Export Controls
Debate between Lord Dubs and Baroness Wilcox
Baroness Wilcox
My noble friend is quite right: this is very complicated. We live in a technological age that moves at enormously fast speed. We also do not wish to cause suffering to the innocent people of another country by restricting goods unless we absolutely have to and feel that it is right to do so. That is what we are doing at the moment. I wondered whether anybody would ask me where they could find out what is restricted and what is not. It is always very helpful to have this information. Trade data are available online at www.uktradeinfo.com if anybody would like to look that up. Information on export restrictions is available on the BIS website. It is the ministry of business that deals with this, which is why I am answering the Question.
Lord Dubs
What the Minister has said is welcome as far as it goes, and I fully understand the difficulties with surveillance technology, but I should like to ask her this. First, when does she think the Government will arrive at a firm decision on being more restrictive on the export of surveillance technology? Secondly, what about exporting to other countries which might then re-export to oppressive regimes? What can the Government do about that?
Companies: Executive Remuneration
Debate between Lord Dubs and Baroness Wilcox(13 years, 1 month ago)
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The Parliamentary Under-Secretary of State, Department for Business, Innovation and Skills (Baroness Wilcox)
My Lords, the Government believe that executive remuneration which is well structured and rewards long-term success is an important way of promoting sustainability and growth. However, there are justified concerns about the disconnect between how our largest listed companies perform and the rewards that are on offer, particularly at a time of economic restraint. We feel that that is unsustainable. That is why the Government have published a discussion paper that explores these issues and invites views on what can be done.
Lord Dubs
My Lords, does the Minister accept that our top executive pay has gone up by nearly 50 per cent while that of the rest of the population has gone up on average by 2.5 per cent, and that this is deeply offensive to many people who feel that the bankers and others who caused the crisis are now exploiting us? Does the big society not require consent? In the absence of consent, there is a threat to our social cohesion.
Baroness Wilcox
Concern over this is coming not just from Government but from investors, business groups and captains of industry, who have all told us that this is a problem that needs to be addressed. Business should be a force for good but, understandably, figures showing soaring executive pay are causing resentment towards large companies. We want to see transparency, proper accountability to shareholders and a sense of responsibility from British boardrooms.
British Summer Time
Debate between Lord Dubs and Baroness Wilcox
Baroness Wilcox
My noble friend asks an important question and I can answer it, so that is very good. We know about the Private Member’s Bill that is going through at the moment and we know about the Lighter Later campaign, which suggests that there may be great benefits for a move to Central European Time. However, much of the evidence points both ways when you start looking at it. In the end, it comes down to whether you like lighter evenings in summer more than you dislike dark mornings in winter. We cannot support the Bill that is going through as it is presently formed, but we will take back any suggestions that are made today. We are constantly looking at this, because it affects the whole of the United Kingdom.
Baroness Wilcox
On changing the date, the EC ninth directive on summer time harmonised for an indefinite period the dates on which summer time begins and ends across the united Union, in order to make sure that everyone is certain when the start and end dates occur and to avoid obvious risk of confusion, especially for cross-border trade and travel. As the directive is enforced across the EU, it would not be possible for the United Kingdom to change the dates.
Daylight Saving Time
Debate between Lord Dubs and Baroness Wilcox
Baroness Wilcox
I have been in this House a few years now and I have heard the arguments for and against doing this. Always we come back to the same thing: certain parts of the country would benefit while other parts certainly would not because the time zone would not be helpful to them. There would be an impact on the City, for example. As we are at the moment, the time works very well for us. We are there when Asia is online and we are still there when the United States starts trading. I am not sure that the arguments for and against are as clear as we would like them to be.
Baroness Wilcox
Yes. Evidence from the Department for Transport suggests that road casualties would be reduced, with a reduction in road deaths by around 80 per year and serious injuries by 212 per year out of a total of 3,000 and 28,000 respectively. Those are not enormous benefits, but benefits none the less.