To match an exact phrase, use quotation marks around the search term. eg. "Parliamentary Estate". Use "OR" or "AND" as link words to form more complex queries.

Keep yourself up-to-date with the latest developments by exploring our subscription options to receive notifications direct to your inbox

Division Vote (Lords)
4 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context
Baroness Drake (Lab) voted Aye - in line with the party majority and in line with the House
One of 127 Labour Aye votes vs 0 Labour No votes
Vote Tally: Ayes - 282 Noes - 180
Division Vote (Lords)
4 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context
Baroness Drake (Lab) voted Aye - in line with the party majority and in line with the House
One of 122 Labour Aye votes vs 0 Labour No votes
Vote Tally: Ayes - 260 Noes - 169
Division Vote (Lords)
4 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context
Baroness Drake (Lab) voted Aye - in line with the party majority and in line with the House
One of 123 Labour Aye votes vs 0 Labour No votes
Vote Tally: Ayes - 274 Noes - 172
Division Vote (Lords)
4 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context
Baroness Drake (Lab) voted Aye - in line with the party majority and in line with the House
One of 126 Labour Aye votes vs 0 Labour No votes
Vote Tally: Ayes - 277 Noes - 167
Division Vote (Lords)
4 Mar 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context
Baroness Drake (Lab) voted Aye - in line with the party majority and in line with the House
One of 118 Labour Aye votes vs 0 Labour No votes
Vote Tally: Ayes - 258 Noes - 171
Written Question
Financial Services: Climate Change
Thursday 29th February 2024

Asked by: Baroness Drake (Labour - Life peer)

Question to the HM Treasury:

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".

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

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.

Speech in Grand Committee - Tue 13 Feb 2024
Occupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 2023

Speech Link

View all Baroness Drake (Lab - Life peer) contributions to the debate on: Occupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 2023
Speech in Grand Committee - Tue 13 Feb 2024
Occupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 2023

Speech Link

View all Baroness Drake (Lab - Life peer) contributions to the debate on: Occupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 2023
Division Vote (Lords)
6 Feb 2024 - Electoral Commission Strategy and Policy Statement - View Vote Context
Baroness Drake (Lab) voted Aye - in line with the party majority and in line with the House
One of 94 Labour Aye votes vs 0 Labour No votes
Vote Tally: Ayes - 175 Noes - 159
Division Vote (Lords)
6 Feb 2024 - Automated Vehicles Bill [HL] - View Vote Context
Baroness Drake (Lab) voted Aye - in line with the party majority and against the House
One of 112 Labour Aye votes vs 0 Labour No votes
Vote Tally: Ayes - 200 Noes - 204