Results 141–160 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

Post Office Court of Appeal Judgment (27 Apr 2021)

Kevin Hollinrake: I have used this quote already in the Chamber today; Warren Buffett often says: “What we learn from history is that people don’t learn from history.” When we finally discovered the 10-year cover-up of a fraud at Lloyds, we inexplicably let Lloyds run its own compensation scheme, which three years later was determined to be not fair or reasonable, and we had to do it all again. Will my...

Treasury: Covid-19: Support for Businesses (27 Apr 2021)

Kevin Hollinrake: What steps his Department is taking to support businesses affected by the covid-19 outbreak.

Treasury: Covid-19: Support for Businesses (27 Apr 2021)

Kevin Hollinrake: Warren Buffett once said: “What we learn from history is that people don’t learn from history.” With a 50% rise in the number of companies in significant financial distress, to prevent repeating the historical mistakes of post the last financial crisis, inflicting all that scandalous treatment on SMEs, will my hon. Friend consider working with the banks to extend the very fair and...

Financial Services Bill: Before Clause 1 - Duty of care for financial service providers (26 Apr 2021)

Kevin Hollinrake: I rise to speak to amendment 8. I listened carefully to the Minister’s comments, and he has engaged across the House very frequently on this issue. I know this challenge is not of his making. It is not even of this Government’s making, but it is the responsibility of the Government of the day to solve it, because it is a problem of a Government’s making—indeed, it is of a Conservative...

Financial Services Bill: Before Clause 1 - Duty of care for financial service providers (26 Apr 2021)

Kevin Hollinrake: I know that the problem the Minister is trying to solve is not of his making. The problem originated when the affordability rules were changed pursuant to the financial crisis. The affordability rules were waived for people with their existing lenders who wanted to move from one fixed-rate deal, when it terminated, to the next one. Those with inactive lenders who are in the same situation...

Financial Services Bill: Before Clause 1 - Duty of care for financial service providers (26 Apr 2021)

Kevin Hollinrake: Could we agree a basic principle that identical borrowers—the Minister uses the example of two similar borrowers in similar situations—should be treated exactly the same? One should not be treated better than the other. Will he agree to a principle that, if a person is a UK borrower and is in the same financial situation as others, whether they are with an active lender or an inactive...

Finance (No. 2) Bill: Clause 30 - Construction industry scheme (20 Apr 2021)

Kevin Hollinrake: I very much welcome the digital services tax, which is there to try to make sure that everybody pays their fair share, as the Minister said in his opening remarks. Having said that, it does not apply to Amazon’s direct sales on that platform. It applies only to third-party merchants, so there is not that much of a level playing field between those two different cohorts. Will he look at that...

Finance (No. 2) Bill: Clause 30 - Construction industry scheme (20 Apr 2021)

Kevin Hollinrake: I draw the Committee’s attention to my entry in the Register of Members’ Financial Interests. Is the hon. Member aware that there are very strict requirements for people involved in the property market to check the identity and the source of funds of those she has just described?

Finance (No. 2) Bill: Clause 30 - Construction industry scheme (20 Apr 2021)

Kevin Hollinrake: It is a pleasure to speak in this part of the debate, and I draw the House’s attention to my entry in the Register of Members’ Financial Interests. It was probably 15 years after we set up our business that our own accountants came to us—we were making reasonable profits by then—and suggested that we take advantage of a tax avoidance measure, and a pretty aggressive one in our view....

Finance (No. 2) Bill: Clause 30 - Construction industry scheme (20 Apr 2021)

Kevin Hollinrake: I absolutely accept that our tax system is very complex, and I have proposed a number of measures on the Floor of this House to try to simplify it. For example, abolishing business rates and replacing them with an increase in VAT would simplify the tax system, instead of having an online sales tax. However, in terms of this debate I do not think it is the complexity of the issues that catches...

Finance (No. 2) Bill (13 Apr 2021)

Kevin Hollinrake: It is a pleasure to follow my right hon. Friend the Member for Wokingham (John Redwood). My comments relate to the small and medium-sized enterprises that he was talking about so passionately. The sage of Omaha, the great Warren Buffett, once said that what we learn from history is that we do not learn from history. I particularly want to look at what happened to the SMEs after the last...

Finance (No. 2) Bill (13 Apr 2021)

Kevin Hollinrake: May I add another point to my hon. Friend’s list of positives? Lots of the money spent because of the super deduction will be spent in the supply chain, thereby helping SMEs.

Finance (No. 2) Bill (13 Apr 2021)

Kevin Hollinrake: My hon. Friend makes a very good point about regional economies. On engines for growth, does he think that regional mutual banks might be part of the solution? They are very effective in places such as Germany and the US, focusing on regions, making sure that SMEs get lending into the productive parts of our economy. Would he look at that as part of his remit on regulatory reform?

Finance (No. 2) Bill (13 Apr 2021)

Kevin Hollinrake: I agree with the hon. Gentleman that we need to level the playing field between high street businesses and online businesses. That is a very tricky thing to do, particularly when talking about business rates. What is his solution to that?

Finance (No. 2) Bill (13 Apr 2021)

Kevin Hollinrake: rose—

Finance (No. 2) Bill (13 Apr 2021)

Kevin Hollinrake: Will the hon. Gentleman give way?

Greensill Capital (13 Apr 2021)

Kevin Hollinrake: If we can put to one side the blatant political opportunism here, there is a scandal behind this. Greensill failed because it overextended itself to GFG Alliance. That was signed off by Grant Thornton, GFG’s auditors, effectively on a business model that included borrowing hundreds of millions of pounds based on the security of a very insecure, possibly non-existent order book. Will my hon....

UK Rare Diseases Framework (24 Mar 2021)

Kevin Hollinrake: It is a pleasure to speak with you in the Chair, Mrs Miller. I wish to speak about neurofibromatosis, which for obvious reasons is more commonly known as NF1. As far as rare diseases go, it is pretty common. It affects one in 2,700 people born today, and it is more common than cystic fibrosis, Duchenne muscular atrophy and Huntingdon’s disease put together. I particularly want to echo the...

Fire Safety Bill: After Clause 2 - Prohibition on passing remediation costs on to leaseholders and tenants (22 Mar 2021)

Kevin Hollinrake: I draw the House’s attention to my entry in the Register of Members’ Financial Interests. The first thing to say is that I agree with many of the comments that have been made. It simply cannot be right that leaseholders are faced with bills of tens of thousands of pounds. Nevertheless, I cannot support the amendment because I do not think it is effective, for a number of reasons. First,...

Fire Safety Bill: After Clause 2 - Prohibition on passing remediation costs on to leaseholders and tenants (22 Mar 2021)

Kevin Hollinrake: I do not think I should, because of the timescales, but as my hon. Friend is an author of the amendment, I will.


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