Spending and value for money

I have always stressed when saying we can afford to borrow to offset the damage done by anti pandemic policies to the economy that we should not waste money or undertake spending the private sector can cover as it did pre pandemic.

The Business Department budget shows that it should be possible to reduce future outgoings whilst still doing a good job for the UK economy and business sector.

The Business department has a massive £175 bn of accumulated liabilities. Many of these are possible future payments to close down nuclear power plants and to subsidise wind and solar power. The Accounts  may understate the possible outturn on contract for differences power costs, which are  currently priced at £89.6bn by the Department compared to the more modest  £16.5bn liability on the balance sheet.

All this needs managing to get value for money and to control outgoings.

1. Safety should of course be an absolute  override, but it would repay study to examine the pace of the nuclear closure programme and the speed and incidence of remedial and recovery work               thereafter. They currently assume 7 stations close 2023-30.

2.The Smart meter programme is costing a massive £20.1bn and is very unpopular with many users. Could this be rephased?

3. International contributions to climate change projects are in at £11.6bn. So far the public sector has contributed more than the private. Maybe it is  time to demand greater leverage from the private sector? Surely emerging countries would prefer profitable projects?

4. £85.3bn of accumulated business support for CV 1 9  was  necessary spending. As there are £69.1bn  of loans, what is being assumed about repayment schedules once we have a proper economic recovery post vaccination? It is important the government makes sensible phased arrangements for recovery or for the transfer of these loans to banking sector.

5. CFD payments for renewable power . It is time for a value for money review of options as this is becoming a large contingent liability, particularly for new nuclear.

The Business Department budget is a reminder of just what a complicated nexus of subsidies, regulations and interventions there are  now are to keep the lights on and the factories turning.




Vaccinations

I am receiving a  number of enquiries about why someone has not yet been vaccinated, along with examples of others of a similar age who have.

The local health service is well advanced with its vaccination programme and thinks it will hit the government targets. GPs say they will be sending out invitations to receive the vaccine to all those entitled, but there will of course be some who are vaccinated sooner and some later within the timetable set out given the large numbers involved. The aim of the local NHS is to use all the vaccine made available each day with stated appointments for those in the priority categories . I think it best that we let the NHS get on with it, as too many enquiries or complaints will add pressure when they need to put all their efforts into this large programme of  vaccination.

The first four categories currently being invited in order are:

1 Residents in a care home for older adults and staff working in care homes for older adults
2 All those 80 years of age and over and frontline health and social care workers
3 All those 75 years of age and over
4 All those 70 years of age and over and clinically extremely vulnerable individuals (not including pregnant women and those under 16 years of age)



Trade with the EU

The EU has failed to approve the Astra Zeneca vaccine and have said they need to take more time to check  it out. Now they are also saying that they want more of it delivered than the company can currently produce. That is a matter to be sorted out between the EU and the company. The EU then threatens to interrupt exports contracted by customers outside the EU as punishment for difficulties in supplying sufficient vaccine under another contract.

Supporters of  the EU are always telling us they uphold the legal and international order. This looks like the opposite.

The EU are also making life difficult for business in GB, Northern Ireland and the Republic by their interpretation of rules and the Protocol.It is high time the U.K. legislated to restore the integrity of the U.K. single market. No goods going to and from GB and Northern Ireland should face any additional impediments compared to transit of goods within GB. Any goods certified to travel onto the Republic from Northern Ireland can be treated in accordance with EU import requirements by agreement between the EU and U.K. or by the EU at their border.




Wokingham West PCN is one of the highest performing Covid vaccination areas in the country

I have today received this update from the Secretary of State for Health and Social Care:

Dear John

I am writing to update you on the fantastic efforts of your local Covid vaccination teams. I am delighted to inform you that Wokingham West PCN is one of the highest performing Covid vaccination areas in the country, having now covered over 85% of those over 80.

Britain is leading the global fightback against the virus, being the first country in the world to approve a clinically-trialled vaccine and now deploying the vaccine on the ground faster than almost any other country in the world. And this is down to the tireless efforts of all those involved – especially those on the ground in our communities, from nurses, to GPs, to pharmacies, to volunteers, and so many more.

It’s incredible to see this community spirit, as people pull together to lead us collectively out of the pandemic. I hope you will join me in thanking and congratulating all those involved in your area for the part they are playing in this national effort.

Yours ever,
MATT HANCOCK




My Question during the statement on Covid protections at the UK Border

Sir John Redwood (Wokingham) (Con): I congratulate my Right Honourable Friend on the what she has been doing. Will she strengthen the law against people trafficking which remains a worrying danger and can she ensure the necessary travel controls do not stop essential work travel?

The Secretary of State for the Home Department (Priti Patel): My Right Honourable Friend is absolutely right. First of all, in terms of people trafficking, he has been assiduous on this. He has heard me a number of times in terms of the measures that we are bringing forward in terms of legislation and plans around tackling people trafficking and the smugglers. We have some good reports on that in terms of the some of the criminal penalties and sanctions that have been levelled against individuals.

Secondly, he is absolutely right in terms of fines we are putting in place and the exemptions that are required around key areas such as goods in particular coming into the country.