Contributions
145 recent contributions in Hansard
HANSARDNational Insurance Contributions (Secondary Class 1 Contributions) BillOkay, let us say that we do not have this measure at all. Is the noble Lord going to cover the expenditure by borrowing or is he not going to spend on the health service, care…21 Jan 2025HANSARDNational Insurance Contributions (Secondary Class 1 Contributions) BillWhen the noble Lord, Lord Forsyth, raised the issue of our meeting in Grand Committee—when the proposal was being discussed—and argued that votes could not be taken, I intervened…21 Jan 2025HANSARDNational Insurance Contributions (Secondary Class 1 Contributions) BillI agree, but adding more exemptions is adding to the pile. What we desperately need is a reform of our tax system that removes exemptions and forces Governments to make policy by…21 Jan 2025HANSARDSterling: Rise in Yields on 30-year GiltsMy Lords, the House will be aware that this country has an outstanding Chancellor of the Exchequer at the moment. However, will the Minister enlighten me as to what influence she…14 Jan 2025HANSARDNational Insurance Contributions (Secondary Class 1 Contributions) BillThe noble Lord, Lord Forsyth, suggested just now that it would not be possible to vote in Grand Committee. He is in error. I know that because I led for the Opposition on an…08 Jan 2025HANSARDNational Insurance Contributions (Secondary Class 1 Contributions) BillMy Lords, consideration of the Bill poses two serious economic questions. Regrettably, as one might have anticipated, neither was addressed by the noble Baroness speaking from the…06 Jan 2025HANSARDAutumn Budget 2024My Lords, the challenge faced by the Chancellor was to change the economy and to achieve a decent rate of equitable growth after 14 years of economic neglect and rising…11 Nov 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, my colleagues from the Financial Services Regulation Committee are rather confused on two issues; that is very unusual, but they do seem to be. First, there is the idea…04 Nov 2024HANSARDBudget: Taxes and BorrowingMy Lords, the noble Lords opposite have some difficulty in understanding the arithmetic of coming through the black hole of £22 billion. Even if they cannot do the arithmetic,…04 Nov 2024HANSARDFiscal RulesMy Lords, does the noble Lord agree that the noble Baroness, Lady Vere, is quite wrong when she suggests that the Chancellor has just announced her change in fiscal rules? They…29 Oct 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I should like to pick up on the request for detail put forward by the noble Baroness, Lady Noakes. I am concerned that the powers that the Bank of England has to act in an…10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, perhaps I might suggest that it would be wise of the Minister, if I may be so bold, to look warmly on the amendment. Discussions around the accountability issue were a…10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I was rather enjoying being characterised as an old-fashioned central banker, until the noble Baroness, Lady Bowles, attributed to me to me the idea that selecting from…10 Sept 2024HANSARDBudget Responsibility BillMy Lords, the OBR was created by George Osborne to “remove the temptation to fiddle the figures”. An entirely non-political evaluation of major fiscal measures was certainly a…09 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, my Amendment 11 also—I think rather neatly—confines the Bill to what are defined as small banks. However, my concern is somewhat different from those voiced by noble…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I am somewhat puzzled by the amendment in the name of the noble Baroness, Lady Noakes, in this case. Surely, under the Basel accord, the UK regulator is responsible for…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, the introduction of the resolution regime in the Banking Act 2009, and the subsequent development of living wills in which large banks are required to produce plans for…30 Jul 2024HANSARDPublic Spending: InheritanceMy Lords, with respect to the details revealed in the Chancellor’s statement yesterday, on some of which the noble Baroness, Lady Penn, casts some doubt, has the Minister noticed…30 Jul 2024HANSARDKing’s Speech (4th Day)My Lords, as we learned from the gracious Speech, Labour’s plan for growth will be buttressed by the new Budget Responsibility Bill, ensuring that all significant tax and spending…22 Jul 2024HANSARDSpring Budget 2024My Lords, debating the Budget Statement carries a great temptation to focus on the short term—on immediate tax and spend decisions—but today we can avoid often misleading…18 Mar 2024