Oral Answers to Questions
Jack Lopresti Excerpts(1 year, 10 months ago)
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Paul Scully
What we are not going to do is ban a situation that allows flexibility for employers that are in trouble. We are, however—[Interruption.] Well, it is all seen as black and white by the Opposition, but they are very anti-business in that. The hon. Lady cites an example, and there are human costs involved in the most egregious cases of fire and rehire. That is what we will be tackling through the statutory code that we will announce in due course.
Jack Lopresti (Filton and Bradley Stoke) (Con)
The Secretary of State for Business, Energy and Industrial Strategy (Kwasi Kwarteng)
As my hon. Friend knows, for the first time in 20 years we are committed to much more nuclear capacity than we have ever seen, and the target of 24 GW by 2050 is ambitious but perfectly achievable.
Jack Lopresti
Does my right hon. Friend agree that an early decision to announce the commissioning of the first small modular reactors, built by Rolls-Royce, will provide additional investment in our national infrastructure, more jobs and, crucially, help to secure our sovereign energy independence of supply?
Kwasi Kwarteng
Earlier this year I was delighted to announce investment—£210 million as I remember—in Rolls-Royce, and the SMRs, as well as advanced nuclear reactors, represent an exciting development in new nuclear. Looking at Labour Members, I must say that it is gratifying to see nuclear power being defended, as under their watch nuclear power was denuded and derided.
Oral Answers to Questions
Jack Lopresti Excerpts(3 years, 2 months ago)
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Jack Lopresti (Filton and Bradley Stoke) (Con)
The Secretary of State for Business, Energy and Industrial Strategy (Kwasi Kwarteng)
Thank you very much, Mr Speaker.
We announced at the spending review an investment of £14.6 billion in R&D for 2021-22. This will no doubt cement our status as a science superpower here in the UK. We are taking forward the ambitious commitments in the R&D road map, which was published only last year, and we are of course continuing co-operation with the EU through association with the Horizon Europe programme.
Jack Lopresti [V]
Apprentices have played a key role throughout this pandemic, including working on the Oxford-AstraZeneca vaccine, which is helping the country overcome this virus. Can my right hon. Friend confirm that, in National Apprenticeship Week, he will be working with and encouraging more R&D-based businesses to provide apprenticeship opportunities so that more young people can gain the skills they need to progress in this field?
Kwasi Kwarteng
Absolutely. I thank my hon. Friend for the great work he is doing as co-chair of the all-party parliamentary group on apprenticeships. He will know that apprenticeships are a key part of this Government’s plan for jobs as we build back better from the pandemic, and that is why we are offering employers cash payments of up to £2,000 when they hire a new apprentice, until 31 March this year.
Oral Answers to Questions
Jack Lopresti Excerpts(3 years, 5 months ago)
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Alok Sharma
As the hon. Gentleman will know, I followed all the rules, as we always do in my Department. I want to thank businesses, trade unions and the business representative organisations we worked with earlier this year to put together the guidelines to keep business areas covid secure.
Jack Lopresti (Filton and Bradley Stoke) (Con)
Alok Sharma
I am absolutely delighted to congratulate my hon. Friend’s constituent, Jess. I thank him for all the work he does in his constituency to support engineering apprenticeships. He is absolutely right. We want the sector to keep supporting well-paid skilled jobs for our young people moving into the workplace as we build back better into the decade ahead.
Leaving the EU: Airbus Risk Assessment
Jack Lopresti Excerpts(5 years, 10 months ago)
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Greg Clark
The hon. Gentleman should be more constructive. Given that the whole country—the United Kingdom—voted to leave the European Union, we should be engaged in making sure that we have the best deal possible. I talk regularly with colleagues in Wales about what is required in the terms of that agreement. He should contribute to that, rather than wishing away the results of a referendum that clearly he did not want.
Jack Lopresti (Filton and Bradley Stoke) (Con)
If Airbus makes good on its ridiculous threats—and I do not think it will for one minute—how much of the billions of pounds of taxpayer subsidy, paid for by the British taxpayer, would it have to pay back?
Greg Clark
I disagree with my hon. Friend. I think that the company has set out what it requires to be agreed in the negotiations so that it can continue to prosper. It is true that the company, like most companies in the aerospace sector, has been part of a successful investment with the Government in innovation and training. That is one foundation of our success, and I very much want that to continue.
GKN
Jack Lopresti Excerpts(6 years ago)
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Greg Clark
I am glad that the hon. Lady mentions the R&D work, which is very important. The commitments that have been made on R&D, both to keeping up investment and to participating in R&D partnerships, are extremely important. She and her Business, Enterprise and Industrial Strategy Committee asked for undertakings to be given on that and a number of other issues, and were not satisfied with the undertakings that were offered. I persuaded the company to go further and obtained undertakings relating not only to national security but to R&D and the ownership of businesses, and I hope she will acknowledge that that is valuable.
On the hon. Lady’s point about differential voting rights for shareholders, I mentioned the John Kay report, which her predecessor Committee scrutinised—I think the right hon. Member for Twickenham (Sir Vince Cable) gave evidence backing the report’s judgment. I know that her Committee is correctly interested in keeping our arrangements up to date, and if she and her colleagues want to review these matters, what their predecessors said is a good example of how that can be done.
Jack Lopresti (Filton and Bradley Stoke) (Con)
I congratulate my right hon. Friend on his statement, and on the work he has done on this difficult issue, especially in relation to securing the five-year guarantee for the aerospace business, which is unprecedented for a business such as GKN. Indeed, as he has just said, the last management refused to countenance such an arrangement. I visited the plant in my constituency a week or two ago and, despite some cynical scaremongering by some in the party opposite, the management and workers there are optimistic about the future and looking forward.
Greg Clark
I am grateful to my hon. Friend for his comments. It seems to me that when we establish a regime of post-offer undertakings, it is necessary to be active and to apply ourselves to the undertakings that it is important to secure. It is true that there has never been any commitment to own an important business such as that for more than five years, and I think that this will be valuable and welcomed by the employees in his constituency. I recognise his assiduousness in visiting the plant and talking to his constituents who are employed there.
GKN: Proposed Takeover by Melrose
Jack Lopresti Excerpts(6 years ago)
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Greg Clark
I would say to the Chair of the Select Committee on the point about the statutory grounds that it requires an assessment when all facts are known of the implications for national security. That will come to me, and I will make a decision on that basis once the bid has closed. I observed her Committee’s scrutiny of the bid and of GKN itself. She asked for commitments to be given beyond what is statutorily required. I think she was right to do so. She was not satisfied with the response to that. I would have thought she would welcome the opportunity of my using my influence at this stage, before the bid closes, to push the company further to state clearly in the public domain, so that people can make a decision, very important matters concerned with the length of ownership and the investment in research and development that go beyond the commitments made to her Committee. I think it is welcome that they are in the public domain. It is now for shareholders to decide, and I will make a decision on my statutory powers when I am in receipt of the assessment from the security authorities.
Jack Lopresti (Filton and Bradley Stoke) (Con)
I welcome my right hon. Friend’s statement and congratulate him on it. I know that he and his Department have done lots of work over recent times on this very important issue. That will provide some comfort to thousands of GKN workers in my constituency, but obviously there is still a process to go through and an end to reach. Does he agree that it is vital that we continue to protect our sovereign defence manufacturing capability, not only on the grounds of national security and our ability to produce platforms and equipment to defend ourselves, but post-Brexit, in terms of exports, global Britain and all that?
Greg Clark
I completely agree with my hon. Friend. This has been a successful business, and whether we are talking about the defence industries or the aerospace sector, these are areas of British strength in which we expect and want to see improved export performance around the world. For all the reasons that he describes, it seems important, before the opportunity is taken away through the closing of the bid, notwithstanding the fact that these are voluntary undertakings, to press the company to make clear its intentions.