Speech in Public Bill Committees - Wed 19 Oct 2022
Financial Services and Markets Bill (First sitting)
"I just wanted to ensure that was on the record. Can we talk a bit about the metrics and transparency you might use to show that you are meeting the secondary objective—that the cost-benefit panel’s analysis will be transparent—and also how you consider you will need to show that you …..."Stephen Hammond - View Speech
View all Stephen Hammond (Con - Wimbledon) contributions to the debate on: Financial Services and Markets Bill (First sitting)
Speech in Public Bill Committees - Wed 19 Oct 2022
Financial Services and Markets Bill (First sitting)
"Q And those would be transparent?
Sheldon Mills: Of course, absolutely. We will be transparent on that...."Stephen Hammond - View Speech
View all Stephen Hammond (Con - Wimbledon) contributions to the debate on: Financial Services and Markets Bill (First sitting)
Speech in Public Bill Committees - Wed 19 Oct 2022
Financial Services and Markets Bill (First sitting)
"Q Good morning, panel; thank you for coming. In their evidence to us a moment ago, the regulator said they would be transparent with regard to their responsibilities for accountability in the metrics and reporting of CBA, but Emma, in your written evidence to us, you suggest:
“The Financial …..."Stephen Hammond - View Speech
View all Stephen Hammond (Con - Wimbledon) contributions to the debate on: Financial Services and Markets Bill (First sitting)
Speech in Public Bill Committees - Wed 19 Oct 2022
Financial Services and Markets Bill (First sitting)
"Q So, like you have just said with regard to the first question, we should look at ways of making sure that that is firmly set down, rather than just a principle.
Emma Reynolds: Indeed...."Stephen Hammond - View Speech
View all Stephen Hammond (Con - Wimbledon) contributions to the debate on: Financial Services and Markets Bill (First sitting)
Speech in Public Bill Committees - Wed 19 Oct 2022
Financial Services and Markets Bill (First sitting)
"Q May I refer to my themes of transparency, accountability and proportionality? Charlotte, in your written evidence you say that the Bill should be amended to achieve the correct balance between customer protection and proportional regulation, and that the opportunity for improved accountability is falling short. I rather detect …..."Stephen Hammond - View Speech
View all Stephen Hammond (Con - Wimbledon) contributions to the debate on: Financial Services and Markets Bill (First sitting)
Speech in Public Bill Committees - Wed 19 Oct 2022
Financial Services and Markets Bill (First sitting)
"Q So you are suggesting that we should make some other amendments to the Bill to make sure that those things are there. Sally-Ann asked another witness earlier about the need for culture change.
Charlotte Clark: A good example is the cost-benefit analysis panel. At the moment, the …..."Stephen Hammond - View Speech
View all Stephen Hammond (Con - Wimbledon) contributions to the debate on: Financial Services and Markets Bill (First sitting)
Speech in Public Bill Committees - Wed 19 Oct 2022
Financial Services and Markets Bill (First sitting)
"Q The Bill intends to do that; it is not intending to rip up regulation. It intends to make us more competitive, while ensuring the primary objective.
Karen Northey: Absolutely, and I think the process that comes has to be done in a way that is sequenced in …..."Stephen Hammond - View Speech
View all Stephen Hammond (Con - Wimbledon) contributions to the debate on: Financial Services and Markets Bill (First sitting)
Written Question
Thursday 15th September 2022
Asked by:
Stephen Hammond (Conservative - Wimbledon)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made for the implication of his policies of the Institution of Civil Engineer's recommendation that the National Infrastructure Strategy should be on a statutory footing to provide more clarity and guidance on where the UK Infrastructure Bank should focus.
Answered by Andrew Griffith
- Shadow Secretary of State for Business and Trade
As the Prime Minister set out earlier this month, the government is committed to delivery of infrastructure commitments – including those set out in the National Infrastructure Strategy (NIS) – to improve the UK’s energy security, transport networks and digital connectivity. There are no plans to legislate for the NIS.
The UK Infrastructure Bank (UKIB) was established in June 2021. Since then, it has entered into 10 deals worth a total of £1 billion, investing to drive economic growth and to strengthen the UK’s energy supply. The former Chancellor wrote to the UKIB on 18th March 2022 to set out his strategic priorities for the Bank. This letter has been published and is available on gov.uk.
Speech in Commons Chamber - Wed 07 Sep 2022
Financial Services and Markets Bill
"I was not expecting to be called quite so early in the debate, given the panoply of talent on these Benches and the Benches opposite. In the interest of brevity, I will briefly concentrate on three aspects of the Bill. First, I want to guide the House to my entry …..."Stephen Hammond - View Speech
View all Stephen Hammond (Con - Wimbledon) contributions to the debate on: Financial Services and Markets Bill
Written Question
Monday 4th July 2022
Asked by:
Stephen Hammond (Conservative - Wimbledon)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, when he plans to announce the Benefit-in-Kind tax rates that will be applicable for 2025-26 for electric vehicles.
Answered by Helen Whately
- Shadow Secretary of State for Work and Pensions
Like all taxes, benefit-in-kind tax rates for company cars, also known as Company Car Tax (CCT), are kept under review. The Government aims to announce CCT rates at least two years ahead of implementation to provide certainty for employers, employees and fleet operators.