Contributions
1,068 recent contributions in Hansard
HANSARDSubsidy Control Bill (Sixth sitting)It is a pleasure to see you back in the Chair this afternoon, Ms Nokes. We have no objections to the clause. Question put and agreed to. Clause 40 accordingly ordered to stand…02 Nov 2021HANSARDSubsidy Control Bill (Sixth sitting)We do not believe that the clause should stand part. That is consistent with our approach to the problems with the lack of content on the database and the lack of transparency.…02 Nov 2021HANSARDSubsidy Control Bill (Sixth sitting)I beg to move amendment 45, in clause 42, page 23, line 43, at end insert— “(1A) Before making regulations under subsection (1), the Secretary of State must seek the consent of…02 Nov 2021HANSARDSubsidy Control Bill (Sixth sitting)I have to pick the Minister up on this: he thanks Members for our ongoing interest in the Committee’s deliberations, and the devolved Administrations for their interest. Come on.…02 Nov 2021HANSARDSubsidy Control Bill (Sixth sitting)My hon. Friend the Member for Aberavon and the hon. Member for Aberdeen North have made some powerful points about why it is so important to get this right. I did not get a…02 Nov 2021HANSARDSubsidy Control Bill (Fourth sitting)Not yet; let me answer my hon. Friend first before I take what I am sure will be an incredibly important and insightful intervention, as always—it does not mean he is right. It is…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)It is great to see you back in the Chair, Ms Nokes. Clause 18 is crystal clear about preventing the use of subsidies to enable businesses to move from one location within the UK…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)No, not at all. I have no idea at all why the hon. Member thinks that is where my or my hon. Friend’s arguments were going. We are very much in favour of foreign direct investment…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)The Opposition do not oppose this clause. Question put and agreed to. Clause 20 accordingly ordered to stand part of the Bill. Clause 21 Restructuring deposit takers or insurance…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)I am grateful to the Minister for drawing the Committee’s attention to where the points covered by our amendments exist elsewhere in the Bill. I have reservations about the…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)The fact that subsidies should not be given to ailing or insolvent banks, insurance companies or other deposit takers unless certain conditions are met, such as that the subsidy…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)Thank you, Ms Nokes. That intervention rather makes the point that I was making in the previous debate about the need for definition in the Bill around what we mean by various…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)Before the Minister moves on, I want to tie down the difference between short-term and long-term liabilities. From my dim and distant accountancy past, there seems to me to be…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)We recognise the importance of clauses 21 to 27. We have some questions about the definitions of “ailing” and “insolvent”. The definitions of those terms in the Bill are arguably…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)We recognise that subsidies to an air carrier for the operation of a route should be prohibited unless certain conditions are met, and those conditions are listed. I cannot help…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)We support clause 23. Question put and agreed to. Clause 23 accordingly ordered to stand part of the Bill. Clause 24 Meaning of “ailing or insolvent” Question proposed, That the…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)Yes, there is the irony that the Government are requiring delegates to COP26 to show their method of travel to the conference. I hope that we will see subsidies supporting rail…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)We are happy to support clause 22. Question put and agreed to. Clause 22 accordingly ordered to stand part of the Bill. Clause 23 Liquidity provision for deposit takers or…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)I think I understood my hon. Friend’s excellent intervention. She was correcting me: actually, one can get a ticket for £25 from London to Glasgow, not £45.28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)We broadly support the measures in clause 19 on rescue subsidies, and we want to strengthen the measures by adding, with amendments 14 and 15, the important areas of critical…28 Oct 2021