Contributions
793 recent contributions in Hansard
HANSARDNet-zero Emissions TargetMy Lords, there are currently no restrictions to water companies raising funds to make investments in reaching net zero, and water companies are able to submit plans for such…11 Oct 2021HANSARDNet-zero Emissions TargetMy Lords, ultimately, that has to be the direction of travel for us, but we cannot get there overnight. To implement that sort of stringent regime now would dramatically increase…11 Oct 2021HANSARDHealth and Social Care Levy BillI cannot give the noble Baroness a clear answer on that now. More detail will be available in the Budget and the spending review. If it does not transpire in those documents in…11 Oct 2021HANSARDNet-zero Emissions TargetMy Lords, I cannot speak to the detail of the Budget in a few weeks’ time, but we have a strong message, which we have been consistent with over the last few years. We have made…11 Oct 2021HANSARDCapital Requirements Regulation (Amendment) Regulations 2021Of course we will write to the noble Lord to provide a bit more clarity on that. Again, it is that difficult balancing act with incredibly complex regulations—as the noble Lord…14 Sept 2021HANSARDCapital Requirements Regulation (Amendment) Regulations 2021My Lords, I thank the noble Lord again for his very thorough analysis of an immensely complicated subject. I will try to address his two substantive questions. The first was on…14 Sept 2021HANSARDMoney Laundering and Terrorist Financing (Amendment) (No. 2) (High-Risk Countries) Regulations 2021My Lords, I thank the noble Lord for his participation in the debate today and for his normal, thorough consideration of the instrument under question. I shall go to his query…14 Sept 2021HANSARDMoney Laundering and Terrorist Financing (Amendment) (No. 2) (High-Risk Countries) Regulations 2021That the Grand Committee do consider the Money Laundering and Terrorist Financing (Amendment) (No. 2) (High-Risk Countries) Regulations 2021.14 Sept 2021HANSARDCapital Requirements Regulation (Amendment) Regulations 2021My Lords, among other things, these regulations support the implementation of the Basel III standards in the UK. I will begin by reminding the Committee of the background to this…14 Sept 2021HANSARDCapital Requirements Regulation (Amendment) Regulations 2021That the Grand Committee do consider the Capital Requirements Regulation (Amendment) Regulations 2021.14 Sept 2021HANSARDMoney Laundering and Terrorist Financing (Amendment) (No. 2) (High-Risk Countries) Regulations 2021My Lords, the Government are committed to combatting money laundering and terrorist financing and recognise the threat that economic crime poses to our country. Illicit finance…14 Sept 2021HANSARDCash NetworkMy Lords, I think what has happened is that people have discovered the ease of not using cash for a number of transactions. Indeed, retailers would not be turning down cash if…07 Sept 2021HANSARDCash NetworkMy Lords, it is not difficult to open a bank account. What we need to do is keep encouraging these elderly people who do not have an account yet to open one.07 Sept 2021HANSARDCash NetworkMy Lords, the Government have not set out plans to amend competition law. However, we are committed to legislating to protect access to cash. The Government are consulting on…07 Sept 2021HANSARDCash NetworkMy Lords, the Post Office plays a vital role in supporting payments across the system. There are some 11,000 post offices, and some 95% of business customers and 99% of personal…07 Sept 2021HANSARDCash NetworkMy Lords, the Government welcome industry efforts to develop solutions to provide continued access to financial services. The community access to cash pilots are an industry-led…07 Sept 2021HANSARDCash NetworkMy Lords, to reiterate my earlier point, there are some 40,000 cash machines that are free at the point of use; they are sustained through an interconnection charge between the…07 Sept 2021HANSARDCash NetworkI agree with the noble Lord that we are going to remain a cash society for a considerable time, but I reassure him that, as of the first quarter of this year, over 99% of the…07 Sept 2021HANSARDCash NetworkTo reassure the noble Baroness, there are still some 40,000 ATMs in the country at the last count, and we remain committed to supporting their continuation. Link, the payment…07 Sept 2021HANSARDCash NetworkAs my noble friend is aware, the DWP payment policy is to pay benefits and pensions into a standard bank, building society or credit union. The DWP encourages customers to provide…07 Sept 2021