Speeches by Yang.

“The information is definitely there. It is just not public.”

“I am aware that there has been a timeline for the implementation of public registers of beneficial ownership in those territories. That was meant to be the end of last year. Does this lack of implementation pose any risk in terms of enforcement of the UK’s sanctions?”

“Ms Davies, I was wondering if you had anything to add on the challenges this might pose for enforcement.”

“I am frankly astonished at the principle underlying some of the comments made by the shadow Foreign Secretary and some of her Conservative colleagues today. I have been giving assemblies to primary school children across the Earley and Woodley constituency emphasising that British democracy means that nobody is above t…”

“Thousands of families in my constituency have moved into new-build developments in Shinfield, Loddon Park and beyond. But many have found their dreams of home ownership punctured by unfair and opaque property management charges. Can the Deputy Prime Minister reassure my constituents by setting out how the leasehold ref…”

“Over 5,000 Hong Kong families have settled in Reading over the past few years, including in my constituency, and I have stood alongside Hong Kong activists in peaceful demonstrations here in the UK. The onerous sentencing of pro-democracy activists in Hong Kong will give people a broad reason to fear transnational repr…”

“I would like to turn now to quantitative tightening and what came before QT. Thank you, Governor, for your correspondence with the Chancellor over the asset purchase facility arrangements, which the Committee has seen. As part of those arrangements, as you know, the Treasury is now effectively paying out interest payme…”

“In the last financial year, the Treasury paid £20 billion or £30 billion to the Bank.”

“For the current Parliament, what matters are the in-year budget constraints.”

“Right now, over the last year, you are looking at something like £20 billion to £30 billion in transfers from the Treasury back to the Bank.”

“Are there better means, technically, of ensuring better value for money so the Treasury has to make fewer payments of that kind?”

“That is one channel that is closed off to the Bank. You mentioned the importance of that interest payment on reserves for other means. I presume you mean the monetary transmission mechanism. The Bank made technical preparations three years ago to introduce a tiered reserve system to see whether that was possible. Of co…”

“I take that point, but value for money is a consideration for the Treasury as well as for the programme and pace of quantitative easing. Is there any value-for-money consideration in that arrangement?”

“Similar to Dame Harriett’s question, you have previously spoken to the Lords Committee and told it that the Bank could not act to change that arrangement of paying interest on the reserves on its own. What partnership would you need from other parts of Government? What conversations have you had with them on this issue…”

“I will move on to ask Ms Lombardelli about distributional impacts. What is your latest assessment of the impact of QE on inequality? Is QT undoing any of that impact? Is there a risk of a ratchet effect where it is much easier to increase rather than decrease the level of inequality?”

“Can I just clarify something, Governor? You previously said that tiering reserves might run counter to your objectives when it comes to increasing value for money on QE. In what way would it be counter to your objectives?”

“Would it be counter to them?”

“To the Governor, we have a situation where the UK has an unusually low participation rate and people are unusually unlikely to participate in the labour force survey. What needs to be done to solve this problem? Who needs to do it? Is the Bank doing any work to solve this problem as well?”

“How confident are you that the ONS can solve this problem? By when do you expect that to begin?”

“It is a pleasure to serve under your chairmanship, Sir Roger. I welcome this opportunity to discuss the ongoing atrocities in Gaza, and I thank my hon. Friend the Member for Glasgow West (Patricia Ferguson) for bringing this debate to Westminster Hall. I also thank my constituents who have made it here from Earley and …”