Debates between Lord Bradshaw and Baroness Neville-Rolfe during the 2019-2024 Parliament

Mon 5th Jul 2021
Tue 30th Jun 2020
Pension Schemes Bill [HL]
Lords Chamber

Report stage (Hansard) & Report stage (Hansard) & Report stage (Hansard): House of Lords & Report stage

Environment Bill

Debate between Lord Bradshaw and Baroness Neville-Rolfe
Baroness Neville-Rolfe Portrait Baroness Neville-Rolfe (Con)
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My Lords, like all noble Lords, I support this Bill in the round. Having said that, it contains hints of an ugly intolerance; it sometimes gives the impression that those responsible for it know all the answers. A more open attitude would pay dividends and avoid error. After all, a short while ago, some of the same people were confidently and wrongly demanding that we all switch to diesel engines. The truth is that science evolves and new discoveries are made all the time. Humility in scientific matters is essential.

My concern in this group is with a small matter, economically speaking, where I fear an error could be made. It matters because this Bill could bring about the death of Thomas the Tank Engine and his or her nautical steamboat equivalent. Noble Lords will recall my repeated requests for cost-benefit analyses and my concern about the perverse effects of legislation, however important and well intentioned. I rarely receive a satisfactory answer, but that does not mean the request was not valid.

By making it impossible in practice to use British coal for heritage trains, boats and steam engines, we would, I fear, be consigning them in time to the scrap heap. This is unjustified. It is not in the spirit of reuse and recycle, which some of us supported earlier in Committee. Without a small exemption for the use of coal sourced in the UK, we will be importing coal from elsewhere. This would be worse for climate change, as you would have travel emissions as well as the impact of coal use. Also, as the noble Lord, Lord Berkeley, explained to me this morning—we often agree across the political divide—we are talking about small and often impecunious operators who need one or two suppliers to source, pay for and distribute this coal. What supplier would think of taking that risk if it had to be imported from Russia?

Alternatively, of course, we will be consigning these heritage vehicles to a sad death. That would lead to a loss of tourist engagement and income as travellers move elsewhere, often overseas by air. The rotting of the vehicles and railways would create its own waste pile, and the whole dismal process would be a wholly unnecessary and self-inflicted harm and error. As is often said by our Green colleagues—I am sorry that they are not here this evening—we must look in the round at these resource issues. I am very hopeful that my noble friend the Minister will listen to the concerns expressed by me and others and propose a suitable amendment on Report. Like others, I support Amendment 279.

Lord Bradshaw Portrait Lord Bradshaw (LD) [V]
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My Lords, I too support Amendment 279 in the name of the noble Lord, Lord Faulkner of Worcester. Steam locomotives, in particular, and the associated steam engines employed elsewhere are generally now maintained to the highest standards by the most enthusiastic people, and they bring lots of tourists into the most remote areas of the country. The effect on the areas where these railways and other such things operate is immense. Many areas such as north Wales would be immeasurably harmed if the use of steam locomotives was banned. I want simply to say that I support Amendment 279 with enthusiasm. The noble Lord, Lord Faulkner, said that he has received assurances from the Minister. I hope this is true, and I agree with him that including this in the Bill would be something we would all look back on with pride.

Pension Schemes Bill [HL]

Debate between Lord Bradshaw and Baroness Neville-Rolfe
Report stage & Report stage (Hansard) & Report stage (Hansard): House of Lords
Tuesday 30th June 2020

(4 years, 4 months ago)

Lords Chamber
Read Full debate Pension Schemes Act 2021 View all Pension Schemes Act 2021 Debates Read Hansard Text Read Debate Ministerial Extracts Amendment Paper: HL Bill 104-I Marshalled list for Report - (25 Jun 2020)
Baroness Neville-Rolfe Portrait Baroness Neville-Rolfe [V]
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My Lords, I have little to add, but I very much agree with ensuring that

“the closure of schemes that are expected to remain open to new members, either indefinitely or for a significant period of time, is not accelerated”,

to quote from the amendment. I look forward to hearing from the Minister on how he can meet the House’s concerns.

Lord Bradshaw Portrait Lord Bradshaw (LD) [V]
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My Lords, I too welcome this amendment in the name of my noble friend Lady Bowles to help keep open defined benefit schemes. This is to be applauded, as I believe that they are in the best interests not just of their members but of wider society. Open defined benefit schemes assist UK plc over the long term and reduce the potential burden on the state from inadequate pension provision.

As we have heard, the genesis of this Bill dates back to corporate failures such as Carillion and BHS. It is right that the Government look to address the shortcomings that led to these failures and the losses that members of those schemes unfortunately suffered—but it is important to learn the right lessons. BHS and Carillion were fundamental examples of pension schemes brought down by a failure of corporate governance to manage those companies properly, not of companies brought down by a failure to manage their pension schemes.

Like other noble Lords, I understand the Pensions Regulator seeking to protect members’ benefits, but it should look at defined benefit schemes, because they look to the future. They do not just look in the rear- view mirror but have a much wider responsibility to act in the best interests of all members—past, present and future.

Any moves to significantly reduce those returns by forcing schemes that remain open to new members to start investing in line with the risk profile of closed schemes will have unintended consequences. I shall certainly support the noble Baroness, Lady Bowles, if she decides to call a Division.