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2,217 recent contributions in Hansard
HANSARDBudget 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 2023HANSARDDevolved Budget for Wales: InflationI believe the noble Lord was referring to the Lords Committee on the Barnett Formula in 2009, which called for a review of that, including implementing a needs-based factor. That…15 Mar 2023HANSARDDevolved Budget for Wales: InflationMy noble friend is absolutely right about the importance of reducing inflation. That is why it is so important that the measures we have taken in the Autumn Statement and today’s…15 Mar 2023HANSARDDevolved Budget for Wales: InflationMy Lords, I believe that is a question for the Welsh Government, as it is a devolved area. On funding, I just go back to the point that the Welsh Government have had a record…15 Mar 2023HANSARDDevolved Budget for Wales: InflationThe Welsh Government are well funded to meet their responsibilities. The 2021 spending review set the largest annual settlement in real terms since the devolution Act. The…15 Mar 2023HANSARDDevolved Budget for Wales: InflationMy Lords, I reiterate to the noble Baroness—and to the Welsh Government—that the Welsh Government, in the 2021 spending review, received the largest annual settlement in real…15 Mar 2023HANSARDDevolved Budget for Wales: InflationInstead of removing the Barnett formula, we have amended it to include that needs-based factor. The Barnett formula is simple and efficient and provides a clear and certain…15 Mar 2023HANSARDPublic Spending: Barnett FormulaMy Lords, I will endeavour to provide as much detail as I can in my written response. I note the noble Lord’s desire that it address the specific points concerning the East…15 Mar 2023HANSARDPublic Spending: Barnett FormulaMy Lords, I add my thanks to the noble Lord, Lord Shipley, for the timeliness of this debate and add words of welcome to the noble Lord, Lord Hendy. As we have heard, he brings a…15 Mar 2023HANSARDDevolved Budget for Wales: InflationMy Lords, I believe we are having a whole debate this evening about the Barnett formula. I simply say to the noble Lord that, yes, all allocation systems have strengths and…15 Mar 2023HANSARDDevolved Budget for Wales: InflationIt is a difficult thing, but one that this Government are committed to. That is why I am so pleased to see that as a result of the measures announced in this Budget today, we have…15 Mar 2023HANSARDSilicon Valley BankMy Lords, as noble Lords have recognised, the course of events over the weekend was a good outcome for the customers of Silicon Valley Bank in the UK and an example of the Bank of…14 Mar 2023HANSARDUK Infrastructure Bank Bill [HL]My Lords, the Bill is mercifully short, so I shall also keep my remarks brief. I thank all noble Lords who have spoken today and who contributed when we took the Bill through its…14 Mar 2023HANSARDSilicon Valley BankI can absolutely reassure the House that all depositors’ money with SVB UK is safe and secure as a result of the transaction. The noble Lord is right that many of SVB UK’s…14 Mar 2023HANSARDSilicon Valley BankOn the noble Baroness’s final point, I do not think that those two aims need to contradict each other. In fact, the Financial Services and Markets Bill aims to deliver on both. I…14 Mar 2023HANSARDUK Infrastructure Bank Bill [HL]My Lords, with the leave of the House, I shall speak also to the other amendments and that in the name of the noble Baroness, Lady Hayman. I start with Commons Amendment 2. As was…14 Mar 2023HANSARDUK Infrastructure Bank Bill [HL]That this House do agree with the Commons in their Amendments 4 to 11.14 Mar 2023HANSARDUK Infrastructure Bank Bill [HL]That this House do agree with the Commons in their Amendment 3. Amendment to the Motion on Amendment 314 Mar 2023HANSARDUK Infrastructure Bank Bill [HL]That this House do agree with the Commons in their Amendments 1 and 2.14 Mar 2023HANSARDSilicon Valley BankThe point I was trying to make is that I am sure the Financial Policy Committee of the Bank of England will want to consider that. It updates its approach to stress testing both…14 Mar 2023