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Speech in Grand Committee - Mon 28 Apr 2025
Governance of the Union (Constitution Committee Report)

"My Lords, the Constitution Committee has published a number of insightful reports on the governance of the union. Among the most significant was the 2022 publication Respect and Co-operation: Building a Stronger Union for the 21st Century. This report meticulously highlighted the worrying deterioration in …..."
Baroness Drake - View Speech

View all Baroness Drake (Lab - Life peer) contributions to the debate on: Governance of the Union (Constitution Committee Report)

Speech in Grand Committee - Mon 28 Apr 2025
Governance of the Union (Constitution Committee Report)

"That the Grand Committee takes note of the Report from the Constitution Committee The Governance of the Union: Consultation, Co-operation and Legislative Consent (1st Report, HL Paper 13)...."
Baroness Drake - View Speech

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Speech in Grand Committee - Mon 28 Apr 2025
Governance of the Union (Constitution Committee Report)

"My Lords, I will not keep you too long. I thank my noble friend Lady Anderson for her fulsome reply. It is much appreciated. I think my noble friend Lady Andrews and I feel that there is a certain timidity on the positive engagement principle: having drafted something in 2022 …..."
Baroness Drake - View Speech

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Speech in Grand Committee - Wed 23 Apr 2025
Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 2025

"Yes, reserves. Taking into account that and the levy reduction, it triggers the need to reflect that it is equally important to have regard to what is a fair striking of the balance between levy payer and member interests. This is the issue that I want to pause on, because …..."
Baroness Drake - View Speech

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Speech in Grand Committee - Wed 23 Apr 2025
Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 2025

"My Lords, I refer to my interest as a trustee of a defined benefit pension scheme. I thank my noble friend Lord Davies for facilitating this debate.

Two of the restrictions placed on the PPF by the Pensions Act 2004 are, first, the levy ceiling and, secondly, that any increase …..."

Baroness Drake - View Speech

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Speech in Lords Chamber - Sat 12 Apr 2025
Steel Industry

"My Lords, the Prime Minister is absolutely right to move quickly and ask Parliament to approve powers to protect and secure the UK steel industry. Urgent action today, which is what is before us, is absolutely in the interests of the nation and those communities where steel is such an …..."
Baroness Drake - View Speech

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Speech in Grand Committee - Tue 25 Feb 2025
Social Security Benefits Up-rating Order 2025

"My Lords, I refer to my entry in the register of interests as a trustee of pension schemes, and I thank the Minister for her clear explanation of the two statutory instruments before us.

I want to raise an issue concerning the Guaranteed Minimum Pensions Increase Order 2025. Given the …..."

Baroness Drake - View Speech

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Speech in Lords Chamber - Tue 04 Feb 2025
Pension Fund Reliefs

"My Lords, the Government’s recent announcement on measures to spur growth will increase the supply of infrastructure and productive investment for pension funds to invest in, but the fragmented nature of UK pension provision can hamper its ability to invest in such assets—in many instances, it cannot deal with the …..."
Baroness Drake - View Speech

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Speech in Grand Committee - Mon 21 Oct 2024
Pensions Regulator Defined Benefit Funding Code of Practice 2024

"My Lords, I declare my interest as a DB pension scheme trustee as recorded in the register. I thank my noble friend Lord Davies for securing this debate. This is an important code, and it should not pass without comment.

As the Explanatory Memorandum and my noble friend observe, while …..."

Baroness Drake - View Speech

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Speech in Lords Chamber - Mon 22 Jul 2024
King’s Speech (4th Day)

"My Lords, I declare my interest as a trustee of DB—defined benefit—and master trust pension schemes.

The Government’s mission to deliver sustained economic growth conveys an energy and purpose that I truly believe the country needs. Investment in the UK has been too low. The perception of government instability has …..."

Baroness Drake - View Speech

View all Baroness Drake (Lab - Life peer) contributions to the debate on: King’s Speech (4th Day)