3 Lord Hylton debates involving HM Treasury

Northern Ireland: Illegal Petrol and Diesel

Lord Hylton Excerpts
Tuesday 15th July 2014

(9 years, 9 months ago)

Lords Chamber
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Lord Newby Portrait Lord Newby
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My Lords, I do not know about the past, but in very recent times HMRC has had in-house resources in Northern Ireland to deal specifically with this issue. Additional funding has gone to the road fuel testing units, which are crucial. There is the introduction of a new, more effective marker just round the corner. It is worth informing the House—to demonstrate that we are being effective in this area—that a plant capable of producing more than 8 million litres of laundered fuel was recently found and dismantled in a cattle shed in Crossmaglen.

Lord Hylton Portrait Lord Hylton (CB)
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My Lords, is the Minister aware that cheaper diesel and petrol prices in the Republic have forced the closure of most filling stations in Northern Ireland in a strip 10 or 20 miles wide along the border? Will the Government therefore move to equalise fuel taxes, as is being done in the case of corporation taxes?

Lord Newby Portrait Lord Newby
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My Lords, the setting of the duty rates for diesel and petrol are obviously done at a UK level. Although this is a problem, it is only one of the many considerations that have to be taken into account. There has been a differential in diesel pricing between the Republic and Northern Ireland for a very long time. Some people are obviously going across the border but, as I said earlier, as a proportion of the total consumption of diesel in Northern Ireland it is relatively modest.

Queen’s Speech

Lord Hylton Excerpts
Wednesday 11th June 2014

(9 years, 10 months ago)

Lords Chamber
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Lord Hylton Portrait Lord Hylton (CB)
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My Lords, I should like to move the focus towards Israel and Palestine, where the merciless blockade of Gaza continues, while east Jerusalem and the West Bank remain under occupation and colonial settlements grow daily, in direct contravention of international law. The failure of the Kerry round of negotiations must mean that that drift cannot continue indefinitely. Nearly 50 years of occupation is unacceptable, as is the failure to provide a decent future for the many Palestinian refugees in Lebanon, Syria and Jordan. The status quo is not in the interests of Israel and its neighbours, or of the so-called international community.

That the status quo is unacceptable is not just my opinion. It was stated very clearly by Pope Francis during his recent visit to the Middle East. The Arab League realised this 12 years ago. It is high time that the rest of the world came to that conclusion. Israel could be a partner and a technological guide to the whole region, but for that to happen it will have to change its policies radically. I urge the United States, the EU and all other states of good will to help Israel to make the necessary change of direction. Zionism can no longer aspire to own the whole of mandated Palestine.

On the Palestinian side, I am glad to say that there is some good news. Very recently, the Palestine Liberation Organisation and Hamas reached a reconciliation agreement. This, therefore, was more than an agreement between Fatah and Hamas. The PLO claims to speak for the whole Palestinian people and will be able to do so more convincingly as the agreement is implemented. I was interested that the PLO delegation included my acquaintance and friend, Dr Mustafa Barghouti. He established the Palestinian Health Ministry and represents a non-aligned and non-sectarian part of public opinion. What is more, he is totally committed to non-violence.

The Hamas delegation included the Prime Minister and others who have worked hard to maintain successive ceasefires in Gaza. Cynics may say that there have been previous agreements and that they have not worked. On the contrary, this agreement, the text of which I have seen, builds on the Doha declaration and the Cairo agreement. It contains seven points, the second of which provides for a Government of national consensus. This has now been formed as a caretaker to prepare and oversee elections within six months. There will be a legislature for the West Bank, East Jerusalem and Gaza, a President and the Palestinian National Council. The remaining points deal with the implementation of the earlier agreements.

The agreement acknowledges the help given by the Government of Egypt, but we should note that this agreement was not made under intense external pressure, as happened before. The agreement will help to reduce the huge disparity in power that harmed previous Palestine-Israel negotiations. The elections will give democratic legitimacy to a new Government and answer the taunts that Israel has no valid interlocutor.

I therefore ask Her Majesty’s Government: what is their response to the Palestinian agreement and the new Government? Some in Israel and in Congress have condemned it unseen and unheard. I urge Ministers to remember the missed opportunities of the past. Will they give this new departure their fullest support? It certainly deserves it.

Banks: Money-laundering

Lord Hylton Excerpts
Tuesday 18th December 2012

(11 years, 4 months ago)

Lords Chamber
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Lord Sassoon Portrait Lord Sassoon
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My Lords, I agree with the numbers that my noble friend shared with us. However, the traditional approaches in the UK and US towards fines have been very different. I believe that my noble friend’s numbers go wider than the narrow question of money-laundering. As I said, the FSA has levied much larger fines in recent years. Prosecutions are, of course, possible and should be pursued where appropriate, whether against bank staff or potentially against the banks. However, Mr Bailey is also correct that there are circumstances in which the prosecution of a bank could have the consequence of putting the future of that bank in jeopardy. Therefore, considerations may arise in extreme cases regarding the stability of the system if a major bank was closed down. Those considerations have to be taken into account.

Lord Hylton Portrait Lord Hylton
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My Lords, does the Minister accept that the present British regime causes unintended consequences for legitimate people opening bank accounts, for example, for perfectly bona fide reasons?

Lord Sassoon Portrait Lord Sassoon
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My Lords, I certainly accept that there is unfinished business to be done around the whole “know your customer” and opening bank accounts regime. Many of us know what difficulty that causes, whether on our own account or on that of our children. This is something that we discussed during the passage of the Financial Services Bill. It is interesting that some banks require less detail and paperwork than others. I wish they would all make this process as easy as possible for their customers, consistent with the regulations that apply.