Contributions
1,763 recent contributions in Hansard
HANSARDBlack Friday: Financial ProductsI fully accept the point that the hon. Lady makes, in that at the moment, those protections do not exist, and that is why we have to regulate appropriately and proportionately. I…23 Nov 2021HANSARD Critical Benchmarks (References and Administrators’ Liability) Bill [Lords]We have had a considerable debate this afternoon, both on Second Reading and in our scrutiny in Committee. I have made clear on a number of occasions the Government’s intentions…18 Nov 2021HANSARD Critical Benchmarks (References and Administrators’ Liability) Bill [Lords]What we are saying is that the fall-back provisions, if they are without reference to LIBOR, would still apply. Where LIBOR is the reference, we are trying to ensure this…18 Nov 2021HANSARD Critical Benchmarks (References and Administrators’ Liability) Bill [Lords]It is a pleasure to serve under your chairmanship, Mr Evans. The right hon. Member for Wolverhampton South East and the hon. Member for Glenrothes (Peter Grant) have raised a…18 Nov 2021HANSARD Critical Benchmarks (References and Administrators’ Liability) Bill [Lords]Thank you, Madam Chairman. I am grateful to you for being in the Chair at this point. I realise that a number of these provisions have already been considered on Second Reading,…18 Nov 2021HANSARD Critical Benchmarks (References and Administrators’ Liability) Bill [Lords]As ever, my right hon. Friend makes a reasonable point, and I will come on to address the potential divergence, and the implications of the synthetic methodology for the existing…18 Nov 2021HANSARD Critical Benchmarks (References and Administrators’ Liability) Bill [Lords]I cannot give the hon. Gentleman a precise figure. However, in my remarks now and further on, I will give an explanation of those that are excluded and therefore necessitate the…18 Nov 2021HANSARD Critical Benchmarks (References and Administrators’ Liability) Bill [Lords]I beg to move, That the Bill be now read a Second time. Many Members will have heard of LIBOR in the context of the manipulation scandals almost 10 years ago. The London interbank…18 Nov 2021HANSARD Critical Benchmarks (References and Administrators’ Liability) Bill [Lords] (Allocation of Time)I am grateful to the hon. Member for Glenrothes (Peter Grant) for the points he has made, and I recognise the relatively unusual procedure being adopted here. He was present…18 Nov 2021HANSARD Critical Benchmarks (References and Administrators’ Liability) Bill [Lords]I want to address thoroughly all the points raised by the right hon. Member for Wolverhampton South East (Mr McFadden) and the hon. Member for Glenrothes (Peter Grant) about legal…18 Nov 2021HANSARDFinancial Services: Future Regulatory Framework ReviewThe Government have today laid before Parliament the second consultation on the future regulatory framework (FRF) review, “Financial Services Future Regulatory Framework Review:…09 Nov 2021HANSARDCentral Bank Digital CurrencyThe UK, like many countries, is actively exploring the potential role of a retail central bank digital currency (CBDC) as a complement to cash and bank deposits. A retail CBDC…09 Nov 2021HANSARDTreasury UpdatesToday the Government are publishing the Finance Bill 2021-22 which will include a clause to increase the normal minimum pension age from age 55 to age 57 from 6 April 2028. This…04 Nov 2021HANSARDLondon Capital & Finance Compensation Scheme: Contingencies Fund AdvanceOn 19 April 2021 the Government announced the detail of a compensation scheme for London Capital & Finance plc (LCF) bondholders (HCWS922). The scheme provides 80% of LCF…03 Nov 2021HANSARDDisclosure of Asset Sale CompletionI can confirm today the completion of the sale of the share capital of Bradford & Bingley (B&B) plc and NRAM Ltd, returning both companies to private ownership. In February 2021,…02 Nov 2021HANSARDTopical QuestionsThe Government are committed to making the UK a hostile place for illicit finance and economic crime and ensuring that all donations to political parties comply with the…02 Nov 2021HANSARDPlan for JobsThe hon. Lady will know of the Government’s investment in T-levels and the additional investment last week in apprenticeships, as well as a number of other interventions that the…02 Nov 2021HANSARDPlan for JobsI agree entirely with my right hon. Friend, who has been a champion in this area, throughout his experience in government and in his work now as Chair of the Select Committee on…02 Nov 2021HANSARDPlan for JobsYes, I can. My hon. Friend is right; unemployment is at 3.5% in her constituency, as against the 5% average. On people aged 50 to 64 who unfortunately lose their job and find a…02 Nov 2021HANSARDPlan for JobsSome 1.6 million people have moved into work having received support from work coaches, and hundreds of thousands of jobseekers have been supported by our other Plan for Jobs…02 Nov 2021