Contributions
1,586 recent contributions in Hansard
HANSARDFinancial Services Bill (Second sitting)Q Thank you. That is useful. Is there anything else that you expected to see in the Bill or that you would like to see in the Bill? Chris Cummings: Actually, I think the Bill is a…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q Thank you. You talked about the costs of litigation and the impact that that would have. What is the extent of these legacy LIBOR contracts—their value, their number and the…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q Okay, that is useful. I have been looking through some of the lawyers’ statements and I would be grateful if you could clarify something for me, as this is not an area of…17 Nov 2020HANSARDFinancial Services Bill (First sitting)You mentioned the uncertainty of how the FCA makes decisions around LIBOR contracts and benchmarking. Do you feel that needs to be set out more explicitly in the Bill so that you…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q Okay, thank you. Let me move on to other issues, about capacity. It is a huge amount of regulation coming back to the UK. Do you feel at the moment that you have sufficient…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q On the risk of a cliff edge, Nausicaa Delfas of the FCA said that financial services face a cliff-edge situation in January. She raised particular issues with derivatives…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q I think that you referred to 60,000 firms. What proportion of that 60,000 would you expect to remove from the register by using this process? Sheldon Mills: I will need to come…17 Nov 2020HANSARDFinancial Services Bill (Second sitting)Q That is useful. A lot has been reported about the impact on venture capital of the uncertainty around Brexit, with money going elsewhere and all the rest of it. Do you feel that…17 Nov 2020HANSARDFinancial Services Bill (First sitting)Q Thank you. Is there a reason why you cannot just remove them now? Is that more a resourcing issue than a legality issue? Sheldon Mills: It is not a resourcing issue as such. The…17 Nov 2020HANSARDTopical QuestionsWe do not have the leasehold system in Scotland, yet as a result of rules drawn up with the English leasehold system in mind, each individual owner must get their own EWS1…16 Nov 2020HANSARDTopical QuestionsIf he will make a statement on his departmental responsibilities.16 Nov 2020HANSARDCoronavirus Job Retention SchemeA business operator in my constituency contacted me four days before furlough was supposed to end. He operates two bars in my constituency. As a responsible employer, he had kept…11 Nov 2020HANSARD Covid-19 UpdateThere was nothing in the Secretary of State’s statement about VAT on personal protective equipment, so will he update the House on what discussions he has had with the Treasury…10 Nov 2020HANSARD Financial Services BillWill the Minister give way?09 Nov 2020HANSARD Financial Services BillI thank the Minister for making that point, because I was not going to make a great deal of it in my remarks. Does he appreciate the fears on the SNP Benches that by the time the…09 Nov 2020HANSARD Small Breweries ReliefBefore the right hon. Lady moves on, I wanted to mention Niall Kennedy of the excellent Wee Beer Shop in Pollokshaws Road in my constituency. As a small independent business, it…09 Nov 2020HANSARDFuture of Financial ServicesThank you, Mr Speaker. The Chancellor said in response to the shadow Chancellor that he was expecting a technical discussion. Well, technical discussion might have been possible…09 Nov 2020HANSARD Financial Services BillWe both know that the Registration of Overseas Entities Bill was a Department for Business, Energy and Industrial Strategy Bill. Does the Minister have any further gen on what…09 Nov 2020HANSARD Financial Services BillThe Minister says that is harsh, but he said himself that there are things here that he has wanted to do for quite a wee while and has not found the mechanism to do. It is a…09 Nov 2020HANSARD Financial Services BillMy colleague from the Treasury Committee, the hon. Member for West Worcestershire (Harriett Baldwin), mentioned earlier that some of the Benches in this place are a little empty…09 Nov 2020