"My Lords, on the first day of this month in Committee, I said:
“It is important for the Bill to be as clear as possible and I hope the Minister … will give an undertaking to bring forward his own re-wording to improve this section on Report. We have a …..." Lord Watson of Invergowrie - View Speech
"My Lords, I am in the surprising and mildly embarrassing position of having to say to the Minister that I am glad that he did not take me at my word when we dealt with reviews in Committee. I have studied the Hansard and, under what was then Amendment 29, …..." Lord Watson of Invergowrie - View Speech
"My Lords, Amendments 20B and 22ZA are complementary and seek simply to bring some rigour to the duty of charity trustees to review their charity’s social investments. Amendment 21, in the names of the noble Baroness, Lady Barker, and the noble Lord, Lord Wallace of Saltaire, seek to broaden that …..." Lord Watson of Invergowrie - View Speech
"My Lords, I thank the Minister for that response. I welcome the fact that he joined the noble Baroness, Lady Barker, and my noble friend Lady Pitkeathley in supporting the need for that.
"My Lords, this amendment would enable charities to market social investments to individual investors but exempt charities from the restrictions of the financial promotions regime. It would provide rules for the development of a regulatory regime for marketing by charities and allow the Treasury to set out rules for the …..." Lord Watson of Invergowrie - View Speech
"I thank the noble Lord for that clarification. However, again, are we to constrain the development of social investments on the grounds of cost? Obviously there is no maximum or upper limit as to what a charity will or will not be able to afford when trying to pursue the …..." Lord Watson of Invergowrie - View Speech
"Alchemy, the noble Lord says. I am not a chemist, but that still seems rather opaque to me.
To return to the rules, it may not be necessary for them to be compulsory further down the line, but if there are to be such rules, they should apply right from …..." Lord Watson of Invergowrie - View Speech
"My Lords, the Labour Party has no objection to Amendment 26, with the exception of the first six words. It does not seem appropriate to ask that the Chancellor become involved in a review such as this because it would seem unnecessarily to broaden the aegis of this part of …..." Lord Watson of Invergowrie - View Speech
"My Lords, we support the amendment in the name of the noble Lord, Lord Bew. Change is needed because, as we have heard, many people who have suffered in a manner that would allow them to seek at least adequate redress against an unincorporated charity are currently in effect unable …..." Lord Watson of Invergowrie - View Speech