I want to write to Lord Davies of Oldham

Results 1–20 of 34 for brexit speaker:Lord Davies of Oldham

Customs Legislation and Amendments: Impact Analysis - Statement (8 Oct 2019)

Lord Davies of Oldham: My Lords, I am grateful to the noble Lord for repeating the Statement. We have had a significant debate on Brexit under a number of headings this afternoon, and perhaps this one, the most precise of the lot, is likely to cause the most pessimism. This is HMRC indicating what will be the costs to business, and it has made it quite clear that the costs will be very significant. Large companies...

Financial Services (Miscellaneous) (Amendment) (EU Exit) (No. 3) Regulations 2019 - Motion to Approve (1 Oct 2019)

Lord Davies of Oldham: ...consolidating the position of the City of London, we take this step to end it all. The Minister has probably not come totally armed with the facts of where we are with regard to the whole debate on Brexit, but now and again, prior to his accession to his position, he will have heard a few comments on where we are all at with regard to Brexit. It is the case that most noble Lords in this...

Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) (No. 2) Regulations 2019 - Motion to Approve (1 Oct 2019)

Lord Davies of Oldham: ...how these divergences will work under the new regulation. In the Minister’s opinion, would the Government’s failure to implement these changes introduce any risk that, in the event of a no-deal Brexit and the UK then seeking an equivalency ruling from the Commission, we would not be deemed to be at an appropriate level of regulatory alignment? That is a hypothetical question, posed...

Spending Round 2019 - Motion to Take Note (Continued) (25 Sep 2019)

Lord Davies of Oldham: ...operation of universal credit is something which the Government ought to be thoroughly ashamed of. There have been not inconsiderable economic resources devoted in these last few years to a no deal Brexit, as the Government wrestle with the consequence of the strategy they have been pursuing, which is clearly fraught and has divided the nation in a very dramatic and sad way. We all know...

Brexit: European Investment Bank (European Union Committee Report) - Motion to Take Note (16 Jul 2019)

Lord Davies of Oldham: ...the very wealthy in our society, or certainly those earning over £80,000—but is that not the same individual whose bus suggested that enormous millions would accrue to the British economy from Brexit? Well, we are defining the reality of Brexit this evening, and we are not talking about hundreds of millions of pounds accruing to the British economy. It is quite clear that the Minister...

Inequalities - Motion to Take Note (13 Jun 2019)

Lord Davies of Oldham: .... But they have the great merit of depressing the unemployment figures, so the Government can congratulate themselves on that. However, it has little to do with the welfare of society. As for Brexit, we already know that the Government have committed considerable resources to a no-deal outcome. They had to, because it was easy to identify some of the immediate consequences of leaving...

Economy: Purchasing Managers’ Index - Question (11 Apr 2019)

Lord Davies of Oldham: ...this Question started on the manufacturing industry, with a reference to the German motor car industry. Is it surprising that Germany is having some problems with its exports, first, in relation to Brexit, and secondly, to standards in the industry, which have caught the Germans out rather badly in recent years? However, four-fifths of the British economy is services, so what is all this...

UK Convergence Programme - Motion to Approve (9 Apr 2019)

Lord Davies of Oldham: ...technical one with a very short duration so far as the United Kingdom is concerned when we leave the European Union, but the Minister addressed himself to issues as if this extraordinary word “Brexit” had never been coined and the phenomenon had never existed. Every single question that has come subsequently related somewhere to the impact of Brexit. I hope the Minister will reply to...

Spring Statement - Motion to Take Note (20 Mar 2019)

Lord Davies of Oldham: ...services long experienced by the British people, who are now complaining stridently about it. Of course, as my noble friend Lord Hain pointed out, the Chancellor’s reasoning is that the Brexit shadow is still as dark as ever over the British economy. That makes economic forecasting exceptionally difficult—a position readily acknowledged by the OBR, which based its forecasts on an...

Brexit: Economic Impact - Statement (20 Feb 2019)

Lord Davies of Oldham: ...the Government’s industrial strategy on the point of collapse and our car industry showing the enormous stresses and strains of the way the Government run the economy and their attempt to secure Brexit on appropriate terms, that Ministers can trot out these ridiculously optimistic propositions on how the economy will fare? Is it not the case that all the Government’s proposed options...

Finance (No. 3) Bill - Second Reading (and remaining stages) (7 Feb 2019)

Lord Davies of Oldham: My Lords, this has been an excellent debate, although the participation numbers are a long way below the usual ones. That is a reflection of the exhaustion which Brexit has brought on noble Lords as we have discussed whether we can see the future of the economy with any accuracy at all in the context of that issue. I think a number of noble Lords are holding their weapons ready for the point...

Financial Services (Implementation of Legislation) Bill [HL] - Report (29 Jan 2019)

Lord Davies of Oldham: ...by some help from the other place. Apparently, in her speech to the House of Commons this afternoon, the Prime Minister said that she would return to Brussels to seek a significant change to the Brexit withdrawal agreement. She did not use the word “major” but “significant”, a word that we are seeking to enjoin the Minister to appreciate. However, I will not press that rather...

Financial Services (Implementation of Legislation) Bill [HL] - Second Reading (4 Dec 2018)

Lord Davies of Oldham: My Lords, Her Majesty’s Opposition support this Bill in principle. The Government have every right, indeed they have a duty, to prepare against the possibility of a no-deal Brexit. A few months ago, when work on the M20 lorry park was first considered, it occasioned some surprise in the nation which had not realised that the Government might need to take constructive action against a...

Brexit: Bank of England Report - Private Notice Question (29 Nov 2018)

Lord Davies of Oldham: ...and to be in a position to offer warnings to the Government. The basis of the warnings is the preparedness of British industry and commerce to adjust to the catastrophic position of a no-deal Brexit and to the Government’s proposed position. Is it not clear that the Minister needs to convey to his colleagues that there is enormous anxiety about the lack of preparation for the development...

Brexit: Economic Analysis of Various Scenarios - Statement (28 Nov 2018)

Lord Davies of Oldham: ...to the noble Lord for that short series of comments on this important issue. Of course Her Majesty’s Opposition respects the referendum result but no one can offer much respect to the botched Brexit negotiations, in which the Prime Minister neither meets our six points nor her own red lines. Do the Government accept that the choice cannot be between her deal and no deal? Do they not...

Economy: Budget Statement - Motion to Take Note (13 Nov 2018)

Lord Davies of Oldham: ...common to so many other local authorities—is not remediable by a small, one-off addition from the Chancellor. It may be an earnest of intent—that if things go well with other matters, such as Brexit, local authorities may be promised greater resources—but at present everybody is aware that there is a crisis, to whose resolution this Budget makes a very limited contribution indeed....

Green Finance - Question (31 Oct 2018)

Lord Davies of Oldham: ...and Sweden. He has to recognise that there are aspects of government policy, such as fracking and the fact that the Government are reducing their subsidies for green energy—I will not mention Brexit at this stage—that must cause concern among investors and help to produce a rather more depressing picture than the Minister has suggested.

Brexit: Economic Forecasts - Question (24 Oct 2018)

Lord Davies of Oldham: My Lords, the Minister is answering on a hope and a prayer. In this age of uncertainty, to claim categorically that Brexit will be beneficial to the nation is extraordinary. Will he not accept that economic predictors in the past have been broadly correct? They have been right over the last seven or eight years that the economic growth rate in the United Kingdom would decline to one of the...

Taxation (Cross-border Trade) Bill - Second Reading (and remaining stages) (4 Sep 2018)

Lord Davies of Oldham: ...regard as the proper outcome of these negotiations but which the Government have never said they contemplated and which the British people certainly never expected: that the only outcome is a hard Brexit and a fall back on the World Trade Organization. Noble Lords in this debate have identified the potential difficulties for the nation if we fall into that position. I will keep my...

Economy: Personal Savings - Motion to Take Note (12 Jul 2018)

Lord Davies of Oldham: ...his maiden speech. The noble Baroness, Lady Altmann, reflected on the fact that we will benefit from his contributions in the years to come. However, with the present level of national debate on Brexit, I imagine that we will be hearing from the noble Lord in our debates in the slightly shorter term. Secondly, I congratulate the noble Lord, Lord Leigh, on introducing this debate—not...


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