AstraZeneca (Pfizer Bid)
Debate between Vince Cable and Jack StrawUrgent 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.
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Vince Cable
It is precisely because of the legal position that I have been studiously neutral on this matter. It is fair to say that there are elements of ambiguity—it is not absolutely clear—but the main position is exactly as the right hon. Gentleman described it: under the legislation we inherited from the Labour party, Ministers do not engage with decisions except in three very specific areas of public interest.
Mr Jack Straw (Blackburn) (Lab)
May I first say to the Secretary of State that whatever the defects of the 2002 legislation, which we have learned from experience, this Government have done absolutely nothing in four years to change that legislation, so I assume that they consent to it? Secondly, there is nothing in the legislation that, in the words of the Daily Mail today, requires the British Government or certainly the Prime Minister to go
“grovelling to an overseas corporation”.
Does the Secretary of State not accept that there has been a very sharp contrast between the neutral stand that he has tried to take and that of his fellow Ministers, including the Prime Minister, who have been supine in their approach to Pfizer?
Vince Cable
They have not been supine at all. My senior colleagues in government have been engaged in discussions with both companies, making the points about the national interest that I have stressed today.
I want to counter the point that the Government did absolutely nothing in response to the history of Kraft-Cadbury. One of the first things I did when I came into this job was to initiate a process that led the Takeover Panel to introduce very substantial reforms—the put up, shut up provision, which is the reason why we now have a 26 May deadline; the requirements for consultation; the requirements that directors have to take a long-term view in making decisions of this kind; and, crucially, the requirements of transparency. My opposite number has called in the press for transparency to be introduced, but it is already there: it was one of the changes introduced when this Government came into power.
Higher Education Fees
Debate between Vince Cable and Jack Straw(13 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text
Vince Cable
The consultation on the national scholarship scheme is still open to representations from the hon. Gentleman, vice-chancellors and others in order to achieve an objective that I hope he shares, which is to ensure that people from disadvantaged backgrounds achieve access to higher education. That is something the Labour Government failed miserably to do in relation to the Russell group universities. As it happens, the IFS looked at one of a series of options, but did not take account of the fact that, under our proposed scheme, those universities that wish to progress beyond the £6,000 cap will be obliged to introduce the scholarship scheme without the detrimental effects he described.
Mr Straw
I am grateful to the Secretary of State, but he knows that the central issue is the fact that the teaching grant is to be cut by 80%, the burden of which is to be transferred to students. That is justified by the Government’s assessment of the scale of the deficit. Yesterday, in evidence to the Treasury Select Committee, the Chancellor of the Exchequer admitted that he is anticipating tens of billions of pounds of receipts from privatisations not included in the comprehensive spending review. What estimate does the Secretary of State put on those receipts, and to what extent have they been taken into account in his calculations of the scale of the deficit and the cut to the grant?
Vince Cable
I am glad of that intervention from the right hon. Gentleman, who, given his history in the previous Cabinet, is—I think—a co-author of the package of measures we inherited, and which lacked progressivity. His intervention is helpful in directing us to the heart of the debate, which is the question of how we fund universities and where the money comes from. That is exactly what I now wish to deal with.
Higher Education and Student Finance
Debate between Vince Cable and Jack Straw(13 years, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text
Vince Cable
I very much agree; indeed, one of the incentives provided by this new system will be encouraging part-time courses, and therefore part-time learners, who have been discriminated against in the past. It will also bring pressure to bear on universities to improve their teaching performance, which is highly variable. In the university system, promotion tends to be earned through research rather than teaching quality. Universities will now have to attract students, so they will have to provide quality teaching throughout the system. That is one of the big advantages of the reforms we are undertaking.
Mr Jack Straw (Blackburn) (Lab)
The leader of the Liberal Democrats said on 28 April that increasing student fees to £7,000 would be “a disaster”. If it was a disaster on 28 April why is it not a disaster now?