"My Lords, would the Minister not agree that, given the parlous condition of the Welsh economy, there would seem to be an unanswerable case for a reappraisal of the Barnett formula in the light of its incapacity to serve the acute needs of the land and nation of Wales?..." Lord Elystan-Morgan - View Speech
"My Lords, the Statement makes it clear that there is the very real danger of further demotion if growth is not achieved. Have Moody’s or any of the other exalted bodies that are our lords and masters in this connection given any indication of at what point a failure to …..." Lord Elystan-Morgan - View Speech
"My Lords, may I gently tempt the Minister to answer the second question asked by my noble friend Lord Wigley? I take it that there was no consultation. Why was that? Was there an intention to show contempt for the views of the devolved Administrations or did the Government just …..." Lord Elystan-Morgan - View Speech
"My Lords, going back to the Question asked by my noble friend Lord Empey, can the Minister tell the House, without going into specifics, what was the first point in time at which the Government gained any information about the possibility of the rigging of LIBOR?..." Lord Elystan-Morgan - View Speech
"My Lords, if I may, I will make a point in support of the very pertinent submission made by the noble Baroness, Lady Kramer. This is not a question of who should prosecute or who can prosecute. A simple, straightforward criminal offence was created in Section 397 of the Financial …..." Lord Elystan-Morgan - View Speech
"My Lords, I appreciate that it is wholly necessary that there should be an effective firewall between retail and wholesale banking, and that the detail of that remains to be determined. However, perhaps the Minister will accept that the seriousness of the situation is illustrated in this way. Section 6 …..." Lord Elystan-Morgan - View Speech
"My Lords, does the Minister agree that our forebears might regard the capacity to extract Treasury notes from a hole in the wall as the greatest miracle since Moses struck the rock? Will he undertake, however, that if this matter is raised seriously again by the banks there should be …..." Lord Elystan-Morgan - View Speech
"My Lords, while I welcome most warmly the initiative announced on behalf of the Government, does the Minister agree that a great deal of suffering and injustice could be alleviated and avoided by giving judges in our civil courts the right to strike down claims that arise from loan contracts …..." Lord Elystan-Morgan - View Speech
"I speak with all the neutrality that one can from these Benches. Is not the situation that there is a very substantial grey area? Section 1 of the 1911 Act gives many possibilities so that, if a rigid application of that provision had been applied since 1911, hundreds of Bills …..." Lord Elystan-Morgan - View Speech