Lord Davies of Oldham
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Banking System
Lord Davies of Oldham Excerpts(9 years, 9 months ago)
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Lord Newby
No, I do not. As for the first part of the noble Lord’s question, the agreement with Switzerland, which he seems to deride, has generated £1.2 billion for the Exchequer. That is £1.2 billion more than was being generated under the previous Administration.
Lord Davies of Oldham (Lab)
My Lords, this information was available to the Government when they took office. How is it, then, that the former chairman and chief executive of HSBC during this period was made a government Minister?
Lord Newby
My Lords, the process by which people become Members of your Lordships’ House and are made Ministers involves them being vetted by the House of Lords Appointments Commission and the appropriate bodies within government. As far as I am aware, there is no evidence that the noble Lord, Lord Green, was involved in any of this sort of activity.