(6 years, 7 months ago)
Lords ChamberPerhaps I may make three brief points or what the noble Lord, Lord Pearson, described as hallucinations—although I see that he has gone.
First, I have sat through most of the 156 hours—80 to 90%, I should think—of debate on the Bill. I pay tribute to the Front Benches, my colleagues on the Opposition Front Bench, the Liberal Democrats and the Ministers who have tried to deal with all the complicated issues that have been put to them. I mean that most sincerely, even though I do not agree with them on many of the fundamentals.
Secondly, I was one of those passionate pro-Europeans like the noble Lord, Lord Cormack. I could not bring myself to vote for the Article 50 Bill and voted against the Motion then that the Bill do now pass. I am not going to do that today because we have greatly improved this Bill in the amendments that the Government have brought. In the amendments that we have passed, we have done our duty and it is for the Commons to decide. We are not doing anything undemocratic. I shall put on the back of my bathroom door a photograph of me as an “enemy of democracy” in the Daily Mail. I am proud of that. In fact, we have just been doing our job, and it is up to the Commons to decide. On that, I should say how much I have admired the Conservatives in this House who have spoken so well on many of the issues and their courage in defying the party line.
When the Bill goes to the Commons, a lot of people will debate in their hearts whether they put the national interest before the party interest. However, I have a point for my own party. It is time that the Labour Party stood for the national interest on this issue and opposed a hard Brexit. If all we are going to get is a hard Brexit, then we should have no Brexit at all.
My Lords, it may surprise them, but I begin by congratulating and thanking the Government Front Bench. I congratulate the ministerial team on passing the first test of successful politicians: they have survived, and that is a signal achievement. I also thank them for at no point suggesting that your Lordships’ House should not pass amendments. During previous Administrations, it has been common, even at this stage, for Ministers on the Front Bench to stand up, on amendment after amendment, saying, “This should not be passed because the Bill has been through the Commons and the House of Lords should simply do what the Commons has instructed”. It must have been extremely tempting for the Government Front Bench to say that repeatedly as the Bill has gone through. It reflects well on the House that Ministers have not done so, and I thank them for that.
I should like also to thank my team, both in the Chamber and our staff supporting us, on what has been a tiring process—in particular, Elizabeth Plummer and Sophie Lyddon, who worked exceptionally hard.
As the Bill leaves your Lordships’ House, it faces an unclear future. We do not, for example, even know when it is going to be taken in the Commons. Certainly, it is not going to be taken until June. This begins to set the seal on what will be a huge challenge for the rest of the year, because the Bill presages 1,000 statutory instruments, many of which need, I assume, to be in place before the Government’s preferred exit day in March next year. The Government are also committed to bringing forward a whole range of other Brexit-related Bills before that deadline. They even have to bring forward a Bill to disapply the vast bulk of this Bill during the transition period. We are in for a very difficult period. I am not going to embarrass the Minister by asking how he hopes to get through this legislative logjam, because I know he does not know and in any event that is for another day. Today, all we can do is send the Bill to the other place and wait for the explosions.
(9 years, 10 months ago)
Lords ChamberMy Lords, the Treasury is keeping records and noting the number of businesses. There are a record number of private sector businesses in the country at the moment, with an increase of 760,000 compared to 2010. There is of course a whole raft of measures, from having a long-term economic plan that has kept interest rates low to much more specific measures to support small business, which is helping this phenomenal growth.
My Lords, can the Minister, in praising the Government’s economic record, explain to the House why if entrepreneurship has flourished so much in this country we have one of the largest trade deficits in the world, at 6% of GDP?
My Lords, we have had a trade deficit for a very considerable time. One of the reasons we have such a large deficit now is that the amount of net income from UK investments abroad has fallen dramatically, not least because a lot of foreign companies have been investing here. However, the Government have set an ambitious target for increasing exports. By common consent, UKTI is far more focused in what it is doing than it has ever been. We are seeing an increasing number of British companies exporting to an increasing number of countries.
(10 years, 1 month ago)
Lords ChamberMy Lords, the Government are committed to that 2% for the remainder of this Parliament and into the next Parliament and to keeping the defence equipment budget growing. Any commitments in the medium term beyond that are commitments that the parties will be making in their manifestos.
My Lords, has the Minister read the analysis in Monday’s Financial Times which shows that, on the basis of what at least the Conservatives are proposing, the implications in the next Parliament for non-protected departments will be a budget cut of one-third? What might be the impact of this analysis on the defence budget? Does he believe that the Prime Minister’s assurances to the defence community carry any credibility whatever?
My Lords, I did read the Financial Times article. It is fair to say that all the parties going into the next election will have different views about how to bear down on the deficit. The Conservatives have one view and the Liberal Democrats have a different view as to where the balance between expenditure cuts and tax rises should fall. I have no idea what the Labour view is.