Contributions
449 recent contributions in Hansard
HANSARDFinance (No. 2) Bill (Second sitting)Again, I welcome the shadow Minister’s support for these measures. However, he is absolutely wrong to suggest that these measures and the broader package will discourage foreign…27 Jan 2026HANSARDGovernment-backed Loans: SMEsThe hon. Member may well know that, at the spending review, we increased the financial capacity of the British Business Bank to £25.6 billion. There are a number of ways in which…27 Jan 2026HANSARDGovernment-backed Loans: SMEsMy hon. Friend is a tireless champion of businesses in Bassetlaw, and I wish her a happy birthday for yesterday. In the recent spending review, the Government extended the growth…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)A criticism of complexity has been made. The aim of these reforms is, of course, simplicity. I think it is recognised across the House that in matters of taxation, simplicity is…27 Jan 2026HANSARDGovernment-backed Loans: SMEsIt is absolutely right that we have increased the amount of funding going into the National Wealth Fund. On my hon. Friend’s specific question, my understanding is that we have…27 Jan 2026HANSARDTopical QuestionsThe hon. Member has referred to the motor finance redress situation. As the House would expect, we are monitoring that very closely, and we want to see the issues resolved in an…27 Jan 2026HANSARDFTSE 100 IndexI can confirm that I am indeed hearing that. Last week’s introduction of the new prospectus rules will mean faster execution, reduced complexity and a simplified route to capital…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)I welcome the “hurrah” from the shadow Minister. On his latter point about double taxation treaties, as he will know, many of the agreements were negotiated before the…27 Jan 2026HANSARDFTSE 100 IndexIt is definitely right to say that the FTSE 100 performed strongly in 2025, during which it rose faster than key benchmarks, the United States and the European stock markets, and…27 Jan 2026HANSARDFinance (No. 2) Bill (First sitting)Clause 35 reduces the amount of capital gains tax relief available on disposal of company shares to the trustees of an employee ownership trust. The Government are committed to…27 Jan 2026HANSARDGovernment-backed Loans: SMEsOn the Government’s policies vis-à-vis businesses as a whole, we support the sort of businesses the hon. Member refers to in a whole range of ways. On businesses in his area, 80%…27 Jan 2026HANSARDFinance (No. 2) Bill (First sitting)I beg to move amendment 5, in clause 24, page 28, line 25, at end insert— “61Z2 Disclosures to liable persons (1) Subsection (2) applies where an officer of Revenue and Customs…27 Jan 2026HANSARDFinance (No. 2) Bill (First sitting)The Government delivered the regulatory framework for PISCES in May 2025, and the shadow Minister has, fairly, asked for an update. I am pleased to tell him that the Financial…27 Jan 2026HANSARDResearch and Development BondsMy hon. Friend raises an important point. This Government are investing an extra £29 billion in our national health service. I would be happy to meet him to discuss it further.27 Jan 2026HANSARDFinance (No. 2) Bill (First sitting)Clauses 25 to 27 provide for the Government to create a settlement opportunity in line with their response to the independent review of the loan charge, and to encourage those who…27 Jan 2026HANSARDFinance (No. 2) Bill (First sitting)I beg to move amendment 9, in clause 25, page 30, line 21, at end insert “, or (ii) a director or shadow director of such a person.” This amendment expands the persons to whom the…27 Jan 2026HANSARDFinance (No. 2) Bill (First sitting)The purpose of the review, as I think is well known, was to bring the matter to a close for those who had not yet settled and paid their loan charge liability to HMRC. That by its…27 Jan 2026HANSARDFinance (No. 2) Bill (First sitting)On the shadow Minister’s final question, I am afraid that I do not know what discussions have taken place with the organisation he referred to, but I can write to him and let him…27 Jan 2026HANSARDResearch and Development BondsI am grateful to the hon. Member for his question. Indeed, he and I have discussed this issue previously. We are due to meet to discuss it later this month, and I am very much…27 Jan 2026HANSARDFinance (No. 2) Bill (First sitting)Clause 28 will reduce the main rate writing-down allowance for corporation tax and income tax, and clause 29 introduces a new first-year allowance available for expenditure on…27 Jan 2026