Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

John Glen Excerpts
Tuesday 15th November 2022

(1 year, 5 months ago)

Commons Chamber
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Yasmin Qureshi Portrait Yasmin Qureshi (Bolton South East) (Lab)
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2. What recent estimate he has made of levels of (a) public and (b) private investment in Bolton.

John Glen Portrait The Chief Secretary to the Treasury (John Glen)
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The Government have made significant recent public investment in Bolton. For example, the first round of the levelling-up fund invested £20 million to create the Bolton College of Medical Sciences, and Bolton received £22.9 million from the towns fund to support its long-term economic and social regeneration. On the second part of the hon. Lady’s question, the Government do not routinely make estimates of private investment in towns.

Yasmin Qureshi Portrait Yasmin Qureshi
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Last week, I met the chief executive of Bolton and Bury citizens advice bureau. Among the many pieces of work that it does, it employs money advisers. However, the Money and Pensions Service—the arm’s length body that funds citizens advice bureaux—is set to lose 10% of its funding. For my local branch, that means about £22,000, or the cost of one member of staff. With demand for its services doubling, given the energy and cost of living crises, how can the Chancellor push through those callous cuts to a scheme that supports some of the poorest and most vulnerable in Bolton? Will he reverse those cuts?

John Glen Portrait John Glen
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The hon. Lady refers to the Money and Pensions Service. During the pandemic, additional Government grants were made available to support debt advisers. Some of that money was not used. There has been an attempt to look at how that money is distributed, but I would be happy to take this matter back and refer it to the Economic Secretary to see what can be done to give clarification.

Jake Berry Portrait Sir Jake Berry (Rossendale and Darwen) (Con)
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It is not just in Bolton but in the adjoining area of Darwen and Rossendale that we welcome public sector investment, such as the Darwen town deal, which is investing £100 million. However, we are keenly interested to hear what those on the Treasury Bench will do to support capital investment, particularly in manufacturing businesses. We hope that in the forthcoming autumn statement the Government will give some support to our great manufacturers in Lancashire.

John Glen Portrait John Glen
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My right hon. Friend is absolutely right; it is critical that we maintain capital investment, use that money efficiently, focus on outputs and outcomes, and ensure that we set the conditions for growth in the economy.

James Grundy Portrait James Grundy (Leigh) (Con)
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3. What recent steps his Department has taken to support families with the cost of energy bills.

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Ben Bradley Portrait Ben Bradley (Mansfield) (Con)
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5. If he will bring forward measures in his autumn statement to increase financial support for local councils.

John Glen Portrait The Chief Secretary to the Treasury (John Glen)
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The Government are committed to ensuring that local authorities are able to deliver vital public services. At the spending review last year, we provided councils with the largest annual increases in core funding in over a decade, and the Chancellor will set out further information on the Government’s fiscal approach at the autumn statement on Thursday.

Ben Bradley Portrait Ben Bradley
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If we are ever to have a sustainable set of council services, we have to move money upstream into services that can help us tackle rising demand. That is the non-statutory stuff—prevention services in communities, such as children’s services or youth centres, for example—but when budgets are tight, those non-statutory services are often the first to go, which removes councils’ ability to intervene and manage demand. With that in mind, what can my right hon. Friend do to support councils by ensuring that we take a long-term approach to managing those public services rather than adopting counter-productive plans based only on short-term budget pressures?

John Glen Portrait John Glen
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First, I would like to thank my hon. Friend for the four-page letter that he sent to the Secretary of State, which I have studied carefully. He makes some sensible suggestions and recognises the dynamics of different pots being used effectively within local government, and as a local authority leader himself, he is obviously on the frontline addressing these budgets. In last year’s spending review we put money into supporting families and family hubs, and provided £500 million of “start for life” investment, but he makes a sensible point and on Thursday he will see how we are going to make that money work.

Meg Hillier Portrait Dame Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)
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My local authority of Hackney has suffered cuts of nearly 50% over the last decade or so, but it nevertheless delivers efficient public services. Money given to good local authorities can be more cost-effective and better value for money for the taxpayer, so will the Minister consider that as the Chancellor approaches Thursday?

John Glen Portrait John Glen
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Absolutely, I will. Of course, it is not just about the cash settlement; it is about the interaction with other pots of money that are being spent, particularly in the health service, which is at the top of my mind and the Chancellor’s mind as we concentrate on what to do on Thursday.

Toby Perkins Portrait Mr Toby Perkins (Chesterfield) (Lab)
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8. What recent assessment he has made of the affordability of housing for first-time buyers.

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Imran Hussain Portrait Imran Hussain  (Bradford East)  (Lab)
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T5.   Earlier this year, Bradford submitted a levelling-up fund bid—the only bid developed from the grassroots up by local community groups—to build three new community-led health centres that would deliver transformational benefits for Bradford and act to reverse the crippling health inequalities that we face. Ahead of the announcement on Thursday, does the Chancellor see that if he does not back grassroots, community-led transformational projects like this, it is clear that the Government’s levelling-up agenda is truly dead?

John Glen Portrait The Chief Secretary to the Treasury (John Glen)
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The Government are completely committed to levelling up. As the hon. Gentleman knows, there is a second round of bids for the levelling-up fund. The results will be announced in due course, but he has made a very effective representation on behalf of his constituents and local authority.

Bob Blackman Portrait Bob Blackman (Harrow East) (Con)
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As chairman of the all-party parliamentary group on personal banking and fairer financial services, I have been in protracted correspondence with the Financial Conduct Authority about the Blackmore Bond scandal. Despite receiving more than 30 complaints and a whistleblower producing evidence, the FCA refused to investigate. I realise that it predates my hon. Friend’s appointment, but will he investigate this and force the FCA to take action?

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Alexander Stafford Portrait Alexander Stafford (Rother Valley) (Con)
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I welcomed the Chancellor’s predecessor to Rother Valley in the summer, to show him Dinnington high street and the money that was needed to upgrade it. He agreed to meet me further about levelling up. Will the Chancellor come to Rother Valley and Dinnington high street to see the levelling-up fund money that we need when the bid is in, and will he look kindly on our bid and make sure the whole of Rother Valley is levelled up?

John Glen Portrait John Glen
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I am aware of my hon. Friend’s outstanding bid, and I would be happy to visit him to discuss the needs of his community and all the work he has done over the last couple of years to stand up for his constituents and secure investment in his community.

Virendra Sharma Portrait Mr Virendra Sharma (Ealing, Southall) (Lab)
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T8.   My constituent registered with a regulated firm and invested in the financial product that an FCA-regulated broker recommended. My constituent and her father both lost money on the fraudulent product that the broker recommended. Does the Minister agree that the FCA should step in and support victims of scams, and will he empower and instruct the FCA and other regulators to be more aggressive in their support of the defrauded?

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Nicola Richards Portrait Nicola Richards (West Bromwich East) (Con)
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OnSide’s youth centres do an incredible job of transforming people’s lives, and I think young people in my constituency deserve that opportunity too. Will the Chancellor support my calls for the levelling-up fund to be spent on that important project in West Bromwich?

John Glen Portrait John Glen
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I am aware of the outstanding bid from my hon. Friend’s constituency. I cannot reveal the outcome of the deliberations on that competitive process, but I will be looking carefully at her bid and liaising with other Ministers on the outcome of that round.

Sarah Champion Portrait Sarah Champion (Rotherham) (Lab)
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T9. Last week, over 100,000 civil servants from the Public and Commercial Services Union voted to take industrial action following attacks on their jobs. For the first time ever, the Royal College of Nursing has voted to strike over pay. Lecturers, health workers, teachers, postal and transport workers—all people who aim to support this country—are suffering because of the cost of living crisis and the former Prime Minister’s £30 billion ideological rant. The autumn statement needs to show that working people are being listened to. Will it do that, or will it just punish them?

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Deidre Brock Portrait Deidre Brock (Edinburgh North and Leith) (SNP)
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Skyrocketing inflation, much of it caused by calamities on the Government Benches, means that the Scottish Government’s annual budget is worth up to £900 million less than it was just a few weeks ago. When will the UK Government devolve more borrowing powers to Scotland, so we can give the extra, desperately needed assistance to those struggling the most in our country?

John Glen Portrait John Glen
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I spoke about such matters with Jon Swinney, in my second conversation with him since appointment three weeks ago, last evening. We discussed a range of matters, and I will always try to be as constructive as I can to find ways forward when the whole of the United Kingdom faces the inflationary scourge everywhere.

Julian Lewis Portrait Dr Julian Lewis (New Forest East) (Con)
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Given that we both agree on the need for a substantial increase in defence spending, does the Chancellor accept that any immediate, necessary freeze on it should not prejudice the goal of 3% of GDP in the medium term?