Speeches by Baldwin.

“Further to your questions, Chair, on these principles to do with retrospectivity, 2007 has been mentioned. I want to understand the board’s thinking, Mr Alder, on why you are going so far back. We do not have to keep our tax returns more than five years. There is usually a limit for civil claims. Now we are going back …”

“I guess that the principle then, you are saying, is narrowly confined to this particular issue, rather than across the financial services sector as a whole. You are perfectly within your rights, late in the day, when you were not even aware that there was a harm at the time, to go back as far as 2007 to complain about …”

“I have one final macro question, if I may, to Mr Rathi. In her Mansion House speech, the Chancellor used some fairly strong language about rules and red tape in financial services being a boot on the neck of business. You have previously told Parliament that you are looking to it to set you a clear steer in terms of wh…”

“I congratulate the hon. Member for Widnes and Halewood (Derek Twigg) on securing this important urgent question. I welcome the Minister to his new role, although I will never be able to rival his literary quotations. This attack on Jaguar Land Rover is extremely concerning. The impact on that world-leading business, an…”

“indicated dissent.”

“I imagine that the timing of the defence industrial strategy is linked to the Defence Security and Equipment International conference that is happening in London this week, so could the Minister have a word with the Mayor of London, emphasising the importance of that event for the defence industrial strategy? The brill…”

“Thank you. I have a quick question for Ms Lombardelli about the Bernanke review. You helpfully provided us with a very long written summary of where things have got to in implementing the Bernanke review. I am interested in the modelling side of things. You have added 30 staff to help with the changes to the models. Ho…”

“He wanted you to abolish the fan charts. The fan charts live on, so do the fan charts stay until you finish this modelling work?”

“Do you see any evidence that the public are losing trust in your ability to control inflation?”

“I guess from the Monetary Policy Committee’s point of view it would be the higher inflation. If you had seen the ability for businesses to pass on price rises to consumers exceeding your expectations, that would be a worry. Are you are seeing any of that? How does it feed into the overall inflation expectations in the …”

“Turning to last year’s Budget, which again surprised the economy in terms of its scale, you came to see us last November and you said that you had a neutral forecast in terms of how the economy might react to it. You wanted to see the evidence; you said it could feed through in higher inflation, fewer jobs, slower wage…”

“But gas prices are back to where they were before the invasion.”

“You have now been Governor for more than five years. It has been a torrid time, as we heard from Ms McEvoy, but overall, our constituents are spending on average 28% more for the same basket of goods than they were five years ago. The target cumulatively over five years would be just more than 10%. Looking back on that…”

“It is a pleasure to serve under your chairmanship, Mr Twigg, and to discuss these three measures, which implement reforms from the Economic Crime and Corporate Transparency Act 2023. It was interesting to hear from the Minister the latest statistics on the impact that the Act has already had at Companies House. These m…”

“In her statement, the Home Secretary mentioned that the National Crime Agency had disrupted 347 immigration crime networks. Can she tell us how many gangs were smashed during the same period?”

“As the Foreign Secretary follows the diplomatic path, will he ensure that in the discussions of the two-state solution, it is borne in mind that not only does the state of Palestine exist, but that Israel’s neighbours do need to recognise Israel’s right to exist?”

“Well, except for the fact that the whole House will have heard that the Government are not prepared to rule out saddling cycle manufacturers and other businesses with more taxes this autumn. Will the Minister at the very least assure the House that he and his fellow Business Ministers are making representations to the …”

“I declare an interest, as a trustee of the parliamentary contributory pension fund.. Many people in the public sector receive a significant pension contribution, but they are not aware of its value. The Pension Schemes Bill currently going through Parliament presents an opportunity to place on someone’s pay cheque and …”

“Further to the previous question, people the beautiful constituency of West Worcestershire look back in anger at some of the decisions made by Labour during its first year in office—not least the decision in the Budget to bring in a tax on my local children’s hospice, Acorns, which has added £400,000 to its bills. Will…”

“It is not just cycle manufacturers that are having to pedal hard to survive under this Government. With business survey after business survey stating that tax is the biggest worry for business, will the Minister take this opportunity to assure businesses that the Chancellor will not be coming back to burden them with m…”