Contributions
2,217 recent contributions in Hansard
HANSARDHealth and Social Care Leadership ReviewMy Lords, I encourage the noble Lord to reach his question.09 Jun 2022HANSARDSchools Bill [HL]I hope to assure the noble Lord that those requirements will be written into the academy trust standards. If academy trusts do not meet those standards there will be enforcement…08 Jun 2022HANSARDSchools Bill [HL]Again, I think that would be something that would not be set out in the academy standards but would be best developed by schools themselves. I think I have covered all the points…08 Jun 2022HANSARDSchools Bill [HL]I believe that may be because they have been submitted later in the process. They will go through the grouping process through the usual channels and will be reached for debate in…08 Jun 2022HANSARDSchools Bill [HL]My Lords, it is probably worth my reiterating my noble friend the Minister’s comments that we have heard and understood noble Lords’ concerns about the breadth of the power we are…08 Jun 2022HANSARDSchools Bill [HL]I believe that is currently group 9, which we would reach on a future day. Of course, future days’ groupings are finalised, before they take place, with those involved.08 Jun 2022HANSARDSchools Bill [HL]My Lords, as the noble Baroness, Lady Brinton, has said, we have exchanged our telescopes for microscopes and got on to a discussion about the indicative list provided in Clause…08 Jun 2022HANSARDNorth Sea Oil and Gas Producers: Investment AllowancesThe Government absolutely recognise the importance of consistent baseload power as well; that is why we are committed, for example, to more investment in nuclear.07 Jun 2022HANSARDNorth Sea Oil and Gas Producers: Investment AllowancesMy Lords, the energy profits levy is expected to raise around £5 billion in the first 12 months, and that factors in the investment allowance designed into it. The Government will…07 Jun 2022HANSARDNorth Sea Oil and Gas Producers: Investment AllowancesMy Lords, the Government’s position on not having fossil fuel subsidies remains the same, and we use the IEA’s definition of subsidies in assessing that. Of course, the investment…07 Jun 2022HANSARDNorth Sea Oil and Gas Producers: Investment AllowancesI absolutely agree with my noble friend that this measure will not lower the price of gas. In fact, it is by that measure that it is not a subsidy to fossil fuels, but it will…07 Jun 2022HANSARDNorth Sea Oil and Gas Producers: Investment AllowancesI do not have that number with me for my noble friend, but I might be able to write to her on it. In terms of VAT receipts, there has not been a VAT windfall this year because…07 Jun 2022HANSARDNorth Sea Oil and Gas Producers: Investment AllowancesMy Lords, that is something which we will judge as we get to it, but I reassure the noble Viscount that there will be a sunset clause in the legislation to ensure that that…07 Jun 2022HANSARDNorth Sea Oil and Gas Producers: Investment AllowancesAs I have explained to the House, this is not a subsidy, but an investment allowance which is part of an additional levy on oil and gas producers. Therefore, they receive the…07 Jun 2022HANSARDNorth Sea Oil and Gas Producers: Investment AllowancesOne of the crucial differences is the investment allowance we have just been discussing, to ensure that the levy we have in place does not disincentivise investment in the North…07 Jun 2022HANSARDNorth Sea Oil and Gas Producers: Investment AllowancesMy noble friend is absolutely right. That went slightly beyond the energy profits levy investment allowance, but I would be happy to write to him with more details.07 Jun 2022HANSARDNorth Sea Oil and Gas Producers: Investment AllowancesI believe that it is going very well. As I have explained to the House, according to the IEA’s definition of fossil fuel subsidy, the UK is subsidy-free and will continue to be…07 Jun 2022HANSARDEconomy UpdateMy Lords, as I have said already, we are looking at certain parts of the energy generation sector that are also making extraordinary profits, because the price that electricity…26 May 2022HANSARDEconomy UpdateIn terms of the funding, the noble Baroness is absolutely right: the total cost of the package is around £15 billion. It will be part funded by the levy and the rest will be…26 May 2022HANSARDEconomy UpdateMy Lords, I have remembered the noble Baroness’s second point about increasing benefits next spring in line with September’s CPI inflation. I can confirm that that is the…26 May 2022