Scotland Bill

Lord Gilbert Excerpts

Thursday 15th March 2012 Lords Chamber

[Lord Sassoon]

I am very happy to give that confirmation and will write.

[Lord Gilbert]

I distinctly heard a few minutes ago the noble Lord, Lord Forsyth, refer to bogus companies. This is a new concept to me, but the phrase did not seem to throw the Minister at all. Will he tell us what he thought the noble Lord referred to when he mentioned bogus companies?

[Lord Sassoon]

My Lords, if the noble Lord had heard the richness of this debate he might have understood the context in which all this was raised. I was pointing out that quite a lot of what my noble friend raised, if it relates to bogus companies and other things, will already be under the microscope of HMRC, which will deal with it as part of its normal UK responsibilities.

European Union Membership (Economic Implications) Bill [HL]

Lord Gilbert Excerpts

Friday 25th November 2011 Lords Chamber

[Lord Gilbert]

My Lords, I was very taken by the mention made by the noble Lord, Lord Stevens, of bombproof limousines, although in this country they would be more suitably donated to elected politicians than to faceless bureaucrats, but the idea is one that might find a considerable welcome in the Government. Before I get down to my main remarks, I would like to say to noble Lords that I have based much of what I want to say on an article in the December issue of a magazine called Standpoint; it is by Mr Daniel Hannan, who happens to be the Conservative MEP for South East England. I also want to express my unreservedly warm welcome to this Bill from the noble Lord, Lord Pearson—I hope that I may call him my noble friend because I feel that he is. I congratulate him on his persistence. I am afraid that there is virtually nothing I want to say on the Bill because he said it all quite brilliantly earlier in his speech. His remarks were well researched, as they always are, and I also congratulate him on that. It is a treat to listen to him.

However, as several noble Lords have pointed out, our relations with the EU go far wider than economic questions. We have the common agricultural policy which, in my view, is wicked—I have chosen that word with care—because of what it has done to the developing countries of the world. We have the common fisheries policy which is disgusting because of what it has done to the oceans around these islands. Then we have the idiotic nonsense of the eurozone. There are some people, even in this House, who would like us to join up with the crew that brought us the common agricultural policy and the common fisheries policy and the eurozone in a common security and defence policy. Can you imagine having a common security and defence policy with people like that? It is absolutely ridiculous, for very good reasons.

Incidentally, I recall a phone call I received while I was working in New York in the early 1960s, although I cannot remember the exact date. Charles de Gaulle had vetoed our entry into what was then the Common Market. A friend at the British Consulate rang me to say, “John, have you heard the news? It is marvellous news”. I said in reply, “I think it’s marvellous news, but why do you think it’s marvellous news, Richard? I thought that you were in favour of our joining the common market.” He replied, “Yes, but don’t you see, they will bringing us within six months the crown of Europe on a platter”. That is what the Foreign Office thought about the EU, or the EC as it was in those days. How wrong they were.

Obviously I accept and endorse the motives behind the construction of all the European organisations and institutions because they are driven by very high-minded and fundamentally humane ideals, ones that are thoroughly decent. But we have to look beyond that. I was interested in the remarks of the noble Lord, Lord Risby, who I have not had the pleasure of hearing before. He pointed out that we have to take account of our geography because it is an important factor. The noble Lord is absolutely right, but for my money, our closest friends are not our nearest neighbours, with the possible exception of the Irish, as I have said before. The closest friends of this country are to be found in Australia, New Zealand, Canada and the United States, but not in other countries which I shall not name in this debate. It is perfectly obvious from the history of the last many centuries where our friends are.

I recall a debate in the Parliamentary Labour Party when I was quite a freshman. The late Roy Jenkins got up and with that ineffable trademark of his dismissing something as not worthy of consideration, he said, “I have never had much time for kith and kin in politics”. When Roy Jenkins said that, I thought of a friend of mine called Doug Neill in Canada who lost three brothers on the same day at Dieppe. I have a lot of time for kith and kin in politics. I think we should be with our friends.

I do not take seriously the idiot gentleman—maybe he is not an idiot—who said the other day that very soon all of Europe will be speaking German. Obviously that was a metaphorical remark, but it is just as dangerous metaphorically as it is literally. That is what the EC is leading us towards today. I have one quotation from the article which came from Angela Merkel in October:

“Nobody should take for granted another 50 years of peace and prosperity in Europe”.

They are not my words, but those of Angela Merkel. If she says that we cannot be assured of another 50 years of peace in Europe, I ask myself in which direction will the Bundeswehr be marching.

[A noble Lord]

Oh, come on.

[Lord Gilbert]

Well, she said it, not me. When you get the leaders of Europe using the sort of apocalyptic language which so offends my noble friend, I suggest that he should address himself to the people who use it, not me.

I have a solution for Europe. I think that the EU should have joined EFTA as a single unit. I would have been perfectly happy with that arrangement, so do not let anyone say that those of us who are against the construct of the EU are anti-European. Later on I would hope to see a widened EFTA expanded into a NAFTA. That is the way forward. But that is for the distant future. In the short run, what we need now is the sort of information that the noble Lord, Lord Pearson, is seeking in his Bill. I congratulate him and he will have my full support.

Banking: Liability.

Lord Gilbert Excerpts

Tuesday 7th December 2010 Lords Chamber

[Lord Sassoon]

My Lords, I would not say in any way that the FSA and the Royal Bank of Scotland are covering up for each other. The FSA has conducted a lengthy report. It is clearly unfortunate that under the Financial Services and Markets Act, it is not possible at the moment to make the report public. On the other hand, when enforcement action is taken, it is usually made public and, indeed, in May this year, the FSA announced the conclusion of an enforcement investigation into one of the executive directors of RBS.

[Lord Gilbert]

My Lords, no small part of the public fury over the Royal Bank of Scotland affair related to the pension arrangements for Sir Fred Goodwin. Were they not the responsibility of the remuneration committee of the Royal Bank of Scotland? Should those names not be made public? Is it not the case that one of the people on that remuneration committee was a senior officer of Goldman Sachs, the same firm that helped the Greek Government fiddle their statistics and behaved disgracefully over the Wells letter? Will the Minister ask his colleagues to investigate whether that firm should continue to advise successive Governments and about its suitability to be an adviser to Her Majesty’s Government?

[Lord Sassoon]

My Lords, I cannot comment on the pension arrangements. I believe they took place before the previous election, and I am no position to comment on the pension arrangements for former directors of RBS. As regards the other matters, if there are any complaints about any regulated firm, I am sure the FSA will be, as it always is, open to looking into any complaints that are made.