Contributions
2,217 recent contributions in Hansard
HANSARDBritish Banking SectorMy Lords, as with any major event, the Treasury will reflect on the lessons to be learned and how improvements can be made. I assure noble Lords that, each year, the Bank of…21 Mar 2023HANSARDFinancial Services and Markets BillThese are some of the questions that we want to consider through the consultation that is currently open and any further work. That consultation recognises the financial stability…21 Mar 2023HANSARDFinancial Services and Markets BillMy Lords, the Government have been transparent about their plans to enable the use of digital identities in the private sector, including in financial services, and we are…21 Mar 2023HANSARDFinancial Services and Markets BillAs I said, the approach we take will be determined alongside the consideration of any design of a central bank digital currency. The decision to move ahead with a CBDC has not yet…21 Mar 2023HANSARDEuropean Structural and Investment Funds and the European Agricultural Guarantee FundMy noble friend is right that one of the opportunities that we have, having left the EU, is to look at programmes and make sure that they deliver against our policy priorities in…21 Mar 2023HANSARDEuropean Structural and Investment Funds and the European Agricultural Guarantee FundMy Lords, we had a discussion last week about the needs of Wales when it came to government funding. I told noble Lords then that we took into account the greater needs of Wales…21 Mar 2023HANSARDFinancial Services and Markets BillMy Lords, I was making the point that there is a wider context here that there should be no barrier to the financing of legitimate export activity. Turning to the point made by my…21 Mar 2023HANSARDBritish Banking SectorThe UK Government welcome the steps taken to support financial stability on Sunday by the Swiss authorities relating to Credit Suisse. This follows the sale on 13 March of Silicon…21 Mar 2023HANSARDDefence SpendingMy Lords, I agree with the noble Lord about the need to increase our spending on defence and start that now. That is why defence received its settlement a year earlier than other…16 Mar 2023HANSARDDefence SpendingAs the Prime Minister said on Monday, we will move away from our baseline commitment of spending at least 2% of GDP on defence to a new aspiration of 2.5% when the fiscal…16 Mar 2023HANSARDDefence SpendingI would like to reassure noble Lords that there is more money now going into defence. It is the largest sustained increase in defence spending since the end of the Cold War and,…16 Mar 2023HANSARDBudget StatementTo move that this House takes note of the Chancellor of the Exchequer’s Spring Budget 2023.16 Mar 2023HANSARDDefence SpendingI will let the other parties speak for themselves, but this is a long-term commitment to investment in our own security. The money we are investing in the defence nuclear…16 Mar 2023HANSARDBudget StatementMy Lords, it is a privilege to open this debate on behalf of the Government and set out how we will move our economy on to a path of long-term sustainable growth. I start by…16 Mar 2023HANSARDDefence SpendingI think the Secretary of State for Defence has been very positive about the money announced at the Budget and previously, and this Government have overseen the largest investment…16 Mar 2023HANSARDBudget StatementMy Lords, I thank all noble Lords for their contributions to this debate. Given the range of expertise that has been contributed today and the range of topics we have covered, I…16 Mar 2023HANSARDDefence SpendingI believe I said earlier that one of the things we will be able to do with our funding is bolster our conventional stockpiles. But I want to be clear with noble Lords that the…16 Mar 2023HANSARDDefence SpendingWe welcome the contribution from all our allies and partners. I think I have been clear that nearly £5 billion of the £11 billion of additional funding is over the next two years.…16 Mar 2023HANSARDDefence SpendingI am afraid that I will have to write to the noble Lord on those two specific questions, but I should make a very important clarification of the additional funding going into our…16 Mar 2023HANSARDDefence SpendingAn additional £24 billion is going in now as a result of the spending review 2020. The £11 billion announced at the Spring Budget includes £4.95 billion over the next two years.…16 Mar 2023