Results 1–20 of 169 for (in the 'Commons debates' OR in the 'Westminster Hall debates' OR in the 'Lords debates' OR in the 'Northern Ireland Assembly debates') speaker:Lord Turnbull

Post-18 Education and Funding Review - Motion to Take Note (2 Jul 2019)

Lord Turnbull: My Lords, I start by congratulating Philip Augar and his review team on a thoughtful and comprehensive report on post-18 education and funding. Alongside housing and long-term care, this is one of the three great unresolved issues crowded out by Brexit. The area they investigated was looked at last year by the Economic Affairs Committee, of which the noble Lord, Lord Layard, and I are the...

Inflation - Motion to Take Note (1 Jul 2019)

Lord Turnbull: My Lords, earlier today, the House confirmed my P45 from membership of the Economic Affairs Committee. I greatly enjoyed working under the chairmanship first of the noble Lord, Lord Hollick, and latterly that of the noble Lord, Lord Forsyth. It was also an exquisite pleasure to note the conversion of the noble Lord, Lord Forsyth, to the cause of social housing and—as we will...

Inflation - Motion to Take Note (1 Jul 2019)

Lord Turnbull: The basis on which that was done was that the statistics authority said it was flawed; that, I thought, was sufficient. Anyway, it said it would go on publishing the RPI and no longer designate it as a “national statistic” but rather, treat it as a legacy measure, with no further work to develop it. The chief statistician said there were many flaws with the RPI. For example, if it is used...

Inflation - Motion to Take Note (1 Jul 2019)

Lord Turnbull: I think the noble Lord should go away and write this down on a piece of paper—I think he will find that it does not end up where it started.

Inflation - Motion to Take Note (1 Jul 2019)

Lord Turnbull: I said it does not. In other words, it fails the time reversibility test. If it goes up by 25% and then comes down by 25%, it ought to end up where it was before, but the price level is not the same. We believe that if the ONS is going to continue publishing the RPI, it should have a programme for addressing the flaws that have been identified. The EAC then looked into the implications of...

Competition and Markets Authority: Legislative and Institutional Reforms - Question for Short Debate (8 May 2019)

Lord Turnbull: My Lords, I congratulate the noble Baroness, Lady Hayter, on promoting this debate, which is both timely and important. It is a pleasure to have something meaningful to get one’s teeth into. I start by declaring an interest. The CMA is working on two initiatives. First, it is addressing its purpose and what powers it has. These were the subject of the letter from the noble Lord, Lord Tyrie,...

Finance (No. 3) Bill - Second Reading (and remaining stages) (7 Feb 2019)

Lord Turnbull: My Lords, the principle of financial privilege means that this House has no powers in relation to the structure of tax, its rates and its incidence. It can, however, examine the way in which the tax system is administered, its governance and the compliance burden on different types of taxpayers. This time last year the Economic Affairs Committee, of which I am a member, through its Finance...

Police and Crime Commissioners - Motion to Take Note (28 Jun 2018)

Lord Turnbull: My Lords, I have a long-standing friend who became a PE teacher. For 50 years he worked tirelessly to promote sport in schools and communities. He was the sort of the person we should give an MBE to. But two years ago someone went into a police station and alleged that he had been inappropriately touched by him after a gym lesson sometime in the early 1980s. The police followed the guidance...

European Union (Withdrawal) Bill - Committee (6th Day) (12 Mar 2018)

Lord Turnbull: I do not think I was making a distinction between fees and charges—they are just words. They broadly mean the same thing and both suffer from the same defect.

European Union (Withdrawal) Bill - Committee (6th Day) (12 Mar 2018)

Lord Turnbull: I am about to get to that. There are other fees and charges which, as a matter of policy, raise more than enough to cover costs and these should be treated as taxes. I think that in the national accounts, even if the words “fee” or “charge” or “levy” are used, statisticians look at the facts of the case. If there is this surplus generated beyond the simple covering of costs, then...

European Union (Withdrawal) Bill - Committee (6th Day) (12 Mar 2018)

Lord Turnbull: If something generates a surplus, it is equivalent to a tax and should be covered by the same legislative understandings about taxes. There is a third category, where a conscious policy relates the fee not according to how much it costs to administer that piece of service to a business or a household but to something like wealth or income. The most egregious example of this was the recently...

European Union (Withdrawal) Bill - Committee (6th Day) (12 Mar 2018)

Lord Turnbull: My Lords, I regret that I was unable to attend all of Wednesday’s Committee stage, thereby missing a number of important speeches, but I have the opportunity now to speak on behalf of the noble Lord, Lord O’Donnell. I hope that your Lordships will accept that one Treasury ex-Permanent Secretary is a fair swap for another. I particularly admired the speech of my immediate predecessor, the...

Brexit and the Labour Market (Economic Affairs Committee Report) - Motion to Take Note (8 Feb 2018)

Lord Turnbull: My Lords, this was a very difficult report to prepare, the main sources of difficulty being the unsatisfactory evidence base and confused policy objectives. The noble Lord, Lord Forsyth, has highlighted the deficiencies in the statistics. The main source of the figures is the International Passenger Survey, based on 20-minute interviews—which I do not think are compulsory—with a sample of...

Housebuilders - Motion to Take Note (11 Jan 2018)

Lord Turnbull: My Lords, I declare an interest as chair of a study by some housing associations into the future of their sector. I do not need to repeat the lengthy charge-sheet against the major housebuilders, which my noble friend Lord Best and others have set out already, I just want to return to one point, the terms for leasehold houses. These do not meet the principles of treating customers fairly now...

House of Lords: Lord Speaker’s Committee Report - Motion to Take Note (Continued) (19 Dec 2017)

Lord Turnbull: My Lords, in the absence of a vote on a Motion, speaking in a debate is the only way we can express a view, even though it makes for a degree of repetition. Nevertheless, I register my strong support for all three main propositions in this report: a reduction in the size of House to around 600 Members by two out, one in; once that is reached, terms limited to 15 years; and allocation of...

Finance Bill - Second Reading (and remaining stages) (15 Nov 2017)

Lord Turnbull: My Lords, I am pleased to introduce the report of the Sub-Committee of the Economic Affairs Committee on the draft Finance Bill 2017. It was prepared under the excellent chairmanship of the noble Lord, Lord Hollick, before his term ended. I thank our two advisers, Elspeth Orcharton and Tony Orhnial. It is a funny old world in which we are debating this—only days before the next budget cycle...

Intergenerational Fairness in Government Policy - Motion to Take Note (26 Oct 2017)

Lord Turnbull: My Lords, I very much welcome this debate, which brings intergenerational fairness—a subject previously confined to the higher realms of philosophy and welfare economics—to the forefront of current government policies. It seems that a new division in society is not class, around which the two main parties have been organised for nearly a century, but around age. We may deplore that fact,...

Electricity Market (EAC Report) - Motion to Take Note (17 Jul 2017)

Lord Turnbull: My Lords, energy and climate policy displays a great deal of groupthink and a reluctance to challenge long-held assumptions, even when the evidence changes. So it was refreshing to work on this report, which questions many of those assumptions. As has been pointed out, the report identified two main failings in current energy policy. First, we have moved rapidly from a framework which allowed...

Building More Homes (Economic Affairs Committee Report) - Motion to Take Note (2 Mar 2017)

Lord Turnbull: My Lords, let us start by giving credit where credit is due. First, the White Paper is candid in acknowledging the multiple failures in the housing market. Secondly, it recognises that the current target of 1 million homes over five years is too low. Although we are told that it remains in force, it has been completely airbrushed from the documents, presumably because it is clear that housing...

Finance Bill - Second Reading (and remaining stages) (13 Sep 2016)

Lord Turnbull: My Lords, let me return to the report on the Finance Bill by the Economic Affairs Sub-Committee, of which I was a member. That highlighted a number of general concerns about the way in which the tax system is developing that go beyond the specific measures on the taxation of savings. I will focus on the following themes: complexity; destination; compliance; and communication. I first started...


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