Results 81–100 of 1400 for (in the 'Commons debates' OR in the 'Westminster Hall debates' OR in the 'Lords debates' OR in the 'Northern Ireland Assembly debates') speaker:Kevin Hollinrake

Supporting Small Business (19 Oct 2021)

Kevin Hollinrake: I thank the hon. Lady for giving way again. She is being very generous. If I heard her correctly, she is going to scrap business rates in the next Parliament. Business rates bring in about £30 billion a year. How will she make up that shortfall? What will be the replacement system to bring in that £30 billion a year?

Health and Social Care: NHS Capacity (19 Oct 2021)

Kevin Hollinrake: Further to the last question on NHS dentistry from the right hon. Member for Normanton, Pontefract and Castleford (Yvette Cooper), we are in a difficult situation across North Yorkshire, where there is no NHS dentist availability across the whole of Thirsk and Malton. It will take the NHS two years to recommission the service in Helmsley—the closed practice in Helmsley—and the Thirsk...

Subsidy Control Bill (22 Sep 2021)

Kevin Hollinrake: It is a pleasure to speak in this debate and to listen to the various arguments on both sides of the House. I am a committed free marketeer and have been in business for most of my life, and I do not think that I have ever accepted a Government subsidy—other than perhaps last year under the coronavirus business interruption loan scheme. I would be interested if the Minister could reflect on...

Subsidy Control Bill (22 Sep 2021)

Kevin Hollinrake: I know that is the hon. Member’s question, but I think it is the wrong question. For me, the key question is whether the subsidy is going to spend taxpayers’ money well. We can claim success not just by giving more money away than was wasted, but when the taxpayers’ money that is used proves fruitful. We should not be disappointed that we have had one of the lower subsidy levels of the...

Subsidy Control Bill (22 Sep 2021)

Kevin Hollinrake: The hon. Lady may have identified this herself already, but freeports, for example, allow businesses to relocate and benefit from different taxation regimes. Such businesses are treated more beneficially in how they operate and in their cost of operation. Does she accept that freeports do exactly what she is setting out?

Subsidy Control Bill (22 Sep 2021)

Kevin Hollinrake: This is the United Kingdom Parliament.

Subsidy Control Bill (22 Sep 2021)

Kevin Hollinrake: Has the hon. Gentleman bothered to read the National Audit Office report, which specifically says that Ministers had no involvement in any procurement decision? Will he put that properly on the record? All he is doing by making those points is trashing the name of the whole of politics, not just that of the Conservatives. It is a complete nonsense, and he should admit it.

Subsidy Control Bill (22 Sep 2021)

Kevin Hollinrake: My hon. Friend makes some strong points, and I absolutely agree with those about transparency. One objection to lowering the threshold to a few hundred pounds rather than £0.5 million might be the burden of red tape attached, but, as I understand it, the costs for having a database that includes pretty much every subsidy—about £20,000 per annum—are minimal.

Subsidy Control Bill (22 Sep 2021)

Kevin Hollinrake: The right hon. Member for Dwyfor Meirionnydd (Liz Saville Roberts) mentioned ideology. One ideology that I hope will always hold firm on this side of the House is that of not wasting taxpayers’ cash. Is the Minister comfortable with the situation in which local authorities and devolved Administrations could grant subsidies of hundreds of thousands of pounds without having to publicly...

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill: Clause 1 - Compensation payments to customers of London Capital & Finance PLC (22 Sep 2021)

Kevin Hollinrake: The Treasury deserves great credit for introducing this compensation scheme in the first place. It is a pity that the Minister responsible—my hon. Friend the Economic Secretary—is not on duty today, because he deserves personal credit for that, but the Under-Secretary of State for Work and Pensions, my hon. Friend the Member for Hexham (Guy Opperman) is an excellent stand-in. Warren...

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill: Clause 1 - Compensation payments to customers of London Capital & Finance PLC (22 Sep 2021)

Kevin Hollinrake: As I said on Report, it is incumbent on investors to check out investments. If something is paying out 8% when they can get 0.5% from their bank, they must say, “Well, this is more risky than simply putting it in the bank.” We cannot lose sight of that principle. However, the least we can expect is a regulator that is proactive. In 2015, a number of people were raising concerns about...

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill: Clause 1 - Compensation payments to customers of London Capital & Finance PLC (22 Sep 2021)

Kevin Hollinrake: Anybody reading the report will be appalled by the regulator’s performance in this case, given not just the number of complaints about LCF but the lack of joined-up thinking within the FCA. This was some years down the line; it happened after Andrew Bailey had taken over at the FCA. He knew there were problems right at the start, but there was no joining of the dots and there were the clear...

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill: Clause 1 - Compensation payments to customers of London Capital & Finance PLC (22 Sep 2021)

Kevin Hollinrake: I could not agree more. The UK has a pretty poor record in terms of bringing forward fraud prosecutions. There are a number of things we need to do that are not really within the scope of this Bill. Not the least of them —the Government are committed to this—is bringing forward an offence of a failure to prevent an economic crime. That would make it far easier for the SFO to bring forward...

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill: Clause 1 - Compensation payments to customers of London Capital & Finance PLC (22 Sep 2021)

Kevin Hollinrake: That is very welcome. The key point in the amendment is about oversight. I am concerned that the FCA is not as accountable as it could be to this House. With repatriation, a number of regulations and regulatory oversight of the FCA have now passed back to us domestically whereas before there was accountability through the EU institutions. I am concerned that we have proper oversight of what...

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill: Clause 1 - Compensation payments to customers of London Capital & Finance PLC (22 Sep 2021)

Kevin Hollinrake: I am sure that many other people in the House often get frustrated, as I do, at unaccountable independent bodies or arm’s length bodies, and I might mention not least the FCA, possibly the Environment Agency and perhaps the NHS as well. Would it not be better for the FCA to have a direct line of accountability to those who are elected by the people of this country and for the body the hon....

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill: Clause 1 - Compensation payments to customers of London Capital & Finance PLC (22 Sep 2021)

Kevin Hollinrake: The hon. Gentleman is making some good points and has been very vocal in this Chamber to draw attention to the bonds of a similar nature that were also mis-sold. However is not subsection (5)(a) of his amendment, which would require, “an assessment of the regulatory failures” already covered by the Gloster report? Is not that exactly what that does? Has the purpose of his amendment not...

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill: Clause 1 - Compensation payments to customers of London Capital & Finance PLC (22 Sep 2021)

Kevin Hollinrake: It is a pleasure to have the opportunity to debate these issues. The amendment tabled by the hon. Member for Glenrothes (Peter Grant) is interesting. Certainly I very much support the broad principle of greater scrutiny of the FCA, but I cannot support his amendment because I do not feel that it is effective, not least regarding the issues I raised earlier. Some of the issues in it have...

Health and Social Care Levy (8 Sep 2021)

Kevin Hollinrake: That point about rental income has been made on a number of occasions. If someone holds their properties in a limited company and they take their profits through dividends, those dividends are taxed to include the social care levy. Will the hon. Lady put the record straight and accept that that is the case?

Health and Social Care Levy (8 Sep 2021)

Kevin Hollinrake: It is a pleasure to follow my hon. Friend the Member for Stoke-on-Trent South (Jack Brereton). I absolutely agree with him that the Government’s proposal is probably the least worst option. When it comes to this debate, I feel saddest for the many constituents who have come up to me in recent years and said, “When it comes to the big issues—the issues of national interest—why is it...

Health and Social Care Levy (8 Sep 2021)

Kevin Hollinrake: The shadow Minister on the Front Bench can shake her head, but that is the reality behind the proposal. The Chair of the Housing, Communities and Local Government Committee, the hon. Member for Sheffield South East (Mr Betts), said clearly that he still supported a solution based on national insurance. I agree with my hon. Friend the Member for Stoke-on-Trent South that this solution is the...


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