Richard Tice MP: speeches

Speeches

• 25 Nov 2025 · G20 and Ukraine · Hansard source

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  May I remind the House that last year I personally donated a five-figure sum, bought a pick-up truck, filled it with first aid supplies, drove it with friends and colleagues to Ukraine, and donated it to the brave soldiers of Ukraine. My support and Reform’s support for Ukraine has been rock-solid throughout, Prime Minister. It is important that this House is united, which it is. Last week, when the 28-point plan emerged, we rejected it immediately. Just yesterday, I was with a Ukrainian delegation, and we were talking specifically about the leverage that European nations have with regard to the frozen assets, the majority of which are here in Europe. I urge the Prime Minister, among all the noise, to utilise that leverage, because that, I think, is one of the most powerful negotiating points that the west has against the vile dictator, Putin.

• 25 Nov 2025 · Pension Investment in UK Equities · Hansard source

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  Is the Minister aware that the quantity of listings on the London stock market has collapsed by about 80% in the last decade, and that the number of companies listed on AIM—the alternative investment market, which was the original growth market 40 years ago—has fallen to a 25-year low, so something fundamental is going wrong with our listed markets?

• 25 Nov 2025 · Pension Investment in UK Equities · Hansard source

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  It is a great pleasure to serve under your chairmanship, Mr Stringer. I congratulate the right hon. Member for Salisbury (John Glen) on securing this debate. In reality, equity investment from pensions is deteriorating because UK equities are not performing relative to their global counterparts. One of the reasons for that is that we have become over-regulated and over-taxed. When the big bang was launched 40 years ago, the City of London became the most important financial centre in the whole world. In the last 10 years, that has changed. That is why, at Bloomberg a couple of weeks ago, I announced the creation of four key working groups to look at a complete reset—a sort of big bang 2. We need to look again at the whole issue of regulation, and at the status of the FCA relative to the PRA and the Bank of England—that is working group No. 1. Working group No. 2 is on pensions and savings. We also need to consider big-picture issues: why, for example, are we giving tax relief on £300 billion of cash ISAs? How does that help the UK economy? Those are the big questions that we need to look at. The third working group is on small and medium-sized enterprise growth capital. The right hon. Member for Salisbury asked why it is that on second, third and fourth-phase rounds of fundraising, companies are going elsewhere in the world. The truth is that our markets have become too difficult for raising that additional capital. The fourth working group that I have set up—and it will report in six to nine months’ time—is on taxation. We are over-taxed, and we enjoy the longest tax code in the world. At 24,000 pages, it is four times the combined works of “Harry Potter” and nothing like as much fun. We need to look again at all those issues, and then we need to look at the performance of our pension funds. If we look at the performance of one of the biggest pension funds in the world, the local government pension schemes, which I have been very focused on, we will see that they are being overcharged substantially, by a factor of about five of what they should be paying, and they are underperforming. In the year to March ’25, the LGPS produced a great performance—not—of 3.3%, yet paid out over £2 billion in fees. Frankly, if the active funds cannot match the tracker, why not use a tracker? That is the challenge for the active industry. One of the reasons that the LGPS is underperforming is because too much of them are invested in unlisted funds, and now invested in what I would call quite woke funds, but that is a whole different issue. People cannot get out of those unlisted funds, which are at 20% to 40%, and those funds cannot be properly valued. The fees are much higher and they are not performing as well. Those are the key reasons why the performance is deteriorating. The 10, 20 and 30-year track records of the local government pension schemes are all at over 7% in the long term, but in the short term, they are rapidly deteriorating because of wrong investment decisions and overpaying fees, and because we have a market in the UK that is over-regulated and over-taxed. All of those things reduce the incentive to invest. For many people, it is complicated, but fundamentally, if the active fund managers overcharge and underperform, we should not be surprised if investors end up going elsewhere, and that might mean overseas. We need to change the way we look at things, deregulate sensibly and reduce unnecessary taxation in order to improve the quantity of pensions invested in UK-listed equities.

• 18 Nov 2025 · ExxonMobil: Mossmorran · Hansard source

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  Another week, hundreds more jobs slaughtered on the altar of net stupid zero. It is leading to high energy costs, high policy costs and high taxes, and making this business—along with so many others—completely unviable. How many hundreds of thousands of other industrial workers are terrified that they are next? Can the Minister confirm to this House whether any discussions have been had with ExxonMobil, or whether any indications or concerns have raised by that company, about any other plants, businesses or refineries in the United Kingdom?

• 18 Nov 2025 · ExxonMobil: Mossmorran · Hansard source

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  Are you sure?

• 18 Nov 2025 · Northern Ireland Troubles Bill · Hansard source

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  Will the hon. Gentleman give way?

• 18 Nov 2025 · China Espionage: Government Security Response · Hansard source

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  It is not a coincidence that, just a few weeks after the collapse of the China spy case, MI5 is issuing this major espionage alert. China smells weakness. With regard to the embassy, while the Minister says it is a decision for another Minister, the reality is that it is a strategically important decision by this Government on behalf of the British people. Does he understand that the British people will be shocked if planning consent is granted, and China will again smell weakness?

• 17 Nov 2025 · Budget: Press Briefings · Hansard source

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  Given the chaos around the Budget, none of us would be at all surprised if the date itself changed. Nevertheless, is the Treasury aware how incompetent it looks in the eyes of the markets, which are utterly aghast, and in the eyes of businesses, which have stopped investing and stopped hiring?

• 5 Nov 2025 · Points of Order · Hansard source

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  On a point of order, Madam Deputy Speaker. After I spoke in the British Steel debate when the House was recalled on a Saturday back in April, three newspapers from the Mirror Group published false, inaccurate and, frankly, libellous statements about me that weekend, which were retweeted by a number of Labour MPs. I am pleased to report that the Independent Press Standards Organisation, the press regulator, has found in my favour against the Mirror Group, forcing it to apologise and to permanently delete those articles and all the social media posts. I am most grateful to those Labour MPs who deleted their posts when they were so informed.

• 3 Nov 2025 · “Soldier F” Trial Verdict · Hansard source

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  Does the Secretary of State not understand that, given the judge’s comments that the evidence fell well short of the standard required, veterans do consider that that was a vexatious prosecution? They do consider that the prosecution of Soldier B is a vexatious prosecution, and they do feel utterly betrayed by this Government’s repeal of the legacy Act.

• 30 Oct 2025 · Business of the House · Hansard source

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  How many does Reform get?

• 30 Oct 2025 · Business of the House · Hansard source

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  How long?

• 30 Oct 2025 · Business of the House · Hansard source

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  Given the Government’s difficulties and delays in establishing a public inquiry into the grooming gangs scandal, will the Leader of the House and the Government consider establishing a Joint Committee of both Houses to look into it, with parliamentary powers to summon people and papers, to arrive at answers and the truth faster and more effectively?

• 29 Oct 2025 · Gaza and Hamas · Hansard source

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  Yesterday it emerged that Hamas do know where the bodies of the remaining hostages are, as video evidence emerged of them playing games with one body, removing it from a building, burying it, then bringing along the International Red Cross and pretending that they had found it and dug it up. Do the Minister and the Government condemn that, and what more can they do with our international allies and the Gulf nations to put pressure and leverage on Hamas to return all the remaining bodies immediately?

• 28 Oct 2025 · Topical Questions · Hansard source

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  T6. As we speak, the Chagossians are in the High Court to try to stop the terrible Chagos surrender deal. Given this Government’s passion for international human rights, and that we all agree how badly the Chagossians have been treated, will the Government finally agree to grant them a referendum on this dreadful deal?

• 27 Oct 2025 · North Sea Oil and Gas Industry · Hansard source

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  Thousands more jobs are at risk, alongside the thousands of families and jobs at risk at the Lindsey oil refinery in Lincolnshire, all because of this Government’s policies on net stupid zero, yet the Minister talks warmly about the growth prospects for Petrofac. To grow, we need an industry; to have an industry, we need more oil and gas licences. Will the Minister change course and allow exploration and more licences to produce oil and gas in the North sea?

• 23 Oct 2025 · Building Safety Regulator · Hansard source

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  In due time.

• 23 Oct 2025 · Building Safety Regulator · Hansard source

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  I will do my very best, Sir Desmond, and it is a pleasure to serve under your chairmanship. I congratulate the hon. Members for Milton Keynes North (Chris Curtis) and for Northampton South (Mike Reader) on securing this important debate. The Building Safety Regulator has the potential to hinder dramatically the Government’s laudable regime of building more homes and more affordable homes. We all remember the horror of Grenfell, and having this entity is probably the right way forward, but there are certain key lessons that are rapidly being learned. Hon. Members have spoken about some of the specific details, but I fear that the consequences of this issue are even greater than we may imagine. I have been listening to businesses from the property industry, which is my core industry—I started digging trenches in 1983, so I have been in the industry a long time. House builders and investors are now telling me that they are done. They are just not going to bother. We have heard experiences of people allocating a year from completion to occupation. Investors are saying, “We’re not going to bother. We’re going elsewhere.” We have to act faster on this. There are a couple of key things that we need to consider, including the application of a strange thing called common sense, which, too often among regulators, is sadly not very common. When we have traditional building materials that have stood the test of time for hundreds of years, be it brick or concrete, we could apply common sense to say, “Well, if using those materials, there should be a fast fast-track process.” I question also whether the whole concept of gateway 1 is necessary at all. If a project gets to gateway 2, that covers gateway 1. A developer is not going to spend hundreds of thousands or several millions on a planning application and get on site if they know they are not going to pass gateway 2, so why bother with gateway 1 at all? Numerous other examples have been talked about. Although there have been changes, we need to monitor those changes very quickly. It may well be that what we need is either an outsourcing or—dare I mention the word—competition. A competitive process or regulator could operate alongside the existing process, so that it does not act as too great a block. If it does, we will suffer the worst of all worlds, one in which those who most need new homes in our cities, particularly affordable homes, suffer the most. As a consequence of well-intentioned—but badly implemented and organised—caution and prevention, they will miss out. The numbers are as bad or worse than people fear, particularly in city centres. The issue also means that people are just not bothering to develop on brownfield sites—I have a number of them in my constituency—because the costs are too great, and because of the fear of the Building Safety Regulator and of ever-more regulation that may make the situation even worse. There is an enthusiastic pressure on the Minister and the Department to listen to these concerns and respond to them with constructive answers and keep everybody updated. As other hon. Members have said, the Minister should communicate that rapidly to industry participants. She needs to give the industry confidence that it is worth bothering to seek planning and start on site on important new housing projects here in the United Kingdom and help us all to create growth, wealth and more homes.

• 21 Oct 2025 · Sentencing Bill · Hansard source

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  Does the hon. Lady accept that, in a democracy, it is important to be able to hold everybody to account, including judges? Does she accept that we need to be able to check that they are making good decisions on behalf of everybody?

• 20 Oct 2025 · Diego Garcia Military Base and British Indian Ocean Territory Bill · Hansard source

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  Will the Minister give way?

• 20 Oct 2025 · Asylum Seekers: Support and Accommodation · Hansard source

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  The hon. Member speaks passionately about all of us being keen to close down the hotels, including those in my constituency of Boston and Skegness. He talks about being for things, so is he for moving asylum seekers who are here illegally into houses in multiple occupation, or is he for moving them into processing centres in remote locations, as Reform suggests?

• 20 Oct 2025 · Asylum Seekers: Support and Accommodation · Hansard source

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  The hon. Member speaks passionately about the great town of Hartlepool, which I know well. He made a key point: our nation has always been very compassionate towards genuine asylum seekers. Under the previous Labour Government, some 20 years ago, the average number of asylum seekers was in the order of 20,000 to 30,000 a year, and they came legally. That is the crux of it: they came under legal and safe routes, and the country could absorb them. The hon. Member made a point about fairness; the current system is unfair, and too many of those now coming illegally are actually economic migrants as opposed to genuine asylum seekers.

• 20 Oct 2025 · Alleged Spying Case: Home Office Involvement · Hansard source

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  Last Thursday, the Minister at the Dispatch Box agreed with me that China is indeed a national security threat, and the Government have consistently said that they are “disappointed”. As the Minister knows, I like to be helpful and constructive at all times, so I asked a KC to advise as to whether a private criminal prosecution could be brought under the Official Secrets Act. The advice I have is that the answer is yes, as long as it has the consent of the Attorney General, and as long as the Government are helpful and constructive by providing evidence and witness statements. Will the Minister confirm whether the Attorney General will give such consent and provide appropriate evidence?

• 16 Oct 2025 · Official Secrets Act Case: Witness Statements · Hansard source

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  Among all the noise of this China spy scandal, my constituents in Boston and Skegness—and the whole British people—want some clarity from the Government. Do they view China as a national security threat—yes or no?

• 16 Oct 2025 · Business of the House · Hansard source

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  Three weeks ago today, I met the Governor of the Bank of England to discuss the important decisions around quantitative easing and quantitative tightening, and the Governor agreed with me that this is actually a fiscal matter. It is triggering losses of tens of billions of pounds for the taxpayer every year, and therefore the Governor would welcome more input from the Houses of Parliament on this important matter. I wrote to the Chancellor—copying in the Leader of the House—to request a debate before the Budget, because if this House had a debate and voted on a different decision to guide the Governor and the Monetary Policy Committee, it would actually help the Chancellor in her difficult decisions around the Budget.