(5 years, 5 months ago)
Lords ChamberOf course the noble Lord is right that, before that promise was made, everyone knew that Parliament had agreed that responsibility for the concession fell to the BBC. It was in the BBC’s hands. That is why the Secretary of State has frequently said that he expected the BBC to continue that concession. Do not forget that the BBC has had since 2015 to accept that. This is not some small SME; this is a £5 billion company which has substantial revenues not only from the taxpayer but from its own resources. It could do that. It knew exactly what deal it had gone into. That was not only agreed but promoted by the director-general as being a good deal for the BBC.
My Lords, will my noble friend take time today to look at the Hansard of 21 January this year and read the speech of the noble Lord, Lord Lipsey, who cited the Social Metrics Commission, which showed that more than 80% of over-75s are not in poverty? He went on to say that the policy of giving all over-75s free licence fees,
“is misdirected and does not survive contact with the facts”.—[Official Report, 21/1/19; col. 582.]
(6 years, 6 months ago)
Lords ChamberI think that there is a possibility of drift, as the noble Lord called it, and we have certainly taken that into account. The most obvious point is that gambling will move online from betting shops, but there is an advantage in that, in that it is an account-based system. With the data that comes from online sources, gambling operators are able to spot problem gamblers using modern technology, artificial intelligence, algorithms and things like that. We have said to the gambling industry that we expect it to use this technology to improve the way in which it spots problem gamblers, and I think that it will be a lot easier for it to do that when it moves online. However, it is of course a problem and we will be monitoring it. We have put forward specific proposals in today’s response to address it.
My Lords, I too congratulate the department on undertaking a very effective consultation exercise and then taking very decisive action. Does my noble friend the Minister agree that this is an example that other government departments could usefully follow?
I am sure that the Secretary of State would agree with that. The difference here is that it was a very popular decision, which always makes it easier.
My Lords, the Government have legislated to implement the Vickers ring-fencing recommendations through the banking reform Act, and it is now up to regulators to finalise those detailed rules. The Government remain committed to the implementation of the ring-fencing regime by 2019. The ring-fencing of retail banking services will help to make sure that taxpayers are not on the hook again if the bank fails in future.
My Lords, perhaps my noble friend can enlighten me. The noble Lord, Lord Davies, said that lending to sub-prime borrowers happened before the last Labour Government. Does my noble friend know why the last Labour Government did not then act? Was it not because the banking regime under that Government was extremely weak? Has it not been tightened very effectively in recent years?
Of course, the banking regime has been tightened, as we all know. I mentioned a few minutes ago criminal penalties for rogue traders and also the officers of banks. It is true that when we look at the previous regime, there is no doubt that we are making progress in that respect. As I said before, it is important that the culture is there in the banks. I believe that that is better than it was.