Contributions
1,533 recent contributions in Hansard
HANSARDUK Economy: Capital Gains TaxThe £22 billion black hole that was concealed by the previous Government. That will involve difficult decisions on spending, welfare and tax.09 Oct 2024HANSARDUK Economy: Capital Gains TaxObviously, I am happy to confirm that growth is our number one priority. That is exactly what the forthcoming Budget will be about: fixing the foundations of our economy so we can…09 Oct 2024HANSARDUK Economy: Capital Gains TaxAs set out in our manifesto, we are committed to not increase taxes on working people. This is why we will not increase their national insurance, the basic higher or additional…09 Oct 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]Yes, absolutely; I will very happily meet. I will write a letter setting this out in greater detail, provide the worked examples, and then perhaps we can meet on that basis.10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I hope I can address the concerns of the noble Baronesses, Lady Bowles and Lady Vere, and provide them with reassurances about the protections in place for depositors as…10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]As the noble Baroness said, we touched on this briefly in the first day of Committee. If it is okay with her, I will write to set out the precise way in which the mechanism would…10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I do not know whether this goes far enough for the noble Baroness but we absolutely intend, and would be clear, that we expect the same exact procedure to apply for this new…10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, the amendment tabled by the noble Baroness, Lady Noakes, focuses on the important theme of how the Bank of England is accountable to Parliament. As I have said in…10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I am about to write to the noble Lord, Lord Vaux, on the matter that he raises in his Amendment 17, following a commitment that I gave on the first day in Committee. I…10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]In the letter I will write, we will set out exactly what would happen in the example that the noble Lord gives.10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, the amendment tabled by the noble Baroness, Lady Noakes, seeks to introduce a new objective into the special resolution regime. The new objective would state that the…10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I should state at the outset that the Government have no objections to the principle under discussion. Indeed, the Government have already stated publicly in our…10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I will write to the noble Baroness on that.10 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, in response to the amendment tabled by the noble Baroness, Lady Bowles, I reassure her that the Bill does not seek to introduce measures to bail out shareholders. I note…10 Sept 2024HANSARDBudget Responsibility BillMy Lords, it is a pleasure to close this debate on the Bill. I am grateful to all noble Lords for their contributions and questions. As promised in our manifesto, we will support…09 Sept 2024HANSARDBudget Responsibility BillThat the Bill be now read a second time.09 Sept 2024HANSARDBudget Responsibility BillMy Lords, at the general election, our manifesto made it clear that sustained economic growth is the only route to improving the prosperity of our country, raising living…09 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I am grateful to all noble Lords for taking part in this debate on the first group of amendments. I note that the scope of the mechanism is a key and central issue, both…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I fully understand the substantial focus on the reporting requirements that will apply when the new mechanism is used. I shall start by addressing Amendment 12 on this…05 Sept 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]I do not have anything further to add to what I said.05 Sept 2024