British Steel Pension Scheme: Transfers

Nick Thomas-Symonds Excerpts
Wednesday 10th April 2019

(6 years, 10 months ago)

Westminster Hall
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Nick Smith Portrait Nick Smith (Blaenau Gwent) (Lab)
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I beg to move,

That this House has considered pension transfers and the British Steel pension scheme.

For many of us, pensions are a distant, complex and opaque topic. Everyone hopes that their pension will provide financial security for their family’s future. It is often the single biggest pot of money that anyone will have, but that makes pension pots ideal targets for mis-selling. Unfortunately, in recent years pensions mis-selling has got worse. Since further pension freedoms were brought in four years ago, it is easier to transfer out of defined-benefit pension schemes. More than 200,000 people have done that, but as transfers have increased, so have the problems. The compensation paid out for poor transfer advice increased to £40 million last year.

I called for this debate because of a specific mis-selling crisis that affected hundreds and potentially thousands of people across south Wales in particular. Two years ago, the British Steel pension scheme began to restructure its fund after a difficult period for the industry. Scheme members had a hard deadline to make a critical decision: they could go into a new scheme, be defaulted into a lifeboat fund or transfer out. They had to decide against a backdrop of serious uncertainty about the scheme and the industry. The scheme’s administrators were under enormous pressure, with 4,000 calls a day. Vital information about pension advisers from the Financial Conduct Authority was often highly technical. All that helped to create a perfect storm.

Nick Thomas-Symonds Portrait Nick Thomas-Symonds (Torfaen) (Lab)
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I congratulate my hon. Friend on securing the debate and commend the work that he is doing in this area. He has mentioned the Financial Conduct Authority. Does he agree that one issue here is regulation and that too often those who suffer a loss are pushed in the direction of a civil remedy when actually we need stronger enforcement and tougher criminal sanctions?

Nick Smith Portrait Nick Smith
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I agree. I think that the FCA has the right teeth but is not using them and that the police need to intervene much earlier.

Local Sporting Heroes

Nick Thomas-Symonds Excerpts
Tuesday 13th November 2018

(7 years, 3 months ago)

Westminster Hall
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Nick Smith Portrait Nick Smith
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We had a vote on that in the Whips Office and we all agreed that it was; I think it is. However, I will focus on one local sporting hero in particular and that is Steve Jones.

Nick Thomas-Symonds Portrait Nick Thomas-Symonds (Torfaen) (Lab)
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I am grateful to my hon. Friend for giving way and indeed for securing such an important debate. Before he moves on, will he join me in commending Ken Jones, who is from my home town of Blaenavon in my constituency? His achievements in athletics, as an Olympic medallist of course, were outstanding, but he was also a quite outstanding rugby player, who scored the crucial try when Wales last beat New Zealand at rugby in 1953.

Nick Smith Portrait Nick Smith
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I am very pleased to say what a brilliant athlete, rugby player, journalist and schoolteacher Ken Jones was; he was renowned across the valleys for his rugby pedigree. Today, however, I will talk about Steve Jones, from Blaenau Gwent.

The unusual thing about Steve is that he is a world-class, record-breaking athlete who hardly anyone knows about. He is one of the most successful long-distance runners ever produced in our country. Despite his multiple achievements, however, many people know little about this British athletics hero. So I will start telling them today.

Steve is a Blaenau Gwent-made and self-trained sporting hero. The son of a steelworker, he grew up in Ebbw Vale. Steve had been a cross-country runner, but it was while he was a technician with the Royal Air Force that he really began running competitively. He pulled himself up by his bootstraps and he reminds me of what Michael Parkinson has just said about George Best—namely, that while Best was the greatest player he has ever seen:

“He did not arrive as the complete player; he made himself one.”

Steve made himself the complete runner.

Training in what spare time he had, Steve began working his way up and competing, all the while serving his country full-time. After a ligament injury put his leg in a cast, Steve soldiered on, saying later:

“If anybody says I can’t do it, I end up doing it...I don’t like to be told that.”

That was an understatement. The tragic death of Steve’s dad in 1978 had a major impact on his career. His dad had been extremely proud of his achievements and, after his dad’s death, Steve wanted to push himself even further, and to be the best.

Steve burst into the top tier of world athletics in 1984 by completing the Chicago marathon in just over two hours, beating a reigning Olympic champion in the process. He set a British marathon record that stood for 33 years, until it was broken just this April by Sir Mo Farah.

In the years following Chicago and after receiving generous sponsorship from Reebok, Steve racked up further first-place marathon finishes in London in 1985, in New York in 1988 and in Toronto in 1992. Taken together, his achievements add up to a remarkable contribution to British athletics.

Now 63, Steve works as a running coach in Colorado, supporting athletes from across the world. In Blaenau Gwent, his legacy is seen every weekend in our local parkrun and other initiatives that Tredegar’s Parc Bryn Bach Running Club uses to encourage new runners; I am a newish member of the club. It has also been leading the charge for proper recognition for Steve. A local dynamo, Lee Aherne, has launched a campaign to build a statue of Steve, which has already raised more than £2,000.

The key issue is this: we have this great man, who accomplished incredible things and inspires people to follow in his footsteps, but he is simply nowhere near as widely recognised as he should be. Steve’s achievements are a great source of pride for many in Blaenau Gwent, but he is barely known outside our borough.

EU Customs Union and Draft Withdrawal Agreement: Cost

Nick Thomas-Symonds Excerpts
Monday 22nd October 2018

(7 years, 3 months ago)

Commons Chamber
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John Glen Portrait John Glen
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What I stand by is the desire of the Government to find the best possible solution for the United Kingdom—that maximises the advantages to the UK economy of the growth in economies outside the EU. There is a range of assumptions to a range of forecasts, and the Treasury always goes into considerable depth in setting those out clearly.

Nick Thomas-Symonds Portrait Nick Thomas-Symonds (Torfaen) (Lab)
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Manufacturers in my constituency need certainty, yet in recent weeks we have had a backstop, a backstop to the backstop and now an extended transition. Is not the truth that the Government’s chaotic approach to these negotiations is putting jobs at risk?

John Glen Portrait John Glen
- Hansard - - - Excerpts

We have a short amount of time to secure the best outcome for the United Kingdom. It is urgent, and I recognise that the whole country needs to have that solution.

Eating Disorders

Nick Thomas-Symonds Excerpts
Tuesday 16th October 2018

(7 years, 4 months ago)

Westminster Hall
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Wera Hobhouse Portrait Wera Hobhouse (Bath) (LD)
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I beg to move,

That this House has considered reducing stigma around eating disorders.

It is a honour to serve under your chairmanship, Sir Roger.

We probably all know at least one sufferer or ex-sufferer of an eating disorder. As one put it to me, eating disorders are the easiest thing to get into and the hardest to get out of. We have come a long way in recent years, but we are nowhere near to providing lasting, successful treatments for hundreds of thousands of people. Many people are suffering alone and in silence, without a support network. We are failing as a society to support people in their deeply personal battles.

This debate is about stigma. There are two stigmas around eating disorders—that from outside and that which sufferers feel themselves. The result is that people often wait a long time before asking for help.

Nick Thomas-Symonds Portrait Nick Thomas-Symonds (Torfaen) (Lab)
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I congratulate the hon. Lady on securing this debate on such an important issue. Does she agree that one of the ways to tackle the stigma is for people to speak out and then for others to have confidence to speak out as well? That will contribute to more early diagnosis and better treatment and care.

Wera Hobhouse Portrait Wera Hobhouse
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I totally agree. There are a number of people in the Public Gallery today who have spoken out. I will come on to how important it is that people have the confidence and feel secure enough to speak out.

It takes an average of 58 weeks from someone realising that they have a problem to them seeking help from a GP. That is more than a year of self-doubt, self-loathing and self-harm. On average, it is a further 27 weeks until the start of treatment. Add to that the time that the person has suffered with a disorder before admitting that there is a problem and we start to see the real picture.

Food Labelling and Allergy-Related Deaths

Nick Thomas-Symonds Excerpts
Tuesday 9th October 2018

(7 years, 4 months ago)

Commons Chamber
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David Rutley Portrait David Rutley
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We need to work closely with the hospitals, and I will work closely on this with my colleagues in the Department. Interesting feedback mechanisms are being piloted in the north-east, where hospitals are providing feedback to local authorities on allergies and how best to respond to them. That sort of best practice needs to be taken forward.

Nick Thomas-Symonds Portrait Nick Thomas-Symonds (Torfaen) (Lab)
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For how long does the Minister think that large conglomerates have been taking advantage of this loophole, in the form of looser regulation of food prepared on the premises, which is meant to protect small businesses? What message will he send out to those conglomerates to stop taking advantage of it prior to the publication of his review?

David Rutley Portrait David Rutley
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When the initial regulations were established, stakeholders were involved in framing them, and those stakeholders included organisations involved with allergy work. There are some situations, especially those involving younger people who may not be familiar with packaging, in which people can have a conversation with an individual across the counter so that they can understand what allergens might be in a particular product. I have had those conversations myself. That is a mechanism and we need to make sure that it is properly enforced. As I have said a couple of times at the Dispatch Box, it is really important that businesses look into how they can increase consumer confidence in their work. We will take forward at pace the review of the regulations, in order to play our part, too.

Protection of Welsh Speakers from Defamation

Nick Thomas-Symonds Excerpts
Tuesday 24th April 2018

(7 years, 9 months ago)

Westminster Hall
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Liz Saville Roberts Portrait Liz Saville Roberts (Dwyfor Meirionnydd) (PC)
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I beg to move,

That this House has considered protection of Welsh speakers from defamation.

Diolch yn fawr, Mr Hollobone. It is an honour to serve under your chairmanship. It will probably come as no surprise to anyone present that the subject of the debate was inspired by the recent contributions of a topical columnist to a national Sunday newspaper and current affairs magazine. The text is in the public domain, so I will refrain from using the little time available to repeat it. Suffice it to say that those comments are the latest manifestation of a long tradition of decrying, belittling and mocking the Welsh language and, by association, Welsh speakers.

The royal commission on Welsh education stated in 1847, in Y Llyfrau Gleision, or the Blue Books:

“The Welsh Language is a vast drawback to Wales and a manifold barrier to the moral progress and commercial prosperity of its people. It is not easy to over-estimate its evil effects.”

Fast-forward to 2011, and the Daily Mail saw fit to allow a book reviewer to describe Welsh as an

“appalling and moribund monkey language”.

There has been much in between—you get the picture.

I want at the outset to establish a sense of proportionality. I do not seek to equate the bigotry against the Welsh language in the 21st century with the extremes of Islamophobia or anti-Semitism, but neither should the fact that majority prejudice is directed against a range of minorities devalue the need to address this issue.

Nick Thomas-Symonds Portrait Nick Thomas-Symonds (Torfaen) (Lab)
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I congratulate the hon. Lady on securing this debate. She talked about how this issue sweeps back to 1847. Putting aside the specifics of what has happened in the modern era, does she agree that no one should be discriminated against by virtue of the language they speak, whether it is Welsh or any other language?

Liz Saville Roberts Portrait Liz Saville Roberts
- Hansard - - - Excerpts

I agree entirely. We need to consider the effects on groups in how we deal with press regulation and in our regulation of hate crime and hate words.

Oral Answers to Questions

Nick Thomas-Symonds Excerpts
Tuesday 27th February 2018

(7 years, 11 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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As the hon. Lady knows, the analysis to which she refers is based on standardised, off-the-shelf trade models. The Government are seeking a bespoke deal with the European Union to deliver a deep economic partnership, which would have a completely different set of outcomes. That remains our objective.

Nick Thomas-Symonds Portrait Nick Thomas-Symonds (Torfaen) (Lab)
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11. What equality impact assessments his Department has undertaken on the Government’s policy on the public sector pay cap.

Elizabeth Truss Portrait The Chief Secretary to the Treasury (Elizabeth Truss)
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It is for Departments to consider the equalities impact of their proposals on workforce strategy and pay. The important thing is that we reward public servants fairly for the work they do.

Nick Thomas-Symonds Portrait Nick Thomas-Symonds
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Well, public sector servants have certainly not been rewarded fairly, but let me turn to pay differentials in the private sector. Is the Chief Secretary as concerned as I am that many private sector firms are excluding partners’ income in their reporting obligations on the gender pay gap, on the basis that they are not employees? What will the Government do to close that loophole?

Elizabeth Truss Portrait Elizabeth Truss
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We have announced new policies on reporting the private sector pay gap. The pay gap has come down under this Government and we are now seeing a record number of women in work, and the reason is that we have taken the difficult economic decision to close the deficit and ensured that we have allowed the private sector to flourish.

Public Sector Pay

Nick Thomas-Symonds Excerpts
Monday 4th December 2017

(8 years, 2 months ago)

Westminster Hall
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Helen Jones Portrait Helen Jones (Warrington North) (Lab)
- Hansard - - - Excerpts

I beg to move,

That this House has considered e-petition 200032 relating to public sector pay.

It is a great pleasure to be here under your chairmanship, Mr Hanson.

When Conservative Members talk about public sector workers, it is common to hear them refer to them as if they were somehow a drain on the economy. They try to make a distinction between public sector workers and taxpayers, as if somehow to be fair to one is unfair to the other. That is nonsense, for two reasons. First, public sector workers, like most of us—or at least those of us who cannot afford obscure offshore tax avoidance schemes—are taxpayers and, secondly, in a modern economy the private sector and the public sector are interdependent. It is not possible to run a 21st-century economy without a healthy, educated workforce. The security that is provided by our armed forces, the police and the fire service is as essential to businesses as to individuals, and the rule of law they maintain, along with the courts and the Prison Service, provides the essential stability that allows businesses to grow and invest.

Nick Thomas-Symonds Portrait Nick Thomas-Symonds (Torfaen) (Lab)
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I congratulate my hon. Friend on the speech she has started to make. Does she agree that one of the great betrayals and causes of instability is the constant promise that the pay cap is temporary, when all the time it has continued, and seven years down the line here we are?

Helen Jones Portrait Helen Jones
- Hansard - - - Excerpts

My hon. Friend is right, and I will come to that issue later.

None of us could function day to day without, for instance, the people who sweep our streets and empty our bins. I mention them because their hard and unglamorous jobs—as many public sector jobs still are—often get overlooked when we talk about the public sector. We understandably see documentaries about hospitals and schools, but I would like to mention those people who are now officially refuse disposal operatives, but in my neck of the woods are the binnies. They do a grand job.

Oral Answers to Questions

Nick Thomas-Symonds Excerpts
Tuesday 24th October 2017

(8 years, 3 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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My hon. Friend puts his finger on an important problem. Corporation tax in the UK—in fact, in all countries—is levied on profits generated by the activities of companies within the territory. The big global digital companies present us with a new challenge of attributing profits effectively to individual jurisdictions. We are continuing to work with the OECD’s taskforce on the digital economy, and we are also looking carefully at ideas emerging within the EU for interim solutions pending a full international solution.

Nick Thomas-Symonds Portrait Nick Thomas-Symonds (Torfaen) (Lab)
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Given that the previous Chancellor has now said that in 2008 the Labour Government

“did what was necessary in a very difficult situation”,

does the current Chancellor accept that the fact we have thousands of people going to food banks and desperately underpaid public sector workers is entirely the fault of Tory policy?

Lord Hammond of Runnymede Portrait Mr Hammond
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No. Of course a Government need to be able to respond to an external shock, but a prudent Government have got the economy in good shape to respond before such a shock arises. The problem in 2008-09 was that the then Labour Government were borrowing tens of billions of pounds at the top of the economic cycle—grossly irresponsibly.