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Results 1–20 of 4000 for (in the 'Commons debates' OR in the 'Westminster Hall debates' OR in the 'Lords debates' OR in the 'Northern Ireland Assembly debates') speaker:Ian Pearson

Sustainable Communities Act 2007 (Amendment) Bill: Clause 6 — Disclosure of financial assistance to the Bank of England (8 Apr 2010)

Ian Pearson: I shall briefly respond to the points that have been made during this debate. I agree with my hon. Friend the Member for Thurrock (Andrew Mackinlay) about clause 8 and disagree with the hon. Member for Stone (Mr. Cash) and his comments on it. I agree that dropping the clause will not prevent the Financial Services Authority from engaging in international forums, but the fact that it has not...

Sustainable Communities Act 2007 (Amendment) Bill: Clause 1 — Council for Financial Stability (8 Apr 2010)

Ian Pearson: I welcome the Opposition's support for the amendments. I am not surprised by it, given that the deal has been agreed. We still believe strongly that the council for financial stability is an important and necessary addition to financial regulation in this country, but given where we stand today, I appreciate the hon. Gentleman's support for the other clauses in the Bill, which I hope will...

Sustainable Communities Act 2007 (Amendment) Bill: Clause 6 — Disclosure of financial assistance to the Bank of England (8 Apr 2010)

Ian Pearson: I beg to move, that this House agrees with Lords amendment 5.

Sustainable Communities Act 2007 (Amendment) Bill: Clause 6 — Disclosure of financial assistance to the Bank of England (8 Apr 2010)

Ian Pearson: As I mentioned a minute ago, as a result of discussions with the official Opposition via the usual channels, the second group of amendments will remove clause 8, which would provide for a new statutory duty imposed on the FSA to promote international regulation and supervision, and clauses 18 to 25, which would allow for group representative action in the courts for people with similar...

Sustainable Communities Act 2007 (Amendment) Bill: Clause 6 — Disclosure of financial assistance to the Bank of England (8 Apr 2010)

Ian Pearson: I heard the hon. Gentleman mention that yesterday, but I have not had time to check it out, so I must pass on answering that question. On the general point, however, I do not believe that the Government's financial interventions to recapitalise the banks and the Bank of England's action to provide liquidity to the banking system have been anything other than absolutely necessary to ensure the...

Sustainable Communities Act 2007 (Amendment) Bill: Clause 1 — Council for Financial Stability (8 Apr 2010)

Ian Pearson: I beg to move, that the House agrees with Lords amendment 1.

Sustainable Communities Act 2007 (Amendment) Bill: Clause 1 — Council for Financial Stability (8 Apr 2010)

Ian Pearson: The amendments remove from the Bill the clauses relating to the council for financial stability-that is, clauses 1 to 4-and the reference to those clauses in clause 38. As my noble Friend Lord Myners set out in another place yesterday and again this morning, given the limited amount of time remaining in this Parliament, the Government have agreed with the official Opposition through the usual...

Business of the House: Clause 9 — Duration of Act (7 Apr 2010)

Ian Pearson: I beg to move, That the Bill be now read the Third time. I congratulate my hon. Friend the Member for Denton and Reddish (Andrew Gwynne) on his Bill, which is likely to be very effective in providing relief to developing countries and in ensuring that they are not exposed in future to what is frequently called vulture fund activity. I pay great tribute to my hon. Friend the Member for...

Business of the House: Clause 9 — Duration of Act (7 Apr 2010)

Ian Pearson: I appreciate the probing spirit in which the hon. Member for Gainsborough (Mr. Leigh) tabled the amendments. I do not feel the need to add to the comments made by my hon. Friend the Member for Northampton, North (Ms Keeble) and the hon. Member for South-West Hertfordshire (Mr. Gauke). Given your strictures, Mr. Speaker, it would not be right to explain for the third time why the clause is...

Business of the House: Clause 9 — Duration of Act (7 Apr 2010)

Ian Pearson: I will give way to the hon. Gentleman, but I assume that he listened to the arguments made by my hon. Friend and his.

Business of the House: Clause 9 — Duration of Act (7 Apr 2010)

Ian Pearson: I assure the hon. Gentleman that the Treasury will look at all the available evidence on the potential market impact of the measure before seeking an affirmative resolution to give it permanent effect, or to extend it for a further year. Clearly, our aim during the Committee stage was to respond to the concerns expressed by those who argued that the legislation could have an impact on future...

Amendment of the Law (25 Mar 2010)

Ian Pearson: It is a pleasure to respond to today's Budget debate on behalf of the Government. I shall begin by responding to the speeches of Back-Bench Members, some of whom were making their last speech in the Chamber as they will be retiring at the forthcoming general election. My right hon. Friend the Member for Rother Valley (Mr. Barron) made a powerful speech in which he talked about the importance...

Amendment of the Law (25 Mar 2010)

Ian Pearson: I shall give way to the hon. Gentleman in a moment, because I want to refer to what he has said. In his speech on the Budget, he first called it an "empty Budget" and then accused us of pinching all the Conservatives' ideas and putting them in it. He cannot have it both ways.

Amendment of the Law (25 Mar 2010)

Ian Pearson: I thank the hon. Gentleman for those comments. It might seem churlish if I were now to say some of the things that I might have wanted to say about his speech. Let me simply say a few more words. He suggested that the Chancellor did not say anything about taxes, but perhaps he missed the section of the Chancellor's speech in which he talked about the 1p increase in national insurance...

Amendment of the Law (25 Mar 2010)

Ian Pearson: I am glad that the hon. Gentleman has followed closely my comments in the Committee on that Finance Bill. He will be aware that I made those comments in the context of the fact that we had a stamp duty exemption set at £175,000, and that his proposal was neither costed nor funded. If he reads the 15-minute speech that I made at the time, rather than giving the House a selective and distorted...

[Sir Nicholas Winterton in the Chair] — Presbyterian Mutual Society (24 Mar 2010)

Ian Pearson: It has always been a pleasure to serve under your chairmanship, Sir Nicholas, and it is a particular honour to be present for your valedictory performance as Chair of our proceedings. I congratulate the hon. Member for South Antrim (Dr. McCrea) on securing this important debate and I am very grateful for the contributions made by right hon. and hon. Members on both sides of the Chamber. It...

[Sir Nicholas Winterton in the Chair] — Presbyterian Mutual Society (24 Mar 2010)

Ian Pearson: I do not think that the number of meetings should be seen as a reflection of progress. I have met the Moderator and representatives of the PMS and I have had discussions with officials. As the hon. Gentleman will be aware, the working group is chaired by the Chief Secretary to the Treasury. I sit on the group, and other members include the Secretary of State for Northern Ireland, the Northern...

[Sir Nicholas Winterton in the Chair] — Presbyterian Mutual Society (24 Mar 2010)

Ian Pearson: I do not want to get into the detail in responding to that point. We have had a helpful debate and we have said that, rather than getting involved in a blame game, we want to find a solution that works for those who put money into the PMS, particularly those savers-whether they are savers or investors is a point that we can debate-who put in less than £20,000. We need to continue to focus on...

Oral Answers to Questions — Treasury: Government Holdings (16 Mar 2010)

Ian Pearson: As you will be aware, Mr. Speaker, the Chancellor of the Exchequer is at a meeting of European Finance Ministers in Brussels today. However, he and the Treasury hold frequent discussions with United Kingdom Financial Investments Ltd on a range of topics related to the Government's holdings in financial institutions, in line with the UK Financial Investment's framework document and investment...

Oral Answers to Questions — Treasury: Government Holdings (16 Mar 2010)

Ian Pearson: We are certainly not being passive on the sidelines. As the House is well aware, the Government have negotiated binding commitments with RBS and Lloyds Banking Group on lending to businesses, as well as mortgage lending. We have taken further actions to help small, growing companies, through the enterprise finance guarantee, which has been a big success in lending to small businesses, and...


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