Contributions
464 recent contributions in Hansard
HANSARDMortgage Interest Rates: Impact on Disposable IncomeMortgage interest rates have fallen by more than 100 basis points from their peak in the summer. None the less, the Government have prioritised support for households that are…06 Feb 2024HANSARDFinancial Services: Growth SupportI thank my hon. Friend for his question, for writing to me and for standing up for the rights of his constituents. It is important the House knows that over 90% of investors voted…06 Feb 2024HANSARDMoney Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2024I am happy to follow that up, but I know that the Crown dependencies and overseas territories are subject to the same rules as any country in relation to the Financial Action Task…06 Feb 2024HANSARDMoney Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2024I thank the Committee for its broad support. Let me answer the questions that Members have put to me. The first question was about how one practically manages the process of…06 Feb 2024HANSARDHomeowners with Mortgages: SupportI completely agree on the absolute need to drive mortgage rates down, which is why we are supporting the Bank of England’s independent remit to bring interest rates down. We are…06 Feb 2024HANSARDHomeowners with Mortgages: SupportI would say two things in response to the hon. Lady. First, the best thing we can do is to help people with the cost of living, not increase their taxes, as the SNP in Scotland…06 Feb 2024HANSARDFinancial Services: Growth SupportI strongly echo the hon. Gentleman’s sentiments. I am very happy to engage with him and his colleagues from Northern Ireland to see what more I can do in the Treasury to work with…06 Feb 2024HANSARDFinancial Services: Growth SupportThe Government are taking ambitious steps to grow the UK’s world-leading financial services sector, with widespread industry support. To take one example, reforms to Solvency II…06 Feb 2024HANSARDTopical QuestionsI thank the hon. Gentleman for his question. Indeed, the Chancellor announced at the autumn statement last year that, over the next 12 months, the Government will consider selling…06 Feb 2024HANSARDMoney Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2024I am happy to follow up with the absolute number—again, I do not want to get that wrong in Committee. The Financial Action Task Force takes the approach of working with countries…06 Feb 2024HANSARDHomeowners with Mortgages: SupportAs the House knows, the path to lower interest rates is through lower inflation, which is why the Government are fully committed to supporting the Bank of England to get inflation…06 Feb 2024HANSARDTopical QuestionsI thank my hon. Friend for his question. I am studying those policies carefully. I am concerned about certain aspects of what is proposed, and I will be discussing the matter with…06 Feb 2024HANSARDTopical QuestionsI thank my hon. Friend for his question and I will write to him with the specifics of the answer.06 Feb 2024HANSARDMortgage Interest Rates: Impact on Disposable IncomeThis Government have introduced one of Europe’s largest support packages, worth more than £100 billion during 2022 to 2025. That is an average of £3,700 per household. The point…06 Feb 2024HANSARDLiving StandardsI thank my hon. Friend for that remark. I am very happy to think about and consider more deeply how we make sure that—whether it is a regulatory impact, is at national policy…01 Feb 2024HANSARDLiving StandardsIt is a pleasure to spend time with you and serve under your chairmanship, Mr Mundell. I want Members to be clear: I have heard the strength of feeling today. I am grateful for…01 Feb 2024HANSARDLiving StandardsI thank the hon. Member for that point. I have not seen the report, but, to take what he has said as read, the reason why, since the financial crisis in 2008-09, economic…01 Feb 2024HANSARDOverseas Funds Regime: EEA Equivalence AssessmentToday I am notifying the House about the Government’s decision regarding the equivalence assessment for states in the European economic area, including European Union member…30 Jan 2024HANSARDDraft Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2024The hon. Gentleman asks at what level. In terms of the Money and Pensions Service, it is the National Cyber Security Centre that is advising specifically on these. I am happy to…29 Jan 2024HANSARDDraft Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2024I thank the hon. Gentleman for his point. The whole Committee knows of his strong commitment not only to those in his constituency but those across the country when it comes to…29 Jan 2024