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  • Maria Miller – 2023 Speech on International Women’s Day

    Maria Miller – 2023 Speech on International Women’s Day

    The speech made by Maria Miller, the Conservative MP for Basingstoke, in the House of Commons on 9 March 2023.

    I beg to move,

    That this House has considered International Women’s Day.

    May I say how great it is to see you in the Chair for this now annual event on the Floor of the House of Commons, Madam Deputy Speaker? I thank the Backbench Business Committee for granting us this time, and also members of the all-party parliamentary group on women in Parliament, who yet again proposed the debate.

    It is a great privilege to be able to open today’s debate. I will start by recognising the incredible achievements of every single female Member of Parliament in the House of Commons and every female parliamentarian, not just in this Chamber but at the other end as well. I have been fortunate to have so many women helping me throughout my life: family, friends, work colleagues and fellow parliamentarians. I would particularly like to say how inspired I am by my colleagues on both sides of the House—their tenacity, their ability to make change happen and their resilience, getting anything that gets in their way out of the way so that they can get things done. I salute them all for what they have already achieved, and for what they will go on to achieve in the future.

    I pay a particularly fond tribute to two women in my party: my right hon. Friends the Members for Epping Forest (Dame Eleanor Laing) and for Maidenhead (Mrs May). Both have gone out of their way to make sure that they encourage women in my party to be the best they can be. It would not be proper to not also remember the late Cheryll Gillan. [Hon. Members: “Hear, hear.”] On the Conservative side of the House, she was the mother of our party, and we miss her greatly. She was an amazing colleague.

    Siobhan Baillie (Stroud) (Con)

    My right hon. Friend the Member for Basingstoke (Dame Maria Miller) is one of my inspirations in this House, but I think it is really important that we are able to talk openly about how much respect we have for colleagues across the House. I can see a number of women on the Opposition Benches whose work I have followed, not only since I have been in this place, but before I became an MP. I remind everybody that, as much as we see the ding-dongs on the tellybox, a lot of us get on and are trying to make big changes here together.

    Dame Maria Miller

    That is an excellent friend— I mean that is an excellent comment from my hon. Friend, and she is absolutely right. I should at this stage point out that there are a couple of us on the Government Benches who have not slept overnight, so please forgive us, Madam Deputy Speaker, if we stumble over our words. [Interruption.] No, a lot tamer than that; we flew back on the red-eye from the United Nations Commission on the Status of Women.

    Hannah Bardell (Livingston) (SNP)

    I am moved to intervene because the right hon. Lady mentioned Cheryll Gillan. While there might have been many things we disagreed on, there were many things we did agree on. She did incredible work on autism and championing neurodiversity. Also, when I joined the Parliamentary Assembly of the Council of Europe, she was a very supportive member and helped to show me the way. She is much missed across all Benches.

    Dame Maria Miller

    I thank the hon. Lady for those kind comments. It demonstrates how we work together and have shared interests. Just to refer back to our venture to the United Nations Commission on the Status of Women earlier this week, I chaired a panel of young women, and they were asking about how we work together, and where the political divides were. I have to say that I used Jo Cox’s words that there is more that unites us than divides us. That is another thing I would like to remember fondly today.

    Having women in Parliament and in leadership really matters—we know that—because it changes the conversation, the discussion and, above all, the decisions that are made both here and in organisations across the country and around the world. To mark International Women’s Day, at the start of this week I led one of four delegations of UK parliamentarians to the UN Commission on the Status of Women. My delegation was from the all-party parliamentary group on United Nations women. We thank the Commonwealth Parliamentary Association for its support in helping that delegation happen.

    At the CSW in New York, thousands of women from around the world met to discuss the status of women, with four delegations from our Parliament. There were 18 hon. and right hon. Members and noble Members of the House of Lords at that global event. The event was at times harrowing, and I am sure that my right hon. Friend the Member for Chelmsford (Vicky Ford) will draw later on some of her work while she was there. It was harrowing in particular to hear directly from women from Afghanistan, Ukraine and other parts of the world, including Colombia and Mexico, about their own personal experiences, particularly around sexual harassment and worse. The Afghan women we heard from talked about the brutal beatings, the torture and worse, but they are still there, prepared to protest to regain the hard-won rights of the past two decades. We also heard from women in Iran living with a brutal regime. We must continue to play our part in this Parliament, as we have a proud tradition of doing, in keeping these women’s plight at the fore and ensuring that their need for support and change is never forgotten.

    Margaret Ferrier (Rutherglen and Hamilton West) (Ind)

    It has been difficult to watch as women’s rights have been stripped away in Afghanistan since the withdrawal of troops. Now, Afghan women who were divorced and able to escape abusive marriages under the previous Government have found those divorces nullified and found themselves at risk under adultery laws. Does the right hon. Member agree that the Government must pick up the pace with the Afghan citizens resettlement scheme to make sure we can offer sanctuary to those women?

    Dame Maria Miller

    In bringing this matter up, the hon. Lady is doing what we all must do, which is to raise these issues in public. That is what the Afghan women I met were pleading for—to make sure that their plight was not forgotten—and they were enormously grateful for hon. and right hon. Members raising these issues, so that not only does the world media not forget, but our colleagues on the Treasury Bench do not forget either.

    Jim Shannon (Strangford) (DUP)

    I commend the right hon. Lady for bringing this debate forward. Unfortunately, I have a meeting today so I cannot make a speech.

    This is not just about the politicians across the world; it is also about the likes of my mother, who is 91 years old —soon to be 92—and still gets up to make fresh scones, drives a car and looks after my brother, who is disabled. It is also about my wife who runs the home, volunteers at an animal shelter and cares for the grandchildren, giving childcare to help make ends meet. I am a grandfather of three beautiful and wonderfully sassy granddaughters, who I believe will change the world, and I am the proud employer of six fiercely strong, independent and intelligent women. My point is clear: does the right hon. Lady not agree that on this day, and indeed every day, we have much to be thankful for with all the women in our lives who have shaped us and who continue to shape our world and make it a better place?

    Dame Maria Miller

    I thank the hon. Gentleman for that intervention. He is always a great supporter of women. He raises an important issue, which is that women have many different roles in this country and in our national life, and we should celebrate all those roles in this debate. But, above all, we need to ensure that women have a choice as to what role they take on, and we should never allow barriers to get in the way of them succeeding and reaching their potential in life. I am sure his sassy granddaughters would agree with that.

    The Commission on the Status of Women, as well as being harrowing at times, was also enormously uplifting. It was empowering to hear from other female parliamentarians, NGO leaders and activists about how they are working and campaigning for change. I had the great pleasure of meeting the Speaker of the Belize Parliament, the honourable Valerie Woods, who is also deputy chair of Commonwealth Women Parliamentarians. The Inter-Parliamentary Union had many meetings at the CSW, which serves to remind us of the importance of organisations such as the Commonwealth Parliamentary Association and the IPU, in the light not only of our Parliament, but of Parliaments around the world. They are incredibly useful organisations for women to be able to drive change and learn from other Parliaments.

    As I said, the UK Parliament had four delegations—the biggest group ever to be at the CSW—demonstrating that the significance and importance of women’s rights among colleagues across the House has never been more heightened. At the UN this week, thousands of women from across the world saw laid bare the global erosion of women’s rights since the Beijing declaration was adopted in 1995: the reversal of Roe v. Wade; 4 million women and girls out of education in Afghanistan; women in Ukraine rendered victims of sexual violence at the hands of aggressors. Closer to home, two women are murdered by their partners each week in the UK—I am sure my hon. Friend the Member for Birmingham, Yardley (Jess Phillips) will be talking about that in her contribution to the debate.

    There is no doubt that in the UK over the past decade a huge amount of progress has been made. I pay tribute to the Minister for Women and her predecessors—of which I am one—for all they have done to ensure that we continue to see momentum in women’s rights. The Minister has done so much, particularly on women’s health, and I pay tribute to her work in that area. Although I will speak about some of the challenges that we have to face, and ways to address them, it is important to keep at the back of our minds that huge progress that we have made as women, and the huge contribution that women make to public life, making this place, and other places, better as a result.

    How do I know that this place is better for having women in it, and why it is important that we continue to push for more women to enter public office? True representation is the answer to that question. Representation—good, strong, diverse representation—is vital in political life because it encourages trust in political bodies. Engagement in democracy is stronger when people see themselves in their elected representatives. Representation tends also to result in diversity. That in turn results in a greater range of ideas, which for a deliberative system such as our democracy is hugely important to improve our decision making.

    In the business world, research by McKinsey found that, for every 10% increase in gender diversity in senior executive teams in the UK, earnings in that company before interest and tax rose by more than 3%. There is a dividend not just for commercial organisations, but for organisations such as ours in ensuring that that diversity is in place.

    Margaret Ferrier

    The right hon. Lady is generous in giving way. I was at a Balfour Aviation event last week, where it was pointed out that women remain significantly under-represented in more senior roles, with only 6% of pilots being women. The training is incredibly expensive and we have heard about the barriers to becoming a high earner that many women face. Does she agree that the Government could be providing more financial support aimed at encouraging women into industries such as aviation where they are under-represented?

    Dame Maria Miller

    The hon. Lady raises an important point about pilots. I know her point is slightly broader than that, but pilots face issues in staying qualified to fly, if they have children. That is one of the reasons— I met that sector of the industry a number of years ago—it sees such a haemorrhaging of women out of the industry. But she makes a broader point. Over the last decade and a half, we have made some important progress in getting in place the idea and notion that having more women in senior roles in organisations is important. On STEM—science, technology, engineering and maths— I actually think those on the Treasury Bench should be singing much louder than they do on their success in putting STEM first and foremost in young women’s minds. When we compare STEM graduates coming out of our universities now with the graduates who came out of our universities in 2010, there are now more women than men coming out with STEM degrees. We do not shout about that enough, but she is right that those women are still on a junior level. We need to ensure that the barriers have been removed so they do not, as we see in the case of pilots, end up having to move out of the industry because barriers are in the way. She makes an important point.

    As I say, in the business world, research from McKinsey found that gender diversity increases earnings and that companies in the top quartile for diversity outperform their industry mediums. McKinsey believes that that is because diverse companies are better able to win talent to improve customer understanding, employee satisfaction and decision making, leading to what it calls a virtuous circle.

    If diversity can improve our businesses, it can improve our Parliament, too. Where our performance metrics are not found on balance sheets, they are found in the decisions we make for the future of our country. Diversity and deliberative processes, by which I mean voices from more backgrounds bringing new ideas from different life experiences, are foundational to what we do here. The Center for Talent Innovation identified that 56% of leaders do not value ideas they do not personally see the need for. Given that we know that women have experiences of life that are very different from those of their male counterparts, we can see from that figure how important it is that we have more women not only in this Chamber but at the decision-making table of Government.

    What is the solution? We need diversity in leadership, and having women central in our debates adds legitimacy to our democratic process. It means that our work in scrutiny is done in a more rounded and full way, and policy can be made that more fully encompasses the needs and dreams of the people we serve. The UK electorate and all electorates are half women, so representing women’s voices here is directly important to at least half of our constituents. Gender equality in Parliament is all about democracy and improving our democracy. It is clear to see why it is important that we make an ever-increasing effort to ensure that diversity can thrive in this Parliament.

    Our Parliament has come a long way and we have a very reforming Speaker, who has put the role of parliamentarians front and centre in this place and picked up some of the issues that are incredibly important to women not only coming into Parliament but staying in Parliament. I am thinking particularly here about personal security. However, our Speaker has also inherited an enormous backlog of issues that have not been tackled for a variety of reasons in recent years. It is my belief that the House of Commons must continue to renew its energies in this area to ensure that it is not only the political parties that are working hard to get more women into the House of Commons, but the House of Commons itself that is appealing and is a place where people want to come and have a career. The women who have the capacity, the capabilities and perhaps even the personality to come into Parliament have a lot of choices and different ways they can use their lives. If we do not make sure that the people who have the best capacity are attracted to come to Parliament, as well as have a vocation, we are going to miss out on the brightest and the best, a phrase that is often mentioned to me by Ministers who are responsible when I talk about this issue.

    One of the ways we can ensure that we increase the appeal of our Parliament is through gender-sensitive audits, to ensure that we have an understanding of what makes our Parliament strong, and where we can improve it and make it more appealing for women. I pay tribute to the Inter-Parliamentary Union, which developed the concept of gender-sensitive Parliaments in 2010. Since then, multiple Parliaments around the world—including our own—have conducted gender-sensitive audits to see how they fare. That was developed further by the Commonwealth Parliamentary Association, which put together a toolkit to make it easier for all sorts of Parliaments to implement such an audit.

    Hannah Bardell

    Will the right hon. Lady give way?

    Dame Maria Miller

    Will the hon. Lady forgive me if I do not? I do not want to incur the wrath of Madam Deputy Speaker.

    The point of gender sensitivity is to create environments in which both men and women can operate equally. There are seven key aspects, which include: the numbers and positions of women; the legal and policy framework of the legislature; mainstreaming of gender equality; the culture, environment and policies of Parliament; the role of political parties; and the position of parliamentary staff. All those aspects can tell us a lot about how men and women are faring in their Parliaments. The House of Commons conducted a gender-sensitive audit in 2018, which was welcome, but that feels like a long time ago. Some colleagues were not even here. Our audit of how Parliament works for people today, not three or four years ago, should be foremost in our minds.

    It is clear that there is more to do. I refer to the Fawcett Society’s report “A House for Everyone: The Case for Modernising Parliament”, published in December, which I am sure colleagues are familiar with. It brought into focus the problems around retaining female parliamentarians, which I know concerns colleagues on both sides of the House. The number of women in Parliament taken as a snapshot is all well and good, but Fawcett’s work reveals that, because women face disproportionate challenges, they tend to stay in Parliament for one fewer term than men. That means that those women do not get the opportunity to reach the seniority or level of experience of their male counterparts.

    On what we do next, the all-party parliamentary group on women in Parliament will produce a workstream to ensure that we have a clear plan to get an equal Parliament by 2028, to coincide with the centenary of the Equal Franchise Act 1928. When that work plan is put into place, I hope that we can share it in Parliament through further debate.

    It is a great pleasure to open the debate. On behalf of those colleagues who are still at CSW in New York, I wish a happy International Women’s Day for yesterday to everyone in the Chamber and those who are watching at home. I encourage everyone to ensure that the legacy from our time in Parliament is encouraging and achieving the objective of having more women on the green Benches, to make this place a fairer and even stronger parliamentary democracy.

  • PRESS RELEASE : Prime Minister to assert staunch commitment to European security at UK-France Summit [March 2023]

    PRESS RELEASE : Prime Minister to assert staunch commitment to European security at UK-France Summit [March 2023]

    The press release issued by 10 Downing Street on 10 March 2023.

    Prime Minister Rishi Sunak and President Emmanuel Macron expected to agree new approaches to challenges including migration, energy security and the threat from Russia.

    • Prime Minister and President Macron expected to agree new approaches to challenges including migration, energy security and the threat from Russia
    • Demonstrating his commitment to Europe’s security, the PM will confirm the UK will host the fourth meeting of the European Political Community in 2024
    • The leaders will be joined at the UK-France Summit by Cabinet ministers including the Foreign, Defence and Home Secretaries

    The Prime Minister, President Macron and British and French Cabinet ministers will gather in Paris today for the UK-France Summit. Talks will focus on fortifying our partnership to tackle shared challenges including stopping small boats, securing our domestic energy supplies and protecting our people against the threat from Russia and elsewhere.

    At the first bilateral summit of British and French leaders since the coronavirus pandemic and Putin’s full-scale invasion of Ukraine, the Prime Minister and President Macron will discuss how to transform our deep and historic alliance so we are fully equipped to tackle the threats of the future.

    Over the past decade the UK and France have routinely been NATO’s first and second biggest European contributors. We are the only European allies to be permanent members of the UN Security Council and the only nuclear powers in the region. The UK and France therefore have a responsibility to work together to guarantee Europe’s security.

    Since 2010, the expansive defence partnership between the UK and France has been driven by the agreements made in the Lancaster House Treaties, treaties which established France as the UK’s closest defence and security partner other than the United States.

    Under the Lancaster House treaties the UK and France established the Combined Joint Expeditionary Force (CJEF), which sees more than 10,000 British and French personnel ready to deploy together in response to a crisis. The CJEF sits alongside the UK’s other alliances in Europe, including the Joint Expeditionary Force of northern European nations and NATO – all tangible demonstrations of the UK’s commitment to uphold the continent’s security and prosperity.

    The UK will further that commitment next year by hosting the fourth gathering of the European Political Community – a meeting of likeminded European leaders with shared values to coordinate on some of the most pressing geopolitical issues we face.

    The Prime Minister said:

    Our deep history, our proximity and our shared global outlook mean that a firm partnership between the UK and France is not just valuable, it is essential.

    From tackling the scourge of illegal migration to driving investment in one another’s economies the work we do together improves the lives of each and every person in our countries. Beyond that, the UK and France also have a privileged role as defenders of European and global security.

    As we face new and unprecedented threats, it is vital that we fortify the structures of our alliance so we are ready to take on the challenges of the future. That is what we will do at the UK-France Summit today.

    Russia’s actions pose the biggest threat to European, and global, security. The Prime Minister and President Macron will hold discussions today on strengthening NATO to protect our people as well as bolstering Ukraine’s self-defence, both now and in the long-term.

    As part of their talks, the Prime Minister and President Macron are expected to agree to further enhance UK-France military interoperability and industrial cooperation, including agreeing to scope the co-development of next-generation deep precision strike weaponry – the kind of long-range capability which NATO needs to protect against the growing threat from Russia.

    To support Ukraine in their struggle for their sovereignty, the Prime Minister and President Macron are also expected to agree to further coordinate both the supply of weapons to Ukraine and the training of Ukrainian Marines. The UK has already trained 11,000 troops since last summer, and we recently expanded our training to include Ukrainian pilots. Bolstering these efforts through further joint UK and French training could see thousands more Ukrainians brought to battlefield readiness.

    The Prime Minister and President Macron will also discuss the role that NATO members can play in providing Ukraine with the security assurances they need to defend themselves in the long-term.

    Beyond our immediate neighbourhood, the UK and France are also the European nations with the largest presence in the Indo-Pacific – a region crucial for our protection and prosperity, whose security is indivisible from that of Europe.

    The Prime Minister and President Macron will discuss how to combine our strengths in the area to ensure permanent presence of likeminded European partners. This includes establishing the backbone to a permanent European maritime presence in the Indo-Pacific through the sequencing of more persistent European carrier strike group presence – coordinating the deployment of France’s Charles de Gaulle aircraft carrier, and the UK’s Queen Elizabeth and Prince of Wales carriers.

    Alongside discussions on deepening the defence partnership between our countries, the leaders will also look at ways to transform our cooperation on issues including tackling illegal migration. This will build on the agreements made in 2022 to make the small boat route across the Channel unviable, save lives and dismantle organised crime groups while preventing illegal migration further upstream.

    Last year our partnership with the French stopped more than 30,500 illegal crossings – nearly twice as many as in 2022.

  • PRESS RELEASE : Statement of Endorsement – Ajay Banga [March 2023]

    PRESS RELEASE : Statement of Endorsement – Ajay Banga [March 2023]

    The press release issued by HM Treasury on 9 March 2023.

    The UK has announced its support of Ajay Banga for World Bank Group President.

    “The UK, a long-standing partner of the World Bank, has announced its support of Ajay Banga for World Bank Group President. Mr Banga brings decades of experience leading global organisations, and a strong track record in establishing private – public partnerships. He will bring energy to the World Bank Group as it steps up its effort to tackle global challenges from extreme poverty to climate change.

    “The Development Minister Andrew Mitchell and Chancellor of the Exchequer Jeremy Hunt met Mr Banga to discuss UK priorities for the World Bank and mobilising more resources, including from the private sector.
    “The UK has played a leading role in shaping the Bank since its inception, as the joint-fifth largest shareholder of the International Bank for Reconstruction and Development (IBRD) and the third largest contributor to the International Development Association (IDA). The Bank will be a close partner in delivering the three-pronged approach to international development set out by Andrew Mitchell.

    “Reflecting on Mr Banga’s recent visits to Côte d’Ivoire and Kenya, both of whom have since endorsed his candidacy, as well as the recent support of India, Andrew Mitchell reiterated the importance of engaging with, listening to, and delivering for all the countries that borrow from the World Bank and for the world’s poorest people – something that has always been a key priority of the UK.

    “With the publication of the UK’s Women and Girls Strategy, Minister Mitchell expressed his hope that Mr Banga will be a proud advocate for gender equality and the empowerment of all women and girls, helping secure sexual and reproductive health and rights in developing countries.”

  • PRESS RELEASE : United Kingdom helps freeze more than £48 billion in Russian assets [March 2023]

    PRESS RELEASE : United Kingdom helps freeze more than £48 billion in Russian assets [March 2023]

    The press release issued by the Home Office on 9 March 2023.

    The United Kingdom and its allies have re-affirmed their joint commitment to enforce sanctions on Russia.

    Since Putin’s invasion of Ukraine, the Russian Elites, Proxies and Oligarchs Taskforce (REPO) has worked across the globe to block or freeze more than £48 billion in Russian assets.

    The United Kingdom alone has frozen more than £18 billion in Russian assets.

    Security Minister Tom Tugendhat met with the Task Force on the morning of Thursday 9 March 2023.

    Speaking after the meeting, Minister Tugendhat said:

    The UK continues to play a leading role in holding Russia to account for its unprovoked war of aggression against Ukraine.

    Alongside our allies in the Russian Elites Proxies and Oligarchs Task Force we have blocked or frozen more than £48 billion worth of Russian assets, putting unprecedented financial pressure on Putin and his cronies.

    Together we stand united in defending global democracy and fighting against authoritarianism. There is more to come.

    Australia, Canada, France, Germany, Italy, Japan, the United States and the European Commission are all members of the taskforce, which was set up to exert unprecedented pressure on sanctioned Russians.

    At the meeting REPO members agreed a joint statement which sets out achievements to date and the ongoing international focus on enforcing sanctions on Russia.

    Members also released a global advisory, to assist banks and the private sector, on Russian sanctions evasion.

  • PRESS RELEASE : Transport Secretary sets out record investment plans for transport network [March 2023]

    PRESS RELEASE : Transport Secretary sets out record investment plans for transport network [March 2023]

    The press release issued by the Department for Transport on 9 March 2023.

    Over £40 billion will be invested in transformational transport schemes over the next 2 financial years across the country.

    • record £40 billion of capital investment confirmed over next 2 financial years, despite challenging economic circumstances
    • prioritising delivery of HS2 from Old Oak Common to Birmingham Curzon Street to ensure passenger benefits as soon as possible
    • responsible decisions taken on other transport schemes to help balance nation’s books and allow time for planning processes

    The Transport Secretary has today (9 March 2023) ensured record funding is invested in the country’s transport network, sustainably driving growth across the country while managing the pressures of inflation.

    As part of the government’s largest capital programme commitment ever, over £40 billion will be invested in transformational transport schemes over the next 2 financial years across the country, helping to level up local communities and deliver on one of the government’s 5 priorities to grow the economy.

    This includes a continued investment in delivering HS2, which will grow local economies, provide a green transport solution and train a skilled construction workforce, as well as almost £8 billion in investment over the next 2 years in major roads – the nation’s economic arteries, which support the bulk of passenger journeys.

    With over £20 billion spent on Phase One already, the government will prioritise delivering the opening stage of HS2, with the first high-speed rail services running between new stations at Old Oak Common in west London and Curzon Street in Birmingham by the early 2030s. This will be transformative for passengers and communities, ensuring that the earliest benefits of HS2 are retained – creating jobs, attracting investment and sparking housing and commercial regeneration along and beyond the route.

    The government also remains fully committed to delivering HS2 from Euston to Manchester. However, in recognition of inflationary pressures and to help balance the nation’s books, the next 2 years will be used to rephase construction and optimise future delivery of Phase 2a between Birmingham and Crewe so this is done in the most cost-effective way. This aims to deliver high-speed services to Crewe and the North West as soon as possible after accounting for the rephasing of construction.

    At the same time, the government will take the time to ensure an affordable and deliverable design at Euston, with a view to delivering the station alongside high-speed infrastructure to Manchester, while the High Speed Rail (Crewe-Manchester) Bill continues through Parliament.

    Work continues on progressing commitments made in the Integrated Rail Plan to develop HS2 East, the proposed route for HS2 services between the West and East Midlands, and to consider the most effective way to take HS2 trains to Leeds.

    Transport Secretary Mark Harper said:

    We know the power of transport as an engine for sustainable economic growth. That’s why – even in this tough economic climate – this government sees transport investment as a down payment on the country’s future and is committing £20 billion over each of the next 2 years to improve the UK’s transport network.

    But we can’t ignore the current realities. Putin’s war in Ukraine has hiked up inflation, sending supply chain costs rocketing. The responsible decisions I’ve outlined today will ensure we balance the budget at the same time as investing record sums in our transport network to help halve inflation, grow the economy and reduce debt.

    Despite the government’s record £40 billion investment, there are challenging economic headwinds following Russia’s illegal invasion of Ukraine and supply chain disruption as the global economy recovers from the pandemic, which have made project delivery difficult.

    This means the government has had to take tough decisions on what can be achieved within original timeframes.

    The A27 Arundel Bypass and A5036 Port of Liverpool Access in the Roads Investment Strategy (RIS 2) both face a range of challenges including environmental considerations and ongoing design changes, and so will be developed in RIS 3 (covering 2025-2030) to allow time to ensure stakeholders’ views are fully considered. The schemes earmarked for RIS3 (2025-30) will continue to be developed and considered for inclusion within RIS 4, which will run from 2030-2035. Given many of these schemes were previously expected towards the end of RIS 3, this extra time will help ensure better planned and efficient schemes can be deployed more effectively.

    As one of the largest planning applications ever, the Lower Thames Crossing, backed by £800 million to date, will also be slowed down by 2 years. This will allow more time to take into account stakeholder views and prepare an effective and deliverable plan, while helping to meet inflationary pressures and deliver the planning processes properly.

    The government is committed to supporting all forms of transport and is investing more than £3 billion into active travel up to 2025, despite the efficiency savings needed due to global financial pressures. This includes existing funding for active travel schemes such as through the City Region Sustainable Transport Settlements (CRSTS) and National Highways to level up access to active travel across the country. The department will invest at least £100 million across the remainder of the Spending Review period – for 2023/24 and 2024/25. This will be on top of an expected £850 million investment up to 2022/23.

  • PRESS RELEASE : NHS prescription charges from 1 April 2023 [March 2023]

    PRESS RELEASE : NHS prescription charges from 1 April 2023 [March 2023]

    The press release issued by the Department of Health and Social Care on 9 March 2023.

    The National Health Service (Charges for Drugs and Appliances) (Amendment) Regulations 2023 (‘the Amendment Regulations’) have today been laid before Parliament to increase certain National Health Service charges in England from 1 April 2023.

    We have applied an inflation rate of 3.21%. This year we have increased the prescription charge by 30 pence from £9.35 to £9.65 for each medicine or appliance dispensed. The cost of prescription pre-payment certificates (PPCs) will also be increased: 3-month PPC increases by £1 to £31.25 and 12-month PPC increases by £3.50 to £111.60. The recently introduced HRT PPC will cost £19.30.

    Charges for wigs and fabric supports will also be increased in line with the blended inflation rate, as described above. Details of the revised charges for 2023 to 2024 can be found below.

    Prescription charges

    • Single charge: £9.65
    • 3-month PPC: £31.25
    • 12-month PPC: £111.60
    • HRT PPC: £19.30

    Wigs and fabric supports

    • Surgical bra: £31.70
    • Abdominal or spinal support: £47.80
    • Stock modacrylic wig: £78.15
    • Partial human hair wig: £207.00
    • Full bespoke human hair wig: £302.70
  • PRESS RELEASE : The 10 INSTEX shareholder states have decided to liquidate INSTEX due to continued obstruction from Iran [March 2023]

    PRESS RELEASE : The 10 INSTEX shareholder states have decided to liquidate INSTEX due to continued obstruction from Iran [March 2023]

    The press release issued by the Foreign Office on 9 March 2023.

    The UK, France and Germany (the E3) have issued a joint statement announcing the liquidation of INSTEX.

    The E3 said:

    The INSTEX shareholders – Belgium, Denmark, Finland, France, Germany, the Netherlands, Norway, Spain, Sweden, and the UK – have decided to liquidate INSTEX.

    INSTEX was set up by France, Germany, and the United Kingdom in 2019 to facilitate legitimate trade between Europe and Iran, particularly in humanitarian goods.  Over the past 4 years, INSTEX has consistently tried to facilitate trade exchanges between Europe and Iran. There was a strong and sustained demand by European exporters to use the INSTEX mechanism, mainly from the humanitarian sector.

    For political reasons, Iran has systematically prevented INSTEX from fulfilling its mandate. Iran only agreed to a single transaction, in early 2020, for the export of medical goods from Europe to Iran. After that, Iran consistently and deliberately blocked other proposals for transactions between the United Kingdom, Norway, the European Union and Iran. This was born from a political determination to impede the use of INSTEX under any circumstance. Thus, the Iranian leadership has chosen to act against the interests of its people by refusing to cooperate on the export of medicine and other life-saving goods.

    In light of Iran’s persistent refusal to engage with the company, the INSTEX shareholders have reached the conclusion that there is no more ground for maintaining INSTEX operational. The INSTEX shareholders have voted in favour of the dissolution of INSTEX at the extraordinary general assembly of March 9th 2023. This decision is taken on its own merits for exclusively commercial reasons.

  • PRESS RELEASE : IAEA Board of Governors – Agenda Item 7 – Nuclear safety, security and safeguards in Ukraine – UK National Statement [March 2023]

    PRESS RELEASE : IAEA Board of Governors – Agenda Item 7 – Nuclear safety, security and safeguards in Ukraine – UK National Statement [March 2023]

    The press release issued by the Foreign Office on 9 March 2023.

    IAEA Board of Governors, March 2023. Agenda Item 7: Nuclear safety, security and safeguards in Ukraine. UK National Statement.

    Thank you Chair,

    The United Kingdom thanks the Director General for his latest report on Nuclear Safety, Security and Safeguards in Ukraine. We also welcome the Joint Statement delivered by Canada and supported by 50 Member States. This is another clear repudiation of Russia’s senseless actions against nuclear safety in Ukraine.

    Chair,

    As we mark one year of Russia’s illegal and unprovoked invasion of Ukraine, I would like to start by taking a moment to pay tribute to the bravery, resilience and determination of both the people of Ukraine – who continue to defend Ukraine from Russia’s war of aggression – and Ukrainian staff working at the Zaphorizhzhia Nuclear Power Plant who continue to work tirelessly to uphold nuclear safety under extremely difficult conditions.

    Chair,

    Russia’s barbaric attacks on Ukraine’s sovereign territory continue to be a violation of international law, and the UN charter. Unbelievably, as we have heard this morning, last night Russia launched further attacks against Ukraine’s energy infrastructure and its nuclear facilities.  As the Director General said, as a result of these attacks the Zaporizhzhia Nuclear Power Plant lost its only remaining connection to the electricity grid (for the sixth time since the start of Russia’s war of aggression). There are also reports of missile strikes near Rivne and South Ukraine NPPs.

    Let us be clear. Only one country is responsible for these attacks – Russia. This is unacceptable and has to stop. Russia’s contempt for nuclear safety threatens us all. As the Russian Ambassador stated earlier this week – “attacks on nuclear facilities – including “in Ukraine and at Zaporizhzhia” – are unacceptable and must stop immediately. We urge him to act on his own words.

    Frankly, Chair, I am shocked by the Russian Ambassador’s attempt just now to suggest that Russian shelling – such as last night’s – is not a risk to nuclear safety. The United Kingdom utterly condemns this further escalation in the strongest possible terms. We call again on the Russian Federation to cease its senseless actions against Ukraine’s nuclear facilities.

    Chair, as the Russian Ambassador just said, “There is a problem and we can only solve it in one way”.

    Chair, that way is for Russia to withdraw from Ukraine’s internationally recognised borders.

    Chair,

    The Director General’s report before us today is another helpful, independent assessment of the nuclear safety and security implications of Russia’s aggression in Ukraine. What happened last night was not the first time. As a result of attacks earlier in the reporting period, all of Ukraine’s Nuclear Power Plants lost external power. As the Director General set out in his report this is “a concerning development”. We also welcome the clarity in the Director General’s report about the seriousness of the situation at the Zaporizhzhia Nuclear Power Plant. Put simply, continued Russian control of the plant and the Russian occupiers’ horrific treatment of its Ukrainian staff – despite the Russian Ambassador’s attempts to claim otherwise – are increasing the risk of a nuclear incident. This is irresponsible and unacceptable.

    We share the Director General’s “grave concern” about decision making at the site, due to contradictions in the chain of command and note that each one of the Director General’s “seven indispensable pillars for nuclear safety security” have been compromised. We were also extremely concerned to see the Director General report that the Russian Federation has not responded to pleas from the Agency to remove military vehicles and equipment from the turbine halls of reactors one and two, further endangering nuclear safety.

    Let me re-stress that point: military vehicles and equipment, which the IAEA has witnessed but the Russian Ambassador denies exists. Russia’s continued actions are not compatible with the actions of a responsible nuclear actor. The Russian Federation is solely responsible for this “dangerous, precarious and challenging” situation. The United Kingdom remains clear that the solution to this long list of threats to nuclear safety and security is for Russia to cease its illegal control of the Plant.

    Chair,

    We also condemn Russia’s efforts to spread disinformation about events in Ukraine – disinformation we have already heard repeatedly this morning from the Russian Ambassador, including the incredible accusation that Ukraine shelled its own electricity grid. We note that the DG’s report confirmed that the final analysis of samples taken by the IAEA in its investigation into Russian allegations of a `dirty bomb’ did not find any indications of undeclared nuclear activities or materials related to the development of radiological dispersal devices or high explosive compounds. This lays to rest another of Russia’s ridiculous, baseless allegation, although I note the Russian Ambassador’s attempt to revive these just now – more disinformation. The Russian Ambassador says Russia has never taken action against nuclear facilities. Those were his words. Occupying an NPP? Shelling its power supply? Stationing military vehicles in the turbine halls? These are all clear examples of actions taken against nuclear facilities.

    Chair,

    The United Kingdom continues to support the work of the IAEA in Ukraine. We welcome the establishment of a permanent Agency presence at Ukraine’s nuclear facilities in January. This will be important to help Ukrainian staff to manage the challenging situations they find themselves in.

    Chair,

    The United Kingdom will continue to support the Agency’s work in Ukraine. Since the crisis began, we have already provided over 4.5 million euros to support the Agency’s work in Ukraine and I am pleased to announce today a further 570,000 euros of United Kingdom funding to support the Agency’s nuclear security work in Ukraine. We support the Director General’s efforts to enhance nuclear safety and security around the Zaporizhzhia Nuclear Power Plant, including his attempts to establish a nuclear safety and security protection zone that protects these seven pillars and upholds Ukrainian sovereignty.

    Finally Chair,

    The United Kingdom would also like to inform Board Members of the actions we will continue to take at the IAEA and more broadly to ensure Russia is held accountable for its actions. We will continue to expose and sanction those supporting Russia’s illegal war and on 24 February, the United Kingdom announced a further package of sanctions which includes senior executives at Rosatom. We also reaffirm our commitment that no UK extra-budgetary funding to the IAEA will benefit the Russian Federation; that no UK experts will attend IAEA events in Russia; and that no UK experts will appear on panels for Agency events alongside participants from the Russian Federation. We call on other Member States to take similar action.

    Thank you Chair.

     

  • PRESS RELEASE : OSCE Project Co-ordinator in Uzbekistan: UK response [March 2023]

    PRESS RELEASE : OSCE Project Co-ordinator in Uzbekistan: UK response [March 2023]

    The press release issued by the Foreign Office on 9 March 2023.

    Deputy Ambassador Brown thanks Hans-Ulrich Ihm from the OSCE Project Co-ordinator in Uzbekistan for the team’s work, including on cyber security, human rights, and climate change.

    Thank you, Mr Chair. I would like to welcome you Mr Ihm to the Permanent Council and thank you and your team for your report and work over the last year.

    The UK has continued to build our relationship with Uzbekistan and is committed to supporting the Government there in carrying out its wide-ranging reforms, which we hope will continue at pace in the coming year.

    My ambassador had the pleasure of visiting Uzbekistan and your field mission in November and was encouraged by the field mission’s relationship with the Government of Uzbekistan’s foreign ministry, their interest in engaging with the mission on human rights issues, and their recognition of the importance of countering disinformation and providing reliable official communication.

    It was clear from my visit that your mission can clearly play a major role in assisting the Government of Uzbekistan with their planned reforms, as well on issues like gender equality; the economy and environment; climate; and on strengthening resilience on transnational threats, including cyber.

    I would like to focus my remarks on some of these areas.

    First, we welcome your mission’s prioritisation of cyber security and efforts to support the host government to strengthen its national capacity to effectively address these.

    Second, the UK is deeply concerned by the risks climate change poses to the long term security and prosperity of Central Asia, and fully supports the OSCE’s activities helping to mitigate its impact in Uzbekistan. The Glasgow Climate Pact recognised the importance of mitigation by keeping nationally determined contributions (NDCs) on the UNFCCC agenda, and we call on the Government of Uzbekistan to commit to ambitious NDCs. Concerted climate action has become more important as attention is forced away from the climate crisis by Russia’s war against Ukraine.

    Thirdly, we acknowledge the work of the OSCE in promoting democratic policing principles and encourage the Uzbek government to address alleged human rights abuses. The UK was deeply concerned by events in Karakalpakstan in July 2022, and we call on the Government of Uzbekistan to follow a transparent process as they bring security forces to account where necessary. Protecting human rights is a cornerstone of the OSCE. We welcome democratic principles being embedded in the constitution, and the consultative process being followed in identifying these changes. We hope the ODIHR will be invited to observe the postponed referendum on constitutional reform.

    We thank the OSCE for their work highlighting the role of media and civil society. Media Freedom is essential to democracy, allowing citizens to directly engage with government. During his trip to Uzbekistan my ambassador met with members of civil society. We encourage the mission in Uzbekistan to support the Uzbek government in fostering an enabling environment for civil society.

    We also welcome the work of the mission in addressing gender-based violence. We have conducted a series of training events in Uzbekistan for religious leaders and law enforcement in cooperation with UNFPA on addressing gender-based violence.

    In closing let me thank the team in Uzbekistan for their efforts in upholding the principles of the OSCE, and ensuring their important work continues, particularly in light of the considerable challenges caused by the blocking of the unified budget. We hope that staffing issues do not reduce the efficacy of the office in 2023.

    Thank you.

  • Andrew Griffith – 2023 Speech at a FIX Trading Conference

    Andrew Griffith – 2023 Speech at a FIX Trading Conference

    The speech made by Andrew Griffith, the Economic Secretary to the Treasury, on 9 March 2023.

    Introduction

    Good morning everyone and thank you for the invitation to speak to you today.

    I am also glad to see that Professor Hübner will be speaking afterwards, in a reflection of our shared commitment to the highest standards of global market regulation.

    And we couldn’t be in a better place to discuss these issues.

    No one is sure how the market got its name, but Old Billingsgate has been synonymous with fish since the 16th Century, and it was the century after that Parliament passed an act to make it a “free and open market for all sorts of fish whatsoever”.

    There was one exception: the sale of eels from Dutch fisherman.

    As London boomed, the city’s population began eating so many eels that the domestic stock couldn’t keep up.

    And over time, the Dutch had shown they were the only people who knew how to transport live eels in bulk. British ships couldn’t manage it. And so, the Dutch established a de facto monopoly on eel sales in London.

    There’s two pertinent points here.

    One, this venue, having dealt with slippery animals before is well suited to accommodating politicians.

    And two: some countries are better in certain sectors. The Dutch had the eel trade, and we have financial services.

    But jokes aside (because, of course, the Dutch do share with us a long-standing tradition in financial services) this sector is incredibly valuable to our country.

    This is an industry that contributes 12% of the UK’s total economic output and employs over 2.2 million people.

    It’s the UK’s largest net exporting industry and its largest taxpayer.

    So let me start by saying “thank you”. Thank you for taking risk, employing and developing your people and the valued contribution you make. I never forget that you have a choice where to locate or to raise or invest capital.

    Because it’s a competitive world out there and the UK must and will compete for every pound, dollar or euro of business.

    And it’s my job to make sure we put in place the support environment in which you can do so.

    Led by the Prime Minister, supported in lockstep by the Chancellor and me, this government firmly believes that financial services and private capital are at the heart of the solutions to the national and international challenges we face, from aging populations to protecting nature, from supporting left behind communities to conquering diseases.

    So, I want to assure you of the importance that the government places on this sector. Not just through my words today, but through our actions.

    Capital Markets

    In particular, one of the UK economy’s great strengths is its capital markets.

    The UK is blessed with capital markets that are among the deepest, most liquid and most competitive anywhere in the world.

    We are Europe’s leading hub for investment, and the second largest globally. We have the most international equities market and two of the world’s largest clearing houses.

    Our capital markets are relied upon by some of the world’s largest businesses – and, by the way, will be crucial in funding the global transition to clean, low carbon energy.

    It explains why, in 2021 alone, more than £17bn of new capital was raised for firms in the UK on the London Stock Exchange alone, a 15-year high, with over 120 deals completed.

    How do we account for this achievement?

    It’s through our fundamental strengths such as the rule of law, English language, a fortuitous time zone, and the fact that London is one of the world’s most diverse and liveable cities.

    It’s through the expertise of firms that base themselves here, whether that be in finance itself or all the services that support it, from legal to accounting.

    But this strength is also fostered through innovation, competition and high regulatory standards.

    The government of which I am a part has a clear vision: making UK regulation more proportionate and simpler… keeping it relevant for a modern world and enabling innovation.

    This government is focused on delivering this vision for the financial services sector. And when I say focussed on delivering, that’s exactly what I mean. My mantra is delivery, delivery, delivery.

    Capital Markets reforms

    So, building on the strengths of capital markets, we are pressing ahead with an ambitious programme of capital markets reforms.

    We are implementing the practitioner led reforms suggested by Lord Hill and Mark Austin – who have provided concrete steps to help us be more competitive.

    This includes completely overhauling the UK’s Prospectus Regime to widen participation in capital markets, improve the efficiency of fundraising for companies and improve the quality of information investors receive.

    We will do this by repealing the existing Prospectus Regulation and replacing it with a new regime tailored to the UK. Our new regime will be simpler, more agile, and more effective, and we have already published draft legislation to do that.

    We aren’t stopping there – we are also keen to accelerate the settlement of financial trades, and as part of the Edinburgh Reforms we announced the creation of an industry taskforce to see how we can do so, such as by moving to a ‘T+1’ standard.

    Faster settlement could reduce counterparty risk, increase efficiency and promote greater automation of back office processes.

    It will ensure that the UK continues to be a world leader in this area.

    The taskforce is being chaired by Charlie Geffen, who is bringing together the industry to recommend an approach that works for the UK.

    Separately, we have also set up the Digitisation Taskforce, which will drive forward the digitisation of all remaining paper share certificates in the UK.

    It will also set out how we can improve communications between different parts of the market, and how investors will be able to have far better interactions with the companies they invest in.

    This work is being led by Sir Douglas Flint and I am looking forward to receiving his interim report this spring.

    I know that some of those in the room are already involved in these initiatives. Thank you for your insight and I look forward to seeing your recommendations.

    We are also reforming our rulebook for wholesale markets through the Financial Services and Markets Bill.

    Those changes will boost liquidity by giving greater choice to firms on where and how to trade.

    To give you one example which I know is of particular interest to many of you.

    The Bill will allow the Treasury and the FCA to put a framework in place to facilitate the development of a consolidated tape by 2024.

    Transparent and timely data plays a key role in helping markets to function efficiently and the tape, by acting as one single source, will improve liquidity and lead to lower trading costs.

    This is particularly true for the fixed income markets, given how fragmentated the data currently is.

    And there’s more…

    In December, we announced that we are taking a closer look at retail disclosure and short selling.

    On retail disclosure, the government is committed to repealing the current PRIIPs regulation as a matter of priority and replacing it with an alternative framework that works for the UK.

    As for short selling, I see it as an important tool in financial markets. The UK should therefore have regulations that support it and do not place excessive burdens on market participants.

    Both of these areas are ripe for reform with the common theme of reducing red tape and making markets work better.

    Let me also share with you some news that I am announcing this morning.

    To ensure that the UK continues to be one of the best places for companies to list and trade, we need to ensure that investors have access to the information they need to make investment decisions.

    Companies need to feel confident that their investors will understand them, their goals and ambitions, and embark with them on their growth journey.

    This is why the volume and quality of research matters. That translates into more liquid markets and can help obtain higher valuations.

    I am therefore pleased to announce that another City expert … Hogan Lovells Partner and financial services regulatory expert Rachel Kent, will lead the Investment Research Review.

    The Review will gather evidence on the impact that the UK’s investment research offering has on both public and private markets, recognising the role that research plays throughout a company’s life cycle. While a lot broader in scope, Rachel will also look specifically at the impact of the MiFID unbundling rules when considering solutions.

    With her experience and knowledge of the sector, as well as the regulatory framework, I have every confidence that Rachel will do a fantastic job at convening the sector, looking at the evidence and finding solutions to improve the UK market for investment research, before delivering her recommendations in June.

    FSM Bill

    As previously mentioned, a key part of delivering our reform agenda is the Financial Services and Markets Bill, currently progressing through its final weeks in Parliament.

    Without getting into the weeds of the Bill, it will enable us to progress our ambitious plan to replace retained EU law with an approach that is tailored to the needs of UK markets.

    Central to this is the new duty on the FCA and PRA to facilitate the international competitiveness of the UK and its growth in the medium-to-long term.

    We will do this in a balanced, ordered way – and will only target policy change where there are clear benefits to the sector and the wider economy.

    Of course, as the regulators take on more responsibility for setting rules once we repeal retained EU law, it is right that their objectives reflect the critical role of the financial services sector in supporting the wider economy.

    Increased responsibility for the regulators must be balanced with clear accountability, appropriate democratic input, and transparent oversight.

    To that end, the Bill includes measures to increase the accountability of the regulators to Parliament, strengthen their relationship to the Treasury, make them publish more of their performance metrics and enhance their engagement with stakeholders – including many of you here today.

    A sector at the forefront of technology and innovation

    And in changing – or innovating – our regulation, we are simply in keeping with the innovative traditions of this sector.

    We are one of the world’s top two financial hubs and the world’s largest net exporter of financial services.

    Your capability to deploy capital behind innovation combined with our research strengths, makes the Prime Minister – the entire Government’s – aspiration to be a technology superpower by 2030 ambitious but highly achievable.

    The financial services sector is driving this agenda, and leading the change brought by technology and innovation.

    And the government is there to help you drive that change…

    We are creating a Financial Market Infrastructure Sandbox, which will help industry adopt and scale digital solutions that could radically change the way markets operate, and lead to markets that are more efficient, transparent and resilient.

    The first FMI Sandbox will be up and running this year. And as we learn from the outcomes of this flagship initiative, more can be established.

    We’re looking forward to watching firms grow in the sandbox, moving on from buckets and spades to world beating technological tools.

    We have recently published a wide-ranging consultation paper, setting out our proposals to establish a comprehensive framework for regulating cryptoasset activities in the UK, providing clarity for consumers and firms.

    By capitalising on the potential benefits offered by crypto – and the underlying technology – we are strengthening our position as a world-leader in fintech and unlocking further growth opportunities and innovation.

    And last month, the Treasury and the Bank of England issued a joint consultation on a potential digital pound in the UK.

    This is a major milestone in our work in this area, marking the end of the research and exploration phase and the beginning of the design phase of work.

    We are also taking forward other initiatives in the innovation space, such as the new Centre for Finance, Innovation and Technology – or CFIT -launched last week and backed by £5 million of Treasury seed funding. CFIT will champion the UK’s world-leading fintech sector, helping firms to create high-skilled jobs across the country and to achieve truly global scale.

    Concluding remarks

    Ladies and gentlemen, this is an exciting time.

    We face challenges, yes.

    But in confronting them we also find opportunity.

    Opportunity to do things differently…

    …to seize the moment…

    …to make our country the world’s most competitive location for financial services.

    It’s an ambitious, yet achievable agenda.

    It will require our joint enterprise and industry.

    But I know that together we can achieve great things. Thank you again for your welcome, and all that you do.