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Debate on bill on Tuesday, 4 July 2006, in the House of Commons.

Finance (No. 2) Bill

Finance (No 2) Bill. Ways and means resolution making provision for arrangements for the sale and repurchase of securities and transactions for lending money. Agreed to on question (formal). Report stage first day. New clause 2 debated and negatived on division (223 to 277). New clause 3, discussed with new clause 7, debated and negatived on division (207 to 289). New clause 4, discussed with new clause 6, debated and negatived on division (60 to 297). New clause 9, discussed with new clause 10 and new schedule 1, debated and negatived on division (214 to 279).

Secondary information

Type
Parliamentary proceeding
Reference
448 c658-787 
Session
2005-06
Department
Treasury
Legislative stage
Report stage
Procedure
New clauses
Ways and means resolutions
Chamber / Committee
House of Commons chamber
Related items
Proceeding contributions
Lord Goodman of Wycombe | 448 c773-5 (Link to this contribution) The House owes a debt to the hon. Member for Nottingham, South (Alan Simpson) and to all his accompl...
Alan Simpson | 448 c773 (Link to this contribution) That might tempt me to re-think my position. I accept that there is important validity in what my ri...
Show all contributions (274)
Alan Simpson | 448 c767 (Link to this contribution) I beg to move, That the clause be read a Second time.
Speaker | 448 c767-9 (Link to this contribution) With this it will be convenient to discuss the following: New clause 10—Energy efficiency: lower ra...
Peter Bone | 448 c771 (Link to this contribution) Does the hon. Gentleman agree that part of the rise in prices for consumers that has affected povert...
Alan Simpson | 448 c771-2 (Link to this contribution) No, I do not agree. One of the problems that we have in the UK is that we are now paying the price f...
Lord Field of Birkenhead | 448 c772 (Link to this contribution) Does my hon. Friend accept that he would simply be developing existing Government policy? In our inn...
Alan Simpson | 448 c772-3 (Link to this contribution) I had forgotten about that point, so I am grateful to my right hon. Friend for reminding me of it. H...
Lord Field of Birkenhead | 448 c773 (Link to this contribution) Given my hon. Friend’s normal stance, is there not some originality in his position of encouraging t...
John Bercow | 448 c745 (Link to this contribution) The hon. Gentleman is extremely adroit in making the best of a bad case. I am relatively non-committ...
Julia Goldsworthy | 448 c747 (Link to this contribution) The passion with which my hon. Friends have spoken is an indication of how strongly they feel about ...
Alistair Carmichael | 448 c747 (Link to this contribution) The hon. Gentleman is inviting me to speculate on any number of ifs, buts and maybes that might star...
Julia Goldsworthy | 448 c747-9 (Link to this contribution) If the hon. Gentleman has such resources at his fingertips, he could have raised the issue himself. ...
Andrew Turner | 448 c747 (Link to this contribution) When one wants a constructive debate to take place, one starts by providing information. It would no...
Robert Smith | 448 c746 (Link to this contribution) The converse, which the Treasury does not seem to accept, is that under our proposal, people will st...
Alistair Carmichael | 448 c745-6 (Link to this contribution) The hon. Gentleman’s anxiety always causes me anxiety. Indeed, I took a similar view of those on the...
Rob Marris | 448 c746 (Link to this contribution) On the figures, new clause 4 is an enabling clause which, if passed, would enable a lower rate to be...
Alistair Carmichael | 448 c746 (Link to this contribution) Indeed. That is the point that I made in an intervention on my hon. Friend the Member for Inverness ...
Rob Marris | 448 c750 (Link to this contribution) I have to say that we are having a somewhat confused debate. The proponents of the motor fuel—[Inter...
Alistair Carmichael | 448 c744-5 (Link to this contribution) I have already told the hon. Gentleman I do not know exactly how much the proposal will cost, and I ...
Lord Goodman of Wycombe | 448 c744 (Link to this contribution) In an objective and fair-minded way, may I simply ask the hon. Gentleman, whose party has tabled the...
Alistair Carmichael | 448 c744 (Link to this contribution) My hon. Friend the Member for Caithness, Sutherland and Easter Ross (John Thurso) says that he can, ...
Lord Goodman of Wycombe | 448 c744 (Link to this contribution) Can the hon. Gentleman tell the House how much in lost revenue the amendment would cost the Treasury...
Alistair Carmichael | 448 c744 (Link to this contribution) I will not detain the House for long. I loved every second of the speech made by the hon. Member for...
David Leslie Taylor | 448 c743 (Link to this contribution) As the hon. Gentleman is struggling to find a definition of remote areas on behalf of the Liberals, ...
Lord Goodman of Wycombe | 448 c743 (Link to this contribution) My hon. Friend is never lost for an apt quotation, and I cannot think of a more apt one myself, alth...
Alistair Carmichael | 448 c745 (Link to this contribution) I do not accept that it is something that does not work because, as my hon. Friend the Member for In...
Andrew Turner | 448 c745 (Link to this contribution) A solution that does not work is not a solution. We can examine the proposal, but we need informatio...
Julia Goldsworthy | 448 c752 (Link to this contribution) I am sure that the hon. Gentleman would approve of the worthy cause—the money raised for charity, an...
Speaker | 448 c752 (Link to this contribution) Order. I think that it would be a good idea if we returned to the new clause that is before the Hous...
Rob Marris | 448 c752 (Link to this contribution) I will do that, Mr. Deputy Speaker. It just seems to me that helicoptering around the United Kingdo...
Stewart Hosie | 448 c752 (Link to this contribution) I shall speak primarily to new clause 6, but I shall take up some points that arise from new clause ...
Chris Huhne | 448 c752-3 (Link to this contribution) The hon. Gentleman knows well that the debate last year arose from a general proposal from the Scott...
Stewart Hosie | 448 c752 (Link to this contribution) I think that I can finish the sentence without a strange Liberal ““Ah””. To come to the substance o...
Chris Huhne | 448 c753 (Link to this contribution) The key point, which my hon. Friend the Member for Falmouth and Camborne (Julia Goldsworthy) made ex...
Stewart Hosie | 448 c753 (Link to this contribution) I say to the hon. Gentleman with a straight face that the proposals from his party today will not st...
Lord Goodman of Wycombe | 448 c750 (Link to this contribution) It depends—[Laughter.] It depends on which of the two definitions of rural area one accepts. The Lib...
Rob Marris | 448 c750 (Link to this contribution) It will not surprise the hon. Gentleman to learn that I entirely agree, because I was using the only...
Rob Marris | 448 c751 (Link to this contribution) I apologise to the hon. Gentleman. I thought that his colleagues were moving an amendment to the Bil...
Chris Huhne | 448 c750 (Link to this contribution) It was made clear that the 29 per cent. figure referred only to Scotland, which represents a small p...
Rob Marris | 448 c750 (Link to this contribution) I am glad that the hon. Gentleman has come up with a figure, but for the moment I shall stick with t...
Danny Alexander | 448 c750 (Link to this contribution) The new clause makes it clear that the definition should be subject to Treasury regulations, but in ...
Rob Marris | 448 c752 (Link to this contribution) Were I to be invited on to such a programme, I would not participate. That is because I do not belie...
Alistair Carmichael | 448 c752 (Link to this contribution) Perhaps the hon. Gentleman is a little jealous that no one has invited him on to such a programme.
Rob Marris | 448 c751-2 (Link to this contribution) Of course there are difficulties for people in remote rural areas. However, if we consider wealth ge...
Alan Reid | 448 c759 (Link to this contribution) The hon. Gentleman makes a very good point. Islanders have to pay vehicle excise duty, fuel tax and ...
Andrew Turner | 448 c759 (Link to this contribution) Before the hon. Gentleman sits down, I would like to say that it would have been much better if the ...
Alan Reid | 448 c758-9 (Link to this contribution) Clearly, Inverness would not be a beneficiary. When my hon. Friend the Member for Inverness, Nairn, ...
Brooks Newmark | 448 c760 (Link to this contribution) People define what they perceive as remote in their own way. The Liberal Democrats are not approachi...
Brooks Newmark | 448 c759-60 (Link to this contribution) If the hon. Gentleman will sit down, I shall make my point clear. I understand the problems faced by...
Brooks Newmark | 448 c760 (Link to this contribution) It is even more remote for the Liberal Democrats now. We will never be able to define what is remote...
Robert Smith | 448 c760 (Link to this contribution) Why does the hon. Gentleman think that the UK is so feeble in its inability to understand the proble...
Viscount Thurso | 448 c755 (Link to this contribution) I shall shortly consider cost and I hope to be able to provide some detail to hon. Members who have ...
Stewart Hosie | 448 c754-5 (Link to this contribution) Perhaps they were overawed by the Financial Secretary. Roger King certainly welcomed our proposals t...
John Healey | 448 c754 (Link to this contribution) The hon. Gentleman may be interested to know that yesterday I met the RHA, the Freight Transport Ass...
Stewart Hosie | 448 c753-4 (Link to this contribution) If the hon. Member for Eastleigh (Chris Huhne) chooses to get to his feet later, we know what his sp...
Alan Reid | 448 c757-8 (Link to this contribution) New clause 4 is an enabling clause, which gives the Treasury power to specify lower rates of duty on...
Mark Lazarowicz | 448 c758 (Link to this contribution) It would be helpful if the hon. Gentleman clarified which communities would benefit from his proposa...
Stewart Hosie | 448 c755 (Link to this contribution) Members of another party made that point in a previous debate. The point of using the windfall VAT t...
Viscount Thurso | 448 c755-7 (Link to this contribution) I am grateful to the hon. Gentleman for that explanation, but that is not how I read his clause, and...
Stewart Hosie | 448 c755 (Link to this contribution) It is true that the amendment that I tabled in Committee contained no specific proposal to alleviate...
Viscount Thurso | 448 c755 (Link to this contribution) I am grateful for the intervention but it does not answer the question. The second problem, which i...
John Healey | 448 c762 (Link to this contribution) The Government recognise that, which is why we introduced the special rural transport fund to suppor...
John Healey | 448 c762 (Link to this contribution) Let me correct the hon. Lady. She will be well aware that the UK’s policy is not to interfere in the...
Julia Goldsworthy | 448 c762 (Link to this contribution) If the Financial Secretary’s view is so strong on national fuel duty rates, why did the Government s...
John Healey | 448 c762-3 (Link to this contribution) Let me correct the hon. Gentleman. France has not yet done this. The proposal is due to be introduce...
Alistair Carmichael | 448 c762 (Link to this contribution) The Financial Secretary has told me in the past that what France has done could not be done. Does he...
John Healey | 448 c763 (Link to this contribution) I would take the hon. Gentleman’s intervention more seriously if he had been present during the deba...
Robert Smith | 448 c763 (Link to this contribution) The Financial Secretary says that he is trying to solve the problem by improving stability in the pr...
John Healey | 448 c763-4 (Link to this contribution) No. The hon. Gentleman’s problem is this: if people are spending more because the price of fuel, inc...
Danny Alexander | 448 c764 (Link to this contribution) I shall not detain the House for long. We have had an interesting debate. The points that have been ...
Brooks Newmark | 448 c760 (Link to this contribution) Call me a simple soul, but new clause 4 does imply a cost. I shall not rehearse the arguments offere...
Julia Goldsworthy | 448 c760 (Link to this contribution) Will the hon. Gentleman concede that new clause is purely an enabling provision and so has no cost i...
Brooks Newmark | 448 c760-1 (Link to this contribution) I should be surprised to find that what I said is wrong. Unless the hon. Gentleman produces a defini...
Viscount Thurso | 448 c760 (Link to this contribution) I have no idea how to work a calculator. I was quoting from a report. The figure of £3.5 million tha...
Brooks Newmark | 448 c760 (Link to this contribution) Is the hon. Gentleman going to get his calculator out again?
Viscount Thurso | 448 c760 (Link to this contribution) Will the hon. Gentleman give way?
John Healey | 448 c761 (Link to this contribution) My point is that the cost of living and its components vary. Where the cost of a particular commodit...
Danny Alexander | 448 c761-2 (Link to this contribution) As the Minister knows from my earlier remarks, the reason for our proposals is that in rural areas, ...
John Healey | 448 c761 (Link to this contribution) We have had a lengthy debate on these proposals: nine speeches and four interventions. Clearly, the ...
Alistair Carmichael | 448 c761 (Link to this contribution) Surely the hon. Gentleman accepts that the RPI is not uniform across Scotland as a whole. There are ...
John Bercow | 448 c743 (Link to this contribution) I am listening to my hon. Friend’s exegesis of the different Liberal Democrat amendments with great ...
Lord Goodman of Wycombe | 448 c743 (Link to this contribution) I cannot resist the invitation from my hon. Friend.
Danny Alexander | 448 c741 (Link to this contribution) The hon. Gentleman anticipates my concluding remarks, in which I will address that point directly. ...
Robert Smith | 448 c741 (Link to this contribution) Clearly, in a remote area using cars is more environmentally friendly—because people use them when t...
Rob Marris | 448 c740-1 (Link to this contribution) The hon. Gentleman is being very generous in giving way. He was talking about an anomalous situation...
Viscount Thurso | 448 c741 (Link to this contribution) I ask the hon. Gentleman’s forgiveness, but it seems to me that we are discussing hydrocarbon duties...
Danny Alexander | 448 c741 (Link to this contribution) I am grateful for that intervention. As usual, my hon. Friend makes very wise comments. Some hon. M...
Lord Goodman of Wycombe | 448 c741 (Link to this contribution) We welcome with enthusiasm the opportunity once again to debate hydrocarbon oils. Indeed, this debat...
John Bercow | 448 c783 (Link to this contribution) Will the hon. Gentleman give way?
John Healey | 448 c783 (Link to this contribution) No, I will not; the hon. Gentleman has only just come into the debate. Thirdly, I point out to my h...
John Bercow | 448 c783 (Link to this contribution) Will the hon. Gentleman give way?
John Healey | 448 c783 (Link to this contribution) I will not give way at this stage. Members have urged us to do even more on the environment, and bo...
Alan Simpson | 448 c784;448 c783-4 (Link to this contribution) The Financial Secretary has made an excellent speech, but one in support of new clauses 9 and 10 and...
Elliot Morley | 448 c779-81 (Link to this contribution) It is a pleasure to follow my hon. Friend the Member for Stoke-on-Trent, North (Joan Walley). I agre...
John Healey | 448 c781-2 (Link to this contribution) This has been an interesting debate. It seems that the on-off relationship between the Tories and th...
Joan Walley | 448 c778-9 (Link to this contribution) I shall speak only briefly on new clause 9. In response to the hon. Member for Wycombe (Mr. Goodman)...
Julia Goldsworthy | 448 c775-6 (Link to this contribution) The Liberal Democrats sympathise with what the hon. Member for Nottingham, South (Alan Simpson) is s...
Alan Simpson | 448 c776 (Link to this contribution) The hon. Lady’s initial questions were legitimate but matters were left open because it would be for...
Speaker | 448 c782 (Link to this contribution) Order. Whether someone decides to give way or not is entirely up to the hon. Member on his feet.
John Healey | 448 c782-3 (Link to this contribution) Thank you, Madam Deputy Speaker. Household efficiency measures are of central importance if we want...
John Healey | 448 c782 (Link to this contribution) No, I will not. The hon. Gentleman came into the Chamber only two minutes ago. He was not here for t...
Philip Dunne | 448 c683-4 (Link to this contribution) I am most grateful to the hon. Gentleman for that reminder. I declared my interest at almost every s...
Baroness Primarolo | 448 c684 (Link to this contribution) The hon. Gentleman is not fairly reflecting what happened in Committee. The Committee asked for exam...
Philip Dunne | 448 c684-5 (Link to this contribution) The Paymaster General is obviously somewhat irritated by my accusation that she failed to give prope...
Stewart Hosie | 448 c685-6 (Link to this contribution) There was a great deal of uncertainty when the Bill was published and when it began its progress in ...
David Gauke | 448 c686-7 (Link to this contribution) In the continuing debate about these matters, and especially in respect of the definition of a disab...
Brooks Newmark | 448 c687 (Link to this contribution) Does my hon. Friend agree that the Government suffer from a cultural problem? They believe that any ...
Brooks Newmark | 448 c688 (Link to this contribution) Will my hon. Friend give way on that point?
Philip Dunne | 448 c683 (Link to this contribution) I am extremely honoured to follow that highly entertaining and thought-provoking contribution from m...
Rob Marris | 448 c683 (Link to this contribution) I am trying to cast my mind back to the Committee proceedings. Will the hon. Gentleman tell the Hous...
Theresa Villiers | 448 c673 (Link to this contribution) We have made it clear that we are not making promises to cut taxes at present. We accept the long-te...
Baroness Primarolo | 448 c673 (Link to this contribution) But does the hon. Lady agree with her hon. Friend the Member for Macclesfield (Sir Nicholas Winterto...
Speaker | 448 c673 (Link to this contribution) Order. The Economic Secretary should not interrupt the hon. Lady, because it is unfair.
Theresa Villiers | 448 c673 (Link to this contribution) Our tax reform commission is looking at all those issues, and it will report very soon. We are not ...
Baroness Primarolo | 448 c673 (Link to this contribution) If the hon. Lady is not making any commitments at all, bearing in mind what her hon. Friend the Memb...
Theresa Villiers | 448 c673 (Link to this contribution) I will give way to the right hon. Lady in a moment. We have promised to share the proceeds of growt...
Theresa Villiers | 448 c673-4 (Link to this contribution) I am grateful to my hon. Friend. Returning to the subject of the debate, the arbitrary operation of...
Nicholas Winterton | 448 c673 (Link to this contribution) I am not seeking a commitment from my hon. Friend that we should abolish inheritance tax. I was expr...
Theresa Villiers | 448 c668 (Link to this contribution) I agree that it was deeply unfortunate that the Government carried out the two-year consultation and...
Philip Dunne | 448 c668 (Link to this contribution) The Paymaster General quite rightly points out that the consultation began more than two years ago, ...
Theresa Villiers | 448 c668 (Link to this contribution) I will come to the second point later. On the first point, the amendments are most important in rela...
Rob Marris | 448 c668 (Link to this contribution) Will the hon. Lady indicate whether her amendments are aimed at dealing with trusts for people with ...
Theresa Villiers | 448 c669-70 (Link to this contribution) I know that the hon. Gentleman is keen to crack down on tax avoidance, but it is harsh to accuse par...
Rob Marris | 448 c669 (Link to this contribution) I am grateful for that clarification. Perhaps I have misunderstood the hon. Lady, and she can clarif...
Rob Marris | 448 c671 (Link to this contribution) I declare an interest in that I used to work for Thompson’s personal injury solicitors, who give mon...
Theresa Villiers | 448 c671-2 (Link to this contribution) The point is that the courts have not taken the new tax regime into account. The changes will impact...
Nicholas Winterton | 448 c672 (Link to this contribution) Why does my hon. Friend think that the Government are against saving, which is for the benefit not o...
Theresa Villiers | 448 c672-3 (Link to this contribution) To be fair to the Paymaster General and the Government, I do not think that they are actively agains...
Julia Goldsworthy | 448 c679 (Link to this contribution) I understand that there were representations from Mind. I was provided with further information abou...
Baroness Primarolo | 448 c683 (Link to this contribution) May I say how much I am looking forward to seeing the right hon. Gentleman’s next newsletter, in whi...
Lord Redwood | 448 c682-3 (Link to this contribution) Although the Government have moved somewhat to protect vulnerable groups in specific circumstances, ...
Rob Marris | 448 c682 (Link to this contribution) Earlier, the right hon. Gentleman quoted from the explanatory notes to clause 157. If he read on—I a...
Lord Redwood | 448 c681-2 (Link to this contribution) Unusually, I find myself in sympathy with amendments tabled by hon. Members on both sides of the Hou...
Julia Goldsworthy | 448 c680-1 (Link to this contribution) I understand from explanations given by the Paymaster General that the intention behind the changes ...
Baroness Primarolo | 448 c680 (Link to this contribution) I have already heard that point from the hon. Member for Chipping Barnet (Mrs. Villiers), who was lo...
Julia Goldsworthy | 448 c679-80 (Link to this contribution) The 2005 Act is on the statute book. Even if it has not yet been implemented, definitions are clearl...
Baroness Primarolo | 448 c679 (Link to this contribution) I will put a proposition to the hon. Lady, and I would be grateful if she were to respond to it. The...
Lord Redwood | 448 c683 (Link to this contribution) I am always extremely careful to check the accuracy of the information that I put out to my constitu...
Julia Goldsworthy | 448 c676-7 (Link to this contribution) The Government have been at great pains throughout the Committee stage to point out that there are s...
Rob Marris | 448 c679 (Link to this contribution) For how long should these trusts last? Given the sort of disability to which the hon. Lady refers, s...
Julia Goldsworthy | 448 c677-8 (Link to this contribution) Of course I am not suggesting that those amendments should not have been tabled. However, it is unpr...
Theresa Villiers | 448 c674-5 (Link to this contribution) No doubt the Paymaster General can respond for herself, but I fear the Government did not think thro...
John Bercow | 448 c674 (Link to this contribution) Naturally, we await the Paymaster General’s response with eager anticipation, bated breath and beads...
Theresa Villiers | 448 c675-6 (Link to this contribution) That would indeed be a highly desirable result and the Government still have the opportunity to do t...
Lord Redwood | 448 c675 (Link to this contribution) My hon. Friend makes a good case for there being a number of great difficulties that vulnerable peop...
Julia Goldsworthy | 448 c679 (Link to this contribution) We do not want vulnerable people who may have a partial lack of capacity in financial matters findin...
Baroness Primarolo | 448 c679 (Link to this contribution) It would help me enormously if the hon. Lady would list the organisations that approached her. I wou...
Theresa Villiers | 448 c663 (Link to this contribution) From the day the Chancellor slipped out these proposals contained in schedule 20 of the Finance Bill...
Speaker | 448 c659-63 (Link to this contribution) With this it will be convenient to discuss the following: Amendment No. 58, in schedule 20, page 37...
Theresa Villiers | 448 c659 (Link to this contribution) I beg to move, That the clause be read a Second time.
Baroness Primarolo | 448 c667 (Link to this contribution) Perhaps the hon. Lady would explain to the hon. Member for Macclesfield (Sir Nicholas Winterton) tha...
Theresa Villiers | 448 c667 (Link to this contribution) It is certainly enormously important that parents who wish to provide for a disabled child for the r...
Theresa Villiers | 448 c667 (Link to this contribution) On the second point, the Paymaster General and the Government repeatedly say that schedule 20 is all...
Theresa Villiers | 448 c667-8 (Link to this contribution) I am sorry—a slight omission—but certainly no mention was made of the fact that the consultation was...
John Bercow | 448 c663-4 (Link to this contribution) I am very grateful to my hon. Friend, and I look forward to supporting the amendments and new clause...
Theresa Villiers | 448 c664-6 (Link to this contribution) My hon. Friend is correct. The Chancellor did not choose to refer in his Budget speech to these radi...
John Bercow | 448 c666 (Link to this contribution) So that the issue is fully intelligible to those of us who were not privileged to sit on the Standin...
Theresa Villiers | 448 c666 (Link to this contribution) Yes, I shall explore that point in a moment. In a joint statement, the organisations Mind, the Soci...
Nicholas Winterton | 448 c666-7 (Link to this contribution) I seek to broaden the debate very slightly. I fully agree with the argument being advanced by my hon...
John Bercow | 448 c740 (Link to this contribution) The hon. Gentleman should not be sedulously tempted down that narrow path, on a completely unrelated...
John Healey | 448 c740 (Link to this contribution) Perhaps I can help the hon. Gentleman. The answer to the question asked by the hon. Member for Bucki...
Danny Alexander | 448 c740 (Link to this contribution) I think that it accounts for a very substantial proportion—and what is more, as I was explaining ear...
Alistair Carmichael | 448 c739-40 (Link to this contribution) My hon. Friend rightly points out that in Lerwick we are paying 106p per litre for our petrol. If he...
Danny Alexander | 448 c739 (Link to this contribution) The hon. Gentleman anticipates a later part of my remarks, so if he will allow me I will press on. ...
Rob Marris | 448 c740 (Link to this contribution) As a quid pro quo for these proposals, would the hon. Gentleman and his party be prepared to abandon...
Danny Alexander | 448 c740 (Link to this contribution) I am grateful to my hon. Friend. The same phenomenon can be seen in constituencies across the highla...
Andrew Turner | 448 c739 (Link to this contribution) The hon. Gentleman mentions some exceptionally distant rural areas and says that motoring is the onl...
Danny Alexander | 448 c740 (Link to this contribution) I am grateful to the Minister for that. The purpose of the amendment is to propose a relieving meas...
Ed Balls | 448 c729 (Link to this contribution) I shall be happy to do so. If the hon. Gentleman were to ask me a written question, I should be happ...
Steve Webb | 448 c729 (Link to this contribution) The Minister gave us what sounded like a precise estimate of the costs, although I believe them to b...
Ed Balls | 448 c727-9 (Link to this contribution) No, the pot, because a person would transfer their pot into purchase of the annuity. Over and above...
Mark Hoban | 448 c731-2 (Link to this contribution) I thank the Economic Secretary for his remarks. He has given a fairly lengthy speech on the new clau...
Ed Balls | 448 c729-31 (Link to this contribution) I am sure that you are right, Madam Deputy Speaker. There will be other times when we can debate tho...
Speaker | 448 c729 (Link to this contribution) Order. I remind the Minister that, however interested he may be in hearing those policies, this is n...
Speaker | 448 c736-8 (Link to this contribution) With this it will be convenient to discuss the following: New clause 6—VAT and hydrocarbon oil duty...
Danny Alexander | 448 c737-9 (Link to this contribution) The purpose of the new clause is to enable the Treasury to specify lower rates of duty on fuel to ap...
Philip Dunne | 448 c723 (Link to this contribution) I am not a statistician or an actuary, so I cannot foresee the right amount, but I suspect that it s...
Steve Webb | 448 c724-5 (Link to this contribution) I want to make a brief contribution. These days, I follow health matters, but when I saw that annuit...
Julia Goldsworthy | 448 c723-4 (Link to this contribution) The Conservative new clause 3 provides an alternative to the current position, whereby people are fo...
Steve Webb | 448 c727 (Link to this contribution) Is that not a rather paternalistic approach? Why should not people who receive an occupational pensi...
Ed Balls | 448 c725-6 (Link to this contribution) I am pleased to respond to the debate, and to have an opportunity to restate the Government’s policy...
John Hemming | 448 c727 (Link to this contribution) Is the hon. Gentleman saying that the median pension pot is £25,000 a year or that the actual pot is...
Ed Balls | 448 c727 (Link to this contribution) I shall give a more detailed explanation of the £100 million cost of the new clause in a moment, but...
Ed Balls | 448 c727 (Link to this contribution) If the hon. Gentleman has been following the debate, he will know that we are talking about the amou...
Ed Balls | 448 c727 (Link to this contribution) Exactly; the pot that a person would need to buy the annuity.
Mark Hoban | 448 c720 (Link to this contribution) The hon. Gentleman must realise that a number of people will build up £60,000 in their pension funds...
Mark Hoban | 448 c720 (Link to this contribution) I am grateful to my right hon. Friend for putting me back on track—as, indeed, did you, Madam Deputy...
Mark Hoban | 448 c720 (Link to this contribution) I shall explain in a moment how we might provide that certainty, but I think the Economic Secretary ...
Mark Hoban | 448 c719 (Link to this contribution) Was it ““neo-classical post-endogenous growth cycle””, or a combination of those words in no particu...
Mark Hoban | 448 c720 (Link to this contribution) I give way to my right hon. Friend.
Lord Deben | 448 c720 (Link to this contribution) Will my hon. Friend again explain to the Minister that once tax law is complicated to the extent tha...
Speaker | 448 c720 (Link to this contribution) Order. I have allowed some relaxation of the strict rules of debate, but I think that now we are str...
Lord Deben | 448 c720 (Link to this contribution) Will my hon. Friend give way? I may be able to help him to return to the new clause.
Mark Hoban | 448 c721-2 (Link to this contribution) What the Economic Secretary has said demonstrates why the position is not as clear as the hon. Membe...
Ed Balls | 448 c721 (Link to this contribution) Let me give the hon. Gentleman some further reassurance. We have debated the issue before, and I sha...
Rob Marris | 448 c723 (Link to this contribution) What does the hon. Gentleman believe the minimum retirement income should be, as specified in new cl...
Philip Dunne | 448 c722-3 (Link to this contribution) I shall make a couple of brief observations in support of new clause 3, proposed by my hon. Friend t...
Ed Balls | 448 c720-1 (Link to this contribution) I shall resist the temptation to return to past debates. I merely wanted to give some reassurance to...
Mark Hoban | 448 c721 (Link to this contribution) I am grateful for the quotation. I shall consider the issue of certainty in a moment.
Mark Hoban | 448 c721 (Link to this contribution) The hon. Gentleman seems to be hovering on the verge of an intervention. Does he wish to intervene a...
Rob Marris | 448 c721 (Link to this contribution) I am grateful to the hon. Gentleman for his generosity. Perhaps I am not understanding him correctly...
Mark Hoban | 448 c721 (Link to this contribution) If it is so clear, why are 21 examples and 28 pages of guidance necessary? However, let me take up s...
Theresa Villiers | 448 c700-1 (Link to this contribution) I thank Members for their contributions, and I emphasise that my party is not asking for special tax...
Baroness Primarolo | 448 c699-700 (Link to this contribution) The hon. Lady continues to demonstrate her lack of understanding of the complexity of the consultati...
Theresa Villiers | 448 c699 (Link to this contribution) The right hon. Lady said that she wished to have evidence of representations having been made to the...
Baroness Primarolo | 448 c699 (Link to this contribution) We dealt with fluctuating conditions in Committee, and I made it absolutely clear to the hon. Lady t...
Julia Goldsworthy | 448 c699 (Link to this contribution) I thank the right hon. Lady for giving way. I wish to make a point about mental health organisations...
Baroness Primarolo | 448 c698-9 (Link to this contribution) If the hon. Lady will let me make this point, I will give way to her. I have already said that. Tha...
Theresa Villiers | 448 c698 (Link to this contribution) Will the right hon. Lady give way?
Theresa Villiers | 448 c698 (Link to this contribution) Will the right hon. Lady give way?
Baroness Primarolo | 448 c698 (Link to this contribution) No, I shall finish this point and then I will give way on the disability point. The Council for Dis...
Baroness Primarolo | 448 c698 (Link to this contribution) I will give way in a moment. Those that participated were Contact a Family, the Council for Disable...
Lord Goodman of Wycombe | 448 c719 (Link to this contribution) What about neo-endogenous growth theory?
Mark Hoban | 448 c716-9 (Link to this contribution) I shall not go down that route. As was debated during consideration of the private Members’ Bills—th...
Steve Webb | 448 c715 (Link to this contribution) The hon. Gentleman has given a clear exposition. He suggests that the Chancellor of the Exchequer wo...
Mark Hoban | 448 c714-5 (Link to this contribution) I shall not do that, despite the hon. Gentleman’s tempting me to do so. However, the rules have an i...
Rob Marris | 448 c716 (Link to this contribution) What does the hon. Gentleman believe that the minimum retirement income should be? How much?
Mark Hoban | 448 c715-6 (Link to this contribution) The hon. Gentleman makes an important point. It is difficult to legislate on such matters. The minim...
Mark Hoban | 448 c712 (Link to this contribution) I beg to move, That the clause be read a Second time.
Speaker | 448 c712-3 (Link to this contribution) With this it will be convenient to discuss the following: New clause 7—Dependant’s Retirement Incom...
Mark Hoban | 448 c713-4 (Link to this contribution) I should like to break down my remarks into two sections. The first deals with new clauses 3 and 7 a...
Theresa Villiers | 448 c693 (Link to this contribution) Will the Paymaster General give way?
Baroness Primarolo | 448 c692 (Link to this contribution) It might be sensible if I made a little progress. I will give way to the hon. Lady on substantive po...
David Gauke | 448 c692 (Link to this contribution) I think that the Paymaster General is referring to our exchange on Second Reading, when she argued t...
Baroness Primarolo | 448 c692 (Link to this contribution) No, the hon. Gentleman is not correct. He wriggles a lot. I fear that he has already made up his min...
Theresa Villiers | 448 c693 (Link to this contribution) Surely there could be no danger of forestalling when it comes to wills. People are not going to brin...
Baroness Primarolo | 448 c693 (Link to this contribution) That is not worthy of the hon. Lady. She knows full well that we are dealing with the setting up of ...
David Winnick | 448 c692-3 (Link to this contribution) I am sure that all Labour Members are delighted that this step is being taken. Does my right hon. Fr...
Baroness Primarolo | 448 c693 (Link to this contribution) It is not a matter of apologising for the action that the Government have taken. It is clear that th...
Baroness Primarolo | 448 c691-2 (Link to this contribution) I am not going to try to persuade or convince the hon. Member for South-West Hertfordshire (Mr. Gauk...
Baroness Primarolo | 448 c694-6 (Link to this contribution) The forecast in the Budget will remain the same if and when the Government amendments are made. The ...
Theresa Villiers | 448 c697 (Link to this contribution) Will the right hon. Lady acknowledge that if schedule 20 is agreed to, there will be an additional t...
Baroness Primarolo | 448 c697 (Link to this contribution) We have crossed this ground before. The answer is no, because a charge against the property is often...
Baroness Primarolo | 448 c697 (Link to this contribution) We covered that in Committee as well. I have made the position on insurance policies quite clear and...
Theresa Villiers | 448 c698 (Link to this contribution) The Paymaster General has repeatedly referred to the consultation that she carried out on the defini...
Baroness Primarolo | 448 c698 (Link to this contribution) Yes, some did, and I shall go on to make the points for the hon. Lady. This is a difficult area of l...
Lord Redwood | 448 c694 (Link to this contribution) What is the latest forecast of the extra revenue that will be generated if the measure goes through ...
Baroness Primarolo | 448 c693-4 (Link to this contribution) No, I want to make a little progress on the point about consultation and the Treasury Committee. An...
Brooks Newmark | 448 c690 (Link to this contribution) I totally understand what the hon. Gentleman has said. In the same way that we should, and do, ackno...
Rob Marris | 448 c690-1 (Link to this contribution) Some of the points made by the Opposition have been valid and have been accepted by the Government. ...
David Gauke | 448 c688-9 (Link to this contribution) My right hon. Friend the Member for Wokingham (Mr. Redwood) makes an excellent point. The Paymaster ...
Brooks Newmark | 448 c689-90 (Link to this contribution) I will try to be brief and, rather than rehashing the points that we made in Committee, I merely wis...
David Gauke | 448 c688 (Link to this contribution) I give way again to my colleague on the Treasury Committee.
Brooks Newmark | 448 c688 (Link to this contribution) I thank my hon. Friend, who raises an important question: why are the Government going to such enorm...
David Gauke | 448 c688 (Link to this contribution) My hon. Friend may be right, albeit rather inelegantly. I am not entirely sure what the explanation ...
Lord Redwood | 448 c688 (Link to this contribution) My hon. Friend is the only person to have supplied a figure. As he rightly reminds us, £15 million w...
Speaker | 448 c753 (Link to this contribution) Order. I think that the hon. Gentleman should stop at that point.
Brooks Newmark | 448 c759 (Link to this contribution) I was not expecting to speak in this debate, but I was once again inspired by the hon. Member for Wo...
Stewart Hosie | 448 c763 (Link to this contribution) The Financial Secretary knows that we are talking about the VAT on petrol, not the rest of the VAT t...
Julia Goldsworthy | 448 c776-8 (Link to this contribution) I thank the hon. Gentleman for that clarification. New clause 9 highlights many of the issues that ...
Danny Alexander | 448 c736 (Link to this contribution) I beg to move, That the clause be read a Second time.
Lord Goodman of Wycombe | 448 c743-4 (Link to this contribution) The hon. Gentleman is trying his best to cap my hon. Friend the Member for Buckingham (John Bercow),...
Julia Goldsworthy | 448 c751 (Link to this contribution) I was talking about some of the difficulties that people in remote rural areas may face when conside...
David Gauke | 448 c687 (Link to this contribution) My hon. Friend makes an excellent point. During the Bill’s passage through the House, people have as...
Theresa Villiers | 448 c697 (Link to this contribution) On life insurance trusts, does the right hon. Lady stand by the statement made clearly in the guidel...
Rob Marris | 448 c690 (Link to this contribution) I am prompted to make some brief remarks by the many remarks made by Opposition Members. First, I re...
Alan Simpson | 448 c769-71 (Link to this contribution) The provisions have been tabled by members of all parties represented in the House, and if you will ...
Lord Goodman of Wycombe | 448 c742-3 (Link to this contribution) The hon. Gentleman plainly has not read the list of amendments in front of him grouped under the hea...
Baroness Primarolo | 448 c677 (Link to this contribution) There are not 60 Government amendments in this group, although I do not think that that was what the...
Subjects
Disability Children Death Conservation Combined heat and power Annuities Dependants Environment protection Electricity generation Energy supply Divorce Excise duties Fuels Inheritance tax Income Mental illness Motor vehicles Oil Pollution Pensions Life insurance Petrol Scotland Religion Separation Taxation VAT Trusts Stamp duties Rural areas
Legislation
Finance (No. 2) Bill 2005-06
Link
View this Parliamentary proceeding on www.publications.parliament.uk