G7 — Statement

Part of the debate – in the House of Lords at 4:58 pm on 10th June 2015.

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Photo of Lord Wallace of Saltaire Lord Wallace of Saltaire Liberal Democrat Lords Spokesperson (Foreign and Commonwealth Affairs) 4:58 pm, 10th June 2015

My Lords, I am sure the noble Baroness will be pleased to be reminded that the current EU Trade Commissioner is a woman, Cecilia Malmström, so she should therefore have said “her predecessor” when referring to the EU Trade Commissioner.

On TTIP, the transatlantic trade association, I hope the Government are well aware that there is an active campaign on social media and in the NGO community against this whole transatlantic free trade agreement as a capitalist ramp that will give multinational companies access to our markets at all sorts of cost. That is as irrational as much of the campaign for Britain to leave the European Union. Are the Government planning any major information campaign to combat that underlying distrust of the entire transatlantic trade agreement?

On the EU, are the Government also proposing to use the balance of competences exercise of the last coalition Government to inform the public, given that I read in the newspapers every day of major claims being made by members of the Conservative Party for the repatriation of substantial powers from the European Community, for which the balance of competences exercise produced no evidence?

Lastly, we all welcome the Government’s views on corruption, and we all see again from the FIFA example that the overseas territories and Crown dependencies under British sovereignty form part of a network of transnational corruption. Are the Government planning to take powers to tighten controls over overseas financial centres under British sovereignty?