1st sitting · Tuesday, 26 October 2021 · 2 speeches

[Mr Virendra Sharma in the Chair]

• Examination of Witnesses

  64 speeches

  Professor Steve Fothergill and Dr Serafin Pazos-Vidal gave evidence.

• Examination of Witnesses

  62 speeches

  Thomas Pope and Professor Stephanie Rickard gave evidence.

2nd sitting · Tuesday, 26 October 2021

[Caroline Nokes in the Chair]

• Examination of Witness

  43 speeches

  Dr Roger Barker gave evidence.

• Examination of Witness

  26 speeches

  George Peretz QC gave evidence.

• Examination of Witnesses

  35 speeches

  Jonathan Branton, Alexander Rose and Richard Warren gave evidence.

• Examination of Witness

  22 speeches

  Daniel Greenberg gave evidence.

• Examination of Witness

  45 speeches

  Rachel Merelie gave evidence.

• Examination of Witness

  51 speeches

  Ivan McKee gave evidence.

3rd sitting · Thursday, 28 October 2021 · 1 speech

[Mr Virendra Sharma in the Chair]

• Clause 1 - Overview and application of Act

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 2 - “Subsidy”

  3 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 3 - Financial assistance which confers an economic advantage

  5 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 4 - Financial assistance which is specific

  3 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 5 - Section 2: modification for air carriers

  3 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 6 - “Public authority”

  8 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 7 - “Enterprise”

  5 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 8 - Persons under common control

  7 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 9 - The subsidy control principles and the energy and environment principles

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Schedule 1 - The subsidy control principles

  36 speeches

  I beg to move amendment 6, in schedule 1, page 51, line 8, after “concerns” insert “and areas of deprivation”. This amendment includes areas of deprivation as an example...

• Schedule 2 - The energy and environment principles

  0 speeches

  Amendment proposed: 8, in schedule 2, page 52, line 15, at end insert— “(c) delivering the UK’s net-zero commitments.”—( This amendment would...

4th sitting · Thursday, 28 October 2021

(Afternoon)

• Schedule 2 - The energy and environment principles

  2 speeches

  Question proposed, That the schedule be the Second schedule to the Bill.

• Clause 10 - Subsidy schemes and streamlined subsidy schemes

  26 speeches

  I beg to move amendment 9, in clause 10, page 6, line 30, le ave out paragraph (a) and insert— “(a) is made by— (i) a Minister of the Crown, (ii)...

• Clause 11 - Subsidies and schemes of interest or particular interest

  17 speeches

  I beg to move amendment 11, in clause 11, page 6, line 40, at end insert— “(1A) Regulations under this section must be made by no later than three...

• Clause 12 - Application of the subsidy control principles

  5 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 13 - Application of the energy and environment principles

  10 speeches

  I beg to move amendment 17, in clause 13, page 7, line 30, le ave out “in relation to energy and environment”. This amendment would require public...

• Clause 14 - Introductory

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 15 - Unlimited guarantees

  5 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 16 - Export performance

  9 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 17 - Use of domestic goods or services

  3 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 18 - Relocation of activities

  21 speeches

  I beg to move amendment 13, in clause 18, page 10, line 13, at end insert— “(3A) This section shall not come into force until the Secretary of State has laid before Parliament a...

• Clause 19 - Rescuing

  23 speeches

  I beg to move amendment 14, in clause 19, page 10, line 29, a fter “exceptional circumstances” insert “including the protection of critical...

• Clause 20 - Restructuring

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 21 - Restructuring deposit takers or insurance companies

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 22 - Liquidating deposit takers or insurance companies

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 23 - Liquidity provision for deposit takers or insurance companies

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 24 - Meaning of “ailing or insolvent”

  5 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 25 - Meaning of “deposit taker”

  1 speech

  Question proposed, That the clause stand part of the Bill.

• Clause 26 - Meaning of “insurance company”

  1 speech

  Question proposed, That the clause stand part of the Bill.

• Clause 27 - Subsidies for insurers that provide export credit insurance

  1 speech

  Question proposed, That the clause stand part of the Bill.

• Clause 28 - Subsidies for air carriers for the operation of routes

  12 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 29 - Services of public economic interest

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 30 - Effect of prohibitions etc in relation to subsidy schemes

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 31 - Subsidies or schemes subject to mandatory referral

  2 speeches

  Question proposed, That the clause stand part of the Bill.

5th sitting · Tuesday, 2 November 2021 · 1 speech

[Mr Virendra Sharma in the Chair]

• Clause 32 - Subsidy database

  17 speeches

  I beg to move amendment 34 in clause 32, page 17, line 10, at end insert— “(c) the subsidy database is subject to routine audit to verify the accuracy and completeness of...

• Clause 33 - Duty to include information in the subsidy database

  52 speeches

  I beg to move amendment 35, page 17, line 18, leave out subsection (2). This amendment requires all subsidies to be entered onto the subsidy database.

• Clause 34 - Information to be included in the subsidy database

  3 speeches

  I beg to move amendment 40, in clause 34, page 18, line 9, remove “may” and insert “must”.

6th sitting · Tuesday, 2 November 2021 · 1 speech

[Caroline Nokes in the Chair]

• Clause 34 - Information to be included in the subsidy database

  17 speeches

  Amendment proposed (this day): 40, in clause 34, page 18, line 9, remove “may” and insert “must”.—(Seema Malhotra.) This amendment makes the...

• Clause 35 - Introductory

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 36 - Minimal financial assistance

  6 speeches

  Amendment proposed: 33, in clause 36, page 19, line 17, after “requirements” insert “with the exception of duties under section 33,”.—(Kirsty Blackman.) This...

• Clause 37 - Section 36: procedural requirements

  14 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 38 - Services of public economic interest assistance

  4 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 39 - Section 38: procedural requirements

  3 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 40 - Mergers and acquisitions

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 41 - Subsidy database: exemption for SPEI assistance

  3 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 42 - Chapter 2: supplementary and interpretative provision

  13 speeches

  May I clarify whether Ms Malhotra or Mr Esterson is moving the amendment?

• Clause 43 - Natural disasters and other exceptional circumstances

  13 speeches

  I beg to move amendment 46, in clause 43, page 25, line 16, a t end insert— “(3A) The Scottish Ministers, the Welsh Ministers, and a Northern Ireland...

• Clause 44 - National or global economic emergencies

  1 speech

  Question proposed, That the clause stand part of the Bill.

• Clause 45 - National security

  4 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 46 - Bank of England monetary policy

  1 speech

  Question proposed, That the clause stand part of the Bill.

• Clause 47 - Financial stability

  1 speech

  Question proposed, That the clause stand part of the Bill.

• Clause 48 - Legacy and withdrawal agreement subsidies

  32 speeches

  I beg to move amendment 1, in clause 48, page 26, line 42, a t end insert— “(1A) In subsection (1), the reference to the subsidy control requirements, so...

• Clause 49 - Tax measures

  1 speech

  Question proposed, That the clause stand part of the Bill.

• Clause 50 - Large cross-border or international cooperation products

  1 speech

  Question proposed, That the clause stand part of the Bill.

• Clause 51 - Nuclear energy

  6 speeches

  Question proposed, That the clause stand part of the Bill.

7th sitting · Thursday, 4 November 2021 · 1 speech

[Caroline Nokes in the Chair]

• Clause 52 - Mandatory referral to CMA

  10 speeches

  I beg to move amendment 28, in clause 52, page 28, line 10, a t end insert— “(c) where the granting authority for a subsidy scheme is the Government...

• Clause 53 - CMA reporting period for mandatory referral

  3 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 54 - Cooling off period following mandatory referral

  20 speeches

  I beg to move amendment 3, in clause 54, page 30, line 8, leave out “on or”. This amendment ensures that a public authority may give a subsidy after the reporting period expires, but...

• Clause 55 - Call-in direction

  27 speeches

  I beg to move amendment 52, in clause 55, page 30, line 29, a fter “Secretary of State” insert “, the Scottish Ministers, the Welsh Ministers and...

• Clause 56 - Voluntary referral to CMA

  6 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 57 - CMA reporting period for voluntary referral

  5 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 58 - Call-in direction following voluntary referral

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 59 - CMA report following mandatory or voluntary referral

  12 speeches

  I beg to move amendment 53, in clause 59, page 33, line 13, l eave out paragraph (a). This amendment removes the power for the Secretary of State to amend this...

8th sitting · Thursday, 4 November 2021 · 1 speech

(Afternoon)

• Clause 59 - CMA report following mandatory or voluntary referral

  1 speech

  Question proposed, That the clause stand part of the Bill.

• Clause 60 - Post-award referrals

  21 speeches

  We come now to amendment 55 to clause 60. Happy Diwali to Seema Malhotra and every other Member.

• Clause 61 - CMA reporting period for post-award referrals

  13 speeches

  I beg to move amendment 58, in clause 61, page 34, line 23, a fter “section 60” insert “, or makes a decision to investigate under section...

• Clause 62 - CMA report following post-award referral

  9 speeches

  I beg to move amendment 4, in clause 62, page 35, line 40, leave out paragraph (b). This amendment modifies the content of the CMA’s post-award report to ensure...

• Clause 63 - Referrals in relation to subsidy schemes

  13 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 64 - Other exemptions

  10 speeches

  I call Seema Malhotra to move amendment 59

9th sitting · Tuesday, 16 November 2021 · 1 speech

[Mr Virendra Sharma in the Chair]

• Clause 65 - Monitoring and reporting on subsidy control

  29 speeches

  I beg to move amendment 29, in clause 65, page 37, line 12, l eave out “fifth” and insert “second”. This amendment, and Amendment 30,...

• Clause 66 - CMA Annual Report

  8 speeches

  I beg to move amendment 66, in clause 66, page 37, line 40, a t end insert— “(d) the proportion of subsidies and schemes in each of paragraphs (a), (b)...

• Clause 67 - information-gathering powers

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 68 - Subsidy Advice Unit

  21 speeches

  I beg to move amendment 67, in clause 68, page 38, line 39, a t end insert— “(3A) The Chair of the CMA Board may appoint up to three non-executive...

• Clause 69 - References to subsidy control groupsClause 69

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 70 - Review of subsidy decisions

  22 speeches

  I beg to move amendment 72, in clause 70, page 39, line 30, l eave out subsection (2). This amendment would allow an application to be made to review a subsidy...

10th sitting · Tuesday, 16 November 2021

[Caroline Nokes in the Chair]

• Clause 70 - Review of subsidy decisions

  20 speeches

  I beg to move amendment 23, in clause 70, page 40, line 12, a t end insert— “(c) the Welsh Ministers, (d) the Scottish Ministers, or (e) a Northern...

• Clause 71

  14 speeches

  Time limits for applications under section 70

• Clause 72 - CAT powers on review: England and Wales and Northern Ireland

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 73 - CAT powers on review: Scotland

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 74 - Recovery orders

  16 speeches

  I beg to move amendment 76, in clause 74, page 43, line 34, a t end insert— “(4A) The annual report prepared by the CMA under section 25(4) of, and...

• Clause 75 - Appeals against decisions of the CAT

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 76 - Duty to provide pre-action information

  11 speeches

  I beg to move amendment 77, in clause 76, page 44, line 21, l eave out “such restrictions as it considers proportionate” and insert “the minimum...

• Clause 77 - Misuse of subsidies

  6 speeches

  Question proposed, That the clause stand part of the Bill.

11th sitting · Thursday, 18 November 2021 · 1 speech

[Caroline Nokes in the Chair]

• Clause 78 - Subsidies and schemes in primary legislation

  3 speeches

  Question proposed, That the clause stand part of the Bill.

• Schedule 3 - Subsidies provided by primary legislation

  2 speeches

  Question proposed, That the schedule be the Third schedule to the Bill.

• Clause 79 - Guidance

  26 speeches

  I beg to move amendment 80, in clause 79, page 45, line 9, le ave out “may” and insert “must”. This amendment, together with Amendment 81,...

• Clause 80 - Disclosure of information

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 81 - Modifications to subsidies and schemes

  14 speeches

  I beg to move amendment 83, in clause 81, page 46, line 39, l eave out “of up to 25%” and insert “up to the rate of inflation”. This...

• Clause 82 - Gross cash and gross cash equivalent amount of financial assistance

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 83 - Minor amendment to the Financial Services Act 2021

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 84 - Financial provision

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 85 - Crown application

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 86 - Power to make consequential provision

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 87 - Regulations

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 88 - Directions

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 89 - Interpretation

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 90 - Extent

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 91 - Commencement

  10 speeches

  I beg to move amendment 87, in clause 91, page 50, line 26, a t end insert “which must be no later than six months following the day on which this Act is...

• Clause 92 - Short title

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• New Clause 1 - Subsidy Control Principles: statement to Parliament

  5 speeches

  “(1) Within six months of the opening of a new Parliament, the Secretary of State must make a written statement to Parliament on the subsidy control principles. (2) The statement must...

• New Clause 4

  5 speeches

  “Secretary of State and Devolved Administrations: requirement to report ‘(1) The Secretary of State, Scottish Ministers, Welsh Ministers and Northern Ireland Department of Economy...