"To ask His Majesty’s Government what assessment they have made of the adequacy of Lloyds Bank’s investigation of fraud at HBOS; and when they expect Dame Linda Dobbs’s review of the fraud to be completed and published...." Lord Sikka - View Speech
"My Lords, I thank the Minister for his reply. It would be helpful to have a bit of background. Fraud at HBOS goes back to 2002. The regulators did little. In 2017, the Thames Valley Police and Crime Commissioner secured six criminal convictions. Still the FCA, SFO and the police …..." Lord Sikka - View Speech
"My Lords, I thank my noble friend Lady Alexander of Cleveden for securing this important debate. I never had the honour of meeting Imran Khan but, like millions of other cricket fans, I am grateful for the pleasure that he has given us over so many years.
"My Lords, there is nothing in the Companies Act to say that shareholders own companies. They may have controlling rights, but that is not the same as ownership. Besides, shareholders may have short-term interests in companies; therefore, is it somewhat foolish to leave them with the control to direct companies. …..." Lord Sikka - View Speech
"My Lords, what a heroic task this Chamber has undertaken in us having seven minutes to explore 560 pages of the Finance (No. 2) Bill, 481 pages of Explanatory Notes, 131 pages of related OBR analysis and 152 pages of Treasury statements and related policies. On top of that, there …..." Lord Sikka - View Speech
"My Lords, it is a sad day to be speaking on the Conservative amendment objecting to a rise in the minimum wage. I support the rise in the minimum wage and the acceleration of the rate for younger workers, who bear the full cost of living. The product of their …..." Lord Sikka - View Speech
"My Lords, I support this Bill, though I am disappointed that some oppose lifting people out of poverty while constantly supporting greater spending on the welfare of corporations and the super-rich.
Eradication of child poverty could boost the UK economy by around £40 billion a year. Children in poverty struggle …..." Lord Sikka - View Speech