Treasury Committee Profile picture
May 20, 2020 9 tweets 6 min read Read on X
One hour to go until our evidence session with Andrew Bailey, Governor of the Bank of England, starts.

We'll also hear from @bankofengland representatives Ben Broadbent, Sir Jon Cunliffe, Elisabeth Stheeman & Jonathan Haskel.

📺Watch it live at 2.30pm:

parliamentlive.tv/Event/Index/e3… Image
Our evidence session with the Bank of England is just about to start.

Watch it live here: parliamentlive.tv/Event/Index/e3…
We're underway with Andrew Bailey and his Bank of England colleagues.

Watch it live here:

parliamentlive.tv/Event/Index/e3… Image
First up, Chair @MelJStride asks Andrew Bailey how banks are dealing with the stress of #coronavirus.

Watch it live here: parliamentlive.tv/Event/Index/e3… Image
Asked by @FelicityBuchan if the Bank of England would contemplate negative interest rates, Andrew Bailey said "we do not rule things out as a matter of principle", but "we do not rule things in either."

He added: "Now is the right time to review all the tools we're using." Image
. @ab4scambs asked Deputy Governor Ben Broadbent what sort of economic bounce back there will be?

Ben Broadbent said that in the Bank of England's scenario, the recovery takes a lot longer than the downturn, which doesn't sound much like a V-shaped recovery. Image
.@Siobhain_Mc asks where are the cracks in the Government's #coronavirus support programmes for households, is it #newstarterfurlough and #ForgottenLtd?

Jonathan Haskell said that it's more of a fiscal issue than a monetary one. Image
Asked by @rushanaraali what a more pessimistic economic scenario means for constituents, Andrew Bailey said that the Bank of England is doing everything it can; it has acted rapidly with a lot of firepower.

"We're doing everything we can to support the economy".
Asked by @angelaeagle whether the Bank of England has temporarily abandoned its inflation target, Andrew Bailey said "no". Image

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More from @CommonsTreasury

Jan 25, 2021
⏳One hour to go until the first evidence session of our #EconomicCrime inquiry.

We'll hear from:
✅Graeme Biggar, @NCA_UK
✅Angela McLaren, @CityPolice
✅Patrick Campbell, @policescotland

📺Watch it live here👇

parliamentlive.tv/Event/Index/92… Image
🚨We're underway with the first evidence session of our inquiry into #EconomicCrime.

📺Watch it live here👇

parliamentlive.tv/Event/Index/92… ImageImageImage
Asked about fraud in relation to the Government's #coronavirus support schemes, Graeme Biggar from @NCA_UK tells us that there are "eyewatering" amounts of fraud against the public purse. Image
Read 8 tweets
Dec 16, 2020
⏳One hour to go until our evidence session on business taxes as part of our #TaxAfterCoronavirus inquiry.

We'll hear from:

✅ Tom Clougherty @CPSThinkTank
@alexcobham
✅ Annie Gascoyne @CBItweets
@ChrisSangerEY

📺Watch it live at 14:30 here👇

parliamentlive.tv/Event/Index/66… Image
We're underway with our evidence session on business taxes for our inquiry into #TaxAfterCoronavirus.

📺Watch it live here👇

parliamentlive.tv/Event/Index/66… ImageImageImageImage
How important is corporation tax to businesses when considering where to invest?

@ChrisSangerEY tells us that it's "fifth or sixth on the list".

He added that low rates make the UK attractive to invest in and Govt would be wrong to raise rates if it wants inward investment. Image
Read 8 tweets
Dec 2, 2020
⏳One hour to go until our evidence session with economists on #SpendingReview2020.

We'll hear from:

@jagjit_chadha
@PJTheEconomist
@MSensier
✅ Karen Ward from @JPMorganAM

📺Watch it live at 14:30 here👇

parliamentlive.tv/Event/Index/87…
We're underway with our evidence session with economists on #SpendingReview2020.

📺Watch it live here👇

parliamentlive.tv/Event/Index/87…
Karen Ward tells us that the UK is vulnerable to global interest rate rises.

@MSensier tells us that we need to look at why the UK has had to borrow so much for #coronavirus, which is partly down to not spending enough on preparation for a pandemic.

#spendingreview2020
Read 7 tweets
Oct 20, 2020
⏳One hour to go until our evidence session on #TaxAfterCoronavirus, with a focus on employment taxes.

We'll hear from:

@JudithFreedman
@BillDodwellTax
@dcribb
✅Andrew Titchener
@CBItweets

📺Watch it live from 9.30am here👇

parliamentlive.tv/Event/Index/22… Image
We're underway with our evidence session on #TaxAfterCoronavirus.

📺Watch it live here👇

parliamentlive.tv/Event/Index/22… ImageImageImageImage
Andrew Titchener from @CBItweets tells us that the headline rate of corporation tax is not as important to businesses as reliefs and incentives. Image
Read 7 tweets
Oct 16, 2020
(1/5) The three-person tax problem.

It's possible to work for the same employer and be taxed in different ways depending on whether you're:

1⃣Employed
2⃣Self-employed
3⃣A limited company

Read on to find out more👇
(2/5) These differences arise because of the different ways the tax system deals with different things.

Employees pay income tax and national insurance.
(3/5) The self-employed pay income tax and Class 4 national insurance, which is lower than an employee.
Read 5 tweets
Oct 14, 2020
⏳One hour to go until our evidence session on #decarbonisation and #GreenFinance.

We'll hear from:

✅Saker Nusseibeh @FedHermesIntl
✅Sandra Boss @blackrock
@huwevans71
@stevewaygood

📺Watch it live at 2.30pm here👇

parliamentlive.tv/Event/Index/d0… Image
We're underway with our evidence session on #decarbonisation and #GreenFinance.

📺Watch it live here👇

parliamentlive.tv/Event/Index/d0… ImageImageImageImage
.@stevewaygood from Aviva Investors told us that climate change is the world's biggest market failure. Image
Read 11 tweets

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