Contributions
2,217 recent contributions in Hansard
HANSARDInheritance Tax: Cohabiting SiblingsMy Lords, the Government have attempted to draw up a system that is fair but recognises the unique status of marriage and civil partnerships. As I pointed out to your Lordships’…20 Jun 2023HANSARDInheritance Tax: Cohabiting SiblingsMy Lords, I do not think that I am not addressing the issue of principle; I am just disagreeing with some noble Lords on the conclusions of that question. The Government’s view is…20 Jun 2023HANSARDInheritance Tax: Cohabiting SiblingsI have to disagree with my noble friend that the wealthiest do not pay inheritance tax. Statistics from 2019-20 show that tax paid on estates valued at £1 million or more…20 Jun 2023HANSARDInheritance Tax: Cohabiting SiblingsMy Lords, the long-standing inheritance tax assumption for wealth transfers between spouses and civil partners reflects the formal legal obligations that marriages and civil…20 Jun 2023HANSARDInheritance Tax: Cohabiting SiblingsMy Lords, it is important to set this Question in context. Each individual has a nil rate band of £325,000. Two cohabiting siblings who jointly own a house may have an inheritance…20 Jun 2023HANSARDAmendments of the Law (Resolution of Silicon Valley Bank UK Limited) (No. 2) Order 2023That the draft Regulations laid before the House on 27 April be approved. Considered in Grand Committee on 15 June .20 Jun 2023HANSARDInheritance Tax: Cohabiting SiblingsI have to disagree with the noble Lord. The feedback we have had comes not just from the medical profession but from people in many other public service jobs who benefit from…20 Jun 2023HANSARDFinancial Services and Markets BillThat the Bill do now pass.19 Jun 2023HANSARDFinancial Services and Markets BillMy Lords, this Bill helps to deliver the Government’s vision for an open, sustainable and technologically advanced financial services sector. I thank all noble Lords for their…19 Jun 2023HANSARDCo-operatives, Mutuals and Friendly Societies BillMy Lords, I add my thanks to the noble Lord, Lord Kennedy, for guiding the Bill through your Lordships’ House and for lending his wealth of knowledge and experience to our…16 Jun 2023HANSARDAmendments of the Law (Resolution of Silicon Valley Bank UK Limited) (No. 2) Order 2023To answer the noble Baroness’s question about whether SVB UK will be permitted to use unlimited amounts of retail funding from HSBC’s ring-fenced bank, the ring-fencing exemptions…15 Jun 2023HANSARDAmendments of the Law (Resolution of Silicon Valley Bank UK Limited) (No. 2) Order 2023I believe that at the Spring Budget the Chancellor said that he would report back in the autumn on the further work undertaken in that area—so quite soon, I would say. I shall…15 Jun 2023HANSARDAmendments of the Law (Resolution of Silicon Valley Bank UK Limited) (No. 2) Order 2023If I might press on, I shall address at least part of the noble Baroness’s subsequent questions. Just to correct a perception: as the governor outlined to the Economic Affairs…15 Jun 2023HANSARDAmendments of the Law (Resolution of Silicon Valley Bank UK Limited) (No. 2) Order 2023My Lords, I thank all noble Lords for their contributions. Although I think we all agree that the outcome reached with regard to Silicon Valley Bank UK was a good one, there are…15 Jun 2023HANSARDAmendments of the Law (Resolution of Silicon Valley Bank UK Limited) (No. 2) Order 2023That the Grand Committee do consider the Amendments of the Law (Resolution of Silicon Valley Bank UK Limited) (No. 2) Order 2023.15 Jun 2023HANSARDAmendments of the Law (Resolution of Silicon Valley Bank UK Limited) (No. 2) Order 2023My Lords, as the Committee will be aware, Silicon Valley Bank UK Ltd—SVB UK—was sold on Monday 13 March to HSBC. The aim of this sale was to ensure that customers of SVB UK could…15 Jun 2023HANSARDMortgage MarketMy Lords, the underlying causes of high inflation, as we all know, are driven by higher energy prices as a result of the war in Ukraine and a tight labour market. There are…14 Jun 2023HANSARDMortgage MarketMy Lords, I hope the noble Baroness will take some comfort from the fact that mortgage arrears and repossessions remain below pre-pandemic levels. I reassure her that, if a…14 Jun 2023HANSARDMortgage MarketMy Lords, interest rate decisions remain a matter for the independent Monetary Policy Committee of the Bank of England, but I say to my noble friend that high inflation is also…14 Jun 2023HANSARDMortgage MarketMy Lords, the noble Lord will know that the Government have given local authorities many more powers and more discretion in how they approach housebuilding and house supply in…14 Jun 2023