Contributions
2,217 recent contributions in Hansard
HANSARDFinancial InclusionFinancial education is taught in schools through a number of different avenues, including the maths curriculum, citizenship education and PSHE. The Government are well aware of…11 Jul 2022HANSARDFinancial InclusionMy Lords, pre-payment meter customers are covered by the price cap, so they receive protection from that, but they pay a higher rate, which Ofgem believes is necessary to reflect…11 Jul 2022HANSARDFinancial InclusionI agree with my noble friend’s sentiments. As he pointed out, a cut to the taper rate of universal credit is essentially a tax cut for those on the lowest wages, and it makes sure…11 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]My Lords, I thank all noble Lords for their constructive approach to each stage of this Bill. In particular, I thank the noble Lord, Lord Tunnicliffe, and the noble Baroness, Lady…11 Jul 2022HANSARDFinancial InclusionMy Lords, I absolutely agree with the sentiments expressed by my noble friend about the importance of financial inclusion. The Government recognise that there has been strong…11 Jul 2022HANSARDFinancial InclusionThe Government want to ensure that people, regardless of their background or income, have access to useful, affordable financial products and services. To tackle financial…11 Jul 2022HANSARDFinancial InclusionMy Lords, there are existing obligations, which are enforced by the Payment Systems Regulator, but noble Lords will also know that the Government are committed to legislating to…11 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]My Lords, before we progress with Third Reading, I shall make a very brief statement on legislative consent in relation to the Bill. My officials have worked closely with their…11 Jul 2022HANSARDUK Infrastructure Bank Bill [HL]That the Bill be now read a third time. Relevant document: 2nd Report from the Delegated Powers Committee11 Jul 2022HANSARDFinancial InclusionI agree with the sentiments expressed by my noble friend. Access to capital is something that should be offered to the widest range of people so that they can benefit from it.11 Jul 2022HANSARDFinancial InclusionMy Lords, I agree that school is a very important place to start for people’s life chances, and also their financial understanding. I am pleased to say that under this Government,…11 Jul 2022HANSARDFinancial InclusionMy Lords, I am aware of the poverty premium: it can exist in different ways in different sectors. There is already work under way to tackle that poverty premium; for example, the…11 Jul 2022HANSARDFinancial InclusionMy Lords, I am sure that that letter will be responded to, although I take this opportunity to pay tribute to the work of my honourable friend John Glen, to whom the letter was…11 Jul 2022HANSARDNATO Accession: Sweden and FinlandMy Lords, the noble Lord was not here at the beginning of the Statement. He has already asked one question; two would be pushing his luck.07 Jul 2022HANSARDMusicians and Creative Professionals: Working in the European UnionShe.07 Jul 2022HANSARDMoney Laundering Regulations: Politically Exposed PersonsThe recent review of the money laundering regulations—MLRs—has concluded that there should be no immediate change to the requirements for domestic politically exposed persons. The…05 Jul 2022HANSARDMoney Laundering Regulations: Politically Exposed PersonsMy Lords, the Government are engaging with banks on this matter. A round table was held on 4 March this year. At that meeting, banks reaffirmed their commitment to following the…05 Jul 2022HANSARDMoney Laundering Regulations: Politically Exposed PersonsMy Lords, as I set out, the Government are looking at further evidence around changing the money laundering regulations so that enhanced due diligence is not automatically…05 Jul 2022HANSARDFinancial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022That the draft Regulations laid before the House on 13 June be approved.05 Jul 2022HANSARDFinancial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022My Lords, these regulations tidy up certain aspects of the statute book following the implementation of the remaining Basel III standards and the investment firms prudential…05 Jul 2022