Lord Hay of Ballyore
Main Page: Lord Hay of Ballyore (Democratic Unionist Party - Life peer)(4 years, 1 month ago)
Lords ChamberAbsolutely, the noble Baroness makes a very good point. That is why it is up to the Northern Ireland Executive to move forward as fast as they can to honour the payments that should be made to the victims; that is for the Executive, not the UK Government.
My Lords, it was deplorable that Sinn Féin was allowed to hold this pensions scheme up for so long, and some victims have suffered serious financial loss because of the long delay in establishing the scheme. For many victims, the worry is that the scheme could be further frustrated by the lack of funding. The major part of the funding, of course, will come from the Northern Ireland Executive. However, let me say to the Minister that the Northern Ireland Executive will not have all the funding for this scheme. As the scheme will apply right across the United Kingdom, will the Treasury also provide some funding? I think it is the Treasury’s duty to part-fund this particular scheme, because it goes right across this United Kingdom.
As I said earlier, we believe that the funding is adequate, and the funding of the scheme, as I say, comes from the block grant. Of course, I should make the point that we are not entirely sure yet how much is required. That is a matter for the board to take forward and understand: the number of victims and how much is required.