economy – Page 2 – The Church of England in Parliament

Bishop of Bristol speaks in debate on workers and employment

The Bishop of Bristol spoke in a debate on a report from the Economic Affairs Committee on workers on 8th February 2024, emphasising the value of meaningful work and drawing attention to the findings of the Archbishops Commission on Families & Households:

The Lord Bishop of Bristol: My Lords, it is a pleasure to speak in this important debate about the nature of the UK workforce in a challenging economic climate. I pay tribute to the noble Lord, Lord Bridges, as have others, and all the members of the Economic Affairs Committee who worked to produce this report and have stimulated our thinking today.

On a personal note, having recently found it hard to recruit lay staff to my office in Bristol, I am very grateful for being informed by the report we are debating today. At the heart of my diocese, you can find the New Room, the chapel where John Wesley led the first Methodist congregation from 1739. As part of his pioneering ministry, he offered “Rules of a Helper” to ordained Ministers, the first of which is:

“Never be unemployed a moment, never be triflingly employed, never while away time”.

While the word “unemployed” might have pricked the ears of your Lordships in the context of this debate, the final clause may be the significant one here. In effect, we are reminded about the importance of using our time on earth well. There is work to be done, good news to share and disciples to be made. Wesley was on to something. There is great purpose and fulfilment to be found in using our time well, maximising our skills and ensuring we fulfil our potential. It enriches our lives and the lives of our community, and that is central to my remarks today.

Bishop of St Albans asks about plans to manage grocery inflation levels

The Bishop of St Albans received the following written answer on 23rd January 2024:

The Lord Bishop of St Albans asked His Majesty’s Government what plans they have to manage grocery inflation in light of disruption to the Red Sea and the potential delay in shipping times.

Lord Douglas-Miller (Con): The UK has a highly resilient food supply chain, which is well equipped to deal with situations with the potential to cause disruption.

Bishop of Manchester responds to Chancellor’s Autumn Statement, raising issues in mental healthcare funding and the ongoing cost of living crisis

The Bishop of Manchester spoke in a debate on the Chancellor’s Autumn Statement on 29th November 2023, welcoming the uprating of benefits and rise in the national living wage and calling for further commitment to funding for mental healthcare, and for an independent body to set the rate of benefits to ensure the cost of living are met:

The Lord Bishop of Manchester: My Lords, that felt more like a speech about a future Autumn Statement from a Labour Government than about the current one before us.

I too welcome the Minister to her new role and look forward to hearing from her often in this House. However, I suspect that, even if you are a Treasury Minister, every Autumn Statement feels like a missed opportunity. There are always things that each one of us would have liked to have seen given a higher priority and areas of spend to which we would have wanted greater resources allocated. There may also be things on which we think too much money is being spent, although they may be a little less common.

I begin by being grateful for a number of items announced this time. I am not sure that I can sustain that congratulatory perspective all the way through my remarks—your Lordships know me too well to expect that—but I will at least start in a positive direction. The uprating of working-age benefits by 6.7% and the 9.8% increase in the national living wage will go some way to stemming or slowing the growth and deepening of poverty among households who are striving and struggling with low-paid and insecure employment. My belief is that the money made available to our lowest-income households should not, however, be subject to annual political whim. More than a triple lock for pensions, we need an independent mechanism to ensure that benefits always cover the basic essentials of living.

King’s Speech Debate: Bishop of Durham speaks on poverty and the economy

On 13th November 2023, the Bishop of Durham spoke in the King’s Speech debate on the issue of poverty and the UK economy:

The Lord Bishop of Durham: I look forward to the maiden speeches of the noble Lord, Lord Gascoigne, and my right reverend friend the Bishop of Norwich. The gracious Speech expressed the Government’s intention to make difficult long-term decisions to build a better future for the country. I confess that I am struggling to see much evidence of that plan. To think truly long-term about our country’s future, it is vital that children and families and the environment are at the heart of every policy, particularly from the Treasury. Without prioritising investing in children, what hope is there of moulding citizens who contribute positively to society and the economic growth that this Government desire? So I welcome the Government’s plan to increase the number of those taking high-quality apprenticeships, allowing young people to pursue their varied skills, but to ensure the educational success of all children we need to prioritise their well-being inside and outside the school gates. Without this support, how can we expect them to thrive?

The Joseph Rowntree Foundation’s recent report Destitution in the UK 2023 revealed that around 1 million children have experienced destitution in the past year—I repeat: 1 million children have experienced not simply poverty, but destitution. This number is not inevitable. It is preventable.

Bishop of Sheffield asks about national income rates

The Bishop of Sheffield received the following written answer on 18th September 2023:

The Lord Bishop of Sheffield asked His Majesty’s Government, further to the answer by Baroness Penn on 6 July (HL Deb col 1304) giving the relative gross domestic product (GDP) per head for Wales and the UK, what is the relative GDP per head for each region of England.

Financial Services and Markets Bill: Bishop of St Albans speaks on cryptocurrency, access to cash, credit unions, and net zero

The House of Lords debated the Financial Services and Markets Bill in its second reading on 10th January 2022. The Bishop of St Albans spoke in the debate concerning issues of access and regulation:

The Lord Bishop of St Albans: My Lords, theologians sometimes discuss the personal and social ethics in the teaching of Christ under the three headings of money, sex and power, those three areas which can be the most extraordinary gift and blessing when used rightly and for the common good but which, when they are an end in themselves, can become extraordinarily disruptive. Of these three areas, Christ had most to say about money, as its use reveals our values as individuals and as a society, often in a very stark way. A close reading of this Bill reveals a set of cultural assumptions and values about what is considered important and valuable. There are four areas that I want to highlight and which we need to consider if a growing and vibrant financial sector will work for the common good.

First, on crypto asset regulation, as others have said, we need to act fast both to protect our citizens and so that we do not fall behind the rest of the world. The problem at the moment is that the almost complete lack of regulation means that, for many people, crypto- currencies are just another form of gambling. The recent collapse of FTX has demonstrated the volatility of this market and its vulnerability to fraud. Some have made a fortune, while others have lost their life savings and will now be looking to the state to provide for them. Just as we need a sensible and balanced approach to the regulation of online gambling, so we need sensible, balanced regulation of crypto- currencies. The provision in this Bill to ensure that crypto is treated as a regulated activity and giving the FCA and the PSR the power and, as others have noted, the resources to do their work and to protect customers, is welcome.

Bishop of Gloucester responds to Chancellor’s Autumn Statement

The House of Lords debated the Chancellor’s Autumn Statement on 29th November 2022

The Lord Bishop of Gloucester: My Lords, growth is good and necessary, and it is clear that money does not grow on those proverbial trees. We find ourselves in extremely challenging times, and it seems to me that some of the measures that are set out in the Autumn Statement are prudent and necessary to rebalance the budget. I thank the Government for their desire to focus on supporting the poorest households, which is right and just, including their decision to increase benefits in line with inflation. Yet I have a number of concerns. I want to use my time to focus on just two key issues: first, food and feeding people, and, secondly, the criminal justice system. I declare an interest both as a trustee of Feeding Britain and as Anglican Bishop for prisons in England and Wales.

Bishop of Southwark asks about reductions in manufacturing output in the UK

The Bishop of Southwark received the following written answer on 29th November 2022:

The Lord Bishop of Southwark asked His Majesty’s Government what assessment they have made of the reduction of 2.3 per cent in manufacturing output for the three months to September 2022 compared to the previous three months; and the impact of this reduction on economic activity.

Lord Callanan (Con): Russia’s invasion of Ukraine, the rise in global energy prices and supply chain issues have strained all corners of the UK economy including manufacturing.

Bishop of St Albans speaks about the challenges facing pensioners and low-income workers

The Bishop of St Albans spoke in a debate on financial stability on 3rd November 2022, focusing on the effects of the current financial situation and cost of living crisis on low-income workers and on pensioners:

The Lord Bishop of St Albans: My Lords, we are living in challenging times, with inflation rates at a 40-year high. Turbulence in the financial markets, with higher interest rates and larger mortgage payments, is adversely affecting people in all walks of society. With the wholesale price of energy and gas increasing due to Putin’s appalling and illegal invasion of Ukraine, it is vital that His Majesty’s Government do all they can to protect renters, those with mortgages and, of course, pensioners.

To put a human face to this debate, I thought it might be worth while just quoting one of a number of emails I have received from communities in my diocese this very week. One person emailed me on Friday: “In my role as chair of a food bank, we are having to make decisions around both frightening increases in demand and a growing decline in donations. This summer, we increased our warehouse capacity to handle food for somewhere around 500 food parcels a day. The problem is in-work poverty which is growing substantially. In the past few weeks, we have been approached by a hospital, a large business, schools and a local council about whether they can refer low-paid staff to us.” He went on: “Apparently, employers are not prepared to talk about the problem of in-work poverty, feeling ashamed. They would like to raise wages and want the best staff welfare but can’t because that would move them into a deficit budget.” The human reality of what we are facing is stark. Unfortunately, the mini-Budget of 23 September made a challenging financial climate much worse.

Archbishop of York asks whether benefits will rise with inflation

The Archbishop of York asked a question about benefits rising with inflation on 19th October 2022, during a debate following a statement on the economy:

The Lord Archbishop of York: My Lords, I do not pretend to know the ins and outs of exactly where we find ourselves but I serve communities in the north. I think particularly of people I have met recently in Middlesbrough and Hull, where there were great hopes for levelling up. It now seems a distant dream. I recently visited a school where children go in the morning with an empty lunch box for them to fill up with food from the food bank in the playground at the end of the day. The budget for school meals has gone up by 2% yet food inflation has gone up by more than 10%. We need to make tough decisions—I am glad to hear that the triple lock will remain in place—but, on behalf of the communities where I serve, I must ask this: will benefits rise in line with inflation? If not, millions of people will be moved into poverty. Those who recently donated to food banks are now visiting them themselves.

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