Contributions
2,622 recent contributions in Hansard
HANSARDCredit Card InvoicesMy Lords, payments are governed by the Payment Services Regulations. The Government published a call for evidence in January 2023 to test whether the regulations are meeting their…26 Mar 2024HANSARDCredit Card InvoicesI am grateful to my noble friend for raising this issue again. As I mentioned last time, there is now a consumer duty, which is a very important underpinning for financial…26 Mar 2024HANSARDCredit Card InvoicesMy noble friend is quite right. He may have heard some of the explanation I gave in the debate on the Spring Budget on why we had to take the decisions that we did. Noble Lords…26 Mar 2024HANSARDCredit Card InvoicesI am interested to know if that is the restaurant that the noble Lord intends to take me to. I have been in correspondence with him since last week. We will work very closely with…26 Mar 2024HANSARDHMRC Self-assessment HelplineI do not fully recognise the picture that the noble Baroness paints. Over the course of this Parliament, the amount of funding provided to HMRC has increased from £4.3 billion in…26 Mar 2024HANSARDHMRC Self-assessment HelplineObviously, it is up to the individual to ensure that they pay the right tax at the right time. HMRC intends to make that as easy as possible, but for some more complex situations…26 Mar 2024HANSARDHMRC Self-assessment HelplineThe HMRC board as currently constituted is advisory. I know that my colleague the Financial Secretary to the Treasury is taking a keen interest in the strategy and its…26 Mar 2024HANSARDHMRC Self-assessment HelplineThe helplines that would have closed relate to VAT and PAYE and self-assessment. HMRC is putting in various digital solutions to ensure that people can access A1 forms as quickly…26 Mar 2024HANSARDHMRC Self-assessment HelplineI accept that that can be the case. There is a digital assistant in the first instance, which is like a chatbot which can help with very simple inquiries; then it goes on to web…26 Mar 2024HANSARDElectronic Payment DevicesI recognise the issues raised by the noble Lord, and the financial services industry also recognises these challenges. As I have already said, UK Finance publishes a list of…19 Mar 2024HANSARDElectronic Payment DevicesMy noble friend raises a wide suite of issues. Underpinning all the work the financial services industry is doing is the Financial Conduct Authority, which is responsible for…19 Mar 2024HANSARDElectronic Payment DevicesI am grateful to the noble Baroness for her question. Unfortunately, it goes slightly beyond my briefing today, but I will write.19 Mar 2024HANSARDElectronic Payment DevicesI agree with my noble friend. That is something that the FCA should take from this, and it needs to feed back into the work that we know that EY, in conjunction with UK Finance,…19 Mar 2024HANSARDElectronic Payment DevicesOne should always report these matters to the police.19 Mar 2024HANSARDElectronic Payment DevicesMy Lords, the Government are unequivocally supportive of all efforts by the financial services industry, the card machine operators and charities such as the Royal National…19 Mar 2024HANSARDElectronic Payment DevicesRegulations that were introduced at any particular point in time have become out of date very quickly. Underpinning the work we are doing is the Equality Act 2010. The whole point…19 Mar 2024HANSARDElectronic Payment DevicesMy Lords, I am not entirely sure that I am here to speak for all regulators. However, the consumer duty was introduced, whereby the FCA must ensure that the financial services…19 Mar 2024HANSARDElectronic Payment DevicesNow that is a first at the Dispatch Box—I have been invited on to buses and trains but never out to dinner. I do not know what to say to that, but I will try to find a restaurant…19 Mar 2024HANSARDSupply and Appropriation (Anticipation and Adjustments) BillThat the Bill be now read a second time.19 Mar 2024HANSARDSpring Budget 2024My Lords, it is a pleasure to close today’s debate on the Spring Budget and the Second Reading of the NICs Bill. As anticipated, it has been a spirited debate with very thoughtful…18 Mar 2024