Speeches by Pinto-Duschinsky.

“One in five of the fuel-poor are pensioners.”

“This is fascinating, thank you. I suppose I take away three things from what you are saying, and I want to test them with you. The first is that targeting is a good idea, so you are not against the idea of targeting, per se, but it is what you use to target. It actually sounds like, Anthony, for instance—not wishing to…”

“Thank you all for sharing your insight. Eligibility for both winter fuel and cold weather payments, as we have discussed, is linked to the receipt of means-tested benefits. What do you think are the main pros of that, but also the limitations of using benefits as a proxy for the fuel payment?”

“The hon. Member is right that businesses need certainty. Does he agree that the thing that most undermined the certainty of businesses was the chaos that the Conservative party created through Liz Truss’s disastrous mini-Budget?”

“I congratulate the Chancellor of the Exchequer on securing the Mansion House accord, which will channel billions into the economy and make a real difference to my constituents. One of the reasons that pension funds agreed to join the accord was because of the strong pipeline of investable projects that the Government a…”

“I welcome the measures that my right hon. Friend has announced today. I join her in paying tribute to the security services and thank them for keeping us safe. The actions of the last few days have underlined the profound threat that Iran poses to our country. Many of the Iranian community in my constituency of Hendon …”

“Definitely. That is presumably relatively easy to design—even a league table that says “Here is your return over one year, five years, 10 years”, right? People can then adjust their risk appetite and pick on the basis of their risk appetite.”

“That is what I was going to ask. I am hearing that it is necessary, but what else is sufficient? To take the example of private markets, we know that 80% of the delta of UK private equity issuance has been in private rather than public markets. That has been the explosive growth, and yet there has been a reluctance to …”

“Thank you so much for taking the time to come and talk to us. This is very timely because just yesterday we had the announcement of the Mansion House accord, building on the work of the Mansion House compact a couple of years ago. As you said, that is in the context of levels of investment into private markets, and spe…”

“That is helpful. It sounds like it will drive a bit of consolidation at the bottom end through its cost impact, but you are absolutely right about getting the cost-benefit right. I want to come back to your point, Chris, because this is obviously about how market actors use the information to drive their behaviour. You…”

“Thank you all for taking the time to come and talk to us. I would like to return to the issue of value for money. There have been lots of interesting conversations about scale, not least around what level consolidation should happen at, but value for money seems to be a key driver, as we heard in the previous session, …”

“One of the issues that goes with that is the value-for-money framework. I have a separate question I would like to pick up, although I don’t think we’ll have time, about the level at which consolidation happens. You talked about companies—is it at company level or at master trust level? Where does consolidation actuall…”

“Public and private.”

“Thank you for your comments; this is obviously a very fraught issue. I want to come back to something Jackie said. You mentioned that there is uniform opposition within the sector. Conversations I have had suggest it is a bit more nuanced than that; it depends on what bit of the sector. You said asset managers are utte…”

“That is exactly right, but I suppose that also flags up the extent to which, because our funds have been very heavily focused on public markets rather than private ones as well, you get into that doom loop pretty quickly. As IPOs and stuff drop off a cliff—I think there were only 18 IPOs in the UK last year—you then ge…”

“The hon. Member is talking about fishing rights. Under his Government, the UK catch suddenly dropped by 80%. Will he now apologise for the damage that he and his party did to the UK fishing industry?”

“I congratulate my hon. Friend and Treasury colleagues on helping to deliver such an important agreement. The accord will unlock up to £25 billion of additional capital. It is a huge vote of confidence in the Government’s demand-side reform agenda to get Britain building and in our economic strategy, providing stability…”

“Can we put any magnitude on that?”

“Brilliant, thank you. In the interests of time, I will not ask any more questions.”

“I am conscious of the time and sorry that this is going to be somewhat truncated because I would love to ask more about it. You talked about integration, and key to that is having devolved and place-based provision. How closely do you work with not just local service providers but local employers and how important has …”