Callum Anderson MP: speeches

Speeches

• 23 Jun 2025 · Topical Questions · Hansard source

  More

  Closing the disability employment gap is a matter of opportunity for disabled people in my constituency. I recently visited M&M Supplies, a stand-out company in Bletchley, not only for its many exporting successes but because a quarter of its workforce are adults with learning disabilities and difficulties—and that is thanks mainly to the vision of managing director Frank Purcell, who works with organisations like MK SNAP to run a work experience programme for adults with disabilities. What assurances can my right hon. Friend give me that this Government are committed to working with employers to ensure that no disabled people in my constituency are written off?

• 23 Jun 2025 · Topical Questions · Hansard source

  More

  T1. If she will make a statement on her departmental responsibilities.

• 18 Jun 2025 · HS2 Reset · Hansard source

  More

  I thank the Secretary of State for her statement and the candidness with which she has delivered it. The villages I represent in north Buckinghamshire, be they Turweston, Westbury, Quainton or North Marston—I know the hon. Member for Mid Buckinghamshire (Greg Smith) will be familiar with those communities—have for too long faced chaos and disruption from HS2 and its contractors. News that there will be yet more delay will cause them significant distress. Will the Secretary of State update the House and explain what additional practical support, financial or otherwise, her Department plans to give rural communities such as mine over the years ahead?

• 16 Jun 2025 · Topical Questions · Hansard source

  More

  Just two in five young people recall receiving any financial education at school, and those who did so often received less than an hour per month. While I welcome the Government’s Children’s Wellbeing and Schools Bill, which will require all schools to teach financial literacy, does the Minister agree that the curriculum and assessment review gives us an opportunity to go even further? Will she meet me to discuss how Government, industry and civil society can ensure that children in my constituency get this vital life skill?

• 13 May 2025 · Mansion House Accord · Hansard source

  More

  The Mansion House accord is clearly a welcome step in aligning the UK’s pool of domestic pension capital with long-term growth, greater economic sovereignty and financial security in retirement. For this to succeed, we need greater clarity in who is stepping up, so can the Minister update the House on what discussions he is having with the industry about how firms intend to report progress under the accord in a clear and transparent way?

• 12 May 2025 · Private Pension Pots: Young People · Hansard source

  More

  If we want young people, including those in my constituency, to believe in the value of long-term investing, they need to see that their pensions are helping to build the country that they live in and are not just distant markets. Will the Minister set out what steps he is taking to ensure that the Government’s pensions reforms encourage funds to invest more in UK infrastructure and hybrid companies?

• 22 Apr 2025 · Retail Investment · Hansard source

  More

  As I have mentioned ad nauseam since I was elected, my mum works for Morrisons, so I know the impact that various structures of ownership can have on workers and customers. My hon. Friend is right that that is one of the many factors that we should consider as policymakers. A £100 investment in Government gilts in 1900 would have returned around £463 by 2019. The same investment in UK equities would have yielded £35,000. Despite that, many Britons still keep the bulk of their money in cash. In the G7, only the citizens of Germany and Japan hold more of their national wealth in cash than we do. Inflation, even at modest levels, steadily eats away at its value. I believe that we must do more to help people feel confident in making smart, informed, long-term choices, and that starts with awareness, the right tools and advice, and trust. Let us take ISAs, the most commonly known product, as an example. In the 2022-23 financial year, the latest for which official statistics are known, more than 12 million adult ISA accounts were active, yet nearly two thirds of the total value—almost £290 billion—was held in cash. That is more than £290 billion earning very little return indeed. Some major high street banks, which I will decline to name, are at the moment offering as little as 1.35% interest on cash ISAs, yet we know that inflation has consistently outpaced that rate for the past four years; indeed, it has sometimes reached double figures. Many financial experts and advisers will rightly recommend keeping three, six or nine months of living expenses in cash savings. I know from my early career in financial inclusion charities that, for many households, possessing even £500 in emergency savings can often be out of reach. Let me be clear again: this debate is not about replacing or discouraging cash savings—far from it. It is about showing that even small investments—£10, £20 or £50 per month—can make a real difference over time. If more people invest, our economy will be stronger in the long run. Imagine if we could shift just 10% or 20% of that £290 billion towards more productive, growth-inducing assets. That would mean more companies starting, growing and scaling right here in the United Kingdom and, therefore, more jobs, better pay and more people gaining that crucial bit of additional disposable income to invest for themselves or, perhaps just as importantly, to enjoy life with their families. That is the virtuous cycle that I believe we all agree that we need to build. How can we—Parliament, Government, regulators and the industry itself—go about working towards that together? Ultimately, I believe that the UK would greatly benefit from a long-term retail investment strategy invested in by Parliament, Government, regulators and the industry. For the purpose of this debate, I think there are four immediate priorities. First, we need to simplify the ISA framework and reform it to better support British investment. There are four types of ISAs, each with slightly different rules. For many, that is simply confusing and, I think, off-putting. Why not consolidate those products into a single ISA, with stocks and shares ISAs the default but, crucially, people can still hold cash if they choose? The Government might also wish to consider reviewing the stamp duty framework on share purchases. Currently, it is cheaper for an individual investor to buy shares in Illumina than in Oxford Nanopore, in Lockheed Martin than in BAE Systems, and in Tesla than in Rolls-Royce. Is it time for us to ask ourselves whether we want to continue making it more expensive for Britons to buy British? Finally on this point, we should ensure that ISA tax exemptions align much better with the needs of the UK economy as a whole. Today, someone can put £20,000 in a tax-free wrapper that invests in companies that create no jobs in the UK, pay nothing into our Exchequer, generate no domestic growth and contribute no intellectual property or research and development. Should we as legislators be asking ourselves whether that is a good use of taxpayer subsidy? Is it time to look again at the original PEP—personal equity plan—model introduced by Nigel Lawson in the 1980s, which required at least 50% of the ISA allowance to be directed towards UK-focused assets? That could strike a better balance between supporting investment freedoms and choice, and the national interest. Secondly, we must boost, embed and entrench the virtues of financial education, because if people do not understand how investing works, they simply will not do it. I welcome the Government’s continued support for the Financial Conduct Authority’s review of the boundary between financial advice and guidance. It is really important that people can get timely and affordable help when making big financial decisions so that they can make the most of their money, but I think there is scope for us—for Britain—to go further. Let us be honest: as I said in my opening remarks, kids from wealthier backgrounds are more likely than those from less wealthy families to hear about compound interest, investment portfolios and ISAs at the dinner table. That is why financial education should form a part of everyone’s life, from school right through to retirement, so that people feel confident and well informed at every stage of their life. That means recommitting ourselves to properly implementing age-appropriate financial education throughout our school system, from basic budgeting and saving at a young age, to more sophisticated learning about investment, risk and long-term planning in later school years. This is not just about economics; it is about equity and fairness. Thirdly, we need to make it easier for citizens to engage with the companies they invest in. I believe that primarily means finishing the work of Sir Douglas Flint’s Digitisation Taskforce at pace, ending paper share certificates and creating a fully transparent modern shareholding system. However, it is also about access to information: right now, only the big top-tier institutions get first-class research; retail investors get patchy websites filled with jargon, if they get anything at all. The UK should be developing high-quality and accessible investment information, especially for those smaller UK firms that have the potential to be the Googles and Nvidias of tomorrow. Fourthly and finally, we must fundamentally shift the British culture and mindset into individual investing. Too many of our constituents still see investing as something that other people do—something for the wealthy, or the experts, or the lucky to do. We must challenge that mistaken perception head-on. Why not launch a modern, compelling and inclusive public awareness campaign—perhaps a 21st-century version of “Tell Sid”? It should focus on real people, real lives, and real, genuine, tangible benefits that people can see in their local community. It should be visible, too, in universities, in jobcentres, in community places and in our workplaces, because this is not just a personal finance issue; it is a national opportunity. I think that the case for retail investment is clear and I believe that this Labour Government have the chance to fuse their democratic socialism with a modern brand of democratic capitalism. By helping more people to invest in their own economy, we empower citizens, grow our companies and build a more prosperous country for everyone. I believe that capital markets can and should serve everyone, and that it is our job in this place to make that a reality.

• 22 Apr 2025 · Retail Investment · Hansard source

  More

  I beg to move, That this House has considered Government support for retail investment. It is a pleasure to serve under your chairship, Mrs Hobhouse. I thank my hon. Friend the Economic Secretary to the Treasury for joining us today and for her continued engagement on this subject, and I thank hon. Members from across the House for making time for the debate. I am grateful for the opportunity to raise the matter of retail investment in the UK stock market. This is about more than just the financial sector or the City of London; it is about how people across our country, from Sunderland to Swansea and Buckingham to Bletchley, can build more secure financial futures while helping the UK economy to grow. When people use their own money to invest in shares, Government bonds or other regulated financial products, that is a force for good. It gives them agency and an opportunity to own a stake in the companies that they work for, buy from and depend on in everyday life. At its best, it allows people from every corner of our country to share in the success of our economy, to grow their wealth, to build financial resilience and to prepare for life’s great milestones, such as weddings, and unexpected moments. Retail investment does not just help individuals; it helps companies, too. The capital that individuals invest provides the fuel for companies to expand, innovate and create jobs in every part of the UK. That is good for productivity, wages and Britain’s international competitiveness. Having more individual investors also strengthens our financial markets. They bring more stability, deliver more liquidity to our capital markets and provide a stronger base of support for UK quoted companies, making them more resilient to global shocks—be they pandemics or unexpected impositions of tariffs—and better equipped to focus on building their commercial offer. The UK has a proud history as a global financial centre. We attract capital from across the world, and we should be proud to do so. We used to pair that with high levels of retail participation by British citizens, but sadly that has changed. The data paints a stark picture. In the early 1960s, individuals in the UK owned, by value, a little over half of all shares traded on the London stock exchange; today that figure is barely 10%. At the same time, overseas ownership of UK shares has risen to almost 58%. What is more, according to studies from the London-based New Financial think-tank, the proportion of UK households that directly own shares has halved in under two decades, from 22% in 2004 to just 11% in 2022. That is far below the proportion in many developed countries, such as Sweden, where over a fifth of households own shares. There are many interconnected reasons behind those trends, and I do not propose to examine each in detail right now. Of course, some people simply cannot afford to invest, particularly when the cost of living remains high; others feel that they do not know where to begin or do not trust the system to work for them; and many are simply more comfortable with cash, even though it often fails to keep pace with inflation.

• 22 Apr 2025 · Retail Investment · Hansard source

  More

  My hon. Friend is quite right; it is really important that we encourage women and other under-represented groups to invest and participate in owning a part of their economy. By encouraging retail investment we are able to reduce a variety of wealth gaps, including the gender wealth gap. I should add that there is a social justice element, too. People from middle-class or wealthier families are simply much more likely than those from ordinary working-class backgrounds to be exposed to the range of financial options available. That creates an asymmetrical divide in confidence, knowledge and opportunity. This matters because when UK citizens own less of their economy, the consequences are much more than just financial. It affects the efficacy of our economic model, the shape and direction of our growth path, our ability to support home-grown innovation and even, as we have seen in recent weeks, our economic sovereignty. If we want a strong economy that genuinely works for everyone, we must do what we can to help more of our constituents take part in it, not just as workers or consumers but as co-owners. I want to reiterate that this is not about helping the City of London. It is about helping everyday people—our constituents—make the most of their money and have a say in the companies that are shaping their lives. We know that long-term investing consistently outperforms keeping money in cash savings or bonds.

• 22 Apr 2025 · Retail Investment · Hansard source

  More

  I had no idea, Mrs Hobhouse, that this was the first Westminster Hall debate that you have chaired. Given that we have 20 minutes left, hopefully this is the start of a good track record for you of ending debates in time. Once again, I am really grateful for the opportunity to bring the debate to Westminster Hall, and to the Members from all parts of the political spectrum who have contributed in a thoughtful and considered way. And as I said at the beginning, I thank the Minister for her continued engagement and patience with me as I bring the issue up again and again. Clearly, there is a lot of cross-party political consensus. There is therefore a big opportunity for Britain to reinvigorate our capital markets and, as the hon. Member for St Albans (Daisy Cooper) said, to ensure we can democratise share ownership. I again thank everybody for spending an hour of their time contributing to the debate. Question put and agreed to. Resolved , That this House has considered Government support for retail investment.

• 8 Apr 2025 · Investment: Regulatory Policies · Hansard source

  More

  The Minister will know that both domestic and international investors are often influenced by decisions taken by multiple agencies, regulators, and indeed Government Departments, which is why consistency is key. Can the Minister update the House on how the Treasury is supporting a whole-of-Government and whole-of-regulator approach to delivering coherent UK regulatory frameworks that strike a balance between protecting consumers and boosting the global competitiveness of the UK economy?

• 8 Apr 2025 · Investment: Regulatory Policies · Hansard source

  More

  12. What assessment she has made of the potential impact of her Department’s regulatory policies on trends in the level of investment.

• 3 Apr 2025 · Topical Questions · Hansard source

  More

  T4. Grassroots football clubs such as Bletchley Scot FC are inspiring the next generation of girls and boys to take up the beautiful game. When I visited them last month, they told me that securing funding for modern sports facilities was their top priority, but that engaging with the Football Association was incredibly challenging. Can the Minister set out what steps she is taking to work with the FA at the local and national levels?

• 3 Apr 2025 · UK-US Trade and Tariffs · Hansard source

  More

  I thank my right hon. Friend for his statement. Yesterday’s dramatic shift in US trade policy marks an historic abdication of the principles of open commerce and global trade that have underpinned the economies of the western world since the end of the second world war. Tariffs bring no winners—there are only losers, through higher costs for consumers and higher barriers for business and industry. Will the Secretary of State set out how the Government are working with international institutions such as the World Trade Organisation to prevent further escalation and position the UK as a leading champion for open markets?

• 2 Apr 2025 · School-based Nursery Capital Grants · Hansard source

  More

  I thank the Secretary of State for her statement, and warmly welcome the inclusion of Great Horwood Church of England school in the first round of funding. Like every school leader in Buckinghamshire, Milton Keynes and the country as a whole, the school’s headteacher, Paula Shaw, is working tirelessly to ensure that all children and their families have the opportunity to thrive. Does the Secretary of State agree that it is vital to ensure that parents in both urban and rural communities never have to choose between their families and their jobs?

• 13 Mar 2025 · Regulatory Environment · Hansard source

  More

  Over eight years and four Prime Ministers, the last Conservative Government commissioned review after review into UK corporate governance and audit reform, and delivered absolutely nothing. For UK plc to be globally competitive, we need robust corporate governance frameworks which balance the needs of investors and society for information with the administrative burdens on companies. Will the Minister update the House on what progress his Department is making on bringing forward an audit reform and corporate governance Bill?

• 13 Mar 2025 · Regulatory Environment · Hansard source

  More

  3. What steps his Department is taking to improve the regulatory environment.

• 10 Mar 2025 · Crime and Policing Bill · Hansard source

  More

  I will not, just because there is so little time and too many people want to speak. That is why the Bill’s introduction of the new offence of assaulting a retail worker is so important. It is also why I welcome the new respect orders, which will give the courts the power to ban repeat offenders from retail premises. Ultimately, this is a Bill that delivers for retail workers and ensures they are given the respect and dignity they deserve. That is why I will be supporting it tonight.

• 10 Mar 2025 · Crime and Policing Bill · Hansard source

  More

  I am pleased to support the Bill, which will be welcomed in urban and rural communities across Buckingham and Bletchley. Given the time constraints, I will focus my remarks on part 3, on the protection of retail workers. I have a particular interest in Britain’s 3.5 million retail workers, not least because my mum is one of them, having worked on the shop floor at Morrisons for over 20 years. During that time, she has seen it all—the good, the bad and the ugly. In my conversations with her, particularly over the last decade, two themes have become much more prevalent, and they have already been raised by Members on both sides of the House. The first theme is the increasingly casual and habitual nature of shoplifting and other retail crime. Data from the British Retail Consortium suggests that this is already costing businesses across the country more than £2 billion a year. In the Thames Valley police area, retail crime rose by over a third between April 2023 and February 2024. This year alone, the Co-op store in Winslow has faced two violent raids aiming to remove its cash machine. This is not just petty crime; too often, it is organised. It is this kind of emboldened criminality that must be stopped. Such activity is not just a blot on a company’s balance sheet; it punishes good-faith customers and demoralises the workers, who take pride in the work that they do. That is why I welcome the repeal of section 176 of the Anti-social Behaviour, Crime and Policing Act 2014, to finally call time on Britain’s open invitation to criminals to steal goods worth £200 or less. Secondly, I want to touch on the growing occurrence of abuse and the threat of violence faced by too many shop workers in their workplace. In a 2024 survey of USDAW members, more than two thirds of retail workers revealed they had been verbally abused, almost half had been threatened, and one in five had been physically assaulted while doing their job. That is clearly totally intolerable. Nobody in this country should go to work fearing for their own physical safety. I believe that we in this House, with our security guards and our armed police, have a particular duty to ensure that those who work in our shops feel just as safe as we do.

• 27 Feb 2025 · Topical Questions · Hansard source

  More

  T8. Football clubs are far more than 90 minutes of entertainment on match day; they are also powerful engines of community outreach, which provide a lifeline for vulnerable people. In the Buckingham and Bletchley constituency, Milton Keynes Dons Sport and Education Trust offers a variety of programmes for those battling dementia or who have suffered from brain trauma or stroke. Can the Secretary of State explain to the House how the Football Governance Bill will help the ability of clubs to continue providing those programmes?

• 23 Jan 2025 · Topical Questions · Hansard source

  More

  T9. Earlier this month, the Chancellor rightly went to China to put our UK-China relations on a more pragmatic footing. Will my right hon. Friend update the House on what assessment he has made of the National Security and Investment Act 2021 to ensure that it remains fit for purpose in safeguarding the UK’s economic and national security as we cultivate new commercial links?

• 23 Jan 2025 · Agricultural and Business Property Reliefs: OBR Costing · Hansard source

  More

  Does my hon. Friend agree that, once again, the Conservative party has failed to agree with the tough decisions we have made and has no idea how to raise the revenue to finance the public services that benefit rural communities like mine in north Buckinghamshire?

• 21 Jan 2025 · Topical Questions · Hansard source

  More

  Recent developments in the UK investment trust sector have once again shone a light on the crucial role that retail investors play in our financial markets. In her Mansion House speech last November, the Chancellor rightly prioritised leveraging domestic pension capital to drive the Government’s economic growth mission. Does the Minister agree that greater retail participation in UK financial markets also supports growth and democratises wealth, and will she meet me to discuss how the Government can better support access to financial markets for individuals, including in my constituency?

• 14 Jan 2025 · UK-China Economic and Financial Dialogue · Hansard source

  More

  I thank the Chancellor for her statement. Can she set out in more detail how the Government intend to help reinvigorate the UK-China stock connect, so that UK companies and investors can access Chinese capital markets and vice versa?

• 12 Dec 2024 · Chancellor’s Mansion House Speech: Funding Plans · Hansard source

  More

  9. What steps his Department is taking to support the delivery of the funding plans outlined in the Chancellor of the Exchequer’s Mansion House speech.