Sharing Economy

Debate between Lord Haskel and Baroness Neville-Rolfe

Monday 17th October 2016 Lords Chamber

[Baroness Neville-Rolfe]

My noble friend is right: some innovative demonstration work is going on in Scotland and we are awaiting a report from Mr Hendry on a possible tidal lagoon in Swansea—and elsewhere.

[Lord Haskel (Lab)]

As the Minister knows, much of the investment and work in the sharing economy is intangible. What progress are the Government making on measuring that work, as recommended in the Bean report?

Employment: Remuneration

Debate between Lord Haskel and Baroness Neville-Rolfe

Thursday 8th September 2016 Lords Chamber

[Baroness Neville-Rolfe]

The noble Earl knows that I share his passion for innovation and R&D. I believe we need a governance framework that ensures a good sense of strategy and long-term planning, and that helps to encourage innovation and R&D.

[Lord Haskel (Lab)]

Some companies publish a ratio between the top salaries and the bottom salaries. As part of the Government’s consultation, are they going to seek some kind of standard—some kind of ideal ratio—for this sort of thing?

[Baroness Neville-Rolfe]

As the noble Lord will know, the devil is in the detail in these matters. Certainly however, requiring the publication of the ratio between the CEO’s pay and the relevant average is something we will be looking at. That is coming in in the United States in 2017, as he will know. We need to learn from that experience and, as I have said, try through our consultation to come to the right changes in this important area.