UK Parliament / Open data

Private Finance Initiative

Adjournment debate and Backbench debate on Thursday, 23 June 2011, in the House of Commons, led by Jesse Norman. The answering member was Justine Greening.
Unallotted backbench debate (half day). Sitting adjourned without Question put.
Type
Parliamentary proceeding
Reference
530 c143-94WH 
Session
2010-12
Department
Treasury
Chamber / Committee
Westminster Hall
Proceeding contributions
Philip Davies | 530 c143WH (Link to this contribution) I am grateful to my hon. Friend for bringing this debate to the House. One thing I have stumbled acr...
Jesse Norman | 530 c143-4WH (Link to this contribution) That is an extremely interesting suggestion. I am not sure how the details would work, but I will ma...

Show all contributions (94)
Lord Johnson of Marylebone | 530 c144WH (Link to this contribution) Is my hon. Friend aware that fewer than a quarter of England's 168 NHS hospital trusts have signific...
Jesse Norman | 530 c144WH (Link to this contribution) It seems to be true that many decisions were made from a desire to fit the financial cloth to the po...
Peter Bottomley | 530 c144-5WH (Link to this contribution) I hope that my hon. Friend does not think that I am sitting on the other side of the Chamber because...
Michael Fallon | 530 c145WH (Link to this contribution) While my hon. Friend is on the subject of a voluntary rebate, is he aware of the research from the u...
Jesse Norman | 530 c145WH (Link to this contribution) I shall be talking about the early history of the PFI shortly. As my hon. Friend implies, the Ryrie ...
Paul Uppal | 530 c148WH (Link to this contribution) First and foremost, I congratulate my hon. Friend on securing such an important debate. It is a test...
Jesse Norman | 530 c145-8WH (Link to this contribution) At this point, I want to keep the rebate voluntary because we are making good progress, but there ar...
Speaker | 530 c148WH (Link to this contribution) Order. I remind the hon. Gentleman that interventions must be brief.
Steve Barclay | 530 c158WH (Link to this contribution) Further to the point made by the hon. Member for Cambridge (Dr Huppert), is it not a central claim m...
George Eustice | 530 c158WH (Link to this contribution) On that point, is my hon. Friend aware that, as well as being poor value for money for the taxpayer,...
Andrea Leadsom | 530 c158WH (Link to this contribution) I think that my hon. Friends are reading my speech, because that was to be my next point. They have ...
Speaker | 530 c156WH (Link to this contribution) Order. Before I call the next speaker, I remind hon. Members that a lot of people want to participat...
Julian Huppert | 530 c157-8WH (Link to this contribution) Can the hon. Lady perhaps help with something that I have never understood about Labour's obsession ...
Andrea Leadsom | 530 c156-7WH (Link to this contribution) The PFI is one of those incredibly important, but unutterably dull subjects, that make an awful lot ...
Andrea Leadsom | 530 c158-9WH (Link to this contribution) Again, my hon. Friend takes me to my next point: the other side of the equation is the very apparent...
Speaker | 530 c159WH (Link to this contribution) Order. The hon. Lady has on occasion referred to my wanting to do many things. I do not want to do a...
Stella Creasy | 530 c153-4WH (Link to this contribution) I rise to speak as another member of the Public Accounts Committee, which lays claim to having had a...
Richard Bacon | 530 c152-3WH (Link to this contribution) Yes, and of course, we cannot blame the private sector for protecting its downside and ensuring that...
Mark Spencer | 530 c152WH (Link to this contribution) Is my hon. Friend also aware that the issue extends to the emergency services? Nottinghamshire polic...
Richard Bacon | 530 c149-52WH (Link to this contribution) I join other hon. Members in congratulating my hon. Friend the Member for Hereford and South Herefor...
Jesse Norman | 530 c148-9WH (Link to this contribution) I thank my hon. Friend for that intervention. I absolutely share his view that there is an interacti...
Paul Uppal | 530 c148WH (Link to this contribution) I will attempt to be brief. Does he concur with my view that, although the picture is mixed, the fun...
Therese Coffey | 530 c155WH (Link to this contribution) Just to clarify, is the hon. Lady suggesting that, as part of the negotiation of a PFI contract for,...
Stella Creasy | 530 c155-6WH (Link to this contribution) No, let me be clear. The Treasury uses the Green Book to assess whether a PFI is an appropriate mode...
Richard Bacon | 530 c154WH (Link to this contribution) Was it not richly ironic that Revenue and Customs, of all bodies, outsourced its entire estate for a...
Stella Creasy | 530 c154-5WH (Link to this contribution) One of the genuine delights about serving on the Public Accounts Committee with the hon. Gentleman i...
Andrea Leadsom | 530 c160WH (Link to this contribution) Yes, I think that that is right. The green investment bank will have the specific remit of promoting...
Andrea Leadsom | 530 c159-60WH (Link to this contribution) My hon. Friend makes a good point, and many of the problems arising from PFI have happened because t...
Mark Pawsey | 530 c162-3WH (Link to this contribution) My neighbour and colleague is making a strong case about the impact of the UHCW in the health econom...
Marcus Jones | 530 c162WH (Link to this contribution) Thank you, Mrs Main, for allowing me to speak in an extremely important debate. I congratulate my ho...
Baroness Burt of Solihull | 530 c160-2WH (Link to this contribution) I congratulate not only the hon. Member for Hereford and South Herefordshire (Jesse Norman), but eve...
Speaker | 530 c160WH (Link to this contribution) Order. As I have said, a lot of people want to catch my eye. If right hon. and hon. Members can conf...
Marcus Jones | 530 c163WH (Link to this contribution) My hon. Friend, whose constituency neighbours mine, has hit the nail on the head. In our situation,...
Mark Pawsey | 530 c169WH (Link to this contribution) Does my hon. Friend agree that a justification for a rebate arises from the effect of the spending r...
Anne Marie Morris | 530 c168-9WH (Link to this contribution) I will endeavour to make my contribution brief. This has been a very valuable and worthwhile debate ...
Robin Walker | 530 c166-8WH (Link to this contribution) That is an appropriate point to raise, and a strong argument for the sort of rebate that my hon. Fri...
Jesse Norman | 530 c166WH (Link to this contribution) My hon. Friend's powerful speech suggests that his hospital, the total cost of which is 10 times its...
Robin Walker | 530 c164-6WH (Link to this contribution) I congratulate my hon. Friend the Member for Hereford and South Herefordshire (Jesse Norman) on secu...
Marcus Jones | 530 c164WH (Link to this contribution) I will not give way, because I am mindful that other Members wish to speak. In conclusion, my hon. ...
Stella Creasy | 530 c164WH (Link to this contribution) Will the hon. Gentleman give way?
Marcus Jones | 530 c164WH (Link to this contribution) I share my hon. Friend's view, which he has expressed powerfully. We must also consider a point made...
Jesse Norman | 530 c164WH (Link to this contribution) Does my hon. Friend share my view that there is a world of difference between Building Schools for t...
Marcus Jones | 530 c163-4WH (Link to this contribution) I am not necessarily saying that PFI should not happen at all, but that contracts should be negotiat...
Jesse Norman | 530 c178-9WH (Link to this contribution) It is very important to distinguish two things. One is the internal rate of return, or IRR, of an in...
Mark Garnier | 530 c179-80WH (Link to this contribution) My hon. Friend makes an incredibly important point. I suspect that what these numbers are telling us...
Steve Baker | 530 c180WH (Link to this contribution) It is a pleasure to serve under your chairmanship, Mrs Main, and I will try not to attribute too man...
David Mowat | 530 c178WH (Link to this contribution) I have been listening very closely this afternoon to the points that have been made about the super-...
Mark Garnier | 530 c178WH (Link to this contribution) I thank my hon. Friend for that intervention—what a perfect opportunity for me to do so. These are t...
Mark Garnier | 530 c178WH (Link to this contribution) Those are the equity sale profits. So those companies are PFI providers who have then sold their con...
Steve Baker | 530 c180WH (Link to this contribution) I, too, would like to congratulate my hon. Friend the Member for Hereford and South Herefordshire (J...
Mark Garnier | 530 c177-8WH (Link to this contribution) It is a great pleasure to speak under one's chairmanship, Mrs Main. [Laughter.] I also add my name t...
Steve Barclay | 530 c183WH (Link to this contribution) I was just coming on to that exact point. Clarity would be welcome as to what falls under his remit....
David Mowat | 530 c183-5WH (Link to this contribution) I thank my hon. Friend the Member for North East Cambridgeshire (Stephen Barclay) for shortening his...
Steve Barclay | 530 c182WH (Link to this contribution) I will give way, but I wish to allow time for my hon. Friend the Member for Warrington South to spea...
Stella Creasy | 530 c182WH (Link to this contribution) Briefly, does my colleague on the Public Accounts Committee share my concern that Mr Pitchford has s...
Steve Barclay | 530 c182WH (Link to this contribution) My hon. Friend is absolutely right. It is helpful for the Minister to look at that example as a benc...
Steve Barclay | 530 c181-2WH (Link to this contribution) I am conscious that my hon. Friend the Member for Warrington South (David Mowat) wants to speak, so ...
Richard Bacon | 530 c182WH (Link to this contribution) What is interesting is that the Treasury sounded more reluctant to see unbundling than David Metter ...
Steve Baker | 530 c180-1WH (Link to this contribution) And indeed Liberals seem to have spoken as anti-liberals. I am perplexed by that. I would like to de...
Anne Marie Morris | 530 c169WH (Link to this contribution) I agree. My argument is that that is part of the problem, rather than the totality of the problem. M...
David Mowat | 530 c169-70WH (Link to this contribution) The three examples that my hon. Friend has cited are powerful, but they represent procurement failur...
Anne Marie Morris | 530 c170WH (Link to this contribution) My hon. Friend makes a valid point, which is why the issue is far more complicated than a rebate. T...
Neil Carmichael | 530 c170-1WH (Link to this contribution) It is a great pleasure to be operating under your chairmanship, Mrs Main. It is a great thing that m...
Richard Bacon | 530 c171WH (Link to this contribution) If my hon. Friend were to visit St Thomas Aquinas grammar school and Wellington college in Belfast, ...
Neil Carmichael | 530 c171-2WH (Link to this contribution) I thank my hon. Friend for making a good point; I shall answer it later in some detail. I turn next...
Neil Carmichael | 530 c172WH (Link to this contribution) Devon: it gets better! My hon. Friend made that point rather well. It certainly needs to be consider...
Steve Baker | 530 c172WH (Link to this contribution) I hope that my hon. Friend will forgive me telling a small anecdote. I remember being told a story b...
Neil Carmichael | 530 c172WH (Link to this contribution) I thank my hon. Friend for that. I do not like any mistakes; I do not like small ones, but I especia...
Speaker | 530 c173WH (Link to this contribution) Order. I do not disagree with the hon. Gentleman. He is making an interesting speech, but I keep hea...
Neil Carmichael | 530 c173WH (Link to this contribution) Thank you for being so understanding, Mrs Main. This is such a complex subject that you have to mars...
David Mowat | 530 c172-3WH (Link to this contribution) It is about accountability and procurement. Much of what has been said this afternoon is about procu...
Neil Carmichael | 530 c173WH (Link to this contribution) I think that you are absolutely right if you agree with me that we need more accountability in the p...
Neil Carmichael | 530 c173-4WH (Link to this contribution) Thank you very much. [Laughter.] You know, it is always great when someone makes a point in oppositi...
Speaker | 530 c174WH (Link to this contribution) Before Dr Thérèse Coffey makes her very eloquent speech, I am sure she will bear in mind that I have...
Richard Bacon | 530 c173WH (Link to this contribution) I have tried to resist intervening on my hon. Friend to ask him whether he realises that he is talki...
Therese Coffey | 530 c174-6WH (Link to this contribution) Thank you, Mrs Main. I appreciate your candour in admitting that you have had very little to do with...
Speaker | 530 c176WH (Link to this contribution) We have four hon. Members still hoping to catch my eye and there are 30 minutes left before the wind...
Justine Greening | 530 c188-92WH (Link to this contribution) I pay tribute to my hon. Friend the Member for Hereford and South Herefordshire (Jesse Norman) for s...
Stella Creasy | 530 c192WH (Link to this contribution) I am interested in what the Minister has said. Does that mean that the Treasury will rewrite the Gre...
Kerry McCarthy | 530 c185-8WH (Link to this contribution) I, too, congratulate the hon. Member for Hereford and South Herefordshire (Jesse Norman) on securing...
Jesse Norman | 530 c193-4WH (Link to this contribution) I am grateful to you, Mrs Main, for permitting me to speak again. I want to thank everyone who has c...
Justine Greening | 530 c192WH (Link to this contribution) We are not going to rewrite the Green Book. My point is that there are a number of variables in any ...
Jesse Norman | 530 c143WH (Link to this contribution) I am grateful for the opportunity to discuss the important issue of the private finance initiative u...
Andrea Leadsom | 530 c158WH (Link to this contribution) I was coming to exactly that point. The point is that funding the project through a special purpose ...
Andrea Leadsom | 530 c159WH (Link to this contribution) I am sure that, privately, you might be interested Mrs Main, but thank you for keeping me in order. ...
Baroness Burt of Solihull | 530 c160WH (Link to this contribution) I totally agree with the hon. Lady about the green investment bank. Does she think that that could p...
David Mowat | 530 c159WH (Link to this contribution) The point that I believe is at issue is procurement failure. To take the example of the hockey pitch...
Stella Creasy | 530 c163WH (Link to this contribution) I am interested in what the hon. Gentleman is saying. We have all talked about the difficulty of ren...
Subjects
Finance
Private sector
Public sector
Public expenditure
Private finance initiative
Standards
Link
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