Speech in Grand Committee - Thu 20 Nov 2025 Private Equity
"My Lords, I thank my noble friend Lord Monks for introducing this debate on an important subject and the noble Baronesses, Lady Stedman-Scott and Lady Moyo, for their interesting contributions. They presented a powerful case in favour of private equity, but there is another side to the story. My noble …..." Lord Davies of Brixton - View Speech
"May I welcome my noble friend’s clear statement that the purpose of a pension fund is to provide pensions and not to assist the better-off in estate planning? Does he agree with me, given the frequent press comment that inheritance tax is, in many senses, a voluntary tax, that anyone …..." Lord Davies of Brixton - View Speech
"My Lords, we must thank the noble Lord, Lord Elliott of Mickle Fell, for introducing this debate. I welcome the opportunity to have a debate on these important issues; my main question is on what has been missing from it, which is any reference to 14 years of Conservative government.
"We owe a debt of gratitude to the noble Lord, Lord Alton, for placing this item for us to discuss. I have to admit a certain inadequacy. I thought when I put my name down that there would be many other speakers, and I wish to raise only a particular, …..." Lord Davies of Brixton - View Speech
"My Lords, I expressed considerable concern about this part of the Bill in Committee. I have studied the amendments that have been put forward and, like the noble Baroness who has spoken on behalf of the Liberal Democrats, will reserve my position, since we can come back to this. The …..." Lord Davies of Brixton - View Speech
"I have already taken the opportunity to reiterate the concerns I have expressed about parts of the Bill. I find myself in the somewhat against-the-grain position of agreeing with much of what was said on behalf of the Opposition. Amendment 26 seems to me entirely reasonable, given the level of …..." Lord Davies of Brixton - View Speech
"I express my support for my noble friend on the points made by the noble Baroness. There is an issue here that needs to be resolved. There is also a broader issue that I ask my noble friend to respond on: the use of private equity funds in pension schemes. …..." Lord Davies of Brixton - View Speech
"I think it is worth reminding the House that I spent my entire working life in the financial services industry in one form or another, and I am afraid to say that my practical experience of the industry has made me a sceptic of much of the promotion provided by …..." Lord Davies of Brixton - View Speech
"The speeches that have been made in this debate about an important issue are clear, and I strongly support those made on this side of the House. Because of the exigencies of where the issue arises in our consideration of the Bill, I have tabled manuscript Amendment 147A. Noble Lords …..." Lord Davies of Brixton - View Speech
"My Lords, I too welcome the commission, chaired by my noble friend Lady Drake, and the timetable; a two-year period for something of this importance is right. It gives the possibility of legislation in the current Parliament, so perhaps I will be here to take part in it. Given the …..." Lord Davies of Brixton - View Speech