Speeches by Reynolds.

“I hope the clause will not be controversial, although we are always surprised by Opposition Members. The clause will make changes to ensure that various errors and omissions in three pieces of legislation are corrected. I will go through them in turn. First, subsection (1) will amend paragraph (d) of section 151I(1)—th…”

“I thank the hon. Lady for her intervention, but I am not entirely sure that I follow the logic. The purpose of CBAM, as I have said, is to ensure that if a product is produced using carbon in another country, we do not have leakage across the border. The overall impact will vary depending on the sector’s exposure to CB…”

“The clause will enable the commissioners for HMRC to prepare for the introduction of the UK carbon border adjustment mechanism and allow information to be disclosed for the purposes of developing the CBAM. The Government are committed to reaching net zero by 2050. As we make progress to decarbonise, we must ensure that…”

“I thank the shadow Minister for his comments. If he will bear with me, I will speak generally about clause 82 before I address his amendment. Clause 82 will make changes to ensure that HMRC can secure the resource it needs to implement the vaping products duty. The duty will be legislated for in this Bill and will come…”

“In my view, a cryptocurrency is a type of cryptoasset, but I will check that. Question put and agreed to. Clause 81 accordingly ordered to stand part of the Bill. Clause 82 Duty on vaping products”

“The clause makes changes to ensure that the Treasury has the power to make regulations to implement the cryptoasset reporting framework, which is also known as the CARF. The CARF was developed at the OECD, and the previous Government supported its development and committed to the UK’s implementing it, so I hope the Con…”

“I thank the Opposition for their support. Question put and agreed to. Clause 79 accordingly ordered to stand part of the Bill. Clause 80 ordered to stand part of the Bill. Clause 81 OECD crypto-asset reporting framework Question proposed, That the clause stand part of the Bill.”

“Clause 79 closes a known route for tax avoidance by making changes to the taxation of chargeable gains when a limited liability partnership is in liquidation, and clause 80 closes a loophole through which some taxpayers have attempted to avoid the company tax charge known as section 455. On clause 79, the Government ha…”

“I thank the shadow Minister for his questions. I think from his comments that he knows this, but the clause is a paving measure for legislation that will be introduced. There will be further detail in draft legislation that will come in a future Finance Bill, so I cannot give him that detail today, but I take into acco…”

“I thank the shadow Minister for reiterating that there was indeed cross-party support in 2018 when the previous Government introduced the soft drinks industry levy. I say gently to him that if the previous Government had kept the levy in line with CPI, we would not be in this situation. The shadow Minister asked what c…”

“Clause 78 legislates for the new rates of the soft drinks industry levy, to apply from 1 April 2025. The levy came into effect in April 2018—it was introduced by the previous Government, with cross-party support—and is considered a successful mechanism for changing behaviour and encouraging reformulation of packaged so…”

“That is why we are absolutely committed to the access to cash regime, which is a very ambitious regime. The objective is to open 350 banking hubs by the end of this Parliament, and LINK is doing some really good work. There are 181 banking hubs either being opened or in progress, and 123 cash deposit machines. I will c…”

“We need to keep all of these things under review, but we have to make policy in the round. As those of you who have been in Government previously will know, Government is about trade-offs. That is where we are.”

“To reiterate what Anna has already said, we understand that there are people in society who are on low incomes, and some that are not, frankly, on the lowest, who prefer to use cash for budgeting. That is why we are committed to the access to cash regime that we set out.”

“I have some very poor communities.”

“The energy bills issue is very pertinent to this discussion.”

“It is for businesses to decide where they open, where they close and where they remain open. It is so difficult to comment on that. Essentially, what we are saying as Government is that we want to work in partnership with business to bring down the barriers to their investment and growth in the future. That is a key pa…”

“There are many small businesses. If you talk to LINK—it had a reception in Parliament last week, which I spoke at—there is demand from local communities and local high streets for these banking hubs. That demand is not just coming from consumers; it is coming from small business. We know that small businesses want plac…”

“We are taking Government action.”

“It would be good to hear those. There are a couple of things going on here. How much of an issue is it for the kinds of activities that you were talking about? It is obviously much cheaper to do a weekly shop in the round than it is to go and pick up a thing here or there. There is still a high degree of acceptance of …”