Debt Advice Services

Debate between Lord Bates and Lord Bishop of Southwark

Thursday 6th September 2018 Lords Chamber

[Lord Bates]

I am sorry but I do not accept that; the evidence does not point to it. Over 3 million more people are in work in this country. We have seen one of the largest increases for the lowest-paid in this country through the introduction of the national living wage. As a result of basic tax thresholds being raised, the typical taxpayer in full-time work is £1,000 better off. That is not to diminish in any sense the fact that there is a serious problem with personal debt in this country. It is about 16.5% less than its pre-crisis levels when inflation is taken into account. That is why we are taking the steps that we are.

[The Lord Bishop of Southwark]

My Lords, with the demise of Wonga, which I hope the Minister will want to join me in welcoming, does he wish to take this opportunity to endorse the work of the many credit unions which are a channel for such sound advice?

[Lord Bates]

We have provided significant additional funding to the credit unions. Wonga, which is in administration at present, is not a matter directly for government. The Financial Conduct Authority has issued advice that those who have loans with Wonga should continue to service those debts to avoid getting into further potential debt in the future.

Financial Services: Regulation

Debate between Lord Bates and Lord Bishop of Southwark

Wednesday 6th September 2017 Lords Chamber

[Lord Bates]

Those major banks, of course, are covered by the Prudential Regulation Authority, through the Bank, but the FCA has a prudential role as well as its regulatory role. As I mentioned, it is important that we recognise that where regulations apply it is done in a proportionate and appropriate way for consumers and also for the businesses that are being dealt with.

[The Lord Bishop of Southwark]

My Lords, when do Her Majesty’s Government intend to implement in full the principal recommendations of the Parliamentary Commission on Banking Standards, published in June 2013?

[Lord Bates]

I do not have an answer for that, but I am very happy to write to the right reverend Prelate.

United Nations Sustainable Development Goals

Debate between Lord Bates and Lord Bishop of Southwark

Wednesday 26th April 2017 Lords Chamber

[The Lord Bishop of Southwark]

My Lords, like the noble Lord, Lord Alton, I welcome the Prime Minister’s pledge to maintain the commitment of 0.7% of GDP for overseas aid. But I would be glad to know the Minister’s views on the usefulness of targeting aid in support of the goals not solely through large organisations but through more local partners such as those highlighted in the West Bank and Gaza by the right reverend Prelate the Bishop of Leeds on 21 March.

[Lord Bates]

We are absolutely of the opinion that we should work closely with civil society organisations and that we are part of a global partnership to leave no one behind, which applies and cuts across all the goals. We will engage with local partners, who are in the best position to deliver the improvements and the targets that we seek on the ground. We will continue to do that and I know that many religious organisations, including church organisations, also have a crucial role to play in that around the Middle East and in Africa.

Brexit: United Kingdom-Africa Trade and Development

Debate between Lord Bates and Lord Bishop of Southwark

Tuesday 25th April 2017 Lords Chamber

[Lord Bates]

My noble friend is right to raise that point. The lowest-income countries are able to come in duty free and tariff free under the Everything but Arms agreement, but there is more to be done on the middle-income countries. There is now more flexibility: we are leaving the EU, but we are still embracing the world. We want to put free trade at the heart of everything that we do—that has been set out clearly. The opportunity for free trade to lift ever more people out of poverty around the world is something that we will grasp with full measure.

[The Lord Bishop of Southwark]

The Minister may know that I am a regular visitor to Zimbabwe, where my diocese has links with four of the five Anglican dioceses there. How do Her Majesty’s Government propose to respond to the preponderance of Chinese investment both there and in other African nations, both in infrastructure and major economic undertakings?

[Lord Bates]

I do not think that we see investment in Africa by any country as a problem. We see a significant gap in finance and investment, which Africa needs. The gap to meet the global goals is some $2.5 trillion per year whereas aid flows amount to only some $150 billion. The gap has to be filled by private investors. We welcome them from wherever they come. As the right reverend Prelate will know, we are certainly playing our part in Zimbabwe to encourage investment and to identify investment opportunities in both directions.

Syrian Refugees

Debate between Lord Bates and Lord Bishop of Southwark

Monday 9th November 2015 Lords Chamber

[Lord Bates]

Specifically on the last point of the local authorities, Richard Harrington, a Member in the other place, is the Minister with responsibility for the Syrian refugees who are coming to this country, and he is working very closely with the local authorities and devolved Administrations on this important issue. The Prime Minister has repeated his claim that he wants to see 1,000 here by Christmas, and the Home Office and all other groups are working to ensure that that happens. A key part of this is that the resettlement scheme comes through the UNHCR, and we want the UNHCR to identify the people who are most vulnerable to ensure that those who are most at risk get the protection that we want to give them.

[The Lord Bishop of Southwark]

My Lords, how close are Her Majesty’s Government to announcing the details of a third route in addition to the two mentioned in the noble Lord’s Question—namely, the introduction of a private sponsorship scheme, in which many faith and community groups have expressed strong interest? This would enable faith communities to work in partnership with the Government and reflects a desire to do this, as expressed by the Bishops in their recent letter to the Prime Minister.

[Lord Bates]

That is under active consideration at the moment. Of course, many of the people on whom we are focusing at present are the most vulnerable and in need, particularly of medical care and what have you, so they may not be appropriate for the type of generous offer that has been made. But we have talked about creating a register for charities, churches and faith groups to get involved; there is also a page on the government website that tells people how they can get involved. Once the immediate urgency is over and the first group is brought to the UK safely, we will very much want to take up those offers of great generosity by others.