UK Parliament / Open data

Growth and Infrastructure Bill

Debate on bills on Wednesday, 20 March 2013, in the House of Lords.
Type
Parliamentary proceeding
Reference
744 cc594-632 
Session
2012-13
Legislative stage
Report stage
Chamber / Committee
House of Lords chamber
Growth and Infrastructure Bill 2012-13. As amended in Committee.
Wednesday, 6 February 2013
Bills
House of Lords
Proceeding contributions
Lord Flight | 744 c594 (Link to this contribution)

Moved by

Lord Flight

49C: Clause 27, page 35, line 28, at end insert—

“(12) Sha...

Lord Flight | 744 cc594-5 (Link to this contribution)

My Lords, I have always been a strong supporter of employees owning shares in the companies that ...


Show all contributions (62)
Lord Martin of Springburn | 744 c595 (Link to this contribution)

The noble Lord mentioned John Lewis. We all know that everyone working in John Lewis is a partner...

Lord Flight | 744 cc595-6 (Link to this contribution)

I am sure the noble Lord is correct. The employees who had shares in the company I built did not ...

Earl of Erroll | 744 c596 (Link to this contribution)

My Lords, I will speak only to this amendment. We will have the debate on whether employees shoul...

Lord Forsyth of Drumlean | 744 cc597-8 (Link to this contribution)

My Lords, very unusually, I find myself in disagreement with my noble friend Lord Flight. Normall...

Lord James of Blackheath | 744 c598 (Link to this contribution)

My Lords, I feel mounting concern as a result of what I said in Committee about this clause in a ...

Lord Stewartby | 744 cc598-9 (Link to this contribution)

My Lords, I will not follow in detail what my noble friend Lord Flight said in his excellent intr...

Lord Adonis | 744 c599 (Link to this contribution)

My Lords, I am sorry to disagree with the noble Lord, Lord Stewartby, but to my mind when you hav...

Viscount Younger of Leckie | 744 cc599-600 (Link to this contribution)

My Lords, I thank my noble friend Lord Flight for raising this matter, and for his general suppor...

Lord Forsyth of Drumlean | 744 c600 (Link to this contribution)

Will my noble friend give way? I apologise for interrupting.

Viscount Younger of Leckie | 744 cc600-1 (Link to this contribution)

If I may, I am about to address some points that my noble friend made concerning the tax status.<...

Baroness Brinton | 744 c601 (Link to this contribution)

Does the Minister accept that the flexibility for employees to negotiate the terms of any restric...

Viscount Younger of Leckie | 744 c601 (Link to this contribution)

My noble friend is taking rather a negative view. We need to look at the opportunities that the w...

Lord Forsyth of Drumlean | 744 c601 (Link to this contribution)

Is my noble friend saying that the scheme will work for restricted stock that is subject to condi...

Viscount Younger of Leckie | 744 c601 (Link to this contribution)

The discussions will take place before the employee shareholder goes into an agreement. If they a...

Baroness Garden of Frognal | 744 c601 (Link to this contribution)

My Lords, I remind Members of the rule that on Report no Member should speak to an amendment more...

Lord Forsyth of Drumlean | 744 c602 (Link to this contribution)

That is precisely what I am doing. I am seeking clarification on an important point. If someone c...

Viscount Younger of Leckie | 744 c602 (Link to this contribution)

That takes me back to the question raised by my noble friend Lady Brinton. If there are too many ...

Lord Flight | 744 cc602-3 (Link to this contribution)

My noble friend Lord Forsyth makes a fair point. If tax is to apply, it is difficult to determine...

Lord Pannick | 744 c603 (Link to this contribution)

Moved by

Lord Pannick

50: Clause 27, leave out Clause 27

Lord Pannick | 744 cc603-5 (Link to this contribution)

Your Lordships now come to whether Clause 27 should stand part of the Bill. As noble Lords have h...

Baroness Brinton | 744 cc604-8 (Link to this contribution)

My Lords, I am grateful to the noble Lord, Lord Pannick, for so eloquently outlining the case aga...

Baroness Turner of Camden | 744 c607 (Link to this contribution)

My Lords, I opposed this clause at Second Reading and in Committee, and I do so again. I support ...

Bishop of Bristol | 744 cc607-610 (Link to this contribution)

My Lords, I have put my name in support of this amendment to remove Clause 27 for two main reason...

Lord King of Bridgwater | 744 cc610-1 (Link to this contribution)

My Lords, I am delighted to follow my own Bishop, who represents a city in which for a considerab...

Earl of Erroll | 744 cc611-2 (Link to this contribution)

My Lords, I will make a couple of quick points on this. I keep hearing this tale about how power ...

Lord Forsyth of Drumlean | 744 c613 (Link to this contribution)

The noble Earl made a speech about employment protection being excessive. I am not sure I underst...

Earl of Erroll | 744 c613 (Link to this contribution)

Even better. Passing it does not matter then, but at least it would send the right signal and som...

Lord Lea of Crondall | 744 c613 (Link to this contribution)

My Lords, I think that it is fair to say that the noble Lord, Lord King of Bridgwater, has some o...

Lord Forsyth of Drumlean | 744 cc613-5 (Link to this contribution)

My Lords, I think that this is a positively dreadful clause. Perhaps I should declare three inter...

Lord Morris of Handsworth | 744 cc614-6 (Link to this contribution)

My Lords, I rise to support the amendment removing Clause 27. Let me make it absolutely clear tha...

Lord Vinson | 744 cc616-7 (Link to this contribution)

It is a privilege to follow such an impassioned speech, as well as the extremely logical speech o...

Lord O'Donnell | 744 c617 (Link to this contribution)

My Lords, I support the amendment. On this Budget day, it behoves us all to think about how we st...

Baroness Wheatcroft | 744 cc617-8 (Link to this contribution)

My Lords, many noble Lords today have explained that this is not the way to get the workplace fle...

Lord Flight | 744 cc618-9 (Link to this contribution)

My Lords, as I suggested in our debate on the previous amendment, I accept that some improvements...

Lord Adonis | 744 cc619-621 (Link to this contribution)

My Lords, in my eight years in the House I have never witnessed a government policy with less sup...

Lord Flight | 744 c620 (Link to this contribution)

I cannot see the argument that making shares free from capital gains tax is an act of tax avoidan...

Lord Adonis | 744 c620 (Link to this contribution)

I am sorry that the noble Lord has difficulty in seeing the argument. This is creating a complete...

Earl of Erroll | 744 c620 (Link to this contribution)

Excuse me, but I cannot let the noble Lord get away with that. It is the same as any other employ...

Lord Adonis | 744 cc620-2 (Link to this contribution)

My Lords, a new scheme is being introduced by this Bill. It is not an existing scheme. If that we...

Lord Adonis | 744 c622 (Link to this contribution)

My Lords, I have given away twice to the noble Lord. He has had plenty of opportunity to make his...

Lord Ahmad of Wimbledon | 744 c622 (Link to this contribution)

My Lords, we are on Report. Only points of clarification should be sought, and I ask the House to...

Lord Adonis | 744 c622 (Link to this contribution)

I am happy to give way to the noble Lord because every time he intervenes he maximises the vote i...

Lord Flight | 744 c622 (Link to this contribution)

The noble Lord clarified my previous point that the scheme was a new scheme that did not create t...

Lord Adonis | 744 c622 (Link to this contribution)

My Lords, who knows to what the funds would have been devoted before the scheme was created? That...

Lord Razzall | 744 c622 (Link to this contribution)

My Lords, I was hoping to precede the noble Lord, Lord Adonis, but he was too far out of his trap...

Lord Ahmad of Wimbledon | 744 c623 (Link to this contribution)

My Lords, I have already indicated that there are specific rules on Report that need to be respec...

Viscount Younger of Leckie | 744 cc623-6 (Link to this contribution)

My Lords, we have discussed the employee shareholder clause at length, and some Members of this H...

Baroness Brinton | 744 c626 (Link to this contribution)

The guidance notes that we saw were quite explicit that the prospective employee shareholder appl...

Viscount Younger of Leckie | 744 c626 (Link to this contribution)

It is indeed voluntary, but I would like to clarify that when it comes to a jobseeker seeking a j...

Lord Adonis | 744 c627 (Link to this contribution)

I am having some difficulty following the Minister's argument. He says that the acceptance of the...

Viscount Younger of Leckie | 744 c627 (Link to this contribution)

It is voluntary in that the individual can decide whether he or she wants to take this particular...

Lord Adonis | 744 c627 (Link to this contribution)

This is a really crucial point in our deliberations. The guidance that the Minister circulated to...

Viscount Younger of Leckie | 744 cc627-8 (Link to this contribution)

I can only reiterate that employee shareholder status is being treated in the same way, and that ...

Lord Pannick | 744 cc628-9 (Link to this contribution)

My Lords, I thank the Minister for his comprehensive reply. I sympathise with him because I am su...

Baroness Hanham | 744 c632 (Link to this contribution)

Moved by

Baroness Hanham

51: Clause 28, page 36, line 19, leave out “6(4)” and insert...

Baroness Hanham | 744 c632 (Link to this contribution)

Moved by

Baroness Hanham

53: Clause 31, page 37, line 9, at beginning insert “Section...

Baroness Hanham | 744 c632 (Link to this contribution)

Moved by

Baroness Hanham

56: Clause 31, page 37, line 9, leave out “Schedule 2”and in...

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