The government is committed to engaging with interested groups when developing and legislating tax policy, and we are today publishing draft legislation ahead of potential inclusion in the next Finance Bill.

This will allow for technical consultation on the application of tax policy in legislation and provides taxpayers with greater predictability...

The government is committed to engaging with interested groups when developing and legislating tax policy, and we are today publishing draft legislation ahead of potential inclusion in the next Finance Bill.

This will allow for technical consultation on the application of tax policy in legislation and provides taxpayers with greater predictability...

My honourable friend the Exchequer Secretary to the Treasury (James Murray), has today made the following Written Ministerial Statement.

The government is committed to engaging with interested groups when developing and legislating tax policy, and we are today publishing draft legislation ahead of potential inclusion in the next Finance Bill.

This will...

My honourable friend the Exchequer Secretary to the Treasury (James Murray), has today made the following Written Ministerial Statement.

The government is committed to engaging with interested groups when developing and legislating tax policy, and we are today publishing draft legislation ahead of potential inclusion in the next Finance Bill.

This will...

Letter dated 07/03/2025 from Lord Livermore to Lord Lee of Trafford regarding proposals raised during a debate on encouraging first-time investors in the stock market. 2p.

Letter dated 07/03/2025 from Lord Livermore to Lord Lee of Trafford regarding proposals raised during a debate on encouraging first-time investors in the stock market. 2p.

My Lords, it is a privilege to open this short debate on encouraging first-time investors. I have been a private investor for 65 years, investing solely in United Kingdom companies. Through books, articles and platforms, I like to think I have been something of an evangelist for the private investor....

My Lords, it is a privilege to open this short debate on encouraging first-time investors. I have been a private investor for 65 years, investing solely in United Kingdom companies. Through books, articles and platforms, I like to think I have been something of an evangelist for the private investor....

My Lords, I very much thank the noble Lord, Lord Lee of Trafford, for introducing this short debate and I look forward to hearing other speakers.

I have been reading the Financial Times for nigh on 60 years and, for many years, one of the highlights was the columns written by...

My Lords, I very much thank the noble Lord, Lord Lee of Trafford, for introducing this short debate and I look forward to hearing other speakers.

I have been reading the Financial Times for nigh on 60 years and, for many years, one of the highlights was the columns written by...

My Lords, I congratulate the much respected and admired noble Lord, Lord Lee of Trafford—no relation, I add—on securing this debate. It is an issue on which he has campaigned tirelessly and ceaselessly with good reason, and we wish him well with it.

Our whole system of capitalism, which has served...

My Lords, I congratulate the much respected and admired noble Lord, Lord Lee of Trafford—no relation, I add—on securing this debate. It is an issue on which he has campaigned tirelessly and ceaselessly with good reason, and we wish him well with it.

Our whole system of capitalism, which has served...

My Lords, in following the noble Lord, Lord Leigh of Hurley, I have to go briefly to a report from the Intergenerational Foundation, which notes that the current UK tax regime strongly favours unearned income over earned income.

I thank the other noble Lord, Lord Lee—with a different spelling—for securing this...

My Lords, in following the noble Lord, Lord Leigh of Hurley, I have to go briefly to a report from the Intergenerational Foundation, which notes that the current UK tax regime strongly favours unearned income over earned income.

I thank the other noble Lord, Lord Lee—with a different spelling—for securing this...

My Lords, I thank the noble Lord, Lord Lee of Trafford, for this debate and for his excellent opening speech. This debate comes on a day when stock markets are tumbling and hedge funds have bet billions on a market crash triggered by trade wars unleashed by US President Trump....

My Lords, I thank the noble Lord, Lord Lee of Trafford, for this debate and for his excellent opening speech. This debate comes on a day when stock markets are tumbling and hedge funds have bet billions on a market crash triggered by trade wars unleashed by US President Trump....

My Lords, such is the reputation of the noble Lord, Lord Lee of Trafford, that when a couple of colleagues heard I was speaking in this debate, they said, “We’ll see you tomorrow and get a few good tips”.

In the noble Lord’s opening remarks, I think he listed seven points,...

My Lords, such is the reputation of the noble Lord, Lord Lee of Trafford, that when a couple of colleagues heard I was speaking in this debate, they said, “We’ll see you tomorrow and get a few good tips”.

In the noble Lord’s opening remarks, I think he listed seven points,...

My Lords, this has been one of the most enjoyable debates I think I have ever been part of. Let me congratulate my noble friend

Lord Lee on grasping a key issue and finding creative solutions. As the noble Lord, Lord Davies, said, his newspaper columns and his children’s books...

My Lords, this has been one of the most enjoyable debates I think I have ever been part of. Let me congratulate my noble friend

Lord Lee on grasping a key issue and finding creative solutions. As the noble Lord, Lord Davies, said, his newspaper columns and his children’s books...

My Lords, I am very grateful to the respected and engaging noble Lord, Lord Lee, for such an interesting debate. In my view, our theme today has two aspects. The first is helping individuals to build their own individual wealth—a worthy endeavour—and the second, equally important, is achieving this while...

My Lords, I am very grateful to the respected and engaging noble Lord, Lord Lee, for such an interesting debate. In my view, our theme today has two aspects. The first is helping individuals to build their own individual wealth—a worthy endeavour—and the second, equally important, is achieving this while...

Given the lateness of the hour and the time pressure, there is nothing that I would like to contribute. Obviously, I could deal with a number of the points that have been raised, but I do not think that there is time to do that now.

8.51 pm

Given the lateness of the hour and the time pressure, there is nothing that I would like to contribute. Obviously, I could deal with a number of the points that have been raised, but I do not think that there is time to do that now.

8.51 pm

Lords question for short debate on what plans they have to encourage first-time investors in the stock market.

Lords question for short debate on what plans they have to encourage first-time investors in the stock market.

My Lords, I declare my interest as a director of the London Stock Exchange. I commend my noble friend Lord Lee of Trafford for securing this debate and for his enlightened vision on school investment portfolios.

For anyone starting to invest, perhaps with an idea or two but wanting diversification, a...

My Lords, I declare my interest as a director of the London Stock Exchange. I commend my noble friend Lord Lee of Trafford for securing this debate and for his enlightened vision on school investment portfolios.

For anyone starting to invest, perhaps with an idea or two but wanting diversification, a...

My Lords, I start by sincerely congratulating the noble Lord, Lord Lee, on securing this debate. I agree that it has been an enjoyable exchange of views. It is a very important matter and one that does need discussing. As so many noble Lords have mentioned, I recognise his passion...

My Lords, I start by sincerely congratulating the noble Lord, Lord Lee, on securing this debate. I agree that it has been an enjoyable exchange of views. It is a very important matter and one that does need discussing. As so many noble Lords have mentioned, I recognise his passion...

Lords second reading. Committee negatived. Standing order 44 having been dispensed with, Lords third reading. Bill passed.

Lords second reading. Committee negatived. Standing order 44 having been dispensed with, Lords third reading. Bill passed.

My Lords, we are here to debate the annual finance Bill, introduced in the House of Commons following the Budget on 15 March. At the Budget, my right honourable friend the Chancellor was clear-sighted about the global headwinds we are facing. We are all familiar with the challenge on inflation...

My Lords, we are here to debate the annual finance Bill, introduced in the House of Commons following the Budget on 15 March. At the Budget, my right honourable friend the Chancellor was clear-sighted about the global headwinds we are facing. We are all familiar with the challenge on inflation...

My Lords, I thank the Minister for her speech. This Bill fails to address the fundamental problems that we all face. Economic recovery is hampered because the Government have depleted people’s disposable income through real wage cuts, high inflation, high interest rates and high taxes. This Bill depletes incomes even...

My Lords, I thank the Minister for her speech. This Bill fails to address the fundamental problems that we all face. Economic recovery is hampered because the Government have depleted people’s disposable income through real wage cuts, high inflation, high interest rates and high taxes. This Bill depletes incomes even...

My Lords, I declare my interests as set out in the register. I am a chartered accountant and member of the Institute of Chartered Accountants in England and Wales, and a member by qualification of the Chartered Institute of Taxation. I am pleased to welcome this excellent finance Bill and...

My Lords, I declare my interests as set out in the register. I am a chartered accountant and member of the Institute of Chartered Accountants in England and Wales, and a member by qualification of the Chartered Institute of Taxation. I am pleased to welcome this excellent finance Bill and...

My Lords, I am grateful for the privilege of saying a few remarks in the gap. I will refer to the change in the lifetime allowance. As noble Lords will recall, this change was initially mooted because pensions anomalies were occurring in respect of better-paid consultants in the National Health...

My Lords, I am grateful for the privilege of saying a few remarks in the gap. I will refer to the change in the lifetime allowance. As noble Lords will recall, this change was initially mooted because pensions anomalies were occurring in respect of better-paid consultants in the National Health...