Contributions
1,533 recent contributions in Hansard
HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, with the leave of the House, I will also speak to Amendment 2. I would like to thank noble Lords for their continued interest and engagement in this important…12 May 2025HANSARDBank Resolution (Recapitalisation) Bill [HL]That this House do agree with the Commons in their Amendment 1.12 May 2025HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I again thank all noble Lords for their efforts on the Bill since July last year, and all noble Lords who have spoken in this brief debate today. I am also grateful to…12 May 2025HANSARDInheritance Tax: Impact on Rural BusinessesIt is worth saying that the Government are investing £5 billion across this year and next year to support the transition to a more sustainable and productive sector, including the…01 May 2025HANSARDInheritance Tax: Impact on Rural BusinessesIt is incredibly important that the decisions we take make the tax system fairer and more sustainable, and I believe that is absolutely what we are doing. Despite a very tough…01 May 2025HANSARDInheritance Tax: Impact on Rural BusinessesI am grateful to the right reverend Prelate for his question and I pay tribute to the work that he is doing with the communities that he is discussing. The Government believe that…01 May 2025HANSARDInheritance Tax: Impact on Rural BusinessesI am grateful to the noble and learned Baroness for her question. As I say, individuals will benefit from 100% relief for the first £1 million of combined business and…01 May 2025HANSARDInheritance Tax: Impact on Rural BusinessesI am grateful to the noble Baroness for her question. I fully recognise that she has a great deal of expertise in this area and I pay tribute to the work that she has done,…01 May 2025HANSARDInheritance Tax: Impact on Rural BusinessesI am grateful to the noble Baroness for her question. As she may know, as is standard practice, we will publish a tax information impact note alongside the draft legislation…01 May 2025HANSARDInheritance Tax: Impact on Rural BusinessesNo. The analysis undertaken by CBI Economics is not robust nor representative. It is based on a self-selecting survey from members of groups campaigning against these reforms. The…01 May 2025HANSARDInheritance Tax: Impact on Rural BusinessesMy Lords, the Government have taken difficult decisions on welfare spending and on tax necessary to repair the public finances and rebuild public services. This includes measures…01 May 2025HANSARDTax: ChangesNo, we are not. The UK’s main rate of capital gains tax is lower than in any other European G7 country, as is our corporation tax rate. Our new residence-based regime is simpler…29 Apr 2025HANSARDTax: ChangesNo is the answer. The noble Baroness says that taxes should rise or spending should be cut. I ask her the same question: she says repeatedly that we are raising the wrong taxes,…29 Apr 2025HANSARDTax: ChangesI agree with my noble friend that it is important to look at inequality right across the tax system and across our society. This Government are of course committed to reducing…29 Apr 2025HANSARDTax: ChangesI do not agree with the substantive bulk of the noble Lord’s question. He mentions the capital gains tax figures. The latest outturn data for capital gains tax relates mainly to…29 Apr 2025HANSARDTax: ChangesThe noble Baroness will know that the OBR has not included an assessment of that Bill in its latest forecast, because it has not yet progressed through Parliament.29 Apr 2025HANSARDTax: ChangesI remember the “citizens of nowhere” comment that the noble Lord refers to. I think that, like much of what the previous Government did, it was not an encouraging thing to say.…29 Apr 2025HANSARDTax: ChangesMy Lords, the OBR has certified that the non-dom reforms the Government have implemented will raise £33.8 billion in total revenue over the five-year forecast period. That figure…29 Apr 2025HANSARDTax: ChangesI absolutely understand the point the noble Baroness is making, but I do not necessarily agree that it is driving out the people she describes. I completely understand her point,…29 Apr 2025HANSARDTax: ChangesAs my noble friend will know, the UK’s approach to wealth through taxes on capital gains and inheritance generates substantial revenue for the Government and is on a par with…29 Apr 2025