Crown Estate Bill [HL]

Debate between Lord Livermore and Lord Berkeley

3rd reading
Monday 18th November 2024 Lords Chamber

[The Financial Secretary to the Treasury (Lord Livermore) (Lab)]

My Lords, this Bill focused on modernising the Crown Estate by removing existing limitations that hamper its ability to compete and invest as a commercial business and to ensure it has a sustainable financial future for years to come. In doing so, it supports the Crown Estate to build on its strong track record of creating long-term shared prosperity for the nation.

I thank all noble Lords who have given their time and expertise to scrutinise the Bill during its passage through your Lordships’ House, genuinely strengthening the Bill in the process. Specifically, I formally thank the noble Baroness, Lady Vere, for her constructive engagement and scrutiny—in particular, on the partnership between the Crown Estate and Great British Energy and the disposal of national assets. On the latter, the Government are continuing to advance this in relation to the seabed with legal experts and will progress it in the other place if necessary. On pre-appointment scrutiny, which the noble Baroness also raised, my officials are continuing to engage with the Cabinet Office, as discussed at Report.

I sincerely thank the noble Baroness, Lady Kramer, for her engagement on the Bill. She was instrumental in ensuring that this House had access to the draft memorandum of understanding, which improved the scrutiny we were able to give to the Bill. I also thank the noble Earl, Lord Russell, for the thoughtful scrutiny he provided throughout the debates.

On specific amendments, my thanks go to the noble Baroness, Lady Hayman, for her engagement on climate change, which resulted in a genuinely meaningful difference to the Bill; to the noble Lord, Lord Forsyth, on the important issue of salmon farming, where I recognise the strength of feeling in this House; and to my noble friend Lord Hain, for his amendment on the Crown Estate commissioners, which will ensure the commissioners continue to act in the best interests of Wales. I thank the noble Lord, Lord Young of Cookham, for his engagement around the law relating to ownerless land and the process of escheat.

Finally, I thank my Bill team, who behind the scenes put in a significant amount of time and effort—specifically, Sophie Gladman, James Watkinson, Ella Waters, David Fairbrother and Will Smith.

I am grateful for the engagement with the Bill and its broad support across all Benches, which will ensure that the Crown Estate can operate successfully for many more decades to come. I beg to move.

[Lord Berkeley (Lab)]

My Lords, I intervene briefly to congratulate my noble friend on getting this Bill as far as he has. I was very pleased to see that His Majesty the King has given consent to a Bill which will make him many times richer over the course of the next decade or so—that is good. I ask why the Duke of Cornwall has not been included in this. We have been debating his involvement for some time and it would be good to know whether the Duchy approved this Bill or not.

Crown Estate Bill [HL]

Debate between Lord Livermore and Lord Berkeley

Committee stage
Monday 14th October 2024 Lords Chamber

[Lord Livermore (Lab)]

I would like to be helpful to the noble Lord. I am told that the memorandum of understanding deals exclusively with borrowing powers, so it may not be the most appropriate vehicle to insert that into.

[Lord Berkeley (Lab)]

Before the Minister sits down, I have a very simple question to ask him. We have had a very interesting debate, and I have understood much of it, but who does the Crown Estate—and therefore the Duchy of Cornwall—report to? Is it the Government or Parliament? Who controls them, or are they a law unto themselves? In spite of the amendment tabled by the noble Baroness, Lady Smith, I do not think the King comes into it.

[Lord Livermore (Lab)]

It is a very good question, and I shall endeavour to find the answer and write to my noble friend.