Financial Services Bill

Debate between Lord Oates and Earl Howe

Committee stage & Committee: 2nd sitting (Hansard) & Committee: 2nd sitting (Hansard): House of Lords
Wednesday 24th February 2021 Grand Committee

[Earl Howe (Con)]

My Lords, I failed to cover the Pension Schemes Act. I apologise to the noble Baroness. The Act provides a power to bring forward regulations, placing various obligations on pension schemes relating to climate change risks. The provisions in the prudential package of the Financial Services Bill do something slightly different. They place a duty on the regulators to have regard to certain matters and to explain how they have been considered, given that the Bill imposes duties on the regulators to make rules relating to Basel and the IFPR. I reassure the noble Baroness that my officials and I have considered these provisions carefully, as we have the other amendments discussed today.

As regards her main question, my point was simple. As yet, there is no international agreement on what the term “green” means. Therefore, we cannot say with certainty that greener means prudentially safer. I do not say that we will never be able to, but it is not possible at present.

[Lord Oates (LD)]

My Lords, I am grateful to all noble Lords for their thoughtful contributions to the debate. I thank and pay particular tribute to the noble Baroness, Lady Hayman, for her important leadership on these issues through Peers for the Planet which is recognised across the Committee. I also thank all noble Lords who signed or spoke in favour of amendments for their co-operative, cross-party approach.

In quoting the Government’s approach, the noble Baroness, Lady Hayman, paraphrased St Augustine: “Lord, make me greener, but not yet”. I thank the Minister for his comprehensive response and characteristic courtesy, but it felt a little complacent. One could also quote from St Paul—that it was about “the good that I would I do not”. There is no doubt about the Government’s intentions, ambitions and targets. We welcome and are impressed by them, but it is now reaching the point where we have to act.

Zimbabwe

Debate between Lord Oates and Earl Howe

Wednesday 11th March 2020 Lords Chamber

[Lord Oates]

To ask Her Majesty’s Government whether they have held ministerial-level discussions with European Union member states about the current economic crisis and food emergency in Zimbabwe.

[Earl Howe (Con)]

My Lords, we regularly discuss the deeply concerning economic and political situation in Zimbabwe with international partners, including EU member states. Her Majesty’s ambassador to Zimbabwe last met her counterparts from the EU, the United States, Japan, Switzerland, Canada and Australia on 26 February. The UK has committed £49 million to provide humanitarian assistance to the 570,000 Zimbabweans most in need of food, including through cash transfers.

[Lord Oates (LD)]

I thank the Minister for his Answer. As he will be aware, the situation in Zimbabwe is now absolutely desperate. This is principally as a result of the disastrous failings of the Government of Zimbabwe, compounded by drought and cyclones. Does the Minister agree that, in addition to the restrictive measures against individuals who abuse human rights and continue to loot the country, we also need a positive offer to give hope to the Zimbabwean people in their struggle for political and economic justice?

Will the Government therefore work with our European and other international partners to agree an economic rescue package—a Marshall plan—that would be made available to any Zimbabwean Government who met specified criteria, including restoring democratic civilian government, upholding the rule of law and demonstrating a commitment to the well-being of its people, rather than the personal enrichment of its Ministers?

[Earl Howe]

My Lords, I acknowledge the noble Lord’s long-standing and close interest in Zimbabwe and its people, and I agree that we must continue to give hope and encouragement to all those who want to see genuine political and economic change in Zimbabwe. However, we have to face the reality that no package of external support will deliver for the Zimbabwean people without fundamental reforms, as he rightly says. Therefore, the onus must remain on the Government of that country to demonstrate true commitment to change. So far, we have seen limited progress.

Investigatory Powers Bill

Debate between Lord Oates and Earl Howe

Report: 1st sitting (Hansard): House of Lords
Tuesday 11th October 2016 Lords Chamber

[Earl Howe]

I am not aware of that, but I can seek advice and let the noble Lord know when I have received it.

I do not believe that the amendments that the noble Baroness has tabled will achieve the outcome that she seeks. This clause deals with the interception of private telecommunication systems, such as a company’s internal email or telephone system. That is not, I think, what the noble Baroness is driving at, so I do not believe the amendment would be capable of being used as she intends.

That reflects a broader point that these issues should not really be dealt with in this Bill. I am all too well aware that many people suffered terribly at the hands of unscrupulous members of the media, and I have a great deal of sympathy with the noble Baroness, whose family, I know, suffered unspeakable wrongdoing by people who called themselves journalists. While we all agree that the outcome of Leveson and the proper regulation of the media are clearly important matters, the powers for law enforcement and the security and intelligence agencies provided in this Bill are vitally important, too. It is not right to try to deal with serious but largely unrelated matters in a Bill of this vital national interest.

[Lord Oates (LD)]

Is the Minister aware that very few people in this House think that this is the ideal way in which to deal with the issue? They think that the ideal way in which to deal with it is to implement Section 40. Is he also aware that, when he says that the Government have implemented many of the aspects of Leveson, the implementation of Section 40 was regarded as absolutely critical to the system working? It was not put in the Bill at the Government’s discretion; it was put in and regarded at the time by all the party leaders, who gave solemn undertakings to the victims, as absolutely critical.

[Earl Howe]

I accept the point that the noble Lord made about the agreement made in 2013 on a cross-party basis. If the noble Baroness chooses to withdraw the amendment, the clear message given out by the debate will not be lost on my right honourable friend the Secretary of State as he considers these matters.

What we have here is an attempt to insert a clause into a Bill that just happens to be passing to force an issue that has no direct bearing on the Bill in question, and I question whether that is an appropriate thing to do. Mechanisms are provided for in both Houses of Parliament to debate subjects of particular interest to parliamentarians, and perhaps that would be a better route by which to raise these matters.

I hope that I can reassure the noble Baroness that the Government continue to look closely at the cost provisions in the Crime and Courts Act, and respectfully urge her to withdraw the amendment and allow the Government to consider the issue thoroughly.