"My Lords, I thank the Minister for her Answer. Phone and broadband companies such as O2 have violated Ofcom’s voluntary code and imposed unjustified mid-contract price hikes on customers. The old and vulnerable are hit hard, as they are less likely to shop around. Inflation and poverty are baked into …..." Lord Sikka - View Speech
"To ask His Majesty’s Government what steps they are taking to ensure price increases by mobile phone and broadband companies are fair...." Lord Sikka - View Speech
"My Lords, labelling something an official secret is all too convenient a way for the Government to keep people in the dark. One example is BCCI, a bank that was forcibly closed in July 1991 but there has never been a full independent investigation. After five and a half years …..." Lord Sikka - View Speech
"My Lords, I welcome the scrapping of the Conservative two-child benefit cap. Sustained economic growth is a key objective, but that cannot be achieved by eroding the spending power of the bottom 50% of the population. There is no justification for freezing the income tax threshold until 2030-31. This freeze …..." Lord Sikka - View Speech
"My Lords, it is a pleasure to follow the noble Baroness, Lady Bennett, and I also thank my noble friend Lord Monks for securing this debate. Private equity’s trail of destruction includes Debenhams, Homebase, LloydsPharmacy, Maplin, Poundworld, Silentnight, Toys R Us, The Body Shop, Southern Cross Healthcare and more. High …..." Lord Sikka - View Speech
"My Lords, I thank the noble Lord, Lord Elliott of Mickle Fell, for securing this debate. In an often-told story, Albert Einstein set an exam paper for his graduate class. One of his colleagues noticed that the questions were the same as on the previous year’s exam paper. He asked …..." Lord Sikka - View Speech
"My Lords, whether someone trades through a company or a partnership is a personal choice. That choice should not be incentivised by the national insurance system. It is wrong to hand incentives to rich accountants and lawyers to dodge employers’ national insurance just because they trade as partnerships. That differential …..." Lord Sikka - View Speech
"My Lords, energy companies made £30 billion profit last year, which is over £500 per household. This fuels inflation and poverty. Some 128,000 people die in fuel poverty each year. There is an urgent need to end profiteering by excluding gas-generated electricity from Ofgem’s marginal pricing formula. Can the Minister …..." Lord Sikka - View Speech
"My Lords, there is an unacceptable level of social deprivation in all parts of our country, and even more so in the north of England. The city of Liverpool has 12,764 households on its social housing waiting list. It has just five—yes, noble Lords heard correctly—so-called additional social rent dwellings, …..." Lord Sikka - View Speech
"As the Minister is struggling to provide information about the social cost of leaving water in private hands, I shall help him a little bit. Analysis suggests that, between 2025 and 2050, customers of privatised water companies will pay over £1 trillion, expressed in 2025 prices. It will probably be …..." Lord Sikka - View Speech