Data (Use and Access) Bill [HL]

Debate between Lord Holmes of Richmond and Baroness McIntosh of Hudnall

Committee stage
Tuesday 10th December 2024 Grand Committee

[The Deputy Chairman of Committees (Baroness McIntosh of Hudnall) (Lab)]

I advise the Committee that, if this amendment is agreed, I cannot call Amendment 61 by reason of pre-emption.

[Lord Holmes of Richmond (Con)]

My Lords, it is a pleasure to take part in the debate on these amendments. I very much support Amendment 60 as introduced. I was delighted to hear the Minister tell the Grand Committee that the Government are coming forward with an AI Bill. I wonder if I might tempt her into sharing a bit more detail with your Lordships on when we might see that Bill or indeed the consultation. Will it be before Santa or sometime after his welcome appearance later this month?

We touched on a number of areas related to Amendment 65A in the previous group. This demonstrates the importance of and concern about Clause 67, as so many amendments pertain to it. I ask the Minister whether a large language model that comes up with medically significant conclusions but, prior to that, gained a considerable amount of that data from scraping, would be fine within Clause 67 as drafted.

Similarly, there are overriding and broader reuse possibilities from the drafting as set out. Again, as has already been debated, scientific research has a clear meaning in many respects. That clarity very much comes when you add public interest and ethics. Could a model that has taken vast quantities of others’ data without consent and—nodding more towards Amendment 60 —without remuneration and consent still potentially fit within the definition of “scientific research”?

In many ways, we are debating these points around data in the context of scientific research, but we could go to the very nub or essence of the issue. All that noble Lords are asking, in their many eloquent and excellent ways, is whose data is it, to what purpose is it being put and have those data owners been consented, respected and, where appropriate—particularly when it comes to IP and copyrighted data—remunerated? This is an excellent opportunity to expand on the earlier debate on Clause 67. I look forward to the Minister’s response.

Financial Services Bill

Debate between Lord Holmes of Richmond and Baroness McIntosh of Hudnall

Report stage
Wednesday 24th March 2021 Lords Chamber

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

My Lords, it is a pleasure to follow my noble friend Lady Noakes. In essence, since we are on Report on a Financial Services Bill, these amendments can, I hope, be rightly summed up as, “What point profit if no planet to spend it on?” But, as the term “global warming” clearly sets out, it is collectively a global issue, not a national one. In this context, I give more than a nod towards our involvement with the whole Basel process and the letter from Mr Sam Woods on this issue.

I support the amendments tabled by my noble friend the Minister. They strike the right balance on the need for transition—not in any sense slow or fast, but a transition—to get to where we need to get to across financial services and the wider economy. As noble Lords commented, there is no benefit—quite the opposite—in taking an approach to a particular industry in a particular region of United Kingdom only to have a more catastrophic climate impact by having to shore up resource from other parts of the globe.

In short, the PRA has a role to play, as do all elements in the financial services sector. More can probably be done on the use of new technologies and the measurement of how funds and various assets are performing in this sense. That is certainly in our grasp; it is not a matter for this group of amendments, but it could well provide much of the solution, and certainly the clarity and accountability that would come through in the course of business.

I fundamentally agree with my noble friend Lady Noakes’s commentary on how large corporates go about their funding—[Connection lost.]

[The Deputy Speaker (Baroness McIntosh of Hudnall) (Lab)]

We appear to have lost contact with the noble Lord, Lord Holmes. Perhaps we should move on to the next contributor, the noble Baroness, Lady Altmann.