Contributions
1,831 recent contributions in Hansard
HANSARDIncomes and PricesI certainly take note of what my noble friend has said although I cannot particularly comment on it, because this matter falls very much within the remit of the Bank of England.…31 Oct 2022HANSARDIncomes and PricesThe noble Baroness of course has much experience, particularly in the teaching sector, but the pay review bodies, of which there are eight, are very representative. They consider…31 Oct 2022HANSARDIncomes and PricesWell, the figures vary, but if we look at the lowest-paid staff, particularly in the NHS, they are seeing a pay rise of 9.3%. It does vary enormously.31 Oct 2022HANSARDIncomes and PricesThe noble Lord makes a good point because, as the House knows, we announced significant support worth over £37 billion for households this year, targeted at those who need it the…31 Oct 2022HANSARDIncomes and PricesI have said already that the unions play an important part through their role in representing workforces, and I stick by that, but it is not just that. There is the amount of…31 Oct 2022HANSARDIncomes and PricesThe noble Lord will be aware that there is already a levy on energy companies. In terms of those earning at the higher level, I said in response to a question last week that I…31 Oct 2022HANSARDIncomes and PricesMy Lords, in March 2022, the Government set out their annual remit to the independent Low Pay Commission, asking it to make recommendations on the next uprating of the national…31 Oct 2022HANSARDIncomes and PricesFirst, we are very aware that people across the UK remain very worried about the cost of living—I think the House is very aware of that. The noble Lord raises an interesting idea.…31 Oct 2022HANSARDDirect Tax and National Insurance ContributionsWe all wish the new Prime Minister well. I personally congratulate him on his victory and, as he said himself, he has a hard task—and more. But to answer the noble Lord’s…25 Oct 2022HANSARDDirect Tax and National Insurance ContributionsAs I alluded to earlier, the aim is to lower taxes, but we have a lot to contend with as a result of Putin’s appalling war in Ukraine and ongoing energy costs. At the end of the…25 Oct 2022HANSARDDirect Tax and National Insurance ContributionsWe are very aware of these sensitive matters. I alluded to what we are doing about these matters, including the non-dom status, earlier in response to a question from the noble…25 Oct 2022HANSARDDirect Tax and National Insurance ContributionsI do not know of any plans to change the current position, which is that the cap was raised on bankers’ bonuses, and I may say, having had a long career in the city, that I think…25 Oct 2022HANSARDDirect Tax and National Insurance ContributionsThe noble Lord may be aware that at Spring Budget 2021 the Government froze the capital gains tax annual exempt amount—the so-called AEA—at £12,300 until 2026. However, the…25 Oct 2022HANSARDDirect Tax and National Insurance ContributionsMy noble friend makes a good point. The Government are committed to a fair tax system in which those with the most contribute the most, but one which also has to encourage saving.…25 Oct 2022HANSARDNorthern Ireland Protocol BillThe noble Lord might like to be reminded of what the Companion says about length of speeches. Fifteen minutes is indicated as the acceptable length of a speech. Might I suggest…25 Oct 2022HANSARDDigital Government (Disclosure of Information) (Amendment) Regulations 2022That the draft Regulations laid before the House on 15 and 18 July be approved. Considered in Grand Committee on 18 October. Relevant document: 11th Report from the Secondary…25 Oct 2022HANSARDDirect Tax and National Insurance ContributionsI think there are two matters to raise here. It is very important to keep taxes as low as possible to help working people, so that the amount they earn goes further. Equally, it…25 Oct 2022HANSARDDirect Tax and National Insurance ContributionsThe Prime Minister mentioned the levelling-up agenda today, and it is very much on course—as you probably heard, he cited the fact that we wish to revert back, which is quite…25 Oct 2022HANSARDDirect Tax and National Insurance ContributionsMy Lords, different forms of income are subject to different tax treatments. For example, national insurance contributions are charged only on earned income, reflecting their…25 Oct 2022HANSARDDirect Tax and National Insurance ContributionsThe noble Lord gives one example. As he knows, individuals can be subject to different tax treatments depending on the type of income they receive and whether they are employed or…25 Oct 2022