argyrotsipi/train-dataset huggingface dataset:
UK Economy — House of Commons, 2016-06-29
Topic: Macroeconomics
James Roger Cartlidge (Conservative, Centre-right): I am not an expert on "Erskine May", but I understand that this slot was allocated for an Opposition day debate—[Interruption]—and there was a statement on the European summit I campaigned passionately for a remain vote, and I argued positively. I always set out what I thought was the positive case, but I have to say that in my view the negative case was made too often. We created a "cry wolf" situation: if we warn about some things too often, people eventually ignore us even when we are right. We must be honest and say that some of those predictions are coming true I believe that the country can come through this, come together and be stronger eventually, but if we are to do so, we initially have to recognise what we have lost and the strength that we have given up. The best way to look at this is to think of a very good Gwyneth Paltrow film—I do not know whether you have seen it, Madam Deputy Speaker—called "Sliding Doors". We know what has happened: we have had the resignation of a great one nation Conservative Prime Minister; we once again, having reopened Pandora’s box, have the issue of Scotland; we undoubtedly, whatever the indices are showing, have turbulence in the financial markets; and we have profound uncertainty. The very best we can say is that we have a crisis of uncertainty. We hope that that will not be manifested as real pain in the economy, but it is quite obvious that there is a genuine risk of that and we must deal with it. As I said when I intervened on the shadow Chancellor, Fitch has issued a very serious warning of a 5% reduction in investment this year. The biggest threat is what might happen to inward investment. We must remember the current account deficit issue and the fact that the country is completely dependent on inward investment. If the big foreign firms look at this country less positively, we will pay a high price I mention "Sliding Doors" because if we had boarded the other tube train going to "Remainia" in the referendum —oh, how I wish that had been the case—
UK Economy — House of Commons, 2016-06-29
Topic: International Affairs
James Roger Cartlidge (Conservative, Centre-right): The hon. Gentleman has a fantastic sense of humour himself, as does his party If we had boarded that tube train and gone down that route, our Prime Minister would have been in post for years to come, and our stock market, our economic confidence and our currency would have strengthened. We would not have put permanently to bed but would have very strongly put to one side the two big constitutional issues of Europe and Scotland that have bedevilled our politics for so long. Instead, we have instability again We have to recognise that if we had remained, we would have had a very strong position, rather than all this uncertainty and weakness. For me, whatever arrangements are negotiated for the future, they must compensate for that and restore the strengths and assets that we had, not least the fact that British has historically been seen as a beacon of trust. It has been seen as a country into which people would put their life savings, and there is a profound sense around the world that we have respect for the rule of law, and that we are stable, sound and all the rest of it. At the moment, one could forgive the world for thinking that that was not the case, as certainly seems to be true in other European countries How do we restore those strengths? First and foremost, when we enter into negotiations, we have to decide on the principles—just as with a Bill, we have a Second Reading debate about its principles—and we need to decide on the principles of the negotiations we will have with our European partners and on the fundamentals about how we go forwards. I want to focus on three key points The first point is openness, to which I referred earlier. To me, one of the most extraordinary comments during the referendum was when, after concerns were raised about steel, a key figure in the leave campaign said that if we left the EU, we could unilaterally impose tariffs on Chinese steel. There may be a strong case for doing so, but that betrayed the fact that when the argument becomes nationalistic, particularly economically nationalistic, there is inevitably a threat of protectionism. We have heard many times about how Britain would negotiate good trade arrangements, and about how, since we have deficits with the EU, its members will want to trade with us—after all, look at how many cars we buy from them. Implicitly, the point was therefore that if they did not want to trade with us, we would consider protectionism.
UK Economy — House of Commons, 2016-06-29
Topic: Foreign Trade
Christopher Laurie Malthouse (Conservative, Centre-right): I realise that my hon. Friend and I were on different sides of the argument, but does he recognise that the EU is a protectionist bloc? The EU is a common tariff area whose members collectively impose significant tariffs on other parts of the world, some of which are impoverished third world nations.
UK Economy — House of Commons, 2016-06-29
Topic: Government Operations
James Roger Cartlidge (Conservative, Centre-right): The hon. Gentleman is making a fantastic speech and I agree with the sentiments that he has expressed. Is it not the case that, in the best case scenario, it is inevitable that a huge amount of Government energy and time will be diverted to legal wrangling and other issues? We should be focusing on the huge issues that the country faces.
UK Economy — House of Commons, 2016-06-29
Topic: Macroeconomics
Huw William Merriman (Conservative, Centre-right): I absolutely agree with the hon. Gentleman. There were some who really needed more punishment than they got, while others took a huge amount of punishment, but those services are still a great exporter for UK plc The events on that day in 2008 were an enormous shock, and I remember them well. I worked with a guy from another bank—the largest international and commercial bank—who was in control of its legal department. He said he had spent that weekend dealing with Lehman Brothers as it fell over. He then spent the following week dealing with one of the other largest banks as it fell over. The week after that, his own bank fell over as well. Back then, those of us who were there remember feeling that money was just not safe in any financial institution at all. People might be fearful right now, but I ask Members to cast their minds back to 2008 when things felt even more uncertain I also ask the House to recognise that, in the past six years, the economy in this country has got better. We have recovered. Who would have thought we would reach a position in which 2 million new jobs could be created? Perhaps the decision on the European Union has been such a great shock because we have once again got used to a form of stability.
UK Economy — House of Commons, 2016-06-29
Topic: Macroeconomics
Jeremy Mark Quin (Conservative, Centre-right): I can assure the hon. Member for Kirkcaldy and Cowdenbeath (Roger Mullin) that I arrived here to help after the events in question. My hon. Friend the Member for Beckenham (Bob Stewart) mentioned the fact that the markets have bounced back, and it is good that they have done so, but we should all be aware that they will be volatile and they will fluctuate. They will go up and down, but what matters is the long-term momentum in our economy and particularly our ability to attract ongoing inward investment. Our minds must soon turn to how we can ensure that that tap has not been turned off, either through infrastructure investment or through fiscal measures to encourage investment into our country.
UK Economy — House of Commons, 2016-06-29
Topic: Foreign Trade
Huw William Merriman (Conservative, Centre-right): My hon. Friend has great experience in these matters and I agree with everything he has just said. I shall now press on because I am conscious of the time I was talking about the three emotional states that I came across during the events of 2008, and the best of those was demonstrated by those who put their heads down and tried to work through the chaos. Being a believer in such action, I stayed on with the Lehman Brothers estate for seven years to manage the team of lawyers that was dealing with the claims, worth tens of billions, that were made against the estate as well as those that the estate made against other trading entities. For 18 months, I led a team dealing with a multibillion-pound case against a large international bank that had locked up our custodial assets to use against its own claim. Rather than litigate across the globe, we negotiated with the bank and ended up settling to both parties’ satisfaction, drawing up a new trading agreement to continue future business. I hope that that is a metaphor for what can be achieved with our European partners. As a result of that success, Lehman Brothers claimants, who originally feared getting only 10p in the £1, will end up with nearer £1.50. It became such a sound and safe investment that we struggled to get claimants to take their money out because they wanted interest to continue to accrue I use that example because, at the time, the situation looked hopeless to staff and financial stakeholders alike, and I recognise that that is how much of our population sees the UK’s plight following the referendum. I hope that, over time and with the right team in place, a better outcome can be delivered for the UK. Only time will tell whether our economy will be stronger outside the European Union than inside, but what is in our hands is putting in place an experienced civil service team with the qualities to deliver for the UK and then giving them the time and space to come up with a strategy and allowing them to implement it. While we have discussed many of the trading principles that we would like to see in place, I urge the House to think more soberly about the type of people that we have to fight for them. From experience, I would say that that is as important as the cause itself That approach, with sufficient transparency in the process, is what will give the population the reassurance that they so badly need at this uncertain time. I look forward to calls from across the House saying that the House should work together and add all its experience and support to the process, so that we can support all the people in this country.
UK Economy — House of Commons, 2016-06-29
Topic: International Affairs
Gregory William Hands (Conservative, Centre-right): I thank the Opposition for tabling this motion and giving the House the opportunity to reflect on the momentous events of the past week. I also congratulate the hon. Member for Salford and Eccles (Rebecca Long Bailey) on her meteoric promotion to the shadow Cabinet. My right hon. Friend the Chancellor has already congratulated her, but I thought it worth repeating in case there have been any further changes in the past three hours. In all seriousness, I welcome her to her role, and I wish her good fortune in what could be a difficult time in the Labour party It is two weeks to the day since we last gathered in the Chamber to debate whether it was in our best interest to stay in the EU, or whether to plot our own course ahead—indeed, I had the last word for the Government in that debate, but we have seen what can happen in two weeks. I said that although I believed the EU needed reform we were better off in. Many hon. Members on both sides of the House spoke in support of that view, just as others—again, on both sides of the House—put the case to leave. That is the mark of a good democracy. With such a big decision about our future, it was right that the ultimate choice was for the people who make this country what it is. In the past few months and years, this has not been a question confined to the halls of Westminster. It is one that has been debated in homes and streets, on the way to school and on the way to work. Last Thursday, we braved a typical British summer in large numbers to each have our own say on the question. That is the mark of a healthy democracy. Now we have made the collective choice to leave the European Union, countries around the world will see at least that Britain has a Government who listen to the direction its people set and plot their course accordingly. I am sure my hon. Friends will agree that that is the mark of a true democracy.
UK Economy — House of Commons, 2016-06-29
Topic: Macroeconomics
Gregory William Hands (Conservative, Centre-right): This may come as news to the hon. Gentleman—he was not here in the previous Parliament, although some of his SNP colleagues were—but we had a very extensive set of debates, including a number of votes, on the future of the House of Lords. I do not think that, at this time of great interest in the nation’s constitutional affairs, another debate about the future of the House of Lords would be sensible We heard some very good speeches, including from my hon. Friend the Member for South Suffolk (James Cartlidge). I agree with him that it is no use going back to what might have happened. We need to move forward in reasserting our strengths as a nation and as an economy. I could not agree with him more that we need to continue with a fiscally prudent regime and build a surplus before the end of this Parliament.
UK Economy — House of Commons, 2016-06-29
Topic: International Affairs
Gregory William Hands (Conservative, Centre-right): The fiscal rules provide for action in the event of particular eventualities. I do not see a need to revise the rules at the moment. We move forward from here. The most important thing is for all of us to unite in moving forward and to make the best possible case for our renegotiation in the European Union We heard from the right hon. Member for Birmingham, Hodge Hill (Liam Byrne), who is a predecessor of mine in this role. I totally agree with him about being loud and clear on the rights of existing EU nationals in this country. I can tell him that my own wife, Frau Hands, would very much agree with him as well.
UK Economy — House of Commons, 2016-06-29
Topic: Macroeconomics
Gregory William Hands (Conservative, Centre-right): I am going to talk a little more about the debate My hon. Friend the Member for Thirsk and Malton (Kevin Hollinrake) made a very powerful speech, referring to his very strong business background. Like me, he strongly supported the remain campaign. He made strong points about business and the importance of making sure we secure business and trade in our new arrangements The hon. Member for Ilford North (Wes Streeting) said he is one of the youngest Members of this House and that he had not been alive when the country had been outside the European Union, which is food for thought. All the years he has been alive, the country has been in the European Union. He was right to say that if an economy goes wrong, it is very likely to be the poor who suffer most. That would also apply in London, which we both represent. He issued a warning to the skeleton Front Bench of his own party. It is not appropriate for me to reflect too much on that, but I am sure his points landed with those he wished to make them to My hon. Friend the Member for Bexhill and Battle (Huw Merriman) made a strong contribution. He made an interesting observation at the beginning of it, when he said he hosted debates with high-quality speakers in his constituency and came away thinking that they did not seem to sway voters either way. He also said that the economy will bounce back if we act with resolve, which was an important point We then heard three speeches from Scottish National party Members—the hon. Members for Kirkcaldy and Cowdenbeath (Roger Mullin), for Ross, Skye and Lochaber (Ian Blackford) and for North East Fife (Stephen Gethins)—and I have taken a couple of interventions from them. They made impassioned speeches and some pretty familiar points.
UK Economy — House of Commons, 2016-06-29
Topic: International Affairs
Gregory William Hands (Conservative, Centre-right): Yes, it will include the Home Office, and it will advise on the many options we face as we determine our future relationship with the EU. As Chief Secretary to the Treasury, I expect to play my own part in that task over the coming months.
UK Economy — House of Commons, 2016-06-29
Topic: International Affairs
Gregory William Hands (Conservative, Centre-right): The Government have been loud and clear in condemning these events, and a statement was made earlier on what the Government are doing in response. A vote to leave the EU is not a vote for hatred and intolerance; it is not a vote to turn our backs on our European friends; and it is not a vote to pull up the drawbridge and turn away from the world. At the same time as we find the best way forward for this country, we must uphold the very best values This debate has moved on from a fortnight ago. It is no longer a question of whether we should leave the EU, but how. We have got our decision; now is the time for all of us to roll up our sleeves, get on with the job and keep building the best future for this country. I have every confidence that this is precisely what our hard-working people will do; it is precisely what our businesses will do; and it is precisely what this Government will do. Investors across the world will see that our economy is fundamentally strong and that we are still very much open for business. In government, we will continue to build on those foundations to seek the best opportunities for people across the UK. That has always been our aim, and it will remain our aim as we plan the way ahead Question put and agreed to. Resolved, That this House recognises the risks posed to the UK economy following the decision to leave the European Union; notes with concern the loss of the UK’s triple A credit rating, the potential output cut, potential job losses, risks to investment and the volatility in the equity and currency markets; and calls on the Government to bring forward measures to protect jobs and support businesses in the nations and regions in relation to the short, medium and long-term potential consequences of the referendum decision, and to address the current threats to community cohesion.
Centenary of the Battle of the Somme — House of Commons, 2016-06-29
Topic: International Affairs
Andrew William Murrison (Conservative, Centre-right): The hon. Gentleman is absolutely right, and I suspect he will have closely followed the programme over the past two years and will continue to monitor it closely over the next two years, leading up to armistice in 2018 As I was gazing over Scapa Flow a few weeks ago, I wondered how many seamen in Jellicoe’s grand fleet, or in Scheer’s high seas fleet, would have guessed that their countrymen would be spending most of the ensuing 100 years as the closest of allies, united in the most powerful alliance that the world has ever seen. On Friday, we will be standing shoulder to shoulder with another friend and ally at a very special Anglo-French place, the Thiepval monument on the Somme, in the lee of which there are 300 French and 300 British graves. It is a special place; a haunting place. It was Lutyens’s great triumph—a monument to the missing, but more than that: an enduring monument to the unity, I think, of Europeans, and particularly our unity with our closest continental neighbours At this time of historic opportunity and risk, let us make the centenary’s legacy one of amity and concord in our European neighbourhood. Here at home, too, we are desperately in need of a coming-together moment. The Somme vigil on Thursday night, and the silence at 7.30 on Friday morning, will, I hope, facilitate such moments of quiet reflection.
UK Involvement in Rendition — House of Commons, 2016-06-29
Topic: Law and Crime
Keith Robert Simpson (Conservative, Centre-right): I am a member of the ISC and I am sure that the right hon. Gentleman would accept the fact that we are in the midst of a major investigation into rendition. There is nothing that we cannot see. There is no one within the Government or the agencies, past or present, whom we cannot question. The only restriction, of which the hon. Member for Llanelli (Nia Griffith) will be aware, is that, by the very nature of our Committee, the questioning of the agencies themselves has to be done by us; otherwise they would not appear. However, I can assure him that our Committee is following every line that he and others are raising.
Inward Investment — House of Commons, 2016-04-20
Topic: Foreign Trade
Maria Colette Caulfield (Conservative, Centre-right): I echo the sentiments of condolence expressed by the Secretary of State, and I thank her for her reply. What benefit does she think this inward investment will bring to the local economy of Northern Ireland? In particular, what steps are being taken to ensure that all communities will benefit from it?
Inward Investment — House of Commons, 2016-04-20
Topic: Macroeconomics
Theresa Anne Villiers (Conservative, Centre-right): There has been significant investment in Northern Ireland in recent years, and it continues to perform beyond many parts of the United Kingdom. Recent good news includes 110 new jobs for Cookstown from CDE; 74 new jobs in Belfast from HighWire Press; and about 70 new jobs in Fermanagh and Omagh. Invest NI reports that it has promoted 37,000 new jobs since 2011 and delivered £2.6 billion of investment to the local economy, benefiting all parts of Northern Ireland.
Inward Investment — House of Commons, 2016-04-20
Topic: Labor
Theresa Anne Villiers (Conservative, Centre-right): I agree with the hon. Gentleman that a skilled workforce is crucial for attracting inward investment. Northern Ireland has an excellent workforce, with many highly-skilled individuals, but there is always more that can be done. The UK Government have invested significantly in apprenticeships, which is reflected in Barnett consequentials to the block grant. I know that apprenticeships are also something the Northern Ireland Executive take very seriously, and they are delivering many of them.
Inward Investment — House of Commons, 2016-04-20
Topic: Transportation
Laurence Anthony Robertson (Conservative, Centre-right): Does the Secretary of State agree that airport connectivity is a vital tool in attracting inward investment? Given that Dublin has announced that it will be increasing its airport capacity by 2020, is it not time Her Majesty’s Government took a decision on airport capacity in the south-east of England?
Inward Investment — House of Commons, 2016-04-20
Topic: Transportation
Theresa Anne Villiers (Conservative, Centre-right): Yes, the Government will be making a decision on the expansion of airport capacity in the south-east in due course. We are clear that new capacity is needed and that a decision will be made shortly.
Inward Investment — House of Commons, 2016-04-20
Topic: Transportation
Theresa Anne Villiers (Conservative, Centre-right): I thank the hon. Gentleman for his question and his comments on my role in relation to the Wrightbus contract. I did press Transport for London hard to go through with that contract, because I think it is important for job opportunities in Northern Ireland and so that we can have great buses for my constituents. On his question about the referendum, I think it is important for all sides to address the facts of the debate in a measured way, so that on 23 June the people of this country can make a judgment based on the objective facts of the situation.
Terrorism — House of Commons, 2016-04-20
Topic: Law and Crime
Theresa Anne Villiers (Conservative, Centre-right): The threat level from terrorism in Northern Ireland continues to be severe. Although many attacks are disrupted and prevented, the callous murder of prison officer Adrian Ismay highlights the lethal nature of the continuing threat. The UK Government remain vigilant on combating terrorism, giving our full support to the Police Service of Northern Ireland and MI5 in their crucial work to keep people safe in Northern Ireland.