Results 101–120 of 6258 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 Darling of Roulanish

Capital Gains Tax (Rates) (23 Jun 2010)

Alistair Darling: I shall give way to the hon. Gentleman, not least because I had the pleasure of visiting what is now his constituency during the election campaign, and I can see that my contribution there did not quite work out.

Capital Gains Tax (Rates) (23 Jun 2010)

Alistair Darling: What Japan got wrong was snuffing out a recovery at a very early stage and never really getting over it. As the hon. Gentleman knows, the Japanese have had complete stagnation for a long period now. The debt is just going up and up, and understandably they are very concerned about it. The new Prime Minister was the finance Minister until a few weeks ago, and understandably, he has huge...

Capital Gains Tax (Rates) (23 Jun 2010)

Alistair Darling: My hon. Friend makes a fair point. It is interesting that the Liberal Democrats promised us that if they went into coalition they would get something in return on capital gains tax. They wanted a 40% CGT, yet they appear to have settled for 28%.

Capital Gains Tax (Rates) (23 Jun 2010)

Alistair Darling: The Chancellor says it is 10% higher, but when I raised capital gains tax to 18%, I remember the angry campaign waged against it by Conservative Members. They said that 18% would discourage enterprise and was a terrible thing, but they seem to have changed their minds on that absolutely and completely. By the way, we are not going to oppose the increase in capital gains tax; especially when...

Capital Gains Tax (Rates) (23 Jun 2010)

Alistair Darling: I am not saying that, and I am bound to say that I do not remember anybody-and certainly not the Conservative party at the time-criticising the reduction of CGT down to 10%. It was believed that it would help and encourage entrepreneurship- [Interruption.] The hon. Gentleman might like to have a long look at that, but I am sure that many arguments can be mounted both ways. As he knows, I made...

Capital Gains Tax (Rates) (23 Jun 2010)

Alistair Darling: Our policy, as the hon. Gentleman will know, was to restore the earnings link from 2012. I can see that bringing that forward to a year in which earnings are likely to be very low had a political attraction. I think that was the subject of exchanges at Prime Minister's Question Time, and it will not have the cash effect that is thought. As for personal allowances, I am in favour of taking...

Capital Gains Tax (Rates) (23 Jun 2010)

Alistair Darling: I noticed that the spin on Tuesday morning was that council tax was to be frozen in England next year. By the time of the speech, however, the Chancellor was saying that if local authorities did certain things, he would see what he could do to help them, which is not quite the same. Let me put some questions to the Secretary of State for Business, Innovation and Skills. On the Chancellor's...

Oral Answers to Questions — Prime Minister: Financial Services Regulation (16 Jun 2010)

Alistair Darling: (Urgent Question): To ask the Chancellor of the Exchequer to set out his proposals for the future of financial services regulation and for the role of the Bank of England.

Oral Answers to Questions — Prime Minister: Financial Services Regulation (16 Jun 2010)

Alistair Darling: I am grateful to the Chancellor for that answer, and I wonder whether I might press him on a number of points. First, he says that the Bank of England will have responsibility for macro-prudential supervision, but he also says that the debate as to what macro-prudential supervision consists of is still up for grabs as it is still being debated internationally. When does he expect those...

Oral Answers to Questions — Work and Pensions: Office for Budget Responsibility (14 Jun 2010)

Alistair Darling: I thank the Chancellor for his statement. My thanks would be more heartfelt had I not received it just 25 minutes ago. There was a time when statements were supposed to be in the hands of the Opposition an hour before the statement was made, and then 45 minutes. I do accept, before the Chancellor says it, that in my time there were occasions when he did not get as much notice as he wanted....

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I beg to move an amendment, at the end of the Question to add: "endorse the successful steps taken by the previous administration to return the economy to growth, to keep people in their jobs and homes, and to support businesses; note the need for a clear plan to bring down the deficit; respectfully believe that securing the recovery and robust future growth should be central to that plan;...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: My right hon. Friend will know that I have always had reservations about transferring responsibility for regulation to the Bank of England, as I am not sure that it is the best body to deal with it. Certainly, for much of the past 10 years, it has had a good and distinguished record on monetary policy, but I am not so sure whether it should have widespread responsibility for regulation. My...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I will give way once more to my right hon. Friend.

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I think it was providing a response to a parliamentary question from my right hon. Friend that obliged me to read the report. I remember spending two days reading it and giving my decision. However, I do not have the benefit of the advice I received, which I now need to remind me why I refused his request at that time. All I can say is that I refused his request for entirely the right reasons...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: Forgive me if I have misunderstood the hon. Gentleman, but throughout the three years when I was Chancellor, I do not think that I ever, on any occasion, concealed from anyone the difficulties that we and other economies would face as a result of the deepest global downturn in the past century. There can be no doubt about that. However, I should tell the hon. Gentleman and his colleagues that...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I shall give way to the hon. Lady first.

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: First, I said on many occasions that the right thing to do was to hold a spending review this year, before the end of the current review period ran out. There is still a lot of uncertainty, as I shall explain later, and the hon. Lady would do well to remember that at present, while we are coming out of recovery, our growth is modest. I hope we will see recovery secured, but what is happening...

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I will give way to my hon. Friend the Member for Huddersfield (Mr Sheerman), and then I shall make some progress.

Speaker's Statement: Economic Affairs and Work and Pensions (8 Jun 2010)

Alistair Darling: I think it is necessary for anyone charged with responsibility for the British economy to take a measured approach. If things are difficult, they have a duty to speak out, even when that causes them some problems, as I found out myself a couple of years ago. I think it is better that we do that, than not. Equally, however, it does no good to go running around saying the situation is...


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