Oral Answers to Questions

Debate between Barry Sheerman and Danny Alexander

Tuesday 11th March 2014 Commons Chamber

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

Does the Chief Secretary agree that to have a successful financial services sector we must have bankers, lawyers and accountants whom everyone trusts, and that we need a new value system of trust in these institutions? If so, will he have a careful look at the behaviour of Grant Thornton and the way in which it treats clients and businesses in this country?

[Danny Alexander]

I certainly think that a new culture is needed in the banking sector. That was the basic reason why the Parliamentary Commission on Banking Standards was established. It produced a very wide-ranging report, and many of its recommendations were taken forward by this House in the Financial Services (Banking Reform) Act 2013. I think that that will lead to a better culture. I suggest that the hon. Gentleman raises his specific concerns with the Department for Business, Innovation and Skills.

Oral Answers to Questions

Debate between Barry Sheerman and Danny Alexander

Tuesday 10th December 2013 Commons Chamber

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

I ask the Chief Secretary to ponder the fact that when I talk with my constituents, the thing they always talk about first is, “Housing, housing, housing.” When are we going to give young people, and increasingly older people, the chance that many of us in this House have had to get their own homes, because we are not building enough houses? He knows that is true—get on with it.

[Danny Alexander]

In many ways I agree with the hon. Gentleman. My constituents say exactly the same thing to me. That is why we are reforming the planning system to enable housing to be built more quickly, why we are increasing substantially the number of social homes in this country, compared with his party’s lamentable record, and why we have introduced the Help to Buy scheme to help people who cannot afford a large deposit to get on the housing ladder, all of which is leading to new houses being built in this country.

National Infrastructure Plan

Debate between Barry Sheerman and Danny Alexander

Wednesday 4th December 2013 Commons Chamber

[Danny Alexander]

My right hon. Friend is absolutely right. As part of what we have announced today in the national infrastructure plan, we are also commissioning feasibility studies for improving surface access, by both road and rail, to Stansted and Heathrow, and that is alongside the money for the Gatwick railway station and the feasibility study we have commissioned on the rail link between London and Brighton, including the important Lewes to Uckfield line.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

Will the Chief Secretary say a little more about the sell-off of national assets? Many of my constituents feel bruised, because they all used to own a bit of Royal Mail, but now only a few rather wealthy people do. Will such transactions continue with the sale of other national assets? Harold Macmillan once said that the Tory Government were selling the family silver. Is the furniture now following?

[Danny Alexander]

The hon. Gentleman asks an important question. Let me address it briefly. On Royal Mail, he will know that 10% of the shares are owned by the employees, which I think is an extremely good step that has not been taken before in the sale of national assets. The Government should not own assets that they do not need and in which investment could be made more effectively in the private sector, particularly when their sale would release receipts that could then be used to invest further in our critical national infrastructure. That is why we are raising our target for sales from £10 billion to £20 billion. I think that we have been under-ambitious in the past. There are assets that could be sold, such as the Government’s stake in Eurostar. No final decision has been taken on that, but we are working towards ensuring that we can put those assets into the private sector, where they can be better run and better managed, and use the resources for the infrastructure projects contained in the plan.

Oral Answers to Questions

Debate between Barry Sheerman and Danny Alexander

Tuesday 24th April 2012 Commons Chamber

[Danny Alexander]

My hon. Friend makes an important point. The investment in High Speed 2 will not affect the amount of investment in the traditional rail network. It will allow us to go forward—for example, with the investment in the Oxford to Bedford rail line, which I know will affect his constituency, create 12,000 jobs and give a boost of £38 million to that area’s economy.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

Does the Minister realise that those of us who represent the squeezed middle in this country—the northern and midland regions—are sick to death of seeing London and the south-east getting all the infrastructure investment, all the cranes, while we are waiting patiently for investment in our part of the world, where we have been in recession for three years?

[Danny Alexander]

In that case, the hon. Gentleman ought also to welcome the substantial investment, for example, in the northern hub rail project. He ought to welcome the substantial investment in the electrification of the trans-Pennine railway. He ought to welcome the substantial investment in the capital infrastructure around ports to enable the north and the north-east of England to benefit, particularly from the investment in renewables that we will see over the coming years. A fair picture would represent those things too.

Oral Answers to Questions

Debate between Barry Sheerman and Danny Alexander

Tuesday 6th March 2012 Commons Chamber

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

2. What fiscal steps he is taking to assist women facing high child care costs.

[The Chief Secretary to the Treasury (Danny Alexander)]

The Government do not assume that high child care costs are an issue for women only, but we have increased the provision of free child care for three to four-year-olds to 15 hours a week, and extended that commitment to about 40% of two-year-olds by 2014-15. The Government support low to middle income working families directly through the child care element of working tax credits. We also provide support through employer-supported child care vouchers.

[Mr Sheerman]

But what does the Minister say to young women who are professionals and managers and who, according to the Daycare Trust, face the double whammy of a 30% increase in the cost of nursery provision over the past four years and the loss of their child benefit? What does he say to those young women?

[Danny Alexander]

I say that the Government are increasing the entitlement to free child care for three and four-year-olds from 12.5 to 15 hours a week, and introducing a new entitlement for disadvantaged two-year-olds, so that 40% of two-year-olds will have 15 hours of free child care per week. That represents substantial support for those families, in addition to which there will be tax credit support—depending on income—and access to employer-supported child care vouchers, which were taken up by 500,000 people in 2011-12.

Tax Avoidance (Public Servants)

Debate between Barry Sheerman and Danny Alexander

Thursday 2nd February 2012 Commons Chamber

[Danny Alexander]

I would not agree with the hon. Gentleman that such arrangements should be put in place for every public sector employee. The review that I have put in place is precisely designed to root out such arrangements across Government.

In answer to the earlier point, I gather that the fees that the hon. Member for Rochdale (Simon Danczuk) asked about are set out in the Student Loans Company annual report, which is available publicly, so he may wish to avail himself of a copy.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

We all know, if we are honest, that the administration of student loans had been a mess for years. However, the fact is that this man was appointed on a higher package of emoluments than the Prime Minister. Why was that?

[Danny Alexander]

What we had was a situation where, as the hon. Gentleman rightly says, for many years—including for many years under the previous Government —the Student Loans Company was in a mess. This man was brought in to run it, and in fairness I think it is widely agreed that he has done a good job of turning it around. In the context of this conversation, I hope that the hon. Gentleman would also recognise that.

Oral Answers to Questions

Debate between Barry Sheerman and Danny Alexander

Tuesday 24th January 2012 Commons Chamber

[Danny Alexander]

I will certainly look into the matter that the hon. Gentleman has raised, but it was his party that set up the contracts for many of the executives at RBS, and his party that allowed the bonuses to be paid out. It was also his party that awarded Fred Goodwin a knighthood that he should never have been given, so I do not think that we are going to take any lessons on this from him. We have certainly been looking hard at the remuneration proposals for this year, and I can assure him that bonuses will be far, far lower than they were last year.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

May I remind the Minister that, when in opposition, the present Chancellor and the present Prime Minister promised a really tough regime to reduce the gap between the high earners and the rest of the people in this country. Yesterday’s announcement showed that they have backed away from that promise, but the people in my constituency want a fair society in the so-called big society.