"If the Government are supporting scale-ups and start-ups, what do they think about the fact that every single start-up and scale-up, even those very successful at fundraising, has been eliminated from the Department for Transport’s recent procurement framework and that they were asked to provide indemnities if they were to …..." Baroness Bowles of Berkhamsted - View Speech
"My Lords, does the Minister consider that, apart from him, the days of trying to avoid government-induced market glitches are history? Do the Government and Chancellor think that markets will cease to be responsive or that investors will not go elsewhere as they have done for other countries exhibiting inconsistency?..." Baroness Bowles of Berkhamsted - View Speech
"My Lords, I thank the Minister for the introduction. It does not matter how many times I read these kinds of explanations about what is going on, I still find them totally incomprehensible and I doubt I am alone.
"My Lords, the mini-Budget caused sharp falls in the value of sterling, gilts and confidence in the UK’s rating. Despite policy reversals, there is substantial residual damage in people’s pockets and pension funds.
"I am sorry, I know that the Minister keeps being interrupted, but maybe it should all come at once. She mentioned that the Bank of England had powers to intervene. I would be very interested to know what preventive powers she thinks the Bank of England could have used to …..." Baroness Bowles of Berkhamsted - View Speech
"My Lords, a key focus of the IORP directive, which was transposed into the Pensions Act 2004, was to prohibit borrowing so that assets are retained for the payment of pensions and not put at risk of being drained away to third parties. With that prohibition on borrowing, how has …..." Baroness Bowles of Berkhamsted - View Speech
"My Lords, the gracious Speech included commitments to tackle corruption, money laundering and tax evasion—pernicious issues that undermine trust in business and finance. Greater transparency, as well as sanctions, is needed in these areas and beyond. As the noble Lord, Lord McFall, pointed out, transparency can usefully extend to regulators …..." Baroness Bowles of Berkhamsted - View Speech