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1,763 recent contributions in Hansard
HANSARDBritish Steel Pension Scheme: TransfersI have listened carefully to the hon. Gentleman’s interventions, and he is right to say that 6.6% of the 122,000 individuals who had those pensions did transfer out, and that, in…10 Apr 2019HANSARDBritish Steel Pension Scheme: TransfersFollowing our meeting, I undertook to speak to Andrew Bailey, the chief executive. We are due to meet every few months, and our next meeting is imminent. I will speak to him about…10 Apr 2019HANSARDFinTechAs the hon. Gentleman knows, it is the Government’s policy to have an orderly exit from the EU. However, we know that FinTech has proved to be very resilient in all circumstances.…09 Apr 2019HANSARDPension SavingsI am delighted to give the hon. Lady that assurance. A ministerial meeting will be convened as quickly as possible.09 Apr 2019HANSARDPension SavingsThe Government do offer generous tax relief on contributions to, and investment growth within, pensions. We also enable tax-free access to a proportion of savings. It is right…09 Apr 2019HANSARDFinTechFinTech revolutionises financial services, promoting innovation, stimulating competition and incentivising firms to deliver better outcomes for customers. FinTech firms directly…09 Apr 2019HANSARDLending to Small BusinessesAs my hon. Friend knows through his excellent work with the dispute resolution service, there are some avenues for businesses to go down. Many—virtually all—lenders have now…09 Apr 2019HANSARDLending to Small BusinessesWe have taken direct action so that small businesses can get a direct and quick response by expanding the authority of the Financial Ombudsman Service and having a retrospective…09 Apr 2019HANSARDLending to Small BusinessesI am sorry, but I cannot give the hon. Lady that undertaking. I really passionately believe that we need to resist additional Financial Conduct Authority fees, product reviews,…09 Apr 2019HANSARDLending to Small BusinessesMy hon. Friend makes a very fair point. That is why the Chancellor announced at the spring statement that we will require company audit committees to review payment practices and…09 Apr 2019HANSARDLending to Small BusinessesLoans of less than £25,000 to the smallest businesses are already regulated under the Financial Services and Markets Act 2000. The Government are committed to regulating only…09 Apr 2019HANSARDPension SavingsAutomatic enrolment has reversed the decade-long decline in workplace pension saving. Department for Work and Pensions statistics show that since 2012 over 10 million people have…09 Apr 2019HANSARDLiving StandardsNo, it should reflect on the range of measures the Government took at Budget 2018, including the new energy price cap, the doubling of free childcare and the steps we have taken…09 Apr 2019HANSARDLiving StandardsDistributional analysis published by the Treasury at Budget 2018 shows that decisions taken by the Government on tax, welfare and spending on public services have benefited…09 Apr 2019HANSARDTopical QuestionsWe have a single economic crime board, which was set up in January and chaired by the Chancellor and the Home Secretary, to look at how better collaboration can tackle those…09 Apr 2019HANSARDFinTechI am grateful to my hon. Friend for that question and for his work as chair of the all-party parliamentary group on financial technology over the last four years. The regulator is…09 Apr 2019HANSARD IR35 Tax ReformsI am not aware of any distribution analysis, but I will check with officials, and if I can give clarification on that, I will do so by letter. Non-compliance in the private sector…04 Apr 2019HANSARD IR35 Tax ReformsIt is a pleasure to serve under your chairmanship, Sir David, in this very dry Chamber. I acknowledge the six excellent speeches that I have listened to carefully. I hope I will…04 Apr 2019HANSARD IR35 Tax ReformsI certainly agree with the hon. Gentleman’s instinct that tax simplification is how all Governments should seek to develop tax reforms. I will make some observations about that…04 Apr 2019HANSARD IR35 Tax ReformsI am happy to meet the hon. Gentleman to engage further on that and discuss his concerns in detail. I am not paying lip service to the consultation; I want it to be effective, and…04 Apr 2019