Contributions
571 recent contributions in Hansard
HANSARDFinance Bill (Fourth sitting)I hope the clause will not be controversial, although we are always surprised by Opposition Members. The clause will make changes to ensure that various errors and omissions in…30 Jan 2025HANSARDFinance Bill (Second sitting)I thank the shadow Minister for the way he has approached this subject. He is correct, of course, that the previous Government consulted on PISCES in March last year. We responded…28 Jan 2025HANSARDFinance Bill (Second sitting)These clauses make changes to pension schemes established in, or administered by, persons resident in European economic area states and bring them in line the rest of the world.…28 Jan 2025HANSARDFinance Bill (Second sitting)Clause 56 introduces a power enabling changes to be made to stamp duty and stamp duty reserve tax in relation to financial market infrastructure sandboxes. The Government are…28 Jan 2025HANSARDFinance Bill (Second sitting)I thank the shadow Minister for his questions. I hope to answer all of them and, if I do not, I promise to write to him with clarification. He asked some questions about the…28 Jan 2025HANSARD High Streets: Autumn Budget 2024The hon. Member pre-empts my next sentence, so I thank him for that. We have committed to reforming business rates, because we need a fairer system, fit for the 21st century. That…23 Jan 2025HANSARD High Streets: Autumn Budget 2024I congratulate the hon. Member for Harpenden and Berkhamsted (Victoria Collins) on securing the debate and thank her for sharing her story of working in her mum’s gift shop. It…23 Jan 2025HANSARD High Streets: Autumn Budget 2024Ministers are always happy to hear from hon. Members. I suggest that the hon. Member writes to the Exchequer Secretary to the Treasury with that feedback. I should note that this…23 Jan 2025HANSARD High Streets: Autumn Budget 2024We need to treat all small businesses equally. I understand the hon. Lady’s perspective, but I do not think that it would be fair or easy to have a business rates system that…23 Jan 2025HANSARD High Streets: Autumn Budget 2024I am here in my ministerial capacity, of course, but I also represent High Wycombe in the south-east, so I understand her point, and promise to take it back to the Department, and…23 Jan 2025HANSARD High Streets: Autumn Budget 2024Indeed. The point of the reforms is to better protect small businesses. As the hon. Gentleman says, there are already small businesses that are protected, but we want to ensure…23 Jan 2025HANSARDBank Resolution (Recapitalisation) Bill [Lords]I can tell I am going to enjoy discussing these matters with the right hon. Gentleman. I have looked into this since our exchange on Monday, and I want to clarify what happened on…22 Jan 2025HANSARDBank Resolution (Recapitalisation) Bill [Lords]I agree with the hon. Gentleman, who puts it very well. He will know that there was a different order in the case of Credit Suisse, but the then Government said at the time that…22 Jan 2025HANSARDBank Resolution (Recapitalisation) Bill [Lords]I beg to move, That the Bill be now read a Second time. The Bank Resolution (Recapitalisation) Bill will enhance the UK’s resolution regime by giving the Bank of England a more…22 Jan 2025HANSARDBank Resolution (Recapitalisation) Bill [Lords]My hon. Friend flatters me. It is not that easy to explain in simple terms, but I will do my best. Essentially, if a small bank is in trouble, it is better for it not to go into…22 Jan 2025HANSARDTopical QuestionsIt is our view that it is absolutely right that the Bank of England has operational independence. That is in line with international standards and what is happening in…21 Jan 2025HANSARDMoney Laundering in Retail BusinessesThis Government are committed to tackling money laundering. Money laundering through cash-based high street businesses is a known issue, and the Treasury works closely with law…21 Jan 2025HANSARDMoney Laundering in Retail BusinessesIt is right that we take a robust approach to money laundering, and we have a tailored approach to cash deposit limits to reflect the differences in needs and risk profiles across…21 Jan 2025HANSARDMoney Laundering in Retail BusinessesWe take this issue very seriously. The Treasury owns the money laundering regulations, but the FCA has a key role as a major supervisor, and we work very closely with the criminal…21 Jan 2025HANSARDTopical QuestionsI am always happy to meet my hon. Friend, who is a near constituency neighbour. We absolutely agree that retail investment is crucial. I want more progress on the advice guidance…21 Jan 2025