Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Rachel Blake Excerpts
Tuesday 4th March 2025

(1 month ago)

Commons Chamber
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James Murray Portrait James Murray
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As part of the reforms announced at the autumn Budget, we are modernising the system for people from overseas spending time in the UK with a new residence-based test. We are always looking at ways to encourage people from overseas to spend time in and invest in the UK and to help grow our economy.

Rachel Blake Portrait Rachel Blake (Cities of London and Westminster) (Lab/Co-op)
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I congratulate the Government on announcing the greatest level of financial sanctions last week. Does the Chancellor agree that keeping dirty money out of the City of London and homes and communities across our country is vital for our national security, as well as our economic stability?

Rachel Reeves Portrait Rachel Reeves
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It is absolutely right that we increased and stepped up the sanctions last week. Also, under the loan agreement we made with Ukraine last week, the loan will be repaid with the profits on foreign sovereign Russian assets. Russia should pay for the damage it has done.