"My Lords, I declare my interest as chairman of the Scottish American Investment Company. I understand why the Government would want to take a reserve power, given the persistent failure of the City of London—one of the biggest global financial centres—to provide equity finance to British industry over 150 years. …..." Lord Macpherson of Earl's Court - View Speech
"My Lords, I will speak in support of Amendment 243E, tabled by the noble Lord, Lord Layard. It is late, and I promise to be brief.
In Committee, a cross-party group of Peers spoke in support of an amendment that would have guaranteed a place on an apprenticeship to every …..." Lord Macpherson of Earl's Court - View Speech
"My Lords, it is axiomatic that, if you want to land a difficult message, it is best to start with some positives: so here goes. First, all credit to the Government for sticking to their fiscal rules, and increasing their safety margin. I admit that I had my doubts this …..." Lord Macpherson of Earl's Court - View Speech
"My Lords, I will speak very briefly in the gap. First, I should mention that I, too, make regular use of canal tow-paths: I often walk along the Grand Union Canal, either through Camden and Islington or, mainly, from Boston Manor, through Osterley and down to the Thames in Brentford. …..." Lord Macpherson of Earl's Court - View Speech
"My Lords, does the Minister agree that it is an important principle of the tax system that tax reliefs, and therefore tax expenditures, should be tightly drawn? Does he also agree that the point of pension relief is to provide a pension in retirement, and therefore that pension savers should …..." Lord Macpherson of Earl's Court - View Speech
"My Lords, I will speak briefly in support of Amendment 483, which I have put my name to. The noble Lord, Lord Layard, has set out the arguments very eloquently. I would merely like to add the perspective of a former Treasury official.
"My Lords, the Financial Secretary is right to point out that yields on German bunds have risen almost as much as yields on gilts in the UK over the last month, but does he recognise the importance of ensuring that the UK’s economic policy does not stand out from other …..." Lord Macpherson of Earl's Court - View Speech
"My Lords, one of the most sensible measures introduced by Mr Sunak when he was Chancellor of the Exchequer was a health and social care levy. Sadly, its abolition is the one measure which survived from the Kwasi Kwarteng Budget of 2022. The benefit of a health and social care …..." Lord Macpherson of Earl's Court - View Speech
"My Lords, I congratulate the Treasury on this plan, which is well thought through. If the economy is going to grow, we have to ensure that public investment grows faster than public consumption. That is reflected in the Government’s plans. But, like my noble friend Lord Birt, I worked for …..." Lord Macpherson of Earl's Court - View Speech