"I am grateful to the noble Baroness for her contribution. There was a lot there. There was a crumb of truth in the things she said, but I certainly do not accept the characterisation of any of the three points she made. She started by talking about risk-taking. Do we …..." Lord Livermore - View Speech
"I am always grateful to hear from my noble friend on all these topics. I disagree with him, as always. He said that the 2008 reforms are being repealed. I cannot see anywhere in the Chancellor’s statement where that is the case. As I have said clearly and as the …..." Lord Livermore - View Speech
"My noble friend sums up quite nicely the balance between rules and administration. We are maintaining many of the rules that were put in place, as I have tried to make clear this evening. We are maintaining the architecture that was put in place after the global financial crisis, but …..." Lord Livermore - View Speech
"I have already made it clear in previous answers that I disagree with that analysis. It is not at all how we see the financial services sector.
How are people going to benefit? I think the 1.2 million people employed in the financial services sector right across the UK will …..." Lord Livermore - View Speech
"I am grateful to my noble friend for his question, and I pay tribute to his experience in the industry that he outlined. I do not agree with his view of the industry. I am incredibly proud of the financial services sector in this country: it makes a massive contribution …..." Lord Livermore - View Speech
"As the noble Earl says, the Bank of England has operational independence to achieve the inflation target set by the Government. We absolutely support it in the work that it does to do that. However, it is absolutely the case that the Government’s fiscal policy has created the space for …..." Lord Livermore - View Speech
"I am grateful to my noble friend for his comments. He started his remarks on the reception for these reforms. I think there is quite a consensus that they are a sensible and proportionate attempt to rebalance the system in the way that he describes. He spoke specifically about the …..." Lord Livermore - View Speech
"My Lords, I am very grateful to the noble Baronesses, Lady Neville-Rolfe and Lady Kramer, for their questions and comments. I will do my best to address all the points they raised.
The noble Baroness, Lady Neville-Rolfe, spoke about the economy in general. She will be aware that we have …..." Lord Livermore - View Speech
"I am very grateful to my noble friend for her question and I pay tribute to her considerable expertise on these issues; I know she served as shadow Minister for Africa for several years. The Government fully agree that private creditors must play their part in debt restructurings. The Paris …..." Lord Livermore - View Speech
"My Lords, as set out in our manifesto, tackling unsustainable debt in low-income countries is a key development priority for this Government. We are working closely with partners to strengthen and speed up the G20 common framework to enhance debt transparency for debtor and creditors. We have set up the …..." Lord Livermore - View Speech