Tobacco: Illicit Trade
Debate between Lord Ashton of Hyde and Lord Lawson of Blaby
Lord Ashton of Hyde (Con)
My Lords, the implementation process for the protocol and directive’s requirements for track and tracing systems has not yet been agreed. The Government will ensure that this complies with the requirement not to delegate responsibilities to the tobacco industry. HM Revenue & Customs sees no conflict between this requirement, or the more general restrictions on the involvement of the industry, and public health policy and its current use of Codentify as a product authentication tool.
Lord Ashton of Hyde
I thank the noble Baroness for her kind remarks. As far as tracking and tracing is concerned, there are many systems that could be used. Until the EU has decided on the requirements, Revenue & Customs is not going to look at different systems. But when it does, it will look at them openly and not rely on the tobacco industry to do it—as it is required not to do under the convention.
Lord Lawson of Blaby
My Lords, I apologise to the House for my youthful impetuosity a moment ago. The Royal College of Physicians has concluded that e-cigarettes should be encouraged as an aid to giving up the smoking of tobacco. The European Union has decided, via the tobacco products directive, that e-cigarettes should be discouraged. Which side are the Government on and what are they going to do about it?
Lord Ashton of Hyde
As far as the Treasury is concerned, it does not impose duty on e-cigarettes because tobacco is not involved and it has no plans to do so.
Euro: Support for Joining
Debate between Lord Ashton of Hyde and Lord Lawson of Blaby
Lord Ashton of Hyde
My Lords, I agree with the noble Lord: there are many things apart from the economics of the situation. Security and safety against terrorism, the science base and many other things, not least our position in the world order, depend on our being in the EU.
Lord Lawson of Blaby (Con)
My Lords, will my noble friend confirm that he is not too young to recall that in January 1989, when I was still Chancellor of the Exchequer, I made a speech spelling out why the euro—monetary union—would be a disaster, why we should not join it and why the European Union would be foolish to go ahead? Perhaps he can set the record right against those who are clearly too young to recall the past.
Lord Ashton of Hyde
My Lords, I do not remember every speech that my noble friend made, but in many cases he was very wise.
European Union: Single Market
Debate between Lord Ashton of Hyde and Lord Lawson of Blaby
Lord Ashton of Hyde
My Lords, I think that I said in my opening reply that the Government took into account all evidence, although that does not mean to say that they agree with it. The Government’s view is clear. We believe that any other alternative to EU membership would leave Britain worse off. No free trade agreement, including the Canada-EU free trade agreement, is as successful in removing the non-tariff barriers to trade as a single market. This is particularly important for Britain, which relies less on goods, which are hindered by tariffs, and more on services, which are hindered by the non-tariff barriers. No country outside the EU has agreed full access to the single market without paying into the EU and accepting free movement. As far as the trade imbalance that the noble Lord mentioned—he is right about it—he talked of a leap in the dark, but he must also recognise the fact that, while half the goods that we exported went to the EU, when you look at it from the EU’s point of view, 7% of the EU’s goods came to the UK. I hardly think that that is a strong negotiating stance to get all 27 countries to agree unanimously to a new trade deal in two years.
Lord Lawson of Blaby (Con)
My noble friend the Minister referred to a reformed European Union. There is no reformed European Union. Indeed, the European Union has proved itself to be unreformable. If the single market is such an economic miracle, why does he think that the European Union is widely recognised as being something close to an economic disaster zone at the present time? Why does he think that in the latest opinion poll in France, published in Le Monde a few days ago, 53% of the French people said that they would like a referendum so that they could leave the European Union?
Lord Ashton of Hyde
My Lords, when the noble Lord says that the European Union is not reformed, he ignores the fact that we are out of the parts of the Union that do not work for us. We will not have to join the euro. That is agreed. We will not have to be part of eurozone bailouts. That is agreed. We will not be part of the European army. That is agreed. Importantly, we will not be part of a EU superstate. We have the best of both worlds—and the one thing that we have is a market of 500 million people on our doorstep without any trade barriers at all.
Royal Bank of Scotland
Debate between Lord Ashton of Hyde and Lord Lawson of Blaby(8 years, 11 months ago)
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Lord Ashton of Hyde
My Lords, I made no criticism of the Labour Government when they bailed out RBS and made no criticism of the average price that they paid. But of course it is part of the mathematics of selling the bank for a loss that they paid 502p. As to the present price and whether it is being discounted, it is true that there is a law suit from the FHFA in the United States, but our independent advice is that the current share price fully reflects the concerns about any future law suits in that regard.
Lord Lawson of Blaby (Con)
My Lords, can my noble friend explain to the spokesman for the Opposition that the fact that the Labour Government grossly overpaid for a bombed-out bank with shares that were virtually worthless should be a matter of shame to him and should not inhibit the Government from doing what is the right thing to do?
Lord Ashton of Hyde
My noble friend has put it like that; I was trying to be a bit more conciliatory.