"My Lords, I very much agree with what the noble Lord, Lord Wallace, has just said, and I will add a couple of points. One is that in a committee system, every single member of the council has a role to play, has a function and is a part of …..." Lord Lucas - View Speech
"My Lords, it is utterly ridiculous that only 5% of UK pension funds are invested in the UK. The figure was 50% when I was a pension fund manager. The difference is entirely down to us as politicians. The solution is not to compel financial managers to do things; it …..." Lord Lucas - View Speech
"My Lords, I shall be living through the reality that my noble friend Lord Fuller has just outlined: in Eastbourne, we will be completely unparished. The people have been consulted and, having listened to my noble friend beforehand, decided that they do not want an unlimited precept in a town …..." Lord Lucas - View Speech
"My Lords, I had a large number of amendments to my noble friend’s amendment, but I have reduced them in the interests of simplicity and time.
As my noble friend Lord Jamieson has pointed out, at an earlier stage we were promised a government review of this area. To me, …..." Lord Lucas - View Speech
"My Lords, I am delighted to see this series of requests for reviews. I support my noble friend’s Amendment 157. I support also my noble friend on the Front Bench in his Amendment 159, which he will no doubt speak to in due course. It echoes what the noble Lord, …..." Lord Lucas - View Speech
"My Lords, we know that a much higher percentage of pension fund assets could happily be invested in UK assets; indeed, that was the case when I was managing pension funds. It is not the case now entirely because of what politicians have done to the system. We should seek …..." Lord Lucas - View Speech
"My Lords, I am grateful to the noble Baroness for that Answer, and I declare an interest as the father of a daughter who is currently accumulating these loans. Does the noble Baroness agree that, particularly for students whose courses are not of the quality required to generate returns of …..." Lord Lucas - View Speech
"My Lords, on behalf of my noble friend Lord Balfe, and at his request, I beg leave to ask the Question standing in his name on the Order Paper...." Lord Lucas - View Speech
"My Lords, it is a long time since I was managing big pension funds in the 1980s. In those days, we were in the happy position of considering it a bit underweight if you had less than half your money in British stocks; now, it is 5%. It is extraordinary …..." Lord Lucas - View Speech
"My Lords, I am grateful to the Minister for her comprehensive reply, much of which I completely agreed with. I take issue with only two points.
The first is the restriction of the impact assessment to independent schools. In understanding how regulations work and the effect they will have on …..." Lord Lucas - View Speech