Britain’s Place in the World

Debate between John Bercow and Alok Sharma
Tuesday 15th October 2019

(4 years, 6 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Order. I did not hear the word, but if the word used was that which has just been put to me, it was tasteless. [Interruption.] I know that the right hon. Member for East Devon (Sir Hugo Swire) means well, but I am not sure that I regard him as a great arbiter on these important matters, although he may be starting to negotiate the learning curve. I am sure he is well intentioned and trying his best.

Alok Sharma Portrait Alok Sharma
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Irrespective of whether or not that comment was offensive, may I just enlighten the right hon. Lady on what her leader said at a Solidarity with Venezuela event in 2015? This is what the Leader of the Opposition said:

“When we celebrate, and it is a cause—”

Oral Answers to Questions

Debate between John Bercow and Alok Sharma
Wednesday 2nd October 2019

(4 years, 6 months ago)

Commons Chamber
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Alok Sharma Portrait Alok Sharma
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My hon. Friend makes an important point. Inflation is running at over 1 million per cent. in Venezuela and poverty has doubled. That is the economic model and regime that the Leader of the Opposition has been defending over a long period. People will know that Venezuela serves as a grim reminder of what might happen to the economy of our country and, indeed, the aid budget should the Opposition ever get their hands near government.

John Bercow Portrait Mr Speaker
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I welcome the invocation of the United Kingdom Youth Parliament, which, for the benefit of observers, customarily sits annually in the Chamber on a non-sitting Friday. A sitting is due to take place next month. It is a magnificent organisation that deserves the support of every one of us.

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Alok Sharma Portrait Alok Sharma
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We have a long-standing position on Kashmir, which has been reiterated and followed by successive Governments, but where there are matters related to humanitarian issues we of course always look at those.

John Bercow Portrait Mr Speaker
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The hon. Member for Slough (Mr Dhesi) had a question on the Order Paper but it was not reached, so I will call him, on the strict understanding that he will be exemplary in his brevity.

Girls’ Education

Debate between John Bercow and Alok Sharma
Thursday 5th September 2019

(4 years, 7 months ago)

Commons Chamber
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Alok Sharma Portrait The Secretary of State for International Development (Alok Sharma)
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With permission, Mr Speaker, I would like to update the House on the UK’s work to support girls’ education around the world—in particular, our work to help provide 12 years of quality education for all girls by 2030 and to leave no girl behind.

Educating girls is the tool that can address a whole host of the world’s economic and social problems. It is one of the five foundations of DFID’s wider work on gender equality, which tackles the barriers that hold women and girls back. Educating girls prevents child marriage and early pregnancy, helps women into the workforce and boosts household incomes and economic growth. Supporting education for girls and women gives them a greater voice. That voice helps them to shape their own future and advocate for changes in their own lives and, very importantly, the lives of other girls and women.

On a recent trip to Ethiopia, I met a group of teenage girls learning to code. One of them told me: “Education is a weapon that can change the world”—and she was absolutely right. Educating girls is central to achieving women’s rights and empowerment and to achieving the sustainable development goals. Nothing could be more important than giving every child the chance to make the most of their talents, ensuring that every child can reach their full potential.

We know that many girls become mothers before they finish school. The vital sexual and reproductive health services that they need are simply not available. In the Sahel, for example, child marriage and early pregnancy are endemic, stopping girls entering and staying in education. Three quarters of girls in Niger are married before their 18th birthday; more than one in four are married before the age of 15.

This situation is not acceptable. We in the UK are leading the action globally to address this injustice. Today, I can update the House on the UK’s continued global leadership on girls’ education. The UK is a world leader on girls’ education. I am immensely proud to spearhead the British Government’s girls’ education campaign. That campaign—Leave No Girl Behind—was launched by our Prime Minister in 2018 when he was Foreign Secretary. The campaign leads by example. It gets girls learning, builds international political commitment and boosts global investment so that all girls have access to 12 years of quality education by 2030. The girls education campaign is an essential part of this Government’s broader endeavours to promote global Britain’s core values overseas.

Through our strong political leadership and the UK’s global diplomatic network, we have achieved many notable successes since the launch of the campaign in 2018. At the Commonwealth Heads of Government meeting in 2018, all 53 Commonwealth members agreed to work to ensure 12 years of quality education for all girls by 2030. At the G7 in 2018, over £2.3 billion was raised for girls’ education. At the United Nations General Assembly in 2018, the leaders of the UK, Canada and France came together with key partners from the global south—Jordan, Niger and Kenya—to endorse a joint statement that focused global political attention on girls’ education. This year we have led and launched the Safe to Learn campaign, which addresses violence that prevents girls from attending and learning in school.

I hope that this demonstrates that the UK is leading across a range of programmes to build commitment and boost investment globally in our mission to ensure all girls access 12 years of quality education by 2030. Only last month, at the G7 leaders summit in Biarritz, our Prime Minister announced £90 million of new funding to provide education for children caught up in crises and conflict. Girls, who are more than twice as likely to be out of school in conflict areas, stand to benefit the most from this support. The Prime Minister also announced £30 million for affirmative finance action for Women in Africa. This will help to break down barriers to women’s economic empowerment by providing up to 10,000 women with essential business training and thousands more with better access to business loans. Unleashing the economic potential of women will boost African economies, trade and investment opportunities, and increase global prosperity. This is in the interests of the UK and African countries and will provide girls with strong female role models.

At the UN General Assembly later this month, which I will attend, girls’ education will be at the heart of the UK’s activities and interventions. All UK-funded education programmes have a focus on girls and young women. Between 2015 and 2019, the UK supported 5.8 million girls to gain a decent education. Our Girls Education Challenge is the world’s largest fund dedicated to girls’ education. It is now supporting up to 1.5 million marginalised girls in 17 countries around the world.

I am absolutely clear that girls’ education remains a key priority for this Government. We must send a strong signal that we will not give up on half of the world’s population. I strongly believe that educating a girl ultimately helps to educate a nation. I commend this statement to the House.

John Bercow Portrait Mr Speaker
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I call the shadow Secretary of State, who should take approximately three minutes.

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John Bercow Portrait Mr Speaker
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Have it framed and put it up in the loo.

Alok Sharma Portrait Alok Sharma
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My right hon. Friend raises a very important point. Of course, studying STEM subjects is really important in the UK, but also abroad. He showered me with a quote. May I give him one back from a young lady I met who is learning to code as a result of funding provided by DFID? This was when I met a group of young people in Nigeria. She said:

“Education is a weapon that can change the world.”

That is what young women in developing countries believe, and we are providing such support to help them to build better futures.

Oral Answers to Questions

Debate between John Bercow and Alok Sharma
Monday 11th February 2019

(5 years, 2 months ago)

Commons Chamber
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Alok Sharma Portrait Alok Sharma
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I completely understand why colleagues are asking these questions and why they want answers, but I have to repeat myself at this stage and say that the Department is considering the High Court’s judgment. I hope therefore that the hon. Lady will appreciate that it would not be appropriate for me to comment further.

John Bercow Portrait Mr Speaker
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Very good of the right hon. Member for Carshalton and Wallington (Tom Brake) to join us. He will be pleased to know that he is just in time.

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Alok Sharma Portrait Alok Sharma
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I thank my hon. Friend for the work she does on behalf of her constituents. I can confirm that we will continue to work with community-based partner organisations, including Saffron Walden Town Council, to ensure support and the delivery of outreach. Also, for vulnerable claimants and those in remote areas, alternative attendance arrangements can be introduced.

John Bercow Portrait Mr Speaker
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Just before I call the hon. Member for Dulwich and West Norwood (Helen Hayes), I can tell her that this morning I conducted my usual weekly Skype session with school students, and today it was with students at the outstanding Elm Wood Primary School in her constituency. I engaged with those quite superb, articulate and personable students, and with their class teacher, Stephanie Kamara, and the headteacher, Ms Myrtle Charles, who made a guest appearance. What a credit those students are to their teachers and parents.

Oral Answers to Questions

Debate between John Bercow and Alok Sharma
Monday 15th October 2018

(5 years, 6 months ago)

Commons Chamber
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Alok Sharma Portrait Alok Sharma
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Let me be clear. Local authorities will continue to provide that support until the end of the current financial year, and will work in parallel with Citizens Advice, which is starting its work in the autumn.

John Bercow Portrait Mr Speaker
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We now come to topical questions. Brevity is of the essence.

Oral Answers to Questions

Debate between John Bercow and Alok Sharma
Monday 2nd July 2018

(5 years, 9 months ago)

Commons Chamber
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Alok Sharma Portrait Alok Sharma
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The hon. Member for Paisley and Renfrewshire North (Gavin Newlands) talks about sanctions, but he will know that the regime is different. For example, under JSA if somebody who was due to come in for an interview does not contact us after five days, they fall out of the system and are not sanctioned. Under universal credit, however, we continue to pay all the elements—the child element and the housing element—but the sanction that they would face applies only to the standard allowance. The hon. Gentleman talks about wanting to help people, but the Scottish National party voted against £1.5 billion of support. If he wants to support people, he should try to support the Government from time to time.

John Bercow Portrait Mr Speaker
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Order. The hon. Member for Lichfield (Michael Fabricant), from a sedentary position and rather gratuitously, offered advice and exhortation to the hon. Member for Paisley and Renfrewshire North (Gavin Newlands). I simply say to the hon. Member for Lichfield that we can always hear him with crystal clarity. He is in no danger of not being noticed.

Oral Answers to Questions

Debate between John Bercow and Alok Sharma
Monday 21st May 2018

(5 years, 11 months ago)

Commons Chamber
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Alok Sharma Portrait The Minister for Employment (Alok Sharma)
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We always aim to work constructively with the Scottish Government. Fair Start Scotland is a recent scheme that we are supporting proactively. My hon. Friend makes a point about changes. Introducing changes such as automatic split payments is a complex policy area, and we are having a detailed dialogue with the Scottish Government. There are currently many issues for the Scottish Government to resolve.

John Bercow Portrait Mr Speaker
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Of course, balls in court are always preferable to balls out of court. I am sure that that is a point with which the hon. Member for Stirling (Stephen Kerr) will be well familiar.

Oral Answers to Questions

Debate between John Bercow and Alok Sharma
Monday 5th February 2018

(6 years, 2 months ago)

Commons Chamber
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Alok Sharma Portrait The Minister for Employment (Alok Sharma)
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Through universal credit, we are providing personal budgeting support, which is available through conversations with work coaches. That is making a great difference to those who need such help.

John Bercow Portrait Mr Speaker
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Front Benchers will have to be very brief, because we are running short of time on account of the length of questions and answers. A pithy sentence, or whatever, will suffice.

Oral Answers to Questions

Debate between John Bercow and Alok Sharma
Monday 4th December 2017

(6 years, 4 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Order. That was far too long; absolutely hopeless. The hon. Lady’s questions will have to be much shorter in future. I am always keen to encourage her—she is a new Member, and a prodigious attender—but she needs to apply the blue pencil.

Alok Sharma Portrait Alok Sharma
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Since 2010, nearly 128,000 homes for social rent have been built in England, and 118,000 have been built for affordable rent. The hon. Lady talks about the money available for housing. I can confirm that, as my right hon. Friend the Chancellor said in his Budget statement, we are making at least £44 billion available over the next five years.

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John Bercow Portrait Mr Speaker
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Splendid. Circulate the text book.

Alok Sharma Portrait Alok Sharma
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My hon. and learned Friend makes a very important point. I commend her for the work that she is doing in encouraging the development of community land trusts, for which I announced additional funds only last week.

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Rebecca Pow Portrait Rebecca Pow
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I will talk very fast, Mr Speaker. May I say a big thank you to the Housing Minister for coming to Taunton Deane last week, where he met protestors at the Staplegrove development to see how important the road through the development was? Are the Government pursuing the right policy in putting more money into the housing infrastructure fund to guarantee that we get the roads that we need to make our houses work?

Alok Sharma Portrait Alok Sharma
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Absolutely; I can confirm that, as a result of the Budget, there is £5 billion in the housing infrastructure fund, which is precisely what many colleagues want to see in terms of spending on infrastructure.

John Bercow Portrait Mr Speaker
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Before we move on, I have been notified of a number of intended points of order springing directly out of Question Time. I say for the record that, on this occasion, I will take Members on trust and take those points of order now. However, if it becomes apparent to me that they are really just a way of trying to continue Question Time or if they are too long, when I have specifically said that they must be short, I will cut them off and the process of taking any—[Interruption.] Order. If that happens, the process of taking points of order at this time will be discontinued and those Members will be responsible.

I look to the shadow Secretary of State to set a good example, with a proper point of order done briefly—for which read “a sentence”.

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Alok Sharma Portrait Alok Sharma
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indicated assent.

John Bercow Portrait Mr Speaker
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The simple nod—in fact, two nods of the head in unison by the Secretary of State and the Housing Minister—suggest that that is the gravamen of the matter. I am bound to say that it would be preferable, if such announcements are intended, for them to be worked into Question Time in some way, not by elongated replies, but by responding at topicals. What has happened is arguably irritating to colleagues, but it is not demonstrably disorderly. We will leave it there for now, but the shadow Secretary of State has made his point with his customary force and alacrity.

Oral Answers to Questions

Debate between John Bercow and Alok Sharma
Monday 30th October 2017

(6 years, 5 months ago)

Commons Chamber
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Alok Sharma Portrait Alok Sharma
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I thought I had already clarified it, but let me make it clear again. We believe in protecting the green belt. There will be exceptional circumstances that local authorities can consider, but they will need to take their local communities with them.

John Bercow Portrait Mr Speaker
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I am sure that colleagues on both sides of the House will join me in warmly welcoming back to his place the hon. Member for Grantham and Stamford (Nick Boles).

Regulation of Property Agents

Debate between John Bercow and Alok Sharma
1st reading: House of Commons
Wednesday 18th October 2017

(6 years, 6 months ago)

Commons Chamber
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Alok Sharma Portrait Alok Sharma
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I am happy to write to my hon. Friend to set out the details on that. More broadly, she should put forward whatever thoughts she has in the call for evidence and we will of course take them very seriously.

John Bercow Portrait Mr Speaker
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I encourage the hon. Member for Cheadle (Mary Robinson) to circulate her text book on succinct questions. It would be of great benefit to colleagues.

Grenfell Tower Fire Inquiry

Debate between John Bercow and Alok Sharma
Wednesday 12th July 2017

(6 years, 9 months ago)

Commons Chamber
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Alok Sharma Portrait Alok Sharma
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No, I will not give way as I really must get on.

A range of views have been expressed about the cause of the Grenfell Tower tragedy. What is vital is that we have a full independent public inquiry with a remit that goes way beyond the design, construction and modification of the building itself. An effective and prompt inquiry will necessarily have to follow defined terms of reference, and setting those is obviously crucial. The terms will be set formally by the Prime Minister, but she will do so following recommendations from the chair of the public inquiry, Sir Martin Moore-Bick. Sir Martin was appointed to head up the inquiry on 29 June and on that very day he visited the site and spoke with some of those who had been affected by the tragedy. Sir Martin has been absolutely clear in his desire to consult the affected residents about what the terms of the reference should be. I know that he has been meeting them to hear their views. He has also said that he welcomes the views from the wider community. Those are the actions of a person who wants proactively to engage with those directly affected right from the start. I urge hon. Members who have concerns or ideas about the terms of the inquiry to raise them with the team. The details are available on the inquiry website: grenfelltowerinquiry.org.uk.

During today’s debate, some concern has been expressed about Sir Martin’s suitability for the role, but as the First Secretary of State has said, he is independently appointed, extremely well qualified and totally impartial. Sir Martin is a hugely experienced former Court of Appeal judge. Judges decide cases solely on the evidence presented in court and in accordance with the law. As a senior judge, Sir Martin has worked across a range of cases. There have been cases where Sir Martin has been praised by civil liberties lawyers and cases where he has found in favour of housing association tenants, but in each case he will have made decisions based on the law and the evidence—nothing more, and nothing less.

Opposition Members may be aware that from December 2005 to December 2009, Sir Martin was chair of the legal services consultative panel, which advises successive Lord Chancellors on the regulation and training of lawyers, legal services and other related matters. The Lord Chancellors whom he served were Lord Falconer and Jack Straw. I have previously noted in this House that it is vital for Government, central and local, to work hard to win the trust of those people directly affected by this tragedy. I have no doubt that Sir Martin is similarly aware that he needs to foster that trust. I am sure that, as his dialogue with the local community continues, they will note that his only motivation is to get to the bottom of what happened.

I assure hon. Members that the Government will co-operate fully with the inquiry, and I hope that the same will be true of the local authority and any other individual or body whose work falls within the inquiry’s remit. It is absolutely vital that no stone is left unturned and that anyone who has done wrong has nowhere to hide. To help get to the truth, survivors of the fire and the families of the victims will receive funding for legal representation at the inquiry. Details of how they access that legal funding will follow once the inquiry is up and running.

Some concern has been raised about the lack of a coroner’s inquest into the deaths at Grenfell. Let me assure colleagues that there will be an inquest. The coroner is already investigating the deaths; that is a statutory duty. The police-led investigation is already under way in conjunction with the London Fire Brigade and the Health and Safety Executive. The police investigation will consider potential criminal liability. The police have been very clear: arrests will follow if any evidence of criminal wrongdoing is found. Unlike a coroner’s inquest, a full, judge-led public inquiry will allow us to look at the broader circumstances leading up to and surrounding the tragic fire at Grenfell Tower. It will also allow us to take any action necessary as quickly as possible to prevent a similar tragedy from happening again.

A number of colleagues have expressed concerns about timing. Of course, we want the inquiry to be completed as quickly as possible and the main priority will be to establish the facts of what action is needed to prevent such a tragedy from happening again. It will be for Sir Martin to determine the timescale for the inquiry, but I am certain that he will be aware of the universal desire for an interim report to be published at the earliest opportunity.

In cases of some past disasters, such as Hillsborough and the sinking of the Marchioness, it took far too long for the whole story of what happened to emerge. We do not want that to be the case with Grenfell Tower. That was why the Prime Minister ordered a full public inquiry as soon as the scale of the tragedy became apparent. Regardless of politics or ideology and of what we think is the best course of action, all of us here want one thing: the truth. It might prove uncomfortable for some and it might not fit the preconception of others, but the truth must come out. I am confident that Sir Martin Moore-Bick will see that the truth does come out. The survivors of the Grenfell fire and the families of those who were lost deserve no less.

Question put and agreed to.

Resolved,

That this House has considered the Grenfell Tower fire inquiry.

John Bercow Portrait Mr Speaker
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We will soon come to the matter for which a good many Members are probably waiting—I rather imagine they are; if they are not, they should be. They could be awaiting the Adjournment debate with eager anticipation, bated breath and beads of sweat upon their brows, but quite a lot are probably waiting for the announcement of the results of the elections for Chairs of Select Committees. Before we come to those, I will take a point of order from Jenny Chapman.

Human Rights: Burma

Debate between John Bercow and Alok Sharma
Wednesday 18th January 2017

(7 years, 3 months ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

Each Urgent Question requires a Government Minister to give a response on the debate topic.

This information is provided by Parallel Parliament and does not comprise part of the offical record

John Bercow Portrait Mr Speaker
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Thank you.

Alok Sharma Portrait Alok Sharma
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Mr Speaker, may I, too, wish you a happy birthday for tomorrow? [Laughter.]

Oral Answers to Questions

Debate between John Bercow and Alok Sharma
Tuesday 10th January 2017

(7 years, 3 months ago)

Commons Chamber
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Alok Sharma Portrait Alok Sharma
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As I have said, we take this matter incredibly seriously. We have raised it on a number of occasions and will continue to do so. We cannot seek to interfere in the legal process of another country, but let me assure the hon. Gentleman that we are doing absolutely everything we can to urge a speedy process and to make sure the men get help in prison.

John Bercow Portrait Mr Speaker
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Finally, a cerebral and immensely patient Member of the House who is unfailingly courteous at all times, Jeremy Lefroy.

Oral Answers to Questions

Debate between John Bercow and Alok Sharma
Wednesday 16th May 2012

(11 years, 11 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Order. There are some very noisy private conversations taking place. Let us have a bit of order for Mr Alok Sharma.

Alok Sharma Portrait Alok Sharma
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Does the Minister agree that the announcement in this year’s Budget to introduce corporation tax reliefs for film and television production will bring even more value to Northern Ireland’s proposition as a world-class production location?

UK Border Force

Debate between John Bercow and Alok Sharma
Monday 7th November 2011

(12 years, 5 months ago)

Commons Chamber
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Alok Sharma Portrait Alok Sharma (Reading West) (Con)
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Lord Glasman, a close adviser of the leader of the Labour party, told us:

“Labour lied to people about the extent of immigration”—

John Bercow Portrait Mr Speaker
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Order. The hon. Gentleman will resume his seat. This is a statement about Government policy. That is the purpose of the exercise, let us be clear.

Business of the House

Debate between John Bercow and Alok Sharma
Thursday 12th May 2011

(12 years, 11 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Order. As usual, a great many hon. and right hon. Members are seeking to catch my eye, but I remind the House that there is another statement to follow, and then two debates under the auspices of the Backbench Business Committee, so there is a premium on economy, both in questions and indeed in answers.

Alok Sharma Portrait Alok Sharma (Reading West) (Con)
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May we have a debate on the practice in some councils of funding the salaries of full-time union officials with taxpayers’ money, to consider whether Members of this House believe that that is an appropriate use of taxpayers’ funds?

Department for Business, Innovation and Skills (Performance)

Debate between John Bercow and Alok Sharma
Wednesday 2nd February 2011

(13 years, 2 months ago)

Commons Chamber
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Alok Sharma Portrait Alok Sharma (Reading West) (Con)
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The right hon. Gentleman talks about a wasted year. Does he not acknowledge that he was part of a Government who wasted 13 years, increasing taxes on businesses, national insurance, regulation and the complexity of the tax system, and doing everything to stifle jobs and growth? Does he not agree that he should be congratulating this Government on reversing many of those excesses and thanking us for putting in place a policy that will lead to growth and jobs?

John Bercow Portrait Mr Speaker
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Order. May I gently point out to the House, first, that interventions should always be brief, and secondly, that there are time constraints? A lot of Members want to get in, so over-long interventions are not just ineffective; they are damaging to colleagues, whatever the intention, and that is of wide application.

Capital Gains Tax (Rates)

Debate between John Bercow and Alok Sharma
Wednesday 23rd June 2010

(13 years, 9 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Order. I just very gently say to the hon. Lady that an intervention must be just that; it must not be a mini-speech.

Alok Sharma Portrait Alok Sharma
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Thank you, Mr Speaker.

On Government help for local businesses, during the height of the recession, I attended a meeting of more than 100 people from businesses in my constituency. That was when the then Business Secretary, Lord Mandelson, was parading all over the place to tell us about all the schemes he was introducing to help local businesses. When I asked those business people whether a single one of them had been able to access any of the funds that Lord Mandelson was talking about, two hands went up in a room of more than 100 people. Both those people had tried to access the funds, but found the process too complicated and gave up. The reality is that businesses were not helped by the previous Government. I am pleased that in the Budget the Government propose a lower corporation tax rate, simplifying the tax system, reducing red tape and getting credit flowing.

I am delighted that the main rate of corporation tax will be reduced from 28% to 24% over four years, which will end up being the lowest rate among the G7 countries. Local communities, businesses and business organisations in my constituency have told me that they are delighted that the small companies rate will go to 20% instead of the planned increase to 22%, as proposed by the previous Government. On the jobs tax, which was talked about during the election and which universally businesses were not happy about, I am delighted that under the Budget the negative effect of the employers’ rate rise in national insurance will largely be reversed by increasing the threshold for employer NI contributions by £21 a week above indexation. That means that the number of employees for whom employers will pay no national insurance will rise by 650,000.

We will see a simplification of the tax system. As the Budget Red Book makes clear, tax competitiveness is not just about rates and incidence of tax; predictability, stability and simplicity are also important. Like many Government Members, I look forward to the details of the proposed independent office of tax simplification. The key point is that local businesses want time to get on and do business, and not to get bogged down by red tape. I am delighted, therefore, that the Government have said that they understand that the volume and complexity of regulation can damage UK competitiveness. I am pleased, therefore, that we will have a one in, one out system for new regulations as well as the imposition of sunset clauses.

A number of small businesses in my constituency that I have talked to are keen to get a share of the Government’s pie when it comes to spending. Again, therefore, I am pleased that under the Budget the Government plan to promote small business procurement by publishing central Government tenders online from the end of the year. The final thing that many businesses want is credit to start flowing again, and I am pleased to see that recognised in the Chancellor’s speech and reflected in the Budget documentation. The Government recognise the need for banks to promote lending, especially to small and medium-sized enterprises. I am delighted that there is going to be an increase in the enterprise finance guarantee and the creation of the growth capital fund, which will help fast growing small and medium-sized businesses.

Several Members have also touched on the banking sector. It is important that the Government want to ensure that the banking system and the financial markets meet the longer-term needs of the economy, and I look forward, therefore, to the publication of the Green Paper on business finance before the summer recess. This is a tough but fair Budget. We have had to make so many difficult choices because of the legacy left to us by the previous Government. I am pleased that, as part of the Budget, the Chancellor has made every effort to protect the most vulnerable people, including pensioners. That is so important and the hallmark of a fair society. The Budget will focus on returning stability to our economy, on getting the country back on its feet and, over the coming years, on delivering strong growth to the economy.