Bank of England and Financial Services Bill [HL]

Perhaps I could be helpful on that point. As the noble Lord will remember, this legislation is ad...

The balance would change if we do what the Chancellor has decided to do—to reduce it to seven—but...

Would the Minister remind us how many responses there were to that consultation?

There were not that many, but I cannot tell the noble Baroness the exact number.

I think the number was 14. Most people did not know it was there.

So clearly it was not a burning issue. As my noble friend Lord Flight said, no member of the cour...

Does that not make the point that it would give a clear majority to the external members?

It would also be considerably smaller than what we propose today—which is one of the problems bro...

I am afraid we have not heard any kind of compelling explanation as to why this reduction should ...

Moved by

Lord Davies of Oldham

3: Clause 1, page 1, line 10, leave out “Treasury” and...

My Lords, in moving Amendment 3, I shall speak also to Amendment 4. Amendment 3 would ensure that...

My Lords, the noble Lord does himself a great injustice by saying that these amendments are not e...

As I indicated, my Lords, we tabled these amendments in order to clarify the thinking behind thes...

My Lords, I do not believe that Clause 3 should be part of the Bill. Clause 3 abolishes the overs...

My Lords, I support the noble Lord, Lord Sharkey, in his contention that the clause should not st...

My Lords, I find this a somewhat naive and shocking part of this small Bill, in the sense that th...

My Lords, I will make just a few comments, if I may. I join my noble friend Lord Sharkey, and the...

My Lords, I thank all the noble Lords who have made very powerful contributions and thoughtful po...

Would the Minister agree that it was the Bank itself that suggested that?

That is my understanding. If I am wrong, I will correct myself.

The noble Lord, Lord Sharke...

I hate to stop the noble Lord, Lord Bridges, in his flow, but could he confirm that, under the pr...

As the noble Baroness points out, that would obviously be the maths. We will probably have to hav...

Surely there is a world of difference between the phenomena of groupthink in either one of the po...

My Lords, it is clear that I still have some persuading to do. I would argue that those powers ha...

The Minister said that the powers have not changed, but would he agree that who exercises the pow...

As the noble Baroness rightly points out, obviously her maths is correct and there would be robus...

The noble Lord, having not been present at our discussions, sadly, three years ago, has not appre...

Once again the noble Lord makes a powerful intervention. I am sorry that I was not here for what ...

It should stand part.

I am sorry. It should stand part of the Bill.