HBOS: Fraud Investigation
Debate between Lord Woodley and Lord Livermore(2 days, 10 hours ago)
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Lord Livermore (Lab)
As I have previously said, Lloyds Banking Group has reiterated the point that it will make the findings of Dame Linda’s review available when completed and will co-operate fully with Parliament. The noble Lord mentioned compensation. As I understand it, the independent Foskett Panel was established by Lloyds Banking Group in 2020, in part following engagement with the FCA and the Treasury, to determine the right level of compensation in individual cases. That review is independent. I understand that it has made its determinations and settled compensation for the majority of victims, but there are a few outstanding cases and I very much hope that this work will conclude in the near future.
Lord Woodley (Lab)
My Lords, can the Minister assure the House that the victims of this incredible £1 billion HBOS fraud will have the opportunity to challenge and correct the published version of the Dobbs review?
Lord Livermore (Lab)
I am afraid I do not know the answer to my noble friend’s question. I will very happily check and write to him in due course.
Public Sector Productivity
Debate between Lord Woodley and Lord Livermore(2 months, 3 weeks ago)
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Lord Livermore (Lab)
I am. We are investing £10 billion in digital technologies within the NHS. We have introduced a 2% efficiency and productivity target in the NHS for each year of this Parliament. That is supported by the Government’s 10-year health plan for England, which will improve outcomes for patients and deliver better value for money for taxpayers. The noble Lord is absolutely right that digital technologies and their adoption is vital to that. As I say, that is why we have invested £10 billion in it. We are moving more healthcare into the community and we are focusing more on the prevention of illnesses.
Lord Woodley (Lab)
My Lords, in a recent pilot of private sector companies which were working a four-day week, over 90% chose to keep these arrangements because of seriously increased productivity. Does the Minister agree that this should be expanded to the public sector, as called for by the trade unions?