Contributions
2,186 recent contributions in Hansard
HANSARDSubsidy Control Bill (Fourth sitting)This clause defines the meaning of “insurance company” for the purposes of clauses 19 to 24 of this Bill. The clause also makes it clear that the meaning of “insurance company”…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)This clause permits subsidies to be given to insurers that provide export credit insurance where two conditions are met. Subsidies that do not meet these conditions are…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)As we have heard, amendment 6 seeks to include areas of deprivation as an example of the equity rationale that may be addressed through subsidies. Firstly, I would like to use…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)What I was saying was that streamlined subsidy schemes do not need to be UK-wide. We are not putting that on the face of the Bill. They work best and are more effective when they…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)If the Committee will bear with me—28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)Obviously, the Government welcome the devolved Administrations’ ongoing interest in the Bill, and we continue to engage with them on a regular basis. In coming up with this…28 Oct 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 (Fourth sitting)Absolutely. I was going to say that the interested party can, obviously, make a challenge—commence a judicial review of the decision. The duty to consider and act consistently…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)The notes for clause 15 stand part are not in my pack but fortunately, because of technology, which does not require a subsidy, I can tell the Committee that the clause prohibits…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)As I said, the clause ensures that we continue to comply with our international obligations, which have included those prohibitions on unlimited guarantees for many years.…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)We are back to old-fashioned analogue for this part of the Bill Committee. The clause prohibits subsidies that are contingent, whether in law or in fact, on export performance. It…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)The regenerative example that I gave would fit, but it will be fleshed out in guidance. Let me come to freeports quickly, because that issue complies with the principles and…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)I said that the clause does not prevent local authorities from offering subsidies to support regeneration. None the less, we will supply more support through guidance, because we…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)As Minister for London, I do not think that this is aimed at the good people of Mayfair. We do not want to prevent levelling-up subsidies that attract investment to disadvantaged…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)The clause sets out specific conditions for subsidies that are for the purpose of supporting liquidity provisions to ailing or insolvent deposit takers or insurance companies.28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)The clause defines “ailing or insolvent” in relation to the giving of rescue and recovery subsidies to deposit takers, insurance companies and enterprises. The definition of…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)The Bill is clear that an ailing or insolvent enterprise is one that would almost go out of business in the short to medium term without subsidies. Importantly, this definition…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)The clause sets out the requirements for giving subsidies for services of public economic interest.28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)The clause sets out how the prohibitions and other requirements in this chapter apply in relation to subsidy schemes. It ensures that public authorities cannot evade those…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)Clause 31 prohibits a subsidy or scheme that a public authority has failed to properly refer to the subsidy advice unit, or which has been given or made before the referral…28 Oct 2021