Class 4 National Insurance Contributions
Debate between Lord Hammond of Runnymede and Desmond Swayne(7 years, 4 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hammond
As I have said, we will include looking at auto-enrolment in the broader review that we are going to undertake of the differences in treatment between employees and the self-employed, which is clearly a significant area.
Sir Desmond Swayne (New Forest West) (Con)
On a point of order, Mr Speaker. May I make a germane point of order?
Oral Answers to Questions
Debate between Lord Hammond of Runnymede and Desmond Swayne(7 years, 8 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hammond
The right hon. Gentleman has put his finger on an important issue. As he will know, the European Central Bank has already had one go at trying to prevent euro-denominated clearing from taking place in the UK, and it is no doubt a very iconic issue for many of our European partners. It is an important part of the overall financial structure in London and it is not easily separated from the other activities that operate in London, but in terms of the jobs and value attached to it, it is a relatively small part of the total.
Sir Desmond Swayne (New Forest West) (Con)
Mr Hammond
Following the announcement at Budget 2016, UK Asset Resolution Limited has launched a programme of sales of the Bradford & Bingley mortgage assets that it holds. That will be designed to raise sufficient proceeds to repay the £15.65 billion debt to the Financial Services Compensation Scheme and, in turn, the corresponding loan from the Treasury. It is expected, subject to market conditions and ensuring value for money, that this programme of sales will have been concluded in full by the end of 2017-18.