Oral Answers to Questions

Grahame Morris Excerpts

Wednesday 4th February 2015 Commons Chamber

[The Prime Minister]

My hon. Friend is right to say that uncapping university numbers removes the cap on aspiration. We want to have a country where everyone can have the choice of an apprenticeship or a university place. He is right that some areas of our country, including Herefordshire, have been under-served by university provision, which is why we have got the extra £200 million available in the Higher Education Funding Council for England to support STEM—science, technology, engineering and maths—capital investment. I know he is discussing this with the Chancellor to see whether we could make available some of this funding for the scheme he talked about. Let me say how important it is that we maintain a long-term plan for funding our universities. Young people in Britain want to know that we have the best universities in Europe and that they will continue to be that way. That is why what the university vice-chancellors have said this week about how our plans are working and costed, and Labour plans are completely unworking and uncosted, is so important.

[Grahame M. Morris (Easington) (Lab)]

Last night, the Prime Minister was on television saying that he would crack down on firms that move abroad to avoid paying their tax. So my question is this: when the Government launched the taxpayer-backed national loan guarantee scheme in 2012, why did the Prime Minister decide to allow companies based offshore in tax havens to apply for this form of state aid?

[The Prime Minister]

The national loan guarantee scheme was run by the banks, and it was the banks that chose what companies to fund. Let me say this: we have done more than any previous Government to ensure that companies pay their taxes. We inherited a situation from Labour in which foreigners were not paying stamp duty, companies were leaving Britain, and we were giving knighthoods to bankers who had failed Britain. All of that has changed.