Speeches by Yang.

“How do you expect to pick up those outcomes when it comes to financially excluded groups?”

“Mr Rathi, in our session with banks a few weeks ago, we talked about the risk of AI amplifying bias. One of the panellists said that they would expect to share any major use of AI with the regulator. Other panellists mentioned that there is already a schema for regulatory access and said their bank was involved in a si…”

“Do those measures include ones relating to financial exclusion, discrimination and so on?”

“I will continue with Dr Jeevun Sandher’s theme. When we had the banks in a few weeks ago, we had a general discussion in which they seemed to feel that, broadly, mortgage lending is a low-risk endeavour for them. They were quite optimistic about the potential of expanding the affordability tests to include more first-t…”

“You say you track the outcomes on several measures, and it would be interesting for the Committee to know what kind of measures you are using, if you could provide us with a list.”

“I stand with my hon. Friend the Member for Sheffield Central (Abtisam Mohamed). She and I were denied entry to Israel only two months ago, and one of the reasons given was our advocacy for the sanctions that the Government have introduced today. I stand by my comments and by the Government’s decisive action today. As t…”

“I have one final question in this area about the impact. There has been a lot of media speculation—I am sure you have all seen it—on the impact of the non-dom reforms. As far as I can tell, it has been quite difficult to see any data on the outflows of people emigrating or moving their assets. The most commonly cited r…”

“I will turn to our previous theme of compliance and the tax gap, but I want to bring in something that we have known about for a number of weeks, which is the National Audit Office’s report from May entitled “Collecting the right tax from wealthy individuals”. First, I wanted to pin down some questions about the data—p…”

“There has been a lot of writing about how wealth inequality increased over the pandemic period. Asset price inflation also increased. Those are gross figures, as far as you know. Is it possible to have the—”

“As far as I gather, HMRC does not gather data on wealth systematically. I would be interested to know how that information is arrived at by HMRC. Perhaps that is for the follow-up as well.”

“One of the recommendations from the National Audit Office report was that there should be an impact assessment of merging the affluent individuals and high-net-worth individuals units into one big unit called the wealthy unit. The kinds of tax non-compliance that might occur by, let’s say, a very well-paid senior civil…”

“I noted that you have had Bank staff estimating a new model for employment growth, as you detail in the report, which shows that it is flat or possibly decreasing compared to the ONS. The Bank and perhaps other agencies are now having to substitute your own staff resource for the lack of clear signals from the ONS.”

“Finally, the Cabinet Office is now conducting an inquiry into the ONS. I was wondering whether the Bank is involved in that.”

“We were told by the outgoing national statistician that the improvements to the labour force survey should have fed through by May of this year. Do you feel they have fed through?”

“Governor, I am going to return to our favourite multi-part drama, the labour force survey.”

“It is possible for an American private equity company to walk away from Thames Water, but my constituents cannot. When water company bosses fail, it is our residents who pay: in sewage discharged into rivers and in their crumbling pipes and drainage. I am therefore glad that the Government have taken bonuses off of fai…”

“14. What steps her Department is taking to improve neighbourhood policing.”

“Across neighbourhoods in my Earley and Woodley constituency I have seen too many incidents of electric bikes and electric scooters being ridden dangerously, including on pavements. Residents have told me of collisions in areas such as Woodley Precinct and Kennet Island. I have been raising the issue with Thames Valley …”

“The hon. Member for South West Hertfordshire (Mr Mohindra) mentioned my work before I came to this place. In my work at the Financial Times, I spoke to business leaders every day. Since my election to this place, I have had the honour of speaking to many businesses in my constituency. In the last month, that has ranged…”

“The first businesses I mentioned in my speech were the small shopkeepers in Whitley—the retail businesses that want to keep their food prices low, that are dependent on imports, predominately from the EU, and that want to ensure that their customers get a good deal, and I very much support them. Those are the three are…”