Capital Requirements (Amendment) (EU Exit) Regulations 2018

Lord Harris of Haringey Excerpts

Wednesday 19th December 2018 Lords Chamber

[Lord Trefgarne (Con)]

My Lords, I wonder if the noble Lord would like to refer to the reports of the Secondary Legislation Scrutiny Committee, which has considered all these measures. The answers to his questions are in those reports.

[Lord Harris of Haringey (Lab)]

My Lords, further to the point made by my noble friend Lord Foulkes, this has obviously taken up barely a minute or two of your Lordships’ House’s time, but could the Minister tell us how many other such instruments he expects to bring in a similar vein to this House and through the procedures that the noble Lord, Lord Trefgarne, mentioned? How much time does he therefore expect the House to have to devote to these matters?

[The Minister of State, Department for International Development (Lord Bates) (Con)]

We are in the process of preparing, which any responsible Government should do, for the no-deal situation, which is not what we want. We want the deal to go through, but we have to prepare for every eventuality. I commend the work of my noble friend’s committee in providing very detailed scrutiny of these regulations, as I also commend those Members who did actually attend Grand Committee on 12 December and provided that scrutiny in person.