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My Lords, we need the protection provided by the Bill because the potential losses from a no-deal Brexit are so grave. I will not repeat what the House has heard many times about potential short-term disruption, which could indeed be very serious. I will not repeat what it has heard about security and Northern Ireland, although these things are very worrying. As an LSE professor and current...
My Lords, I thank the Minister for his reply. The perpetuation of the de facto monopoly by the USA and Europe of the positions at the head of the IMF and the World Bank undermines confidence in those institutions and in internationalism, and is surely unacceptable in a world that has changed radically since the founding of those institutions seven decades ago. First, will the Minister now...
This is important. Thirdly, when the tenure of Christine Lagarde, who has done an outstanding job as head of the IMF, comes to an end, will the Minister state clearly and strongly that Her Majesty’s Government will not support the perpetuation of Europe’s monopoly of this position and will actively seek good candidates from outside Europe and the USA?
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Entered the House of Lords on 17 December 2007
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