Cross-border Trade and Accounting

Eleanor Laing Excerpts

Wednesday 30th October 2019 Commons Chamber

[The Financial Secretary to the Treasury (Jesse Norman)]

I feel almost embarrassed to be intervening on the promising discussion between my hon. Friends the Members for Ochil and South Perthshire (Luke Graham) and for South Thanet (Craig Mackinlay); it is almost as though one would be intruding by saying anything from the Treasury Bench, given the degree of conversation that was going on. I thank them both for a most engrossing and expert discussion.

When I was thinking about this debate, I did a little research into the background of my hon. Friend the Member for Ochil and South Perthshire and discovered that part of his life had been spent not merely as an accountant at Tesco and Marks and Spencer, where he started to develop the considerable personal knowledge he has demonstrated, but involved an outfit called Tough Mudder. I do not know whether you have come across Tough Mudder, Madam Deputy Speaker. It is an organisation that specialises in ultra-long obstacle courses of 8 to 10 miles, or possibly longer. It holds some rather interesting events. I bring your attention to the “arctic enema” in which participants plunge into a dumpster filled with ice water, dunk themselves underneath the plank that crosses the dumpster and then pull themselves out on the other side. There is also “electroshock therapy” in which live wires hang over a field of mud that participants must traverse. Above all—this is especially important in the context of the House of Commons—there is “Everest” in which participants run up a quarter pipe slicked with mud and grease; just the thing to ascend the ladder of career opportunity in Government and Parliament. It does not surprise me at all that my hon. Friend should have acquired those important skills; he is demonstrating them so brilliantly in his parliamentary career.

It is also quite interesting how my hon. Friend has deployed precisely those Tough Mudder tactics so successfully today in calling for an Adjournment debate on cross-border trade and accounting systems and then taking us into the highways and byways of the tax code. I call that classic bait-and-switch of the kind that the founders of Tough Mudder would be delighted with.

Let me mention a few of the things we have touched on before coming to the main thrust of the topic. My hon. Friend is absolutely right to highlight Making Tax Digital for VAT, not merely as a success for HMRC—although it has had some delay, it is clearly proving to be that in relation to VAT—but because of its wider effects. More than 1.25 million businesses are signed up to Making Tax Digital for business, and very nearly 1.75 million VAT returns have been successfully submitted through the service. Some 81% of all businesses mandated from April are now signed up to it. That is a tremendous achievement, and it fully bears out the point made by my hon. Friend the Member for South Thanet. When the British people are presented with a challenge, particularly on taxation, they rise to it and overcome it. That is an important and valuable characteristic, and it is one we rely on.

There are also wider benefits, and they are becoming quite evident. There are potentially quite significant productivity benefits—we are still measuring them in HMRC. The benefits are starting to become sufficiently well known within the smaller business community to result in many signing up for Making Tax Digital VAT voluntarily; they are not captured by its mandate because they are not above the threshold. That is an important aspect of the wider picture of improving productivity and audit and accountability that goes with these developed processes.

My hon. Friend the Member for Ochil and South Perthshire also rightly mentioned the concerns and opportunities created by new methods of managing and valuing intangibles. That is always of great interest to Revenue and Customs, as he might imagine. He talks about the importance of transactional barriers and the need to avoid them; of course, I agree. He rightly focused on extracting an appropriate level of tax from the very largest companies and platforms—he and I have written about this in other contexts. It is important to level the playing field, with platforms using their power for good rather than yielding to the temptation to exploit insider information and one-to-many power to create an unlevel playing field. In part, that is exactly what our digital services tax is designed to do.

My hon. Friend the Member for South Thanet quite rightly mentions cigarette excise losses. If it is of any reassurance to him, I personally have sat with the HMRC fraud team tracking of some of these gangs in real time. I can tell him that it is an enormously impressive operation and one that yields great benefits to the Revenue and to this country’s Exchequer.

Turning to the issue at hand, let me say a few things about the very important question that my hon. Friend the Member for Ochil and South Perthshire asked about cross-border change and the role that accounting systems can play in that. He will be aware that the Government are committed to an efficient and effective customs system that minimises administrative burdens on people who trade. He will also know that HMRC has invested some £34 million to fund training for individual businesses and—this is the key point—to develop and grow the customs intermediary sector so that it embeds greater expertise and institutional capacity to sustain our customs over the longer term. Indeed, I spoke at the launch of the UK Customs Academy, funded by HMRC, only last month.

It is also important, as my hon. Friend has stressed, to make customs processes as simple as possible. The current declaration system, known as CHIEF, as my hon. Friend the Member for South Thanet mentioned, is being replaced with a new customs declaration service that is much more modern, much more flexible and able to anticipate vastly larger volumes of trade, and much easier and quicker for traders to use. The digital and streamlined processes committed to in the 2018 Budget are already coming into play and the specific commitment to halve the time it takes to receive authorised economic operator status is a further exemplification of that.

Let me come, slightly more widely, to the question of VAT. My hon. Friend the Member for Ochil and South Perthshire is right to ask whether VAT systems can be used to facilitate cross-border trade. This is an issue that officials within HMRC have explored in relation to HMRC’s own VAT regime and whether that can be deployed to facilitate customs processes. The House should be clear that there are specific challenges arising from that. The first has to do with the monitoring of goods, and the UK is under an obligation to demonstrate its control over goods imported and exported from this country. The Government need to be able to monitor the movement of goods in real time, but the trouble is the current VAT system, which is of course typically run on a quarterly returns basis and does not meet the real-time requirement, as VAT is accountable after the movement of goods.

The second challenge is a related one and bears on assurance. It is an underlying principle of the World Trade Organisation and the World Customs Organisation that tariffs should exist as a trade policy tool and must be applied in a fair and reasonable way. Real-time controls are a way of satisfying authorities that the correct tariff has been applied and collected on goods and, of course, it is important not to lose the credibility that border controls confer when they are deployed on the UK as a trading partner. That would potentially be put at risk by this suggestion.

Real-time controls of course also help to ensure that goods that do not comply with regulatory standards or that pose a security risk—of course there are such goods—do not enter this country. Without some customs processes, it would be difficult to identify and check goods that pose a risk to this country. It could be a phytosanitary risk, one from hazardous materials or, of course, one from weapons and other things of that nature.

The final challenge I would identify is that we are under an obligation to show that we have applied trade policy in a fair and uniform manner, and customs controls allow us to differentiate countries that have free trade agreements from those that are subject to most favoured nation status. Of course, any future customs facilitation for UK-EU trade will be a matter for negotiation once we have left the EU. Both we and the EU envisage putting in place ambitious customs arrangements to make use of all the available facilitative arrangements and technologies that we can.

Let me reassure you, Madam Deputy Speaker, and colleagues across the Chamber that we are preparing for that negotiation and will work with Parliament, the devolved Administrations and others to ensure a successful outcome in the interests of all parts of the United Kingdom.

[Madam Deputy Speaker (Dame Eleanor Laing)]

Thank you. What an interesting debate. It’s all right—I am a lawyer, so I understand accountants.

Question put and agreed to.

Summer Adjournment

Eleanor Laing Excerpts

Thursday 25th July 2019 Commons Chamber

[Wes Streeting (Ilford North) (Lab)]

Our new Prime Minister urges us to embrace a spirit of optimism, so I am going to meet him in that challenge as chair of the all-party parliamentary group on taxis. I have good news for the Government, who lack a majority and find it difficult to legislate: this is one area where they would find cross-party support if only they would bring forward the Bill we have been waiting for. When I was first elected as the Member for Ilford North in 2015, we set up the all-party parliamentary group on taxis because it was clear to those of us who represent significant numbers of London taxi drivers and licensed private hire drivers that there is a wild west in the regulation of the taxi and private hire industry. It allows unfair and anti-competitive practices, and also puts passenger safety at risk.

We embarked on a programme of consultation and engagement with stakeholders right across the industry in order to come up with our report on the future of the taxi and private hire industry, which made a compelling case for reform. It was so compelling that, although the Department for Transport itself did not quite embrace the report, it was at least persuaded to commission its own report. An independent committee led by Mohammed Abdel-Haq, a great guy, produced a thorough and comprehensive report that said pretty much exactly what our report had said. So a cross-party report has made the case for reform and the Department for Transport is also making the case for reform—a case that was accepted by the now former Secretary of State for Transport and two successive Ministers, the right hon. Member for South Holland and The Deepings (Sir John Hayes) and the Under-Secretary of State for Transport, the hon. Member for Wealden (Ms Ghani)—yet we still have no legislation.

So, in the spirit of this debate and in the spirit of optimism our Prime Minister tells us to embrace, I am optimistic that my speech will be heard by those on the Treasury Bench and that we will see legislation in the autumn. More than 1,000 of my constituents and their families are looking to the Government to act and I will be relentlessly on their case after the summer. I am afraid, though, that that is where my optimism about our new Prime Minister ends.

Let no one imagine that the heat has gone to my head and I am now persuaded that our new Prime Minister is ready to take our country forward in the way that he suggests. He urges us to judge him on his record. Well, that is what my right hon. Friend the Member for Warley (John Spellar) might describe as a target-rich environment.

I am afraid that the record of the Prime Minister as Mayor of London is not one to be proud of: millions of pounds wasted on a garden bridge that was never built; millions of pounds wasted on a cable car with no passengers; huge amounts of taxpayer money wasted on a vanity project, Boris island airport, which never even made it past the artistic licensing phase; the water cannon that he purchased but was never able to use; the fact that crime, including violent crime, rose before he left office; the ticket office closures; the bluff, bluster and bombast, which we saw so heartily represented at the Dispatch Box today; and a carelessness and lack of attention to detail, which have left a British citizen languishing in an Iranian prison, not because—let us not make excuses for the Iranians—the actions of the previous Prime Minister’s Foreign Secretary led to her detention, but because this Prime Minister, through his careless disregard for briefing and his careless use of language, aided and abetted the Iranian Government in making her suffering and the injustice she is experiencing last that much longer. It is totally appalling.

I am afraid that optimism is no substitute for a plan. In the unlikely event that the Prime Minister were minded to keep his pledge to lay in front of the bulldozer at Heathrow airport, I would be the first to volunteer to drive it. I am afraid that in the Prime Minister and in what we heard from the Dispatch Box today there is no plan for our country. In fact, the spending commitments he made on schools, health and so many other areas of public policy were not about a vision for the future; they were an admission of nine years of failure—school cuts, NHS cuts, police cuts, and every single one imposed by the party he leads and most of which he voted for once he was elected to this place.

We will judge this Prime Minister on his record. It is not a record to be proud of. It does not inspire confidence in his ability to lead our country. It is not a change of Prime Minister that we need; it is a change of Government.

[Madam Deputy Speaker (Dame Eleanor Laing)]

I am delighted to hear the hon. Gentleman speak so well for the all-party parliamentary group on taxis.

--- Later in debate ---

[The Lord Commissioner of Her Majesty’s Treasury (Jeremy Quin)]

It is a pleasure to follow the hon. Member for Lancaster and Fleetwood (Cat Smith) and to reply from the Treasury Bench.

This afternoon’s debate took place at a time when the Westminster hothouse was even hotter than normal—over 39° C. Hon. Members will I am sure be keen to return to their communities to serve their constituents in cooler climes and, I hope, with cooler temperatures. Not all of us, however, can boast the sun, the sea and the splendid ice cream of which the hon. Member for Bridgend (Mrs Moon) is so justly proud.

My right hon. Friend the Member for Maidenhead (Mrs May) reminded us in her speech yesterday that our primary role in this place is to do the best to look after our constituents. I thought that point was encapsulated very well by the hon. Member for Glasgow North East (Mr Sweeney), but it was apparent in all the passionate contributions made this afternoon by all the Members present. I am just sorry, Madam Deputy Speaker, that my winding up cannot possibly do them all the justice they deserve.

I found out to my surprise the other day that some Members in our sister Parliament in Canberra sit for constituencies named after people rather than geography. If the same principle applied to our parliamentary procedures my vote would be—the hon. Member for Lancaster and Fleetwood alluded to this—for the evening Adjournment debate to be referred to as “the Strangford”, whereas my hon. Friend the Member for Southend West (Sir David Amess) has made this particular debate his very own. We always await his contribution with interest and he never disappoints either this House or the many constituents whose problems he brings before us. I recall being taught at school that without cities, civilisation could not rise. It is similarly axiomatic that without hearing of Southend’s claim to be a city, this House could not rise either.

In opening the debate, my hon. Friend raised many points that will be best answered, I fear, by the Departments concerned, but I was glad to hear him talk about school funding, which is a very active issue in my Horsham constituency as well. I hope that, like me, he was encouraged by the positive and robust comments made by our right hon. Friend the Prime Minister in his statement this morning.

My hon. Friend the Member for Stafford (Jeremy Lefroy) is a dashing Member of the House and it is no surprise to hear that he joined the police in a successful raid on drugs perpetrators. He also raised the importance of housing regulations, particularly in the context of environmental standards. That passion is shared by the Government. I remind him of the words of my right hon. Friend the Member for Runnymede and Weybridge (Mr Hammond) in the last Budget and I am sure that my hon. Friend will continue to push on this issue.

My hon. Friend the Member for Congleton (Fiona Bruce) raised the dreadful issue of trafficking and prostitution—an issue that was brought home to me by the charity Streetlight in my constituency. I understand that her report on this was launched at 4 o’clock this afternoon. I admire her for being in her place; it is a fine example of multi-tasking in this Chamber.

My hon. Friends the Members for Stirling (Stephen Kerr) and for Moray (Douglas Ross) always speak with such passion and effectiveness on behalf of their constituencies and of Scotland as a whole. I visited my hon. Friend the Member for Stirling in his constituency—it was a great pleasure—and I look forward to visiting Moray in due course and hearing more about the benefits of the city deal.

My hon. Friend the Member for South Suffolk (James Cartlidge) spoke with great passion about an issue in his constituency on which he is hugely engaged. He has put his developers firmly on notice.

Turning to my hon. Friend the Member for Harrow East (Bob Blackman), on 3 April this year, we celebrated the first anniversary of his Homelessness Reduction Act 2017 coming into force. He spoke again on homelessness, among other issues, and we all value the contribution that he has made on homelessness. He said that the House will rise with a zing in its step this afternoon after the tremendous performance of the Prime Minister—a statement with which I wholeheartedly agree, but not every Opposition Member might.

Turning to Opposition Members, there were many great speeches on the other side of the House this afternoon. The hon. Member for Clwyd South (Susan Elan Jones), the chairman of the all-party group on charities and volunteering, said in a brilliant speech that she would be satisfied if, as a result of her contribution, just one person started helping the RAF Benevolent Fund. I am certain, having listened to her speech, that it will have been far more effective than that.

Turning to my Sussex colleague, the hon. Member for Brighton, Kemptown (Lloyd Russell-Moyle), one of the highlights of the parliamentary year for me was listening to his Adjournment debate back in November, on World AIDS Day, when he spoke with such passion. He raised a point of great passion again today—his schools—and I would love to debate it with him. Now is not the moment, but I am certain that he will pursue that in his normal, assiduous way.

The hon. Member for Ilford North (Wes Streeting) made a speech of two halves. I preferred the first half—the optimistic half—but he spoke with great passion throughout. I know—because I know him—that whatever his views on my right hon. Friend the Prime Minister, he will bear no ill will or ill harm to any Member of this place, but the hon. Gentleman made his point in his customary manner.

I had the privilege of briefly serving under the right hon. Member for East Ham (Stephen Timms) when he was a Minister in the Treasury. He had a reputation then as being a courteous, detailed and effective Minister. He is clearly deploying the same skills in this place on behalf of his constituent—a case that seems very strange and which I am sure he will continue to pursue.

The hon. Member for North Tyneside (Mary Glindon) spoke movingly of those facing alcohol dependency issues and the importance of the alcohol charter.

The hon. Members for Keighley (John Grogan) and for Oxford East (Anneliese Dodds) expressed the passion of many—of all our constituents—on the issue of climate change. The hon. Lady, in particular, referred to the challenges being faced by those in the developing world because of climate change, which affects us all.

The hon. Members for Bridgend (Mrs Moon), and for Preston (Sir Mark Hendrick), and indeed the hon. Member for Glasgow South West (Chris Stephens), in his summing up on behalf of the Scottish National party—I remember vividly replying to his maiden speech all those years ago—all spoke about or touched on universal credit. I am familiar with many of the issues that they raise, not least through the Horsham District food bank and Citizens Advice in my constituency. Universal credit is a better system than that which preceded it, but that does not mean that it cannot be improved. I urge all hon. Members to continue to raise, as I know they do, individual cases with the Department concerned.

The hon. Member for Bury South (Mr Lewis) forcefully called on the Government to look again at avoidable deaths from epilepsy, in the context of a constituent who had suffered a personal loss. I hope, as does he, that real good can come out of her campaign, and out of the tragedy to which he referred.

The hon. Member for Blaenau Gwent (Nick Smith) spoke with great knowledge—and pith, which was very welcome in this debate—on pension mis-selling. I am sorry that the knowledge is the result of a dreadful scam having been inflicted, it appears, on his constituents and members of the British Steel pension scheme. We all utterly condemn the scammers. I am sure that we will hear much more from him on this subject.

The hon. Member for Glasgow South (Stewart Malcolm McDonald) made a compelling speech on Ukraine and Russia, and was supported in that by the hon. Member for Barrow and Furness (John Woodcock), who followed him, and who also raised concerns about the University Hospitals of Morecambe Bay NHS Foundation Trust that I am sure will have been heard by the relevant Department.

The hon. Member for Glasgow North East spoke with passion about the imminent closure of the Caley railway works in his constituency. I wish him well in his discussions with the Scottish Minister with responsibility for transport, and I am sure that the hon. Gentleman will remain in close contact with my hon. Friends in Government.

The hon. Member for Poplar and Limehouse (Jim Fitzpatrick), with whom it is a pleasure to serve on the all-party parliamentary group on credit unions, spoke effectively, as ever, on a range of issues regarding housing in Tower Hamlets—a subject that he always speaks on with great authority, and will continue to do so. The hon. Member for West Ham (Lyn Brown) speaks well on behalf of her constituents; today she chose a broader theme and a global outlook, but spoke with equal passion, determination and force.

We heard a little bit of history from the hon. Member for York Central (Rachael Maskell). She put her hopes for the future of the beautiful city that she represents in the context of its deep historical roots as Eboracum and Yorvik. She spoke passionately of York as a living, breathing, vibrant city, where planning works on behalf of all York’s citizens.

Many hon. Members will be very aware of the benefits to school students of a proper diet and breakfast. The hon. Member for Mitcham and Morden (Siobhain McDonagh) spoke convincingly and with great knowledge of what sounds like a tremendous scheme in her constituency, and with huge passion on the Shooting Star children’s hospice. As she pointed out, no Adjournment debate would be complete without a contribution from the hon. Member for Strangford (Jim Shannon). Just for fun, and for our benefit, he contributed in both English and Ulster Scots, and we were grateful for it. He revelled in his passion for the land, and raised the acute issues faced by many of his constituents who work on it. We were grateful for his contribution.

Many hon. Members raised the dreadful plight of Nazanin Zaghari-Ratcliffe. Even while we are not sitting, she and her family will firmly remain in our thoughts, as the Foreign Office continues to work on their behalf. There were many valuable points raised that I regret I have not had time to address; I am sure that they will be spotted and picked up by the Department concerned. It remains for me to thank you, Madam Deputy Speaker, your fellow Deputy Speakers, the Clerks, and all the officers of this House for all their work—all the officers who keep us informed, briefed, fed and watered, and, above all, safe.

My hon. Friend Member for Southend West referred to the importance of education. We will all have had teachers who helped guide us here. I think of one of my English teachers as I wish all hon. Members a brief

“time for frighted peace to pant”,

as we prepare for fresh-winded “accents of new broils” when this House resumes. Have a good summer.

[Madam Deputy Speaker (Dame Eleanor Laing)]

I thank the hon. Gentleman for his kind words. I thank everyone who has taken part in this debate. May I, on behalf of all the occupants of the Chair, wish all hon. Members a busy but peaceful recess—not a holiday. I also want, on behalf of us all, to thank everyone who works here in the Palace of Westminster. You work so hard to make our work easier, and we really appreciate everything that you do to support us. We hope that you all have peaceful and happy holidays.

Question put and agreed to.

Resolved,

That this House has considered matters to be raised before the forthcoming adjournment.

Animal Welfare (Sentencing) Bill

Eleanor Laing Excerpts

2nd reading: House of Commons & Programme motion: House of Commons
Wednesday 10th July 2019 Commons Chamber

Second Reading

[Madam Deputy Speaker (Dame Eleanor Laing)]

I can inform the House that Mr Speaker has certified the whole Bill, in accordance with Standing Order No. 83J, as being within devolved legislative competence and relating exclusively to England and Wales.

Kew Gardens (Leases) (No. 3) Bill [Lords]

Eleanor Laing Excerpts

2nd reading: House of Commons
Monday 24th June 2019 Commons Chamber

[Zac Goldsmith]

That is absolutely right.

I am delighted that the Government have taken up this small, uncontroversial but nevertheless important Bill. Members who have visited Kew Gardens will know what an extraordinary place it is. With 2 million visitors a year, including 100,000 schoolchildren, the gardens are one of the great wonders of the world. There are stunning landscapes, extraordinary plants and peaceful walks—except when they are punctuated by the noise of aeroplanes flying over, but that is a debate for another day.

Kew is a great deal more than a beautiful garden or a tourist attraction: in addition to hosting the world’s largest collection of living plants, its herbarium contains a collection of more than 7 million plant species. It is an extraordinarily valuable international resource, which is in the process of being digitised, as we have just heard, and made freely available worldwide. Kew Gardens is at the forefront, the cutting edge, of international plant science, which is crucial in providing a response to the existential threats of climate change, antimicrobial resistance, and diseases such as cancer, diabetes and more. Kew is simply a priceless national asset, and we should be doing everything we can to support it.

That brings me to the Bill. Very briefly, let me say that I first brought it to this House as a ten-minute rule Bill in January of last year, following similar efforts by my hon. Friend the Member for Bridgwater and West Somerset (Mr Liddell-Grainger) and by my friend Lord True in the other place. Unfortunately, it was blocked, I think, nine times by a friendly colleague on the Government Benches. I want to repeat my thanks to Ministers from the Department for Environment, Food and Rural Affairs for their decision to bring the Bill forward in Government time, and I welcome the changes that have been made to the Bill in the Lords. Although the intention of the Bill was never to allow Kew to lease out core parts of its estate, it is welcome that that is now clear in the Bill, with explicit protections for its UNESCO status.

Having visited Kew many, many times, including this morning, I can assure hon. Members that the clear intention is to use the powers in this Bill to lease out the residential buildings on the periphery of Kew’s estate. In fact, I saw a number of those buildings this morning, all of which are beautiful and all of which have been empty for more than a decade. The anomaly of Kew Gardens being Crown land means that it has several buildings that can be leased for a maximum of only 31 years, which is not commercially attractive compared with the 150 years that the Bill will now allow.

Like the hon. Member for Stroud (Dr Drew), I want to caution against the suggestion that passing this Bill into law will provide some kind of windfall for Kew. There is no doubt that the potential financial gains are significant, but they must not be seen as a substitute either for visitor income or for Government funding. I hope the Minister agrees that this Bill is an opportunity for Kew to do more. With the spending review on the horizon, I urge him to make sure that Kew continues to receive significant support from Government. I want to reiterate that this Bill must not be used as a pretext to reduce such funding sources.

I thank the Bill team for their support and their willingness to take this Bill off my hands, out of the risk of its being blocked by some on the Back Benches, and on to the statute book. I look forward to it passing its first Commons stage this afternoon.

[Madam Deputy Speaker (Dame Eleanor Laing)]

What a well balanced debate, as a result of which we go straight into the wind-ups and immediately back to Dr David Drew.

--- Later in debate ---

[David Rutley]

Long may they flourish, grow and prosper—absolutely. Their enthusiasm is infectious, and we are grateful for it. We want them to continue to succeed in the work they do. I hope the Bill will continue to make positive progress through Parliament, so that we can take this work forward.

[Madam Deputy Speaker (Dame Eleanor Laing)]

Thank you.

[Stephen Pound]

Thank Kew!

[Madam Deputy Speaker]

For the avoidance of doubt, and particularly for Mr Pound’s information, I should say that that was entirely unintentional.

I thank the whole House for dealing so swiftly with this important matter after the many months that the hon. Member for Richmond Park (Zac Goldsmith) spent trying to get the Bill through the House.

Question put and agreed to.

Bill accordingly read a Second time.

Mortgage Prisoners

Eleanor Laing Excerpts

Thursday 6th June 2019 Commons Chamber

[Peter Dowd (Bootle) (Lab)]

I thank the hon. Member for Dover (Charlie Elphicke) for securing this debate, and for his comments about his constituents, who he described as real people with real lives and terrible fears about already high interest rates increasing further. He spoke about the need to move from a computer-driven affordability test to a reality test, so that we can say yes to people and there will be better protections. He also said that capitalism must be tempered by responsibility and fairness, and that the interests of the consumer must be put before corporate interests. I agree with him.

My hon. Friend the Member for Blackpool South (Gordon Marsden) said that he was drawn in by the real-life experiences of his constituents, and that what the Government and the FCA have done so far is inadequate. He paid tribute to those journalists who exposed the role of lenders, and said there has been insufficient due diligence in the process. He said that we have a moral duty to act, and called for a formal inquiry.

The hon. Member for Camborne and Redruth (George Eustice) talked about the need for a statutory obligation to permit a switch to more affordable products if necessary, and a powerful presumption, if that is not allowed, for non-possession where the switch has been refused. I think that that is a perfectly reasonable position to take.

My hon. Friend the Member for Bethnal Green and Bow (Rushanara Ali) talked about the enormous hardship placed on customers, who are being punished because they have been caught up in the middle of regulatory change. She said that selling off to Cerberus was a major policy failure and that UK Assets Ltd was misled. She also said that the FCA has been complacent, and that Ministers should do something about that particular issue.

The hon. Member for Ayr, Carrick and Cumnock (Bill Grant) was surprised to see regulated mortgages sold off to unregulated companies. The impact on his constituents was to put them in terribly stressful situations and he said that that experience remains raw. As he said, “See it, say it, sorted.”

My hon. Friend the Member for East Lothian (Martin Whitfield) asked why, when we have a land of home ownership, we are allowing such a threat to that home ownership by the practices of unregulated lenders that can be accessed via an email. He said that there are 300 to 400 people affected in each constituency.

The hon. Member for Hazel Grove (Mr Wragg) talked about people trapped by large exit fees or the rigidity of new lending criteria, leading in some cases to the loss of homes and assets transferred to vulture funds. He reminded us that behind each broken product is a person and a home.

My hon. Friend the Member for Glasgow North East (Mr Sweeney) said that part of the legacy of the crash was banks seeking to benefit from the turmoil, with people trapped in purgatory. Let us hope it is purgatory, because you can get out of purgatory. It is very difficult to get out of hell.

The hon. Member for Sutton and Cheam (Paul Scully) gave an example of how his constituents, like so many people, were affected by the transfer to Cerberus and how they are locked in to a poor product, with the consequential impact on their lives and finances of having to pay three or maybe four times the usual interest rate.

The hon. Member for Strangford (Jim Shannon) called for an urgent inquiry into the issue. He wanted to add his support to addressing this particular subject. He referred to the grooming of customers in order to rip them off even more and how banks have little interest in customers whose mortgages they have sold on, and said that that is not acceptable.

The hon. and gallant Member for Beckenham (Bob Stewart) paid tribute to troops on D-day. I think we all support and give our full commitment to that. He then asked why this matter had not been sorted out. He did so in his usual wishy-washy way by skirting around the issue: he simply said that it is wrong for the people we represent and he is right.

The hon. Member for Thirsk and Malton (Kevin Hollinrake) gave an excellent speech. It was a very considered, thoughtful and forensic speech which asked the question: why on earth do we let them get away with it? Why did we let them get away with it before the crash? They created the conditions and the process, and then they went back to consumers and businesses and said that their businesses, houses or mortgages were no longer sustainable. The impact is on families. The bankers created the conditions for mortgage prisoners and it is really up to us to do something about it.

The hon. Member for Stirling (Stephen Kerr) talked about the damage to people’s life chances. The selling off to vulture funds has led to thousands of people being caught up in unregulated systems, with a lot of asset-stripping going on.

Finally, the hon. Member for Glasgow Central (Alison Thewliss) set out the cost of higher interest rates as a result of the lack of access to more competitive rates and the impact on businesses. She made the point that this is not just a legacy issue, but a threat to the future.

I understand that this is the seventh debate that we have held on banking in a year. I have to say that it is a sad state of affairs when we are having a debate on mortgage prisoners and vulture funds. There is something wrong with that and it speaks volumes. I was at a meeting today with about 25 people who are either affected by the issue or who are helping and supporting those who are affected. I suspect that many are in the Public Gallery today and I welcome them. Some are in despair and feel completely powerless against powerful bodies that simply ignore them, and they feel let down by us.

Lenders have an approach to their customers that is simply take it or leave it. Since the global financial crisis, we have heard many voices in this House speaking about the cost of that disastrous period, born out of rapacity, as the hon. Member for Thirsk and Malton said. In some quarters, that rapacity continues. I am sorry to say that UK Asset Resolution Limited, which is owned by the state, has not helped in the curtailment of that culture and has potentially encouraged it, even if by default. As many people have asked, why, for example, has it sold off mortgages to companies that are not regulated? In effect, they have been left at the mercy of those companies by the state and the Government. That is not acceptable. A Government company selling off assets to unregulated companies—it is difficult to believe.

My first question to the Minister is this: why has the Government allowed UK Asset Resolution Limited to do that? What is he going to do about that, and about the 200,000 people financially imprisoned by this scam? I do not accept in any way the Government’s argument that this is a question of being at arm’s length from these matters. How can the Government take such an approach when their citizens are being ripped off? They are in danger of aiding and abetting that ripping off. How can they continue to allow people who pay their mortgages and bills, and who carry on with their daily living against the odds, to be penalised? People are in a position where the inequality of bargaining is causing no end of hardship, worry, familial dislocation and, in some cases, attempts at suicide and perhaps loss of life. Millions of people have suffered from not just the recession caused by the rapacity of banks, but the cuts to social security and public spending that followed. I remind Members that in one fashion or another, the banking bail-out cost £1.5 trillion to put right, according to the Office for National Statistics.

We are hearing today about one group who have particularly suffered as a result of the financial meltdown and the decisions that have been taken since. For many Members of this House—and members of the public—who have mortgages, it seems unconscionable that we have not been able to refinance them at more competitive rates. The ability to do so is part of a healthy mortgage market that does not allow lenders to abuse their positions. The reality of those locked into interest rates that are sometimes three times the going rate can be horrendous, as we have heard time and again today from the 14 or 15 Members who spoke.

How can it be possible that people are ineligible for a mortgage when they will be paying less? That question has been asked so many times today. What a bizarre state of affairs. It will cost people less than their current mortgage so they cannot have it. Did we bail out the system only to allow the system to continue to penalise people who have not failed to keep up payments? These consumers, despite being up-to-date with their mortgage payments and seeking to move to a more affordable deal without borrowing more, are being held back by inactive lenders and entities not authorised for mortgage lending.

The practice of selling mortgages and unregulated commercial loans to unregulated funds has been creating mortgage prisoners, exposes businesses to asset stripping and threatens to continue to create further mortgage prisoners and risks to businesses, as laid out in the motion. Yet we seem to be seeing a curious case of blame-shifting. The chief executive of the Financial Conduct Authority referred in evidence to the Treasury Committee last year to a “peculiarity” of EU law. A peculiarity—is that it? Others seem to have suggested that the UK’s interpretation of the law is at fault. At any rate, the directive was brought into UK law in 2016, so the Government of the time and the Government of today have a responsibility to deal with the problem, wherever and whenever it originates. As I said earlier, its origins lie in the reckless behaviour of the those in the banking sector in the years running up to the crash. They were not reckless in lending to so many individuals, but they were reckless in their general approach to risk and exposure to little-understood derivatives. As a result of their behaviour, the aggressive downsizing of balance sheets meant that people with no history of default were put into high-risk groups and, ultimately, had their mortgages transferred to vulture funds, becoming de facto credit risks despite impeccable credit histories. Many of these funds are outside the purview of standard regulation, and the FCA may in some cases legitimately claim that as a result there is little it can do. However, it must come forward with proposals, rather than just sitting on the sidelines. That is its responsibility.

I pay tribute to all the campaigners who have brought this matter to the attention of the House, including the hon. Member for Thirsk and Malton and the all-party parliamentary group on fair business banking. They have been absolute stalwarts in pursuing the matter. I urge the Government to move as quickly as possible to establish whether the problem lies in EU regulation or in its interpretation, and to address it as swiftly as possible.

I am glad that the hon. Member for Hazel Grove referred to Cerberus, which features in Greek mythology. This particular three-headed dog, however, locked victims not just in hell but in negativity, repetition and hopelessness. This dog is symbolic of the inability of people to leave because they are trapped in an expensive mortgage hell. The Government must now put it on a leash, and sort out the rules.

[Madam Deputy Speaker (Dame Eleanor Laing)]

Before I call the Minister, let me echo the words of the hon. Member for Bootle (Peter Dowd) in welcoming to the Public Gallery a great many people who are interested and involved in this subject, and who, I gather, have met Members this afternoon. I see Members assenting to that.

I draw attention to this because we so often hear criticism of what happens in the Chamber, and hear it described as a circus or a bear pit. It is delightful for once to be able to show the people who care about this subject that when matters are debated properly, thoughtfully, forensically and collaboratively here in the Chamber, it makes a difference.

Wild Animals in Circuses (No. 2) Bill

Eleanor Laing Excerpts

3rd reading: House of Commons & Report stage: House of Commons
Tuesday 4th June 2019 Commons Chamber

[The First Deputy Chairman of Ways and Means (Dame Eleanor Laing)]

I remind hon. Members that, if there is a Division, only Members representing constituencies in England may vote. I call the Minister to move the consent motion.

Motion made, and Question proposed,

That the Committee consents to the following certified clauses of, and Schedule to, the Wild Animals in Circuses (No. 2) Bill—

Clauses and Schedules certified under SO No. 83J(1)(h) as relating exclusively to England and being within devolved legislative competence

Clauses 1 and 2 of, and the Schedule to, the Bill (Bill 385).—(David Rutley.)

[Patrick Grady (Glasgow North) (SNP)]

It is a pleasure to speak very briefly. The SNP is quite happy to support the Bill. As the hon. Member for Shipley (Philip Davies) said in the full House of Commons 30 seconds or so ago, this law has been enacted by the Scottish Parliament and already applies. I am grateful to hear him think that it is more substantial than the proposed legislation we are passing today.

We are currently not in the House of Commons but the English Parliament, the Legislative Grand Committee (England), and only for England because of the consequential disapplication of some of the Bill to Wales by dint of a clause. It has only taken me most of the afternoon to try to read through it to figure out exactly where the different extents apply.

I was keen to make sure I was here in the absence of my hon. Friends the Members for Perth and North Perthshire (Pete Wishart) and for Glasgow East (David Linden), who usually make sure that the EVEL—English votes for English laws—stages do not go completely unnoticed in Hansard and by the riveted watching public. One day—perhaps today is the day and the hon. Member for Shipley will speak—Members from England and Wales will participate in the Legislative Grand Committee and justify the colossal waste of time and money that has been spent on establishing the EVEL procedure. We wait, perhaps still unfulfilled, for that day to come.

[The First Deputy Chairman]

I look around expectantly and discover that nobody wishes to catch my eye.

Question agreed to.

The occupant of the Chair left the Chair to report the decision of the Committee (Standing Order No. 83M(6)).

The Deputy Speaker resumed the Chair; decision reported.

Third Reading

--- Later in debate ---

[Sir Mike Penning]

To me, a trophy-hunting Bill is the simplest thing in the world. If someone wants to do that sort of thing, do not bring trophies—the animal’s head—to this country. That is so abhorrent to 99.9% of the British public.

We have set a line in the sand and shown that we can bring such Bills through the House—it is a shame that more people are not in the Public Gallery to listen to us when we get things right. I am sure that, tomorrow, in Parliament this will get thruppence, because of President Trump and other things that have been going on, but this indicates what this House can do and is right morally and ethically. We should be very proud of what has happened in this House today.

[Madam Deputy Speaker (Dame Eleanor Laing)]

If I may say so, the right hon. Gentleman is absolutely right. It is a great pity that when something of importance is achieved in the proceedings of this House, as it is about to be, it is not noted because the commentators prefer drama to care and doing the right thing.

[Sir Mike Penning]

Perhaps they prefer a circus in this House.

[Madam Deputy Speaker]

Yes, we will not go on about which circus is really the circus. To bring about what everyone in the Chamber has been aiming towards for a very long time, let me put the question.

Question put and agreed to.

Bill accordingly read the Third time and passed.

[Madam Deputy Speaker]

For the sake of clarity, I confirm to the House that the Back-Bench motion on the mineworkers’ pension scheme will not be moved today.

Excessive Speeding and Driving Bans

Eleanor Laing Excerpts

Thursday 23rd May 2019 Commons Chamber

[Ms Ghani]

The hon. Lady, true to form, shares the praise with all those who have worked behind the scenes, which has been noted.

The hon. Lady was probably expecting my hon. Friend the Member for Hereford and South Herefordshire (Jesse Norman), who has been promoted, but I hope she will be pleased with my response. I do not want Hansard or any journalists to be confused: I have not been promoted for long, just for the next 15 minutes.

Road safety is a top priority for the Government. Road deaths are a tragedy for all affected, and injuries can cause suffering and life-changing misfortune. Much of that harm is avoidable, and it is not an inevitable consequence of road transport. As the hon. Member for Clwyd South mentioned, all available research shows a link between excessive speed and the risk of collisions. Increased compliance with speed limits, as part of a wider package of road safety measures, will play a significant role in reducing the number of collisions on our roads.

I share the hon. Lady’s concern that people who drive at appalling speeds, risking the lives of others as well as their own, are too often back behind the wheel too soon. However, sentencing is a matter for our independent courts and is based on the facts of each case. A driving ban, the length of which is at the discretion of the judge, is already an option, and guidance is issued by the Sentencing Council. This is not something on which the Department can intervene. The judiciary are constitutionally independent of the Government, and it is important that no action is taken that may undermine this fundamental principle.

It may help if I say something about the totting up of points. If an offender amasses 12 penalty points or more within a three-year period, a minimum six-month disqualification must be ordered. An offender disqualified in this way may also be ordered to take an extended driving test. Offenders who are disqualified for 56 days or more have to apply for a new licence.

However, courts have the discretion not to disqualify, or to impose a reduced disqualification, if there are mitigating circumstances or exceptional hardship—the hon. Lady raised that issue. This is wholly up to the courts and, again, is not something that the Department can influence, but the Department always notes what is raised in the Chamber. We know the media have reported cases where drivers with many points are still behind the wheel.

At this point I ought to say something about the relative responsibilities of the Department for Transport and the Welsh Assembly. Much road safety legislation and policy is devolved to Wales and Scotland. As well as being responsible for their own trunk road networks, they set policy on safety cameras and issue guidance on setting speed limits. They have legislative competence on all the substantial provisions of the Road Traffic Regulation Act 1984 concerning speed limits and traffic signs.

The enforcement of speed limits is an operational matter for the police. Policing in England and Wales is divided into territorial forces, with the Westminster Government setting policing policy. It is for chief police officers to decide how to prioritise enforcement in accordance with their local priorities and demand. Their police and crime commissioner’s police and crime plan can also be used to address this issue. Individual police forces may also work with local communities and local volunteers to tackle speeding, taking specific local needs into account.

The penalties for excessive speed start with informal advice—the hon. Lady has campaigned on this—because, of course, the more that people are aware, the more they will hopefully monitor their speed. Where such advice is not appropriate, drivers are prosecuted by means of a fixed penalty notice or, in the most serious cases, a postal charge bringing them before the court.

Current guidelines issued by the National Police Chiefs’ Council allow police the discretion to take account of the individual circumstances of each speeding offence, and to take the action they consider appropriate. This ensures that the focus of attention is on the most serious offending and those individuals who clearly and deliberately break the law. The guidelines also seek to provide consistency of treatment from forces in different parts of the country and to set out the principles that underline the police’s approach to enforcement of the law on speeding. However, these are only guidelines, and there are no plans to change this or advise the police how to enforce speed limits.

The hon. Lady mentioned Operation Snap, and I agree with her on the outcomes of that programme. The police have introduced Operation Snap, which has used media such as dashcam evidence, helmet cameras or personal video for the detection of road traffic offences that do not involve a collision. I agree that this is an example of innovation that tackles those driving offences that the public want the police to deal with. It also significantly reduces the time for the police to make a decision on an offence. The aim of Operation Snap is to improve driver behaviour. This is important to note, because she spoke about the anti-drink-driving campaigns back in the day, which changed people’s attitudes completely. If drivers perceive that they could be prosecuted for driving poorly, we hope that they will not drive poorly to begin with, thus reducing the likelihood of a collision.

The hon. lady also talked about sentencing and penalties. After a full consultation, in October 2017 the Ministry of Justice confirmed Government plans to introduce life sentences for drivers responsible for the deaths of other road users. The proposals that were confirmed include: increasing the maximum penalty for causing death by dangerous driving from 14 years to life; increasing the maximum penalty for causing death by careless driving while under the influence of drink or drugs from 14 years to life; and creating a new offence of causing serious injury by careless driving. Sentencing remains a matter for the courts, but raising the maximum penalty will give the courts the tools to deal with the most serious cases. The legislation will be brought forward as soon as parliamentary time allows.

The hon. Lady also made powerful points about drink-driving, and I wish to confirm that the Government currently have no immediate plans to lower the drink-drive limit in England and Wales. Our approach to tackling drink-driving is through rigorous enforcement, penalties and changing the social acceptability of drink-driving in the first place.

The hon. Lady made some good comments about the Brake report, which we welcome as it highlights the important aspects of road safety. Last June, the Government announced their intention to publish the refreshed road safety statement and the two-year road safety action plan later this year, to address four priority user groups: young people, rural road users, motorcyclists and older vulnerable users.

The hon. Lady made some important points about technology. We are currently engaged in negotiations as part of the EU’s third mobility package, which will introduce intelligent speed-adaptation devices in vehicles in the future. She made a powerful point about telematics. I do not want to stray into another Minister’s area of responsibility at the Dispatch Box, so I will offer the hon. Lady the opportunity to meet the relevant Minister once they have settled into their post.

I emphasise that we are determined to improve safety on our roads for all road users, and to see to it that offenders receive the justice that they deserve. I do not doubt that, just like the previous Minister, the new Minister will take this issue incredibly seriously. If I have not covered all the hon. Lady’s points, I will ensure that any that are outstanding are covered in a written response. I congratulate the hon. Lady on being a strong campaigner on this issue and on bringing this important debate to the House.

I thank you, Madam Deputy Speaker, for all your work, and I thank the Clerks, the Doorkeepers, and everyone who works in the Tea Room and the Library and keeps us going, as well as the wonderful team from the Department for Transport, who keep the Ministers going. I hope that everybody has a wonderful recess, although I am a little nervous because I am being joined by my parents-in-law, Tim and Wendy Wheeldon. They will be spending time with their daughter-in-law in the constituency of Wealden. I am pleased to be spending the recess with my husband, David, but my daughter, Farah, is going to become a teenager, as she turns 13 on 1 June, so this might not be a quiet recess and I may wish to get back to work sooner than my colleagues.

[Madam Deputy Speaker (Dame Eleanor Laing)]

Just before I adjourn the House, I wish the Minister, all her family and everyone who serves this House so well in many, many capacities, a peaceful recess. I also add to the many accolades that have been expressed about Philippa Helme, my most sincere thanks for her calm, wise counsel on many occasions here in the Chamber and behind the scenes. Once again, on behalf of everyone who works here and who serves this place, I thank Philippa for her many decades of dedication to this place and wish her well for an exciting future.

Question put and agreed to.

Loan Charge

Eleanor Laing Excerpts

Thursday 11th April 2019 Commons Chamber

[Stephen Metcalfe]

rose—

[Madam Deputy Speaker (Dame Eleanor Laing)]

Order. Before the hon. Gentleman answers that point, I should explain to the House that we have less than 50 minutes left for this debate, for obvious reasons. He finds himself in the difficult position of being the opening speaker, as it were, and therefore he has been required to take a lot of interventions because people have short points that they want to make, but of course this debate had the bulk of its time last week, and I know from what people have told me that what they actually want to hear is the Minister’s reply to the many questions that were asked last week, and will be asked this week. There will therefore be a very short time limit on speeches—probably two minutes. The hon. Gentleman has been very generous in taking interventions, and I am sure he wants to finish the points that he would like to make. I have no objection to his taking further interventions, as long as the House realises that that will be the bulk of the debate.

[Stephen Metcalfe]

Madam Deputy Speaker, I hear what you say loud and clear, but I did want to allow Members to intervene because I think it allows them to get their points on the record.

The point that my right hon. Friend the Member for Sevenoaks (Sir Michael Fallon) raised is completely valid. We need to be throwing the net wider to recover some of this money.

I reiterate that my constituent acted only under advice from a chartered accountant, with tax counsel’s opinion, so although everyone has a duty to pay the tax they owe, this feels off. It feels like a retrospective tax grab. We know that it is causing great stress, anxiety and depression. We know that there have been three suicides associated with it. It cannot be right and surely we must have a duty to look at it again.

If I may, I shall quote my constituent, who says:

“Very simply, if the loan charge is not delayed, and comes in as it is, it will destroy my quality of life and that of my family. It may well prevent me from working and lead me into bankruptcy. It has already caused me to suffer extreme stress, and is causing huge anxiety for my family. If the Government ploughs on with this retrospective legislation, it will be responsible for devastating the lives of families across generations.”

I will leave it there.

Will the Minister seriously consider a delay in implementation and a removal of the retrospective nature of the charge, so that it certainly does not go back further than 2017, when the charges were first announced? I hope that he will build on the assurances that he has given Members who have written to him—I am very grateful for those reassurances—by finding other mitigating measures, so that we can demonstrate, as a House, that we can respond positively and that we are capable not only of listening to, but of hearing and acting upon, the words of the people who come to us, asking for our representation.

[Several hon. Members rose—]

[Madam Deputy Speaker (Dame Eleanor Laing)]

There will be an immediate time limit on speeches of three minutes.

--- Later in debate ---

[Madam Deputy Speaker (Dame Eleanor Laing)]

Order. After the next speaker, the time limit will be reduced to two minutes.

--- Later in debate ---

[Several hon. Members rose—]

[Madam Deputy Speaker (Dame Eleanor Laing)]

A two-minute time limit.

--- Later in debate ---

[Sir William Cash (Stone) (Con)]

On a point of order, Madam Deputy Speaker. I have in my hand the statutory instrument containing the regulations regarding the outcome of what I term the abject surrender that took place last night in Brussels. It was made at 3.15 pm today, and it was laid before Parliament at 4.15 pm—just three quarters of an hour ago. I raised some points earlier with the Speaker himself, which are on the record, and I just want to add to that by referring to the fact that we have a two-page explanatory memorandum for what is only about a six-line statutory instrument—for very good reason—and it includes, for example, reference to the commencement of section 1 of the European Union (Withdrawal) Act 2018. I just draw that to the attention of the House, because it is really important. It is essential that the public should know that this has been done. There are serious question marks over the legality of this, and there is likely to be a challenge in the courts, leading to the Supreme Court, on this issue.

[Madam Deputy Speaker (Dame Eleanor Laing)]

I thank the hon. Gentleman for his point of order. The House knows how assiduous he has been in recent weeks—well, in recent decades—in making sure that the legality, the constitutional position, the propriety, the timing and so on of any matters that pass through this House are properly dealt with. I appreciate the points that he is making in relation to this statutory instrument, which has been laid this afternoon, but he knows, as the House knows, that it is not a matter on which I can give him an answer from the Chair. However, he has, in his usual eloquent way, drawn the matter to the attention of the House, of the Government and of the world in general. I thank him.

Section 5 of the European Communities (Amendment) Act 1993

Eleanor Laing Excerpts

Tuesday 26th March 2019 Commons Chamber

[Colin Clark]

I will finish, because we are running out of time.

We are the party of opportunity, and they are the parties that would destroy opportunity. We are the party that wants to support everyone in society and give people a hand up, and they are the parties that would crush people with taxation. It is interesting that the hon. Member for Glasgow Central mentioned the OBR and taxation, because it was the OBR that recognised that the differential in taxation will damage the Scottish economy—and that was the Scottish Government’s choice.

This is a Conservative party building the economy, and the socialist parties on the Opposition Benches would crush the United Kingdom economy as we leave. I support the motion.

Question put, That the amendment be made.

The House proceeded to a Division.

[Madam Deputy Speaker (Dame Eleanor Laing)]

I ask the Serjeant at Arms to investigate the delay in the No Lobby.

Securitisation Regulations 2018

Eleanor Laing Excerpts

Wednesday 13th February 2019 Commons Chamber

[Bambos Charalambous]

I will not give way again, as I am almost at the end of my contribution.

These are important changes that Parliament needs to get right, due to the dire consequences of what went wrong in the past. These measures are opaque, unconstitutional and lacking in proper scrutiny. I invite the Government to withdraw the regulations and introduce primary legislation, to allow thorough and proper scrutiny to take place. Without such assurances, I will vote for the motion in the name of my right hon. Friend the Member for Islington North (Jeremy Corbyn) and against the Government.

[Madam Deputy Speaker (Dame Eleanor Laing)]

I call Anneliese Dodds.

[John Glen]

rose—

[Madam Deputy Speaker]

I beg your pardon. If the Minister would like to respond, and it is the wish of the House that he should do so, he may.

--- Later in debate ---

[Anneliese Dodds]

The Minister—[Interruption.]

[Madam Deputy Speaker (Dame Eleanor Laing)]

Order. A short while ago, this was a very well behaved debate on very specific issues, but since the speech of the hon. Member for Enfield, Southgate (Bambos Charalambous), it seems to have become a very general and exciting debate. I know that Members are anticipating a Division, and they will be trying very hard to make up their minds on which side of the House they are going to vote, but they must listen to the hon. Lady.

[Anneliese Dodds]

I will not strain the House’s patience, but I fear that the Minister, who is normally very clear in his remarks, is mixing apples and pears. He mentioned credit rating in relation to sub-prime mortgage-related securities in the United States. There was a relationship with the US state in that case, because of Fannie Mae and Freddie Mac, but there was not a connection between that process and the British state. I fear that there was a little bit of confusion there.