"My Lords, consumer price inflation is only one measure of inflation. May I suggest that if in the run-up to the crash the Monetary Policy Committee had been looking at asset price inflation—..." Lord Maples - View Speech
"I have a couple of quick points on the ring-fencing proposal. Does what the Chancellor said last night mean that we have finally ruled out the idea of a complete split between investment banking and commercial banking? Secondly, does the Minister agree that for ring-fencing to work, the ring-fenced commercial …..." Lord Maples - View Speech
"My Lords, I am one of the growing group of people inside and outside Parliament who think that this whole policy is completely misconceived. Even if you believe and accept the link that the Climate Change Act makes between carbon emissions and world temperatures, surely the way that this policy …..." Lord Maples - View Speech
"My Lords, I agree with my noble friend that our aid programme and friendly relationship with Pakistan must continue. However, these events will alter that relationship and that of the United States with Pakistan, which is perhaps more important. First, I suspect there will be turmoil in Pakistan over what …..." Lord Maples - View Speech
"My Lords, may I suggest to my noble friend that the central issue here is the rate of growth of credit, which is at the bottom of all banking crises? It does not matter what system of regulation is in place if it does not bring the rate of growth …..." Lord Maples - View Speech
"My Lords, I, too, hope that the House will reject this amendment. The noble Lord, Lord Pannick, moved it in extremely reasonable and persuasive terms, but it is a bit of a split-the-difference amendment. There has been a call for a 20 per cent spread—10 per cent either way—in the …..." Lord Maples - View Speech
"The noble and learned Lord, Lord Falconer, asks why it should fall to Parliament to make this decision. It seems to me that it must, and that ultimately the will of the House of Commons should prevail but that obviously our views should be sought too. The nature of the …..." Lord Maples - View Speech
"That is not correct. The boundary commissions legislation states the number of seats in Scotland and Wales. In fact, the legislation says that there will be a minimum of 35 seats for Wales, whereas there are actually 40, and it also gives minimum numbers for Northern Ireland and Scotland. Therefore, …..." Lord Maples - View Speech