Speech in Commons Chamber - Mon 17 Oct 2022
Economic Update
"I congratulate the Chancellor on his appointment and I hope that he lasts longer than his predecessors. Five million people will see their mortgages go up, and the mini-Budget fiasco means, on average, £500 more on payments and, in London, nearly £900. Can the Chancellor assure us that he will …..."Rushanara Ali - View Speech
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Speech in Commons Chamber - Wed 12 Oct 2022
Economic Situation
"The mini-Budget fiasco has caused a material risk to the UK’s financial stability, and the Bank of England has said that $1 trillion could have been erased from UK pension fund investments if it had not stepped in after the mini-Budget turmoil. So the Minister needs to heed the advice …..."Rushanara Ali - View Speech
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Speech in Commons Chamber - Tue 11 Oct 2022
Oral Answers to Questions
"The Chancellor was warned that unfunded tax cuts would force the Bank of England to increase rates and that is exactly what has happened. The Bank of England has said today that, in effect, the mini-Budget has caused a material risk to Britain’s financial stability. Can the Chancellor explain how …..."Rushanara Ali - View Speech
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Written Question
Tuesday 11th October 2022
Asked by:
Rushanara Ali (Labour - Bethnal Green and Stepney)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps he is taking with Cabinet colleagues to support homeowners with rising mortgage rates.
Answered by Felicity Buchan
Around 75% of mortgage holders are on a fixed-rate mortgage, and will therefore be shielded from rate rises in the short term.
We are also taking steps to help everyone with cost-of-living pressures through the Energy Price Guarantee and the Energy Bills Support Scheme, in addition to £37 billion of targeted cost-of-living support this financial year.
Speech in Commons Chamber - Fri 23 Sep 2022
The Growth Plan
"We know that inflation is way off target, and today’s announcement of £45 billion of tax cuts will make that worse. It will force the Bank of England to continue consistently to raise mortgage rates, which will hammer homeowners and mortgage holders. The Chancellor has not published the OBR analysis. …..."Rushanara Ali - View Speech
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Speech in Commons Chamber - Tue 28 Jun 2022
Delivery of Public Services
"Does my right hon. Friend agree that, when the last Labour Government left office in 2010, satisfaction in the national health service was among the highest in the world and that through reform programmes, disruption and cuts in funding the Government have created problems in the NHS? They need to …..."Rushanara Ali - View Speech
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Speech in Commons Chamber - Tue 28 Jun 2022
Delivery of Public Services
"The Chief Secretary mentions ways of putting money into people’s pockets. Will he explain how he will recover the £26.8 billion that the Treasury has lost to fraudsters and error, and the £11 billion lost by failing to insure against interest rate rises? If the Government could recover that money, …..."Rushanara Ali - View Speech
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Speech in Commons Chamber - Tue 28 Jun 2022
Delivery of Public Services
"Will the Minister give way again?..."Rushanara Ali - View Speech
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Speech in Commons Chamber - Tue 28 Jun 2022
Delivery of Public Services
"It is rather rich for the Minister to lecture the Opposition about funding when he has not even been able to tell us how much will be lost in fraud on his watch. His own counter-fraud Minister, after he resigned, said that it had been
“happy days if you were …..."Rushanara Ali - View Speech
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Written Question
Tuesday 26th April 2022
Asked by:
Rushanara Ali (Labour - Bethnal Green and Stepney)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make it his policy to grant a general licence for humanitarian activities in Ukraine in order that charities are able to spend the money donated to them by the British public.
Answered by John Glen
The Office of Financial Sanctions Implementation (OFSI), in HM Treasury, does not accept applications for general licences, however OFSI prioritises specific licence applications made for humanitarian purposes to help ensure that funds can get to where they are needed most as quickly as possible. This includes applications to permit humanitarian activities in Ukraine, where there is specific provision in the regulations for OFSI to grant such licences.
OFSI is proactively engaging with humanitarian organisations to understand their needs in delivering activities in Ukraine and will continue to closely monitor the situation.