Results 1–20 of 1164 for (in the 'Commons debates' OR in the 'Westminster Hall debates' OR in the 'Lords debates' OR in the 'Northern Ireland Assembly debates') speaker:Bob Blackman

Equitable Life Policyholders: Compensation (23 Mar 2017)

Bob Blackman: I thank my hon. Friend the Minister for his response to the debate. We have had a very good debate, with representations and interventions from Members of no fewer than five political parties represented in this House. Everyone has spoken with the same voice. This is a debt of honour that we owe to vulnerable people across this country. We will not allow this matter to rest until such time as...

Equitable Life Policyholders: Compensation (23 Mar 2017)

Bob Blackman: I beg to move, That this House welcomes the Government’s acceptance in full of the Parliamentary Ombudsman’s findings in relation to its maladministration with regard to Equitable Life; notes that the Parliamentary Ombudsman recommended that policyholders should be put back in the position they would have been had maladministration not occurred; further notes that the overwhelming...

Equitable Life Policyholders: Compensation (23 Mar 2017)

Bob Blackman: That intervention goes to the heart of the matter. The reality is that people who were investing their life savings in pension schemes, from the time when it was possible to take out personal pensions, were persuaded by unscrupulous Equitable Life salespeople to transfer those life savings—their hard-earned money—into a Ponzi-like scheme. They were promised bonuses that were...

Equitable Life Policyholders: Compensation (23 Mar 2017)

Bob Blackman: I thank my hon. Friend for that lengthy intervention. The reality is that, as he suggests, there are more than 1 million victims. The former Chancellor, my right hon. Friend the Member for Tatton (Mr Osborne), accepted at the Dispatch Box that the total sum to be paid in compensation should be £4.1 billion, but 895,000 people have received only 22% of their losses. The payments process...

Equitable Life Policyholders: Compensation (23 Mar 2017)

Bob Blackman: I believe that this is a debt of honour. I do not expect my hon. Friend the Economic Secretary to the Treasury to announce that he will open the Treasury chequebook and pay the full compensation today. I have sympathy with the suggestion that, because of the most recent decisions on national insurance, the Budget has not yet been brought into balance. As the motion states, however, I believe...

Equitable Life Policyholders: Compensation (23 Mar 2017)

Bob Blackman: As I have said, this is a debt of honour and the economy is recovering. In the long term, we should compensate in full all those who suffered, through no fault of their own. We are encouraging people from across the country to invest in savings for their retirement, so they need to know that the regulator and the Government will safeguard and look after their savings and make sure that they...

Equitable Life Policyholders: Compensation (23 Mar 2017)

Bob Blackman: Quite clearly, there was irresponsibility. I would absolve the current leadership of Equitable Life from that, because it has been co-operative in every way. It has identified the policyholders and assisted the Government and EMAG to ensure that everyone could be compensated. That does not apply to the previous management, however. Let us turn to the current position. I applaud the Government...

Equitable Life Policyholders: Compensation (23 Mar 2017)

Bob Blackman: I agree with my hon. Friend that we can, and should, do better. The current position is unfair on those individuals, many of whom are approaching retirement and seeking to draw on their pension pots but do not know what security they will have in their old age. For them to get just 22.4% is absolutely unacceptable, and the battle will continue until such time as they receive the compensation...

Equitable Life Policyholders: Compensation (23 Mar 2017)

Bob Blackman: I thank my hon. Friend, and I trust that he will make a further contribution to the debate later. The position is as he has set out. We should ensure that the City of London remains the financial centre of the world, and we must show that we can be trusted to look after people’s investments.

Equitable Life Policyholders: Compensation (23 Mar 2017)

Bob Blackman: Indeed. Unfortunately, as we know, many of the individuals affected by the scandal are deep into old age. They may be very vulnerable, and, regrettably, there are fewer and fewer of them every day. For every day that goes by without them receiving proper compensation, the scandal is maintained.

Equitable Life Policyholders: Compensation (23 Mar 2017)

Bob Blackman: I absolutely agree with that comment. I want to say something about the commitments we have made, which are very important. As I have said, the former Chancellor accepted the reality of the situation at the Dispatch Box. He said that “I accept the findings of the parliamentary ombudsman in full.”—[Official Report, 20 October 2010; Vol. 516, c. 960.] Let us be clear about...

Business of the House: Points of Order (23 Mar 2017)

Bob Blackman: On a point of order, Mr Speaker.

Business of the House: Points of Order (23 Mar 2017)

Bob Blackman: I seek your guidance, Mr Speaker, as to how I can put on record the fact that my Homelessness Reduction Bill passed its Third Reading in the House of Lords, and how I can pay tribute to Lord Best, who piloted it through.

Business of the House (23 Mar 2017)

Bob Blackman: Mr Speaker, I am sorry that I was such a poor substitute for the Chairman of the Backbench Business Committee. I was unsuccessful in the shuffle at Women and Equalities questions, so may I ask the Leader of the House for an early statement on the position of the promised consultation document on caste discrimination? It will allow the Hindu community in particular the opportunity to put its...

The Secretary of State Was Asked: Medical Research and Development (Israel) (23 Mar 2017)

Bob Blackman: What steps he is taking to strengthen the trade relationship in medical research and development with Israel.

The Secretary of State Was Asked: Medical Research and Development (Israel) (23 Mar 2017)

Bob Blackman: I join you, Mr Speaker, and my right hon. Friend the Secretary of State in expressing sincere condolences to the victims of the terrible atrocity yesterday, and particularly to the family of PC Keith Palmer, who died so that we can carry out our democratic duties. I thank my right hon. Friend for his answer. Companies in the Israeli economy are responsible for more than 100 million...

Iran’s Influence in the Middle East — [Mr David Nuttall in the Chair] (22 Mar 2017)

Bob Blackman: It is a pleasure to serve under your chairmanship, Mr Nuttall, and to follow the hon. Member for Strangford (Jim Shannon). I congratulate my hon. Friend the Member for Hendon (Dr Offord) on securing the debate and on braving the Northern line to make sure that he got here. I share my hon. Friend’s serious concerns about the destabilising effect of Iran on the middle east, and am...

Iran’s Influence in the Middle East — [Mr David Nuttall in the Chair] (22 Mar 2017)

Bob Blackman: Clearly, that harmful aspect—the destabilising of the regime—amplifies the problems with what Iran does. What I have been describing has diminished American and European influence and perpetuated today’s climate of division. It is undoubtedly harmful to our interests, and it benefits Tehran’s constitutionally mandated mission to extend the Islamic revolution beyond the...

Cabinet Office and the Chancellor of the Duchy of Lancaster: Cyber-security (22 Mar 2017)

Bob Blackman: Will the Minister update the House on the action he is taking to ensure that businesses are aware of their responsibilities on cyber-security, particularly those businesses that trade with government, so that businesses are safe and government is made safe?

Sky/21ST Century Fox: Merger (16 Mar 2017)

Bob Blackman: I think my right hon. Friend’s decision will be warmly welcomed by all parties to the proposed merger, as well as across the country. However, one of the considerations is the short time in which Ofcom must carry out the review. Will she therefore ask Ofcom for an interim report part of the way through this period? If there is any obstruction or a need to extend the time, she would then...


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