Contributions
802 recent contributions in Hansard
HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)Will the Minister give way?22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)One last time, Mr Bone. This group, including my amendments 15 and 16, relates to the timing and frequency of reports that will be provided. My amendments focus on the start of…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)I beg to move amendment 15, in clause 9, page 4, line 21, leave out from “Treasury” to end of line 22 and insert “12 months and the second report within 24 months of the day on…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)Are the Opposition concerned that investments and co-investments in projects in the UK will come through funds that may be held in offshore trusts, or is the concern that the bank…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)That is very helpful. With that assurance from the Minister, I am happy to withdraw my amendment. Amendment, by leave, withdrawn.22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)I appreciate the comments by the Opposition spokesperson and, of course, my hon. Friend the Minister. My concern about subsection (1)(b) is that the focus on the extent to which…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)I beg to move amendment 14, in clause 9, page 4, line 14, at end insert— “, and (c) the effectiveness and scale of private and other third-party capital attracted to investments…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)Could the hon. Gentleman clarify to whom the clause refers when it talks about workers? Is he referring to workers of the infrastructure bank, and is he calling for a board…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)Well, Mr Davies, I am sorely tempted to push this to a vote, notwithstanding the comments from my hon. Friend the Minister. I understand his point and would ask that in his…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)The right hon. Lady is right about the potential here; I think I heard her use the word “cronies”. That is the concern—that with so many places the board will end up being stuffed…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)No, I am not going to take an intervention. He just told me to sit down, but he can sit down while I finish making my speech.22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (Second sitting)I am looking expectantly across the room, but as I do not see any encouragement from Opposition Members, I beg to ask leave to withdraw the amendment. Amendment, by leave,…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)I am getting clear instructions from the Whip to be as brief as possible, so— [ Interruption. ] Not quite that brief. I draw hon. Members’ attention to clause 7(a). Clause 7…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)I beg to move amendment 12, clause 7, page 3, line 20, leave out “fourteen” and insert “eight”.22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)I do not mean to dwell too much on this issue, and I certainly do not want to irritate the Minister through my questioning, but I want to make the point that the skillsets…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)Can the Minister tell me whether the steer will include giving a bit more specificity to the UK Infrastructure Bank about where on the investment spectrum—emerging businesses,…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)I no longer wish to move amendment 11, because clause 2(6) has been removed.22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)Yes. I beg to ask leave to withdraw the amendment. Amendment, by leave, withdrawn .22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)My hon. Friend is right: not everything should be written into statute, but there ought to be more clarity. Can he provide a couple of points of clarity so that I may withdraw my…22 Nov 2022HANSARDUK Infrastructure Bank Bill [ Lords ] (First sitting)Amendment 10 would add paragraph (c) to subsection (3), with a requirement that bank objectives should include long-term return to shareholders. To be clear, the shareholders are…22 Nov 2022