"My Lords, the Government acknowledge the administrative error in the failure to pay the full entitlement for five years. I want to know, as I am sure does the House, on what principle the decision was taken by the Government, knowing that the families have no recourse to law, that …..." Lord Davies of Oldham - View Speech
"My Lords, on the related issue of research and development, of course we welcome what the Chancellor said earlier today on the proposed increase of £2 billion up to the year 2020. However, does the Minister accept that even with this commitment, if it is realised, the United Kingdom will …..." Lord Davies of Oldham - View Speech
"But, my Lords, as the Minister has just indicated, the bank is involved in restructuring at present and is still awaiting a judgment in the United States on the mis-selling of subprime mortgages—which takes us back a little while. How can the Government think in terms of having an early …..." Lord Davies of Oldham - View Speech
"My Lords, my noble friend Lord Howarth mentioned the IMF report. The report rejects the trickle-down effect, rejects the idea that increased inequality makes economies more dynamic and counsels that the best way to stimulate economies is to support the worst-off 20% in any country, and—wait for it—the other aspect …..." Lord Davies of Oldham - View Speech
"My Lords, the Minister has not been his usual frank self in responding to the question about front-line services, which are crucial to this debate. Nor has he been frank when he maintains that introducing cuts at this stage may not do irretrievable damage to the economy with a double-dip …..." Lord Davies of Oldham - View Speech