Results 1–20 of 2108 for (in the 'Commons debates' OR in the 'Westminster Hall debates' OR in the 'Lords debates' OR in the 'Northern Ireland Assembly debates') speaker:Esther McVey

Royal Assent: Motability (8 Feb 2018)

Esther McVey: I am here today to address the concerns that have been raised about the structure of the Motability scheme. Let me first say that the scheme provides important support for more than 600,000 disabled people and has improved and extended its offer over the past few years. For example, in 2013, in my role as Minister for disabled people, I summoned the chief executive and chair to explain the...

Royal Assent: Motability (8 Feb 2018)

Esther McVey: First, I thank the hon. Gentleman for his work and for his courage in pursuing the matter. I also thank the media for exposing the situation. Now that I am back in the House as Secretary of State for Work and Pensions, I can say that the situation needs to come under the spotlight. I would like to work with him on that, to bridge the divide of party politics and do what is right. We need to...

Royal Assent: Motability (8 Feb 2018)

Esther McVey: My hon. Friend raises a good point. This issue unites Members on both sides of the House. The first step is for the NAO to look into the matter, but my hon. Friend’s suggestions seem fair and right, and they are the kinds of points we should pursue.

Royal Assent: Motability (8 Feb 2018)

Esther McVey: The Department has worked closely with Motability to ensure that disabled people get good value for money for the cars that they choose to spend their money on. The Charity Commission, which recently undertook a detailed review of the charity’s financial accounts and its relationship with the non-charitable company Motability Operations, said: “That review did not identify...

Royal Assent: Motability (8 Feb 2018)

Esther McVey: That is exactly what we want to ensure. My hon. Friend is right that the people who could benefit from this scheme should be benefiting from it, but obviously it is their choice whether they want to do so. If we could widen the scheme by allowing the money held in reserves to go to those disabled people, surely that would be right.

Royal Assent: Motability (8 Feb 2018)

Esther McVey: The hon. Gentleman again pursues the points that we are all trying to pursue. I will do each of those things and report back.

Royal Assent: Motability (8 Feb 2018)

Esther McVey: My hon. Friend is directed by true compassionate Conservative beliefs. The Government are bringing forward a new review and new law on corporate governance to cover all these matters. We want transparency—that is what will drive correct behaviour. We want accountability, and we want people to do the right thing. If that takes shining a sharper spotlight on their actions, then that is...

Royal Assent: Motability (8 Feb 2018)

Esther McVey: I thank the right hon. Gentleman. I will meet him to decide between us, with the hon. Member for Bassetlaw (John Mann), which questions would be best to focus on.

Royal Assent: Motability (8 Feb 2018)

Esther McVey: My hon. Friend pursues this matter with tenacity. I will be getting in touch with the Business Secretary to discuss what additional actions need to be taken in the forthcoming new law on corporate governance.

Royal Assent: Motability (8 Feb 2018)

Esther McVey: The hon. Lady is right to be emotional, because for many people this is an emotional matter, particularly just after Christmas. Again, these are matters that need to be pursued, and the trustees need to be held to account.

Royal Assent: Motability (8 Feb 2018)

Esther McVey: We have to get the results from the NAO, from the Select Committee, and from the Charity Commission. However, my hon. Friend is right. This scheme, which was set up with the best intentions and good purposes, and has helped people, appears to have lost its way. It is only right that we help it to get right back on track to help the people it was set up to support.

Royal Assent: Motability (8 Feb 2018)

Esther McVey: It is because of the tenacity of certain Members, for sure, and the freedom of our press, which has aired the case. This has been looked at for quite a few years, and I got concessions from Motability, as did my right hon. Friend the Member for Portsmouth North, but now we need to take the matter further.

Royal Assent: Motability (8 Feb 2018)

Esther McVey: We have to bring in the correct people to do the oversight, whether that is the FCA or the NAO, and those are the parameters we will use in a cross-party way to make sure we check out what reserves are needed, what reserves are not needed and what reserves need to go back to disabled people.

Royal Assent: Motability (8 Feb 2018)

Esther McVey: When we have got the money back from Motability that we believe we should to support disabled people, that is one of the first things it should be used for.

Oral Answers to Questions — Work and Pensions: Carillion: Pension Protection (5 Feb 2018)

Esther McVey: Where all sponsoring employers of a defined-benefit pension scheme have declared insolvency, they will enter a Pension Protection Fund assessment period. The Pension Protection Fund will actively work with the scheme administrator to assess whether it is able to buy out the pensions at a higher level than the PPF benefits. Where a scheme cannot do this, PPF will provide compensation....

Oral Answers to Questions — Work and Pensions: Carillion: Pension Protection (5 Feb 2018)

Esther McVey: What the Government did successfully back in 2004 was set up the Pension Protection Fund, which is there to compensate people should their businesses become insolvent. This is what the fund will be doing: affording protection at 100% for those who have a pension. Those not yet on a pension will be getting 90%. The Government are ensuring that businesses are responsible to their employees and...

Oral Answers to Questions — Work and Pensions: Carillion: Pension Protection (5 Feb 2018)

Esther McVey: My hon. Friend is absolutely right. The Government are seeking to ensure that the regulator will—our new Bill will come out later in the year—have more rights to fine, follow criminal procedures and look into mandatory clearance. Those of us who have studied corporate governance realise that the rules changed in 1991—the Cadbury report and the OECD corporate governance...

Oral Answers to Questions — Work and Pensions: Carillion: Pension Protection (5 Feb 2018)

Esther McVey: We are getting feedback from various businesses on how they think we can best enable and support them. Any knee-jerk reaction might result in unintended consequences. Shining a spotlight on one area could close down loopholes, only for others to open up. This has to be looked at in the round, but, as I said, stakeholders, shareholders and the executive team should be held to account. We will...

Oral Answers to Questions — Work and Pensions: Carillion: Pension Protection (5 Feb 2018)

Esther McVey: I can indeed reassure my hon. Friend that what it is doing, and the avenues it is pursuing, are correct and thorough. I met the regulator last week. It is making sure that it investigates these key matters and provides the necessary pension support. Where we need to strengthen in future, we will do so. Equally, I would like to make Members aware of what the pension regulator has done in the...

Oral Answers to Questions — Work and Pensions: Carillion: Pension Protection (5 Feb 2018)

Esther McVey: When I hear some of the hon. Lady’s comments, particularly those that are out of context, I think about the letter that she has received in the past two days from the UK Statistics Authority, which states that many things she has said are not accurate. The letter said that her remarks—whether about children waking up in poverty at Christmas or linking universal credit with...


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