Baroness Drake Portrait

Baroness Drake

Labour - Life peer

Became Member: 20th June 2010

1 APPG membership (as of 13 May 2024)
3 Former APPG memberships
Challenger Banks and Building Societies, Financial Resilience, Future Financial Services
Finance Bill Sub-Committee
4th Sep 2018 - 4th Nov 2019
Delegated Powers and Regulatory Reform Committee
12th Jun 2014 - 27th Apr 2017
Finance Bill Sub-Committee
6th Dec 2016 - 17th Mar 2017
Finance Bill Sub-Committee
8th Dec 2015 - 4th Mar 2016
Trade Union Political Funds and Political Party Funding Committee
28th Jan 2016 - 29th Feb 2016
Finance Bill Sub-Committee
8th Jan 2014 - 11th Mar 2014
Small and Medium Sized Enterprises Committee
29th May 2012 - 28th Feb 2013
Trusts (Capital and Income) Bill [HL] Special Public Bill Committee
19th Jun 2012 - 24th Jul 2012
Draft Financial Services Bill (Joint Committee)
20th Jul 2011 - 13th Dec 2011

Division Voting information

During the current Parliament, Baroness Drake has voted in 397 divisions, and 2 times against the majority of their Party.

4 Nov 2020 - Health Protection (Coronavirus) (Restrictions) (England) (No. 4) Regulations 2020 - View Vote Context
Baroness Drake voted Aye - against a party majority and against the House
One of 1 Labour Aye votes vs 119 Labour No votes
Tally: Ayes - 30 Noes - 376
5 Jul 2022 - Sitting Times - View Vote Context
Baroness Drake voted Aye - against a party majority and in line with the House
One of 22 Labour Aye votes vs 44 Labour No votes
Tally: Ayes - 158 Noes - 124
View All Baroness Drake Division Votes

Debates during the 2019 Parliament

Speeches made during Parliamentary debates are recorded in Hansard. For ease of browsing we have grouped debates into individual, departmental and legislative categories.

Sparring Partners
Viscount Younger of Leckie (Conservative)
Parliamentary Under-Secretary (Department for Work and Pensions)
(8 debate interactions)
Earl Howe (Conservative)
Deputy Leader of the House of Lords
(7 debate interactions)
View All Sparring Partners
Department Debates
Department for Work and Pensions
(55 debate contributions)
Cabinet Office
(14 debate contributions)
Leader of the House
(11 debate contributions)
View All Department Debates
View all Baroness Drake's debates

Lords initiatives

These initiatives were driven by Baroness Drake, and are more likely to reflect personal policy preferences.

Baroness Drake has not introduced any legislation before Parliament

Baroness Drake has not co-sponsored any Bills in the current parliamentary sitting

Latest 9 Written Questions

(View all written questions)
Written Questions can be tabled by MPs and Lords to request specific information information on the work, policy and activities of a Government Department
18th May 2020
To ask Her Majesty's Government what further initiatives they will put in place to build and maintain a consensus with Parliament, devolved administrations and local governments on how the national interests can best be met as the restrictions in place to address the COVID-19 pandemic are lifted and they seek to rebuild the economy.

Protecting the health and safety of the public is, and must always be, our top priority. The UK Government is working with the Devolved Administrations and local government to keep the whole of the UK safe. For example, back to work guidance documents have been developed in consultation with approximately 250 businesses, unions, industry leaders as well as the Devolved Administrations.

The Ministry of Housing, Communities and Local Government is working with local resilience forums to coordinate the response of local public?services, and?provide?support to the most vulnerable in our communities. The department has published guidance here for local councils during the coronavirus outbreak:

It is vital that Parliament can continue to scrutinise the Government and legislate to support the coronavirus response.

Lord True
Leader of the House of Lords and Lord Privy Seal
21st Apr 2020
To ask Her Majesty's Government what plans they have, if any, to provide additional support to kinship carers who are caring for vulnerable children as a result of the COVID-19 pandemic.

Local authorities have a general duty to safeguard and promote the welfare of children in need living within their areas. This can include support for kinship care families who look after vulnerable children. Councils across England are getting an additional £3.2 billion to help them to deal with the immediate impacts of coronavirus, including to support vulnerable children.

Kinship families whose children left care through special guardianship orders are eligible for therapeutic support through the recently announced Adoption Support Fund COVID-19 scheme. The scheme will pay for different types of therapeutic support for families whose children have experienced trauma or abuse in their early life and as a result be made more anxious during the current coronavirus crisis.

We are working with sector organisations such as the Family Rights Group and Grandparents Plus who represent kinship carers to understand the challenges and identify opportunities to increase the support available to them.

21st Apr 2020
To ask Her Majesty's Government what steps they have taken to ensure alternative support will be provided if there are insufficient staff available to support residents in a care home as a result of the COVID-19 pandemic.

We know that many social care providers are working together and with local government and health services to support each other with workforce shortages. We will further facilitate this mutual aid by shortly publishing guidance about the redeployment of staff and the use of volunteers. We are developing our data collection to provide information on workforce pressures across England, ensuring that resources can be targeted where they are most needed. Additionally, on 23 April we launched a new national recruitment campaign which aims to attract 20,000 people into social care over the next three months. To enable quick recruitment, we are temporarily providing free-of-charge Disclosure and Barring Service applications and fast-track Barred List checks for many of our vital social care roles. We are also working with NHS England to ensure that nurses returning to practice are deployed where they are most needed.

12th Mar 2024
To ask His Majesty's Government when they anticipate the Bank of England will publish the results of its second climate biennial exploratory scenarios, the first having been published in May 2022.

The Government welcomes the results of the Bank’s Climate Biennial Exploratory Scenario (CBES), which has been an important milestone in assessing UK system-wide exposures and boosting firms’ capabilities to assess climate-related risk.

Following publication of the CBES results in 2022[1], a Prudential Regulation Authority letter to CEOs[2] set out feedback on how to enhance scenario analysis and further embed supervisory expectations. In recognition that this feedback will take time to embed, the Bank has publicly stated that it will not launch a concurrent exercise in the near-term that further explores climate risks.

The Bank also affirmed in its 2023 report on climate-related risks and the regulatory capital frameworks[3] that it will further develop its capabilities to test the resilience of the financial system to climate risks- including how scenario exercises and stress tests can help the Bank and firms understand the exposure of the financial system to risks and progress work to understand material regime gaps in the capital frameworks. Further, the Bank continues to support the development of climate scenarios as a member of the NGFS’s dedicated “Scenario Design and Analysis” Workstream.

The Bank of England has statutory responsibilities for monetary policy and financial stability, and operational independence from the Government to carry out those objectives.

[1] CBES results

[2] Prudential Regulation Authority letter to CEOs

[3] 2023 report on climate-related risks and the regulatory capital frameworks

Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
12th Mar 2024
To ask His Majesty's Government what assessment they have made of the role of the financial sector, including the pension sector, in decarbonising the UK economy while safeguarding investors' interests.

The Government recognises crucial role of the financial sector in decarbonising the economy, whilst safeguarding investors.

As set out in The Green Finance Strategy in March 2023, the Department of Work and Pensions have committed to hold a series of stakeholder roundtables on this matter, planned for this Spring.

The Financial Reporting Council have also committed to undertake a fundamental review of the UK Stewardship Code 2020.

Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
20th Feb 2024
To ask His Majesty's Government, further to the answer by Baroness Vere of Norbiton on 25 January (HL Deb col 843), what assessment the Bank of England has made of the accuracy of the new Low Demand scenario and Fragmented world scenario published by the Network for Greening the Financial System, and whether these satisfactorily address what Baroness Vere of Norbiton referred to as "the challenges of the model ... [including the fact that] there is a higher number of independent transmission channels than previously thought and a lack of historical data", and the need to "anticipate a firm's reaction to climate change over the longer term".

HM Treasury and the Bank of England welcome work by the NGFS to evolve and improve their climate scenarios. The NGFS scenarios have been designed in collaboration with an expert group of climate scientists and economists and are widely recognised throughout the global community. However, while the scenarios provide a useful starting point for considering how climate risks could evolve under a set of plausible outcomes, they should not be treated as forecasts, and despite significant progress in modelling capabilities, do not account for every potential implication of climate change.

The Bank of England worked with the NGFS to publish a guidance note in January 2024, which sets out how users should apply and adapt the scenarios within their work, including caveats to be mindful of, and where they may wish to tailor the intensity of the scenarios.

The Bank continues to support the development of climate scenarios as a member of the NGFS’ dedicated “Scenario Design and Analysis” Workstream. The NGFS have strived to address many of the difficulties associated with climate modelling to date and continue to make further improvements with each iteration (for example, the latest Phase IV incorporated the impacts of additional physical hazards) in line with improving scientific understanding and computational capabilities, to ensure the scenarios continue to provide an important public good for public and private stakeholders.

Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
18th May 2020
To ask Her Majesty's Government when they will provide greater clarity on their plans for the phasing out of current emergency financial measures and the phasing in of any further support measures, so that businesses and organisations have time to assess the implications and plan accordingly.

As the economy re-opens, we are looking at how to adjust our support in a way that ensures people can get back to work, protecting both the UK economy and the livelihoods of the British people.

On the Coronavirus Job Retention Scheme, the Chancellor has been clear that getting people back to work will be introduced in a measured way, avoiding a cliff edge. The scheme will run in full until July. We will then introduce more flexibility so that we move out of the scheme in a measured way that protects people’s incomes and helps support furloughed employees as they return to work. This will run for three months from August through to the end of October.

The Government will continue to monitor developments to understand the impacts of COVID-19 on individuals and businesses.

21st Apr 2020
To ask Her Majesty's Government when they will publish data on the number of furloughed workers by (1) sector, and (2) size of enterprise. [T]

Applications for the Coronavirus Job Retention Scheme (CJRS) opened on Monday 20th April. As of Thursday 23rd April HMRC had received about 512,000 claims with a total value of about £4.5bn.

This is a new scheme and HMRC are currently working through the analysis they will be able to provide based on the data available. HMRC will make the timescales for publication and the types of data available in due course.