"My Lords, it is a pleasure to follow the noble Lord, Lord Marlesford, and to hear his imaginative proposal. I wish him luck in his discussions with the Chancellor.
We are entering unchartered waters as we, sadly, start the process of leaving the EU, but it is an opportunity first …..." Lord McKenzie of Luton - View Speech
"My Lords, I share the frustration of the noble Baroness, Lady Altmann, that procedures on money Bills allow us only a Second Reading on the Bill. Although I see the noble Lord, Lord Young, blanching a bit at the prospect of a Committee stage on this Bill, we are not …..." Lord McKenzie of Luton - View Speech
"Perhaps the Minister will write in due course. There seems to be a disparity between the requirements for universal credit and for working tax credit. In universal credit you must have 16 hours at the national wage. For working tax credit, unless you fall within the disability or childcare categories, …..." Lord McKenzie of Luton - View Speech
"My Lords, the Queen’s Speech asserts the Government’s objective of increasing the life chances of the most disadvantaged. That is a worthy ambition but lacking in credibility when it is considered that much of the last six years has seen the poorest in our society bear the brunt of benefit …..." Lord McKenzie of Luton - View Speech
"My Lords, it is a pleasure to follow the noble Lord, Lord Holmes. It was the FT which described this Budget as making the best of a bad job. We should endorse at least half that assessment. That the Chancellor’s rhetoric was running ahead of reality was most starkly demonstrated …..." Lord McKenzie of Luton - View Speech
"My Lords, it is a pleasure to follow the noble Lord, Lord Forsyth. It is certainly safer than preceding him in a debate. I start by congratulating the noble Lord, Lord Hay of Ballyore, on his impressive maiden speech. The noble Lord clearly brings vast experience, which will serve us …..." Lord McKenzie of Luton - View Speech
"I am sorry, but my question was about not whether they are creditable within the UK system but whether they would be creditable to a foreign investor...." Lord McKenzie of Luton - View Speech
"I shall not make this a dialogue, but is the consequence that on day one the deduction from the block grant would effectively be at the current mainstream corporation tax rate and the benefit at the Northern Ireland corporation tax rate? Clearly there is a differential between the two, which …..." Lord McKenzie of Luton - View Speech
"My Lords, can the Minister help me on two points which arise from the Pension Wise document we got just this morning? Page 7, which recites progress to date, says that,
“until the service reaches maturity, overall responsibility for service design and implementation will remain within the Treasury”.
"I will speak in favour of my noble friend’s amendment and address two points. The first is the point my noble friend raised about tax leakage and the risks of salary sacrifice arrangements. I draw the Minister’s attention to Clause 54, which looks at the issue of independent advice and …..." Lord McKenzie of Luton - View Speech