Results 61–80 of 1200 for (in the 'Commons debates' OR in the 'Westminster Hall debates' OR in the 'Lords debates' OR in the 'Northern Ireland Assembly debates') speaker:Lord Tunnicliffe

Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019 - Motion to Approve (18 Feb 2019)

Lord Tunnicliffe: My Lords, looking through this statutory instrument to see whether there were any policy shifts, as far as I can understand it, the EEA countries have better protection for their confidential information than third countries do. This statutory instrument takes that special protection away and then requires agreements to be concluded. That would seem to be the wrong way around. I would have...

Packaged Retail and Insurance-based Investment Products (Amendment) (EU Exit) Regulations 2019 - Motion to Approve (18 Feb 2019)

Lord Tunnicliffe: When I read the SI with care, it seemed straightforward and to do its work. I was seeking to see if there was any new policy, and the new policy that I discovered was the Venezuela point. I hope the Minister will be kind enough to write to me explaining whether “all countries” has that worldwide application and why the Treasury does not perceive that there is any danger in such an...

Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 - Motion to Approve (18 Feb 2019)

Lord Tunnicliffe: My Lords, I am afraid that despite my efforts I can find nothing wrong with this statutory instrument. It seems to be perfectly straightforward and necessary to manage the situation. I thank the noble Baroness, Lady Kramer, for reminding us of the LIBOR scandal. It was a dreadful period in British financial services history, and we forget it too easily, I fear. If my noble friend intends to...

Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019 - Motion to Approve (18 Feb 2019)

Lord Tunnicliffe: The suggestion that the EEA does not exist, because we are out of the EU, is surely not valid. Many regulations specify how they apply to different countries. It would be entirely available to the Government to say that the exemption for public moneys should apply to EEA countries and not to other third countries. It is an entirely possible outcome; I am not saying whether it is good or bad....

Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019 - Motion to Approve (18 Feb 2019)

Lord Tunnicliffe: My Lords, in trying to take my role seriously I staggered my way through the Explanatory Memorandum to try to understand this SI. It all seemed pretty straightforward. Basically, at the moment if you have a prospectus approved by an EEA regulator, it can be used in the UK. We are foolishly—no, that is not the party line, is it?—considering crashing out of the EU and we need some...

Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019 - Motion to Approve (18 Feb 2019)

Lord Tunnicliffe: For once, it would be nice to get it right. The Minister is moving that they be approved.

Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019 - Motion to Approve (18 Feb 2019)

Lord Tunnicliffe: Will the noble Lord consider my point on paragraph 2.1 of the Explanatory Memorandum? It assures us that these powers will be used in a narrow way to manage the transition and not to introduce new policy. That is quite a strong statement, but it is nowhere on the record and there is nothing in the instrument to limit the use of the powers mentioned in paragraph 2.1.

Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019 - Motion to Approve (18 Feb 2019)

Lord Tunnicliffe: My Lords, I shall be brief on this instrument and brief to the point of extinction on some of the others. I wish I thought that that would have any significant impact on the length of the debates we are going to have, but I fear that my brevity may be somewhat wasted tonight. Every time we look at a bunch of these instruments, I hope to be forgiven for making the simple, formal statement that...

Flybmi - Statement (18 Feb 2019)

Lord Tunnicliffe: My Lords, I thank the Minster for repeating the Answer to the Urgent Question. Eighteen months ago this House questioned Ministers on the collapse of Monarch Airlines, and we were promised things would change—yet here we are. The Transport Secretary has dithered and delayed for nearly a year in bringing forward new rules on airline insolvencies, so we must ask Ministers what they have been...

Motor Vehicles (International Circulation) (Amendment) (EU Exit) Order 2019 - Motion to Approve (12 Feb 2019)

Lord Tunnicliffe: Well, once again we have in front of us an SI that brilliantly illustrates why we should not leave the EU without a deal. I gather that it rests on two treaties. I commend the noble Baroness, Lady Randerson, for the depth of her research on this issue. Mine was a little more superficial. I quite like the 1968 treaty, which we agreed to ratify 50 years later. I know that it is 50 years because...

Motor Vehicles (International Circulation) (Amendment) (EU Exit) Order 2019 - Motion to Approve (12 Feb 2019)

Lord Tunnicliffe: Good. I share the concern expressed by the noble Baroness, Lady Randerson, about the resources that have been devoted to this. I shall be very happy to be told that I have misinterpreted this, but it seems to me that the day after this treaty becomes active—that is, 29 March 2019—we will have a cliff-edge situation. If we crash out without a deal, motorists will arrive in overseas...

Motor Vehicles (Wearing of Seatbelts) (Amendment) (EU Exit) Regulations 2018 - Motion to Approve (12 Feb 2019)

Lord Tunnicliffe: My Lords, leaving the EU without an agreement is a thoroughly stupid thing to do, but if it happens, this SI is thoroughly sensible and we will not oppose it. My understanding, which I think is the same as that of the noble Baroness, Lady Randerson, is that it is not symmetric: that it does nothing for UK drivers in the EU but sensibly addresses the issue of drivers who would unknowingly be...

Air Services (Competition) (Amendment) (EU Exit) Regulations 2019 - Motion to Approve (12 Feb 2019)

Lord Tunnicliffe: My Lords, I shall speak very briefly on these two instruments—there is no way we will oppose them. The first one is on competition. One’s enthusiasm for scrutinising in depth was somewhat killed by the first sentence in paragraph 7.2 of the Explanatory Memorandum, which says: “The powers in the EU regulation have never been exercised and it is unlikely that they ever will be”. At that...

Air Passenger Rights and Air Travel Organisers’ Licensing (Amendment) (EU Exit) Regulations 2018 - Motion to Approve (12 Feb 2019)

Lord Tunnicliffe: My Lords, I rise wearily to my feet. The first thing I would like to register is my objection to being here. Once again, we are here to discuss a statutory instrument which addresses the issue of what we do if we leave without a deal. It is a deeply depressing pastime, discussing statutory instruments to lead this country into a catastrophic situation. It is also depressing that the...

Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019 - Motion to Approve (11 Feb 2019)

Lord Tunnicliffe: My Lords, it may have been exhaustion, but when I got to this SI, I concluded that it was all really quite straightforward. Having listened to the previous speeches, I am not so sure. The SI seems to be summed up in paragraph 2.8, and it seems to me to be about run-offs in various areas. As far as I could see, the promises in paragraph 2.8 were carried through in the references to the various...

Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019 - Motion to Approve (11 Feb 2019)

Lord Tunnicliffe: I think 8 February was Friday, and I do not do Fridays.

Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019 - Motion to Approve (11 Feb 2019)

Lord Tunnicliffe: My Lords, I thank the Minister for introducing these three SIs. However, once again, it gives me no pleasure to be here; these various SIs have ruined yet another weekend and are in pursuit of an outcome which all sane people believe is stupid and potentially catastrophic. It need not have been this way. Even with the excuse of taking responsible action in case of a no-deal scenario, had we...

Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019 - Motion to Approve (11 Feb 2019)

Lord Tunnicliffe: I thank the noble Earl for that explanation and apologise for misunderstanding him. The task we have is under Section 8 of the European Union (Withdrawal) Act, which is a very narrow task. My concerns are perhaps quite small and detailed, but I think that there is a fundamental concern about the process. There is a generality in political activity whereby what politicians do should be...

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

Lord Tunnicliffe: My Lords, our discussion on this Finance Bill takes place at one of the most interesting—we must not lose sight of the fact that that is a Chinese curse—and unpredictable times in British politics in living memory. During our debate on the state of the economy late last year, the noble Lord, Lord Higgins, noted that he had spoken on 60 Budgets. He observed that the Statement from which...


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