Contributions
472 recent contributions in Hansard
HANSARDFinancial Services: UK EconomyThis has been a well-informed, thoughtful and good-natured debate, and it was great to hear the hon. Member for Gordon (Richard Thomson) talk about the importance of financial…09 Dec 2021HANSARDFinancial Services: UK EconomyMy hon. Friend makes an incredibly valid point. I know that the UK Treasury has spent a lot of time wrestling with the relationships with the United States, which is in many ways…09 Dec 2021HANSARDFinancial Services: UK EconomyI fully agree with my hon. Friend. I have been focusing obviously on financial services, but there is the wider concept of financial and related professional services, including…09 Dec 2021HANSARDFinancial Services: UK EconomyI very much agree. I was coming to this point. If we can get those elements into trade agreements, we should aspire to do that. However, often, regulatory agreements between…09 Dec 2021HANSARDFinancial Services: UK EconomyI am happy to give way to my hon. Friend and current member of the Treasury Committee.09 Dec 2021HANSARDFinancial Services: UK EconomyI agree. I support having a secondary objective of international competitiveness and growth. A regulator could decide on policy A or policy B and, from a UK perspective, it could…09 Dec 2021HANSARDFinancial Services: UK EconomyI thank my hon. Friend. That is exactly the point I was about to come to. This will give the regulators more power, as my hon. Friend said, over issues that will directly affect…09 Dec 2021HANSARDFinancial Services: UK EconomyI basically agree with the hon. Member, a fellow member of the Treasury Committee.09 Dec 2021HANSARDFinancial Services: UK EconomyI beg to move, That this House recognises the importance of financial services to the UK economy; and calls on the Government to provide adequate support to help create the right…09 Dec 2021HANSARDFinancial Services: UK EconomyMadam Deputy Speaker, you were in the Chair on Monday night when we had a rather fractious debate on a different subject, and I think we all agree it is a nice contrast to have a…09 Dec 2021HANSARDStrengthening Standards in Public LifeI am speaking today not because I take any pleasure in taking part in this debate, but because I truly believe that strengthening standards in public life is one of the most…17 Nov 2021HANSARDStrengthening Standards in Public LifeIf a Labour Government would be so keen on reforming the system, why did the last Labour Government do nothing to reform lobbying during their 13 years in power, and why did…17 Nov 2021HANSARDNuclear Energy (Financing) Bill (Second sitting)Q If we are in an existential crisis of climate change—if it is the biggest threat that we face as a species—should we not use every tool in the toolbox to combat it? Why would…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q I am interested in the allocation of risk between companies and consumers. Obviously, one of the problems with the contracts for difference model is that you bear the…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q To press home that point, how do you make sure that the right incentive for the companies for Sizewell C also ensures the costs remain under control, rather than simply being…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q David, do you think the balance is right, in terms of shared risks between consumers and the companies? David Powell: Yes. I think it needs to be fair. Clearly, what we are…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q Obviously you want to manage the projects well and guard your reputation, but big infrastructure projects such as nuclear power stations have in the past been subject to cost…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q You will be applying for a licence to have the RAB model, and I am interested in your thoughts on the designation regime and whether the Secretary of State should have the…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q On the question about who should do the designation, Julia made the point earlier that—16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Sorry. I am also interested in the point about who should actually do the designation. Julia, you made the point earlier that you would have a system that responds to need, as it…16 Nov 2021