Budget Statement Debate

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Department: Cabinet Office
Friday 12th March 2021

(3 years, 8 months ago)

Lords Chamber
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Lord Benyon Portrait Lord Benyon (Con) (Maiden Speech)
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My Lords, I am delighted to address your proceedings for the first time. I wish I had more opportunity to be as effusive as I want to be for all the people who have made my arrival here so seamless: Black Rod, the House authorities, the doorkeepers and others. I will always remember their efficiency and kindness. It has also been an opportunity for me to meet up with old friends—not just the people I served with in another place, but the Yeoman Usher, who commanded 10th Platoon 1st Battalion The Royal Green Jackets when I commanded 9th Platoon in the 1980s.

This is a Budget debate and therefore on the economy. We know that a successful economy is one based on harmony with nature, the natural systems on which we all depend and our good stewardship of the natural resource we have been gifted. This Budget comes at a time of pivotal importance to the global economy and to our own. In a few weeks’ time, the G7 leaders will meet on these shores—a taster for COP 26 a few months later in Glasgow. This is an extraordinary moment, the prize of which is an incalculable proportion of benefits for the global economy. But the price of failure is existential. It does not come much more important than that.

Climate change and the other side of the same coin, the decline of species, are more than just an economic matter or an environmental one; it is about social justice as well. I look forward to participating in debates on this subject, but I will do my best not to be a one-trick pony. I bring certain experiences from the other place, though not as many as others who have spoken in this debate. One of the most rewarding experiences that I had was serving on the Intelligence and Security Committee. The continuing importance of trying to keep our people safe and of global security at such a difficult time is something I find utterly fascinating.

After a decade and a half of serving in another place, noble Lords might have to forgive me if it takes me a little bit longer to get used to the relentless politeness of this Chamber. Nevertheless, it is something that I welcome and something that I am entirely looking forward to in the weeks, months and years ahead.