Jesse Norman MP: speeches 2025

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Speeches

  • 23 Jan 2025 · Business of the House · Hansard source
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    Will the Leader of the House give us the forthcoming business?

  • 16 Jan 2025 · Business of the House · Hansard source
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    Will the Leader of the House give us the forthcoming business?

  • 16 Jan 2025 · Business of the House · Hansard source
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    I am sure that the Leader of the House and every Member will join me in welcoming the news overnight of a ceasefire in Gaza. Let us hope and pray that it is as effective, comprehensive and long-lasting as possible. Back at home, all one can say is that it has been another extraordinary week for the Government, though possibly not in the way that they would have wanted. We have had the Government’s anti-corruption Minister herself being named for corruption by another country in the face of an international investigation into embezzlement of development and other funds. We have had the unusually unlovely sight of the Chancellor of the Exchequer in a desperate search for growth that has taken her to Beijing and back—though with precious little result, it seems. The Institute of Chartered Accountants in England and Wales said this week that stagflation—that toxic combination of recession and inflation—is now “a live risk”. Even the very, very modest GDP growth reported for November was below expectations. At some point, the Government’s current spending splurge will doubtless start to nudge growth upwards over the coming year, but in the meantime we will have to look forward to the grim prospect of the national insurance changes in April and the horrors of the Employment Rights Bill, which even by the Government’s own estimates will cost employers an extra £5 billion a year. So dire has the Chancellor’s position become that she has been forced to ask Cabinet colleagues for ideas of growth. Given the galaxy of business talent around the Cabinet table, how can that possibly go wrong? Meanwhile, the Prime Minister has been forced not only to express “full confidence” in the Chancellor—always a death knell—but to insist that she will remain in post for the full period of this Government. Let us see how that works out. It has been extraordinary, in particular, to see her attacked by her own colleagues, who have said: “we’re going back to austerity in all but name.” Luckily, the Government were able to announce some good news in the form of the latest results of the national wealth fund, which has apparently generated more than 6,000 jobs and £1.6 billion in private investment over the last six months—except that the announcement is, I am afraid, entirely disingenuous. As Lord Livermore said in a debate in the other House in October, the national wealth fund is, in fact, the UK Infrastructure Bank with a new name and a bit more capital. I know something about the UK Infrastructure Bank, because I set it up in 2021 when I was Financial Secretary to the Treasury. It has an absolutely world-class leadership team and I am not remotely surprised to see it doing so well. But the idea that its recent success is attributable to a Labour Government who have done little more than rebrand it is an embarrassing joke. Its success has been powered by good institutional design, a top team, tonnes of talented employees and more than four years of hard work. One recalls the Government’s attempt to claim credit for £63 billion of international cash in the October investment summit. I know the Leader of the House is a strong believer in transparency and accountability, so will she have the Treasury update the House on what form that investment has taken, how much of it has been received and where it is being spent? Frankly, it is more than doubtful that three months of post-election chaos in the Government had any such effect in boosting investment, but we will see when the Government publish the numbers, as I am sure they will. If it turns out like the so-called national wealth fund, we will know that the Labour Government are more than happy to take credit for at least some of the work of the previous Government, provided that they can put their own name on it.

  • 15 Jan 2025 · Rivers, Lakes and Seas: Water Quality · Hansard source
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    I congratulate the hon. Lady on securing this debate on an immensely important topic, and I am grateful to you, Mr Dowd, for allowing a quick intervention from a shadow Front Bencher on a matter of great constituency interest. She will be aware that I and others have tried to fight this battle for at least four years. Will she support my request that the Government look again at the plan for the River Wye and, even if they do not adopt the detail of it, at least preserve the £35 million of funding pledged by the previous Government, or something close to it, to support the restoration of the river?

  • 9 Jan 2025 · Business of the House · Hansard source
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    Madam Deputy Speaker, may I start by wishing you a very happy new year? I hope that all colleagues in the Chamber had a zestful and restful Christmas. I also pay tribute to those members of the House Service who were honoured in the recent honours list. The new year is always a time for new starts and fresh beginnings; a time when people step back, look at themselves in the mirror, pinch an inch or two, and perhaps make a few resolutions—lay off the pies, resist the siren call of the cheeseboard, spend less on self-indulgences and more on things that matter, take themselves in hand, and perhaps try to manage things a bit better. The Government might consider adopting these new year’s resolutions for themselves. After all, by any standards, their first six months in office have been pretty catastrophic. They have had six happy months blaming everyone else; now they need to take responsibility and lead. We have seen how the Budget continues to have devastating effects, both on key sectors and more widely. Just a few weeks ago the National Institute of Economic and Social Research warned that the UK economy did not grow at all in the fourth quarter of last year. High street retailers have reported their worst sales decline since covid, both offline and online. Business confidence is at a four-year low. Employment continues to fall, and job vacancies are at their lowest for three years. Only this week we saw that long-term interest rates in the gilts market, as very well highlighted by the shadow Chancellor in this morning’s urgent question, have risen to their highest level since 1998, 27 years ago—that was before some Members of this House were born—reflecting severe investor worry about Labour’s spending plans and about increased UK vulnerability to increases in the national debt. The Government cannot blame that on the past. It is a straight judgment on their own credibility, and it is costing this country dearly every day. The problem is not just that the Government have damaged key parts of the economy with their Budget decisions; it is that the long-term effect of those decisions is so counterproductive. The CBI has calculated that the Government’s raid on inheritance tax will cost £1.25 billion more than it raises. The Chancellor has said: “I’m really clear, I’m not coming back with more borrowing or more taxes.” Last month, she specifically ruled out an emergency Budget in the spring. The effect of these rising interest rates is to reduce fiscal headroom and make new tax rises or spending cuts very possible—indeed, some would say almost inevitable. We must wait to see whether that means emergency tax rises or an unexpected fiscal event in the spring, with a detailed investigation by the Office for Budget Responsibility. That also raises the question: how can the Government plan a spending review at all if they are not in control of the public finances? The damage will not be just to the Chancellor’s own reputation; it will damage the pockets of every person in every household in this country. As we think about the new year, what resolutions should the House encourage the Government to adopt? I suggest three. First, stop taking politically driven measures that actively hurt the economy. Stop punishing the retail and hospitality sectors, which give so many young people their first jobs. Stop attacking farmers and the rural economy. Stop the madness of the Employment Rights Bill, which will make it harder than ever to start and build a business. We should be celebrating and rewarding drive, energy, aspiration and entrepreneurship, not undermining them. Secondly, come clean to the people of this country about the Government’s own uncertainty, conflicts and incompetence. We have had endless announcements about new commissions and initiatives, each testimony to Labour’s hopeless lack of planning before the election. We had a delayed autumn Budget and this year we will have a spending review that, if it is not derailed by fiscal events, could easily last until June or July, building up to a full year of stasis and stagnation since the general election. A final resolution might be to show us some leadership. The Prime Minister pointed out, and rightly so, that in 2010 the incoming Government inherited public finances in desperate need of repair. He said “we cannot tax our way to prosperity or spend our way to better public services.” Those are refreshingly honest, cross-party recognitions of the difficulty of government, but when it comes to action, what have we seen? Dither, delay and divisive policy making. Reform of social care is a huge issue for millions of people across this country and could lift huge burdens from the NHS, yet this week we learned that, despite all Labour’s promises of change, it has been kicked into the long grass. In closing, this Government were elected to own key issues and to address them, not to avoid the hard problems, parrot the usual political lines, blame other people and play nice to their friends in the unions. They need to stop blaming others, get on and show the country they can lead.

  • 9 Jan 2025 · Business of the House · Hansard source
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    Will the Leader of the House give us the forthcoming business?

  • 8 Jan 2025 · Trial of Lucy Letby · Hansard source
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    My right hon. Friend will be aware that there is a family connection with my constituency of Hereford and South Herefordshire. What he says is deeply troubling and distressing on so many different levels, and I would like to ask whether his conclusion is that there is some case in justice to consider this an unsafe verdict.

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