Results 1–20 of 85 for speaker:Lord Livermore

Covid-19: Economic Costs - Question (28 Jul 2020)

Lord Livermore: My Lords, the original Question assumes a trade-off, yet the UK has the highest excess death rate in the world and is forecast to suffer the worst recession in the G7. Clearly, the last thing that the economy now needs is a second spike, so will the Minister consider extending statutory sick pay to the 2 million low-paid workers who still do not qualify for it but who may need to self-isolate...

Finance Bill - Second Reading (and remaining stages) (17 Jul 2020)

Lord Livermore: My Lords, this Finance Bill gives effect to the tax measures announced in the Chancellor’s Spring Budget. Although just four months ago, that already feels like a Budget from a different age. The subsequent Covid-19 pandemic created an unprecedented shock to the economy and the Government’s policy response was unparalleled. At 20% of GDP, it was the largest peacetime fiscal expansion in...

Banks: Internet Transfers of Cash - Question (9 Jul 2020)

Lord Livermore: My Lords, when a bank freezes a customer’s account without asking the National Crime Agency for consent, there currently is no statutory timetable specifying when they must unfreeze those funds. Does the Minister believe that there should be a maximum time for which accounts can be frozen?

Telecommunications Infrastructure (Leasehold Property) Bill - Report: Amendment 1 (29 Jun 2020)

Lord Livermore: My Lords, I am grateful to the noble Lords, Lord Clement-Jones and Lord Fox, for tabling Amendment 1, which would have a very similar practical effect to Labour’s Amendment 2. My noble friend Lord Stevenson and I also tabled Amendment 3, which would enable operators themselves to initiate their Part 4A process. While we feel very strongly about this, it is one of the many issues that could...

Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2020 - Motion to Approve (18 Jun 2020)

Lord Livermore: My Lords, I am very grateful to the Minister for introducing the statutory instrument, which touches on many aspects of financial services-related retained EU law. Overall, it seeks to replicate at a national level the regulatory regime for financial services to which we currently subscribe at an EU level. Until the end of the transition period we will of course continue to follow the EU’s...

Economic Outlook and Furlough Scheme Changes - Commons Urgent Question (18 Jun 2020)

Lord Livermore: My Lords, as well as the UK recording the highest excess death rate from Covid-19 of any country, it is now forecast by the OECD to suffer the worst recession in the G7, with a projected fall in GDP of 11.5% this year. Why is the UK likely to experience over this year the worst economic impact from the coronavirus crisis of all industrialised countries?

Manifesto Commitments - Question (16 Jun 2020)

Lord Livermore: My Lords, to follow on from the question asked by the noble Lord, Lord Young of Cookham, in addition to promising not to “borrow to fund day-to-day spending”, the Government’s manifesto promised not to “raise the rate of income tax, VAT or National Insurance”, not to increase any taxes on small businesses and to “keep the triple lock” on pensions. Is the Minister able to...

Covid-19: Furloughed Space Grant Scheme - Question (15 Jun 2020)

Lord Livermore: My Lords, tens of thousands of businesses are still not receiving support from the Government’s existing schemes. The latest figures show that 45,000 smaller businesses are still waiting for a loan through the Coronavirus Business Interruption Loan Scheme, and 60% of larger businesses still waiting too. What action are the Government taking to speed up the approval of loans to businesses,...

Unemployment - Question (11 Jun 2020)

Lord Livermore: My Lords, as my noble friend Lord Reid pointed out, the OECD said yesterday that Britain’s economy would suffer the worst damage from the Covid-19 pandemic of any G7 country. I do not think that the Minister gave my noble friend a specific answer to his question, so perhaps I may ask again what specifically targeted help he will be able to offer those in the hardest-hit sectors of the...

Banks: Authorised Push Payment Fraud - Question (11 Jun 2020)

Lord Livermore: My Lords, Covid-19 is providing fraudsters with new opportunities to prey on the vulnerable, and there are clearly substantial problems with how APP fraud is handled. I return to the point raised by my noble friend Lady Sherlock. Does the Minister believe that the Payment Systems Regulator has sufficient powers to force banks to reimburse customers if they refuse to do so?

G20: Debt Cancellation - Question (10 Jun 2020)

Lord Livermore: My Lords, the G20 public debt initiative lasts only until the end of 2020, yet it is clear that the economic consequences of the Covid-19 pandemic will be felt far beyond the end of this year. Will the Government support an extension of the scheme?

Covid-19: Public Wealth Investment Fund - Question (9 Jun 2020)

Lord Livermore: My Lords, bold and ambitious schemes, such as a public wealth fund, will be necessary to support businesses in the medium term. However, we are seeing an immediate surge in insolvencies and job losses, and action is needed before such schemes can be established. What targeted help can the Minister offer the hardest-hit sectors of the economy, such as hospitality and tourism, which will take...

Covid-19: Economy - Motion to Consider (4 Jun 2020)

Lord Livermore: My Lords, I thank my noble friend Lord Eatwell for securing this debate. I congratulate him on his wide-ranging opening speech. The Covid-19 pandemic has delivered a shock to economic activity, unprecedented in speed and severity. The OBR’s initial scenario sees GDP fall by 35% in the second quarter, unemployment rise by more than 2 million, government borrowing increase to £273 billion,...

Northern Ireland Banknote (Designation of Authorised Bank) Regulations 2020 - Motion to Consider (2 Jun 2020)

Lord Livermore: I am grateful to the Minister for introducing this statutory instrument, and I join others in welcoming her to her position. I have listened with great interest to the points made by other noble Lords during this debate. My noble friend Lord Wood of Anfield made a characteristically interesting speech, and I strongly support the very powerful words of my noble friend Lord Hain. As the...

Telecommunications Infrastructure (Leasehold Property) Bill - Virtual Committee (2nd Day): Amendment 21 (2 Jun 2020)

Lord Livermore: My Lords, as we have heard, Amendment 21 would introduce a review requirement relating to progress on the Government’s stated target of achieving universal access to gigabit broadband by 2025. I hope the Minister will be able to make a clear commitment to progress reports, either from his department or from Ofcom. While we do get estimates of statistics from the latter, there must be some...

Telecommunications Infrastructure (Leasehold Property) Bill - Virtual Committee (2nd Day): Amendment 20 (2 Jun 2020)

Lord Livermore: My Lords, we support this attempt to probe the Government on the practical implications of the compensation provisions laid out in new paragraph 27H. Not qualifying the types of losses or damages that are subject to compensation seems a curious choice when amendments to simplify processes are frequently resisted on the basis that, while often cumbersome, legislation needs to set clear...

Telecommunications Infrastructure (Leasehold Property) Bill - Virtual Committee (1st Day): Amendment 11 (19 May 2020)

Lord Livermore: My Lords, I am grateful to the noble Lord, Lord Clement-Jones, for tabling and introducing this amendment. It is relatively straightforward, but it could have far-reaching consequences for operators. As the noble Lord outlined, the Bill currently defines “connected land” as being in common ownership with the target premises. Operators who have contacted us have expressed concern that this...

Telecommunications Infrastructure (Leasehold Property) Bill - Virtual Committee (1st Day): Amendment 9 (19 May 2020)

Lord Livermore: My Lords, Amendments 9 and 14 were tabled in the House of Commons, leading to a commitment that we will shortly consider a further Bill on telecommunications infrastructure security. Given the urgency with which the department claimed to be dealing with this matter, the retabling of these amendments provides us with an opportunity to see what, if any, progress has been made. Let me be clear...

Telecommunications Infrastructure (Leasehold Property) Bill - Virtual Committee (1st Day): Amendment 2 (19 May 2020)

Lord Livermore: My Lords, I am pleased to follow my noble friend Lord Adonis, to whom I am grateful for tabling Amendment 2. The Government have talked a lot about improving broadband speeds across the nation—something which, in light of the current situation, has become more important than ever. Despite this, as my noble friend Lord Collins of Highbury noted at Second Reading, there has been a gradual but...

Covid-19: Economic Package - Statement (13 May 2020)

Lord Livermore: My Lords, I am grateful to the Minister for repeating the Chancellor’s Statement. We welcome the extension of the job retention scheme, the additional flexibility provided and the fact that the Chancellor has listened to concerns by maintaining a level of support at 80%. Advanced briefing to the media suggested that people need to be “weaned off” state support. I hope the Minister...


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