(7 years, 6 months ago)
Lords ChamberAs I have said, we believe there is good will on all sides to look at the status of both EU nationals in the UK and UK nationals in member states. We consider this a priority. We believe it is something on which we will have very constructive early discussions with our European partners. We have also said in relation to NATO—the Prime Minister discussed this over lunch—that we want to encourage other European leaders to deliver on their commitment to spend 2% of their GDP on defence. We believe that a number of European countries are actively considering that and will be looking to do it in due course.
My Lords, is it correct, as reported in the newspapers, that the Spanish leader has indicated that he would be very happy for British residents in Spain to enjoy the same rights as they do at present? If that is the case, is it not wrong to criticise the Prime Minister for arguing that we should get on with moving Article 50 so that there is an opportunity for those negotiations to continue? Could not the criticism that the Prime Minister should take a moral lead apply equally to the Spanish Prime Minister or to any of the other European leaders? The problem here is Europe refusing to guarantee the position of British citizens in Europe. My right honourable friend the Prime Minister is surely right to think about them as well as EU citizens living here.
Certainly, the fact that the Prime Minister and the Prime Minister of Spain had constructive discussions is very positive. As I said, it shows that there is good will on all sides to try to resolve this matter as quickly as possible.
(7 years, 8 months ago)
Lords ChamberWill my noble friend confirm that the Government accept the OBR’s figure, which is that each week’s delay in leaving the European Union costs British taxpayers more than £250 million? Therefore, will she ignore those who argue that we should delay beginning the Article 50 process?
On the subject of those European citizens who are currently living in Britain, will she reject the appalling tactics by the President of the Commission who seeks to turn it into some bargaining position? As these families gather for Christmas, would it not be right for the Government to make it clear that they will be able to stay here and continue to work and make a contribution to this country? Surely that makes sense. If the Government believe that it is a bargaining position, how on earth will they be able to exercise the rejection of these people from our country, which would carry no support in any corner of this House?
I hope I have made it clear that the Prime Minister has been very clear that her objective remains wanting to give reassurance. We have made our intentions clear and we need other European leaders to match our commitment. My noble friend is absolutely right that we need to provide certainty where we can, which is why the Prime Minister has once again reiterated to our European partners that we will be triggering Article 50 before the end of March.
(7 years, 9 months ago)
Lords ChamberThe independent House of Lords Appointments Commission does an effective job in recommending candidates for non-party peerages and vetting for propriety all life Peer nominations, including those nominated by the UK political parties. It is right that the leaders of those political parties remain accountable for their nominations.
My Lords, I am very grateful to my noble friend for that Answer but it does not answer my Question. Non-party nominations to this House are subject to a rigorous interview process by the Appointments Commission, which looks at whether or not they have the time and the necessary skills, and looks at the overall pattern of appointments to the House in order to ensure diversity and a range of skills. Why on earth should that not happen to party-political nominations? I can think of no other appointments in this country which do not have some kind of interview to assess suitability.
As I said to my noble friend, we believe that it is for political parties to be accountable for the Members appointed to their Benches, and that they should be responsible for ensuring that the people they nominate make an effective contribution. We believe that the current remit of the commission does an effective job in striking the balance between recommending independent candidates, ensuring the propriety of all nominees and maintaining the accountability of political parties for their nominations.
(7 years, 9 months ago)
Lords ChamberOrder. It is the turn of the Conservative Benches.
My Lords, while congratulating the Chancellor on his excellent Statement committing to building more housing, can I ask my noble friend what is to be done about the decision by the European Banking Authority to increase the capital weighting required for loans to small housebuilders from 100% to 150%, which is greater than is required for unsecured credit card debt and will result in less availability of money for builders to build and also require banks to make provision for their existing loans? I declare my interest which is on the register.
(7 years, 9 months ago)
Lords ChamberMy Lords, I am under no illusions about the task that we have ahead and the role this House will play in scrutinising legislation relating to Brexit. As I said, noble Lords have already taken a constructive approach in dealing with the debates we have had so far, and I have faith that this will continue. As I said to the noble Lord, Lord McNally, we are also reliant on self-regulation and discipline to ensure the passage of legislation. We hope that that will continue.
After what the noble Lord, Lord Jones of Birmingham, said on the “Today” programme this morning, could my noble friend confirm that this House is acutely aware of the supremacy of the other place and always will behave accordingly? I congratulate her on persuading her colleagues to accept this position. Could she make it absolutely clear that this position has been reached on the understanding, because of her advocacy, that the House continues to do so, as everyone here is determined that it will?
I thank my noble friend for that question, and I can indeed confirm that.
(8 years, 6 months ago)
Lords ChamberThis proposed scheme has nothing to do with sharia law. It is about ensuring that all young people have access to university. We are very keen to try to ensure that we can provide a product that will help them to do so.
My Lords, can my noble friend explain exactly how this product will work?
I am happy to. The takaful model will operate as a type of mutual fund. Students will apply for finance from the fund the same way that they would apply for an equivalent student loan and will enter a contract promising to repay a contribution. When they are earning above the repayment threshold, as with an equivalent student loan, they will make their contributions, which will be used to fund the education of future students. It is a type of mutual fund, which is why BIS cannot introduce it without primary legislation, as the Secretary of State does not have those powers.