Contributions
1,533 recent contributions in Hansard
HANSARDNatWest: Account Terminations and Branch ClosuresMy Lords, the average house in the UK now costs nine times average earnings—the most expensive ratio since 1876. Living standards are seeing their biggest ever fall and families…10 Jan 2024HANSARDHMRC: Tax ReturnsMy Lords, the Government’s decision to freeze national insurance and income tax thresholds for six years will cost taxpayers an additional £45 billion, equivalent to a 10…10 Jan 2024HANSARDMoney Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No. 2) RegulationsMy Lords, I am grateful to the Minister for introducing the latest iteration of the list of high-risk countries from the Financial Action Task Force. As she outlined, this is a…10 Jan 2024HANSARDData Reporting Services Regulations 2023My Lords, I am grateful to the Minister for introducing these two grouped SIs, both of which we support. The Explanatory Memoranda accompanying these regulations note that the…10 Jan 2024HANSARDFinancial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023My Lords, overall, we agree with these regulations. When the first of these two grouped SIs was debated in the House of Commons, my honourable friend Tulip Siddiq, the shadow…13 Dec 2023HANSARDFinancial Stability: Private Equity FirmsMy Lords, the Bank of England has recently warned of the risks to financial stability posed by artificial intelligence and machine learning, with the bank’s Financial Policy…13 Dec 2023HANSARDFinancial Services and Markets Act 2000 (Financial Promotion) (Amendment) (No. 2) Order 2023My Lords, we agree with these regulations, but I will ask the Minister just one question, which follows on from the final question of the noble Lord, Lord Sharkey. As the Minister…13 Dec 2023HANSARDNational Insurance Contributions (Reduction in Rates) BillMy Lords, the Labour Party supports this Bill, and we welcome the cuts in national insurance that it contains. We have long argued that taxes on working people are too high, and…12 Dec 2023HANSARDBanking HubsMy Lords, the latest figures from the British Retail Consortium show that shopping with cash has risen for the first time in a decade, as household budgets are increasingly…11 Dec 2023HANSARDPayment and Electronic Money Institution Insolvency (Amendment) Regulations 2023My Lords, we also support these regulations. I would like to ask the Minister a couple of questions. First, on how the FCA’s significantly expanded remit will be delivered in…06 Dec 2023HANSARDAutumn Statement 2023My Lords, I join others in welcoming the noble Baroness to her new role. It is a privilege to take part in today’s debate, and a pleasure to hear contributions from so many…29 Nov 2023HANSARDDestitution: Low Median WageMy Lords, I join others in again welcoming the noble Baroness to her new role. Yesterday’s Autumn Statement saw growth down and inflation up every year for the next three years,…23 Nov 2023HANSARDResolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023As the Explanatory Memoranda accompanying these two SIs note, the current CCP regime was implemented around a decade ago, in part as a response to the global financial crisis. The…20 Nov 2023HANSARDResolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023My Lords, I begin by warmly welcoming the Minister to her new role. I very much look forward to working with her in the months ahead.20 Nov 2023HANSARDAuthorised Push Payment Fraud Performance ReportMy Lords, the latest data from the Payment Systems Regulator shows that instances of payment card and remote banking fraud have fallen by 9% and 29% respectively, driven by…14 Nov 2023HANSARDAlternative Investment Fund Managers Regulations 2013My Lords, the primary duty of the FCA is to deliver stability, but the noble Baroness, Lady Altmann, raising this issue today is not the first time that concerns have been raised…13 Nov 2023HANSARDKing’s SpeechMy Lords, the King’s Speech promised to “strengthen our economy” and “put the country on a better path”. Such measures would indeed be welcome. The country is ready for change.…13 Nov 2023HANSARDHome Office: ODA-funded SupportMy Lords, we are all familiar with the Government’s decision to purchase the “Bibby Stockholm” barge and to move asylum seekers on to it even though it was not fit for habitation.…05 Sept 2023HANSARDBank AccountsMy Lords, access to financial services should of course never be determined by a person’s political views, but just as those with assets of £1 million should not unduly be denied…19 Jul 2023HANSARDConsumer Rights Act 2015 (Enforcement) (Amendment) Order 2023My Lords, we support this measure. I shall reiterate a couple of facts mentioned by the Minister. Smoking is the biggest cause of preventable death in the UK. It accounts for some…12 Jul 2023