Amazon

Lord Haskel Excerpts

Monday 12th October 2020 Lords Chamber

[Baroness Barran (Con)]

The Government expect the digital services tax to raise about £2 billion over the next five years, which will go some way to addressing the issues that my noble friend raises, but I am delighted to commit to meeting him and other interested parties.

[Lord Haskel (Lab) [V]]

My Lords, in spite of what the Minister said, many are concerned about the abuse of market power by Amazon. If the Prime Minister wants to “build back better”, we need a commission that recognises and promotes good company behaviour and standards, in the same way that the Low Pay Commission does for pay. A good place to start would be the increasingly popular environmental, social and governance investing and reporting framework. Will the Government set up such an organisation?

[Baroness Barran (Con)]

The noble Lord raises an important point, but I remind him that the Government have established a number of groups and reviews, starting with the Furman review, which reported in March 2019, and most recently the digital markets task force. One of the recommendations we have accepted is the development of a code of conduct, just as the noble Lord suggests.