Speech in Lords Chamber - Wed 11 Dec 2013 Payday Loans
"My Lords, we heard a moment ago about the danger of lenders from other EU countries undercutting any legislation or regulation that we introduce in this country. Has the noble Lord considered discussing with the European Commission the possibility of legislating on an EU-wide basis for the single market as …..." Lord Davies of Stamford - View Speech
"My Lords, I remind the House that for a number of years I was a director of a quite large British investment bank—in those days called a merchant bank. We had a substantial lending book as well as a much bigger investment banking business. The firm was the basis of …..." Lord Davies of Stamford - View Speech
"Does the noble Lord agree that if we are to make a real difference this time—and he will sense a scepticism about that, which we face in this country and even in this House as a result of the appalling situation that we have had—we will need to emphasise, and …..." Lord Davies of Stamford - View Speech
"My Lords, I congratulate the noble Lord, Lord Wrigglesworth, on a very confident and able maiden speech. It is great to have someone of that experience and background in our House. We look forward to future contributions. I congratulate also the noble Lord, Lord Shipley, on managing to get time …..." Lord Davies of Stamford - View Speech
"Is it not the case that under the brilliant economic management of this Government we have got the worst of all possible worlds? We have had a devaluation and the classic cost of that—an inflation rate which is about twice the eurozone average—but we have had none of the advantages: …..." Lord Davies of Stamford - View Speech
"My Lords, I begin by adding my voice to the many expressions of congratulation and welcome which the noble Lord, Lord Deighton, has received warmly and genuinely from all sections of the House this evening. It is very good to think that there is now going to be someone in …..." Lord Davies of Stamford - View Speech
"Before the Minister sits down, may I thank him for his answer to me that the interest rate paid by the Bank of England on bank deposits is 50 basis points, not the 75 basis points that I thought? Does he agree that any interest rate paid by the Bank …..." Lord Davies of Stamford - View Speech
"My Lords, it has happened more times than I can recall since I have been in this House, nearly two and a half years, that I have had the pleasure of following the noble Lord, Lord Hamilton, or he has had the task of following me. Although I rarely agree …..." Lord Davies of Stamford - View Speech
"Indeed, I am suggesting exactly that to the noble Lord and to the House. It would be very much in our interests to do so, for the reason that I thought I had explained. Perhaps the noble Lord did not follow my argument, which was that if there were a …..." Lord Davies of Stamford - View Speech