Contributions
1,533 recent contributions in Hansard
HANSARDFinancial Services (Overseas Recognition Regime Designations) Regulations 2025My Lords, I am grateful to both noble Baronesses for their detailed comments and scrutiny, as well as for their support for this secondary legislation. The noble Baroness, Lady…17 Sept 2025HANSARDFinancial Services (Overseas Recognition Regime Designations) Regulations 2025My Lords, the regulations before the Committee today will help ensure the effective operation of overseas recognition regimes. Specifically, they provide the Treasury with the…17 Sept 2025HANSARDFinancial Services (Overseas Recognition Regime Designations) Regulations 2025That the Grand Committee do consider the Financial Services (Overseas Recognition Regime Designations) Regulations 2025.17 Sept 2025HANSARDMaking Tax DigitalWe have an extensive growth agenda, not least in the Planning and Infrastructure Bill that we talked about yesterday, and I hope all noble Lords will help that to move swiftly…17 Sept 2025HANSARDMaking Tax DigitalIt may surprise the noble Baroness to hear that I absolutely agree. As part of our regulation action plan, we committed to reducing the regulatory burden on businesses by 25%. We…17 Sept 2025HANSARDMaking Tax DigitalMy noble friend makes an important point; the tax gap is a significant issue. Small businesses account for some 60% of that tax gap, much of which comes from unintended errors.…17 Sept 2025HANSARDMaking Tax DigitalI reassure the noble Lord that I absolutely understand that. I recently answered a Written Question on this exact point, so I am more than happy to share with the noble Lord the…17 Sept 2025HANSARDMaking Tax DigitalI am grateful to the noble Lord for his question. I of course remember my time on the Economic Affairs Committee, and I was privileged to serve when he was the chair of that…17 Sept 2025HANSARDMaking Tax DigitalYes.17 Sept 2025HANSARDMaking Tax DigitalIf I may, I disagree with the premise of the noble Baroness’s question. Making Tax Digital is about increasing productivity for businesses and helping HMRC close the tax gap,…17 Sept 2025HANSARDMaking Tax DigitalI am grateful to my noble friend for his question. HMRC has taken a range of steps to ensure that the adoption costs of Making Tax Digital are kept to a minimum, including working…17 Sept 2025HANSARDMaking Tax DigitalMy Lords, from April 2026, Making Tax Digital for income tax will be phased in for unincorporated businesses, self-employed individuals and landlords, starting with those with…17 Sept 2025HANSARDMaking Tax DigitalIt is not for me to comment on the tax affairs of any one individual.17 Sept 2025HANSARDEconomic GrowthMy Lords, UK GDP grew by 0.2% in the three months to July 2025, following an increase of 0.3% in the three months to June. Overall, the economy grew by 1% in the first half of…16 Sept 2025HANSARDEconomic GrowthI am very grateful to the noble Lord for his question and for his thoughts on growing the economy. After his success in advocating for a Brexit deal that reduced GDP by 4%, it is…16 Sept 2025HANSARDEconomic GrowthMy noble friend is absolutely right. The last Conservative Government saw historic mistakes made over austerity, the Brexit deal and the Liz Truss mini-Budget. The consequences of…16 Sept 2025HANSARDEconomic GrowthI do not think the noble Lord’s comments about the planning Bill would stand up to a moment’s scrutiny in the outside world. In answer to his specific question, GDP per capita is…16 Sept 2025HANSARDEconomic GrowthThe noble Lord referred to “our” policies. I am pleased that he agrees with our policies. Absolutely, we are committed to delivering net zero in the way that we have set out.16 Sept 2025HANSARDEconomic GrowthI certainly agree with the first half of my noble friend’s question. It is important to restate that the UK is the fastest-growing economy in the G7. The economy grew by 1% in the…16 Sept 2025HANSARDEconomic GrowthIt is a welcome return for the noble Lord and a pleasure to be asked a question by him again after a somewhat lengthy absence. The answer to his question is no. We heard from the…16 Sept 2025