Contributions
1,178 recent contributions in Hansard
HANSARDMortgage CharterThe truth is that Members can pick countries in Europe where things have not been as severe as they have here, but they can also pick countries in Europe where things have been…26 Jun 2023HANSARDMortgage CharterI hear what the hon. Gentleman says, but he will be pleased to know that banks already pay a 3% surcharge on their corporation tax—they pay 3% more than everyone else—as well as a…26 Jun 2023HANSARDMortgage CharterMy hon. Friend is absolutely right. Notwithstanding the fact that 85% of mortgages are now fixed to some degree, an extra 1.2 million families will feel the increase in interest…26 Jun 2023HANSARDMortgage CharterMy right hon. Friend is right to draw attention to the human consequences of any economic shock. I am extremely proud that, under the Government since 2010, 1.7 million people…26 Jun 2023HANSARDMortgage CharterI find it strange that the hon. Member should be criticising the Government’s failure to tackle inflation when her party is suggesting a multi-billion-pound package of mortgage…26 Jun 2023HANSARDMortgage CharterThe hon. Gentleman is entirely right to say that the mortgage market has changed, given that 85% of deals now involve a fixed-rate element, but I still think that interest rates…26 Jun 2023HANSARDMortgage CharterI do not have any private forecasts that I have not shared with the House. What I can say is that about 0.9% of families with mortgages are currently in arrears, and that is…26 Jun 2023HANSARDMortgage CharterI thank my hon. Friend for his comment. The level of stamp duty is, as with all taxation measures, kept under review. We make decisions at the time of fiscal events, whether…26 Jun 2023HANSARDMortgage CharterThe right hon. Lady is absolutely right. It is taking too long for the increases in interest rates to be passed on to savers, particularly with instant access accounts. The rates…26 Jun 2023HANSARDMortgage CharterMr Speaker, you are absolutely right to correct me on that point. What I would say to you about the point raised is simply that in my dealings with the Bank of England, I have…26 Jun 2023HANSARDMortgage CharterAs so often, my right hon. Friend is absolutely right and it is in supply-side measures that we see the long-term solution to the inflation problem that we and many other…26 Jun 2023HANSARDMortgage CharterI often do not agree with what the right hon. Gentleman says, but I thank him for the constructive tone of his comments this afternoon, because he is absolutely right to talk…26 Jun 2023HANSARDMortgage CharterThe Bank of England Governor himself has been very open about the fact that the Bank’s inflation forecasting has not been accurate, and it is conducting an independent review to…26 Jun 2023HANSARDMortgage CharterI will deal with the right hon. Lady’s specific points first. She says these measures should be mandatory, so why did Labour oppose the intervention power in the Financial…26 Jun 2023HANSARDMortgage CharterMr Speaker, last week the Bank of England increased interest rates to 5% as the UK, like other countries, grapples with high inflation. We are steadfast in our support for the…26 Jun 2023HANSARDTopical QuestionsMy hon. Friend always speaks extremely wisely on financial matters, and he is absolutely on the money when he talks about the opportunity that would present itself by unlocking £3…20 Jun 2023HANSARDTopical QuestionsWe will not hesitate in our resolve to support the Bank of England as it seeks to strangle inflation in the economy, and the best policy is to stick to our plan to halve…20 Jun 2023HANSARDTechnology SectorI will happily look into what has happened. We strongly support all rural areas having access to gigabyte broadband, as an important part of our policy. We have made a lot of…20 Jun 2023HANSARDTechnology SectorThat is a fair point. I thank my hon. Friend for the fact that Newbury is a hotbed of technology businesses, with Roc Technologies, Stryker, Edwards Lifesciences and a range of…20 Jun 2023HANSARDTechnology SectorI thank my hon. Friend for his support for this really important sector in Rother Valley. We have a number of schemes, including £541 million of funding available in the Faraday…20 Jun 2023