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Speech in Commons Chamber - Wed 29 Oct 2014
Taxation of Pensions Bill

"Is my hon. Friend aware of a study carried out by Ipsos MORI which showed that 12% of those who were eligible to do so would withdraw their pension pot entirely next year? When asked what they would do with it, one in five suggested that they would use at …..."
Andrew Love - View Speech

View all Andrew Love (LAB - Edmonton) contributions to the debate on: Taxation of Pensions Bill
Speech in Commons Chamber - Wed 29 Oct 2014
Taxation of Pensions Bill

"Does my hon. Friend acknowledge that we already have experience in this regard, especially with pensions? The personal pensions fiasco took place not long ago, and it is incumbent on Members of Parliament to ensure that we do not go down that road again...."
Andrew Love - View Speech

View all Andrew Love (LAB - Edmonton) contributions to the debate on: Taxation of Pensions Bill
Speech in Commons Chamber - Wed 29 Oct 2014
Taxation of Pensions Bill

" When it was suggested to the Pension Schemes Bill Committee that there would be ways in which people, especially those over the age of 55, could use the new flexibilities to avoid taxation, the Minister did not seem to be at all concerned. Is the shadow Minister concerned, and …..."
Andrew Love - View Speech

View all Andrew Love (LAB - Edmonton) contributions to the debate on: Taxation of Pensions Bill
Speech in Commons Chamber - Wed 29 Oct 2014
Taxation of Pensions Bill

"There is a lot of debate in the Committee and on the Floor of the House today about a second line of defence. Would it not be appropriate that when an individual approaches a pension company and asks to take out either some or all of their pension pot, they …..."
Andrew Love - View Speech

View all Andrew Love (LAB - Edmonton) contributions to the debate on: Taxation of Pensions Bill
Speech in Commons Chamber - Wed 29 Oct 2014
Taxation of Pensions Bill

"The most deeply worrying thing about the evidence presented to the Committee was the attitude of the Pensions Minister, who did not seem to think that there was a problem. Will my hon. Friend confirm that he spoke lightly about the potential consequences of this loophole?..."
Andrew Love - View Speech

View all Andrew Love (LAB - Edmonton) contributions to the debate on: Taxation of Pensions Bill
Speech in Commons Chamber - Wed 29 Oct 2014
Taxation of Pensions Bill

"We have to keep guaranteed guidance at a reasonable cost, but for that guidance to be effective there has to be personalisation to the individual circumstances of the person involved. All the evidence suggests that. The one balances against the other. The challenge is to find a way to make …..."
Andrew Love - View Speech

View all Andrew Love (LAB - Edmonton) contributions to the debate on: Taxation of Pensions Bill
Written Question
Rent a Room Scheme
Monday 27th October 2014

Asked by: Andrew Love (Labour (Co-op) - Edmonton)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what the annual cost was of providing the rent-a-room tax scheme for each of the last five years; and if he will make a statement.

Answered by David Gauke

HM Revenue and Customs (HMRC) have published information on estimates of the cost of the relief. For the year 2009-10, HMRC estimated the relief cost £120 million. For the years 2010-11 through to 2013-14 HMRC estimate the cost of the relief to be £90 million per annum.

These figures are particularly tentative and subject to a wide margin of error.

Speech in Commons Chamber - Tue 02 Sep 2014
Oral Answers to Questions

"Of all those jobs created, many are part time, and part-time jobs for people who are looking for full-time employment—over a quarter of a million people are involved there. What is the Chancellor doing to increase the opportunities for full-time employment in this country?..."
Andrew Love - View Speech

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Speech in Commons Chamber - Thu 03 Jul 2014
Data Transparency (Banking)

"The debate is starting a little earlier than expected, but I am pleased to see that all are present and correct.

The debate is about the voluntary agreement for the disclosure of bank lending data for every community in Britain, which came into effect last December and has been, on …..."
Andrew Love - View Speech

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Speech in Commons Chamber - Thu 03 Jul 2014
Data Transparency (Banking)

"That rather surprised me, Mr Deputy Speaker. I should have realised that when we got to 5 o’clock that announcement would have to be made.

Is consideration being given to putting the framework on a statutory basis?

It is important to take considerable care in interpreting local-level figures, as they …..."
Andrew Love - View Speech

View all Andrew Love (LAB - Edmonton) contributions to the debate on: Data Transparency (Banking)