(2 years, 11 months ago)
Lords ChamberMy Lords, I understand the worries of the noble Baroness, Lady Deech, about including or not including matters that relate to medical science and the slaughter of animals by ritual, religious methods. But unless I am much mistaken—the Minister will correct me if I am wrong—the Act that deals with the slaughter of animals specifically exempts ritual slaughter from what would otherwise be illegal. By the same token, we have legislation that deals with medical experiments which already tightly controls what may or may not be done. I cannot see, therefore, that the amendment being advocated can have any real substance to it, given those restrictions, and also bearing in mind that the committee that is being set up, although it is being set up by statute, does not have legal powers of any kind whatever. It will be entirely up to the relevant Ministers whether or not they accept any recommendations from that committee. In order to change the rules about medical science or the slaughter of animals, I believe there would have to be primary legislation. I hope my noble friend can confirm this.
My Lords, I intervene briefly to support Amendment 2 in the names of my noble friends Lord Mancroft and Lord Marland. I also wish my noble friend a speedy recovery from Covid. As my noble friend Lord Marland, who spoke so convincingly to the amendment, said, the animal sentience committee will be both judge and jury. My worry is that it will also be legislator, since it seems to me almost certain that, in the way the Bill is currently drafted, it is likely to stray into the area of scrutinising policy as well as process.
I remain worried that the committee will also overlap with the work of the Animal Welfare Committee, as the Countryside Alliance and other institutions that actually understand nature and animal behaviour have pointed out. This committee is likely to be comprised of people who may have a huge understanding of matters of science and parts of the countryside but lack the experience to really appreciate the relationship between the countryside and the animal kingdom.
What about this animal welfare centre of expertise? I understand it is supposed to settle points of dispute with other committees. Which other committees is the new committee likely to be in dispute with? Obviously, it will be the Animal Welfare Committee. I cannot, for the life of me, understand why we would wish to create an animal sentience committee which is obviously going to cover points that are already covered by the Animal Welfare Committee. I thought that, under this Government, we were likely to see some rationalisation and reduction of the number of committees and quangos being established. I regret very much that it looks as though we are likely to see the reverse.
I would also like to comment on Amendment 27, in the name of the noble Earl, Lord Kinnoull, spoken to very well by the noble Baroness, Lady Deech. My noble friend Lady Fookes has just pointed out, quite correctly, that there are already exemptions for medical science in some legislation, but I think those exemptions are very much narrower than the exemptions that would be achieved by the amendment in the name of the noble Earl. The amendment is quite welcome, and I strongly support it, particularly as, having spent many years in Japan, I came to be very partial to Japanese cuisine. I fear that most methods used, including in this country by Japanese restaurants, to kill fish might fall foul of the opinions of the animal sentience committee. I think it could easily lead to a lot of unwelcome interference.
I also very much welcome the speech by my noble friend Lord Moylan, who explained so well that the sentience of animals is different from that of us. It is relative, and nobody would argue that the sentience of a dog is the same as that of a lobster.
I also strongly support Amendment 48, because to set up a statutory committee of this kind without including a schedule clearly setting out the committee’s role and functions is bound to lead to trouble.
(3 years, 8 months ago)
Grand CommitteeThe next speaker is the noble Viscount, Lord Trenchard.
I believe the noble Viscount is muted. Would he be kind enough to unmute?
[Inaudible]—Amendment 45 in the names of my noble friends Lady Noakes and Lord Holmes of Richmond, and of the noble Baroness, Lady Bowles of Berkhamsted. We are midway through the process of transitioning from the familiar Libor benchmarks, the replacements for which have become more necessary since banks’ funding patterns have changed following the financial crisis. My noble friend Lord Holmes already asked the Minister what he thinks about synthetic Libor. I would also be most interested to hear his reply on that.
The Investment Association welcomes the additional powers for the FCA in the Bill as it will be better able to manage the transition, which should help to mitigate the uncertainty for holders of derivative contracts. There is the additional uncertainty caused by the existence of only temporary equivalence between UK and EU benchmark regulations. It is to be hoped that the EU will soon adopt the European Council’s recommendation to extend the transitioning period for third-country benchmark administrators to the end of 2025.
My noble friend’s Amendments 44 and 45 would be helpful improvements to the Bill, by making it clear that changes to benchmarks made by the FCA will apply to contracts made under benchmarks being revised. Rightly, they offer a safe harbour protecting parties to such contracts from legal actions resulting from benchmark changes. It is encouraging, as I mentioned, that the Investment Association supports this part of the Bill and I welcome these powers being handed to the FCA. My noble friend’s amendments would improve and reduce the risks inherent in exercising these powers and I support them.