Contributions
1,533 recent contributions in Hansard
HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I am grateful to noble Lords for their contributions today and, as I said previously, in Committee. As I said at the start of this debate, the purpose of the…04 Nov 2024HANSARDBudget: Taxes and BorrowingI cannot speak for those in the Conservative Party—and it does not seem that they can speak for themselves either right now. It is very unclear what they would do at all in…04 Nov 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, the amendment tabled by the noble Lord, Lord Vaux, seeks to give the Financial Services Compensation Scheme rights with respect to the recapitalisation payment, in the…04 Nov 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]04 Nov 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I start by noting that the Government fully understand the concerns raised by noble Lords regarding the objectives the Bank of England should adhere to when taking…04 Nov 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]04 Nov 2024HANSARDBudget: Taxes and BorrowingMy noble friend is absolutely right in what he says. We faced a £22 billion black hole at the heart of our public finances, which we had to take steps to address. We also faced…04 Nov 2024HANSARDBudget: Taxes and BorrowingThe noble Baroness is absolutely correct: we had to take some very difficult decisions on tax. We have acknowledged that the impacts of those measures will be felt beyond…04 Nov 2024HANSARDBudget: Taxes and BorrowingI can. We said exactly that in the Budget.04 Nov 2024HANSARDBudget: Taxes and BorrowingI absolutely agree with the importance of investment to the economy, which is why we have set out an investment rule which enables exactly that. The Government’s number one…04 Nov 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I am grateful to all noble Lords, and to my noble friend Lord Eatwell for the points that he made. The scope of firms in relation to which the mechanism can be applied…04 Nov 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]04 Nov 2024HANSARDBudget: Taxes and BorrowingOn inheritance tax, currently the largest estates pay a lower effective tax rate than the smaller estates. I do not think that that can be right. Agricultural property relief is…04 Nov 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]04 Nov 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, the amendment tabled by my noble friend Lord Sikka replicates the one he tabled in Committee. I hope that my noble friend will therefore forgive me for repeating some of…04 Nov 2024HANSARDBudget: Taxes and BorrowingI do not agree with that.04 Nov 2024HANSARDBudget: Taxes and BorrowingIt was £40 billion in taxes. The noble Viscount is right that growth was one of the biggest failures of the previous Government, and we are absolutely determined to turn that…04 Nov 2024HANSARDBudget: Taxes and BorrowingMy Lords, the Budget raises taxes by £40 billion as we repair the public finances and rebuild our public services. Borrowing falls from 4.5% of GDP this year to 2.1% of GDP by the…04 Nov 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, this large group includes a number of the Government’s proposed amendments to the Bill. I begin by responding to the amendment from the noble Lord, Lord Vaux, which is…04 Nov 2024HANSARDBudget: Taxes and BorrowingI 100% agree with my noble friend. It is incredibly striking that, in everything we have heard from the party opposite, not once has it apologised for the record we inherited. One…04 Nov 2024