Results 161–180 of 872 for speaker:Lord Peston

Financial Services Bill: Committee (1st Day) (26 Jun 2012)

Lord Peston: Before the noble Lord moves on to his next point, can he, for my education, explain one aspect of the drafting of the Bill? With regard to what we are discussing, can he tell me whether there is any significance in lines 8, 9, 10 and 11 on page 1, which refer to "a Governor" and "a Deputy Governor", and line 15, et cetera, where the references are to "the Governor" and "the Deputy Governor"?...

Financial Services Bill: Committee (1st Day) (26 Jun 2012)

Lord Peston: The noble Lord has rather lost me. Is he saying that he agrees that the Commons should have a veto but the Lords should not, or that neither should have a veto?

Financial Services Bill: Committee (1st Day) (26 Jun 2012)

Lord Peston: In that case, I really cannot see the noble Lord's argument at all. I hate to disagree with anybody sitting on my own Front Bench, but if this is a matter of consultation, it is a matter of great significance that your Lordships' House is treated as an equal House. This principle has been established beyond any doubt whatever, and I therefore find it quite unacceptable that whoever is...

Financial Services Bill: Committee (1st Day) (26 Jun 2012)

Lord Peston: My Lords, I shall speak to Amendment 8A in my name and that of the noble Lord, Lord Barnett. In doing so, I shall not comment on Amendment 6 in the name of the noble Baronesses, Lady Kramer and Lady Wheatcroft, simply on the grounds that the subject is totally beyond me. I am no expert on governance whatever, and I could not tell good from bad governance if it hit me over the head. However,...

Financial Services Bill: Committee (1st Day) (26 Jun 2012)

Lord Peston: Before the Minister finishes what he is saying, could I ask him a question which is a sort of question of economics? I entirely agree with the noble Lord, Lord O'Donnell, that it would seem very strange indeed if the Governor of the Bank of England did not chair both the FPC and the Monetary Policy Committee. But then I ask myself, "Does that mean that there is a vast amount of spare capacity...

Financial Services Bill: Committee (1st Day) (26 Jun 2012)

Lord Peston: There has been one.

Financial Services Bill: Committee (1st Day) (26 Jun 2012)

Lord Peston: Women comprise half the population of the country, do they not? If we look at ratios, there is not a lot to boast about.

Financial Services Bill: Committee (1st Day) (26 Jun 2012)

Lord Peston: My Lords, I shall not talk about the Treasury representatives because we have an amendment relating to them later in the list and I shall save my vitriol for then. I did not understand Amendment 9 until the right reverend Prelate the Bishop of Durham spoke. I am grateful to him because I now understand it. In essence, he is saying that three different people ought to chair the three different...

Financial Services Bill: Committee (1st Day) (26 Jun 2012)

Lord Peston: This reminds me of the Marx Brothers stuff and the great joke about whether we have an insanity clause. Am I to understand that there is no such thing as a Keeling schedule and that it does not exist? Is that the answer to my question?

Financial Services Bill: Committee (1st Day) (26 Jun 2012)

Lord Peston: My Lords, I told the Minister that I would ask him a question but I forgot to ask it. I hope I will be allowed to ask it before he replies. Its origin is in my getting lost in the Bill. I was in the Public Bill Office and pointed to something on the page-a number, a letter and another number-and said, "I cannot find it". They flicked the pages over and said to me, "What you need is a Keeling...

Financial Services Bill: Committee (1st Day) (26 Jun 2012)

Lord Peston: My Lords, I notice that the Chief Whip is in her place, so when will we who propose to spend quite a lot of time on the Bill and make serious contributions be told of the days on which we will be sitting, and how many days we will be sitting, before the House rises? It would enable some of us at least to get something resembling a life.

Financial Services Bill: Committee (1st Day) (26 Jun 2012)

Lord Peston: I rise to support my noble friend. This is an immensely complicated Bill, and I certainly find it virtually impossible to follow. I cannot tell you how many hours I have put in trying to find out what almost any sentence actually refers to when it refers to some other sentence in the Bill. It contains clauses, subsections, paragraphs-I think I could find an infinite regress in there somewhere...

Budget: Cost of Changes — Question (12 Jun 2012)

Lord Peston: Will the Minister clarify his answer? Are we to assume that £125 million is a small number and that all the changes are therefore no big deal or that it is a large number and that the changes are therefore of overwhelming significance? What message is he trying to give us and, for that matter, the public at large?

Government of France: Meetings — Question (12 Jun 2012)

Lord Peston: My Lords, do I understand the Minister to be saying that Her Majesty's Government do not intend to tell off President Hollande for pursuing his foolhardy expansionary policies and not following our contractionary policies with all the enormous benefits of rising unemployment?

Business (29 May 2012)

Lord Peston: I have a simple question. I have never eaten a Cornish pasty in my life and I do not propose to start now. I gather that the comparison is with boeuf en croute, which is another matter. Where I am a bit lost is that from the answer the noble Lord the Leader of the House gave to my noble friend the Leader of the Opposition I could not work out whether his argument is that this is a trivial...

Energy: Nuclear Power — Question (29 May 2012)

Lord Peston: My Lords, listening to this exchange takes me back 50 years to when I wrote the original Treasury paper on choice of investment in generating stations. Let me add that I got the analysis perfectly right but the facts completely wrong. In particular, I spent my time emphasising the correct rate of interest to use when the main thing that none of us forecast was the rise in the price of oil-but...

Debt — Question (29 May 2012)

Lord Peston: My Lords-

NHS: Risk Register — Question (15 May 2012)

Lord Peston: My Lords, it is trivially obvious that all decision-making-

NHS: Risk Register — Question (15 May 2012)

Lord Peston: My Lords, I repeat what I said last time: it really is about time that the Liberal Democrats recognised that they are part of the government side. Everyone is getting quite fed up with this demand to be treated separately. Is it not trivially obvious that all decision-making involves risks and therefore the Government's refusal to publish this register would cause a reasonable person outside...

Youth Unemployment — Question (14 May 2012)

Lord Peston: My Lords, is the Minister aware that unless and until we get a Government who place the restoration of full employment as a central aim of government economic policy, the young people of this country have no hope substantially of returning to work? We need a policy of full employment and not the kind of Elastoplast policies that the Minister is talking about.


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