UK Parliament / Open data

Finance (No. 3) Bill

Debate on bills and Committee of the Whole House (HC) on Tuesday, 3 May 2011, in the House of Commons.
Finance (No. 3) Bill. Committee stage first day. Clause 72 debated and agreed to, with an amendment negatived on division (153 votes to 296). Clause 19 debated and agreed to, with an amendment negatived on division (121 votes to 277). Clause 7 debated and agreed to, as amended, on division (251 votes to 8). Clause 4 under discussion. Debate to be resumed 4 May. [Relevant document: The Eleventh Report from the Treasury Committee, Finance (No.3) Bill 2010-11, HC 497.]
Type
Parliamentary proceeding
Reference
527 c478-645 
Session
2010-12
Department
Treasury
Legislative stage
Committee stage
Chamber / Committee
House of Commons chamber
Related items
Finance (No. 3) Bill. In two volumes. Explanatory Notes Bill 175-EN also published.
Tuesday, 29 March 2011
Bills
House of Commons
Finance (No. 3) Bill 2010-11. Treasury Select Committee eleventh report, with formal minutes.
Wednesday, 27 April 2011
Parliamentary committees
House of Commons
Proceeding contributions
Chris Leslie | 527 c480 (Link to this contribution) The ongoing implicit taxpayer guarantee for the banks is very significant. Indeed, I understand that...
Alison McGovern | 527 c480 (Link to this contribution) Would my hon. Friend be interested, as I am, to find out exactly what the financial value is to the ...

Show all contributions (576)
Chris Leslie | 527 c480-1 (Link to this contribution) My hon. Friend is entirely right, and that is why we have to take a step back and look at the contex...
Nicholas Dakin | 527 c480 (Link to this contribution) At a time when Roger Bootle of Deloitte reports that for the first time for four years in a row the ...
Duncan Hames | 527 c480 (Link to this contribution) In defending the bank bonus tax and the revenue that would have been raised by continuing with it, w...
Chris Leslie | 527 c480 (Link to this contribution) If the reason the hon. Gentleman refuses to advocate a repeat of the bonus tax is that the bankers m...
Chris Leslie | 527 c479 (Link to this contribution) My hon. Friend makes an extremely prescient intervention, because the Chancellor, under pressure fro...
Andrew Love | 527 c479 (Link to this contribution) Will not the combination of measures on corporation tax being introduced in the Bill advantage the b...
Barry Gardiner | 527 c479 (Link to this contribution) The Government are seeking to take £2.5 billion in revenue from the tax that they have imposed, but ...
Chris Leslie | 527 c478-9 (Link to this contribution) Indeed. Were it possible under the rules of order for the Opposition to table an amendment to increa...
Chris Leslie | 527 c478 (Link to this contribution) We find ourselves in the Committee stage of the Finance Bill, a rather large two-volume measure that...
Chair of Committees of the Whole House | 527 c478 (Link to this contribution) With this it will be convenient to discuss clause stand part.
Chris Leslie | 527 c478 (Link to this contribution) I beg to move amendment 9, page 41, line 27, at end add—
Chris Leslie | 527 c484 (Link to this contribution) It is a crying shame that there will not be more publicity for this debate; perhaps the complexity o...
Nicholas Dakin | 527 c484 (Link to this contribution) Is it not a further irony that the Government are cutting so far and so fast, for which they have no...
David Anderson | 527 c484 (Link to this contribution) Is it not amazing that we are talking about a minute bank levy when hundreds of thousands of public ...
Chris Leslie | 527 c483 (Link to this contribution) Indeed; the machine rolls on. We will have to look at the detailed papers on Project Merlin when the...
Lord Beamish | 527 c483 (Link to this contribution) Would my hon. Friend also contrast that with the £7 billion that banks and financial institutions ar...
Chris Leslie | 527 c482-3 (Link to this contribution) I will respond to the Minister when I have heard his comments. If he wants me to respond again, I am...
Mark Hoban | 527 c482 (Link to this contribution) Did the hon. Gentleman respond?
Chris Leslie | 527 c481-2 (Link to this contribution) My hon. Friend's arguments become increasingly attractive, and he makes an important point. The bank...
John McDonnell | 527 c481 (Link to this contribution) I have only just understood the criticism from Government Members. The criticism of the bankers bonu...
Barry Gardiner | 527 c481 (Link to this contribution) My hon. Friend seeks to use an argument based on contrast, but there is also an argument based on ca...
Chris Leslie | 527 c481 (Link to this contribution) Absolutely, and, as we have heard time and again, Government Members clearly do not understand the c...
Chris Leslie | 527 c488 (Link to this contribution) As I said, the reason for the complexity is that all the variables in the design of the bank levy ha...
Chris Bryant | 527 c488 (Link to this contribution) In fact, there are not just one or even two different rates being introduced—which one might underst...
Chris Leslie | 527 c488 (Link to this contribution) Far be it from me to defend the poor banks in their compliance with the provisions, but obviously th...
Helen Goodman | 527 c488 (Link to this contribution) I do not know whether Ministers have published the change to HMRC staffing needed to deal with these...
Chris Leslie | 527 c488 (Link to this contribution) Staffing at HM Revenue and Customs is under incredible pressures. Indeed, there have been a number o...
Geoffrey Robinson | 527 c490 (Link to this contribution) Will my hon. Friend return briefly to the alternative uses to which that £2 billion could be put—the...
Hugh Bayley | 527 c491 (Link to this contribution) Following up that point, this applies to investment not just in manufacturing, but in services, too....
Lord Beamish | 527 c492 (Link to this contribution) I agree with my hon. Friend how mind-boggling the amounts are that these individuals receive. It mak...
Chris Leslie | 527 c492 (Link to this contribution) ““But surely that is a complete coincidence””, he said ironically! I do not know whether my hon. Fri...
Chair of Committees of the Whole House | 527 c491 (Link to this contribution) Order. Before the hon. Gentleman responds, may I remind Members that interventions are supposed to b...
Chris Leslie | 527 c491-2 (Link to this contribution) Thank you, Ms Primarolo. Notwithstanding your strictures, that was an incredibly important intervent...
Helen Goodman | 527 c492 (Link to this contribution) Surely, in the case of banks in which the Government were a major shareholder, they had an opportuni...
Chris Leslie | 527 c492 (Link to this contribution) It is the inactivity of the Government, as the shareholder, that perplexes me. Ministers laugh with ...
Andrew Love | 527 c492 (Link to this contribution) Does not the refusal to be transparent about bonuses lead to the conclusion that hidden behind the c...
Chris Leslie | 527 c492 (Link to this contribution) Absolutely; but, quite apart from the obscenity of the scale of some of those bonuses, there is a ha...
Nicholas Dakin | 527 c492 (Link to this contribution) Would my hon. Friend care to speculate on what would be the impact on the British economy if, rather...
Alison McGovern | 527 c493 (Link to this contribution) Does my hon. Friend agree that for the financial services sector it is apparently business as usual,...
Chris Leslie | 527 c493 (Link to this contribution) That is one of the issues to which we shall have to return, perhaps in the Public Bill Committee. Th...
Chris Leslie | 527 c493-4 (Link to this contribution) May I make a little progress? Time is short. As a result of European Union reforms championed by La...
Barry Gardiner | 527 c494 (Link to this contribution) Will my hon. Friend clarify the chronology? Subsection (1)(d) of new section 554H states that the se...
Chris Leslie | 527 c494 (Link to this contribution) I do not know whether we have to hope that the Liberal Democrats will take strong action before that...
Chris Bryant | 527 c494 (Link to this contribution) I understand my hon. Friend's point and I disagree with what the Government are doing, but I suspect...
Chris Leslie | 527 c493 (Link to this contribution) Indeed, and I think it important for us to convince the Government of the need to act. I look forwar...
David Anderson | 527 c493 (Link to this contribution) I thank my hon. Friend for giving way. He is being very generous. UK Financial Investments, the Tre...
Chris Leslie | 527 c493 (Link to this contribution) Again, I think that we need to engage in a proper debate about corporate governance of the state-own...
Chris Leslie | 527 c494 (Link to this contribution) However, the alacrity and, almost, relish with which the Government have introduced some of their sp...
Chris Bryant | 527 c495 (Link to this contribution) I apologise in advance to the right hon. Gentleman if what I am about to say is an inaccurate repres...
John Redwood | 527 c494-5 (Link to this contribution) I listened carefully to the shadow Minister's speech, and it is quite true that the public mood is o...
John Redwood | 527 c496-7 (Link to this contribution) The Front-Bench team and I were at one on this issue: we were saying that was needed were better reg...
John Redwood | 527 c496 (Link to this contribution) Yes, I think we could, which is why I made that recommendation well before the credit crunch occurre...
Lord Beamish | 527 c496 (Link to this contribution) I know that the right hon. Gentleman sometimes speaks at odds with his party, and he talked earlier ...
John Redwood | 527 c496 (Link to this contribution) I hold no brief for the credit rating agencies, but nor have I prepared a case against them. I am su...
Helen Goodman | 527 c496 (Link to this contribution) I am interested in the right hon. Gentleman's argument, but does he seriously think we could have ma...
John Redwood | 527 c495 (Link to this contribution) How many times will I have to deal with this idiotic canard that Labour dreamt up? The report was ve...
Graham Stringer | 527 c495-6 (Link to this contribution) I agree that it is clear that there was something wrong with the previous regulation, although I wou...
John Redwood | 527 c497 (Link to this contribution) No, I do not necessarily agree with that, because I think that another way of returning value to the...
Hugh Bayley | 527 c497 (Link to this contribution) The right hon. Gentleman seems to be saying that it is important that the taxpayer gets the maximum ...
John Redwood | 527 c497 (Link to this contribution) I hasten to correct the hon. Gentleman: of course I think we have to tax banks. We have to tax ourse...
Barry Gardiner | 527 c497 (Link to this contribution) The right hon. Gentleman is making a very coherent presentation, but does he not agree that if we do...
John Redwood | 527 c498 (Link to this contribution) The hon. Gentleman is right that there are those two sides to the argument, but this is probably not...
Hugh Bayley | 527 c498 (Link to this contribution) My point is that if we maximise the return to the taxpayer, everybody in the country—rich and poor—g...
John Redwood | 527 c498 (Link to this contribution) Labour Members would say that they could speak for themselves and that they imposed a bonus tax. How...
Baroness Burt of Solihull | 527 c498 (Link to this contribution) My right hon. Friend has partly answered the point I was going to make, but I wonder whether he coul...
John Redwood | 527 c499 (Link to this contribution) I, too, would find forecasts helpful, but I understand the uncertainties surrounding what bank share...
Helen Goodman | 527 c499 (Link to this contribution) The right hon. Gentleman is making a coherent case, but is he not worried that Government's strategy...
Stella Creasy | 527 c499 (Link to this contribution) Does the right hon. Gentleman agree that we might want to deal with the banks' behaviour in a more g...
John Redwood | 527 c499-500 (Link to this contribution) I am always very happy to see ownership extended in ways that include that type of mutual, although ...
John Redwood | 527 c500 (Link to this contribution) I do not agree with the hon. Gentleman about that. It is true that in the venture capital world EBIT...
Ian Lavery | 527 c500-1 (Link to this contribution) The general public are outraged at the levels of bankers' bonuses, which remain very high indeed. Th...
Ian Lavery | 527 c502-3 (Link to this contribution) That is a very good point about Northumberland. In my constituency in particular, 60% of women and m...
Lord Beamish | 527 c502 (Link to this contribution) Does my hon. Friend share my disappointment at the sparse attendance on the Liberal Democrat Benches...
Ian Lavery | 527 c501-2 (Link to this contribution) I thank my hon. Friend for that question, which is a great way of introducing IPSA into the debate o...
Barry Gardiner | 527 c501 (Link to this contribution) I do not wish to disturb my hon. Friend's flow, but is he aware that I was informed by the Independe...
Helen Goodman | 527 c503 (Link to this contribution) I agree with my hon. Friend. Does he agree that it is very odd that the rate of the bank levy is bei...
Ian Lavery | 527 c503 (Link to this contribution) That is strange, but it is probably what we should expect. It does not surprise me one jot that the ...
Ian Lavery | 527 c504 (Link to this contribution) The simple answer is yes. Things have changed dramatically since my right hon. Friend left office; e...
Ian Lavery | 527 c503-4 (Link to this contribution) I think that is ironic, and I assure my hon. Friend that not many houses in my constituency are valu...
Gavin Williamson | 527 c504 (Link to this contribution) The former Chancellor of the Exchequer thought that it would be unsustainable to impose the bank bon...
Stephen Pound | 527 c504 (Link to this contribution) My hon. Friend might be surprised to hear that he is engendering in me some sympathy for bankers. Th...
Ian Lavery | 527 c504 (Link to this contribution) ““Only for the better.”” Of course. In future years, the Government should increase the bank levy t...
Lord Beamish | 527 c505 (Link to this contribution) Does my hon. Friend think that his constituents or mine believe that most of the bankers who got us ...
Ian Lavery | 527 c504-5 (Link to this contribution) That is the first time I have been accused of being sympathetic to the bankers, but I thank my hon. ...
Jeremy Corbyn | 527 c505 (Link to this contribution) Does my hon. Friend realise the perverse effect of the difficulty in getting loans from banks is tha...
Ian Lavery | 527 c505 (Link to this contribution) I thank my hon. Friend. That is a serious matter. Many people who were once able to get bona fide lo...
Chair of Committees of the Whole House | 527 c505 (Link to this contribution) Order. We are ranging rather wide of the amendment under discussion. The Chair would be grateful for...
Ian Lavery | 527 c505 (Link to this contribution) Thank you for your guidance, Mr Gray. I thought it was my duty as a parliamentarian to try to answer...
Ian Lavery | 527 c505 (Link to this contribution) The reality is that people in my constituency cannot even get a loan from the banks. In the past the...
Andrew Gwynne | 527 c505 (Link to this contribution) My hon. Friend is right, but it is not just his constituents who cannot get a loan—many of his local...
Ian Lavery | 527 c505 (Link to this contribution) That is exactly right. I was merely highlighting the plight of ordinary families. Small and medium-s...
Nicholas Dakin | 527 c506-7 (Link to this contribution) It is a pleasure to follow my hon. Friend the Member for Wansbeck (Ian Lavery), who gave a comprehen...
Ian Lavery | 527 c506 (Link to this contribution) I agree 100% with my hon. Friend's suggestion, but as I have just suffered the wrath of the Chair, I...
Stella Creasy | 527 c506 (Link to this contribution) Does my hon. Friend agree that one of the things that we could do is to consider whether the amendme...
Stephen Pound | 527 c485 (Link to this contribution) Many contributions have shown that the shade of the right hon. Member for Twickenham (Vince Cable) i...
Chris Leslie | 527 c485 (Link to this contribution) Indeed, and not only can we see the low yield figures in this country; we can also look at internati...
John McDonnell | 527 c485 (Link to this contribution) To emphasise a point that my hon. Friend made earlier, does he agree that the robustness of the stat...
Chris Leslie | 527 c485 (Link to this contribution) I wonder whether Hansard is able to record irony in my hon. Friend's comments. Sometimes I wonder wh...
Lord Beamish | 527 c485 (Link to this contribution) Does my hon. Friend agree that my hon. Friend the Member for Blaydon (Mr Anderson) is being a little...
Chris Leslie | 527 c484 (Link to this contribution) It is absolutely mystifying. There is a sense that the shareholder—the taxpayer—somehow has to allow...
Graham Stringer | 527 c484 (Link to this contribution) Is not the irony, when comparing pay cuts in the public sector with bankers' bonuses, that in effect...
John Redwood | 527 c484 (Link to this contribution) Will the shadow Minister say how much tax he thinks should be imposed on the banks, and how he would...
Chris Leslie | 527 c484 (Link to this contribution) Of course, the Liberal Democrats advocated the opposite of that before the general election. Obvious...
Chris Leslie | 527 c487-8 (Link to this contribution) The Minister needs to answer that question. Hon. Members might care to turn to page 297 of the Bill....
Chris Bryant | 527 c487 (Link to this contribution) I think that my hon. Friend is referring in particular to part 2 of schedule 19, which hangs off the...
Andrew Love | 527 c488 (Link to this contribution) On the intervention from my hon. Friend the Member for Rhondda (Chris Bryant), is it not rather stra...
Chris Leslie | 527 c486 (Link to this contribution) Even the Swedish advocate a bank levy, and we must acknowledge that the alternative financial change...
Baroness Burt of Solihull | 527 c486 (Link to this contribution) In the spirit of helpfulness, the hon. Member for Ealing North (Stephen Pound) might be interested t...
Chris Leslie | 527 c486-7 (Link to this contribution) Absolutely. I cannot figure out why the Government refused to go beyond that £2.5 billion or £2.6 bi...
Andrew Love | 527 c486 (Link to this contribution) Before my hon. Friend moves off the subject of Project Merlin, does he agree that it was more than p...
Chris Leslie | 527 c485 (Link to this contribution) In financial services it is called regulatory arbitrage. People come up with terminology that makes ...
Stephen Pound | 527 c525 (Link to this contribution) Does my hon. Friend agree that we seem to have had an example today of the Sage of Twickenham being ...
Lord Beamish | 527 c526 (Link to this contribution) That is exactly what the electorate will be doing: calling the bluff of this Government and asking w...
John McDonnell | 527 c523-4 (Link to this contribution) The review would certainly test the adequacy of the levy as an instrument for influencing banks' beh...
Lord Beamish | 527 c525 (Link to this contribution) It is a pleasure to follow my hon. Friend the Member for Hayes and Harlington (John McDonnell), who ...
Lord Beamish | 527 c525 (Link to this contribution) It does, and my hon. Friend makes a good point. The rhetoric from Conservative central office, now j...
Lord Beamish | 527 c526 (Link to this contribution) No—not yet. Those bonuses do not reflect the behaviour of bankers who have been responsible in thei...
Lord Beamish | 527 c526-7 (Link to this contribution) My hon. Friend makes a good point. Those examples can be seen up and down the country. Given the am...
Andrew Gwynne | 527 c526 (Link to this contribution) My hon. Friend makes an excellent point. Does he understand the dismay of those from small and mediu...
Lord Beamish | 527 c528 (Link to this contribution) Indeed. We need time to see whether the system is working, and whether it is a way of increasing th...
Andrew Gwynne | 527 c528 (Link to this contribution) Why does my hon. Friend think that those on the Government Front Bench are so apprehensive about hav...
Ben Gummer | 527 c527 (Link to this contribution) The hon. Gentleman is speaking of remorse. He was one of the more eminent members of the previous Go...
Lord Beamish | 527 c527-8 (Link to this contribution) I had only a small walk-on part in the previous Government. However, when asked whether we can justi...
Ian Mearns | 527 c529 (Link to this contribution) I wonder whether my hon. Friend would reflect on the view of many of my constituents, who feel that ...
Lord Beamish | 527 c529 (Link to this contribution) I agree. I am sorry that I forgot to welcome Reverend McCrea to the Chair; it is a pleasure to serve...
Jim Shannon | 527 c529 (Link to this contribution) It is a pleasure to see my hon. Friend the Member for South Antrim (Dr McCrea) in the Chair. I under...
Lord Beamish | 527 c529 (Link to this contribution) I agree with my hon. Friend. The Tory spin doctors forget that if we had followed the first reaction...
David Anderson | 527 c529 (Link to this contribution) It is not only my hon. Friend who disagrees with the right hon. Member for Wokingham (Mr Redwood); t...
Andrew Love | 527 c518 (Link to this contribution) Is it not also the case that the taxpayer has given the banking system an unlimited guarantee, and t...
Barry Gardiner | 527 c516 (Link to this contribution) Of course I wish to abide by your ruling, Mr Gray. I am referring to earlier comments in the debate,...
Chair of Committees of the Whole House | 527 c516 (Link to this contribution) Order. I was not in the Chair at that time. It seems to me important that we relate the debate to wh...
Barry Gardiner | 527 c516-7 (Link to this contribution) I am very happy to do so, Mr Gray. We are talking about a bank levy, and amendment 9 refers to"““the...
Lord Beamish | 527 c517 (Link to this contribution) Does my hon. Friend agree that if we had listened to those on the Conservative Front Bench, includin...
Lord Beamish | 527 c517 (Link to this contribution) You cannot intervene on an intervention. I am going on because the Economic Secretary has been witte...
Chair of Committees of the Whole House | 527 c517 (Link to this contribution) Order. Interventions must be short. The tenor of the debate is moving widely away from the amendment...
Barry Gardiner | 527 c518 (Link to this contribution) I am of course always happy to abide by your ruling, Mr Gray, so I will move on to focus on the adeq...
Lord Beamish | 527 c518 (Link to this contribution) Is that not exactly the line that the Chancellor took when he was shadow Chancellor? He argued that ...
Barry Gardiner | 527 c518 (Link to this contribution) Indeed. The support that the country has given the banks is perfectly right, in my view. I disagree ...
Barry Gardiner | 527 c519 (Link to this contribution) My hon. Friend makes an excellent point in contrasting the lending policies of the banks with the bo...
Andrew Gwynne | 527 c519 (Link to this contribution) My hon. Friend is exactly right. Is not the real problem that we are actually getting neither of the...
Barry Gardiner | 527 c518-9 (Link to this contribution) My hon. Friend is absolutely right. To give the right hon. Member for Wokingham his due, he did diff...
Andrew Gwynne | 527 c519 (Link to this contribution) Is it not also the case that the banking system is getting the best of both worlds? Over the past fe...
Lord Beamish | 527 c521 (Link to this contribution) Does my hon. Friend agree that if the levy was designed to change the behaviour of bankers, it has f...
John McDonnell | 527 c521-2 (Link to this contribution) I agree with my hon. Friend, but I will come to that point later. The way in which the banks have co...
Barry Gardiner | 527 c519-20 (Link to this contribution) That is the sad fact of our situation. I am sure that all of us, as constituency MPs, have business ...
John McDonnell | 527 c520-1 (Link to this contribution) I would welcome the amendment because I think it is time to stand back and review the future role of...
Andrew Love | 527 c523 (Link to this contribution) I agree with my hon. Friend about the review's importance. On the one side, bankers are telling us t...
John McDonnell | 527 c522-3 (Link to this contribution) That is exactly my point. It might be that the levy is being set in relation to other banking reform...
Ian Mearns | 527 c522 (Link to this contribution) The evidence of our eyes and ears of the relationship in recent months between the Chancellor and th...
Hugh Bayley | 527 c530 (Link to this contribution) I wanted to follow up the intervention of my hon. Friend the Member for Blaydon (Mr Anderson). It wa...
Lord Beamish | 527 c529-30 (Link to this contribution) My hon. Friend brings me on to a new relevant area, because he shows how the banking and financial s...
Mary Glindon | 527 c531 (Link to this contribution) On a day when a leading economist has said that affordable income is falling by 2% and that the aver...
Lord Beamish | 527 c530-1 (Link to this contribution) I would not want to stray too far down that avenue, but it does say something about the pettiness an...
Lord Beamish | 527 c531 (Link to this contribution) My hon. Friend makes a very good point. One of this Government's favourite soundbites is that ““We a...
David Ward | 527 c531 (Link to this contribution) It is useful to have on record your opposition to the reduction in corporation tax, which will enabl...
Chair of Committees of the Whole House | 527 c531 (Link to this contribution) Order. Let me draw the hon. Gentleman's attention to the fact that ““you”” refers to the Chair, and ...
David Ward | 527 c531 (Link to this contribution) I apologise, Dr McCrea. I should like to know why the hon. Member for North Durham (Mr Jones) is pre...
Lord Beamish | 527 c531 (Link to this contribution) Given the hon. Gentleman's interventions, I am pleased that he will be here for only one term. It is...
Lord Beamish | 527 c531 (Link to this contribution) I would answer the question if it were not so stupid. If the hon. Gentleman believes that the review...
Lord Beamish | 527 c532 (Link to this contribution) Then let me remind the hon. Gentleman what it says. It refers to"““the Government's analysis behind ...
David Ward | 527 c531-2 (Link to this contribution) If you are interested—if the hon. Gentleman is interested—in any of this, he need only table some wr...
Stella Creasy | 527 c512 (Link to this contribution) My hon. Friend hits the nail on the head, because proposed paragraph (b) of amendment 9 talks about ...
Jeremy Corbyn | 527 c512 (Link to this contribution) I pay great tribute to my hon. Friend for her work on those scoundrels who lend money at huge rates ...
Stella Creasy | 527 c511 (Link to this contribution) Thank you, Mr Gray. I appreciate very much the passion with which my hon. Friend the Member for Ilfo...
Chair of Committees of the Whole House | 527 c511 (Link to this contribution) Order. I have been quite generous so far in not picking up hon. Members on what they have said, but ...
Mike Gapes | 527 c511 (Link to this contribution) My hon. Friend refers to schools, and she knows from her constituency and borough how the coalition ...
Stella Creasy | 527 c510-1 (Link to this contribution) It is a pleasure to follow my hon. Friend the Member for Scunthorpe (Nic Dakin) and his eloquent des...
Nicholas Dakin | 527 c510 (Link to this contribution) I thank my hon. Friend for his intervention. The review of the bank levy, which is at the heart of t...
Chair of Committees of the Whole House | 527 c513 (Link to this contribution) Order. The hon. Lady is making a passionate point, but it is associated only very loosely with amend...
Stella Creasy | 527 c512-3 (Link to this contribution) My hon. Friend makes a good point about the importance of this Bill putting first the needs of this ...
Barry Gardiner | 527 c512 (Link to this contribution) I welcome all the energy and work that my hon. Friend has put into that subject. Does she share my d...
Chair of Committees of the Whole House | 527 c516 (Link to this contribution) Order. The hon. Gentleman is not giving way to the Chair, but resuming his seat. He is giving an int...
Barry Gardiner | 527 c515-6 (Link to this contribution) It seems to me that when it comes to bonuses, the clue is in the word. If one looks at the etymology...
Stella Creasy | 527 c514-5 (Link to this contribution) The hon. Gentleman appears to be arguing that the money that would be raised by the bank levy should...
Barry Gardiner | 527 c516 (Link to this contribution) My hon. Friend is right, but perhaps he has missed a further element of that toxic mix. That is not ...
Stella Creasy | 527 c513 (Link to this contribution) I apologise to the Chair if I am not being clear, but I see this in the context of paragraph (b) of ...
David Ward | 527 c514 (Link to this contribution) We have heard numerous calls for the additional bank levy that the hon. Lady supports, involving a c...
Stella Creasy | 527 c513-4 (Link to this contribution) My hon. Friend is absolutely correct. This is born out of my frustration at the fact that the Govern...
Stephen Pound | 527 c507 (Link to this contribution) He was a bank clerk, not a banker.
Lord Beamish | 527 c507 (Link to this contribution) Does my hon. Friend agree that it is an absolute disgrace not only that those involved directly in t...
Helen Goodman | 527 c507 (Link to this contribution) Does my hon. Friend agree that the criteria for awarding bonuses are strange? Is it not ironic that ...
Nicholas Dakin | 527 c507 (Link to this contribution) I quote T. S. Eliot to remind us that bankers have played good parts in the world of culture, financ...
Andrew Love | 527 c508 (Link to this contribution) Have the Government not failed lamentably? If we look at Project Merlin, where they intervened with ...
Nicholas Dakin | 527 c508 (Link to this contribution) I thank my hon. Friend for his intervention about intervention. More intervention is needed from the...
Jeremy Corbyn | 527 c508 (Link to this contribution) My hon. Friend seems to have skated over the point that the majority of the banks are actually state...
Nicholas Dakin | 527 c507-8 (Link to this contribution) My hon. Friend draws attention to another interesting area where we would wish the Government to app...
Nicholas Dakin | 527 c508 (Link to this contribution) I thank my hon. Friend for that observation. Project Merlin's record is a sorry tale so far. We see ...
Nicholas Dakin | 527 c508 (Link to this contribution) I thank my hon. Friend for his intervention. Clearly, the amendment aims to provoke a review of how ...
Stephen Pound | 527 c508 (Link to this contribution) My hon. Friend refers to taxation arising from bankers' bonuses flowing back into the economy. Would...
Nicholas Dakin | 527 c509 (Link to this contribution) My hon. Friend makes an interesting and valid point, but amendment 9 proposes specifically that:"““T...
Helen Goodman | 527 c508 (Link to this contribution) I shall of course vote for the amendment this evening, but it does raise the question of whether it ...
Chair of Committees of the Whole House | 527 c509 (Link to this contribution) Order. That has absolutely nothing to do with the amendment we are discussing.
David Ward | 527 c509 (Link to this contribution) On the hon. Gentleman's point about the mandate, presumably if Labour had got 3% or 4% more in the v...
David Ward | 527 c509 (Link to this contribution) This point has occurred so many times, so can we pick this one off? The figure of £3.9 million is ce...
Nicholas Dakin | 527 c509 (Link to this contribution) Thank you, Mr Gray, although I think that the hon. Gentleman was reminding me of the part in my spee...
Jim Fitzpatrick | 527 c509-10 (Link to this contribution) Would my hon. Friend be surprised to hear that the hon. Member for Bradford East (Mr Ward) was in We...
Nicholas Dakin | 527 c509 (Link to this contribution) I thank the hon. Gentleman for his intervention. We are arguing that because of the fragility of the...
Chair of Committees of the Whole House | 527 c557 (Link to this contribution) With this it will be convenient to discuss clause stand part.
Lord Spellar | 527 c558 (Link to this contribution) My hon. Friend rightly draws attention to fuel prices. Does she not find it extraordinary that the c...
Mark Hoban | 527 c551-2 (Link to this contribution) I think that is the best suggestion the right hon. Gentleman has so far made in this debate. I shall...
Chris Leslie | 527 c552-3 (Link to this contribution) Thank you, Mr Hoyle. The Chief Whip really needs to take a breath and perhaps calm down for a moment...
Lord Beamish | 527 c553 (Link to this contribution) Does my hon. Friend agree that we had a wide-ranging debate, including on bankers' bonuses, and that...
Chris Leslie | 527 c553-4 (Link to this contribution) Astonishingly, the Financial Secretary, having had his coat tugged by the Government Chief Whip, did...
Kerry McCarthy | 527 c560-2 (Link to this contribution) Before the election, the Economic Secretary said in this House during a debate on fuel duty:"““What ...
Chair of Committees of the Whole House | 527 c560 (Link to this contribution) Order. We must keep questions to the subject of the amendment that we are dealing with.
Chuka Umunna | 527 c560 (Link to this contribution) Has my hon. Friend noticed the projections for the increase in household debt under this Government?...
Kerry McCarthy | 527 c558 (Link to this contribution) The point that my right hon. Friend the Member for Warley (Mr Spellar) was making was that if taxes ...
Lord Beamish | 527 c559 (Link to this contribution) On a point of order, Mr Hoyle. You have many attributes, but you do not have eyes in the back of you...
Kerry McCarthy | 527 c558 (Link to this contribution) My right hon. Friend is quite right that the Government are looking for a derogation in some rural a...
Lord Beamish | 527 c560 (Link to this contribution) The argument that my hon. Friend puts forward is very interesting, but does she agree that the situa...
Chair of Committees of the Whole House | 527 c559 (Link to this contribution) I must admit that, if there was noise interference, I did not know where it was coming from and coul...
Kerry McCarthy | 527 c559-60 (Link to this contribution) I thank my hon. Friend the Member for North Durham (Mr Jones) for that, because it certainly seemed ...
Kerry McCarthy | 527 c563 (Link to this contribution) Perhaps the Economic Secretary is going to answer now.
Kerry McCarthy | 527 c564 (Link to this contribution) The hon. Lady invents a mythical obstacle to achieving a derogation, without even having tried. Many...
Justine Greening | 527 c564 (Link to this contribution) The hon. Lady obviously does not know the answer, but I do—it took more than six years. Does she thi...
Kerry McCarthy | 527 c563 (Link to this contribution) As I said before, the Economic Secretary invents a mythical time frame which she says it would take ...
Kerry McCarthy | 527 c563 (Link to this contribution) I am making the point that there are precedents for applying to the EU for a derogation, and I will ...
Justine Greening | 527 c563 (Link to this contribution) Since the hon. Lady gives a whole list of derogations, perhaps she will also be prepared to tell the...
Andrew Gwynne | 527 c562 (Link to this contribution) Is my hon. Friend, like me, extremely surprised at the lack of ambition from the Government parties ...
Kerry McCarthy | 527 c562-3 (Link to this contribution) My hon. Friend makes a valid point, which I will come on to in a moment. [Interruption.] Ministers a...
Justine Greening | 527 c563 (Link to this contribution) I just want to check that the hon. Lady is aware that she is talking about two entirely different ta...
Alison McGovern | 527 c566 (Link to this contribution) My hon. Friend is absolutely right. I thank him for that intervention. We voted against the measure...
Alison McGovern | 527 c565-6 (Link to this contribution) The VAT increase that the Government have introduced is clearly highly regrettable. I might just tak...
Lord Beamish | 527 c566 (Link to this contribution) A more relevant question to ask Conservative Members is why during the election they made a promise ...
Alison McGovern | 527 c564-5 (Link to this contribution) I rise to speak in favour of the amendment, which states clearly that the Chancellor should publish"...
Justine Greening | 527 c565 (Link to this contribution) The hon. Lady mentioned VAT. Given her concerns regarding the increase that she says the Government ...
Lord Beamish | 527 c538 (Link to this contribution) My hon. Friend makes a clear point. I do not know which wag in the Treasury came up with the nicknam...
Lord Beamish | 527 c537 (Link to this contribution) I agree. I spoke in the last Budget debate about the effects of the public expenditure cuts on the n...
Stephen Pound | 527 c536 (Link to this contribution) My hon. Friend has teased out a very important element of the amendment. In Northern Ireland, the pu...
Lord Beamish | 527 c535 (Link to this contribution) It is very serious. What my hon. Friend describes will have an effect on the private sector and on w...
Ian Mearns | 527 c535 (Link to this contribution) The point that my hon. Friend is making about the north-east economy is appropriate. Clearly the job...
Lord Beamish | 527 c536 (Link to this contribution) My hon. Friend makes a good point. That small seedcorn funding made all the difference for small com...
Geoffrey Robinson | 527 c536 (Link to this contribution) Before my hon. Friend leaves this point, I would hate for the Government not to realise the impact t...
Lord Beamish | 527 c535-6 (Link to this contribution) That is right. My hon. Friend might have examples from his constituency—I certainly did—of the RDA u...
Hugh Bayley | 527 c535 (Link to this contribution) It is not just that banks are still not providing finance for small and medium-sized businesses. Und...
Andrew Love | 527 c544-6 (Link to this contribution) I agree with my hon. Friend. Clearly, the sector of the economy that has lost out the most is constr...
Mike Gapes | 527 c546 (Link to this contribution) My hon. Friend mentions the national insurance holiday for new businesses, but it discriminates agai...
Lord Beamish | 527 c538-9 (Link to this contribution) The hon. Gentleman makes a good point. That is the acid test. The Government must explain why they s...
Mike Gapes | 527 c540 (Link to this contribution) My right hon. Friend asks why. Is it not clear why? This is a Government of millionaires and toffs, ...
David Lammy | 527 c539-40 (Link to this contribution) It is a great pleasure to follow my hon. Friend the Member for North Durham (Mr Jones), whose eye fo...
Andrew Love | 527 c541-4 (Link to this contribution) I congratulate my next-door neighbour and right hon. Friend the Member for Tottenham (Mr Lammy) on a...
David Lammy | 527 c541 (Link to this contribution) My hon. Friend is exactly right. The Government's rhetoric prior to the general election about what...
Mark Hoban | 527 c548-9 (Link to this contribution) Amendment 9 seeks to require a report into the effectiveness of the new bank levy, which is introduc...
Andrew Love | 527 c548 (Link to this contribution) I bow to your advice, Mr Hoyle. I will conclude my remarks about the lack of a growth strategy by sa...
Chair of Committees of the Whole House | 527 c548 (Link to this contribution) Order. As we know, we are debating the bank levy. There has been some stretching of the debate alrea...
Andrew Love | 527 c547-8 (Link to this contribution) I agree entirely with my hon. Friend, and I hope that someone on the Government Front Bench is liste...
Baroness Chapman of Darlington | 527 c547 (Link to this contribution) Does my hon. Friend agree that it is not only the house builders who have a hard time when the const...
Andrew Love | 527 c547 (Link to this contribution) Absolutely. The merit of the amendment is that it would give Parliament, and particularly the Govern...
Nicholas Dakin | 527 c547 (Link to this contribution) My hon. Friend is giving a cogent and coherent analysis of the amendment before us. Does he not agre...
Andrew Love | 527 c547 (Link to this contribution) Yes, the future jobs fund was the very vehicle to provide a job, training or relevant work experienc...
Geoffrey Robinson | 527 c547 (Link to this contribution) The whole House will agree with my hon. Friend that youth unemployment is the single biggest threat ...
Andrew Love | 527 c546 (Link to this contribution) I thank my hon. Friend for that intervention. He is correct. When that legislation was passed, we ar...
Chris Leslie | 527 c549 (Link to this contribution) Will the hon. Gentleman give way?
Mark Hoban | 527 c551 (Link to this contribution) Let me make progress. The hon. Gentleman spoke for over an hour and I am responding to the speeches ...
Mark Hoban | 527 c550-1 (Link to this contribution) I am going to continue my speech. We were clear at that time, as we are now, that the bank levy yie...
Lord Beamish | 527 c551 (Link to this contribution) Will the Financial Secretary give way?
Chris Leslie | 527 c549 (Link to this contribution) On a point of order, Mr Hoyle. I understood that this was a Committee stage, and that we were consid...
Mark Hoban | 527 c549 (Link to this contribution) No, I am not going to give way. We have had quite a long debate already, and it is time we made some...
Mark Hoban | 527 c549-50 (Link to this contribution) Subsection (2)(a) of the amendment requires a report on"““the Government's analysis behind the rate ...
Chair of Committees of the Whole House | 527 c549 (Link to this contribution) That is not a point of order. It is up to the Minister to decide whether to give way, and I am sure ...
David Lammy | 527 c551 (Link to this contribution) On a point of order, Mr Hoyle. In Committee, when Ministers have not answered questions from Back Be...
Chair of Committees of the Whole House | 527 c551 (Link to this contribution) That is not a point of order. It is up to the Minister to decide how he wishes to reply to the debat...
Stephen Pound | 527 c532 (Link to this contribution) He should not table them after 3 pm.
Lord Beamish | 527 c532 (Link to this contribution) No, because otherwise some Ministers might not get them in their weekend boxes. Anyway, it is nonsen...
Lord Beamish | 527 c532 (Link to this contribution) I agree, but I not am sure that it would help much. Given that subsection (c) of the amendment refer...
Andrew Gwynne | 527 c533 (Link to this contribution) Will not such a review serve to make it clear that many of the commitments made by the Liberal Democ...
Lord Beamish | 527 c533-4 (Link to this contribution) Yes. I do not particularly like giving opportunities to Liberal Democrats, but it would give them an...
David Ward | 527 c533 (Link to this contribution) Is the hon. Gentleman really not aware of the in-depth investigation conducted by the Business, Inno...
Lord Beamish | 527 c533 (Link to this contribution) I am, but that is part of the scrutiny process, and so is this. If the hon. Gentleman is so interest...
David Ward | 527 c532 (Link to this contribution) Will the hon. Gentleman give way?
Lord Beamish | 527 c534 (Link to this contribution) This is becoming a bit like bashing Bambi to death. The fact of the matter is that the hon. Gentlema...
David Ward | 527 c534 (Link to this contribution) As repeating the same point time and again is not a problem in this Chamber, I will do what everybod...
Lord Beamish | 527 c534-5 (Link to this contribution) That was too subtle for me. The important point was made by my hon. Friend the Member for Nottingha...
Lord Beamish | 527 c534 (Link to this contribution) Yes, the hon. Gentleman can intervene again if he does not quite understand.
David Ward | 527 c534 (Link to this contribution) The amount levied by the previous Government was stated very clearly as being a one-off that could n...
Lord Beamish | 527 c534 (Link to this contribution) That is because I have said that we should do it again. I am sorry if the hon. Gentleman does not ge...
David Ward | 527 c534 (Link to this contribution) Yes, I do get it. I see not only Bambi before me, but the ice that the hon. Gentleman is stood on.
Chair of Committees of the Whole House | 527 c572 (Link to this contribution) I do not think we really need to hear from the hon. Gentleman at this stage.
Chair of Committees of the Whole House | 527 c572 (Link to this contribution) Order. I think we are now beginning to stray a little from the subject under discussion. I am sure w...
Lord Beamish | 527 c571 (Link to this contribution) The amendment states:"““The Chancellor shall publish, within 3 months of the passing of this Act, an...
Chair of Committees of the Whole House | 527 c571 (Link to this contribution) The Chair will decide that. I find it strange that the hon. Gentleman, who is a very senior Member o...
Mike Gapes | 527 c571 (Link to this contribution) Red diesel is taxed at a lower level than other diesel. We are discussing the taxation of fuel and t...
Geoffrey Clifton-Brown | 527 c571 (Link to this contribution) On a point of order, Mr Hoyle. The amendment is very narrowly drawn. I have listened to the debate v...
Hugh Bayley | 527 c574 (Link to this contribution) Is it the Government's policy, then, to use fiscal measures to reduce carbon emissions? Is that what...
Barry Gardiner | 527 c575 (Link to this contribution) If I interpreted the note correctly, it was a projection of what might happen as a result of the fis...
Hugh Bayley | 527 c575 (Link to this contribution) One would assume that a Government estimate has been made on the basis of some evidence. My hon. Fri...
Jim Fitzpatrick | 527 c575 (Link to this contribution) Technological advances such as hybrid vehicles, greener cars, electric vehicles and biofuels might l...
Hugh Bayley | 527 c574 (Link to this contribution) The Economic Secretary wants to intervene, and I hope she can tell me that the analysis has been don...
Justine Greening | 527 c574 (Link to this contribution) I direct the hon. Gentleman to the tax note that we issued at the Budget. The answers to his questio...
Hugh Bayley | 527 c574 (Link to this contribution) I have not read it—[Interruption.] That is why I ask the question. If the hon. Lady would care to re...
Justine Greening | 527 c574 (Link to this contribution) As the hon. Gentleman could not read the note himself in advance of the debate, I shall read it to h...
Hugh Bayley | 527 c572-4 (Link to this contribution) First, I want to compare the records on fuel taxation of the most recent Labour Government and the p...
Steve Rotheram | 527 c567 (Link to this contribution) I am sure that my hon. Friend would agree with the old adage, ““You can't fool all the people all th...
Chair of Committees of the Whole House | 527 c566 (Link to this contribution) Order. As Mr Hosie knows, that is not a point of order.
Alison McGovern | 527 c566-7 (Link to this contribution) Thank you, Mr Hoyle. It would be testing your patience not to stick to the amendment, as I shall end...
Alison McGovern | 527 c567 (Link to this contribution) My hon. Friend makes an important, if a little lengthy point. People will not be fooled, because the...
Chair of Committees of the Whole House | 527 c567 (Link to this contribution) Order. I am ruling that interventions must be short and letting the Committee know that we will be t...
Alison McGovern | 527 c566 (Link to this contribution) And that is a fundamental principle that Labour Members hold dear.
Stewart Hosie | 527 c566 (Link to this contribution) On a point of order, Mr Hoyle. It is entirely up to the hon. Lady to give way as she sees fit, but w...
Ian Mearns | 527 c569 (Link to this contribution) I am trying to point out to Ministers that fuel duty imposed nationally has a differential impact ac...
Lord Beamish | 527 c569 (Link to this contribution) Was not the Conservatives' promise at the last election to dual the A1 another promise that they hav...
Ian Mearns | 527 c569-70 (Link to this contribution) What happened over a number of years—I am afraid that our Government were not immune from this—was t...
Mike Gapes | 527 c570-1 (Link to this contribution) The amendment states that the Chancellor should"““publish, within 3 months… an assessment of the imp...
Lord Beamish | 527 c571 (Link to this contribution) I take my hon. Friend's point about the abuse of red diesel, but may I disabuse him of the fact that...
Mike Gapes | 527 c571 (Link to this contribution) Obviously I am not as accomplished as my hon. Friend at making contact with the criminal elements in...
Ian Mearns | 527 c567-8 (Link to this contribution) I know that we are in Committee, but let me take this opportunity to send my best wishes to parliame...
Lord Beamish | 527 c568 (Link to this contribution) Does my hon. Friend agree that the impact of fuel duty is exactly the kind of issue that could be ra...
Ian Mearns | 527 c568-9 (Link to this contribution) That is exactly what I am suggesting such a report could achieve. The VAT chargeable on the duty el...
Andrew Gwynne | 527 c569 (Link to this contribution) My hon. Friend is making a superb case stating the competitive disadvantage that the Government's po...
Lord Bruce of Bennachie | 527 c592 (Link to this contribution) I will give way to the former Minister.
Malcolm Wicks | 527 c592 (Link to this contribution) The right hon. Gentleman is making a very thoughtful speech. Does he agree that there is a geopoliti...
Lord Bruce of Bennachie | 527 c592-3 (Link to this contribution) It certainly is. The United Kingdom continental shelf has the potential to supply up to 70% of our r...
Anne Begg | 527 c593 (Link to this contribution) I am very interested in what the right hon. Gentleman has to say, but would not what he is proposing...
Lord Bruce of Bennachie | 527 c593 (Link to this contribution) No. I have listened carefully to the case Ministers have made, and it is important to acknowledge th...
Stewart Hosie | 527 c593 (Link to this contribution) I take it the right hon. Gentleman is not unhappy that tax levels are sensitive to profit, and I thi...
Lord Bruce of Bennachie | 527 c594 (Link to this contribution) I think, hope and believe that Ministers do understand it. That is one reason why I believe that if ...
David Anderson | 527 c592 (Link to this contribution) Will the right hon. Gentleman give way?
Lord Bruce of Bennachie | 527 c592 (Link to this contribution) I want to make a bit more progress. The Government have made their case, and have defended it. I am...
Lord Bruce of Bennachie | 527 c595 (Link to this contribution) The evidence suggests that sudden step changes to taxes have been made by successive Governments and...
Lord Beamish | 527 c595 (Link to this contribution) Will the right hon. Gentleman give way?
Lord Bruce of Bennachie | 527 c594 (Link to this contribution) Indeed, some are even in Stornoway. It is important that this is seen to be a national industry. I ...
Geoffrey Robinson | 527 c594-5 (Link to this contribution) I do not wish to delay the House, but I must ask the right hon. Gentleman: when did the Labour Gover...
Andrew Gwynne | 527 c597 (Link to this contribution) My hon. Friend is making an excellent point. Given the concern I raised earlier about people in the ...
Lord Bruce of Bennachie | 527 c595-6 (Link to this contribution) No, because I wish to make progress and reach the end of my remarks. The final amendments in the gr...
Kerry McCarthy | 527 c596-7 (Link to this contribution) It is always a pleasure to follow the right hon. Member for Gordon (Malcolm Bruce). He has made an e...
Lord Bruce of Bennachie | 527 c594 (Link to this contribution) Time will tell—that is all I can say to the hon. Gentleman. My hon. Friend the Member for West Aberd...
Geoffrey Robinson | 527 c594 (Link to this contribution) A series of reasoned and reasonable amendments stand in the name of the right hon. Gentleman and tha...
Kerry McCarthy | 527 c601 (Link to this contribution) The Minister is trying to return to the topic we debated in the previous group, so perhaps she shoul...
Kerry McCarthy | 527 c602 (Link to this contribution) Again, that is a very good intervention by my hon. Friend. The industry needs stability and long-ter...
Andrew Gwynne | 527 c601-2 (Link to this contribution) My hon. Friend is making a superb case about the short-termism of the Government's approach, and is ...
Lord Beamish | 527 c603 (Link to this contribution) Does the hon. Gentleman agree with the point made by my right hon. Friend the Member for Croydon Nor...
Stewart Hosie | 527 c602-3 (Link to this contribution) The right hon. Member for Gordon (Malcolm Bruce) said in his opening remarks that the Government wan...
Andrew Gwynne | 527 c604 (Link to this contribution) The hon. Gentleman has made a superb point about the Morecambe bay gas field. Is it not crazy econom...
Stewart Hosie | 527 c603-4 (Link to this contribution) In terms of energy security it is very foolish indeed. This is about not only the increase in the s...
Anne Begg | 527 c605 (Link to this contribution) Does the hon. Gentleman agree that because the UK continental shelf is now a mature province, many o...
Stewart Hosie | 527 c604-5 (Link to this contribution) I could not agree more. This is not just about Scotland, but about the entire UK continental shelf a...
Stewart Hosie | 527 c605 (Link to this contribution) That is absolutely right. I said when I intervened on the right hon. Member for Gordon that of cours...
Lord Beamish | 527 c598-9 (Link to this contribution) Does my hon. Friend agree that many people in the north-east who were previously made redundant from...
Kerry McCarthy | 527 c598 (Link to this contribution) Certainly, when I met Oil & Gas UK, it was very surprised and seemed to be of the view that the Trea...
Lord Beamish | 527 c597 (Link to this contribution) Does my hon. Friend find it remarkable that such a decision should have been taken in such haste tha...
Kerry McCarthy | 527 c597 (Link to this contribution) My hon. Friend makes a valid point. I wonder what the current sales and marketing finance manager fo...
Lord Beamish | 527 c600 (Link to this contribution) The Economic Secretary said in her winding-up speech on the last group of amendments that the result...
Kerry McCarthy | 527 c599-600 (Link to this contribution) Precisely. We come back to that time and again with this Government. They are looking at the very sh...
Anne Begg | 527 c599 (Link to this contribution) Does my hon. Friend agree that the best way to deal with the deficit is to grow the economy? The ind...
Kerry McCarthy | 527 c599 (Link to this contribution) My hon. Friend makes an important point. The jobs being lost are in areas where there is little othe...
Justine Greening | 527 c601 (Link to this contribution) The hon. Lady is providing a critique of our policy, but her party has just decided not to oppose ou...
Kerry McCarthy | 527 c600-1 (Link to this contribution) The Economic Secretary said that it had led to a drop of 0.8p at the pumps between 23 March and 28 M...
David Anderson | 527 c610 (Link to this contribution) Does my hon. Friend agree that one of the differences between what is happening now and what happene...
Helen Goodman | 527 c610 (Link to this contribution) I do not accept the hon. Lady's analysis. Unnecessary complexity is one of the problems. A positive ...
Graham Stuart | 527 c610 (Link to this contribution) The hon. Lady mentioned the Government's policy on rebalancing the economy. One of the most importan...
Helen Goodman | 527 c610 (Link to this contribution) That is a powerful point. What happened then contrasts with the total lack of consultation by this G...
Andrew Gwynne | 527 c610 (Link to this contribution) That is precisely the point. The jobs in a lot of the support industries for the gas and oil industr...
Therese Coffey | 527 c610 (Link to this contribution) I do not know when the hon. Lady first came to the House, but she will recall that when the Labour G...
Helen Goodman | 527 c610 (Link to this contribution) That is absolutely right. The investment that the Labour Government tried to encourage in completely...
Helen Goodman | 527 c611 (Link to this contribution) I entirely accept your guidance, Mr Hoyle. There is obviously a supply chain for the oil and gas se...
Chair of Committees of the Whole House | 527 c611 (Link to this contribution) Order. We are straying from the amendments if we start talking about job losses. Let us try to keep ...
David Mowat | 527 c611 (Link to this contribution) At the current price of $120 a barrel, the average return on capital employed for a medium-sized fie...
Helen Goodman | 527 c608 (Link to this contribution) I defer to my hon. Friend's knowledge of poultry-keeping. However, I agree that that is the problem ...
Andrew Gwynne | 527 c608 (Link to this contribution) It is excellent that my hon. Friend is bringing her Treasury expertise to this debate. She is adding...
Helen Goodman | 527 c607-8 (Link to this contribution) It is a great pleasure to take part in this debate and to follow the hon. Member for West Aberdeensh...
Lord Beamish | 527 c606 (Link to this contribution) I congratulate the hon. Gentleman on standing up for his constituents; he is doing the right thing. ...
Robert Smith | 527 c605-6 (Link to this contribution) I remind the House of my entry in the Register of Members' Financial Interests as a shareholder in S...
Helen Goodman | 527 c609-10 (Link to this contribution) Of course. I am extremely concerned, as my hon. Friend and neighbour is, about the impact that the p...
Lord Beamish | 527 c609 (Link to this contribution) The argument made strongly by the Government is that the north-east economy should rebalance itself ...
Helen Goodman | 527 c608-9 (Link to this contribution) That is absolutely right. It is extremely worrying for the gas industry that the tax is being linked...
Lord Beamish | 527 c608 (Link to this contribution) Does my hon. Friend not think it incredible that the Treasury officials whom she worked alongside fo...
Lord Beamish | 527 c619 (Link to this contribution) My hon. Friend has done the Committee a favour by drawing our attention to amendment 11, and that is...
Helen Goodman | 527 c619 (Link to this contribution) Does my hon. Friend agree that the problem is that the Government have no strategy? Just as they pan...
Lord Beamish | 527 c618-9 (Link to this contribution) I have known my hon. Friend for more than 25 years, and I think that this is the first time he has e...
David Anderson | 527 c615-6 (Link to this contribution) My hon. Friend is correct. That debate went on in the Labour party for a long time long before that ...
Lord Beamish | 527 c616 (Link to this contribution) Does my hon. Friend agree that the windfall tax, which was a one-off tax and quite clearly understoo...
David Anderson | 527 c616 (Link to this contribution) In the learned advice that she gave, my hon. Friend the Member for Bishop Auckland spelt out more cl...
Hugh Bayley | 527 c616 (Link to this contribution) I wonder whether my hon. Friend has read the article in today's edition of The Guardian entitled ““A...
David Anderson | 527 c616-7 (Link to this contribution) I have read that report. Whatever hon. Members' views, we respect the Chair of the Treasury Committe...
Lord Beamish | 527 c617-8 (Link to this contribution) Let me begin by congratulating the right hon. Member for Gordon (Malcolm Bruce) and the hon. Member ...
Andrew Gwynne | 527 c615 (Link to this contribution) Is that not exactly the difference between this measure and the example raised in an earlier interve...
Helen Goodman | 527 c614 (Link to this contribution) Does my hon. Friend agree that the expertise, research undertaken and skills gained on the UK contin...
Helen Goodman | 527 c611-2 (Link to this contribution) No, Centrica is a gas company. Oil companies, even if they do not have petrol companies within them ...
Lord Beamish | 527 c612 (Link to this contribution) Obviously many other taxpayers would like to be able to negotiate their tax codes with the Inland Re...
Helen Goodman | 527 c611 (Link to this contribution) I do not have the precise figure at the back of my mind and I am not going to pluck out of the air a...
David Mowat | 527 c611 (Link to this contribution) The point about petrol prices has often been raised. The hon. Lady has mentioned both Centrica and S...
Lord Beamish | 527 c613 (Link to this contribution) A large number of individuals, many of whom live in my constituency and that of my hon. Friend, work...
David Anderson | 527 c613-4 (Link to this contribution) My hon. Friend is absolutely right. These people are rightly still among the most well-paid people i...
Helen Goodman | 527 c612 (Link to this contribution) My hon. Friend has hit the nail on the head. This opens a huge hole in front of the Minister's reven...
David Anderson | 527 c612-3 (Link to this contribution) I want to speak in support of amendment 10, but first I want to say something about the speech of th...
Justine Greening | 527 c622 (Link to this contribution) Realistically, it is not always possible to discuss rate changes with the industries concerned. It i...
Anne Begg | 527 c622 (Link to this contribution) Plenty of other companies and industries deal in commodities whose prices go up, and plenty of other...
Helen Goodman | 527 c620 (Link to this contribution) There is also a problem with partnerships between the private sector and the universities.
Lord Beamish | 527 c620-1 (Link to this contribution) There is indeed. There are also new technologies. For example, the development of mine ploughs for m...
Justine Greening | 527 c622 (Link to this contribution) I will start by explaining why we introduced the increase in the supplementary charge rate. I will t...
David Anderson | 527 c622 (Link to this contribution) Is not the point that this debate should have happened before the Chancellor made the decision, not ...
Chair of Committees of the Whole House | 527 c620 (Link to this contribution) Order. Can you face the Chair, please? Thank you.
Helen Goodman | 527 c620 (Link to this contribution) Does my hon. Friend not agree, as the hon. Member for Dundee East (Stewart Hosie) said, that there i...
Andrew Gwynne | 527 c620 (Link to this contribution) Like my hon. Friend, I feel passionately about those jobs in those cutting-edge industries. Is not t...
Lord Beamish | 527 c620 (Link to this contribution) It is, and the north-east has been able to take advantage of the change in, for example, the River T...
Anne Begg | 527 c619 (Link to this contribution) If it is necessary to bring in all sorts of complicated extra things to mitigate the effects of a ta...
Lord Beamish | 527 c619-20 (Link to this contribution) My hon. Friend makes a very good point, and her point about investment will increasingly be thought ...
Helen Goodman | 527 c619 (Link to this contribution) Does my hon. Friend agree that it is also not clear, when a company negotiates its own tax regime, w...
Lord Beamish | 527 c619 (Link to this contribution) It does, and that leads us to the point about how we would arbitrate in disputes between different c...
Ian Mearns | 527 c636;527 c635 (Link to this contribution) The average cut in local authority grant in the 12 authorities in the north-east of England is 24%, ...
Lord Hanson of Flint | 527 c637;527 c635 (Link to this contribution) There are a range of reasons for those proposals. As part of the Government's proposals to cut publi...
Lord Beamish | 527 c637;527 c635 (Link to this contribution) One of the mistakes that the Government make is to think, ““Public sector bad, private sector good.”...
Lord Hanson of Flint | 527 c637;527 c635 (Link to this contribution) I am acutely aware that in my constituency the public sector and the private sector remain intertwin...
David Anderson | 527 c637;527 c635 (Link to this contribution) In the previous debate it was clear that the Government had embarked on a series of measures arising...
Lord Hanson of Flint | 527 c637-8;527 c635-6 (Link to this contribution) My hon. Friend's region, the north-east, faces the highest unemployment in the whole United Kingdom,...
Ian Mearns | 527 c638;527 c636 (Link to this contribution) Government Members say that it is all our fault, but at the same time they say that we are all in th...
Lord Hanson of Flint | 527 c638;527 c636 (Link to this contribution) Clearly we are not all in this together, because even now there are differences in the rate of unemp...
Lord Hanson of Flint | 527 c638;527 c636-7 (Link to this contribution) If the hon. Gentleman reflects on the unemployment figures for May 2010 and May 2011 he will find th...
Hugh Bayley | 527 c639;527 c637 (Link to this contribution) The hon. Member for Beverley and Holderness (Mr Stuart) is getting a little tired and tetchy—the hou...
Lord Hanson of Flint | 527 c638;527 c636 (Link to this contribution) If the hon. Gentleman looks at the Order Paper, he will see that the business may continue until any...
Graham Stuart | 527 c638;527 c636 (Link to this contribution) I am happy to intervene on the right hon. Gentleman, who has repeated one phrase five times already ...
Lord Hanson of Flint | 527 c639;527 c637 (Link to this contribution) Well, we need to look at the impact of that particular cut, and I will say it eight times for the ho...
Chair of Committees of the Whole House | 527 c639;527 c637 (Link to this contribution) Order. May I suggest that we try to stick to the clause? On both sides, we do need to try to stick t...
Lord Hanson of Flint | 527 c639;527 c637 (Link to this contribution) The clause is about a corporation tax cut, and my argument is that because of the Government's massi...
Eilidh Whiteford | 527 c623 (Link to this contribution) I am pleased that the Economic Secretary recognises the impact that fuel prices have been having on ...
Justine Greening | 527 c624-5 (Link to this contribution) I only wish that the hon. Gentleman's assertion was correct. The previous Parliament debated this ve...
Helen Goodman | 527 c625 (Link to this contribution) I am just a little concerned about how the Minister expressed herself in her most recent remarks. My...
Justine Greening | 527 c625 (Link to this contribution) I do not think that that is true. It is perfectly normal and reasonable for the Treasury to work wit...
Justine Greening | 527 c623 (Link to this contribution) We have just agreed to clause 19 without either the Scottish National party or the Labour party havi...
Anne Begg | 527 c623 (Link to this contribution) Will the Economic Secretary give way?
Justine Greening | 527 c623 (Link to this contribution) Let me make a bit more progress, because Members have raised some real concerns and I want to ensure...
Lord Beamish | 527 c626 (Link to this contribution) In response to my hon. Friend the Member for Bishop Auckland (Helen Goodman), the Minister talked ab...
Justine Greening | 527 c626 (Link to this contribution) The hon. Gentleman is missing the point that because of the high oil price there is continued invest...
Stewart Hosie | 527 c626 (Link to this contribution) It is worth pointing out the Professor Kemp states that his projections are all in real terms, so th...
Lord Beamish | 527 c636;527 c634 (Link to this contribution) My right hon. Friend mentions that the unemployment rate in the north-east is in excess of 10%, but ...
Lord Hanson of Flint | 527 c636;527 c634 (Link to this contribution) I am grateful to my hon. Friend for raising that. One of the themes that I shall develop in our disc...
Lord Hanson of Flint | 527 c635-6;527 c633-4 (Link to this contribution) The hon. and learned Gentleman may say that, but this is an argument about corporation tax and if Me...
Lord Bruce of Bennachie | 527 c628 (Link to this contribution) We have had a very useful debate, in which Members from all parts of the Committee have had the oppo...
Lord Hanson of Flint | 527 c635;527 c633 (Link to this contribution) It is a great pleasure to be in the Chamber this evening, Mr Hoyle, for what I hope will be a fruitf...
Justine Greening | 527 c626-8 (Link to this contribution) I just said that we accept that there will be a marginal impact; however, Wood Mackenzie has said th...
Lord Hanson of Flint | 527 c644-5;527 c643 (Link to this contribution) That is the key issue. This is why the discussion has strayed into public spending. The Exchequer Se...
Lord Hanson of Flint | 527 c645;527 c643-4 (Link to this contribution) Well, it is possible to speak until any hour and on any point, and we are trying to do that and expl...
Lord Beamish | 527 c644;527 c642 (Link to this contribution) I am grateful to my right hon. Friend for giving way, but I am sure that I could speak for a lot lon...
Lord Hanson of Flint | 527 c644;527 c642 (Link to this contribution) I will give way to my hon. Friend, but I want to finish in a moment—[Interruption.]
Lord Hanson of Flint | 527 c644;527 c642 (Link to this contribution) RDAs are a very important factor in our discussion. The Minister indicated why the corporation tax c...
Lord Hanson of Flint | 527 c643;527 c641-2 (Link to this contribution) When we originally wished to discuss these matters, we looked into that point, because the corporati...
Phil Wilson | 527 c643;527 c641 (Link to this contribution) Does my right hon. Friend recognise that to pay for the corporation tax cut, the Government are havi...
Lord Hanson of Flint | 527 c643;527 c641 (Link to this contribution) My hon. Friend makes the point strongly. The funding for regional development agencies and for train...
Lord Beamish | 527 c643;527 c641 (Link to this contribution) We heard earlier that the cut would basically give banks a cash hand-out of nearly £100 million, but...
Lord Hanson of Flint | 527 c642;527 c640 (Link to this contribution) I pray in aid my constituency, which contains the firm Airbus, which makes world-class planes, emplo...
Graham Stuart | 527 c642;527 c640 (Link to this contribution) Will the right hon. Gentleman explain to the Committee what role he thinks corporation tax played in...
Lord Hanson of Flint | 527 c642-3;527 c641 (Link to this contribution) Whatever mistakes the previous Labour Government sometimes made—every Government will make mistakes—...
Lord Beamish | 527 c642;527 c640 (Link to this contribution) I sympathise with the constituency of the hon. Member for South Thanet (Laura Sandys). When such job...
Laura Sandys | 527 c641;527 c639 (Link to this contribution) I would like to make it clear that Pfizer has made the specific point to the Government, to me and t...
Lord Hanson of Flint | 527 c641;527 c639 (Link to this contribution) Exactly. One of the key issues that we need to consider is the relationship between the north of Ire...
Laura Sandys | 527 c641;527 c640 (Link to this contribution) We will achieve new jobs in the area by encouraging small businesses to set up, and they are highly ...
Lord Hanson of Flint | 527 c641;527 c640 (Link to this contribution) I recognise what the hon. Lady says. My point is not related to that issue. My point is that the cha...
Lord Hanson of Flint | 527 c642;527 c640 (Link to this contribution) I would not disagree with that. In fact, we believe that the clause is very valuable. The simple poi...
Lord Hanson of Flint | 527 c640-1;527 c638-9 (Link to this contribution) I am grateful to the hon. Gentleman, who will remember that whatever the unemployment figures were i...
Chair of Committees of the Whole House | 527 c640;527 c638 (Link to this contribution) Order. The debate is not about unemployment figures under this Government or the previous Government...
Lord Beamish | 527 c641;527 c639 (Link to this contribution) I am glad that my right hon. Friend has raised international comparisons of corporation tax. One of ...
Lord Hanson of Flint | 527 c639;527 c637 (Link to this contribution) The hon. Gentleman might like to take the issue more seriously than he is doing, because it is impor...
Rehman Chishti | 527 c640;527 c638 (Link to this contribution) To clarify the point that Opposition Members have made about unemployment being higher in the north-...
Lord Hanson of Flint | 527 c640;527 c638 (Link to this contribution) My hon. Friend will be aware that in his constituency, as of this month, 2,443 people are unemployed...
Lord Beamish | 527 c639;527 c638 (Link to this contribution) I am sorry, but I will take no lectures from the Conservative party on unemployment, which at its lo...
Mike Weir | 527 c590 (Link to this contribution) The hon. Gentleman makes a good case, but he will know that it is not just the immediate impact that...
Lord Bruce of Bennachie | 527 c590 (Link to this contribution) At this stage, I am not here to attribute responsibility for the decision. My concern is—[Interrupti...
Lord Bruce of Bennachie | 527 c591 (Link to this contribution) Let me make some progress. With an oil price of $125, people will often say, ““Most projects in the...
Lord Bruce of Bennachie | 527 c591 (Link to this contribution) That is a perfectly valid and fair point, and it is clear that Ministers across all Departments unde...
Lord Beamish | 527 c589 (Link to this contribution) One of the arguments put forward by the Treasury is that the 82% tax rate to which the right hon. Ge...
Lord Bruce of Bennachie | 527 c589 (Link to this contribution) That was precisely the point of my illustration about Apache and the Forties field. It wants to inve...
Mike Weir | 527 c589 (Link to this contribution) Will the right hon. Gentleman give way?
Lord Bruce of Bennachie | 527 c589-90 (Link to this contribution) Before I do, I want to point out that today I received the Oil and Gas UK index of confidence in the...
Angus Brendan MacNeil | 527 c590 (Link to this contribution) Is the right hon. Gentleman happy with what his Government are doing in the North sea?
Lord Bruce of Bennachie | 527 c590 (Link to this contribution) The fact that I am moving the amendment makes fairly clear what I think and what I am trying to do. ...
Geoffrey Robinson | 527 c590 (Link to this contribution) The right hon. Gentleman makes a fair point about the lack of consultation and involvement with the ...
Helen Goodman | 527 c591 (Link to this contribution) I understand that the right hon. Gentleman seeks flexibility on the part of Ministers and is trying ...
Lord Bruce of Bennachie | 527 c591 (Link to this contribution) I think the answer is that I want to hear what the Minister has to say.
Eilidh Whiteford | 527 c591 (Link to this contribution) The right hon. Gentleman has rightly drawn attention to the loss of confidence in the oil and gas se...
Lord Bruce of Bennachie | 527 c591 (Link to this contribution) That is precisely why my hon. Friend the Member for West Aberdeenshire and Kincardine (Sir Robert Sm...
Lord Bruce of Bennachie | 527 c591-2 (Link to this contribution) Hang on a minute. We have had a series of debates tonight, and have heard a number of lengthy speech...
Justine Greening | 527 c581 (Link to this contribution) The hon. Gentleman will be aware that the derogation is to carry out a pilot to look at how we can s...
John McDonnell | 527 c581 (Link to this contribution) In the Budget statement, the Government informed us that they were submitting a derogation request t...
Justine Greening | 527 c581 (Link to this contribution) My hon. Friend is right to refer to the response of hauliers to the previous Government's policy. T...
Penny Mordaunt | 527 c581 (Link to this contribution) I have listened to this debate with great interest, because I was previously spokesman for the Freig...
Justine Greening | 527 c580-1 (Link to this contribution) No, we have heard enough from Labour Members. We had to take decisions to support motorists in spit...
Justine Greening | 527 c580 (Link to this contribution) I will tell the hon. Gentleman one thing we did not do, and that is hand over a huge fiscal deficit ...
Hugh Bayley | 527 c580 (Link to this contribution) I read from a Library briefing:"““In its Budget in March 1993 the Conservative Government introduced...
Justine Greening | 527 c581 (Link to this contribution) I will give way to the hon. Gentleman once more.
Hugh Bayley | 527 c581-2 (Link to this contribution) The Economic Secretary has been extremely generous. A few minutes ago she referred to the deficit an...
James Gray | 527 c587 (Link to this contribution) On a point of order, Mr Hoyle. I should apologise to you and the Committee for an inadvertent breach...
Chair of Committees of the Whole House | 527 c587-8 (Link to this contribution) With this it will be convenient to discuss the following:
Lord Bruce of Bennachie | 527 c587 (Link to this contribution) I beg to move amendment 13, page 2, line 36, leave out 'for ““20%”” substitute ““32%””', and insert
Julie Hilling | 527 c582 (Link to this contribution) I am a little bit confused, because the Economic Secretary is talking about how wonderful the Govern...
Justine Greening | 527 c582 (Link to this contribution) The hon. Gentleman is obviously one of the Labour party's structural deficit refuseniks. He simply r...
Kerry McCarthy | 527 c583-4 (Link to this contribution) We have had an interesting debate over the past couple of hours. It is notable that although we have...
Justine Greening | 527 c582-3 (Link to this contribution) As the hon. Member for Wallasey (Ms Eagle) said back in May 2009,"““there are very few even socialis...
Lord Bruce of Bennachie | 527 c588-9 (Link to this contribution) The purpose of this group of amendments is to persuade the Government to engage with the oil and gas...
Andrew Gwynne | 527 c589 (Link to this contribution) I accept the right hon. Gentleman's points about the North sea, but will he acknowledge that it is n...
Lord Bruce of Bennachie | 527 c589 (Link to this contribution) That is a very fair intervention. Perhaps I am using the term ““North sea”” in a slightly generic fa...
Hugh Bayley | 527 c575 (Link to this contribution) I am going to sit down shortly to let my hon. Friend himself make a speech, but I shall certainly gi...
Hugh Bayley | 527 c575 (Link to this contribution) The premise that my hon. Friend puts forward is absolutely right. The fact that more and more people...
Hugh Bayley | 527 c576 (Link to this contribution) I keep trying to sit down, but my hon. Friends are preventing me from doing so.
Hugh Bayley | 527 c575-6 (Link to this contribution) That could very well be the case, and we will listen with great interest to what the Minister says i...
Lord Beamish | 527 c575 (Link to this contribution) May I propose a third reason for the reduction—political expediency and creating the impression that...
Lord Beamish | 527 c576-7 (Link to this contribution) I support the amendment, which asks for a review. In the previous debate, we asked for a review of t...
Hugh Bayley | 527 c576 (Link to this contribution) Yes, I have had third sector organisations coming to me and saying how much more difficult life is g...
Julie Hilling | 527 c576 (Link to this contribution) My hon. Friend mentions the potential effects on the environment, tax-raising and families. A projec...
Lord Beamish | 527 c577 (Link to this contribution) I am becoming concerned. The hon. Lady's blood pressure does not seem stable tonight. She seems to b...
Lord Beamish | 527 c577-8 (Link to this contribution) That is a very good suggestion. That is one of the issues that could be included in the review. Do t...
Andrew Gwynne | 527 c577 (Link to this contribution) Does my hon. Friend recall that the Chancellor of the Exchequer, soon after the Budget, took a very ...
Lord Beamish | 527 c578 (Link to this contribution) If the hon. Gentleman had been listening, he would know that I was not arguing for regional variatio...
Graham Stuart | 527 c578 (Link to this contribution) The hon. Gentleman is speaking movingly about his desire to see regional variations in taxation. He ...
Lord Beamish | 527 c578-9 (Link to this contribution) It is, but the islands derogation has been brought in as a sop to the Liberal Democrats. They have t...
Jim Shannon | 527 c578 (Link to this contribution) The hon. Gentleman mentions the price of fuel. In Northern Ireland this week the price of diesel was...
Andrew Gwynne | 527 c580 (Link to this contribution) Is the Minister not even slightly embarrassed that her Government did not seek the powers to get a d...
Justine Greening | 527 c579-80 (Link to this contribution) Clause 19 cuts fuel duty by 1p per litre. In fact, it has already happened—at 6 pm on Budget day. Th...
Justine Greening | 527 c580 (Link to this contribution) The hon. Gentleman's party does not even have a position on that because Labour Members abstained on...
Chris Leslie | 527 c480 (Link to this contribution) It is indeed, and that is the crux of the argument that we will make to try to encourage hon. Member...
Andrew Love | 527 c478 (Link to this contribution) Does my hon. Friend agree that in setting the rate the Government missed an opportunity? The bank le...
Ian Mearns | 527 c618 (Link to this contribution) I must say that I am completely overcome by the power of my hon. Friend's argument and wonder whethe...
David Anderson | 527 c614-5 (Link to this contribution) My hon. Friend is absolutely right about that. There is no doubt that as we move further forward and...
Justine Greening | 527 c622-3 (Link to this contribution) The point is that we faced an increase in oil prices that had fed through pretty directly to pump pr...
Stewart Hosie | 527 c623 (Link to this contribution) But the tax rate was 50% before. Although clause 19 has been agreed to, it ought to have been paid f...
Ian Mearns | 527 c643-4;527 c642 (Link to this contribution) The abolition of RDAs will be compensated by the reduction in corporation tax, but how will the Gove...
Baroness Chapman of Darlington | 527 c525 (Link to this contribution) This is not just about banker bashing, as my hon. Friend will know; this is about an opportunity cos...
Lord Beamish | 527 c532 (Link to this contribution) If the hon. Gentleman believes that it is possible to obtain all the answers that he requires by mea...
Nicholas Dakin | 527 c507 (Link to this contribution) I thank my hon. Friend for that intervention. She draws attention to the fact that people see banks ...
Kerry McCarthy | 527 c557-8 (Link to this contribution) The backdrop to today's debate is an economy that is flat-lining, as the Chief Secretary to the Trea...
Lord McLoughlin | 527 c552 (Link to this contribution) claimed to move the closure (Standing Order No. 36).
Kerry McCarthy | 527 c560 (Link to this contribution) My hon. Friend makes an absolutely valid point, which I was just about to turn to. Some people will ...
Geoffrey Robinson | 527 c537-8 (Link to this contribution) Does my hon. Friend know why the Government set £2.5 billion as the absolute limit for the amount th...
Roberta Blackman-Woods | 527 c544 (Link to this contribution) May I draw my hon. Friend back to the use of the bank bonus tax to promote growth? We heard last wee...
Gregory Campbell | 527 c538 (Link to this contribution) The hon. Gentleman makes an interesting point. The Government would be helpful to us if they clarifi...
Stephen Pound | 527 c532 (Link to this contribution) According to the current edition of Private Eye, when the hon. Member for Ipswich (Ben Gummer) enter...
Justine Greening | 527 c577 (Link to this contribution) Will the hon. Gentleman tell the Committee whether he voted against the VAT increase? I suspect he d...
Malcolm Wicks | 527 c592 (Link to this contribution) Will the right hon. Gentleman give way?
Robert Smith | 527 c606-7 (Link to this contribution) Those hon. Members may have chosen to speak in other ways; they can raise matters with Ministers dir...
Chris Leslie | 527 c488-90 (Link to this contribution) In a moment, but I need to make some progress. I understand that there is a difference between shor...
Chris Leslie | 527 c490-1 (Link to this contribution) My hon. Friend is entirely correct. As I have said before, this shows the failure of the Government ...
Geoffrey Robinson | 527 c500 (Link to this contribution) The right hon. Gentleman wants to ensure that we get the maximum return possible when we bring the b...
Lord Beamish | 527 c503 (Link to this contribution) I do not know whether my hon. Friend saw the Newcastle Journal on Saturday, but he knows that the ho...
Chris Leslie | 527 c484 (Link to this contribution) As I said, we would repeat the bank bonus tax that we instituted last year, and we think that the ba...
Chris Leslie | 527 c486 (Link to this contribution) And royal weddings, as my hon. Friend suggests. This is a great place to do business, and the small ...
Lord Beamish | 527 c528 (Link to this contribution) Yes, possibly. The Government are getting used to performing U-turns on a daily basis: and after Thu...
Andrew Gwynne | 527 c516 (Link to this contribution) My hon. Friend is making a perfectly good point about the historical context of the global downturn....
John McDonnell | 527 c513 (Link to this contribution) My hon. Friend has campaigned on this issue for a considerable period. Is it not true that the bank ...
Chair of Committees of the Whole House | 527 c552 (Link to this contribution) Order. I think it would be of interest to the House to hear from the hon. Member for Nottingham East...
Kerry McCarthy | 527 c557 (Link to this contribution) I beg to move amendment 7, page 12, line 36, at end add—
Stewart Hosie | 527 c558 (Link to this contribution) The argument that a derogation in remote and rural areas is somehow an increase elsewhere is an inte...
Mike Gapes | 527 c572 (Link to this contribution) Thank you, Mr Hoyle. I will, as always, take your sagacious advice. We need to look at the conseque...
Mike Gapes | 527 c571-2 (Link to this contribution) I entirely agree. I believe that one of the difficulties in our economy, which affects our haulage ...
Subjects
Banks
Financial services
Excise duties
Fuels
EU economic policy
Exploration
Economic growth
Oil
Pay
Natural gas
Public expenditure
Prices
Offshore industry
Regulation
Taxation
VAT
Tax yields
North Sea oil
Bank levy
Legislation
Finance (No. 3) Bill 2010-12
Contains statistics
Yes
Link
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