I do not think any specific guidance has been given in the way that the noble Lord asks, but the most important thing to say here is that the banking sector should never take a blanket approach to any one sector. Of course, the decision as to what banking services to offer is ultimately a commercial…
My Lords, I declare my interest as a chief engineer working for AtkinsRéalis in the nuclear industry. I look forward to the maiden speech of the noble Baroness, Lady Maclean. It is great to hear that, like me and the Minister, she comes from the Midlands—and I will come on to the Midlands shortly in…
My Lords, I thank my noble friend Lord Coaker for an excellent opening speech and congratulate the right reverend Prelate on her maiden speech; I look forward to working with her in the House. I also thank those noble Lords who have spoken before me, many of whom shared their personal recollections.…
I want to reinforce the point made by the noble Lord, Lord Wigley. He is right, and the Minister is right, that in the past we did indeed have resilience. In this sort of case, resilience means bringing in a large amount of extra supply at very short notice, such as could be performed at Dinorwig, t…
My Lords, if the Minister is correct in his economic theory about gas and electricity prices—frankly, I am not sure that he is—why is the lower price of oil, which is now getting quite low, not bringing down the price of gas as well?