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Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"My Lords, my noble friend Lady Liddell has made an extremely important point. As the debates and scrutiny have progressed and further information has become available on the Bill since it was initiated, the concerns have become greater.

In my experience with legislation, as Ministers—particularly Ministers of the calibre of …..."

Lord Adonis - View Speech

View all Lord Adonis (Lab - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"My Lords, the sunset clause is for two years, which is nearly half a Parliament. The fact that there is a sunset clause does not somehow legitimise everything that takes place in that period. There is no case for these provisions at all. Let us be clear that we are …..."
Lord Adonis - View Speech

View all Lord Adonis (Lab - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"I am grateful to the Minister for giving way. In that case, why should there not be primary legislation?..."
Lord Adonis - View Speech

View all Lord Adonis (Lab - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"My Lords, the noble Lord speaks as if there is not that power at the moment. There is: it is the power to introduce primary legislation. The Government do not lack this power; it is the power the Government have, in all cases, to recommend to Parliament changes in the …..."
Lord Adonis - View Speech

View all Lord Adonis (Lab - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"What the Minister has said was clearly written for him by the Box: “‘Adjustments’ is an inherently limiting word”. Will he explain to the House how it inherently limits?..."
Lord Adonis - View Speech

View all Lord Adonis (Lab - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"Therefore only small changes can be made, not large changes. My reading of the provisions in the Schedule is that they involve large, not small, changes...."
Lord Adonis - View Speech

View all Lord Adonis (Lab - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"Let us be grown up about this. The Minister knows that people disagree about the meaning of “limited” in these contexts. I do not think that we think that the Minister’s assurance that the provision will be limited amounts to much, because then we will of course have a big …..."
Lord Adonis - View Speech

View all Lord Adonis (Lab - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"Before the noble Baroness sits down, I just want to say that all the points she has made, and made extremely well, seem to me to be met by my noble friend Lord Davies of Oldham’s excellent Amendment 7. Most of the problems the Minister has encountered could be solved …..."
Lord Adonis - View Speech

View all Lord Adonis (Lab - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 08 Jan 2019
Financial Services (Implementation of Legislation) Bill [HL]

"My Lords, I understand what the noble Baroness is seeking to do: to tease out from the Government whether they are prepared to agree to new reporting requirements, which would be helpful. There is nothing in the new reporting requirements which I think is objectionable. On the contrary, the more …..."
Lord Adonis - View Speech

View all Lord Adonis (Lab - Life peer) contributions to the debate on: Financial Services (Implementation of Legislation) Bill [HL]

Speech in Lords Chamber - Tue 18 Dec 2018
Student Tuition Fees and Maintenance Loans

"My Lords, when is the review is expected to report? Could the Minister also give us the Government’s precise percentage figure for the proportion of loans expected to be repaid? My understanding is that the assumptions regarding that percentage are declining, which is part of the reason why the ONS …..."
Lord Adonis - View Speech

View all Lord Adonis (Lab - Life peer) contributions to the debate on: Student Tuition Fees and Maintenance Loans