(12 years, 8 months ago)
Lords ChamberMy Lords, the United Kingdom is committed to the Commonwealth and is working with the secretariat, member states and associations to modernise this 21st century network and help it realise its extraordinary potential for the direct benefit of all its members, not least the United Kingdom. This Diamond Jubilee year is also a celebration of Her Majesty’s 60 years as Head of the Commonwealth. A range of special events is being held across the Commonwealth in tribute. The recently launched Queen Elizabeth Diamond Jubilee Trust fund will benefit all Commonwealth citizens.
My Lords, today we have had a memorable endorsement of how much the Commonwealth means to Her Majesty, who has done more than anybody else to unify it, and a reminder that it encompasses some one-third of the world’s population. Will my noble friend assure us that he will do all he can to ensure that the Commonwealth becomes much more relevant in our deliberations? It is a fast-growing, young market eager for greater involvement with us, without demanding more and more regulation.
I very much endorse what my noble friend says; she is quite right. I am very glad that she puts it in those terms. I am myself convinced that the Commonwealth network today, in both its formal and informal linkages right across the planet, is the key to huge new markets, on which our own prosperity will depend, as well as being the promoter of our values. It is also a very youthful organisation. More than 60 per cent of the citizens of the 2 billion-member Commonwealth are under 25.