Contributions
2,217 recent contributions in Hansard
HANSARDInheritance TaxI pay tribute to the noble Baroness for her campaigning in this area. I reassure her that the Government have recently implemented an online service for inheritance tax where…20 May 2020HANSARDInheritance TaxMy Lords, I point out that in 2018-19, inheritance tax receipts were at a record high, and 70% of inheritance tax comes from estates valued at £1 million or more. I believe that…20 May 2020HANSARDInheritance TaxMy Lords, as I have said, we will look at the public finances and how we can put them on to a sustainable footing after this crisis, but during this crisis our focus is on getting…20 May 2020HANSARDInheritance TaxThe Government often look at systems in other countries to see what can be learned from them. In the UK, the Government think that inheritance tax makes an important contribution…20 May 2020HANSARDInheritance TaxMy Lords, the Government keep the tax system under review and any changes made are taken in consideration of economic competitiveness, levelling up growth across the UK and their…20 May 2020HANSARDEconomy: Bank of England ForecastsWe are keen that all planning decisions are made in a timely way. Construction is one of the sectors where we have provided Covid-secure guidance to allow people to get back to…13 May 2020HANSARDEconomy: Bank of England ForecastsI believe that the Bank’s scenario took into account the gradual unwinding of the lockdown and of the support schemes matched to it, completed by the end of quarter 3. However,…13 May 2020HANSARDEconomy: Bank of England ForecastsI will attempt to do so. In terms of optimism, or otherwise, about the speed of the recovery, the OBR’s and Bank of England’s scenarios are not those of the Government. We do not…13 May 2020HANSARDEconomy: Bank of England ForecastsWe are very keen to have a green recovery which uses the Government’s policies in working towards economic growth but which also supports our commitment to net zero by 2050.13 May 2020HANSARDEconomy: Bank of England ForecastsThe Government have already improved the generosity of universal credit by £20 a week and raised the value of the local housing allowance. The best thing that we can do in getting…13 May 2020HANSARDEconomy: Bank of England ForecastsThe Government are clear that “test, track, trace, isolate” will be a core part of the next phase of our response. We will seek to do this in different ways, and to learn lessons…13 May 2020HANSARDEconomy: Bank of England ForecastsThe Bank of England and the OBR have made it clear that what they have produced are scenarios rather than forecasts. The Bank of England’s scenario certainly took into account the…13 May 2020HANSARDEconomy: Bank of England ForecastsThe Government have set out their fiscal rules and continue to abide by them. With this pandemic, we face unprecedented economic circumstances. Our focus at the moment is on…13 May 2020HANSARDEconomy: Bank of England ForecastsIn setting out this week their road map for the easing of the lockdown, the Government have stated that step 3 would not take place any earlier than 4 July. We will seek to reopen…13 May 2020HANSARDEconomy: Bank of England ForecastsMy Lords, the Bank of England has specific statutory responsibilities for monetary policy and financial stability, as well as operational independence from the Government to carry…13 May 2020HANSARDIncome Equality and SustainabilityMy Lords, I remind your Lordships that this is a time-limited debate. This means that contributions are limited to two minutes, to enable all speakers to contribute and the…06 May 2020HANSARDEmployment Allowance (Increase of Maximum Amount) Regulations 2020My Lords, I am very grateful for the consideration of these regulations and for the points noble Lords have raised. The noble Lord, Lord German, and my noble friend Lord Wei asked…05 May 2020HANSARDEmployment Allowance (Increase of Maximum Amount) Regulations 2020My Lords, this legislation allows the Government to increase the employment allowance by one-third, giving over 1 million small and medium-sized businesses up to £4,000 off their…05 May 2020HANSARDEmployment Allowance (Increase of Maximum Amount) Regulations 2020That the Virtual Proceedings do consider the Employment Allowance (Increase of Maximum Amount) Regulations 2020.05 May 2020HANSARDCovid-19: EconomyMy Lords, the Covid-19 pandemic is the biggest threat this country has faced in decades and we know that people are worrying about their livelihoods, as well as their health. That…30 Apr 2020