41 Steve Double debates involving HM Treasury

Commission on Race and Ethnic Disparities

Steve Double Excerpts
Tuesday 20th April 2021

(3 years ago)

Commons Chamber
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Kemi Badenoch Portrait Kemi Badenoch
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It is interesting that the hon. Lady raises that point. The Runnymede Trust has said, according to a letter from the chair of the Equality and Human Rights Commission, that the EHRC should not have funding. It implied that the EHRC should be defunded, so if she wants to talk about people who want to defund charities and organisations working on racial equality, she should ask the chair of the Runnymede Trust why she made that statement.[Official Report, 22 April 2021, Vol. 692, c. 6MC.]

Steve Double Portrait Steve Double (St Austell and Newquay) (Con) [V]
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May I begin by commending the Minister for her appearance at the Dispatch Box today, which has been rightly and appropriately robust at times? I very much welcome this report as it is one of the first reports on race that acknowledges the disadvantage experienced by many white working class boys in our country and also acknowledges the geographical disparities that exist. Will she ensure that the recommendations in the Sewell report are brought forward as part of the Government’s levelling-up agenda?

Kemi Badenoch Portrait Kemi Badenoch
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I thank my hon. Friend for highlighting the importance of this report and the opportunity it provides for the Government to make Britain a fairer society for all. This report is the first attempt to grip the complex reality of ethnic advantage and disadvantage. Unlike many other reports on race and ethnicity, it is also the first to include some of the profound disparities experienced by the race and ethnic majority in this country. Educational outcomes for children in this group are a critical part of the commission’s deliberations and its approach to the 24 recommendations is one that stands to benefit all, regardless of their race, ethnicity or socio-economic background. We want a country that is fair for everyone. The Government are now actively considering this report and the recommendations that it makes and look forward to publishing their full response in due course.

Finance (No. 2) Bill

Steve Double Excerpts
2nd reading
Tuesday 13th April 2021

(3 years, 1 month ago)

Commons Chamber
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Steve Double Portrait Steve Double (St Austell and Newquay) (Con)
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It is a pleasure to follow the hon. Member for Richmond Park (Sarah Olney). I welcome the Bill, which delivers on the Budget. The Budget struck the right balance, providing the immediate support that businesses need to enable us to begin the economic recovery from the past year, paving the way for sustainable growth in the mid-term and laying the ground for some of the tough decisions and challenges that we are going to face in the years to come to balance the books.

I particularly welcome the measures to support the hospitality sector. I speak as the chair of the all-party parliamentary group for hospitality and tourism, a sector that has been among the hardest hit as a result of the lockdowns. All the measures that were in the Budget, including extending the VAT cut and the business rate holiday, the additional round of grants, the extension of the furlough scheme and the additional self-employment income support scheme, have been hugely welcomed by the many businesses in my constituency that rely so much on tourism and hospitality. I also very much welcome the extension of the universal credit uplift, which will be vital for many families to support them through the rest of the spring and summer.

There is lots in the Budget and the Bill to welcome and support, but I just want to raise one element that I have grave concerns about. It relates to clause 98—I know that the Minister will be aware of this as I have already raised it with her—and it is the removal of the red diesel entitlement. Let me make it clear that, in principle, I absolutely support this measure. We need to move people and businesses away from an over-reliance on diesel and towards a cleaner and greener form of fuel, but I am concerned about the impact that the speed with which this measure is being introduced will have on one particular sector. I welcome the fact that agriculture and fishing will be exempt from this change and will continue to be able to use red diesel. That is vital for constituencies such as mine that have many businesses in those sectors, but there is another sector that is very important to my local economy: the mining and quarrying sector.

I should place on record that I am the chair of the all-party parliamentary group for mining and quarrying. For more than 150 years, mid-Cornwall has been mining the highest-quality china clay in the world and exporting it around the world. This industry is still a vital local employer and a significant part of our local economy. The removal of the red diesel entitlement from businesses in this sector is going to cost businesses in my constituency alone more than £10 million a year. That is £10 million that is going to be taken directly out of our local economy.

I absolutely understand the Government’s rationale behind the decision to move people away from diesel towards alternative fuels to help to reduce their environmental impact and to help us as a country to move towards our net zero target, but the fact is that much of the heavy gear used in the mining and quarrying sector just does not have an alternative to diesel. The technology does not yet exist to provide an alternative form of cleaner energy. The sector will therefore bear the brunt of the Government’s decision to introduce this change from next April in the short term.

Let me also make it clear that the sector is not resistant to moving to clean power, and it has already done so where alternatives are available, but in many cases the technology is not yet available to replace some of its heaviest machinery with cleaner alternatives. It seems unfair to penalise businesses that are willing to move to cleaner fuels and sources of power but are unable to replace their diesel-powered equipment at this time. In the coming years, alternatives are likely to be developed, but I am told that we are probably at least five, and perhaps 10 years away from there being a viable commercial option. Imposing the change next year will mean that businesses face additional costs that they simply cannot avoid, which seems counterproductive.

As is often the case when decisions such as this are made, there are unintended consequences. The sector provides much of the raw material for our economy, particularly in manufacturing and construction, yet it will be unable to absorb the additional cost, which will result either in job losses or in rising costs. The Government’s ambition is to invest heavily in infrastructure and housebuilding. It seems strange, just at the time when we want to invest significant sums in building, to introduce a change that is likely to result in increased costs.

All this is unlikely to have any beneficial impact on the environment. There will be no reduction in emissions. Diesel will still be burned by these heavy-duty bits of kit because there is no alternative. It is not as though there will be a shift away from diesel to something else, because alternatives do not yet exist. If the aim of the measure is to reduce emissions, in the short term it is unlikely to achieve it. In fact, it could actually increase the environmental impact, because if it results in UK businesses becoming uncompetitive or, worse still, going out of business, we will end up importing these materials from countries that are burning diesel and increasing the carbon footprint.

I ask the Treasury team to look again at the speed at which the change is to be introduced. Let me be clear: I believe it is the right decision; I just question the timing of implementation. We need to give the quarrying and mining sector the time needed for new technologies to emerge, so that the sector can find alternative fuels before this significant additional cost is imposed.

I wholeheartedly support the Bill. It contains the right measures that our country needs now. I simply ask the Government to look at the speed of the removal of the red diesel exemption, particularly for the mining and quarrying sector, to give it time to adjust and the economy time to recover before the additional cost is imposed.

Economic Update

Steve Double Excerpts
Monday 11th January 2021

(3 years, 4 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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All our economic support now extends all the way through the spring. We will of course have a Budget on 3 March, where we will provide an update on the next stage of our economic response to coronavirus and the economic outlook for the rest of the country as well. On the specific question regarding support for businesses as against those online, the hon. Lady will be aware that this year we implemented the digital services tax for the first time, which collects a levy on online marketplaces. That will collect significant revenue this year. It is a right step and we are working with other countries to put in place a multilateral solution, which is the best long-term way to solve the problem she highlighted.

Steve Double Portrait Steve Double (St Austell and Newquay) (Con)
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I thank the Chancellor for his latest announcement on grants, which has been warmly welcomed by the hospitality sector. Can he confirm that the up to £9,000 he has made available is in addition to the up to £3,000 a month that has been made available to businesses that have had to close? He will be aware that businesses in the hospitality sector will continue to face real challenges in the coming months in order to play a part in our recovery. Will he reflect carefully on what further support we might be able to make available to this vital sector in the Budget?

Rishi Sunak Portrait Rishi Sunak
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I can confirm that the £9,000 is in addition to the monthly grants of up to £3,000, which means that over the next three months, businesses could receive up to £18,000 of total cash support. I will bear in mind other avenues for future support. As we come out of this, it will be important that the hospitality industry is given every possible chance to succeed and flourish.

Spending Review 2020 and OBR Forecast

Steve Double Excerpts
Wednesday 25th November 2020

(3 years, 5 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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I thank my hon. Friend for his support. He makes an important point: this spending review is about delivering on the British people’s priorities. Yes, we have made some tough choices, but we have done that so that we can continue investing in the things that our constituents value most. I look forward to talking to him further about the bypass and flooding defences that he needs, but, hopefully, with a doubling of our flood defences over this Parliament, it is something that we can make progress on for him.

Steve Double Portrait Steve Double (St Austell and Newquay) (Con)
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May I place on record my thanks to the Chancellor for the recent announcement of support for airports, which has been very welcome? I also thank him for the measured and sensible way that he is approaching the unprecedented challenges that we are facing, but may I just raise the challenges facing the hospitality sector, which has been impacted more than any other? Although the Government have provided incredible support in recent months, the sector is facing real challenges this winter with the restrictions that we are placing on it. It says that 94% of businesses in tier 3 will be unviable, 74% in tier 2, and, even in tier 1, 30% of businesses are likely to be unviable. The sector has played an incredible part in our growth and job creation over the past 10 years and wants to continue doing so as we recover from this crisis. Will he please look again at what support we can give to the sector to make sure that it is still around in the spring to help our recovery?

Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is, as ever, a passionate champion for the hospitality sector, and he is right to be so. It employs 2 million people, often lower paid, and it has been hit harder than almost anybody by this crisis, which is why, as he acknowledged, we have put in place unprecedented support, from VAT cuts, initiatives over the summer such as eat out to help out, business rates holidays and now cash grants when those businesses are either closed or in tier 2 areas facing restrictions to help get them through the winter. Those grants in general will equate to the rental payment of most of those businesses—we have that information and that is the single biggest fixed cost of hospitality businesses; and, of course, they can furlough their staff. I know that it is difficult, but, hopefully, those interventions will make a difference, because he is right that we want them to be able to bounce back strongly.

Economy Update

Steve Double Excerpts
Thursday 5th November 2020

(3 years, 6 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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I am pleased to tell the hon. Lady that the business grants schemes that were outlined—up to £3,000 a month for closed businesses and 70% of that for open businesses—have been backdated for those areas that were experiencing heightened restrictions for some weeks and months before the tiering system was introduced. That funding will be backdated, and I believe it will be paid in cash to local authorities next week, with the allocations given this week.

Steve Double Portrait Steve Double (St Austell and Newquay) (Con)
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May I again thank the Chancellor for his willingness to be flexible to respond to the changing needs of our economy during this crisis, and for the grants that will be made available to businesses that are forced to close? He will know that there will be many businesses in supply chains that will not be forced to close but whose revenues will be affected. Will he confirm that the money available to local authorities—I believe more than £5 million is coming to Cornwall Council—is specifically to support such businesses, and that local authorities will be able to use their discretion to apply those funds specifically to meet the needs of the local economy?

Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is right that, in aggregate, the sum is more than £1 billion for the country with Barnett funding for the devolved Administrations. That can be used at the discretion of local authorities to support their local businesses and local economy over the winter period in a way that they see meets their exact circumstances.

Public Health Restrictions: Government Economic Support

Steve Double Excerpts
Tuesday 13th October 2020

(3 years, 7 months ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

Each Urgent Question requires a Government Minister to give a response on the debate topic.

This information is provided by Parallel Parliament and does not comprise part of the offical record

Steve Barclay Portrait Steve Barclay
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The hon. Lady is right to highlight that worry that many people have, particularly with the additional announcements. That is why we have taken the action we have, with the additional £7 billion into welfare to enable universal credit to top-up where there is an impact on people’s wages. That combination of the job support scheme and universal credit speaks exactly to the concerns she raises.

Steve Double Portrait Steve Double (St Austell and Newquay) (Con)
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The Government have rightly put in several billion pounds directly to support the rail industry, but that is in sharp contrast to the aviation sector, where very little direct specific support has been provided. In many parts of the country, our domestic air routes and our regional airports are just as much vital transport infrastructure as the railway is, so will my right hon. Friend please look again at what support can be given to the aviation sector, particularly our regional airports?

Steve Barclay Portrait Steve Barclay
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I know that my hon. Friend is a strong champion of the aviation sector, not least because he and I have discussed the issue. I know he has championed it within Government. It is not the case that the aviation sector has not had support. I pointed earlier to the £8.5 billion through the corporate financing facility. In terms of Government focus on the sector, he is absolutely right that it is an important sector for the UK to focus on. We have the largest aviation network in Europe, the third largest in the world. My hon. Friend draws attention to an important sector, and that is why my right hon. Friend the Secretary of State for Transport has launched a global travel taskforce, and is working with the travel industry as part of that.

Oral Answers to Questions

Steve Double Excerpts
Tuesday 15th September 2020

(3 years, 8 months ago)

Commons Chamber
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Joy Morrissey Portrait Joy Morrissey (Beaconsfield) (Con)
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What assessment he has made of the effectiveness of the eat out to help out scheme in supporting the hospitality industry.

Steve Double Portrait Steve Double (St Austell and Newquay) (Con)
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What assessment he has made of the effectiveness of the eat out to help out scheme in supporting the hospitality industry.

Karl McCartney Portrait Karl MᶜCartney (Lincoln) (Con)
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What assessment he has made of the effectiveness of the eat out to help out scheme in supporting the hospitality industry.

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Jesse Norman Portrait Jesse Norman
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I am delighted that the eat out to help out scheme has been so enthusiastically taken up in Beaconsfield, as it has been around the country, and I thank my hon. Friend for her personal service in this important area. She will know that the Chancellor’s plan for jobs and support for over 150,000 businesses and the effort to protect 2.4 million jobs are all part of a package. To them, of course, as she will know, the Government have also added a reduced rate of VAT for tourist attractions, which will run through to 12 January next year. It all fits together as part of a wider picture of support for these very important sectors of the economy.

Steve Double Portrait Steve Double
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In St Austell and Newquay, almost 250,000 meals were eaten—not all by me—as part of the eat out to help out scheme, which put around £1.3 million into our local economy, so on behalf of businesses in mid-Cornwall, I thank the Chancellor for his support. August has been incredibly busy in Cornwall, but the hospitality sector faces a big challenge as we head into winter. Will my right hon. Friend consider a similar scheme to be run in the winter to help as many businesses as possible survive the winter and be here next summer?

Jesse Norman Portrait Jesse Norman
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There is a danger of a bidding contest between colleagues over the number of meals eaten under the eat out to help out scheme. I would dissuade them from that. In answer to my hon. Friend’s question, however, I would say that there is this wider package. Of course the Treasury keeps all its measures under review, but it is a pretty formidable combination of VAT reductions, business rates relief and billions in tax deferrals and loans.

Co-operative and Community Benefit Societies (Environmentally Sustainable Investment) Bill

Steve Double Excerpts
Andrew Lewer Portrait Andrew Lewer
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A more general answer to that extremely specific question is that it is important to have realistic goals and targets in country, so that those sorts of ways of trying to get around things are avoided. That is why commitment and passion need to be mixed with pragmatism and realism in seeking targets that are actually achievable.

Steve Double Portrait Steve Double (St Austell and Newquay) (Con)
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Before my hon. Friend moves on from that point, does the conversation that just took place not highlight the fact that there is little value in the UK reducing our carbon emissions to zero if we do not take other developed countries around the world with us? This is a global problem, and the UK eradicating carbon emissions in isolation from everyone else will have little impact globally.

Andrew Lewer Portrait Andrew Lewer
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That does indeed highlight the importance of leading by example, so long as that example is a significant carbon reduction coupled with a successful economy, rather than wholesale carbon reduction done in a way that leads to economic problems, which would lead to other countries deciding not to follow the example for obvious reasons.

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Andrew Lewer Portrait Andrew Lewer
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That is absolutely true. Although, of course, there are some things that are labelled green in which I have complete confidence, others cause serious concern for the reasons outlined.

Steve Double Portrait Steve Double
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My hon. Friend is being very generous. I cannot miss this opportunity to highlight the potential of lithium extraction in Cornwall being linked to geothermal energy, which will in itself be totally sustainable and carbon neutral. These are the ways in which the UK is leading the world in green technologies, which will help the UK to be a world leader in these things.

Andrew Lewer Portrait Andrew Lewer
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My hon. Friend’s commitment to his constituency and to this particular area is well known, and that was a well-chosen opportunity.

Another of my worries is that the Bill does not achieve what it sets out to. There are concerns that it could reduce the ability of co-operatives and community benefit societies to invest in green sectors. In its current form, the Bill would restrict rather than extend societies’ potential to take on mission-aligned investments for environmental purposes. If the intention is for more societies to raise more capital for environmentally beneficial activities, the legislation should provide capital-raising options that are useful for many societies in many contexts, rather than the limited number of circumstances to which the Bill limits it.

I am also aware of concerns that green shares—the main aim of the Bill—might unintentionally create a capital instrument with similarities to a mini bond, as has already been touched upon. That is something else that causes some difficulties. When Her Majesty’s Treasury’s review into regulatory arrangements, which includes mini bonds, is completed, the Government will need to carefully consider its findings before passing legislation that would in essence create capital instruments with similarities to those mini bonds.

Having been drawn in two Prime Minister’s Question Times in a row—this week and last week—and been drawn first for both private Members’ Bills today, I will not push my recent considerable luck any further, Madam Deputy Speaker, and will conclude. I am persuaded that the proper and right way to push towards the development of further green financial instruments is through a full consultation, which would give all parts of the sector a chance to put their views and the Government the chance to listen before considering introducing similar draft legislation. In some respects, I support the main ambition of the Bill, as do many of my colleagues, but in its current form, without extensive engagement with the sector, and for the reasons outlined in my speech and in some of the interventions, there remain some unanswered questions.

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Steve Double Portrait Steve Double (St Austell and Newquay) (Con)
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It is a pleasure to make a short contribution to this debate. I pay tribute to the hon. Member for Cardiff North (Anna McMorrin) for bringing the Bill forward and for her clear passion and dedication and her knowledge of these matters.

There is no doubt about the vital and valuable role that co-operatives play in our country—they are just one of the many diverse models of ownership and governance that we have. It is one of the strengths of our economy that we have such a diverse array of ownership models. Clearly, co-ops, often being rooted in communities for mutual benefit, can play a really important role. There are many aspects of the Bill that I wholeheartedly applaud.

However, in the time that I have, I want to say a few words about the other aspect of this debate: the environment and sustainability. In opening the debate, the hon. Member fell into the trap, which so many of those who are passionate about the environment and sustainability fall into, of failing to recognise the significant progress that our nation and this Government are making on this matter. We are world leaders in so many ways.

When people refuse to acknowledge or just avoid acknowledging the progress we are making, and refuse to engage constructively with the debate, they undermine the argument. That is becoming counterproductive. Environmentalism is becoming seen by more and more reasonable, decent people in our country as an extreme thing—that is clearly represented by Extinction Rebellion—with an agenda that is not just about protecting the environment but about dismantling things that have been the very fabric of our society and our economy for too long.

That is polarising the debate just at the time when we need our country to come together around this issue. I think we are winning the argument on this. I think more people than ever before in our country recognise the importance of fighting climate change and protecting our environment. However, when we polarise it and fall into the trap of making it an extreme issue, we put people off.

We need to recognise that we have all been on a journey on this matter. The whole country has been on a journey. Different people are on different parts of that journey at this moment in time, but I believe that generally, as a nation, we are all moving in the same direction: towards being world leaders, perhaps even more than we are today, on fighting climate change.

Anna McMorrin Portrait Anna McMorrin
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The hon. Member is right to say that climate change is a great threat to us, and we must be focused on tackling it right now in our communities and our economies. What he fails to say, though, is that this Government are set to miss every single international target on climate change. We need to make sure that the action is urgent. The action is needed now.

Steve Double Portrait Steve Double
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I understand and in some ways agree with the hon. Member’s point of view, but the point I am making is that when we when we make this an extreme argument, we put off more people than we win over. That is what I am genuinely concerned about. I have been on this journey too, and I am more passionate now than I have ever been in my life about the need to protect our environment and fight the consequences of climate change.

Steve Double Portrait Steve Double
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I will not give way again. But I know from my postbag that the events of the last few weeks have actually put off people who were on this journey with us. I am just putting down a marker and saying that I am genuinely worried that unless we stop polarising this debate—unless we stop just attacking and engage constructively—it will be counterproductive to the cause, which I am sure the vast majority of us in this place wholeheartedly agree with.

We should start by acknowledging what our country is doing—what our Government have been doing and are going to continue to do—in a constructive way. Yes, absolutely, there is more to do—none of us would say there is not—but if we can start by acknowledging what has been achieved and the commitments in place, rather than adopting the approach that so often comes from Opposition Members, I believe we would get far more people onboard and make far more progress.

My plea is simply: yes, we want more investment in green technologies; yes, we want more sustainable investment, under whatever model we choose for our economy, but let us do it in a way that is collaborative, seeking the same outcome and stop polarising the debate and giving in to the extremists. That is my plea. There are many things in the Bill that I wholeheartedly support, but I share many of the concerns that the Minister outlined about the unanswered questions. If we are really going to fight climate change in this country, let us do it together and stop attacking each other over it.

Covid-19: Future UK-EU Relationship

Steve Double Excerpts
Wednesday 15th July 2020

(3 years, 10 months ago)

Commons Chamber
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Steve Double Portrait Steve Double (St Austell and Newquay) (Con)
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I must admit that I thought we had left this sort of debate behind in the previous Parliament. It has been very refreshing, actually, sitting here through most of this afternoon and feeling a bit like the old experienced hand. For those of us who went through the previous Parliament—the late-night, knife-edge votes, really not knowing what was happening and the whole uncertainty—it has been refreshing to sit here and listen to the new intake of Conservative MPs who have been elected speak with such clarity, passion and commitment to deliver on what the people of this country voted for both in the referendum and in the recent general election. So I commend everyone who has contributed to what has actually been a proper debate. We have not been able to have enough of these proper debates, given the way Parliament is currently operating. Let us hope that, when we return after the summer recess, we can get back to something more like normality and have proper debates again.

I must admit that, although I really hoped we had left these debates behind, it was not a great surprise to see the SNP put forward this motion, because it does have a consistent reputation of wanting to overturn referendum results. It just seems that whatever people vote for in a referendum, the SNP is going to disagree with it and try to reverse it. Let us not pretend this is anything other than once again trying to delay Brexit in order to serve the SNP’s own political agenda, rather than doing what is right for our country. This Government were elected just over six months ago with a very clear mandate to get Brexit done and to deliver on that referendum result, and with a very firm commitment to not delay the transition period and not extend negotiations any further. I believe I owe it to my constituents and we owe it to the British people to keep our promise and deliver on that very firm commitment.

One thing that I know is absolutely clear is that the last thing we need in these negotiations is more time. I guarantee that, if we extended for another year, six months before the next deadline, we would be in exactly this same position and having exactly the same discussions. It is not more time that is needed; it is political will that is needed to get a deal done and to come to some mutually beneficial agreement with the European Union on the terms of what our future relationship will be. Let us be clear. We often seem to forget that we actually left the European Union six months ago. We have left the European Union. This debate is not about whether or not we are leaving the European Union. That has been settled. The only thing up for discussion with the EU is what it will agree with us in terms of our future relationship. That is absolutely clear.

Interestingly, many of those—in fact, I would say most of those—in the last Parliament who chose to try to undermine the democratic decision of the British people and to thwart, delay and muddy the waters of Brexit are no longer here. They paid a heavy price when they came face to face with the British electorate. One thing that the last referendum clearly showed is that the British people have a very clear sense of fair play. They expect that, when they vote for something, it gets done. That is true of the 2016 referendum and it is true of the last general election. They elected this Government to deliver on that promise, to not delay any further, to get Brexit done and to make sure that we leave on time.

We have heard it said a few times that we should handle only one crisis at a time. I do not quite understand that, because I see Brexit not as a crisis, but as a huge opportunity to deliver for the British people. But we are in the middle of a public health and an economic crisis and I respectfully say to SNP Members: if they think that we can handle only one crisis at the time, why are they trying to create another one by taking Scotland out of the Union and creating further uncertainty and disruption? What we need to do is pull together to deal with the challenges that we are currently facing.

It is quite clear that, over the past few months, the Union has been part of our strength in handling this crisis, and we need to continue that. Scotland has benefited hugely, to the tune of billions and billions of pounds from the UK Government supporting its economy. We need to stick together and we need to get Brexit done.

Economic Update

Steve Double Excerpts
Wednesday 8th July 2020

(3 years, 10 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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The good news is that we already have. The Prime Minister announced it, and I talked about it at the Budget: the affordable homes programme will increase from £9 billion to £12 billion over the next few years, a significant uplift in the amount of new housing delivery—180,000 new homes, from memory. With regard to the benefits of stamp duty, the evidence we have both from economists and HMRC is that the majority of the benefit of a stamp duty cut last time around, in ’08-’09, accrued to the buyers.

Steve Double Portrait Steve Double (St Austell and Newquay) (Con)
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As the chairman of the all-party group on hospitality and tourism, I warmly thank the Chancellor for his announcements today: thank you for listening to the sector and for what you have delivered, which will undoubtedly save tens of thousands of jobs and thousands of businesses. The Chancellor has done his bit, and businesses across the country have done theirs in getting ready to make our bars, pubs, restaurants and hotels safe to welcome customers. Does he share my view that what we now need is the British people to do their bit—to get out and spend money in our bars and restaurants—and will he join me in inviting everyone to come to Cornwall this summer?

Lindsay Hoyle Portrait Mr Speaker
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Let’s hope there’s sun in August.