Speeches by Yang.

“Mr Russell, can I clarify whether it is the legal owner or the beneficial owner who is being taxed?”

“So there is no distinction between sharing something with academic and commercial researchers.”

“Yes, I am familiar with that.”

“I have heard from some academic economists working on tax research that, in general, the kind of data that you share with Ipsos to do that survey is not shared with researchers. I was wondering whether there is a general rule about what you share with commercial researchers and what you share with academic researchers.”

“I have one last thing on that process. You described the process of valuation for the £1.5 million to £5 million range. Is that essentially the same process that you would use to value properties outside of that range as well? It is not different in kind.”

“I was glad to get involved in the Government’s recent consultation on property service fees. More than 700 of my constituents living in new builds in and around Reading have written to me about high fees and unfair behaviour from property management agents. One constituent, called Sunil, said to me: “We are throwing ou…”

“7. What steps he plans to take to reform the property management system.”

“Has that impetus to move faster not been met so far?”

“Mr Rathi, at the end of your letter to the Prime Minister and Chancellor on your update regarding your approach to growth, you mention a couple of things that may be helpful for the Government to provide. You write that faster legislation would help us maintain the pace for reform; for example, the much-needed modernis…”

“I appreciate that it is difficult to give estimates of the future, and the MPC cannot do that either. The thing I wanted to get at is whether, in your own minds, there is a trade-off between tolerable harm and the amount of people who might be helped. Would that trade-off help guide the way that you see regulation in t…”

“Mr Rathi, you mentioned that you were considering updating the FCA’s guidance to public bodies in light of the events of the last few weeks. Are there particular sections of that guidance that you think need reinforcement? Secondly, in your letter to the Committee, you mentioned providing training. Is this training man…”

“Just on that point, Mr Rathi, I wanted to pick up on the mortgage announcements that you made yesterday in terms of making mortgages more accessible to first-time buyers. You were very clear when you spoke to us in September about the trade-off between relaxing affordability, which might improve circumstances for young…”

“Mr Alder, when we spoke to you in March we asked about the aggregate impact of all these different measures. There are 50 pro-growth measures that the FCA set out, and you have been very busy coming forth on all those different areas. In aggregate, we wanted to get a sense of how much growth impact there could be. In M…”

“So, you are often waiting for the Treasury to act on these issues?”

“It is increasing its active sales.”

“It is reducing the overall pace.”

“Yesterday we spoke to the Monetary Policy Committee of the Bank of England. As you may have seen, there was disagreement on the committee—and there has been since its last meeting—on the impact of the quantitative tightening of the active sales of gilts on the interest rates that the Government face for borrowing. The …”

“Chancellor, from the MPC’s perspective, as it has stated very clearly, value for money for the taxpayer is not in its remit in monetary policy. Of course, as the Chancellor, value for money is certainly something that concerns the Treasury, as well as all of us constituency MPs. Do you have conversations with the gover…”

“I presume the Treasury collects its own scorings of those measures that do not meet the OBR’s new thresholds?”

“I want to move on to special educational needs and disabilities funding. At the Budget, you announced that this would no longer be borne by local authorities, but from central departmental spending. The OBR says that that will cost around £5.6 billion. Do you and the Treasury accept that number? Will this be put on one…”