Speeches by Rigby.

“On the mutuals and co-ops piece of work more broadly, we have a clear manifesto commitment to double the size of the sector. That work is not only in the Treasury, but in DBT and other areas of Government, including MHCLG. The reason for the delay on the instruments—they will be coming forward shortly—is that, at least…”

“I think we will have to take away the question you raise about the self-employed.”

“It is certainly right that the new product will be geared towards first-time buyers, but, Alanna, I don’t know if there is anything— Alanna Barber indicated dissent.”

“From my point of view, it is not indicative of anything other than that it sits within the Chief Secretary to the Treasury's portfolio rather than my own. As I said, I am more than happy to write to Mr Dean, to cover off Dame Meg’s question as well.”

“There are many other ways in which people can save.”

“Again, you will have to forgive me because that is not directly within my portfolio, but subject to Alanna saying something, we will add that to the letter we will write to the Committee.”

“No, I do not think so, because LISAs in their current form will continue. What we are saying is that you will not be able to transfer between an existing ISA and a new product, for the very understandable reason that you would get the double bonus, but we are being clear about what the new product will be for.”

“I hesitate, because I was not in post, Dame Harriett—[Interruption.] Alanna says that my officials did not have sight either.”

“What we are looking to do—I said that we acknowledge the way that the current product works—is to remove the need for the withdrawal charge, meaning that you can withdraw funds without penalty. You referred to the £75 million that HMRC has collected. That is absolutely right, but at the root of the problem—indeed, this…”

“The Treasury does not have a specific target—although my officials will correct me if I am wrong. If there are targets, you would not necessarily expect the Treasury to have them—I think they would be in the domain of MHCLG. However, as I have said, we are working very closely to make sure that we have both supply and …”

“It is definitely right to suggest that we are aware of what is happening to house prices and of the utility of the current cap, but as I say, we will come forward with the consultation, and all the parameters of the new product will be within the scope of that consultation.”

“I agree. You are absolutely right that it is not on my desk. The bits that sit on my desk relate to financial services—so everything around mortgages and, as I mentioned, the piece around helping consumers save for a deposit. But yes, clearly investment in all forms of infrastructure is something that sits in the Treas…”

“The comments of the shadow Exchequer Secretary, the hon. Member for North West Norfolk, refer to the deliberately tough nature of the enforcement regime; there is a real emphasis on deterrence, and there are penalties that apply. It includes the forfeiture powers, which are targeted at serious non-compliance. Where ret…”

“Anyone selling illicit vapes puts the public at risk and undermines legitimate businesses. One million illegal vapes were seized by trading standards in the last full year for which statistics are available, so we know that this is a significant enforcement challenge. Clause 121 introduces enforcement powers to protect…”

“The shadow Exchequer Secretary raised a point about the strong penalties associated with the regime. I have already set out the Government’s aim: that the enforcement mechanisms in the Bill are deliberately tough and are aimed at being a strong deterrent. We believe that the strong penalties, including custodial senten…”

“I am grateful to the shadow Exchequer Secretary, the hon. Member for North West Norfolk, and the Liberal Democrat spokesperson, the hon. Member for Maidenhead, for their comments. I think we are all aiming for the same thing: a robust and tight enforcement of all the measures. On the shadow Exchequer Secretary’s point …”

“I appreciate your accommodation of the cold in the room, Sir Roger. I hope this afternoon proves that we can be both sartorially elegant and warm. Committee members may take their own view, but I look forward to this afternoon. Clauses 148 and 149 and schedules 16 and 17 provide the administrative and enforcement frame…”

“Beautiful Norfolk—I know it very well. He compared Norfolk with more metropolitan areas. Local enforcement authorities, particularly trading standards, play a central role in tackling illicit vapes on the high street, and as has been mentioned, over 1 million illegal vapes have been seized in a single year under existi…”

“The shadow Exchequer Secretary asked about HMRC making compliance-checking methods available. There will be an app for access based on scans of products. It will be available before 1 October, and no scanning will be required before that date. He, fairly, asked a question about the flow of information. That is covered …”

“Clauses 150 to 155 and schedule 18 make the general, supplementary and commencement provisions for CBAM. They are designed to ensure that CBAM integrates properly with the wider statute book, operates coherently over time and comes into force as intended from 1 January 2027. More specifically, clause 150 introduces sch…”