Contributions
1,763 recent contributions in Hansard
HANSARD IR35 Tax ReformsI am very happy to look into that and to see that that work is forensic enough to give a reliable read-out on actual behaviour. Members also questioned whether there might be an…04 Apr 2019HANSARDContingent Liability Notification and Disclosure of Asset SaleI can today confirm that I have laid a Treasury minute informing the House of the contingent liability that HM Treasury has taken on in authorising the sale of a portfolio of NRAM…02 Apr 2019HANSARDBilateral Loan to IrelandHM Treasury has today provided a further report to Parliament in relation to the bilateral loan to Ireland as required under the Loans to Ireland Act 2010. The report relates to…01 Apr 2019HANSARDSupervision of Co-operative Bank 2008-13: Independent ReviewOn 6 March 2018 I laid a direction before Parliament using the powers conferred by sections 77(1) and (2) and 78(5) and (6) of the Financial Services Act 2012 (“the Act”), to…27 Mar 2019HANSARDFCA: Retained Provisions of the Consumer Credit ActIn 2014, the Government fundamentally reformed the consumer credit market, by transferring regulation from the Office of Fair Trading (OFT) to the Financial Conduct Authority…25 Mar 2019HANSARDDraft Electronic Commerce and Solvency 2 (amendment etc.) (EU Exit) Regulations 2019I thank the hon. Member for Oxford East and the right hon. Member for North Durham for their questions, which I will endeavour to answer. As has been the norm, we have exchanged…20 Mar 2019HANSARDDraft Electronic Commerce and Solvency 2 (amendment etc.) (EU Exit) Regulations 2019I beg to move, That the Committee has considered the draft Electronic Commerce and Solvency 2 (EU Exit) Regulations 2019. It is a pleasure to serve under your chairmanship this…20 Mar 2019HANSARDDraft Electronic Commerce and Solvency 2 (amendment etc.) (EU Exit) Regulations 2019In terms of reciprocity in a no-deal situation, actions taken in recent days and weeks give us that equivalence assessment. The scope and effectiveness of those going forward…20 Mar 2019HANSARD Clydesdale Bank and SMEsI have extreme sympathy for everyone who has had the sort of experience that this constituent has had, but I do not think it is right for any Government to make policy on the…19 Mar 2019HANSARD Clydesdale Bank and SMEsI acknowledge my hon. Friend’s long-standing efforts in this area. Before I was a Minister, I was a member of that APPG. The whole range of dispute resolution mechanisms that have…19 Mar 2019HANSARD Clydesdale Bank and SMEsI thank the hon. Gentleman for his comments. I always listen very carefully to the constructive way that he presents his case. Let me address the hon. Gentleman’s three core…19 Mar 2019HANSARD Clydesdale Bank and SMEsAgain, I thank my hon. Friend for the work he has done in this area. I met representatives of UK Finance just a few hours ago, and I am aware of his correspondence overnight on…19 Mar 2019HANSARD Clydesdale Bank and SMEsI thank the hon. Lady for her comments. There are two things there, and one is the adequacy of the voluntary mechanism. To be fair, it is unclear how it will play out, because it…19 Mar 2019HANSARD Clydesdale Bank and SMEsI have listened carefully to the hon. Gentleman a number of times. As I have said to him previously, we need an effective mechanism that small businesses can get reliable and…19 Mar 2019HANSARD Clydesdale Bank and SMEsYes. I am happy to take up the case of Mr Lightbody and ensure that he gets a conversation with the right people.19 Mar 2019HANSARD Clydesdale Bank and SMEsI recognise that we need in the Financial Conduct Authority and the PRA regulators that are able to take appropriate action in a timely way to deal with disputes where they have…19 Mar 2019HANSARD Clydesdale Bank and SMEsThe hon. and learned Lady makes a reasonable point. It would be perverse to shred relevant materials in the context of a provision that they have entered into freely, showing a…19 Mar 2019HANSARD Clydesdale Bank and SMEsI thank the hon. Lady for her points, and I will try to address them all. The decision to develop the dispute resolution service was taken carefully, after a lot of engagement…19 Mar 2019HANSARD Clydesdale Bank and SMEsI thank the hon. Gentleman for his comments. The key issue for many of these people, who have been waiting for a very long time—sometimes up to 10 or 11 years and longer—is to…19 Mar 2019HANSARD Clydesdale Bank and SMEsI believe the dispute resolution service that has been set up gives the scope to go back over 10 years of disputed cases, and there is a desire to provide quick access. As the…19 Mar 2019