Financial Services Bill

Debate between Lord Duncan of Springbank and Lord Holmes of Richmond

Committee stage & Committee: 2nd sitting (Hansard) & Committee: 2nd sitting (Hansard): House of Lords
Wednesday 24th February 2021 Grand Committee

[The Deputy Chairman of Committees (Lord Duncan of Springbank) (Con)]

I have received a single request to speak after the Minister; I call the noble Lord, Lord Holmes of Richmond.

[Lord Holmes of Richmond (Con) [V]]

My Lords, I thank the Minister for his very clear and thoughtful response. I have three brief questions for clarification. First, what plans, if any, are there for a Financial Services (No. 2) Bill? Any information on that would be helpful to the deliberations of the Committee today, and to the approaches noble Lords may choose to take as we move through further stages of the Bill.

Secondly, will he say what the Government’s position is on the timeliness of such scrutiny? Does it err more towards rear-view rather than real-time? Thirdly, in the light of the debate that we have just had, will he consider discussions potentially to lead to government amendments coming forward on Report? I think that noble Lords would agree that, on scrutiny and accountability, if the Bill is passed as currently drafted that would be at least somewhat unfortunate.

Agriculture Bill

Debate between Lord Duncan of Springbank and Lord Holmes of Richmond

Committee stage & Committee: 4th sitting (Hansard) & Committee: 4th sitting (Hansard): House of Lords
Thursday 16th July 2020 Lords Chamber

[Lord Holmes of Richmond (Non-Afl) [V]]

My Lords, I venture to say that the amendments in this group can be summed up as: what purpose profit if there is no habitable planet to spend it on? What purpose fine produce if there is no habitable planet on which to enjoy it? Does the Minister agree that the potential to achieve net zero will completely depend on the combination of talent and technology? I thank the NFU for all the work it has done in this area; it is ahead of a number of curves in this respect. Does the Minister recognise the need for far greater consideration of and investment in all the elements of 4IR, not least distributed ledger technology and robotics? If we are to achieve the purposes set out in these amendments—or indeed the overall governmental purpose—we need to accept and be proud that nuclear will be part of that mix. Would the Minister care to say something on the investment potential, not just for small modular reactors to assist in this but in the race for nuclear fusion? This could enable such innovation, not just in agriculture but across the economy. I will be very interested to hear the Minister’s comments.

[The Deputy Chairman of Committees (Lord Duncan of Springbank) (Con)]

For the benefit of Members tuning in remotely, it might be helpful to know that the Minister responding will be the noble Baroness, Lady Bloomfield. I call the next speaker, the noble Lord, Lord Foulkes of Cumnock.

Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2020

Debate between Lord Duncan of Springbank and Lord Holmes of Richmond

Thursday 18th June 2020 Lords Chamber

[Lord Holmes of Richmond (Non-Afl) [V]]

My Lords, I am pleased to speak to these regulations. In doing so, I thank all those across financial services, in the City of London and beyond, who helped to get the regulations into the condition they are in. We have one of the finest financial services centres on the planet, and potentially the best is yet to come—but that is “potentially” rather than “inevitably”. Does my noble friend agree that a large part of the success to date of financial services, not least in London, is due to the fact that London is one of the most diverse cities on the planet? Like cities, financial services organisations benefit from such diversity, and we have seen that benefit throughout the UK and across the world.

Echoing the question asked by the noble Baroness, Lady Northover, will my noble friend the Minister set out the position of Gibraltar as regards the regulations? Secondly, will she clarify whether equivalence is still the target and, if not, why not? Come our exit, does she believe from her perspective that financial services in the UK will be in a better position going forward than they are today?

[The Deputy Speaker]

Lord Wood of Anfield. No? I think that we will come back to him, so we move on to our next speaker, the noble Baroness, Lady Jones of Moulsecoomb.

Covid-19: Housing

Debate between Lord Duncan of Springbank and Lord Holmes of Richmond

Monday 18th May 2020 Lords Chamber

[The Deputy Speaker]

I will be replaced as Deputy Speaker by the noble Baroness, Lady Pitkeathley, after this intervention. The noble Lord, Lord Balfe, is not there, so I call the noble Lord, Lord Holmes of Richmond.

[Lord Holmes of Richmond (Con)]

Does my noble friend agree that there is a real opportunity and an urgent need to increase the use of digital technology across the construction sector, not least in the supply chain, to ensure that the various industry bodies produce the skills and talent to enable us to flourish in all our digital futures?