Contributions
1,239 recent contributions in Hansard
HANSARDDormant Assets Bill [ Lords ] (First sitting)In recognition of Reclaim Fund Ltd’s new status as an NDPB of the Treasury, clause 27 enables the Treasury to provide a loan to RFL or any authorised reclaim fund that may be…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)In the light of the Reclaim Fund’s establishment as an NDPB, it is no longer appropriate for RFL’s activities to be covered by the financial services compensation scheme. Clause…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)The hon. Gentleman is correct. The Treasury loan replaced the protection established through clause 27 of the Bill, which RFL can use if it becomes, or is likely to become, unable…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)I thank the hon. Members for Pontypridd and for Manchester, Withington for tabling amendment 5. I hope to be able to reassure them that the Bill, as introduced, already broadly…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)I beg to move amendment 1, in clause 29, page 22, line 12, leave out subsections (2) to (4). This amendment removes provisions relating to community wealth funds that were added…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)I acknowledge the support expressed by many in the House for using the English portion of dormant assets funding to support, through community wealth funds, the left-behind…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)As I mentioned earlier, this may be an area where we share the intent and end goals but disagree, albeit slightly, on the route by which we get there. I hear what the right hon.…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)I thank the hon. Member for Manchester, Withington for the amendment and his contributions to the debate so far. As numerous reports are already conducted on the distribution of…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)Clause 30 provides that the Secretary of State must review and report on various aspects of the dormant assets scheme on an ongoing basis. That will ensure momentum for further…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)Clause 31 makes further provisions about the regulation-making powers in the Bill. I therefore commend it to the Committee. Question put and agreed to. Clause 31 accordingly…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)Clause 32 sets out the provisions in the 2008 Act that are repealed by the Bill. It introduces schedule 1, which makes minor and consequential amendments as a result of the Bill.…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)Clause 33 introduces schedule 2, which presents a table listing various terms defined or explained in the Bill and the sections in which they are set out. I therefore commend…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)I beg to move amendment 2, in clause 34, page 26, line 3, leave out subsection (8). Clause 34 sets out various final provisions, such as the geographic extent of the Bill, when…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)New clause 1 requires the Secretary of State to make an assessment of the health and governance of authorised reclaim funds and to report the assessment to Parliament annually. As…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)I have nothing more to add.11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)To allow sufficient time for my official to provide me with a direct response to the hon. Gentleman’s response, I will comment briefly on this area. I understand the intent of the…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)Yes, Ms Ghani. In terms of the distribution of funding, as I think we discussed earlier, Scotland has flexibility, and flexibility is changing for England. As I understand it, the…11 Jan 2022HANSARDDormant Assets Bill [ Lords ] (First sitting)Briefly, Ms Ghani, may I thank you, the Clerks and officials for all your work on the Bill, as well as all colleagues across the House and in the other place for their…11 Jan 2022HANSARDCovid-19 Plan B: Tourism IndustryI thank my hon. Friend for raising the vital tourism sector. He is right that some of the new rules, including the guidance to work from home, can be difficult for the tourism…06 Jan 2022HANSARDTopical QuestionsI congratulate my hon. Friend’s constituents on organising what sounds like an incredibly successful event. He and I know just how important sport and physical activity is for our…06 Jan 2022