All 2 Debates between John Redwood and Geoffrey Robinson

Sale of Puppies and Kittens

Debate between John Redwood and Geoffrey Robinson
Thursday 4th September 2014

(9 years, 8 months ago)

Commons Chamber
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Geoffrey Robinson Portrait Mr Geoffrey Robinson (Coventry North West) (Lab)
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I am pleased to be taking part in this debate. Like other Members, I would like first to congratulate my hon. Friend the Member for Stoke-on-Trent South (Robert Flello). He and the colleagues who have supported him so well have taken us into a most important debate. Clearly this matter strikes a chord across the country. If I heard my hon. Friend the Member for Hayes and Harlington (John McDonnell) correctly, about 125,000 people have now put their names to the e-petition. I am very pleased to say that my family’s names are proudly inscribed on it. We are a house of dog lovers. We can boast three Great Danes and a disgracefully overfed Labrador—well, a fat Labrador, which might not be uncommon in other Members’ households. My wife has gone to the trouble of rescuing three donkeys—now five—from various distressed situations in Britain and Europe. Their only function seems to be to ensure that we keep a very organic way of gardening under way at home. There are many humorous stories that we could all tell about our experiences of the pets in our families. A love of animals is deep in the psyche of the British people. We would do well to respect that and, more importantly, to respond to it in any way that we can.

I think that we can all agree that pre-eminent among the 125,000 people is Marc Abraham. His Pup Aid programme has touched the consciences of many people throughout our constituencies. One such person in my constituency is Joy Yeates, who has written to me unremittingly on this topic and who wanted to ensure that I was here today to contribute. I am conscious of the time, Madam Deputy Speaker, but I just want to read a short excerpt from the letter that she sent me most recently:

“Puppies need more than a cage, food and drink, as their emotional needs cannot possibly be met in this crucial period of development.”

I am sure that we all utterly agree with that. She continued:

“For that reason, Pup Aid is seeking a ban on the sale of puppies in pet shops where the mother is not present.”

John Redwood Portrait Mr John Redwood (Wokingham) (Con)
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I just want the hon. Gentleman to know that many people in Wokingham entirely echo his sentiments and those of his constituent. She has put it extremely well.

Geoffrey Robinson Portrait Mr Robinson
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I thank the right hon. Gentleman for that intervention. It is very welcome, coming as it does from such a distinguished intellectual quarter of the Conservative party. It was up to his usual high intellectual standard.

Joy Yeates then urged me to attend this debate. I am pleased to be here and to give the point of view of those who want practical steps to be taken.

Although he is not present, my hon. Friend the Member for Poplar and Limehouse (Jim Fitzpatrick) has been foremost in saying that a huge strength of organisations are in support of us here. There have been a string of legislative attempts to tackle different aspects of the problem. Those have all been made with the best of intentions. Those of us who took part in the debates on the Dangerous Dogs Act 1991 know that. I am pleased to say that I had a role in that. It is not easy to legislate in this area, and I caution against early legislation—certainly primary legislation. I know that my hon. Friend the Member for Penistone and Stocksbridge (Angela Smith), who will speak for the Opposition today—although there is no party divide on this issue—agrees with me about that entirely.

There is a lot that we could do by looking at the series of legislation and guidance, and at the responsibilities as they are currently defined within local government. We could bring together and simplify the plethora of different and sometimes not wholly complementary sets of guidance and regulations to ensure that we know who is responsible for pursuing each aspect of the problem.

I do not expect the Minister to be able to say much about my next point. I know that my hon. Friend the Member for Stoke-on-Trent South insisted that he did not want to get distracted by the internet, but we have to face the fact that if we succeed in bringing breeding under control, the internet will become the problem. My experience, in both north Wales and Clacton, was that the breeders were very responsible. Twelve weeks was the minimum period for which the puppies stayed with their mothers, so those were very good breeders. However, if we manage to do all that we are setting out to do, the internet will still be there and it will become ever more attractive as the other sources of puppies and so on are stopped. If the internet is as viral as I expect, in the sense that it attracts so much attention and demand—I hope that it will not be—we will have to find ways of dealing with it. That might mean having some mandatory restrictions on websites. I will leave that with the Minister, as well as the other problems.

I look forward to hearing from the Minister a coherent, clear-cut set of proposals that have been worked on, which will deal with the problem in a practical and sensible way, with minimal additional fuss and bother in terms of paperwork from the Government. I am very pleased to have taken part. Thank you very much, Madam Deputy Speaker.

Finance (No. 3) Bill

Debate between John Redwood and Geoffrey Robinson
Tuesday 3rd May 2011

(13 years ago)

Commons Chamber
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John Redwood Portrait Mr Redwood
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I am always very happy to see ownership extended in ways that include that type of mutual, although the history of the mutual banking movement in the past 20 years provides no evidence that such banks were particularly good at reading the cycle or dealing with the capital problems—indeed, many of those institutions went to the markets and decided to exploit market opportunities because they had a capital problem that they thought they could solve by that route. It may be that we could go back to more traditional mutually owned banks with much more constrained balance sheets and activities, and that might be part of getting back to a more healthy banking sector. That is something that the market should decide.

I am firmly of the view that we need more competition and choice in the marketplace. One of the big errors was allowing banks that were too big. As a competition hawk, I was publicly very strongly against the takeover of HBOS by Lloyds; it was a great tragedy for Lloyds and for the country that that merger went through. We should have dealt with HBOS in other ways, which would have been less expensive. I was also a critic of the Royal Bank of Scotland takeover of ABN AMRO. Although the competition issues that raised were not as clear as the competition issues raised in the case of the Lloyds takeover of HBOS, I would have liked to have seen a tougher line taken. I hope that this period of change and reflection on banking, including how we tax it, can lead to a much more competitive structure. One of the ways of doing that would be to sell off some of the assets currently owned through Lloyds and through RBS in ways that created more banking challenge in the market.

Geoffrey Robinson Portrait Mr Robinson
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The right hon. Gentleman wants to ensure that we get the maximum return possible when we bring the banks back into the market, and the whole House would agree with that. He referred to the need not to reduce by too much our prospects for doing that by reducing through an excessive tax charge the multiple applied to earnings in realising the sale value, but his point about therefore moderating any tax that might be imposed is specious and certainly does not allow him to invest the seriousness that he wants, given that the multiple used is nearly always a profit-before-tax multiple—certainly, it will always be adjusted for that if exceptional items are involved. For that reason, some people, with whom I would not agree, even opt for an earnings before interest, taxes, depreciation and amortisation—EBITDA—calculation for these purposes. The fact is that the quality of the earnings is more important here than any considerations about tax levels at any one point in time.

John Redwood Portrait Mr Redwood
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I do not agree with the hon. Gentleman about that. It is true that in the venture capital world EBITDA multiples are more common, although people would not give the same value or the same multiple to a highly taxed business as they would to a more lowly taxed business; but in the open share market in the major stock exchanges, it is more normal to look at price earnings multiples based on earnings net of taxation. There is no doubt that if more tax is taken out of a business, it is less valuable to its private owners—of course that must be true. The private owners are trying to buy a stream of profit or revenue and if some of that is taken in tax, the business will be less valuable.

I had just moved on to my final point, which is about the impact everything we are discussing has on economic recovery. I urge the Minister to bear in mind that the kind of tax proposed, if carried too far, can be damaging. It impedes banks making the sorts of loan and building up the sort of asset base that we want them to at a time of recovery. In addition, any given jurisdiction going too far could become a trigger for the bank’s moving some or more of its activities offshore or changing its arrangements in a way that it thinks would allow it to get around some or all of the tax impost. I would prefer that this tax had not been invented—there are better ways of taxing banks—but if we are to have such a tax, let us ensure that we have thought about two very important consequences of setting it too high: it might damage our own share values and it might damage lending for the recovery.