Contributions
802 recent contributions in Hansard
HANSARDLeasehold and Freehold Reform Bill (Fourth sitting)Q I have one final question, if I may. I know it is not quite at a stroke, because I think it is when they come up, but is there any way of mitigating? It seems to me that when…18 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Fourth sitting)Oh, it is much wider than that. James Vitali: Indeed. I think a balancing act needs to be struck in this Bill between spreading genuine property rights more widely and…18 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Fourth sitting)Exactly.18 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Fourth sitting)Very good. Does anyone else want to come in? I had another question, unless we have no more time.18 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Fourth sitting)Q Our previous witness, Mr Vitali, talked about potential concerns about the effect of regulation on people’s understanding of property rights. Do you have any significant…18 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Fourth sitting)On a point of order, Dame Caroline. I am wondering whether my colleague, Mr Gardiner, is getting to a question rather than just expressing a view.18 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Fourth sitting)Q Perhaps Mr Gardiner will call a point of order on me. I have been talking about this transfer of value. There are non-monetised here, but there is £1.9 billion of transfer. I…18 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Fourth sitting)Q So just to be clear, as the Committee considers this Bill, including what may come from subsequent secondary legislation, it is not £1.9 billion of transfer, but £1.9 billion…18 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Fourth sitting)Exactly—you have added them all up. I just did the first section. Jack Spearman: Indeed.18 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Fourth sitting)But a bit like an iceberg, the transfer of wealth from group A to group B is somewhere else; it is not here in the impact assessment. Jack Spearman: Agreed. Also, in terms of the…18 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Fourth sitting)Q Can I ask you about the discount rates that are used? We have the deferment rate and the capitalisation rate. Those will be determined in secondary legislation as well. Do you…18 Jan 2024HANSARDDraft Public Offers and Admissions to Trading Regulations 2023
Draft Securitisation Regulations 2023
Draft Financial Services Act 2021 (Overseas Funds Regime and Recognition of Parts of Schemes) (Amendment and Modification) Regulations 2024
Draft Data Reporting Services Regulations 2023I want to follow up on the comment from my right hon. Friend the Member for East Yorkshire on the role of the FCA. The Minister will be aware of the concerns of Members on the…17 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)Q You will be aware that impact assessments are required now for all legislation, very helpfully. Professor Leunig: Indeed, yes. It’s a very long one, by the look of it.16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)Q That is helpful. What is your instinct? Most of this is about removing marriage value payments. In your understanding, what would you expect the geographic distribution of that…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (First sitting)Q However, I think you have given some view about how you think it should be assessed. Amanda Gourlay: I think it should be assessed on a sliding scale, to take account of the…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)Q It is, and it seems very expensive legislation. Do you agree with that? Professor Leunig: Yes.16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (Second sitting)Q Can we talk a little about discount rates? I think there are two, but there may be more. There is the capitalisation rate and the deferment rate. Could you explain how, if at…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (First sitting)Q On the change in pension funds and investments, you may have different views about how important that is and my colleague asked you that question. However, putting yourself in…16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (First sitting)Q I cannot remember whether it was you, Jo, or Kate—if I may call you by your first names—who works in a pension fund. Jo Derbyshire : I work in a pension fund.16 Jan 2024HANSARDLeasehold and Freehold Reform Bill (First sitting)Q The other part is that bringing a lot of this together will mean that the first-tier tribunal has a lot more work. Do you think that people may want to get justice, but that it…16 Jan 2024