewish and Muslim businesses by the statement from the chief veterinary officer today, threatening to ban the practice of shechita and halal?

[Vince Cable]

I confess that I have not yet absorbed the significance of that statement. We will certainly consider it.

Oral Answers to Questions

Debate between Vince Cable and Barry Gardiner

Thursday 5th December 2013 Commons Chamber

[Vince Cable]

I would be delighted to visit the site, and the mountains, in my right hon. Friend’s constituency. The site to which he refers is extraordinary and in its prime, in the North sea oil boom, it built the largest mobile structure on the planet at 600,000 tonnes. It has great potential, and if this supply chain development takes place, 2,500 new jobs will be created. We want to do everything we can to make that possible, and the announcement yesterday certainly helps. He will know that the Catapult in Glasgow is working on the technology behind offshore wind developments, and we will do everything we possibly can to make sure that Kishorn and other UK ports develop on the back of that rapidly growing industry.

[Barry Gardiner (Brent North) (Lab)]

The Secretary of State speaks of a rapidly growing industry, but the commitment by the Government three years ago was to 40GW of offshore by 2020. The commitment yesterday was for 10GW. Why has that commitment shrunk to 25% of what it was?

[Vince Cable]

The hon. Gentleman seems to have forgotten that Britain has by far the largest offshore wind industry in the world, and under the guarantees that we gave yesterday it now has the incentive to expand—and will do so, both onshore through the supply chain and offshore in the wind farms.

Oral Answers to Questions

Debate between Vince Cable and Barry Gardiner

Thursday 8th November 2012 Commons Chamber

[Vince Cable]

Indeed, I have now been twice to MIRA. It is a magnificent institution and one of the most successful in the UK at promoting advanced technology. MIRA has benefited from the regional growth fund and a successful enterprise zone, and could well expand to become a world-class centre for transport technology.

[Barry Gardiner (Brent North) (Lab)]

The growth of businesses in rural areas is being constrained by the lack of access to broadband. Even where businesses can achieve the Government’s target of 2 megabits, they are finding that that is the download speed, and they are still constrained by the greatly inferior upload speed. Will the Government consider reassessing the 2015 target of 2 megabits?

Green Investment Bank

Debate between Vince Cable and Barry Gardiner

Tuesday 24th May 2011 Commons Chamber

[Vince Cable]

It will indeed do that. As I indicated in my statement, there is what we call a double bottom line. The projects must be commercially attractive, and we have to decide what the rate of return would be. They must be economically viable. They must also, at the same time, make an environmental contribution. Getting that trade-off will not be easy, and it will be one of the important early tasks of the bank. I will undertake to add York to the list of cities looking for such an opportunity.

[Barry Gardiner (Brent North) (Lab)]

I welcome the green investment bank. Will the Secretary of State confirm, however, that the EU Commission has written to the Government expressing its concerns, under state aid rules, that the Government’s proposals in the electricity market reform for contracts for different feed-in tariffs and a floor price for carbon may constitute a subsidy for nuclear? If it has done so, will he make the letter available in the Library?

[Vince Cable]

I cannot confirm that. If the information is available, I am sure we can pursue it in the proper way. As it happens, I met the Competition Commissioner last week and he did not refer to that, but he is alerted to the green investment bank state aid application, and he will deal with it professionally, I am sure.

Higher Education Fees

Debate between Vince Cable and Barry Gardiner

Thursday 9th December 2010 Commons Chamber

[Mr David Hanson (Delyn) (Lab)]

rose—

[Barry Gardiner (Brent North) (Lab)]

rose—

[Vince Cable]

I will give way in a moment.

The second request that I made of Lord Browne was to ask him to look thoroughly at the alternatives, and particularly at the alternative of a graduate tax. Like many people coming fresh to the issue, I thought that the graduate tax was a potentially good and interesting idea, and I wanted it to be properly explored. He reached the same conclusion that the Dearing report reached under the Labour Government and the same conclusion that the shadow Chancellor reached when he had responsibility for this policy. The conclusion was that the pure graduate tax has many disadvantages: it undermines the independence of universities and, most seriously, it is, in the words of Lord Browne, simply unworkable. I am surprised, therefore, that the Leader of the Labour party, after all this experience and independent analysis, has chosen to drive his party down the cul-de-sac of this policy.

Higher Education and Student Finance

Debate between Vince Cable and Barry Gardiner

Tuesday 12th October 2010 Commons Chamber

[Barry Gardiner (Brent North) (Lab)]

At the beginning of his statement, the Secretary of State commended my right hon. Friend the Member for Southampton, Itchen (Mr Denham) for his integrity in resigning from the previous Administration. Given that the Secretary of State has now told the House that he will not honour his pledge, will he show similar integrity?

[Vince Cable]

I was completely sincere, and I commend the decision that the right hon. Member for Southampton, Itchen took. I hope that he will maintain that tradition of integrity by explaining how the Labour Opposition intend to finance higher education.