Contributions
793 recent contributions in Hansard
HANSARDEquivalence Determinations for Financial Services (Amendment etc.) (EU Exit) Regulations 2020My Lords, the Treasury has been undertaking a programme of legislation to ensure that after the end of the transition period there continues to be a functioning legal and…02 Sept 2020HANSARDFinance BillMy Lords, this has been an excellent debate, and I thank noble Lords for their expert and insightful contributions. I shall use what time remains available to address some of the…17 Jul 2020HANSARDFinance BillThat the Bill be now read a second time.17 Jul 2020HANSARDFinance BillMy Lords, we are here to debate the annual Finance Bill, introduced in the other place following the Budget on 11 March, over four months ago. During that time, the circumstances…17 Jul 2020HANSARDFinance BillMy Lords, with the leave of the House I will also speak to the remaining Motion standing in my name on the Order Paper.17 Jul 2020HANSARDUnemploymentOf course we want to see businesses feeling confident in their approach to coming out of this crisis. However, I cannot give a commitment on behalf of the Chancellor on what the…11 Jun 2020HANSARDUnemploymentAs the noble Baroness will know, our furlough scheme has been one of the most generous in Europe, and the whole point of it is to protect productive capacity. We certainly hope…11 Jun 2020HANSARDUnemploymentAs the noble Lord probably is aware, we have given significant support to areas such as entertainment in the form of grants and business rates relief. For those that missed out on…11 Jun 2020HANSARDUnemploymentThe noble Lord makes a good point and I certainly expect the debate about the distance to carry on. I share his concern about seeing the distance reduced, because it would enable…11 Jun 2020HANSARDUnemploymentThe advice will be taken in the context of our overall economic recovery. Our first priorities have to be keeping this country safe and getting our businesses reopened, and it is…11 Jun 2020HANSARDUnemploymentAs the noble Lord will know, we have announced an unprecedented level of support across the economy which includes these particularly hard-hit areas. As he will also know, we…11 Jun 2020HANSARDUnemploymentThe Government’s overarching priority is to reopen the economy as quickly as is safely possible. That is how the groups the noble Lord has referred to will be able to start…11 Jun 2020HANSARDUnemploymentMy Lords, I think that the scientific evidence is relatively clear that the risk of transmission of the disease declines exponentially with the distance between people who are…11 Jun 2020HANSARDUnemploymentMy Lords, we must accept that the coronavirus will have a very significant adverse impact on our economy. The Office for Budget Responsibility reference scenario assumes that the…11 Jun 2020HANSARDUnemploymentMy noble friend raises an important point. Certainly, a great deal of thinking is going on at the moment about how we can turbocharge investment in green energy. Indeed, our…11 Jun 2020HANSARDCovid-19: Public Wealth Investment FundMy Lords, the Government have announced unprecedented support for public services, workers and businesses to protect them against the current economic emergency. Our interventions…09 Jun 2020HANSARDCovid-19: Public Wealth Investment FundOur first priority as a Government has been to try to protect the productive capacity of the economy, which is why we have one of the most generous furlough schemes in Europe. On…09 Jun 2020HANSARDCovid-19: Public Wealth Investment FundI agree with the noble Lord on the role of the British Business Bank, which has played an extremely important part in the economy over the last few years. It has given some £7…09 Jun 2020HANSARDCovid-19: Public Wealth Investment FundI am very happy to meet my noble friend to discuss that, but I stress that we expect the private sector to step up to the mark in investing in these small businesses in future. We…09 Jun 2020HANSARDCovid-19: Public Wealth Investment FundI certainly commit to chasing up a reply to the letter that the noble Lord mentioned. Businesses run by the BAME community are of course vital to our economy.09 Jun 2020