Speech in Grand Committee - Thu 20 Nov 2025 Private Equity
"My Lords, I am grateful for this opportunity to revisit one of the darker corners of the financial services sector and to see what has altered since noble Lords last debated the issue in 2022. The excellent Library brief defines private equity as “a managed fund”, aiming to secure “a …..." Lord Monks - View Speech
"My Lords, I oppose Amendment 147. The compromise formula that my noble friend Lord Barber has just talked about was a very practical solution to a tricky problem in the period when the noble Lord, Lord Burns, and his committee did such good work. However, I take issue with his …..." Lord Monks - View Speech
"My Lords, I am grateful to my noble friend Lord Hendy for directing our attention to collective bargaining, its historic importance in our national life and its relevance today.
Many in this Chamber today might know that the hero of establishing that collective bargaining system, which has been talked about …..." Lord Monks - View Speech
"I was just sitting here looking at the noble Lord, a member of Mrs Thatcher’s Cabinet, with another one over there, the noble Lord, Lord Deben. When they passed a major piece of legislation, were there were any cases where you went to Mrs Thatcher and said, “Can we have …..." Lord Monks - View Speech
"I will not be specific about it because I do not want to generally insult people, but over the years, there has been some dodgy funding of the Conservative Party. Maybe something has been done about it; maybe it has not. The noble Lord will tell us in a moment, …..." Lord Monks - View Speech
"I was around when the noble Lord, Lord Burns, was chairing his committee and I was involved on the fringes of some of the work that was done. From the unions’ side, we appreciated very much what he did and the work the committee did with his colleagues. Getting that …..." Lord Monks - View Speech
"I look forward to that degree of clarity in Conservative Party funding. We could all be enlightened by the explanation that I believe is about to come. We are talking about an amount of—..." Lord Monks - View Speech
"My Lords, I do not doubt that critics of this part of the Bill speak with a lot of personal experience as well as commitment to their employees and the way they run their affairs. However, let me remind people that the argument that is really coming from the other …..." Lord Monks - View Speech