Contributions
2,217 recent contributions in Hansard
HANSARDFinancial Services and Markets BillAs the noble Lord himself noted, proportionality is already within the regulators’ objectives and operating principles. It is a concept that the Government support in how the…01 Feb 2023HANSARDFinancial Services and Markets BillI am sure that the regulators have provided some of those views already. For example, they gave evidence during the Commons Committee stage of this Bill. I do not want to speak…01 Feb 2023HANSARDFinancial Services and Markets BillI believe I have just addressed Amendment 222. We are supportive of the establishment of regional mutual banks in the United Kingdom, but they are currently still establishing…01 Feb 2023HANSARDFinancial Services and Markets BillMy Lords, there is a large number of amendments to cover in this debate, so I aim to be succinct. While these amendments cover a range of issues, they all relate to reporting…01 Feb 2023HANSARDFinancial Services and Markets BillThey refer to organisations that were formed under the legislation to which I referred. We are taking forward work to look at amending the Building Societies Act, the Co-operative…01 Feb 2023HANSARDFinancial Services and Markets BillYes—I am sorry.01 Feb 2023HANSARDFinancial Services and Markets BillIs the noble Lord referring to their views on the question of proportionality and efficiency, or on a specific case?01 Feb 2023HANSARDFinancial Services and Markets BillI thank the noble Baroness for teeing me up to answer the question that she posed at the end of her remarks. I understand her point about trying to have a more flexible framework…01 Feb 2023HANSARDFinancial Services and Markets BillMy Lords, the Government agree with noble Lords that the efficiency, predictability and proportionality of financial services regulation are a particularly important issue, and…01 Feb 2023HANSARDFinancial Services and Markets BillWhen the noble Baronesses sign up to each other’s amendments, it can be confusing.01 Feb 2023HANSARDFinancial Services and Markets BillI suggest that I triple-check that for the noble Baroness and write to her. The provision to enable the implementation of MRAs included in the Bill does not enable the Government…01 Feb 2023HANSARDFinancial Services and Markets BillMy Lords, I will speak first to Clause 24 before turning to the other amendments in this group. The Government consider that, alongside their core responsibilities, it is right…01 Feb 2023HANSARDIMF Economic OutlookI believe that, last week, Tony Danker also welcomed a speech by my right honourable friend the Chancellor of the Exchequer that set out his vision for growth in the UK, looking…31 Jan 2023HANSARDIMF Economic OutlookMy Lords, I believe that that is not a forecast but a modelling assumption. We will look at the record of the UK economy since leaving the EU, and we continue to grow. Since the…31 Jan 2023HANSARDIMF Economic OutlookMy noble friend is right about the importance of investment, which is why the Government are maintaining record levels of capital investment: £600 billion over the next five…31 Jan 2023HANSARDIMF Economic OutlookI do not, but I will write to the noble Baroness if there is something available on that matter.31 Jan 2023HANSARDIMF Economic OutlookI completely agree with my noble friend on the importance of the financial services Bill to unleashing further growth in our economy. It is also a really important example of how…31 Jan 2023HANSARDIMF Economic OutlookI made it clear that the number one problem facing the UK is our high level of inflation, and that is why the Government have put it at the heart of our economic plans. We are…31 Jan 2023HANSARDIMF Economic OutlookI did note the report this morning, and, of course, impartiality is key to the BBC. The report is very interesting but, obviously, taking forward its recommendations is a matter…31 Jan 2023HANSARDIMF Economic OutlookI must correct the noble Lord on the cause of the disappointing figures for growth this year that we have seen. The IMF emphasises that Russia’s war in Ukraine continues to weigh…31 Jan 2023