Contributions
2,622 recent contributions in Hansard
HANSARDOverseas Territories: Tax Haven StatusThe Government absolutely recognise their crucial role in stemming corruption; we work very closely with the overseas territories on all sorts of issues when it comes to illicit…26 Feb 2024HANSARDOverseas Territories: Tax Haven StatusAs I said in my opening remarks, we encourage the overseas territories to develop sustainable and successful economies. As I also said, they are responsible for setting their own…26 Feb 2024HANSARDOverseas Territories: Tax Haven StatusI am grateful for my noble friend’s support for the Cayman Islands, but it is just one of the many different overseas territories. Not wishing to detract at all from his words, I…26 Feb 2024HANSARDOverseas Territories: Tax Haven StatusThe Government are not relaxed about offshore tax avoidance. We maintain that all tax avoidance needs to be stamped out, which is why we work so very closely with the overseas…26 Feb 2024HANSARDUK EconomyWhat is absolutely clear is that the forecasts show that the UK is forecast to grow, and very strongly. The IMF has forecast that we are to grow faster than Japan, Germany, France…21 Feb 2024HANSARDUK EconomyI absolutely believe that our plan is working. It is critical that we continue along the path that we have set out. One of the biggest challenges we have faced in this country…21 Feb 2024HANSARDFinance BillDoes the noble Lord want me to give them a tax cut for taxes that they do not pay? I am not following here at all, but I am not willing to get into a long debate about this right…21 Feb 2024HANSARDFinance BillYes, but let us also remember that the national living wage has gone up by 25% in real terms since 2010. There are all sorts of different things that the Government have done to…21 Feb 2024HANSARDUK EconomyObviously, I cannot comment on any potential tax cuts. I am sure the noble Baroness will agree that the US has a very different economic structure from the UK and tends to offer…21 Feb 2024HANSARDFinance BillMy Lords, I had better intervene quickly, before that continues. I am grateful to my noble friend, but I am sure he is well aware that that was not the usual procedure. I am very…21 Feb 2024HANSARDUK EconomyAs I think I said earlier on in answering this question, all sorts of countries have faced the challenges that the UK has. There have been a number of countries, over the second…21 Feb 2024HANSARDUK EconomyI will take that idea back to the Bank of England.21 Feb 2024HANSARDUK EconomyAs the noble Lord will be aware, the reason interest rates are particularly high is to control inflation. The Bank of England now expects inflation to get back to the target of…21 Feb 2024HANSARDUK EconomyAs the noble Lord will know, interest rates are just one of the levers that the Bank of England has to influence inflation. The Government can also play a key role in tackling…21 Feb 2024HANSARDUK EconomyI agree with my noble friend—let us celebrate good news, and I believe there will be more good news to come. He mentioned debt. It is fair to reassure noble Lords that we are on…21 Feb 2024HANSARDFinance BillThat the Bill be now read a second time.21 Feb 2024HANSARDUK EconomyThe noble Lord well knows that inflation is caused by a vast amount of different factors. When we announced our interventions at the Autumn Statement, the OBR said that they were…21 Feb 2024HANSARDFinance BillMy Lords, it is a pleasure to open this debate on the Finance Bill. As I explained during a memorable debate in your Lordships’ House last year, the Autumn Statement was designed…21 Feb 2024HANSARDFinancial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2024That the draft Order laid before the House on 18 December 2023 be approved. Considered in Grand Committee on 13 February .14 Feb 2024HANSARDMoney Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2024That the Regulations laid before the House on 22 January be approved. Relevant document: 12th Report from the Secondary Legislation Scrutiny Committee . Considered in Grand…14 Feb 2024