Results 141–160 of 3203 for speaker:Lord Flight

European Union Referendum Bill: Committee (2nd Day) (2 Nov 2015)

Lord Flight: My Lords, this is clearly controversial territory and I look forward to hearing the Government’s rationale as to why the line has been drawn where it has. I have to say that I cannot see the argument for allowing British expats in EU countries to have the vote, but not all expats. There does not seem to be much difference between your career taking you to Berlin or to Singapore. Indeed,...

European Union Referendum Bill: Committee (1st Day) (28 Oct 2015)

Lord Flight: My Lords, I rise in support of Amendments 3 and 4, proposed by my noble friend Lord Hamilton. The unspoken point here is that some people believe that whatever proposition comes first on a referendum has a marginal advantage because people react to the first thing that they read. I personally rather doubt that that is the case. But there is an argument that, if you have a referendum, you do...

European Union Referendum Bill: Committee (1st Day) (28 Oct 2015)

Lord Flight: My Lords, may I briefly speak to Amendment 1? It seems to be extremely straightforward. For a fair referendum, we want an entirely clean situation where adequate notice is given and where there is no possible scope for the public sector, the Government, the EU or any public body to spend money influencing the course of the campaign. As has just been stated, the Electoral Commission supported...

Families: Work Incentives - Question (27 Oct 2015)

Lord Flight: My Lords, does the Minister agree that 30 hours of free childcare is one of the biggest incentives available? A huge disincentive has been where working mothers have to pay for childcare out of after-tax earnings and what is left over is scarcely worth having, so for mothers with children, free childcare is fundamental.

Bank of England and Financial Services Bill [HL]: Second Reading (26 Oct 2015)

Lord Flight: My Lords, I regret to say that I, too, have reservations about this legislation. First, with regard to the restructuring of the Bank of England and the PRA, I agree with much of what the noble Lord, Lord Eatwell, said. It also, to some extent, came across to me like shuffling the deckchairs—I will not say on the “Titanic”—and I wonder really whether there will be much or any effect....

Enterprise Bill [HL]: Second Reading (Continued) (12 Oct 2015)

Lord Flight: My Lords, I think that no one champions more the huge and wonderful increase in entrepreneurship and small business in the UK. I have often done that here in your Lordships’ Chamber and the Bill contains a lot of useful micro-provisions that are helpful for small business. It has the excellent objective of supporting the UK’s position as the best place in Europe to start and grow a...

Tax Credits: Impact of Cuts — Question (14 Sep 2015)

Lord Flight: My Lords, would the Minister agree with the fact that wages have risen faster in the past six months than since before 2007? Has that anything to do with the tax credit reforms?

Council Tax Valuation Bands Bill [HL]: Second Reading (11 Sep 2015)

Lord Flight: On both death and gifting, valuations are required for IHT and capital gains tax reasons, so it is going to happen automatically, anyway.

Council Tax Valuation Bands Bill [HL]: Second Reading (11 Sep 2015)

Lord Flight: My Lords, the proposals of the noble Lord, Lord Marlesford, for reforming council tax valuation bands strike me as inherently sensible and fair. I am surprised that none of the political parties has taken up this model. It seems to me ridiculous that for a long time the top valuation bands in London have started at a value of a mere £320,000, when, in Kensington, you can get little more than...

Economy — Motion to Take Note (10 Sep 2015)

Lord Flight: My Lords, I regret that I do not have time to make my intended comments on the wider economy as I wish to focus on the importance of entrepreneurship and the problems now presented by the new EU state aid rules for the provision of risk equity finance for SMEs. It is vital to maintain and encourage the growth of entrepreneurship and new businesses, much of which is based on new technology....

United Kingdom: Productivity — Motion to Take Note (8 Sep 2015)

Lord Flight: My Lords, I will focus, separately, on the unusual period of 2007 to 2015 and the general long-term structural weakness in UK productivity growth. The UK economy did not get back to its 2007 level until the beginning of 2015, but with some 6% more people employed, remarkably. In a sense, this was socially good. Historically, after a financial crash, thousands of people may have been thrown...

Women: Dishonour-based Violence — Question (15 Jul 2015)

Lord Flight: My Lords, some element of mistreatment of women surely arises from the practice of Sharia law, in contradiction to the law of the land. Is it not time that something were actually done to control this and potentially to ban the practice of Sharia law in this country?

Income Per Capita — Question (14 Jul 2015)

Lord Flight: Does the Minister agree with Alistair Darling that the Government subsidising wages tends to depress wages and leads to overemployment, and thus poor productivity growth?

EU: Financial Regulation (EUC Report) — Motion to Take Note (7 Jul 2015)

Lord Flight: My Lords, I have much enjoyed the four years I have spent on the committee. As the noble Earl, Lord Caithness, pointed out, there was a wide range of views but we never had any problem in reaching compromise and agreement. The quality of the reports we produced and the use to which they were put were significant: they have had an impact not just in this country but throughout the EU. I thank...

EU: Financial Regulation (EUC Report) — Motion to Take Note (7 Jul 2015)

Lord Flight: I would have thought that what I have just said demonstrates that what I call sensible interests, including our interests, have often been overridden. With regard to agriculture, while I am well aware that the overall reforms of the system have been pan-EU, I think that France still has some protective vetoes. We will see whether this is correct, and what the negotiations are able to achieve....

EU: Financial Regulation (EUC Report) — Motion to Take Note (7 Jul 2015)

Lord Flight: I am aware of what is happening in Brussels but I specifically said that I wanted to see the UK more active in terms of a programme of regulatory rationalisation and review. The key point I am seeking to make is that when I stand back, I perceive what I believe to have been enormous overkill, often not addressing the right areas, since the 2008 financial crisis.

Taxation: Capital Gains Tax — Question (7 Jul 2015)

Lord Flight: My Lords, I recollect that, for an asset which has been held for a long time, the base value can be uprated to that which applied in, I think, 1983. However, inflation has made a nonsense of that. Will the Government look at changing the date at which long-held assets are rebased for cost purposes?

Cities and Local Government Devolution Bill [HL]: Committee (2nd Day) (24 Jun 2015)

Lord Flight: My Lords, I support my noble friend Lady Wheatcroft’s excellent amendment. If you go to America, you will find that cities have retained the right to finance infrastructure projects with municipal bonds. Indeed, income from bonds even enjoys the advantage of being tax-free. However, as she pointed out, much of the heritage of our great cities of the last century and much of their...

Pensions: Reforms — Motion to Take Note (18 Jun 2015)

Lord Flight: My Lords, I congratulate my noble friend Lady Altmann on her speech, which was very helpfully down to earth and displays that she has already got her feet more than under the table in dealing with a lot of what must be dealt with. I am sure we all wish her success. I thank the noble Lord, Lord Hutton, for his kind remarks and for what he has contributed, particularly his work on the changes...

Pensions: Reforms — Motion to Take Note (18 Jun 2015)

Lord Flight: My Lords, I start, if I may, by declaring my interest and congratulating Dr Altmann on her appointment. I can think of no one better to do the job that she is doing. She is enormously respected in the industry and I look forward to her being a powerhouse in further reforms of pensions and retirement saving. I have been involved in the management of pension funds for 45 years. I am still a...


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