London Stock Exchange: Decline in UK Funds Debate
Full Debate: Read Full DebateDepartment: HM Treasury
Lord Kamall
Main Page: Lord Kamall (Conservative - Life peer)Department Debates - View all Lord Kamall's debates with the HM Treasury
(6 days, 19 hours ago)
Lords ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Lord Livermore (Lab)
The noble Lord says that the corporation tax is uncompetitive, but it is where his Government put it. We have said that we will cap it at that level for the remainder of this Parliament; it is one of the most competitive in the G7. We have also said that if it looks uncompetitive at any point, we will act.
Lord Kamall (Con)
My Lords, can the noble Lord enlighten the House on the conversations his department has had with UK pension funds on the barriers to them investing in the UK? What sort of concerns do they express, and what are the Government doing to overcome them?
Lord Livermore (Lab)
As I have already set out, that is exactly what the pension review is looking at: identifying those barriers and why UK pension funds invest less in the UK than their overseas counterparts. The consultation is currently live and we will feed back on it in due course.