Contributions
538 recent contributions in Hansard
HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)Yes. I am just going to wrap up, Mr Davies; thank you. We would not want to encourage a similar short-lived path for the UK Infrastructure Bank. To achieve its objectives, it…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)As I have hinted, Labour Members believe that the bank’s objectives need expanding. My hon. Friend the Member for Ealing North will speak later about the bank’s climate objective…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)I beg to move amendment 17, in clause 2, page 1, line 14, at end insert— “(c) to reduce economic inequalities within and between regions of the United Kingdom, and (d) to improve…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)Thank you, Mr Davies, for allowing me to speak on this matter. I fundamentally disagree with the Minister’s comments. The amendments that Labour put forward are reasonable. In…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)I thank the Minister for his comments. We agree that the legislation needs to be clear, but I think our approach is very different. I do not want to repeat what I have already…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)I thank the Minister for his explanation of the amendments. Clause 2(4) describes the activities of the bank, as the Minister explained, and sets out that in addition to funding…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)I thank the Minister for his explanation of the clause, which lays out the bank’s strategic priorities and plans. It is largely administrative and requires the Treasury to prepare…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)I appreciate the time that the Minister has given me to intervene on this point. He said that we do not always put things down in legislation, but that has been done already with…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)As the Minister highlighted, clause 5 concerns financial assistance to the bank and clause 6 concerns the bank’s annual accounts and reports. The Minister has already provided a…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)It is a pleasure, Mr Bone, to serve under your chairship. It is an honour to follow the hon. Member for North East Bedfordshire. As he has highlighted, we have come to a…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)I beg to move amendment 23, in clause 9, page 4, line 14, at end insert— “(c) the geographic spread of the businesses and bodies the Bank invests in, and (d) the ownership of the…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)The hon. Member asks an important question. I am sure that we agree that it is important to look at the geographical element of investments. This is not just a concern of…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)Open Democracy has done the research that the Government have not done to get that data. It spent significant time getting that data. It should not be left to organisations such…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)I have no further comments, other than to urge Members to support our sensible amendment, which I think would benefit all our constituents across the country. Question put, That…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)I thank the hon. Member for North East Bedfordshire for his comments. I will speak briefly to amendments 21 and 22. I share the hon. Member’s concerns, because the initial review…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)I thank the Minister for pointing out that we have come up with different intervals, but I remind him that, obviously, the Government did that as well. Initially, they were…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)The Minister is being generous with his time. I appreciate that he will take this matter away, but I remind him of the bank’s core function: to help us to meet our climate change…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)I am disappointed that the measures to strengthen clause 9 were not adopted. However, I welcome the fact that there will be reviews of the bank. Here and in the other place,…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)I beg to move, that the clause be read a Second time. New clause 1 supports amendment 23. It would require the bank to publish an annual report setting out the geographical spread…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)I am happy to do that, Mr Bone.22 Nov 2022