All 10 results for catastrophe speaker:Steven Baker

2019 Loan Charge — [Mr Charles Walker in the Chair] (20 Nov 2018)

Steven Baker: ...hon. Friend the Minister will have heard. I will now make some progress. The Loan Charge Action Group says that the human impact of receiving a bill for up to 10 years’ worth of tax will have a catastrophic effect on individuals and their families. On whom among us would it not have a catastrophic effect? It goes on to say that we are looking at thousands of bankruptcies, family...

Public Bill Committee: Vehicle Technology and Aviation Bill: Offence of shining or directing a laser at a vehicle (21 Mar 2017)

Steven Baker: ...about the difficulty of proving a person’s intent: “if somebody shines a laser and a plane crashes, there is a lot of injury to a lot of people; the consequences at that end are obviously catastrophic.” I picked that theme up and asked BALPA whether it is possible that an attack with a laser could cause the loss of an aeroplane. Martin Drake replied, “Oh yes, absolutely.” He went...

Public Bill Committee: Vehicle Technology and Aviation Bill: Accident resulting from unauthorised alterations or failure to update software (16 Mar 2017)

Steven Baker: ...a proportion of the Minister’s remarks, although not all of them. If we do end up in a position where safety-critical software updates to cars are both frequent and expensive, there will be a catastrophic market failure, and we will be banning automated cars and sending engineers back to college.

BHS: Industrial Strategy (20 Oct 2016)

Steven Baker: Adam Smith was catastrophically wrong about the labour theory of value and has much to answer for, but I look forward to hearing the hon. Gentleman’s remarks.

Pakistan (Uk Support) (26 Jan 2015)

Steven Baker: Does my hon. Friend agree that when people commit these atrocities in the name of Islam, they also betray—sometimes catastrophically—the vast majority of law-abiding decent Muslims in this country, who then have to defend themselves? Does he agree that that is a double betrayal for those Muslims?

Ways and Means — Budget Resolutions and Economic Situation: amendment of the Law (22 Mar 2013)

Steven Baker: .... An independent Bank of England therefore found itself controlling the money supply by looking at price inflation without looking at house prices, which were rushing away. That was bound to end in catastrophe. Let me explain the problem with the Chancellor’s policy on credit market intervention. When we look across the range of things that were intended, we can see that there is a clear...

Ways and Means — Budget Resolutions and Economic Situation: amendment of the Law (22 Mar 2013)

Steven Baker: The right hon. Gentleman is telling a tale of catastrophe. I do not doubt that the country is awash with suffering, but may I draw his attention to UK industrial production, which is at a 20-year low? The point is that it collapsed under his watch: UK industrial production collapsed to a 20-year low under his watch. Will he not just admit that it was his Government who dropped us into this mess?

Concessionary Bus Travel (Amendment): Clause 32 — Commencement (18 Oct 2011)

Steven Baker: I also point out to the hon. Lady that the Bank for International Settlements has provided a number of charts setting out the debt projections for most of the western world, all of which look catastrophic. For example, in the United Kingdom—[Interruption.] Aren’t iPads useful! The BIS tells us that on the trajectory we inherited from Labour, our national debt would have reached...

Concessionary Bus Travel (Amendment): Clause 32 — Commencement (18 Oct 2011)

Steven Baker: The financial context now is quite different from that in previous years. If the Government were not to address the pensions crisis within a realistic financial context, we would have a financial catastrophe. We would find ourselves, by 2040, attempting to spend one quarter of GDP on debt interest. It would be catastrophic—and much as my heart goes out to those ladies who I wish were not...

Oral Answers to Questions — Electoral Commission Committee: Budget Resolutions and Economic Situation (22 Jun 2010)

Steven Baker: more than a quarter of GDP. I do not know about the rest of the House, but I do not believe that we will ever get there. Long before interest payments reach 25% of GDP, we will have a social catastrophe. We cannot allow that to happen. Perhaps bond investors with short time horizons of days and weeks will continue to put their faith in the nation's ability to repay, and perhaps they...

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