Results 1-20 of 7,180 for speaker:Mark Hoban

Written Answers — Treasury: Tobin Tax (12 Nov 2009)

Mark Hoban: To ask the Chancellor of the Exchequer what assessment he has made of the likely effects of a Tobin tax on the UK financial services sector.

Written Answers — Treasury: Tobin Tax (12 Nov 2009)

Mark Hoban: To ask the Chancellor of the Exchequer what discussions he had with (a) his (i) US and (ii) Canadian counterpart and (b) the International Monetary Fund about a Tobin tax prior to the speech made by the Prime Minister at St Andrews on 7 November 2009.

Written Answers — House of Commons Commission: Portcullis House: Smoking (28 Oct 2009)

Mark Hoban: To ask the hon. Member for North Devon, representing the House of Commons Commission how much the smoking shelter constructed between Norman Shaw North and Portcullis House is expected to cost. [Official Report, 12 November 2009, Vol. 499, c. 9MC.]

Opposition Day — [19th allotted day]: Equitable Life (21 Oct 2009) has video

Mark Hoban: Conservative Members welcome this debate and will support the motion in the Division Lobby later this afternoon. The motion has cross-party support, and early-day motion 1423, which is at its core, has support from Members in all parts of the House. The strength of cross-party support is a testament to the work of the Equitable members action group and to the number of constituents whose...

Opposition Day — [19th allotted day]: Equitable Life (21 Oct 2009) has video

Mark Hoban: My right hon. Friend echoes an important point that was touched on by the ombudsman and raised in the Public Administration Committee report. There is almost a sense that the Government are using the ombudsman's status as an investigator rather than a judicial authority to wheedle their way out of taking responsibility for these things. I want to return to a point that the Chief Secretary...

Opposition Day — [19th allotted day]: Equitable Life (21 Oct 2009) has video

Mark Hoban: My right hon. Friend speaks from his experience of Barlow Clowes. The Prime Minister has tried to avoid paying compensation to people who suffered loss through the maladministration of Equitable Life. He is trying to block the process and has fought every step of the way to prevent that from happening. I am happy to say that we want to ensure that policyholders receive the justice that they...

Opposition Day — [19th allotted day]: Equitable Life (21 Oct 2009) has video

Mark Hoban: I have some clear advice that my hon. Friend might wish to give her constituents. History has shown that this Government have consistently sought to block compensation for policyholders who have lost as a consequence of maladministration, whereas the Conservative party has argued in favour of compensation for policyholders when there has been evidence of maladministration. There is a clear...

Opposition Day — [19th allotted day]: Equitable Life (21 Oct 2009) has video

Mark Hoban: We accept the ombudsman's recommendation that payments should be made to policyholders who lost out. She was right to make her points about relative loss and the impact of compensation payments on the public purse, and I do not believe that anybody in the House disagrees about how that is to work. However, we need to consider the matter of the tribunal. Strong arguments have been made about...

Opposition Day — [19th allotted day]: Equitable Life (21 Oct 2009) has video

Mark Hoban: What the Government mean by "disproportionate" is one of the matters that they are yet to address. The Chief Secretary's predecessor, the right hon. Member for Pontefract and Castleford (Yvette Cooper), was pressed on that when she made a statement in January. No further progress has been made on elaborating on what that means, which creates uncertainty in the minds of policyholders and a...

Opposition Day — [19th allotted day]: Equitable Life (21 Oct 2009) has video

Mark Hoban: My hon. Friend raises an important point. Some people affected are suffering real hardship, which has been prolonged by the delay in introducing the scheme. Once the Government have decided upon a scheme, having received Sir John Chadwick's recommendations next spring, I hope they will consider that seriously. There is a real risk that the suffering and hardship will continue without any...

Opposition Day — [19th allotted day]: Equitable Life (21 Oct 2009) has video

Mark Hoban: My hon. Friend is absolutely right: that is what our constituents want to know, and it is the essence of this debate and of the letters that we receive. I understand that Sir John Chadwick needs to work through what the scheme might look like, but when policyholders will get money is a really important question to answer. I thought that the Chief Secretary was going to get there today: he had...

Opposition Day — [19th allotted day]: Equitable Life (21 Oct 2009) has video

Mark Hoban: All I will say to the hon. Gentleman is that we want to see policyholders compensated quickly and fairly. We all need to bear that in mind when thinking about how the process might develop. By next spring, so much work might have been done by Sir John Chadwick that setting up a tribunal could delay justice still longer. We need to be really careful and to think this through to ensure that we...

Opposition Day — [19th allotted day]: Equitable Life (21 Oct 2009) has video

Mark Hoban: My hon. Friend is right: the episode has undermined people's confidence. They need to have confidence in the pensions system if they are to save for their retirement, and also confidence in the regulation. People will not look beyond the headlines and will not be looking at the fine detail of the Parliamentary Commissioner Act 1967, which set up the office of ombudsman; they will just get the...

Opposition Day — [19th allotted day]: Equitable Life (21 Oct 2009) has video

Mark Hoban: No. I have been generous in taking interventions and have gone on for rather longer than I had hoped, and I am coming to the conclusion of my speech. I ask those from across the House who signed early-day motion 1423 to vote in favour of the motion. That would be a clear sign to the policyholders that we are united in support of their campaign for justice, and a sign to the Treasury that the...

Opposition Day — [19th allotted day]: Equitable Life (21 Oct 2009) has video

Mark Hoban: The Chief Secretary is in danger of treating the House and our constituents like fools. He tried to dance around the issue of when payments will be made, and he said that Sir John Chadwick would design a scheme by spring 2010. Surely the Treasury has looked at how long it will take to implement a scheme. Treasury officials tell us that it has been working in parallel on those issues since Sir...

Written Answers — Communities and Local Government: Mortgages: Government Assistance (20 Oct 2009)

Mark Hoban: To ask the Secretary of State for Communities and Local Government pursuant to the answer of 14 May 2009, Official Report, column 1007W, on mortgages: Government assistance, which lenders are participating in the Homeowner's Mortgage Support Scheme; how many borrowers are participating in the scheme with each lender; and how much funding has been made available in respect of each lender.

City of London (14 Oct 2009)

Mark Hoban: I congratulate the hon. Member for Selby (Mr. Grogan) on securing the debate, even though it had a changing title. As my hon. Friend the Member for Cities of London and Westminster (Mr. Field) and the hon. Member for Southport (Dr. Pugh) said, it was until relatively recently entitled "The Impact of the Hedge Funds on the UK Economy" and we had all geared up for that. None the less, the...

City of London (14 Oct 2009)

Mark Hoban: There needs to be proportionate regulation of the sector, which recognises the risks and responds to them. My hon. Friend the Member for Cities of London and Westminster talked about the Financial Services Authority. The FSA has been very effective in regulating hedge funds, because the regulation is proportionate to the risk. The directive, as it is currently drafted, is not proportionate to...

City of London (14 Oct 2009)

Mark Hoban: My hon. Friend makes a good suggestion. There was a disconnect between the directors and the boys in the engine room: each seemed to think that the other knew what they were doing. I just wonder if that disconnect was not a cause of the crisis. There are some regulatory issues that we need to address. Clearly, the capital requirements in place for banks had not been fully thought through. The...

Written Answers — Cabinet Office: Government Communication Network (14 Oct 2009)

Mark Hoban: To ask the Minister for the Cabinet Office (1) what the budget for (a) the Government Communication Network and (b) the Government Communication Group is for (i) 2008-09, (ii) 2009-10, (iii) 2010-11 and (iv) 2011-12; (2) what the cost to the public purse of (a) the Government Communication Network and (b) the Government Communication Group was in each year for which figures are available.