My Lords, I am grateful for the Minister’s response; I think all Members, on both sides of the House, agree that this is needed. Given the situation the Government found themselves in financially, I congratulate them on finding the resources within that difficult period to do something positive abou…
My Lords, speaking as honorary president of National Energy Action, I ask the Minister: would it not be better to increase the warm home discount for those households already eligible—it has not been increased for about the last three to five years—rather than extending the same amount, a very small…
My Lords, as everybody knows, we are now on Report. These issues have been debated extensively in Committee, so we do not need any Second Reading speeches. I urge noble Lords to reflect that in their contributions to the debate. This is a self-regulating Chamber, and one of the characteristics of th…
With great respect, I remind the noble Lord that, in deciding the fate of his amendment, it is not necessary to respond to all the points raised in the debate. It might be helpful to the House if he could proceed to a decision.
The noble Baroness has spoken for 10 minutes. I hope she can now bring her remarks to an end, considering this is Report and not Committee stage of the Bill, and a lot of these arguments were rehearsed then.
That the draft Regulations laid before the House on 17 March and 28 April be approved. Relevant document: 25th Report from the Secondary Legislation Scrutiny Committee. Considered in Grand Committee on 5 June.
My Lords, before I start my speech, I pay tribute to our Armed Forces who participated in D-Day 81 years ago today. I will mention the 2nd Battalion of the South Wales Borderers and the Durham Light Infantry, who fought side by side on the beaches that day. We will never forget their sacrifices.
Wh…
My Lords, as I have already set out, the Government believe that the Crown Estate, as it currently operates across England, Wales and Northern Ireland, provides the best outcomes for Wales and the wider United Kingdom. I will not repeat the arguments I set out earlier in this debate.
I thank the no…
My Lords, financial services fulfil a vital role for people and businesses across the UK and the Government are committed to ensuring high standards of customer protection. These regulations form part of this commitment by strengthening protections for customers, including consumers, businesses and …
My Lords, I welcome the opportunity to speak on this statutory instrument in this brief debate. We note that these regulations build on previous legislation and arise from a consultation that began under the previous Conservative Government in July 2023.
I agree with the Minister that the extension…
My Lords, the regulations being introduced today will remove the time limit on a temporary exemption which pension funds currently have from clearing standardised over-the-counter derivatives contracts, such as interest rate swaps, through a central counterparty. This means that the exemption will c…
I thank my noble friend the Minister for his clear and helpful introduction of these regulations.
I just have two issues to raise; it would overegg them to describe them as issues of concern, but we need to recognise them. First, these clearing obligations are there to protect investors. The level …
My Lords, it may not surprise your Lordships that before we start the debate on the first group, I remind the Committee again of the protocol around declaring interests. As I have mentioned, noble Lords should declare relevant interests at each stage of proceedings on a Bill. That means that in Comm…
My Lords, it may not surprise noble Lords that, before we start the debate on the first group, I again remind the Committee of the protocol around declaring interests. As I mentioned last week, noble Lords should declare relevant interests at each stage of proceedings on a Bill. That means that in C…
I thank the noble Lord for those comments. We will try to resolve this through the usual channels, but there are six days and this is the fifth day. We want to make progress today and we want to complete Committee on the sixth day, which is Wednesday this week.
Clause 17: Landlords etc: financial p…
My Lords, before we start the debate on the first group, I remind the Committee again of the protocol around declaring interests. As I mentioned last week, noble Lords should declare relevant interests at each stage of a Bill’s proceedings. That means that, in Committee, relevant interests should be…
My Lords, I am grateful to the noble Lord, Lord Sharkey, for securing this debate and for his thoughtful and comprehensive contribution on the future of the SME sector. I am also grateful to the right reverend Prelate for his contribution. I look forward to receiving a copy of the report that he men…