Contributions
2,217 recent contributions in Hansard
HANSARDEnergy Profits LevyOn the noble Lord’s first point, he is right that the energy profits levy is applied to profits made in the UK or on the UK continental shelf. That is in line with other…09 May 2023HANSARDEnergy Profits LevyMy Lords, a number of factors affect predicted revenues from the EPL, not least the high degree of volatility that we have seen in commodity prices. I say to the noble Lord that,…09 May 2023HANSARDEnergy Profits LevyThe energy profits levy was introduced to respond to extraordinary profits in the oil and gas sector and includes an investment allowance to encourage companies to reinvest their…09 May 2023HANSARDFinancial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) Order 2023That the Grand Committee do consider the Financial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) Order 2023. Relevant document: 36th Report from…02 May 2023HANSARDFinancial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023My Lords, this Government have a clear vision for financial services—that is, for an open, sustainable and technologically advanced financial services sector that is globally…02 May 2023HANSARDFinancial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023My Lords, I thank noble Lords for participating in today’s debate. I turn first to the changes to the financial promotions regime in respect of crypto assets. Several noble Lords…02 May 2023HANSARDFinancial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023That the Grand Committee do consider the Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023. Relevant document: 36th Report from the Secondary…02 May 2023HANSARDBanks: Closures and Shared Banking HubsMy Lords, a process has been put in place to allow communities to make the case through LINK for where they need access to further services, and there is a commitment that if…27 Apr 2023HANSARDBanks: Closures and Shared Banking HubsMy Lords, as my noble friend will know, in the Financial Services and Markets Bill, we are legislating to protect access to cash. That covers withdrawal as well as deposit…27 Apr 2023HANSARDBanks: Closures and Shared Banking HubsI absolutely commend building societies and all businesses that have a commitment to local communities and are thinking about how they can make their services as accessible as…27 Apr 2023HANSARDBanks: Closures and Shared Banking HubsMy Lords, the Government are not considering changing the framework. As I said in response to the Question, we expect the pace of delivery to pick up. Shared banking hubs are one…27 Apr 2023HANSARDBanks: Closures and Shared Banking HubsMy Lords, the Government do not make assessments of bank branch networks or intervene in commercial decisions to close branches. Banks should follow FCA guidance, including…27 Apr 2023HANSARDBanks: Closures and Shared Banking HubsMy Lords, in taking forward this work, I am sure that that is a consideration the banks have in mind. The banking hubs came out of a pilot programme that allowed banks to test out…27 Apr 2023HANSARDBanks: Closures and Shared Banking HubsMy Lords, the Government acknowledge the important role that cash still plays in many of our lives, which is why we are taking unprecedented action on protecting access to cash.…27 Apr 2023HANSARDBanks: Closures and Shared Banking HubsI agree with the noble Baroness that the Post Office can play a really important role in ensuring ongoing provision, but it should not be the only provider of services. There are…27 Apr 2023HANSARDBanks: Closures and Shared Banking HubsMy noble friend is right about the breadth of the Post Office network, and I have talked about the high percentages of people who can access their everyday banking services…27 Apr 2023HANSARDAmendments of the Law (Resolution of Silicon Valley Bank UK Limited) Order 2023That the Order laid before the House on 13 March be approved. Relevant document: 35th Report from the Secondary Legislation Scrutiny Committee. Considered in Grand Committee on 19…24 Apr 2023HANSARDAmendments of the Law (Resolution of Silicon Valley Bank UK Limited) Order 2023That the Grand Committee do consider the Amendments of the Law (Resolution of Silicon Valley Bank UK Limited) Order 2023. Relevant document: 35th Report from the Secondary…19 Apr 2023HANSARDVAT: Building Repairs and MaintenanceOn the noble Baroness’s specific point, if I may I will write to her with the details because I do not have them to hand at the moment.19 Apr 2023HANSARDAmendments of the Law (Resolution of Silicon Valley Bank UK Limited) Order 2023That point was also raised by my noble friend, and I was hoping to come to it. Whether my answers mean that we will not have a further discussion on it either on the Bill or when…19 Apr 2023