Chair of the Treasury Committee Harriett Baldwin welcomes planned reforms to the pension market, but raises concerns that the current system of financial advice is not accessible to most people and asks how the Government plans to help people get the financial advice they need to make informed decisions about their retirement savings.
Chair of the Treasury Committee Harriett Baldwin speaks in support of her amendments to the Finance Bill that would reverse the Government's proposal to abolish the Office of Tax Simplification or, if the Office is abolished, require the Treasury to report annually on tax simplification.
Given that recent mortgage increases have largely been down to the fact that inflation has been worse than Bank of England forecasts, Chair of the Treasury Committee, Harriett Baldwin, welcomes the Bank of England’s agreement to her request to look at their inflation modelling and at why it has been incorrect.
Harriett Baldwin calls on the Government to back the Treasury Committee’s campaign to ask the banks to not just raise mortgage rates on the day the Bank of England raises rates, but also increase the savings rates that are paid to customers.
Speaking during the Second Reading of the Non-Domestic Rating Bill, Harriett Baldwin intervenes on the Minister to seek reassurance that the Valuation Office Agency is ready for the changes and on track for its computer system changes.
