Results 1–20 of 4948 for (in the 'Commons debates' OR in the 'Westminster Hall debates' OR in the 'Lords debates' OR in the 'Northern Ireland Assembly debates') speaker:Angela Eagle

Equitable Life (27 Jan 2009)

Angela Eagle: Will the hon. Gentleman give way?

Equitable Life (27 Jan 2009)

Angela Eagle: Will the hon. Gentleman give way?

Equitable Life (27 Jan 2009)

Angela Eagle: If I had not already been aware of the degree of worry about these issues before attending and listening to the debate, I certainly would be after the speeches we have heard. Those who said that many policyholders who experienced losses might be in difficulties are right. I congratulate the hon. Member for Northavon (Steve Webb) on securing a debate on the subject. I give hon. Members an...

Equitable Life (27 Jan 2009)

Angela Eagle: Those are precisely the issues and calculations that we have asked Sir John Chadwick to consider in detail. Those who actually listened to my right hon. Friend the Chief Secretary's statement will have heard her say that we have asked that Sir John be given access to the detailed policy information held by Equitable Life, so that he can examine—as those who have seen his terms of...

Equitable Life (27 Jan 2009)

Angela Eagle: I shall try to deal with some of the issues about interim payments and other payments that have been raised by hon. Members during the debate. As my right hon. Friend the Chief Secretary said on the Floor of the House during her statement, we will consider the idea of interim payments, but we would not want such a scheme to hold up the swift delivery of the main scheme—[Hon. Members:...

Economic Downturn (28 Jan 2009)

Angela Eagle: I congratulate my hon. Friend the Member for Ochil and South Perthshire (Gordon Banks) on securing this debate and on the points that he made. He is right to observe that we are facing some of the harshest economic conditions for decades. As I would expect of an assiduous constituency Member, he spoke about what he sees happening in his constituency. In the late 1980s, inflation rose into...

Economic Downturn (28 Jan 2009)

Angela Eagle: Certainly. We have set up the lending panel, which meets regularly. As part of the latest measures announced by my right hon. Friend the Chancellor on 19 January, we will also be coming to legally binding agreements with the banks that we are supporting. In fact, there has been an increase in lending to our economy from the banks that have been recapitalised. The problem for my hon. Friend's...

Economic Downturn (28 Jan 2009)

Angela Eagle: I do not disagree with my hon. Friend's sentiments, but I want to emphasise that we have taken steps to support the banking system not because we support bankers, but because we wish to guarantee the savings of the many millions of people who have their money in retail banking. It is important to remember that retail depositors have not lost a penny, because of Government action. We also want...

Economic Downturn (28 Jan 2009)

Angela Eagle: I can assure my hon. Friend that we in the Treasury are well appraised of the need to achieve that degree of swiftness and that result. That is why the Government are acting to deliver real help now, partially by introducing £3 billion of capital projects on housing repairs, insulation, school extensions, health centre refurbishment and transport improvements. To ease the cash flows of...

Opposition Day — [3rd Allotted Day]: Government Capital Expenditure (2 Feb 2009)

Angela Eagle: The hon. Gentleman claims that the Opposition believe that the problem is monetary, and strongly implies that the only reasonable solution is monetary. If interest rates get as low as they have done in Japan and the US, where is monetary policy then? Is he asking for quantitative easing?

Opposition Day — [3rd Allotted Day]: Government Capital Expenditure (2 Feb 2009)

Angela Eagle: I did not say that.

Opposition Day — [3rd Allotted Day]: Government Capital Expenditure (2 Feb 2009)

Angela Eagle: I was asking the hon. Member for South-West Hertfordshire (Mr. Gauke) a question about monetary policy, should we get to the stage where interest rates in this country are as low as they have been in Japan and the USA. I was talking about a hypothetical situation, not one that is in existence, because, as the hon. Member for Chichester (Mr. Tyrie) knows, interest rates are currently 1.5 per...

Opposition Day — [3rd Allotted Day]: Government Capital Expenditure (2 Feb 2009)

Angela Eagle: We have had a short but interesting debate this evening, and I would like to deal with some of the issues raised. Interestingly, the hon. Member for Twickenham (Dr. Cable) said that capital expenditure simply is not taking place at the moment. I am glad to say that that is not true; I am sorry to disappoint him, but there is a great deal of work going on, and a great deal of extra capital...

Opposition Day — [3rd Allotted Day]: Government Capital Expenditure (2 Feb 2009)

Angela Eagle: There is no freeze to the capital programme for further education expenditure, and there is no question but that the £110 million that was brought forward in the pre-Budget report this year will be spent. There are signs that the ability of some colleges to raise their own funds for proposed projects is being affected by the downturn, and it is right that the Learning and Skills Council...

Oral Answers to Questions — Treasury: Banking Industry (12 Feb 2009)

Angela Eagle: My hon. Friend is right. The co-ordinated European recovery plan, which was agreed by Finance Ministers and leaders in the EU, includes a fiscal stimulus of a similar size to the one that we pioneered in this country. Germany may have had a few words to say, but it has introduced the largest fiscal stimulus since the second world war, at €82 billion. The French have a €26 billion...

Oral Answers to Questions — Treasury: Banking Industry (12 Feb 2009)

Angela Eagle: The right hon. Gentleman makes some interesting points, but it is also important to remember that we are pioneers in ensuring that the EU budget is spent appropriately. We always raise that point in all the meetings that we have. I also note that €30 billion of the EU fiscal stimulus—which the Tories oppose, but which will help to revive all of our economies—will come...

Oral Answers to Questions — Treasury: Banking Industry (12 Feb 2009)

Angela Eagle: My right hon. Friend the Minister for Local Government has recently announced to the House, following our announcement in the pre-Budget report, an unprecedented period of eight years to pay back these liabilities, which are properly and rightly assessed, as happens routinely with all business services. There is an eight-year pay-back period; it is interest free; and it should offer a great...

Bingo Clubs (25 Feb 2009)

Angela Eagle: I congratulate the hon. Member for Birmingham, Yardley (John Hemming) on securing this debate. I am glad to have the opportunity to continue this important discussion on the taxation of bingo clubs. The Government work hard to take on board the views of all interested parties, and we continue to engage closely with the Bingo Association. That close working relationship enables us to keep...

Bingo Clubs (25 Feb 2009)

Angela Eagle: I thank the hon. Gentleman for giving me the chance to get into my speech! However, I happily give way to him; it is his debate.

Bingo Clubs (25 Feb 2009)

Angela Eagle: I am happy to tell the hon. Gentleman that the level of taxation for bingo is about the average for gambling. He said that bingo is unique in having double taxation. That is not true; amusement machine licence duty and VAT is also paid on gaming machines. Bingo's effective rate of taxation is not the 32 per cent. that he cites, but is between 24 and 25 per cent. That is about the average for...


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