Speeches by Grady.

“Picking up on Dame Siobhan’s point, the FT reported earlier this year on Admiral’s and Aviva’s online information pages for customers with criteria that could push up the cost of insurance. Paying monthly is clearly one of these factors. It reported that Admiral’s and Aviva’s website information pages list the criteria…”

“Leaving aside the percentage of your overall earnings, you are in a similar boat to the others, in that this does not make you a huge amount of money and no more than the annual route.”

“Mr Walker, what is your position on this?”

“Are you in a similar position to Mr Storah, in that you would say that you make very little money on the financing of these arrangements?”

“So you are not making any real money on these products.”

“Mr Hargreaves, are you confident that your motor finance charges are reasonable?”

“Do you have a rough number?”

“What is the delta between what you have by way of cost of capital and what you charge consumers?”

“You say that it is about 7.5%. The FCA says that the average is about 20% to 30%.”

“The APRs are pretty high on these. How much do you pay to finance these arrangements?”

“Are you absolutely confident that they reflect the credit risk and costs of providing this service?”

“I rise to speak in favour of the Bill. On a policy basis, the Bill addresses a number of very important challenges. The first is ensuring that the pension system delivers good outcomes for the millions of pension savers in Britain. That is absolutely critical. In my lifetime, the risk of pension savings has shifted fro…”

“My constituency faces a housing crisis, and inflation and out-of-control borrowing costs make it much more expensive to build social housing, and those costs are passed on to tenants. Does my right hon. Friend agree that that is precisely why the fiscal rules are critical?”

“I hope the right hon. Gentleman would accept that diversification is critical here. Of course, illiquid private assets are not something that one holds for a couple of years and then sells, but the funds are designed to be large enough to bear the risk from diversification. That is the critical point. Pension funds are…”

“Yes. The UK Government have invested in Orbex, in Forres in the north of Scotland. It remains important to give grants to earlier-stage companies because they cannot get the equity and debt funding that more advanced companies can, so I welcome that important investment. The space sector and satellites are central to a…”

“I will keep my remarks short. I thank all Members for their support today, on Second Reading and in Committee. I also thank the Department for Transport civil servants who assisted me. The Clerk of Private Members’ Bills puts in a lot of work to help us all with our Private Members’ Bills, and I give thanks to them as …”

“My hon. Friend makes an excellent point, as she does regularly. The space sector creates enthusiasm for young people. When I met young students at the University of Strathclyde, I could see that it had engendered excitement about the future, and that is a good thing.”

“My hon. Friend makes an important point. The UK Government have committed to investing in defence and in advances in tech defence. As we develop defence, investing in space is utterly critical and central to that. It is a matter of some regret that Scottish companies that invest in military matters are not funded by th…”

“I beg to move, That the Bill be now read the Third time. I will start with a short summary of the Bill. Which will amend two sections of the Space Industry Act 2018 to provide legal certainty that all spaceflight operator licences must include a limit on the amount of the operator’s liability to the Government under se…”

“I thank the hon. Gentleman for his kind words. Having spent a lot of time with him on the Planning and Infrastructure Bill Committee, I know that the charming way in which he presents his submissions would enhance people’s trust in politics, including those voting at Calton Parkhead parish church hall. I am obliged.”