Capital Requirements (Amendment) (EU Exit) Regulations 2018

Lord Trefgarne Excerpts

Wednesday 19th December 2018 Lords Chamber

[Lord Foulkes of Cumnock (Lab Co-op)]

My Lords, I was unable to attend the Grand Committee. Will the Minister confirm whether this is yet another of the many hundreds of statutory instruments which we are having to consider in this House in the event of a no-deal exit from the European Union, which 17.4 million people did not vote for—because there was never any suggestion of there being a no-deal exit when that referendum took place? I hope the Minister will correct his statement on the previous regulations. This is something which is taking up a lot of our time in Grand Committee, and a lot of civil servants’ time, which could be used in more profitable activities.

[Lord Trefgarne (Con)]

My Lords, I wonder if the noble Lord would like to refer to the reports of the Secondary Legislation Scrutiny Committee, which has considered all these measures. The answers to his questions are in those reports.

[Lord Harris of Haringey (Lab)]

My Lords, further to the point made by my noble friend Lord Foulkes, this has obviously taken up barely a minute or two of your Lordships’ House’s time, but could the Minister tell us how many other such instruments he expects to bring in a similar vein to this House and through the procedures that the noble Lord, Lord Trefgarne, mentioned? How much time does he therefore expect the House to have to devote to these matters?