Speech in Commons Chamber - Thu 24 Oct 2019 The Economy
"This Queen’s Speech is a pre-election stunt, as many have acknowledged today. As such, it is long on spending promises—what some would call pork barrel politics—and short on a real plan for the economy. This Queen’s Speech has 25 words devoted to the economy, whereas the 2017 Queen’s Speech had …..." Sam Gyimah - View Speech
"If the powers are temporary, it would be helpful to know what kind of regime we would have in the long term in the event of a no deal, and whether that would still make us competitive in this area...." Sam Gyimah - View Speech
"Let me make sure that I fully understand. The no-deal context that we are talking about is the emergency of no deal, rather than a long-term settlement for a situation in which the UK does not have a deal with the EU...." Sam Gyimah - View Speech
"I congratulate my hon. Friend and her colleagues on organising the debate, which is long overdue. I thank her very much for that. On the issue of competition, one of the challenges, especially from the business banking perspective, is that 90% of the market is held by the five major …..." Sam Gyimah - View Speech
"Let me take the hon. Gentleman back to his point about the Governor’s term of office, which would be a single, eight-year term. In other words, once appointed, the Governor does not have to seek reappointment and so can act independently. Therefore, we do not really need the Treasury Committee …..." Sam Gyimah - View Speech
"I thank the hon. Gentleman for being so well versed in my career history. I want to ask him about the substance of the issue that he is supposed to be discussing. Let me go back to his point about the United States: the big difference is that in the …..." Sam Gyimah - View Speech
"On that point, is there therefore a risk that if the Treasury Committee were included in this process, to the extent of having a veto, ministerial responsibility could be blurred in relation to the appointment of the Governor of the Bank of England?..." Sam Gyimah - View Speech
"The hon. Gentleman seems to be ignoring the fact that the Treasury Committee already scrutinises the work and operations of the Bank of England. In fact, only last week the Governor gave evidence to the Committee. There is already parliamentary scrutiny of the substance of what the Bank of England …..." Sam Gyimah - View Speech