All 1 Debates between Baroness Ford and Lord Brooke of Sutton Mandeville

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Enterprise and Regulatory Reform Bill

Debate between Baroness Ford and Lord Brooke of Sutton Mandeville
Monday 3rd December 2012

(11 years, 6 months ago)

Grand Committee
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Baroness Ford Portrait Baroness Ford
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There are ways of doing it. I do not wish to detain the Committee and perhaps I should have a cup of coffee with the noble Lord to explain; I mean that in a helpful way. Bonds are raised against the cash flows from projects. They are raised against an infrastructure project only if the Government underpin it—hence, PFI.

Lord Brooke of Sutton Mandeville Portrait Lord Brooke of Sutton Mandeville
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I encourage the Minister to try to turn not a duckling, but a cygnet, into a swan. A cygnet, in banking and legal terms, would have a greater significance than a ducking.

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