Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018

(Limited Text - Ministerial Extracts only)

Wednesday 19th December 2018 Lords Chamber

Moved by

[Lord Bates]

That the draft Regulations laid before the House on 23 October be approved. Considered in Grand Committee on 12 December

[The Minister of State, Department for International Development (Lord Bates) (Con)]

My Lords, with the leave of the House, I would like to move the three Motions standing in my name on the Order Paper en bloc—

[Lord Foulkes of Cumnock (Lab Co-op)]

Object!

--- Later in debate ---

[Lord Foulkes of Cumnock]

My Lords, I was unable to attend the Grand Committee because of business in the House. Will the Minister confirm whether this is one of the many hundreds of statutory instruments needed because of a possible no-deal exit from the European Union, which no one wants and which would be disastrous for this country, and on which many civil servants are spending a great deal of time when they should be doing many other more useful things?

[Lord Bates]

My Lords, I confirm that this is indeed one of a whole series of statutory instruments—secondary legislation—which has been going through Grand Committee. The noble Lord may not have been in Grand Committee, but other Members of this House were. We had an excellent debate which raised a number of issues that have been taken into account in the consideration of these Motions.

Motion agreed.