"My Lords, there is nothing in the Companies Act to say that shareholders own companies. They may have controlling rights, but that is not the same as ownership. Besides, shareholders may have short-term interests in companies; therefore, is it somewhat foolish to leave them with the control to direct companies. …..." Lord Sikka - View Speech
"My Lords, what a heroic task this Chamber has undertaken in us having seven minutes to explore 560 pages of the Finance (No. 2) Bill, 481 pages of Explanatory Notes, 131 pages of related OBR analysis and 152 pages of Treasury statements and related policies. On top of that, there …..." Lord Sikka - View Speech
"My Lords, it is a sad day to be speaking on the Conservative amendment objecting to a rise in the minimum wage. I support the rise in the minimum wage and the acceleration of the rate for younger workers, who bear the full cost of living. The product of their …..." Lord Sikka - View Speech
"My Lords, I support this Bill, though I am disappointed that some oppose lifting people out of poverty while constantly supporting greater spending on the welfare of corporations and the super-rich.
Eradication of child poverty could boost the UK economy by around £40 billion a year. Children in poverty struggle …..." Lord Sikka - View Speech
"Thank you. My Lords, the largest providers of children’s care homes have average profit rates of 22.6%. Private equity is central to it. On 18 November 2024, the Secretary of State for Education said:
“We will crack down on care providers making excessive profits”.
"My Lords, the unjust loan system forces many graduates to bear real rates of interest and make repayments while earning less than the median wage. Millions of people are prevented from buying a home or starting a family or business. The Government have many policy options. These include abolishing university …..." Lord Sikka - View Speech