Speeches by Yang.

“The lack of traceability of cash is obviously a great strength from some perspectives, but it can also be a vulnerability, and my colleague Harriett Baldwin MP brought up the issue of money laundering. I was wondering if anyone on the panel could speak to the question of cash as a form of tax evasion, and if that is a …”

“I understand the point that Mr Lowman made—that in principle it might not make so much of a difference in practice. But if that did happen, now or later down the line, how do you think one could manage or help manage that regulatory burden, if it does become a burden, and minimise that cost? I will start with Mr Lowman…”

“So you want to see your retailers mandated to accept cash?”

“Today I stand proud to welcome the Budget, which takes long-term fiscal planning seriously. I welcome a Government who will take us away from the course the previous Government steered, away from austerity, and away from the chaos and confusion of the past few Budgets. First, I want to make a brief point about tax simp…”

“I will take two interventions. I will take one from the. Member for Hinckley and Bosworth (Dr Evans).”

“I thank the hon. Member for his intervention and for highlighting the perilous state of GPs in my constituency of Earley and Woodley after 14 years of the previous Government stripping away the NHS. I am very confident in the announcements made by my right hon. Friend the Secretary of State for Health, which he has mad…”

“I will give way in a moment. I add to that the bad decisions made in the previous two Budgets under the right hon. Member for Godalming and Ash (Jeremy Hunt). Those decisions were not credible. It was not credible, on the March 2024 OBR forecast, that the next Government would do anything about schools, special educati…”

“I thank the right hon. Gentleman for his point. I always welcome conversations with the OBR, whose representatives came before the Treasury Committee only a few weeks ago. In that Committee discussion, we had a full debate on its forecasts. It found that the long-term infrastructure and capital spending in the Budget, …”

“I have taken two interventions, which was the number I set for myself, and we do like sticking to numbers on the Government Benches. I am proud that the Labour Government are asking the wealthiest individuals and largest businesses to pay a little more, so we can rebuild the foundations of our broken economy. That mean…”

“It is a pleasure to serve under your chairship, Madam Chair. I will talk mostly about new clause 5 on capital gains tax, but, given the remarks by the shadow Minister, I will make a few points on the broader matter and on incentives to start a new business. My constituency of Earley and Woodley in the Thames Valley is …”

“I thank the hon. Lady for her intervention, and, at this point, refer to my entry in the Register of Members’ Financial Interests and my support from the unionised voices of those who work in the sector to which she referred. I commend the Government’s green prosperity plan to initiate a skills transition, and provide …”

“Mr Alder, I wanted to ask a bit more about the appropriate level of participation for retail investors. In your previous speech, you mentioned that the different investment culture in Hong Kong that you saw was one of much higher retail participation than in the UK. People were much more aware of the market and risks i…”

“You mentioned before the need for financial education and literacy. Is that part of a discussion the FCA is having more broadly within the Government about how to start to include that in schools and in school curricula?”

“Thank you, Ms Ghani. I apologise for my inconsistent bobbing. I am still learning when to stand up, but what has gone up and stayed up are the record profits of the oil and gas majors. I will start my speech on that topic, and will go on to speak about where those profits have come from and, finally, what the proceeds …”

“Mr Rathi, in previous years when the Bank of England base rate was still going up, our predecessor Committee asked why banks were not passing this increase on to consumers in savings but were on mortgages. Do you think that the inverse might be happening now that rates are starting to go down? How concerned are you tha…”

“When you think about the groups of people who are ready or for whom it might be appropriate to take on more risk, do you have certain demographics or parts of the population in mind? For example, when you talk about equities investment, it brings to mind those who have enough of a lifespan to enjoy the long-term holdin…”

“rose—”

“I want to broaden out the point beyond leisure centres to public services more generally, including services subcontracted by local authorities. Mr Delnevo, could you give a broad overview of the changes in cash acceptance in this sector and in particular parts of it over the last decade or so?”

“Q13. Local councils in my constituency are facing significant financial pressures on special educational needs and disabilities provision. In Wokingham borough, for example, the SEND incidence is twice the national average, yet historically the level of funding has not met the level of need, and that has left families …”

“I want to go back to the point about local authorities and their subcontracted services. I was wondering if, in the panel’s dialogues with local authorities, you have ever had the point made back to you that it is a resource issue for their subcontracted services to accept cash. First, what would you say to that argume…”