Contributions
793 recent contributions in Hansard
HANSARDCovid-19: Public Wealth Investment FundThere are two parts to that question. First, on 20 May, we announced the future fund of an initial £250 million for co-investment with businesses. There has been enormous interest…09 Jun 2020HANSARDCovid-19: Public Wealth Investment FundI will have to write to the noble Lord to provide specific information on that.09 Jun 2020HANSARDCovid-19: Public Wealth Investment FundInfrastructure is a vital part of rebuilding from this crisis. I am unsure at this stage whether it will be done through the mechanism of a sovereign wealth fund. At the moment,…09 Jun 2020HANSARDCovid-19: Public Wealth Investment FundI certainly agree with the noble Lord that it is an extremely important consultation. As he implies, any serious crisis such as this gives the country a chance to look beyond the…09 Jun 2020HANSARDCovid-19: Public Wealth Investment FundI agree with the noble Lord that social benefit is an extremely important part of the recovery. To that end, we are consulting on our rules for public procurement at the moment to…09 Jun 2020HANSARDCovid-19: Public Wealth Investment FundI agree with the noble Baroness that pension funds in this country could play a much greater role in investing in Early Days businesses. The noble Baroness will know better than I…09 Jun 2020HANSARDCovid-19: EconomyMy Lords, I congratulate the noble Lord, Lord Eatwell, on his initiative in securing this debate. I am grateful for the opportunity to discuss this matter. Noble Lords have spoken…04 Jun 2020HANSARDCovid-19: Economic PackageIn response to my noble friend, unfortunately I cannot give any more information at the moment, but businesses will be made aware within the next 10 days to two weeks.13 May 2020HANSARDCovid-19: Economic PackageI thank my noble friend for his supportive comments. The self-employment income support scheme opened today at 8 am, and by lunchtime we had had 110,000 applications, worth in…13 May 2020HANSARDCovid-19: Economic PackageI assure the noble Lord that we are aware of the regional differences that will emerge in the aftermath of this crisis. It is worth reminding the House that the furlough scheme,…13 May 2020HANSARDCovid-19: Economic PackageTo answer the right reverend Prelate’s question, what we have always done through this crisis over the past few months is take a flexible approach and respond as events confront…13 May 2020HANSARDCovid-19: Economic PackageMy Lords, we have improved the terms of universal credit since this crisis began by increasing payments by £20 a week. We have seen 1.6 million claims since the beginning of the…13 May 2020HANSARDCovid-19: Economic PackageMy Lords, my right honourable friend in his Statement yesterday extended the existing terms of the furlough scheme until the end of July. I think we will have better knowledge of…13 May 2020HANSARDCovid-19: Economic PackageMy Lords, the newly announced self-employment income support scheme, which opened today, will be kept open as long as it is needed. That is what we have said all along: we will do…13 May 2020HANSARDCovid-19: Economic PackageMy Lords, all the details that the noble Lord has asked about are being worked out at the moment. That is why we will not be able to announce the full details until the end of…13 May 2020HANSARDCovid-19: Economic PackageMy Lords, with the leave of the House, I shall now repeat in the form of a Statement the Answer to an Urgent Question given yesterday in the other place by the Chancellor of the…13 May 2020HANSARDIncome Equality and SustainabilityMy Lords, I begin by congratulating the most reverend Primate the Archbishop of York on his valedictory speech in this House. I echo the many tributes to him that we have heard…06 May 2020HANSARDTax AvoidanceI take on board the noble and right reverend Lord’s points, and I would be interested to see the five criteria that he mentioned. I reiterate that the thrust of our approach has…29 Apr 2020HANSARDTax AvoidanceThe noble Baroness makes a sound point. It is just too early to make those sorts of assessments. I want to pick up on the point about digital companies. We have introduced the…29 Apr 2020HANSARDTax AvoidanceI think that most of us share the noble Baroness’s views on abusive tax measures by companies. Apart from all the measures that we have introduced over the past seven or eight…29 Apr 2020