Results 61–80 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

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...

Health and Social Care Levy (8 Sep 2021)

Kevin Hollinrake: Will the hon. Gentleman give way?

Health and Social Care Levy (8 Sep 2021)

Kevin Hollinrake: Yes, the hon. Gentleman is absolutely right. As always, he is making some very good points. I thoroughly enjoyed my time with him on the Select Committee. We did two reports on social care, and we made a recommendation in 2018 to fund social care through the national insurance system. Does the hon. Gentleman still support that recommendation?

Health and Social Care Levy (8 Sep 2021)

Kevin Hollinrake: Will the hon. Lady give way?

Health and Social Care Levy (8 Sep 2021)

Kevin Hollinrake: I am very grateful. In respect of the sufficiency of Scottish social care budgets, there is now an 11-week wait in parts of Scotland for discharge from hospital into a care home. Is the hon. Lady honestly saying that she does not need extra resources for Scottish health and social care?

Health and Social Care Levy (8 Sep 2021)

Kevin Hollinrake: rose—

Health and Social Care Levy (8 Sep 2021)

Kevin Hollinrake: I was delighted to sit on the Housing, Communities and Local Government Committee—the Chair of the Committee is in his place now—during its joint inquiry with the Health and Social Care Committee. Some 24 Committee members, 12 of whom were Opposition Members, recommended a solution based on national insurance. The shadow Secretary of State for Health and Social Care also proposes a...

Health and Social Care (7 Sep 2021)

Kevin Hollinrake: May I quote from a recent report from a joint inquiry by the Health and Social Care Committee and the Housing, Communities and Local Government Committee on the future funding of social care, on which I sat together with 12 Opposition Members? It says: “We therefore recommend that an earmarked contribution, described as a ‘Social Care Premium’, should be introduced, to which individuals...

National Insurance Contributions Bill: New Clause 1 - Zero-rate contributions for employees of green manufacturing companies (6 Sep 2021)

Kevin Hollinrake: I understand the purpose behind the new clause, but new clause 1 refers to “green manufacturing companies”, whereas new clause 2 talks about manufacturing products that “include” wind turbines and electric vehicles. So could those companies not undertake all kinds of very polluting activities within their business but still qualify for the exemption for all their employees if they...

National Insurance Contributions Bill: New Clause 1 - Zero-rate contributions for employees of green manufacturing companies (6 Sep 2021)

Kevin Hollinrake: They say that the road to hell is paved with good intentions. The intention may be something different, but the way the new clauses are drafted and the fact that new clause 2 says “include” means that so long as a company does some of those things, it could burn coal to produce electricity and still qualify under the new clause. That is the position as far as I can ascertain, but the hon....


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