Contributions
2,186 recent contributions in Hansard
HANSARDSubsidy Control Bill (Sixth sitting)Clause 43 enables public authorities to award subsidies to compensate for the damage caused by a specified natural disaster or other exceptional occurrence without having to apply…02 Nov 2021HANSARDSubsidy Control Bill (Sixth sitting)Clearly, the notice has to be laid in Parliament, and I hope that I explained in my letter to the hon. Member exactly what that means. Clearly, we will also publish that on the…02 Nov 2021HANSARDSubsidy Control Bill (Sixth sitting)Amendment 1 clarifies that the transparency requirements in chapter 3 of part 2 of the Bill will apply to subsidy awards that are given after the Bill comes into force, but that…02 Nov 2021HANSARDSubsidy Control Bill (Sixth sitting)In answer to the hon. Member for Aberdeen North, national security is a term with a long history in domestic legislation. It covers no more than is required to safeguard the UK’s…02 Nov 2021HANSARDSubsidy Control Bill (Sixth sitting)Clause 46 sets out that activities conducted by or on behalf of the Bank of England in pursuit of monetary policy are not subject to the subsidy control regime. Measures…02 Nov 2021HANSARDSubsidy Control Bill (Sixth sitting)Clause 47 provides Her Majesty’s Treasury with the power to give financial stability directions that set aside one or more of the subsidy control requirements for specified…02 Nov 2021HANSARDSubsidy Control Bill (Fourth sitting)Clearly, we want to make sure that the regulations go through due parliamentary process and that colleagues have plenty of time to see them, discuss them and scrutinise them. That…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)It is a pleasure to serve under your chairmanship, Mr Sharma. Clause 1 provides an overview of what each part of the Subsidy Control Bill will cover and establishes its…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)Clause 2 is the cornerstone of the new subsidy control regime. It sets out the definition of a subsidy for the purposes of the Bill, and it is a fall-in test, so to be a subsidy,…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)Largely, the definition of subsidies in the clause has been designed to be consistent with international obligations, especially those arising from the trade and co-operation…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)Clause 3 establishes that financial assistance should not be considered to confer an economic advantage if it could reasonably have been provided on market terms. It is a small…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)The domestic subsidy control regime in its entirety is a bare-bones framework. It empowers public authorities in the UK to design subsidies and other policy interventions,…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)The clause establishes the definition of “enterprise” for the purposes of the Bill. Under the new regime, an enterprise is any person or group of persons under common ownership or…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)Clearly, anybody giving a subsidy, be they the UK Government, the devolved Administrations or a public authority, would need to keep their own internal audits in case of…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)The purpose of clause 4 is to elaborate on the circumstances in which financial assistance is not considered to be specific where it benefits one or more enterprises over others…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)Absolutely. First of all, the guidance will give advice on the application of provisions, including the duty to consider and act consistently with the subsidy control principles.…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)The clause establishes a more specific competition test to determine whether financial assistance for air carriers providing air transport services is a subsidy for the purposes…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)Clause 6 establishes the definition of the term “public authority” for the purposes of the Bill. It sets out the standard definition of a public authority, denoting a person who…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)If a person is not engaged in economic activity, they will not be defined as an enterprise. Generally speaking, a charity or community group is unlikely to carry out economic…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)I am very happy to respond. The provisions for subsidies given by Parliament, the Scottish Parliament, the Welsh Senedd and the Northern Ireland Assembly are set out in clause 78…28 Oct 2021