Oral Answers to Questions

Debate between Vince Cable and Lord Hanson of Flint

Thursday 26th March 2015 Commons Chamber

[Mr David Hanson (Delyn) (Lab)]

T8. Over 9,000 people have phoned the RBS telephone helpline on the enterprise finance guarantee scheme. Does the Secretary of State—not the Minister—agree that whoever holds his position after the election should order an urgent investigation into the use of the enterprise finance guarantee scheme by RBS?

[Vince Cable]

That process is already under way. I have met representatives of RBS to discuss it. They have acknowledged that there are failings in the way in which they operated the scheme, and they have given assurances that anyone who was a recipient of the loan and who has been disadvantaged by the way RBS handled it will receive recompense.

Oral Answers to Questions

Debate between Vince Cable and Lord Hanson of Flint

Thursday 11th September 2014 Commons Chamber

[Mr David Hanson (Delyn) (Lab)]

Does the Secretary of State accept that companies such as Airbus, which is close to my constituency and which employs thousands of people, are successful and competitive because they work with German, French and Spanish colleagues to produce world-class planes? Does he agree that it is therefore essential that we remain part of a Europe-wide Union to ensure that we remain competitive?

[Vince Cable]

The right hon. Gentleman is absolutely right. The Airbus factory in north Wales is an extraordinarily impressive part of British manufacturing. Most of us who have been there have been overwhelmed by the quality of its work. He is right that it is a European company and that it could not operate on any other basis than as a European network. Another key factor in its success has been the industrial strategy and the support that it receives through the aerospace growth partnership.

Royal Mail

Debate between Vince Cable and Lord Hanson of Flint

Tuesday 1st April 2014 Commons Chamber

[Vince Cable]

Yes indeed, and as I pointed out there were some extremely embarrassing episodes of asset sales under the previous Government and we have learned from their experience.

[Mr David Hanson (Delyn) (Lab)]

Given that the Secretary of State has confirmed that fewer than 700,000 people now own shares in Royal Mail, at a vastly inflated price, does he at least understand why the other 69 million of us in Britain feel a bit ripped off?

[Vince Cable]

Many of the other 69 million have policies with the leading pension funds and insurance companies, which were the long-term institutional investors in which these companies are now invested, so there is actually a much wider benefit. We have repeatedly made the point that had the flotation failed, the rest of the population would have been up for the losses.

National Minimum Wage

Debate between Vince Cable and Lord Hanson of Flint

Wednesday 15th January 2014 Commons Chamber

[Vince Cable]

Those countries have had a variety of Governments, both left-wing and right-wing. I was simply making the point that it is possible to have a perfectly viable system without a national minimum wage. I agree with the hon. Gentleman that in practice what is needed is either a strong system of trade union rights or a national minimum wage. We have now all accepted that the national minimum wage is the best system. I think all the minority parties accept that, too.

[Mr Hanson]

I am grateful to the Secretary of State for giving way. Does he accept that enforcement, as well as the fine, is important? Currently, the national minimum wage is enforced only by Her Majesty’s Revenue and Customs. Will he give serious consideration to supporting giving local councils the power, as they now have on trading standards, to enforce the minimum wage locally?

[Vince Cable]

As the right hon. Gentleman says, the primary authority is HMRC, but it works with other agencies to enforce the national minimum wage. There are some important cases where HMRC has worked with local authorities—I think with Blackpool council and others—to enforce it in areas where we have sensed there is a systematic weakness.

Oral Answers to Questions

Debate between Vince Cable and Lord Hanson of Flint

Thursday 5th December 2013 Commons Chamber

[Vince Cable]

The hon. Lady will find that the trend in Government procurement is very much on track to meet the 25% target for small business. It is much more difficult with devolved bodies, such as health authorities and local government, but we are working on that with the relevant Departments.

[Mr David Hanson (Delyn) (Lab)]

Less than seven days ago, the Secretary of State said to a small business forum in Bath that solar energy

“had a part to play in powering the nation”.

Will he tell me whether Government is actually joined up, given that small businesses in my constituency are complaining to me about the cuts announced yesterday?

[Vince Cable]

Enormous numbers of homes use solar power. The major technological advances in that area are driving down costs. We need to see that happen across renewable energy. The Government of course had to cut the subsidy when it became clear that the industry was more sustainable.

Oral Answers to Questions

Debate between Vince Cable and Lord Hanson of Flint

Thursday 24th October 2013 Commons Chamber

[Vince Cable]

We are totally committed to that task. Under the red tape challenge—the one in, two out system that my colleague the Minister of State, Department for Business, Innovation and Skills, the right hon. Member for Sevenoaks (Michael Fallon) is leading admirably—we estimate that we have probably already saved business about £1 billion a year, and there is a commitment to extend that process.

[Mr David Hanson (Delyn) (Lab)]

What discussions has the Secretary of State had with his Government colleagues about the impact of energy prices on small businesses? Does he support the Prime Minister’s call for a cut in green taxes? Does he support the call by my right hon. Friend the Member for Doncaster North (Edward Miliband) for a price freeze? Does he support Sir John Major’s call for a windfall tax? Or is he in favour of doing nothing at all?

[Vince Cable]

We have made it clear that doing nothing is not an option. We fully understand the implications of rising energy costs for business, particularly energy-intensive businesses. We have framed compensation arrangements and payments have already been made under the European Union emissions trading scheme, and state aid approval is now being sought for compensation for the carbon price floor for energy-intensive companies.

Royal Mail

Debate between Vince Cable and Lord Hanson of Flint

Wednesday 10th July 2013 Commons Chamber

[Vince Cable]

I believe that my hon. Friend’s experience was with the National Freight Corporation, which was one of the many successful privatisations that nobody would dream of reversing. He makes the specific point that there are major opportunities for Royal Mail in international trade through logistics. That market is now opening up. One of our central objectives in the single market negotiations is to lift the barriers to e-commerce, and Royal Mail has the potential to benefit substantially from that, provided it invests substantially. This action will enable it to do that.

[Mr David Hanson (Delyn) (Lab)]

Is the Secretary of State able to give a guarantee that, if this proposal proceeds, my constituents in rural north Wales will pay exactly the same for a stamp as constituents in Westminster?

[Vince Cable]

Yes, of course, and the right hon. Gentleman should know that because he voted through the legislation to provide that guarantee.

Oral Answers to Questions

Debate between Vince Cable and Lord Hanson of Flint

Thursday 13th June 2013 Commons Chamber

[Vince Cable]

I totally agree with my hon. Friend. We wish to work with employees, and particularly the union that represents them. My colleague the Minister of State, the right hon. Member for Sevenoaks (Michael Fallon), and I have regular conversations with that union, and wish it to be positively engaged with the share sale process.

[Mr David Hanson (Delyn) (Lab)]

Will the Secretary of State tell the House how much will be paid in commission to banks or handling agencies for the sale of those shares to people who are buying things that they actually already own?

[Vince Cable]

The process will be competitive, as is right, and designed to achieve value for money for the taxpayer. As the right hon. Gentleman will know, it is practice to enclose details of those fees in the prospectus, and he will see that in due course.

Budget Resolutions and Economic Situation

Debate between Vince Cable and Lord Hanson of Flint

Thursday 21st March 2013 Commons Chamber

[Vince Cable]

I remain a champion of the mansion tax and will continue to champion it with my colleagues on the Liberal Democrat Benches. The Chancellor is going to consult on how this major reform to the housing market will be implemented. We recognise that there are many complex products in the mortgage market. For example, many parents support their children’s housing acquisitions. Those kinds of transactions have to be properly analysed before the scheme is launched.

[Mr David Hanson (Delyn) (Lab)]

I will be going back to my constituency tonight and would like to give the Budget a fair wind if I could. Will the Secretary of State therefore confirm that the scheme will not apply to second homes or to people who can afford to provide such a subsidy themselves?

[Vince Cable]

As I said a few moments ago, there are two schemes. The first, which is the development of a scheme that is already operating, most emphatically does not apply to second homes. The major mortgage guarantee scheme is complex and the Chancellor will consult on how to draw the boundaries around eligible mortgages.

Sunday Trading (London Olympic Games and Paralympic Games) Bill [Lords]

Debate between Vince Cable and Lord Hanson of Flint

Monday 30th April 2012 Commons Chamber

[Vince Cable]

All the interventions so far have made a clear distinction between a temporary exception and a permanent change. I know that the hon. Gentleman feels strongly about the need for a permanent liberalisation, and there may be others in the House who do so too, but they will have to make that case separately, should an opportunity arise. This Bill does not reflect on the argument for a permanent change.

[Mr David Hanson (Delyn) (Lab)]

I share the concerns expressed about the way in which the work force will be treated, but I want to turn the Secretary of State’s attention to the economic argument. I have received representations from those running small convenience stores in my constituency who have told me that the extra hours will simply mean the larger stores—the main supermarkets—hoovering up any extra business, thereby damaging the smaller stores’ marginal profits in that period. Has the Secretary of State taken that into account in his economic assessment of the benefits of the Bill?

[Vince Cable]

Yes, we have indeed taken into account the Association of Convenience Stores, which has submitted some impressive evidence. The point that we have made back is that it is not simply a question of switching demand from one type of shop to another; rather, there will be substantial additional shopping and other activity. We believe that there will be net benefits, although they are very difficult to quantify.

Oral Answers to Questions

Debate between Vince Cable and Lord Hanson of Flint

Thursday 27th October 2011 Commons Chamber

[Vince Cable]

I would certainly be happy to visit Markham Vale at some point and talk those things through with the hon. Gentleman. His area has a local enterprise partnership and has had an opportunity to put in a bid for an enterprise zone or the regional growth fund. I do not know what it has done, but I am certainly happy to talk to him.

I know that the hon. Gentleman is a long-standing Member and I am sure that he has followed the changes in attitudes towards manufacturing in this House under different Governments. He will be interested in the leader of the Labour party’s new distinction between “predators” and “producers”. What is troubling a lot of us on the Government Benches is why a party of dinosaurs is so opposed to predators. Perhaps the hon. Gentleman can explain.

[Mr David Hanson (Delyn) (Lab)]

Companies in my constituency that manufacture construction products, quarry materials for concrete or build materials for the construction industry have very much welcomed the plan announced by my right hon. Friend the Member for Morley and Outwood (Ed Balls) to bring forward infrastructure projects in order to increase employment and build manufacturing capacity in the United Kingdom. Given falling growth and rising unemployment, would it not be prudent for the Business Secretary to support that plan?

Department for Business, Innovation and Skills (Performance)

Debate between Vince Cable and Lord Hanson of Flint

Wednesday 2nd February 2011 Commons Chamber

[Mr David Hanson (Delyn) (Lab)]

The right hon. Gentleman says that he is concerned about the approach of business to the deficit issue. Does business support the VAT increase, which the right hon. Gentleman himself opposed during the general election?

[Vince Cable]

Business—the CBI and all other businesses —has made it absolutely clear that it supports the tough action necessary for debt reduction. What Sir Richard Lambert went on to say was:

“Spending cuts do less damage to employment and growth…than do tax increases.”

I think that provides a very convincing answer to the right hon. Gentleman.

Higher Education Fees

Debate between Vince Cable and Lord Hanson of Flint

Thursday 9th December 2010 Commons Chamber

[Vince Cable]

When I became Secretary of State, I invited Lord Browne to make two adaptations to the terms of reference that he had undertaken under the previous Government. The first thing that I asked him to do was to see how we could make the existing system of graduate payments more progressive and more related to future graduates’ ability to pay. He undertook to do that, and we have done further work to develop the progressivity of the system. As a result, the Institute for Fiscal Studies was able to conclude that the package that we have produced is more progressive than the existing system and more progressive than the Browne report. Concretely, what that means is that just a little under 25% of all future graduates will pay less than they do under the current system that we inherited from the Labour Government.

[Mr David Hanson (Delyn) (Lab)]

rose—

[Barry Gardiner (Brent North) (Lab)]

rose—

Industry (Government Support)

Debate between Vince Cable and Lord Hanson of Flint

Wednesday 16th June 2010 Commons Chamber

[Vince Cable]

I do not know whether the hon. Lady was reading the newspapers when she was campaigning for election to this House, but there was a major sovereign debt crisis emerging in Europe. [Hon. Members: “Oh, come on!”] Well, I am sorry, but the gasps from Opposition Members suggest how utterly and completely out of touch they are with the realities of financial markets. We are talking about a very serious crisis, and the Government had to respond to it, as other Governments are doing now.

I congratulate the Opposition spokesman on being honest enough to acknowledge, in a rare departure from tradition, that he had been forward in accepting the need for cuts. Those on the Benches behind him who are so anxious about early cuts need to be aware—the Institute for Fiscal Studies pointed this out—that the previous Government were already engaged in a fiscal tightening of £23 billion for this financial year. We are now being accused of making cuts in the current circumstances, but the previous Government were planning that too.

That was on the record, and it was not just a theoretical abstraction; rather, many of us saw it happening. It happened in the Department for Business, Innovation and Skills, which the right hon. Member for Wolverhampton South East was responsible for. Lord Mandelson was the first Minister to put his Department forward for early cuts, which was why, in the run-up to the election, I attended a meeting of further education college lecturers in my constituency, 70 of whom were going to be made redundant. The reason for that was that those early cuts, introduced by the right hon. Gentleman, were working their way through to the front line of teaching. I then went to one of the leading science laboratories in my constituency, where 40 members of staff were being made redundant because of cuts made by the right hon. Gentleman and Lord Mandelson this financial year, so please let us not have any more of this pious nonsense about early cuts.

[Mr Hanson]

Whatever may or may not be the case with regard to early cuts, one decision that the previous Government did make was on contracts signed between 1 January and the election involving Vauxhall at Ellesmere Port, Airbus, Sheffield Forgemasters and many others. Will the right hon. Gentleman tell the House when he is going to decide whether those grants can proceed, in order to end the blight on those industries?

[Vince Cable]

If I get fewer interventions, I will be able to get to that point shortly. I am trying to develop the argument and respond to the perfectly valid points that the Labour spokesman made.