Oral Answers to Questions

Debate between Vince Cable and Mike Gapes

Thursday 7th February 2013 Commons Chamber

[Vince Cable]

It is never good when people lose their jobs, and I always regret that, but the simple fact is that in Wirral, as in other parts of the country, the number of public sector local and national Government jobs lost is far outweighed by the number of jobs created in the private sector; over 1 million have been created over the past two years.

[Mike Gapes (Ilford South) (Lab/Co-op)]

2. In how many months net lending to businesses has (a) increased and (b) fallen since January 2011.

[Debbie Abrahams (Oldham East and Saddleworth) (Lab)]

12. In how many months net lending to businesses has (a) increased and (b) fallen since January 2011.

[The Secretary of State for Business, Innovation and Skills (Vince Cable)]

Figures from the Bank of England show that between January 2011 and December 2012 lending to businesses by UK banks increased in six months, and decreased in the others. The Government and the Bank of England are working to increase lending across the economy, for example through the funding for lending scheme and the new business bank.

[Mike Gapes]

Over the last two years net lending has gone down by £28 billion. What is the Secretary of State doing about that, apart from his various failing piecemeal initiatives, which do not get to the nub of the problem? The problem is a lack of consumer confidence and the banks’ failure to lend enough because of their lending criteria. What is he going to do about that, so that he will have a better record in two years’ time?

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

Debate between Vince Cable and Mike Gapes

Monday 30th April 2012 Commons Chamber

[Vince Cable]

We have heard many negative interventions, expressing worry about the impact, but for most people, whether they be workers or consumers, the Bill provides wider opportunities. I am grateful to the hon. Lady for stressing an obvious, but much-neglected point in the debate.

[Mike Gapes (Ilford South) (Lab/Co-op)]

Will the Secretary of State tell us what legal advice he has had about what will happen if, in the period between now and the Olympics, someone decides to mount a legal challenge? Will that lead to a delay in implementation, or will it go ahead regardless?

[Vince Cable]

I do not know whether the hon. Gentleman is talking about a legal challenge to the Government, or a legal challenge to an individual employer. If the latter, there will no wider ramifications.

[Mike Gapes]

Both.

[Vince Cable]

Well, if the trade unions or others wish to make legal challenges, applying for a judicial review or through any other mechanisms, they are perfectly entitled to do so. We are not aware of any significant problem in that respect, but we will wait to see what happens.