Saving Gateway Accounts Bill. Lords Report stage. Bill, as amended, ordered to be printed (HL Bill 52).
Saving Gateway Accounts Bill
About these Parliamentary proceedings
Reference
711 c657-82Session
2008-09Legislative stage
Report stageChamber / Committee
House of Lords chamberRelated items
Saving Gateway Accounts Bill. As amended in Grand Committee.
Tuesday, 21 April 2009
Bills
House of Lords
Tuesday, 21 April 2009
Bills
House of Lords
Proceeding contributions
Baroness Noakes | 711 c658 (Link to this contribution)
Amendment 2
2: Clause 4, page 3, line 28, at end insert—
"( ) Regulations may not require an accoun...
Baroness Noakes | 711 c658-9 (Link to this contribution)
My Lords, in moving the amendment, I shall speak also to Amendments 5, 6 and 8 in this group. These ...
Show all contributions (45)
Lord Myners | 711 c657-8 (Link to this contribution)
My Lords, it is a pleasure to start our Report stage consideration of the Saving Gateway Accounts Bi...
Baroness Noakes | 711 c658 (Link to this contribution)
My Lords, when I moved a similar amendment in Grand Committee, it did not meet with instant success,...
Lord Myners | 711 c657 (Link to this contribution)
Clause 4: Requirements relating to accounts
Amendment 1
1: Clause 4, page 3, line 28, at end inser...
Baroness Noakes | 711 c661-2 (Link to this contribution)
My Lords, the Minister disappoints me. I invited him to give a rationale for having this very wide, ...
Baroness Noakes | 711 c662 (Link to this contribution)
Clause 10: Account ceasing to be Saving Gateway account
Amendment 9
9: Clause 10, page 5, line 21,...
Baroness Noakes | 711 c662 (Link to this contribution)
My Lords, the amendment would add an additional subsection to Clause 10, which deals with accounts c...
Baroness Noakes | 711 c660 (Link to this contribution)
My Lords, I am most grateful to the Minister for placing on the record the assurances that have been...
Lord Myners | 711 c659 (Link to this contribution)
My Lords, I welcome the explanation of the intention behind the amendments. I must, of course, be ca...
Baroness Noakes | 711 c660 (Link to this contribution)
Clause 8: Maturity payments
Amendment 7
7: Clause 8, page 4, line 36, after "pence)" insert "not e...
Lord Myners | 711 c660 (Link to this contribution)
Amendments 3 and 4
3: Clause 4, page 3, line 29, after "Regulations" insert "under subsection (2)(c...
Lord Myners | 711 c661 (Link to this contribution)
My Lords, this amendment would prevent regulations from setting a match rate of higher than £1 from ...
Baroness Noakes | 711 c660-1 (Link to this contribution)
My Lords, Amendment 7 would amend Clause 8 so that the maturity payment may be at the rate of no mor...
Baroness Noakes | 711 c666-7 (Link to this contribution)
Clause 12: Recovery of Payments by HMRC
Amendment 11
11: Clause 12, page 6, line 7, at end insert—...
Lord Myners | 711 c665-6 (Link to this contribution)
My Lords, as I indicated in our debate on this matter in Committee, I agree with the noble Baroness ...
Baroness Noakes | 711 c666 (Link to this contribution)
My Lords, I thank the noble Lords, Lord Newby and Lord Morgan, for their support for my amendment. I...
Baroness Noakes | 711 c663 (Link to this contribution)
I beg leave to withdraw the amendment.
Amendment 9 withdrawn.
Lord Myners | 711 c663 (Link to this contribution)
My Lords, that is rather a good point. I shall go away and talk to officials about that. I thank her...
Baroness Noakes | 711 c663 (Link to this contribution)
My Lords, I am grateful to the Minister for explaining how the Government intend to strengthen the d...
Lord Morgan | 711 c665 (Link to this contribution)
My Lords, there is a good deal of weight behind this amendment. First, the suggestion that the Treas...
Lord Newby | 711 c665 (Link to this contribution)
My Lords, I spotted the noble Baroness’s amendment in Committee and I spot the substance of it now. ...
Baroness Noakes | 711 c664-5 (Link to this contribution)
My Lords, Amendment 10 would insert a new clause before Clause 11 setting out a requirement for annu...
Baroness Noakes | 711 c663-4 (Link to this contribution)
Amendment 10
10: Before Clause 11, insert the following new Clause—
"Annual report
(1) The Treasury...
Baroness Noakes | 711 c673 (Link to this contribution)
My Lords, can the Minister remind us how long that rate applied for?
Lord Myners | 711 c673-4 (Link to this contribution)
My Lords, on reflection, I think that it applied for about as long as the credibility of the economi...
Baroness Noakes | 711 c671 (Link to this contribution)
My Lords, Amendment 13 would add a new subsection to Clause 16. Clause 16 in effect allows saving ga...
Lord Myners | 711 c672-3 (Link to this contribution)
My Lords, as the noble Baroness said, the amendment relates to the maturity of saving gateway accoun...
Baroness Noakes | 711 c670 (Link to this contribution)
My Lords, I thank the Minister for that explanation and for stating clearly how the Government inten...
Baroness Noakes | 711 c670-1 (Link to this contribution)
Clause 16: Transfer of funds on account ceasing to be Saving Gateway account
Amendment 13
13: Clau...
Baroness Noakes | 711 c667-8 (Link to this contribution)
My Lords, in moving Amendment 11, I shall also speak to Amendment 12. Both amendments relate to Clau...
Lord Myners | 711 c668-70 (Link to this contribution)
My Lords, I know from our debate at Grand Committee that these matters are of concern to the noble B...
Baroness Noakes | 711 c674-5 (Link to this contribution)
My Lords, I thank the Minister for that response. I shall not forgive him for jousting about interes...
Lord Myners | 711 c680-1 (Link to this contribution)
My Lords, I thank the noble Baroness, Lady Noakes, the noble Lord, Lord Newby, and my noble friend L...
Baroness Noakes | 711 c681 (Link to this contribution)
With respect, my Lords, it is for me to withdraw my amendment before the noble Lord moves his. I tha...
Lord Myners | 711 c681 (Link to this contribution)
Clause 27: Orders and regulations
Amendment 19
19: Clause 27, page 13, line 14, after "or (5)" ins...
Lord Myners | 711 c682 (Link to this contribution)
My Lords, this amendment increases the parliamentary scrutiny of the use of the regulation-making po...
Baroness Noakes | 711 c676-7 (Link to this contribution)
Amendment 15 (to Amendment 14)
15: Before Clause 26, line 13, at end insert—
"( ) whether the provi...
Lord Newby | 711 c679 (Link to this contribution)
My Lords, I am grateful for the Government bringing forward this amendment. I supported the broadly ...
Lord Morgan | 711 c679-80 (Link to this contribution)
My Lords, I support my noble friend’s amendment, which, in general, seems to be important and sound ...
Lord Myners | 711 c675-6 (Link to this contribution)
My Lords, in Committee we had a very useful debate on the importance of ensuring that the saving gat...
Baroness Noakes | 711 c682 (Link to this contribution)
My Lords, the Minister said that I tabled amendments in Grand Committee to achieve the same effect a...
Baroness Noakes | 711 c677-9 (Link to this contribution)
My Lords, I thank the Minister for tabling his amendment in response to our debate in Grand Committe...
Lord Myners | 711 c675 (Link to this contribution)
Amendment 14
14: Before Clause 26, insert the following new Clause—
"Review and report to Parliamen...
Lord Myners | 711 c663 (Link to this contribution)
My Lords, I understand the noble Baroness’s concerns in this area and, since our debate on this matt...
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