Contributions
793 recent contributions in Hansard
HANSARDTax AvoidanceThe noble Baroness makes very good points, and I will certainly take her ideas back to the Treasury. We also ought to acknowledge that a number of senior managers have announced…29 Apr 2020HANSARDTax AvoidanceI assure the noble Lord that all these things are continuously under review. As I mentioned briefly in the previous answer, we have introduced in days things that could often take…29 Apr 2020HANSARDTax AvoidanceI am sure that the noble Lord will contribute to the legislation when it comes through. I support his ideas. I assure noble Lords that we have closed the tax gap quite…29 Apr 2020HANSARDTax AvoidanceMy Lords, all the support that we have offered has been aimed at keeping businesses going and securing employment, mostly through the furlough scheme. While I take on board the…29 Apr 2020HANSARDTax AvoidanceMy Lords, the initiatives introduced by the Government to address the economic impact of Covid-19 are designed to support businesses that contribute to the UK economy. Since 2010,…29 Apr 2020HANSARDEconomy: UpdateI will try to offer some reassurance to the noble Lord. The most important thing to say is that the Chancellor has demonstrated enormous flexibility and dexterity over the weeks…28 Apr 2020HANSARDEconomy: UpdateMy noble friend makes a very good point. It is certainly an idea that I will take back to the Treasury for further discussion. We issued war loans in both of the last world wars…28 Apr 2020HANSARDEconomy: UpdateI thank the noble Baroness. On insurance, I did not hear my noble friend Lord Callanan’s response, so I do not want to conflict with what he may have said, but the key thing here…28 Apr 2020HANSARDEconomy: UpdateI thank the noble Earl for his point; we discussed this in a Question last week. I know that in the Chancellor’s response yesterday, he said that he had been in touch with some of…28 Apr 2020HANSARDEconomy: UpdateI thank my noble friend for his question and I will certainly take it back to the Treasury. It is worth remembering that the combination of the EIS, SEIS and VC schemes are pretty…28 Apr 2020HANSARDEconomy: UpdateI thank the noble Lord for his question and indeed for his perspicacity in the statements he made on 18 March, and on them becoming policy very shortly afterwards. In that light,…28 Apr 2020HANSARDEconomy: UpdateI share my noble friend’s concern for these particular sectors, and I understand absolutely where she is coming from. It is worth reiterating the specific support which has…28 Apr 2020HANSARDEconomy: UpdateThe noble Baroness is right to say that universities play an extremely important part both in our society and in our economy, but it is worth reassuring her that they are eligible…28 Apr 2020HANSARDEconomy: UpdateThe noble Lord is a little harsh on the banks. I accept that there was some bad practice in the lead-up to the crash 12 years ago, but there have been dramatic changes in…28 Apr 2020HANSARDEconomy: UpdateI thank the noble Lord. Yes, I absolutely agree that the greening of the economy remains an absolute cornerstone of the future. It is worth remembering that we have done a lot…28 Apr 2020HANSARDEconomy: UpdateI take on board the noble Lord’s point. Comparisons with other countries need to be done carefully so that one is comparing apples with apples. For example, the Swiss have not…28 Apr 2020HANSARDEconomy: UpdateMy Lords, I do not have that figure as I do not believe that that calculation has been made yet. It will depend very much on the timing and speed of exiting lockdown. The sooner…28 Apr 2020HANSARDEconomy: UpdateThe noble Lord broke up a little. I think I got the—28 Apr 2020HANSARDEconomy: UpdateI assure the noble Lord that we are looking at all options. He makes a good point about the shortage of doctors. As the Chancellor has repeatedly said, we will give the NHS all…28 Apr 2020HANSARDEconomy: UpdateThe noble Baroness is right; we face a very uncertain few months and we do not honestly know how businesses will react as we come out of furlough and lockdown. We are looking at…28 Apr 2020