Contributions
571 recent contributions in Hansard
HANSARDBank Resolution (Recapitalisation) Bill [ Lords ] (First sitting)I beg to move amendment 1, in clause 1, page 1, line 21, leave out subsection (3). This amendment would remove subsection (3), which prevents recapitalisation payments from being…11 Feb 2025HANSARDBank Resolution (Recapitalisation) Bill [ Lords ] (First sitting)I thank the hon. Members for Wyre Forest and for Dorking and Horley for their contributions. Let me turn to the last point made by the hon. Member for Dorking and Horley and the…11 Feb 2025HANSARDBank Resolution (Recapitalisation) Bill [ Lords ] (First sitting)Growth and competitiveness are fundamental priorities for this Government. Financial and economic stability are essential for growth and lie at the heart of the Bill. Risks to…11 Feb 2025HANSARD Low-income Countries: Debt CancellationThank you for calling me, Ms McVey. It is a pleasure to serve under your chairmanship for the first time, and I am sure not the last. I thank the hon. Member for Southgate and…06 Feb 2025HANSARD Low-income Countries: Debt CancellationI am not sure that is something we are actively considering, but I will check and write to the hon. Gentleman. In December 2024, we were the first country to publish our…06 Feb 2025HANSARDFinance Bill (Fourth sitting)I thank the shadow Minister for his questions. I think from his comments that he knows this, but the clause is a paving measure for legislation that will be introduced. There will…30 Jan 2025HANSARDFinance Bill (Fourth sitting)Clause 78 legislates for the new rates of the soft drinks industry levy, to apply from 1 April 2025. The levy came into effect in April 2018—it was introduced by the previous…30 Jan 2025HANSARDFinance Bill (Fourth sitting)I thank the shadow Minister for his comments. If he will bear with me, I will speak generally about clause 82 before I address his amendment. Clause 82 will make changes to ensure…30 Jan 2025HANSARDFinance Bill (Fourth sitting)It is a great pleasure to serve under your chairmanship, Ms Vaz. The clause makes changes to the main rates of the climate change levy, or CCL, with effect from 1 April 2026. The…30 Jan 2025HANSARDFinance Bill (Fourth sitting)I welcome the Opposition’s support for the clause. For quite some time there has been cross-party support for the CCA scheme. I welcome what the shadow Minister said about the…30 Jan 2025HANSARDFinance Bill (Fourth sitting)Obviously kerosene is zero rated, but the effect of the clause is to increase the main rates of CCL on gas, electricity and solid fuels by RPI. That is in line with what we…30 Jan 2025HANSARDFinance Bill (Fourth sitting)I thank the Opposition for their support. Question put and agreed to. Clause 79 accordingly ordered to stand part of the Bill. Clause 80 ordered to stand part of the Bill. Clause…30 Jan 2025HANSARDFinance Bill (Fourth sitting)I thank the shadow Minister for reiterating that there was indeed cross-party support in 2018 when the previous Government introduced the soft drinks industry levy. I say gently…30 Jan 2025HANSARDFinance Bill (Fourth sitting)It is a bit of an exaggeration to read into this change, which we have introduced because the previous Government failed to keep the levy in line with inflation, and somehow infer…30 Jan 2025HANSARDFinance Bill (Fourth sitting)I am coming to that. It is an exaggeration to infer from that that it becomes a new norm. It does not. I am certainly not going to write next year’s Budget or the year after’s…30 Jan 2025HANSARDFinance Bill (Fourth sitting)Clause 79 closes a known route for tax avoidance by making changes to the taxation of chargeable gains when a limited liability partnership is in liquidation, and clause 80 closes…30 Jan 2025HANSARDFinance Bill (Fourth sitting)The clause makes changes to ensure that the Treasury has the power to make regulations to implement the cryptoasset reporting framework, which is also known as the CARF. The CARF…30 Jan 2025HANSARDFinance Bill (Fourth sitting)In my view, a cryptocurrency is a type of cryptoasset, but I will check that. Question put and agreed to. Clause 81 accordingly ordered to stand part of the Bill. Clause 82 Duty…30 Jan 2025HANSARDFinance Bill (Fourth sitting)The clause will enable the commissioners for HMRC to prepare for the introduction of the UK carbon border adjustment mechanism and allow information to be disclosed for the…30 Jan 2025HANSARDFinance Bill (Fourth sitting)I thank the hon. Lady for her intervention, but I am not entirely sure that I follow the logic. The purpose of CBAM, as I have said, is to ensure that if a product is produced…30 Jan 2025