Contributions
607 recent contributions in Hansard
HANSARDBrexit: Economic ImpactIn some sense they did that, because the analysis benchmarked against the status quo—our membership of the European Union. It then went through the options and said that, over a…20 Feb 2019HANSARDBrexit: Economic ImpactI was with my noble friend right up until the last element of what he said. He and I have gone over that territory before but, on the first part, no deal is not only not in the…20 Feb 2019HANSARDBrexit: Economic ImpactI agree with that analysis. That is why I said 0.6% was modelled on the White Paper, but then we introduced a sensitivity analysis which showed that the hit might be 2.1%. That…20 Feb 2019HANSARDBrexit: Economic ImpactI do not accept that, because the point is that we do not know what that final deal is. There are also significant factors that need to be put in here, such as new trade deals…20 Feb 2019HANSARDBrexit: Economic ImpactThe solution the noble Lord proposes would necessitate our signing up to a common external tariff barrier, which would mean we could not negotiate our own trade deals; we would…20 Feb 2019HANSARDBrexit: Economic ImpactMy noble friend puts forward an interesting idea. Of course, the tariff schedule has not been published yet. It will be published shortly, and I am sure the Financial Secretary to…20 Feb 2019HANSARDBrexit: Economic ImpactI do not accept that. We produced that analysis, which ran to some 83 pages. The noble Baroness says that we did not produce analysis. It was the proposal for the backstop in the…20 Feb 2019HANSARDPackaged Retail and Insurance-based Investment Products (Amendment) (EU Exit) Regulations 2019That the draft Regulations laid before the House on 9 January be approved.18 Feb 2019HANSARDPublic Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019Again, I thank noble Lords for their scrutiny and questions. I give notice that I may need to write on one or two of them, if they would accept that, but I will say a little about…18 Feb 2019HANSARDPublic Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019My Lords, as a great deal of financial services activity takes place across borders and across regulatory regimes, the ability of national regulators to co-operate with each other…18 Feb 2019HANSARDPublic Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019That the draft Regulations laid before the House on 21 January be approved.18 Feb 2019HANSARDPackaged Retail and Insurance-based Investment Products (Amendment) (EU Exit) Regulations 2019I am happy to give the noble Lord that assurance; I will write and be clear on that question. I thank the noble Lord, Lord Adonis, for not pressing his amendment.18 Feb 2019HANSARDBenchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019I again thank the noble Lord, Lord Tunnicliffe, for his responsible approach to these regulations. It is quite right that there should be scrutiny, but the amendment which we are…18 Feb 2019HANSARDBenchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019That the draft Regulations laid before the House on 24 January be approved.18 Feb 2019HANSARDOfficial Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019The official position here is that, under international trade law, we cannot favour some countries’ public bodies and not others. It is all or nothing. I take it that I may have…18 Feb 2019HANSARDOfficial Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019If that is the case, it is happening under the existing rules. All we are doing is replicating those rules to avoid a cliff edge.18 Feb 2019HANSARDOfficial Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019This is a separate debate. The noble Lord is moving his amendment, expressing regret from your Lordships’ House that there has been no consultation with industry on this measure.…18 Feb 2019HANSARDBenchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019My Lords, this instrument, laid under the EU withdrawal Act, will fix deficiencies in UK law relating to the regulation of financial benchmarks to ensure that it continues to…18 Feb 2019HANSARDOfficial Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019Again, I thank noble Lords for their contributions to this debate, which has been very useful and has focused on two themes, as will I. The first is about process, the second…18 Feb 2019HANSARDOfficial Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019I am always very happy to take correction from the noble Lord. If he would like, I am happy to ask that the House approve these regulations. Let me try again. The Treasury has…18 Feb 2019