Tulip Siddiq
MP for Hampstead and Highgate · Labour · United Kingdom
“While I recognise this was not the main part of the Foreign Secretary’s statement, I thank him for raising the plight of British Jewish children who are fearful going to school. As he will know, a lot of British Jewish children live in my constituency, and their safety is my main priority.”
“The hon. Member said that he wanted to take interventions. He mentioned schools. On my way into Parliament today on the Northern line, which appropriately for today’s debate was boiling, I received a number of emails from worried parents.”
“One of my constituents is a former care leaver who is facing immense health conditions and he can no longer work. Given the lack of family and social support that many care leavers experience, they are uniquely vulnerable to financial insecurity.”
“On a point of order, Madam Deputy Speaker. During Prime Minister’s questions today, the Leader of the Opposition called the Secretary of State for Education a “spiteful class warrior”, and previously she has compared her to a Gestapo officer.”
“Could I ask your advice, Madam Deputy Speaker, on whether the language used by the Leader of the Opposition today towards the Secretary of State for Education—a woman who grew up in poverty on a council estate, was raised by a single mother and was on free school meals, and worked her way up to the Cabinet—is appropriate to be used in the…”
“As you will be aware, Mr Speaker, Monday was Windrush Day, founded by Patrick Vernon to celebrate the contribution of migrants to our community. Will the Prime Minister outline exactly what this Government are doing to recognise and serve the Windrush generation, who did so much to play a vital role in our country’s history?”
The complete record
Every one of 608 lines we hold for Tulip Siddiq, in date order, each linked to its source. Free to read, in full, without an account. Page 3 of 13.
“May I congratulate the Prime Minister on securing a landmark deal with our European neighbours? The Prime Minister will know that my constituency has been a leading light in the creative industries for a long time—and not just because my predecessor was a double Oscar-winning actress. Local actors have been coming to me expressing their frustration about securing work in Europe because of delays with work visas, and also because of the limit of 90 days for UK nationals. Can the Prime Minister reassure my local performers that they will not just be waiting in the wings while the rest of Europe takes centre stage?”
“Gentleman agree that developers also have a role to play in managing surface water flooding? I am sure he will address that, but I want him to know that there are others in this room who agree with him about the role of developers.”
“I thank the hon. Gentleman for securing this important debate. As soon as I walked in, a colleague looked at me in astonishment and said, “Is there flooding in west Hampstead?”, and I said, “Actually, there is.” It takes only a heavy rainstorm to fill all the homes in my constituency with water and sewage. I intervene at this point in the debate because we, too, have a Mill Lane—not the same one—in west Hampstead that has been flooded. The risk of surface water flooding has not been taken seriously, which is strange, because properties in danger from surface water flooding outnumber those in danger from rivers and seas by two to one. I am proud that our friends in City Hall are actually publishing their surface water strategy tomorrow, but does the hon.”
“My constituency of Hampstead and Highgate has a proud history of welcoming refugees, whether it is migrants from Ireland back in the day or people fleeing political persecution in Nazi Germany. More recently, they opened their doors to refugees from Afghanistan and Ukraine. I welcome the Government’s measures to enable refugees to access skilled worker visas. However, what are the Home Secretary’s plans for refugees whose work visas will expire, but who cannot return to their countries of origin? Will they be eligible for settled status, and how will the Government guarantee their safety in the UK?”
“I thank my hon. Friend for giving way and congratulate him on a very important speech. I know he has been vocal on this topic since he was elected. He will not be surprised to know that I agree with him: the City has an important role to play in mobilising capital to support the defence industry, as he mentioned. I also know how important it is for UK companies to have access to EU finance. For example, there is the Horizon scheme. British scientists have already secured £500 million in research funding, thanks to the UK rejoining the programme. He just mentioned the summit coming up. Does my hon. Friend agree that co-operative defence procurement should be a high priority for the Government at the UK-EU summit?”
“15. What steps he is taking to ensure that local authorities have adequate resources for energy efficiency upgrades for council leaseholders and social homes.”
“I am pleased to see the Government’s commitment to provide thousands of low-income households with energy-efficient upgrades. This could not have come too soon for my vulnerable constituents who are living on housing estates with outdated energy systems that sometimes leave them without hot water and heating for months on end. Camden Council, which I know the Minister knows well, has plans to upgrade the energy efficiency of those estates, but in many cases it just does not have the resources to replace the heating systems with heat pumps, which would lower bills and carbon emissions even further. What assurances can the Minister give me that local authorities will be given the support necessary to deliver the energy upgrades to the highest possible level?”
“I was pleased to see that the Foreign Secretary, along with France and Germany, strongly condemned the use of humanitarian aid as a political tool. The Minister will know very well that the only way to bring peace and stability to the region is by working together with our network of allies. Bearing that in mind, what conversations has he had with our European and international allies about the Palestinian-led planning of recovery and reconstruction in Gaza, as outlined in yesterday’s excellent memorandum of understanding?”
“Last year, I raised the concerns of a constituent whose family member was stuck in Gaza without food and water. The situation has worsened since the aid blockade. I am particularly worried about the escalation of hostilities impacting most on women and girls. Supplies of female hygiene products are at critical lows, women are giving birth on hospital floors, and doctors are performing C-sections without adequate medical supplies. May I ask the Minister, on behalf of the hundreds of constituents who have written to me, what the UK Government are doing to end the aid blockade? Will he reassure me that the Government have communicated the sheer urgency on the ground to the Israeli Government?”
“I thank the hon. Member for bringing such an important debate to the House, and I congratulate her for having three teenagers and still holding down this job—that is a remarkable achievement. Relationship education is very important for how young people relate to their peers, but one of the common complaints I hear from parents in my constituency is that a lot of people will learn about relationships from social media. The hon. Member has already touched on this, but will she say a bit more about the importance of looking at young people’s access to social media and supporting teachers and headteachers who are looking at banning smartphones and social media in schools?”
“Much to my alarm, the North Central London ICB has recommended the closure of the maternity unit at the Royal Free hospital in my constituency. The Secretary of State knows the Royal Free well. Will he meet me to see how I can save my local maternity unit, which looked after me so well when I had gestational diabetes?”
“I thank the Minister for her commitment to mandatory ethnicity pay gap reporting. However, I was disappointed to learn that the Financial Conduct Authority and the Prudential Regulation Authority are rowing back on their proposals to boost diversity in financial services. I feel that risks pushing away the very best talent from the sector. Only 4% of financial services firms disclose their ethnicity pay gap. The announcement will only slow the pace of change that is needed to tackle inequalities. Does the Minister agree that initiatives that aim to reduce the ethnicity pay gap are not anti-growth, but pro-talent and pro-growth?”
“Q5. I am proud to represent a constituency with eight synagogues, a thriving Jewish population and the United Kingdom’s largest Jewish cultural centre, JW3, but this week, I was horrified to read reports of rising antisemitism on NHS wards, and in particular about a shocking incident in which a Jewish NHS staff member was called a baby killer by a colleague. The NHS that I know and love is open to everyone, regardless of background. What is the Prime Minister doing to ensure that my Jewish constituents can safely use our beloved national health service?”
“When I was growing up in the 1980s, my nose was always buried in a book, and I let my imagination run wild. Nowadays, nine in 10 children have a mobile phone by the time they reach the age of 11, and statistics show that there has been a steep decline in the number of children reading for pleasure. Does the Minister agree that the likes of Roald Dahl and Jacqueline Wilson should not be replaced by a smartphone, and will she prioritise children’s reading for pleasure in the school curriculum?”
“I thank the Minister for his statement and echo his sentiments and worries about the escalating violence in the region. He will be aware of the chronic underfunding of health facilities there, particularly maternity services and newborn care facilities. There are worrying reports of pregnant women losing their lives as they are shuttled between hospitals because of inadequate medical supplies. What conversations is he having with the interim Government about the health provision in the region, particularly women’s health provision?”
“I have received an email from my constituent that says: “On April 1 last year I had a fall on Highgate Golf Course which resulted in a complex break of my right leg. Friends phoned for an ambulance but were told that an ambulance would not come for this type of emergency…On a cold spring day, I was left lying in an isolated spot on the wet ground, unable to move and in great pain, with very limited options about getting to hospital.” Could we have a debate about the response of ambulances in such serious situations, so that my constituents do not have to go through something like that again?”
“My hon. Friend is making a powerful speech. I am sure that all those young women in Brent and north London who are watching her will be very proud. One topic that often comes up in our local mothers’ WhatsApp chats is social media. My hon. Friend is talking a lot about change. Statistics show that, after spending time online and on social media, 40% of young women and girls feel lonely and depressed because of all the online abuse. Does she think that social media platforms need to take some responsibility for the content that is amplified through their platforms?”
“My constituency has welcomed hundreds of Ukrainian refugees into the community. I pass on their thanks to the Prime Minister for the strong leadership that he has shown over the past few weeks. The majority of these Ukrainians want to go back to their country when it is safe to do so, but a small minority of young Ukrainian refugees have approached me to say that they have laid down roots, built careers and started relationships here, but have no route to settled status. What consideration has the Prime Minister given to the lives of these young Ukrainians who want to make London their permanent home?”
“A constituent of mine and her son moved to this country under the Homes for Ukraine scheme. She has a very stable job here and her son is doing A-levels at the best maths school in London, but she is worried that her 18-month visa extension will expire in the middle of her son’s exams. What conversations is the Foreign Secretary’s Department having with the Home Office to ensure that young Ukrainians who moved here through no fault of their own do not have their education disrupted, but can build a life for themselves?”
“The Secretary of State will be well aware of the impact of covid on the wellbeing and attainment of children who are now at primary school, particularly those from disadvantaged backgrounds. This welcome intervention will make a massive difference to that covid cohort, but may I press the Secretary of State on the next steps for them, in terms of attainment but also mental health? What is her Department doing to ensure that there is more mental health provision, especially in primary schools?”
“My hon. Friend is making a powerful speech. Everyone wants to intervene, and she is being very generous with her time. As she mentioned a few important local organisations, I want to do the same for my constituency. The redevelopment of Highgate Newtown community centre is an example of how an ambitious community space can serve as a welcoming hub that children and families look forward to visiting, and I thank Andrew Sanalitro and his team for making that happen. Does my hon. Friend agree that housing developers should not just retain community centres, but enhance them, in order to make provision for young people and families in our constituencies?”
“The hon. Member is being very generous with his time. He has brought a very important debate to the House. Others might disagree, but I think my constituency is the best in the world. We have one of the prettiest high streets in Hampstead, but the problem at the moment is that Hampstead post office is under threat of closure because of years of under-investment. I personally have been going there since I was a teenager. Elderly people and small businesses, which the hon. Gentleman referred to, rely on it. Does he agree that if we want our high streets to thrive, the post office has to stay open?”
“I thank the Minister for his important update. As an aside, I hope that he will keep the definition of extremism under review. Turning to the case today, I am sure the Minister will agree that we have a collective responsibility to ensure that young people do not develop a world view that leads them to a life of violent extremism. We know that a lot of the grooming of young people starts online, and that the perpetrator in this case viewed harmful content online, which stayed online for months on end. What conversations has the Minister had with the social media companies, which have to take some responsibility over the content that is generated and then amplified on their platforms?”
“My hon. Friend is making a powerful speech based on his personal experience. He talks about the importance of support, and I want to talk about the importance of advocacy services that advise children on their rights when they receive social care services. Advocacy can be transformative to the lives of children, but the Children’s Commissioner found that many children do not receive support from an advocate, despite being referred by their local authority. Does my hon. Friend agree that if we are trying to protect the most vulnerable, which he is clearly passionate about, a good starting point is to prioritise advocates so that children feel like they are being listened to?”
“Whether our constituencies are rural or urban, the destruction that we saw last week should remind us of the need for urgent climate action. In the summer of 2021, my constituency experienced an extreme rainstorm, and homes in south Hampstead were invaded by water and raw sewage. One of my constituents, a recovering stroke victim, was left on the street with nothing but a small bag of belongings, and is now homeless. The same area was flooded in 2002 and in 1975, but no drainage improvements have been made. Can my right hon. Friend, who knows my constituency well, confirm that drainage infrastructure will be included in the Government’s resilience review?”
“I am proud of my constituents in Hampstead and Highgate who opened their doors to Ukrainian refugees, and those at South Hampstead synagogue who offered free history and English lessons. Last year, I met some of those refugees to talk about the enormous cultural contribution they are making to our country. Turning to the pillar 9 of the partnership, what is the Foreign Secretary doing to ensure those who have been forced to flee their homes retain cultural links with their country and preserve their sense of heritage?”
“I beg to move, That the Committee has considered the draft Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2024.”
“They do this by enabling the FCA to exercise existing supervision and enforcement powers under FSMA 2000 on persons carrying out designated activities, whether or not they are authorised. In the first instance, these powers will be extended to the activities covered by the Consumer Composite Investments (Designated Activities) Regulations 2024 and the Short Selling Regulations 2024. Tha will enable effective supervision of these regimes. I thank the Committee for putting up with these quite technical amendments. The statutory instruments ensure that our financial services industry is subject to a rulebook that is fit for purpose, more proportionate and tailored to UK markets. I hope the Committee will join me in supporting these regulations.”
“The DAR was introduced into the Financial Services and Markets Act 2000 by the Financial Services and Markets Act 2023, which the Opposition spokesperson will know very well, since we sat across from each other, debating it for days. It allows the Treasury to designate certain activities to be regulated by the FCA. However, persons carrying on those activities under the DAR do not need to become full authorised persons like banks or insurers. This enables proportionate regulation for activities where it would be disproportionate to have met all requirements for authorisation. The Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2024 enable the FCA to supervise and enforce the rules it makes under the DAR.”
“It will also mean that the UK’s short selling rules can be adapted and updated by the FCA in a more agile way in future—for example, to better adapt to new global standards or to take account of market innovation and new business models. The instrument retains the FCA’s powers to intervene in relation to short selling activity in UK markets in exceptional circumstances, which is an important feature of the current regime. Turning to the Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2024, to give the FCA the broad rule-making powers for short selling that I just mentioned, the new short selling regime operates under the designated activities regime—known as DAR.”
“The draft regulations introduce a more streamlined UK short selling regime, which focuses on equities, rather than both equities and sovereign debt. The new regime also introduces a reformed public disclosure regime for short selling, ensuring that there is transparency over short selling activity, without the issues identified with the current regime through the 2022 call for evidence. However, as I am sure the Opposition spokesperson will identify, there can be risks associated with short selling. As such, it is important for the Financial Conduct Authority to have the tools to effectively monitor short selling activity and intervene if necessary. This statutory instrument provides the FCA with broad rule-making powers in relation to short selling. This will allow the FCA to effectively oversee short selling in UK markets.”
“It also creates significant new flexibilities to allow ringfenced banks to operate globally, subject to PRA rules, as well as to provide a wider range of goods and services to their customers. I turn to the draft Short Selling Regulations. Short selling is the practice of selling a security that is borrowed or not owned by the seller with the intention of buying it back later at a lower price to make a profit. Short selling plays a healthy role in the proper functioning of financial markets. It provides essential liquidity to markets, which drives investment in British companies; it helps to drive economic growth; and it helps to ensure that investors pay the right price when investing in shares.”
“The first is an increase in the primary deposit threshold—the amount of core deposits a bank can hold before it is required to ringfence—from £25 billion to £35 billion. This accounts for growth in the deposit base and other relevant economic indicators since ringfencing was introduced and it supports competition. The second change is the introduction of a new secondary threshold, which exempts retail-focused banking groups from the regime, where investment banking activity accounts for less than 10% of common equity tier 1 capital. This SI also makes changes to the way that banks within the regime can operate. It introduces measures to encourage more investment by ringfenced banks in UK small and medium enterprises and to reduce the compliance burden associated with the regime.”
“It requires large, complex banks to separate the services that they provide to households and small and medium enterprises from investment banking activity. In 2022, an independent statutory review of the regime recommended updates to ensure that it operates as intended and is proportionate. This statutory instrument improves the regime and implements changes from the review. The reforms that it contains will improve competition in the banking sector, reduce costs and support economic growth. They have been developed with the Prudential Regulation Authority, which is content that they also maintain appropriate financial stability protections. I will outline the most material updates to the regime. The reforms will ensure that in future only the largest, most complex banks are subject to the regime, with two key changes.”
“It is a pleasure to serve under you, Mr Vickers, during this quiet week in politics. The regulations that we are introducing today will ensure effective, proportionate regulation for the financial services sector, first, by reforming the ringfencing regime to be more flexible while upholding financial stability safeguards; secondly, by creating a new framework for the regulation of short selling; and thirdly, by enabling better supervision and enforcement of designated activities under the Financial Services and Markets Act 2023. I will turn first to the reforms to the ringfencing regime for banks. As the Committee will know, ringfencing was introduced following the global financial crisis on the recommendation of the Independent Commission on Banking, and it came into full force in 2019.”
“Generally, we feel that this SI is important overall to our mission of growing the economy. I know that when the hon. Gentleman was in government, he had sight of a similar SI and was in agreement with it. I thank the Committee for agreeing to pass this legislation. Question put and agreed to. DRAFT FINANCIAL SERVICES AND MARKETS ACT 2000 (DESIGNATED ACTIVITIES) (SUPERVISION AND ENFORCEMENT) REGULATIONS 2024 Resolved, That the Committee has considered the draft Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2024. —(Tulip Siddiq.) DRAFT SHORT SELLING REGULATIONS 2024 Resolved, That the Committee has considered the draft Short Selling Regulations 2024. —(Tulip Siddiq.)”
“I have been clear with the FCA that effective, proportionate regulation is key to our aims, and that it needs to deliver the Government’s mission to drive inclusive growth. As the hon. Gentleman knows, the FCA is operationally independent but accountable to Government and Parliament. I am engaging closely with the FCA on name-and-shame proposals and will make sure that any potential impacts on international competitiveness and growth are properly considered. That is not to dismiss the concerns about those proposals from industry, which I have heard first hand. The subject comes up repeatedly in my meetings with the FCA. I hope that reassures the hon. Gentleman a little bit. I think I have covered most of the hon. Gentleman’s questions, but am happy to write to him on any others.”
“Gentleman mentioned, did not suggest that uprating was necessary to maintain the policy aims of the current ringfence, the Government have recognised that the threshold acts as a barrier to the growth of smaller players in the market, dampening competition for retail customers. His points are valid, and we will be looking at them, but there are no plans at this point to change the threshold in the way he mentioned. On the hon. Gentleman’s points about name-and-shame proposals, I am very pleased to hear that he has been reading my interviews in detail. I have raised those proposals several times with the FCA and welcome the fact that it has listened to industry feedback on them. It has taken some steps to address some of the concerns raised by industry, which he will know about.”
“The Treasury considered several metrics as well as financial stability and competition considerations in proposing the £10 billion increase. Increasing the deposit threshold will provide smaller banks with more headroom to grow before being subject to the requirements and costs of ringfencing. We feel that will support domestic competition in retail banking markets. A competitive and dynamic market will improve outcomes for depositors. The reform may encourage inward investment in the UK as new entrants to the UK banking market will have more room to develop economies of scale before being subject to the regime. While the independent review, which the hon.”
“I thank the Opposition spokesperson for his questions. I am grateful that he is supporting us. He agrees that the SIs represent an important step in ensuring that our approach for the regulation of financial services is effective and proportionate. We feel that these are sensible, technical reforms. The Treasury undertook detailed work with the PRA after the independent review, which the hon. Gentleman mentioned, released its final report in 2022, consulting on a draft package of measures in 2023 and refined those proposals in line with feedback. It is recognised that the ringfencing regime was originally designed so that the threshold would need to be adjusted over time to reflect the evolution of banking practices and growth in the deposit base.”
“One of our manifesto commitments was to increase the non-resident SDLT surcharge by one percentage point. The Government have decided to go further than that commitment and increase the higher rates of SDLT, known as higher rates for additional dwellings. This will raise more money than the manifesto policy, helping to restore economic stability and address the £22 billion-worth of unfunded pressures, as well as supporting delivery of the Government’s first steps. Increasing the higher rates for additional dwellings will also go further to rebalance the housing market in favour of first-time buyers and those moving house.”
“The clauses we are debating increase the higher rates of stamp duty land tax on purchases of additional dwellings by individuals and of dwellings by companies from three percentage points above the main residential rates of SDLT to five percentage points. These clauses also increase the single rate of SDLT payable by companies and other non-natural persons when purchasing dwellings worth more than £500,000 from 15% to 17%. They will support home ownership by ensuring that those looking to move house or purchase their first property have a greater advantage over second home buyers, landlords and companies purchasing dwellings. These changes will raise £310 million per year by 2029-30, which will be used to support the Government’s first steps and other priorities.”
“This is a Budget to fix the foundations of the economy and deliver change by protecting working people, fixing the NHS and rebuilding Britain. The Government are achieving this by taking difficult decisions on tax, spending and welfare to repair the public finances and increase investment in public services and the economy, to rebuild Britain and unlock long-term growth. This Finance Bill delivers on a number of the Government’s priorities for tax reform, prioritising stability for businesses making investment decisions and ensuring fairness and sustainability in the long term. We will discuss the full range of manifesto commitments delivered in this Bill throughout its passage, but today, I will talk about an area in which the Government have decided to go further than our manifesto commitment.”
“Clause 50 increases the higher rates of SDLT on the purchase of additional dwellings by individuals and dwellings by companies from three percentage points above the main residential rates of SDLT to five percentage points. This applies to transactions with an effective date on or after 30 October this year and before 1 April next year.”
“Member for Hinckley and Bosworth (Dr Evans) might be pleased to know—while ensuring that no additional barriers are faced by those coming to the UK and buying their first or only home. Those buying an additional property before they can sell their main residence will be liable for the higher rates for additional dwellings. However, this will be refunded if the previous main residence is sold within three years of the purchase of a new main residence, or longer if there are exceptional circumstances, such as delays in cladding remuneration. This ensures that only those who are genuinely liable for higher rates will be required to pay them.”
“I can tell the hon. Gentleman very confidently that the thing that will help first-time buyers in this country most is building more houses. His Government absolutely failed to do that, but we will be doing it. Returning to the Bill, we estimate that approximately half of those paying the non-resident surcharge will also pay the higher rates for additional dwellings. This means that a non-resident purchasing an additional residential property worth £300,000 now pays £23,500 as a result of the change in rates, compared with £17,500 before the change, an increase of £6,000. This compares with a UK-resident purchaser buying their first home, who pays no SDLT, and a UK-resident home mover, who currently pays £2,500. This change therefore improves the comparative advantage of UK-resident home movers and first-time buyers—as the hon.”
“This is something I have seen in my own constituency, so I know what my hon. Friend is referencing. It is our intention to tackle that, but we have had to make these decisions because of our economic inheritance when we got into government, which the Conservative party obviously hid during the election. We have had to make some difficult decisions, and this is how we plan to fix the foundations of our economy.”
“Increasing the single rate keeps it aligned with the highest rate of tax paid on purchases of the most expensive residential properties, so that the tax remains effective as a deterrent to enveloping. In summary, increasing the higher rates of SDLT will ensure that those looking to move house or purchase their first property have a greater advantage over second home buyers, landlords, and companies purchasing dwellings. The measure will raise more money than the manifesto policy, and go further to rebalance the housing market. The changes will raise £310 million per year by 2029-30, which will be used to support the Government’s first steps and other priorities.”
“The clause in question ensures that buyers who have performed their transactions will not pay more tax as a result of the changes in rates brought about by clauses 50 and 51 when they complete their purchase. Clause 53 increases from 15% to 17% the single rate of SDLT payable by companies and other non-natural persons when purchasing dwellings worth more than £500,000. The single rate of SDLT was introduced alongside the annual tax on enveloped dwellings to deter the practice of buying and owning UK residential properties within a corporate wrapper by increasing the rate companies pay. The single rate applies where companies and other non-natural persons buy a dwelling for more than £500,000 that they do not intend to use for a relievable purpose such as renting the property or developing it.”
“The OBR-certified costing estimates that increasing the higher rates for additional dwellings by 2 percentage points is expected to result in 130,000 additional transactions over the next five years by first-time buyers and others buying a primary residence. I hope that addresses some of the concerns of Conservative Members. Clause 52 introduces special transitional rules to ensure no additional tax is payable for land transactions substantially performed before 1 April 2025. In most cases, SDLT is charged at the point of completion in the property-buying process. In some cases, however, such as where the buyer has performed their purchase by paying for the property or taking possession of it, the tax is chargeable at that earlier point.”