Sterling
Debate between Earl of Courtown and Lord Flight
The Earl of Courtown
My Lords, I do not believe in uttering fiction from the Dispatch Box. I do not accept the noble Lord’s comment, but I will take it back to the department and ask for clarification on that figure.
Lord Flight (Con)
My Lords, are the Government aware of the extent to which increased regulation is causing a fall in productivity, particularly in the financial services sector? The numbers of people working in regulation are not producing anything positive and the effect is estimated to be as much as 10% over the last decade.