On 11th November 2015 the House of Lords considered amendments in committee to the Government’s Bank of England and Financial Services Bill. Continue reading “Bank of England and Financial Services Bill – Bishop of Southwark speaks against amendment on ‘reverse burden of proof’”
Tag: economy
Bishop of Portsmouth asks Government to support credit unions and diversity in financial services sector
On 26th October 2015 the House of Lords debated at Second Reading the Government’s Bank of England and Financial Services Bill. The Bishop of Portsmouth, Rt Rev Christopher Foster, made a short speech welcoming any measure that would promote diversity in the financial services sector, including credit unions.
The Lord Bishop of Portsmouth: My Lords, this Bill offers an important way to confirm the Government’s commitment to promoting real diversity in the financial services sector. I want to make a very brief contribution in support of such diversity. Continue reading “Bishop of Portsmouth asks Government to support credit unions and diversity in financial services sector”
Divisions – Tax Credit Regulations
On 26th October 2015 the House of Lords debated a motion to approve the Government’s Tax Credits (Income Thresholds and Determination of Rates) (Amendment) Regulations 2015.
Alongside the motion to approve the House also considered four amendments to the motion, from Liberal Democrat, Crossbench and Labour Peers and one from the Bishop of Portsmouth, Rt Rev Christopher Foster. Continue reading “Divisions – Tax Credit Regulations”
Archbishop of York speaks against Government proposals on tax credits
“Employers who have already adopted a living wage policy have lifted thousands of people out of working poverty. They are not claiming tax credits because they have been lifted out. The Exchequer could gain up to £4.2 billion a year in increased tax revenues and reduced expenditure on tax credits. That is a much neater way of doing it.“- Archbishop of York, 26/10/15
On 26th October 2015 the House of Lords debated a motion to approve the Government’s Tax Credits (Income Thresholds and Determination of Rates) (Amendment) Regulations 2015.
Alongside the motion to approve the House also debated four amendments to the motion, from Liberal Democrat, Crossbench and Labour Peers and one from the Bishop of Portsmouth, Rt Rev Christopher Foster. Continue reading “Archbishop of York speaks against Government proposals on tax credits”
Bishop of Southwark speaks against Government proposals on tax credits
“I fear that the introduction of these regulations will push a significant number of hard-working although low-earning families to breaking point.” – Bishop of Southwark, 26/10/15
On 26th October 2015 the House of Lords debated a motion to approve the Government’s Tax Credits (Income Thresholds and Determination of Rates) (Amendment) Regulations 2015. Continue reading “Bishop of Southwark speaks against Government proposals on tax credits”
Bishop of Portsmouth puts motion to regret Government changes on tax credits
“I say to the Government that these proposals are morally indefensible. It is clear to me and, I believe, many others, that these proposals blatantly threaten damage to the lives of millions of our fellow citizens.“- Bishop of Portsmouth, 26/10/15
On 26th October 2015 the House of Lords debated a motion to approve the Government’s Tax Credits (Income Thresholds and Determination of Rates) (Amendment) Regulations 2015.
Alongside the motion to approve the House also debated four amendments to the motion, from Liberal Democrat, Crossbench and Labour Peers and one from the Bishop of Portsmouth, Rt Rev Christopher Foster. Continue reading “Bishop of Portsmouth puts motion to regret Government changes on tax credits”
Bishop of St Albans asks Government about impact of National Living Wage on small businesses
On 19th October 2015 Lord Haskel asked Her Majesty’s Government “what assessment they have made of the financial impact on British business of the new minimum wage when it comes into effect in 2016.” The Bishop of St Albans, Rt Revd Alan Smith, asked a supplementary question.
The Lord Bishop of St Albans: My Lords, while welcoming the Government’s moves to look at the level of wages as the Minister has mentioned in terms of the minimum living wage, I am aware that the Resolution Foundation is concerned about very small businesses—those that employ fewer than 10 people. Continue reading “Bishop of St Albans asks Government about impact of National Living Wage on small businesses”
Bishop of St Albans questions Government on impact of Sunday trading changes on small shops
On 17th September 2015 Lord Naseby asked the Government “what new proposals they have to support independent high street retailers, particularly in the light of the increasing cost of business rates”. The Bishop of St Albans, Rt Revd Alan Smith, asked a supplementary question:
The Lord Bishop of St Albans: My Lords, while I am grateful for the support Her Majesty’s Government are giving to independent retailers, it seems extraordinary that they are doing so at a time when they are talking about deregulating further Sunday trading hours, which many insiders in the industry believe will give huge commercial advantage both to the large supermarkets and to out-of-town shopping centres. Continue reading “Bishop of St Albans questions Government on impact of Sunday trading changes on small shops”
Bishop of Peterborough welcomes Budget announcement on National Living Wage
On the 21st July 2015 the Bishop of Peterborough, the Rt Revd Donald Allister, spoke during the debate on the Budget Statement. The Bishop welcomed the new National Living Wage and asked for greater transitional support for employers and employees, as well as careful attention to phasing in the reduction in tax credits.
Continue reading “Bishop of Peterborough welcomes Budget announcement on National Living Wage”
Bishop of Birmingham responds to the Budget
“The test of the success of this and future Budgets for a country living within its means will be the growing number of households that are equipped and completely free to earn the means to live.” Bishop of Birmingham 21/07/15
On the 21st July 2015 the Bishop of Birmingham, the Rt Revd David Urquhart, responded to the Budget Statement, during a debate in the House of Lords. The Bishop called for an inclusive capitalism and questioned Lord O’Neill the Commercial Secretary for the Treasury about the impact of the changes to working age benefits. The Bishop also spoke about the need to improve productivity via energising the local economy alongside investing in infrastructure, skills, training and apprenticeships.
Continue reading “Bishop of Birmingham responds to the Budget”
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