Oral Answers to Questions

Debate between Vince Cable and Mark Lazarowicz

Thursday 12th February 2015 Commons Chamber

[Vince Cable]

I believe that congratulations are due to the hon. Lady, who has become engaged—perhaps this morning, but certainly recently.

As for procurement and Hinkley Point, the leading contractors have committed themselves to a substantial UK content, and we hope that that extends to apprenticeships. We are endeavouring to frame the pre-qualification questionnaires in such as way that apprenticeship training is encouraged in UK procurement.

[Mark Lazarowicz (Edinburgh North and Leith) (Lab/Co-op)]

Big projects such as Crossrail and HS2 are UK-wide. What steps are the Government taking to ensure that businesses throughout the UK, including small businesses, have an opportunity to benefit from the procurement and Government spending that is associated with that type of work?

[Vince Cable]

I gather that senior politicians, including me, have been queuing to go down into Crossrail to admire its progress. One of Crossrail’s key achievements is to substantially advance apprenticeships and, above all, UK content; there is a wide distribution throughout the UK. If we can replicate the experience of Crossrail with other big infrastructure projects, that would be an admirable step forward.

Student Loans

National Minimum Wage

Debate between Vince Cable and Mark Lazarowicz

Wednesday 15th January 2014 Commons Chamber

[Vince Cable]

Indeed. Admittedly the issue of the living wage is now part of the public debate, and of course I believe that if employers are profitable they should adopt it—particularly if they are taking advantage of their work forces—but we must be clear about the fact that making the living wage mandatory, either directly or indirectly, would have enormous implications for jobs.

[Mark Lazarowicz (Edinburgh North and Leith) (Lab/Co-op)]

Will the Secretary of State give way?

[Vince Cable]

I will give way once more.

[Mark Lazarowicz]

The fact is that millions of workers are now enjoying the living wage because of the actions of local authorities—the vast majority of them Labour-controlled—and progressive employers. Rather than just saying that the living wage is a good idea, should not the Government encourage employers to adopt the living wage through specific measures, such as those suggested by Labour in the motion and in our policies generally?

[Vince Cable]

I have noticed the word “encourage” before. Ministers are being told that they should encourage employers to pay the living wage. I have thought about that: what does it actually mean? It is motherhood and apple pie on one level, but if we take it seriously, what does it mean?

If I encounter a company that is perfectly profitable, particularly if it seems to be taking advantage of its work force, of course I will urge it to pay the living wage, but many companies are on the brink of bankruptcy. Would Members urge them to increase their pay levels substantially in those circumstances? That would be extremely irresponsible. These bland phrases, although they may be superficially attractive, are potentially very dangerous.

Oral Answers to Questions

Debate between Vince Cable and Mark Lazarowicz

Thursday 24th October 2013 Commons Chamber

[Vince Cable]

The hon. Gentleman is right that European state aid restrictions mean that the sectors involved are narrowly defined, and I understand his concern for the nuclear industry supply chain. However, following the announcement of the new reactor this week, and the commitment by the companies involved to provide more than 50% of procurement to British companies, the nuclear supply chain has a really excellent future anyway.

[Mark Lazarowicz (Edinburgh North and Leith) (Lab/Co-op)]

The UK Green Investment Bank has indeed been a success so far and part of its success is in bringing in co-investors from the private sector for projects that it supports. Although I do not expect the Secretary of State to admit this, he will know that the Prime Minister’s announcement yesterday of a review of green taxes has already thrown up uncertainty about long-term investment in the green economy. Does the Secretary of State recognise that if the Government are prepared to give long-term price guarantees to new nuclear, they should also give long-term security to the whole green economy?

[Vince Cable]

I thank the hon. Gentleman for his positive comments. He is absolutely right: for every £1 the UK Green Investment Bank puts in, something in the order of £4 of private funding goes in parallel with it. I agree that if we are going to get long-term investment in renewable energy there has to be stability in policy.

Oral Answers to Questions

Debate between Vince Cable and Mark Lazarowicz

Thursday 18th July 2013 Commons Chamber

[Mark Lazarowicz (Edinburgh North and Leith) (Lab/Co-op)]

This morning the Globe group of parliamentarians held a seminar highlighting the risk of financial instability as a result of the overvaluation of fossil fuel reserves internationally and nationally without taking account of international climate change commitments. Will the Government contact regulators to ensure that they take into account the risks of instability and ensure that we do not see the bursting of a carbon bubble in the way we saw dotcom bubbles burst and other collapses in the markets?

[Vince Cable]

That falls well outside my area of competence, but I have a personal interest in it. One thing I learnt from my years in the oil and gas industry is that it is very unwise to predict movements in the price of oil, whether up or down. The hon. Gentleman raises an important and fundamental question that I am interested in and will pursue if it is relevant to my Department.

Industrial Strategy

Debate between Vince Cable and Mark Lazarowicz

Monday 10th September 2012 Commons Chamber

[Vince Cable]

The hon. Gentleman is absolutely right, but that requires a big cultural change, and that is beginning to happen. We see from university applications this year that engineering was the most popular subject among applicants, which suggests that we have been successful in recognising that engineering is an essential discipline.

[Mark Lazarowicz (Edinburgh North and Leith) (Lab/Co-op)]

The Secretary of State will be aware that there is a plan for a major wind turbine plant in my constituency and that there are major plans for offshore wind turbines off the east coast of Scotland. I therefore welcome what he said to the right hon. Member for Berwick-upon-Tweed (Sir Alan Beith) about support for renewables. However, people in those industries are asking questions about the commitment to the renewables industry of other people in the Government. Will the Secretary of State take this opportunity to dissociate himself from those in the Government who question the role of renewables in our industrial revival?

[Vince Cable]

There is complete support in the Government for what is happening in offshore wind, which is what the hon. Gentleman was describing. I introduced, with the support of my colleagues, a new centre to promote research and development—in Scotland, as it happens—and I was recently in Edinburgh supporting one of the new ventures there. The Government are fully behind the industry, which is building up on the east coast of Scotland and England in particular, taking advantage of the opportunities in the sector, which has enormous potential.

Directors’ Pay

Debate between Vince Cable and Mark Lazarowicz

Wednesday 20th June 2012 Commons Chamber

[Vince Cable]

It is precisely the divergence between those two things that we are endeavouring to correct. My hon. Friend’s point is certainly true of the banking system, where very large salaries and bonuses have come at the expense of dividends. These reforms should help to correct that.

[Mark Lazarowicz (Edinburgh North and Leith) (Lab/Co-op)]

Today’s measures are welcome, but it should not just be a question of trying to stop the upward spiral of excessive directors’ pay; something needs to be done about the current excesses. When this measure comes into effect, will the Secretary of State urge companies to consider existing levels of directors’ pay? If that does not deal with the existing excesses, will he consider returning with other measures to drive them down?

[Vince Cable]

There is an important distinction between existing pay arrangements, which are governed by contract, and future pay policies, which will be the subject of binding votes, after which those contracts can be set on a fresh principle. There is a restraint on existing pay through the advisory vote, and, as I have set out, I envisage the disciplines around the advisory vote being strengthened by the statement, subject to the operation of the Financial Reporting Council.

Oral Answers to Questions

Debate between Vince Cable and Mark Lazarowicz

Thursday 8th December 2011 Commons Chamber

[Vince Cable]

We shall set out the process in the next few days. There are a great many bids from different cities and, indeed, some quite small towns around the country, all of which must be assessed properly and fairly.

[Mark Lazarowicz (Edinburgh North and Leith) (Lab/Co-op)]

Will the Secretary of State confirm that investment in wind turbine technology is a potential recipient of Green investment bank funding? Gamesa has been considering locations in various parts of the United Kingdom for a major scheme with which it is proceeding, and has identified Leith, which is in my constituency, as a possible location. Will the Secretary of State work with the Scottish Government to try to bring this important facility to Scotland and to the UK?

Oral Answers to Questions

Debate between Vince Cable and Mark Lazarowicz

Thursday 9th June 2011 Commons Chamber

[Vince Cable]

I thank my hon. Friend for his question. I know from other interventions of his deep and genuine interest in environmental issues. We already have quite a long bidding list for cities that wish to attract the green investment bank, and I am very happy to add Brighton to it.

[Mark Lazarowicz (Edinburgh North and Leith) (Lab/Co-op)]

The answer to the last question is no.

The potential for low-carbon industries comes not only from the green investment bank, important though that is, but from the skills base and getting businesses ready to take this opportunity. What are the Government doing to ensure that throughout the UK the skills base will be there and business will be able to take advantage of the potential of the green investment bank—particularly, of course, when it is situated in Edinburgh?

[Vince Cable]

I know that the hon. Gentleman too has a long-standing and active involvement in environmental issues. He is right to say that it is not simply a question of investment but of skills. That is why, as part of the expanded apprenticeship programme, we have specifically set aside resources for those working in the green economy, particularly regarding the skills that are required to implement the green deal.

Trade and Investment for Growth White Paper

Debate between Vince Cable and Mark Lazarowicz

Wednesday 9th February 2011 Commons Chamber

[Vince Cable]

Yes; my hon. Friend has raised the wider point about ensuring that the LEPs are as effective as possible. As he will know, the Minister of State, Department for Business, Innovation and Skills, my hon. Friend the Member for Hertford and Stortford (Mr Prisk) has announced that most of Britain, including all our major conurbations, is now covered. I now expect them to get to work, and to address the kind of problems that my hon. Friend has brought to our attention.

[Mark Lazarowicz (Edinburgh North and Leith) (Lab/Co-op)]

Before the statement, I attended an event here in the Commons organised by Heriot-Watt university to highlight the university’s very successful international strategy. The principal pointed out in his speech, however, that the biggest obstacle was the proposed changes in student visas and work permits, which will affect Edinburgh university as well. Those universities, and others, hope that the Secretary of State will be successful in the battle that he is apparently having with the Home Office. This is not just a question of the effect that the changes will have on universities here and now; it is also about the image that this country will have if it sends out an unwelcoming message, as well as the possibility of undermining our export potential. I hope that the Secretary of State will take all these points to the Home Secretary when he has his discussions with her in Cabinet.

[Vince Cable]

The hon. Gentleman makes the same point as his colleague the right hon. Member for Rotherham (Mr MacShane), and I do not think that I need to reply again at length. I totally accept the importance of having a liberal system for the admission of students—subject to the need to deal with abuses.