Contributions
2,186 recent contributions in Hansard
HANSARDSubsidy Control Bill (Third sitting)Clause 9 establishes that the subsidy control principles are set out in schedule 1 to the Bill, and that the further principles for public authorities awarding energy and…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 (Third sitting)It will set that out in guidance. The hon. Member for Feltham and Heston talked about the evidence session, and Guildford got quite a bad rap, having come up a couple of times as…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)In terms of levelling up, it has been designed to provide a bespoke and dynamic framework. It allows public authorities to deliver bespoke subsidies that are tailored to their…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)Let me answer that point before I speak to amendment 7. The two schedules and the additional principles are there literally just to adhere to our international obligations. Hon.…28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)Essentially, the framework and the clause minimise, but cannot eliminate, distortion. That is the purpose of the Bill.28 Oct 2021HANSARDSubsidy Control Bill (Third sitting)My hon. Friend makes a good point. The Bill weighs up the benefits versus the disadvantages, and minimises rather than eliminates distortion—we cannot eliminate distortion. We…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)Streamlined subsidy schemes have an important role to play in supporting public authorities to deliver well-designed subsidies: subsidies that address market failures but minimise…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)The streamlined schemes are not effectively the most commonly used ones. They are few and far between. The schemes will be far more tailored. They do very similar things and…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)The spirit is certainly there, but I do not want to bind future Administrations to a requirement to respond in emergency situations.28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)As we have heard, the Government intend streamlined subsidy schemes to be a pragmatic means of establishing schemes for commonly awarded subsidies. That includes subsidies in…28 Oct 2021HANSARDSubsidy Control Bill (Fourth sitting)I am grateful to the hon. Member. It is important that we continue to talk about this issue, so I am happy to discuss it further.28 Oct 2021HANSARDCorporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 10) (No. 2) Regulations 2021Not in terms of the court cases themselves, but it is about the issuing of winding up. If someone starts issuing demands and then winding-up petitions, that blows a hole in the…27 Oct 2021HANSARDCorporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 10) (No. 2) Regulations 2021I thank my hon. Friend for that. He is right, and he brings his own business experience to bear here. With these balanced and proportionate measures we are reiterating and…27 Oct 2021HANSARDCorporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 10) (No. 2) Regulations 2021It is difficult to assess that at the moment. We believe that it has helped companies to get through this process, but we are not able at the moment to ascertain an accurate…27 Oct 2021HANSARDCorporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 10) (No. 2) Regulations 2021These are an extension of the existing provisions, which are specifically for covid-related debts. The third and final criterion is that a company winding-up petition cannot be…27 Oct 2021HANSARDCorporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 10) (No. 2) Regulations 2021I do not want to pre-empt deliberations on this, but if a business has been closed and is unable to trade, that would be more likely to be eligible. However, the commercial debt…27 Oct 2021HANSARDCorporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 10) (No. 2) Regulations 2021It is a pleasure to serve under your chairmanship, Mrs Huq. I beg to move that the Committee approves the Corporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of…27 Oct 2021HANSARDCorporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 10) (No. 2) Regulations 2021I thank hon. Members for their interesting and valuable contributions to the debate. Forgive me, Dr Huq, for not using your correct nomenclature earlier. We have been helping…27 Oct 2021HANSARDCorporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 10) (No. 2) Regulations 2021The hon. Gentleman says that we are not, and that is fine, but I want to be able to go back to businesses and say that we are four-square behind them in helping them through the…27 Oct 2021