International Banking: Payments

Lord Alton of Liverpool Excerpts

Thursday 28th November 2024 Lords Chamber

[Lord Livermore (Lab)]

I absolutely agree with the noble Baroness that we should of course always proceed from a position of our own national interest. The Chancellor in her Mansion House speech two weeks ago set out a very comprehensive programme to ensure that our financial services industry was examined from that position of our own national interest and set out a comprehensive set of proposals in that regard.

[Lord Alton of Liverpool (CB)]

My Lords, can the Minister give the House an update on the proceeds from the sale of Chelsea Football Club, which were supposed to have been released and sent to help humanitarian causes in Ukraine?

[Lord Livermore (Lab)]

I am afraid I do not have that specific information to hand, but I am more than happy to write to the noble Lord.