"My Lords, on that topic, I wonder whether the noble Lord and other noble Lords bank with HSBC. I have done so for the past 30 years. Last week I was rather surprised to be asked by bank staff to show them my passport and a utility bill. I am …..." Lord Oakeshott of Seagrove Bay - View Speech
"My Lords, I, too, am delighted to support the amendment moved by my noble friend Lady Wheatcroft. With her characteristic delicacy and discretion, she did not mention the name of the auditors in question—but I will. I believe that Deloitte has very serious questions still to answer about its audit …..." Lord Oakeshott of Seagrove Bay - View Speech
"It sounds as though the Minister is encouraging the regulator to ask the auditors more questions. If we have complacent auditors, surely it is even more important that they sign something, that their complacency is questioned and that they take more responsibility for their work...." Lord Oakeshott of Seagrove Bay - View Speech
"My Lords, I thank my noble friend Lord McNally for that and for this invitation back to the Front Bench for one day only.
I declare my interest as a pension fund manager for the past 35 years and an active investor in British shares and property. The noble Lord, …..." Lord Oakeshott of Seagrove Bay - View Speech
"My Lords, I welcome my noble friend Lord Hussain, who is sadly not in his seat at this moment. I found his speech fascinating and moving. I also congratulate the noble Baroness, Lady Stedman-Scott. I think that she is the big society in person.
"My Lords, with the permission of the House and at the request of my noble friend Lady Williams, who is attending a funeral, I beg leave to ask the Question standing in her name on the Order Paper...." Lord Oakeshott of Seagrove Bay - View Speech
"My Lords, I accept the point about individual cases, but will the Minister say how long he would expect SOCA normally to take to assess and approve a request of this kind? In particular, will the firm and prompt action that the Foreign Secretary has promised in this case be …..." Lord Oakeshott of Seagrove Bay - View Speech
"My Lords, can I encourage the Minister to use the full resources of the Treasury to try to find a way of untying his hands? I cannot believe that there is not a way around this. Is the Minister aware that Sir Philip Hampton, the chairman of RBS, a year …..." Lord Oakeshott of Seagrove Bay - View Speech
"My Lords, I thank the Minister for the Statement. I do not know whether he has read it lately, but I have here an excellent document, The Coalition: Our Programme for Government, in which Nick Clegg and David Cameron promised,
“radical plans to reform our broken banking system”.
"My Lords, like the noble Lord, Lord Eatwell, I was rather struck by the word “intergenerational” in the draft charter for budget responsibility. The Treasury’s objectives for fiscal policy are to,
“ensure sustainable public finances that support confidence in the economy”,