Contributions
1,533 recent contributions in Hansard
HANSARDGilt YieldsMy Lords, as is long-standing convention, the Government do not comment on specific financial market movements. Gilt yields are determined by a wide range of international and…02 Sept 2025HANSARDFinancial Services ReformMy noble friend sums up quite nicely the balance between rules and administration. We are maintaining many of the rules that were put in place, as I have tried to make clear this…23 Jul 2025HANSARDFinancial Services ReformI am grateful to my noble friend for his comments. He started his remarks on the reception for these reforms. I think there is quite a consensus that they are a sensible and…23 Jul 2025HANSARDFinancial Services ReformI am always grateful to hear from my noble friend on all these topics. I disagree with him, as always. He said that the 2008 reforms are being repealed. I cannot see anywhere in…23 Jul 2025HANSARDFinancial Services ReformAs the noble Earl says, the Bank of England has operational independence to achieve the inflation target set by the Government. We absolutely support it in the work that it does…23 Jul 2025HANSARDFinancial Services ReformI am grateful to the noble Baroness for her contribution. There was a lot there. There was a crumb of truth in the things she said, but I certainly do not accept the…23 Jul 2025HANSARDFinancial Services ReformI am grateful to my noble friend for his question, and I pay tribute to his experience in the industry that he outlined. I do not agree with his view of the industry. I am…23 Jul 2025HANSARDFinancial Services ReformMy Lords, I am very grateful to the noble Baronesses, Lady Neville-Rolfe and Lady Kramer, for their questions and comments. I will do my best to address all the points they…23 Jul 2025HANSARDFinancial Services ReformI have already made it clear in previous answers that I disagree with that analysis. It is not at all how we see the financial services sector. How are people going to benefit? I…23 Jul 2025HANSARDTackling Unsustainable DebtThe noble Baroness is correct in saying that debt sustainability is the primary responsibility of borrowing countries, but I think lending countries such as the UK also have an…17 Jul 2025HANSARDTackling Unsustainable DebtI do not know the specific answer to the noble Lord’s question, I am afraid. I am very happy to write to him to fill that in. As I have said, the action we are taking at a…17 Jul 2025HANSARDTackling Unsustainable DebtMy noble friend Lady Chapman tells me that we are doing exactly as the right reverend Prelate seeks. I completely agree with him on the history of the Jubilee movement. The UK…17 Jul 2025HANSARDTackling Unsustainable DebtI absolutely agree with my noble friend and thank him for what he says. He and I were part of the last Labour Government who saw such historic action on debt relief, and I agree…17 Jul 2025HANSARDTackling Unsustainable DebtThat is exactly what our approach is designed to do. As I have said, multilateral action is the right way forward. The G20 common framework remains the best available tool for us…17 Jul 2025HANSARDTackling Unsustainable DebtI absolutely recognise what the noble Lord says. It is important to recognise that the debt relief Act was different in scope and scale. It targeted a small, ring-fenced amount of…17 Jul 2025HANSARDTackling Unsustainable DebtI am very grateful to my noble friend for her question and I pay tribute to her considerable expertise on these issues; I know she served as shadow Minister for Africa for several…17 Jul 2025HANSARDTackling Unsustainable DebtMy Lords, as set out in our manifesto, tackling unsustainable debt in low-income countries is a key development priority for this Government. We are working closely with partners…17 Jul 2025HANSARDTaxesThe noble Baroness has a rather selective memory: she seems to have forgotten about the last 14 years. But she is quite right that the most sustainable way to repair the public…15 Jul 2025HANSARDTaxesWe listen carefully to all Budget representations, but as I say, I will not speculate on the next Budget now.15 Jul 2025HANSARDTaxesA working person is someone who goes out to work. The Government have pledged not to increase taxes on working people. We stand by that, which is why we are not increasing their…15 Jul 2025