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Speech in Commons Chamber - Mon 21 Jun 2021
UK’s Financial Services Industry

"It is a pleasure to speak with you in the Chair, Madam Deputy Speaker, as always.

I am delighted to speak about the UK’s greatest success story and one of our most vibrant and innovative sectors, financial services. I am proud to champion it in Parliament through my role as …..."
Bim Afolami - View Speech

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Speech in Commons Chamber - Mon 21 Jun 2021
UK’s Financial Services Industry

"I thank the hon. Gentleman for his intervention. Indeed, he is right, and I will comment later on ways in which we can use our new freedoms to improve the output of the financial services sector.

Some say that we should not speak too much about financial services, lest it …..."
Bim Afolami - View Speech

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Speech in Commons Chamber - Wed 16 Jun 2021
Economy Update

"As the Chief Secretary has mentioned, unemployment is down. It is 2 million people fewer than originally forecast in April last year, and the unemployment rate at the moment is about 4.7%. Does this not show that our plan for jobs is working, and will the Chief Secretary set out …..."
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Speech in Commons Chamber - Tue 13 Apr 2021
Finance (No. 2) Bill

"I welcome the Bill. It is worth trying to get under the skin of Budgets, because it is so difficult. There are so many documents, there is a huge build-up, and large parts of it are incomprehensible to anybody other than the Financial Secretary. As Members of Parliament, we have …..."
Bim Afolami - View Speech

View all Bim Afolami (Con - Hitchin and Harpenden) contributions to the debate on: Finance (No. 2) Bill
Speech in Commons Chamber - Tue 13 Apr 2021
Finance (No. 2) Bill

"I welcome that intervention. Opposition Members have also been saying, “This is only going to benefit the big companies, and the poor small companies won’t benefit.” First, it does benefit all companies if they qualify. The smaller companies already have the annual investment allowance, which is continuing and has been …..."
Bim Afolami - View Speech

View all Bim Afolami (Con - Hitchin and Harpenden) contributions to the debate on: Finance (No. 2) Bill
Speech in Commons Chamber - Tue 13 Apr 2021
Finance (No. 2) Bill

"Indeed. I am having too much fun on the super deduction—I will talk about the Help to Grow scheme in a moment—so I shall finish on it. The super deduction is not something that the Chancellor just thought up as something that it might be a good idea to try; …..."
Bim Afolami - View Speech

View all Bim Afolami (Con - Hitchin and Harpenden) contributions to the debate on: Finance (No. 2) Bill
Speech in Commons Chamber - Wed 13 Jan 2021
Financial Services Bill

"I rise to support the Bill and to focus my brief remarks on the wholesale market, rather than the retail market, which most Members have addressed so far. In particular, Government amendments 22 and 23, which the Minister mentioned in his opening speech, clarify beyond any doubt that non-UK firms—all …..."
Bim Afolami - View Speech

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Speech in Commons Chamber - Wed 25 Nov 2020
Spending Review 2020 and OBR Forecast

"Earlier this week, I spoke to many people and companies— training providers and others—in my constituency about apprenticeships, and how we need to improve the system and make it more flexible. Will the Chancellor set out in further detail what the measures in this spending review will do to help …..."
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Written Question
Food: Coronavirus
Monday 9th November 2020

Asked by: Bim Afolami (Conservative - Hitchin and Harpenden)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what Barnett consequentials have arisen as a result of the £63 million that the Government allocated in June 2020 to be distributed by local authorities in England to help people struggling to afford food and other essentials as a result of the covid-19 outbreak.

Answered by Steve Barclay

To?give?the?devolved administrations?the?upfront?certainty to plan and deliver their coronavirus response, the UK Government have guaranteed they will receive at least £14bn in additional funding this year on top of their Spring Budget?funding.

The Barnett consequentials associated with the funding the UK Government allocated to English local authorities in June 2020 will contribute towards this guarantee.

Speech in Commons Chamber - Mon 09 Nov 2020
Financial Services Bill

"I congratulate the Minister on the work I know he has done over many years on this subject. I understand that the Bill amends the Financial Guidance and Claims Act 2018 to ensure that the statutory debt repayment plan can include debts owed to the Government or Government Departments. Will …..."
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