"My Lords, I think these two agreements lack two fundamental things without which they will be much poorer than they would otherwise be. First, there is no cost-benefit analysis at all, and there should be for any great venture of this kind. As we know, we left the European Union …..." Lord Davies of Stamford - View Speech
"My Lords, the first thing that we need to do in a situation of this kind is to make sure that we do not deceive ourselves about the reality that we face. This recession will be twice as deep as the one in 2008-09, which followed the collapse of Lehman …..." Lord Davies of Stamford - View Speech
"Is it not the case that what is really alarming here is that the collapse of consumer demand is likely to last for a very long time and that there is going to be a substantial negative-wealth effect, given that people will have been out of jobs while their businesses …..." Lord Davies of Stamford - View Speech
"My Lords, the narrow nationalism of this Government has been deeply depressing for a long time. But the fanatical, pedantic ideology that the Government have displayed in the last few weeks is quite unspeakable. The Government have withdrawn from the European Aviation Safety Agency and from Euratom. They have withdrawn …..." Lord Davies of Stamford - View Speech
"No, indeed it is not. I am not saying that the benefit we get is accumulating bullion, because we have a balance of payments surplus. That is the mercantilist idea, and I can only describe it as quaint; it is curious that people still believe in it. Yet the Government …..." Lord Davies of Stamford - View Speech
"Do the Government not appreciate that no one will invest in manufacturing capability in this country, the output for which will be dependent on demand from the single market to a considerable and possibly larger extent, in a climate of regulatory uncertainty where it is not clear whether at any …..." Lord Davies of Stamford - View Speech
"My Lords, I thought I would make a brief contribution to this debate, because it occurred to me that I might be one of the few people in the House with some direct experience of worker representatives on corporate boards of directors. In my early 30s, my firm, Morgan Grenfell, …..." Lord Davies of Stamford - View Speech
"My Lords, is it not the case that every sane business carries out an investment appraisal before it embarks on an investment, that every sensible person will always produce a business plan before starting a business, that responsible and sensible Governments must engage in cost-benefit analyses and policy analyses and …..." Lord Davies of Stamford - View Speech
"My Lords, my view is that Brexit is a real and present danger to the prosperity of the country, to future public services, given the likelihood that tax revenues will not be as high as they otherwise would be, to our influence in the world, to the stability of Europe …..." Lord Davies of Stamford - View Speech