Results 1–20 of 100 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 Blackwell

Committee (1st Day) (13 Jan 2009)

Lord Blackwell: I have some sympathy with my noble friend's amendment but, like the noble Lord, Lord Newby, I wonder whether three years is a slightly arbitrary timescale. It seems to me that the intent behind "temporary" is important. The intent is for this legislation to be used to bring about restructuring, and I wonder whether an alternative way of achieving this objective is to require the Government,...

Committee (1st Day) (13 Jan 2009)

Lord Blackwell: The Bill states: "Objective 5 is to avoid interfering with property rights". Clause 4(9) states: "The order in which the objectives are listed ... is not significant; they are to be balanced as appropriate in each case". In considering this amendment, we need to understand whether the objective, "to avoid interfering with property rights in contravention of a Convention right", is merely...

Energy: Carbon Capture and Storage — Question (14 Jan 2009)

Lord Blackwell: My Lords, I recognise the importance of carbon capture but, given the potential energy shortage in the next decade, will the Government commit to not stand in the way of new build coal power stations while we are waiting for CCS to become available?

Banking Bill: Committee (2nd Day) (14 Jan 2009)

Lord Blackwell: Can the Minister clarify the nature of board membership in this situation? It is important that we understand whether the directors appointed through the public sector to represent the public sector interest will be classed as independent directors, or whether they will be connected persons who are representing directly a particular shareholder interest—that is, the Government. In a normal...

Banking Bill: Committee (3rd Day) (19 Jan 2009)

Lord Blackwell: I have sympathy with the amendment proposed by the noble Lord, Lord Eatwell, not just for equity reasons, but because, if there is speculation that a bank might be taken into the special resolution regime, it is important that people do not close down positions in advance, thereby precipitating a need to take action. Is the Minister saying that it would be appropriate to compensate...

Financial Markets — Statement (19 Jan 2009)

Lord Blackwell: My Lords, in assessing whether these measures are now adequate to the task, do the Government have a target for the level of credit they believe is necessary to support the economy in the next year to replace the previous aspiration of banks continuing to lend at 2007 levels? It is clear from the Statement that bank credit is contracting in the economy, both because, as the Minister said,...

Banking Bill: Report (2nd Day) (3 Feb 2009)

Lord Blackwell: My Lords, I wonder with some temerity whether, at this late stage of the legislation, the House and the Government might consider some modest constitutional innovation to deal with the conundrum raised by the amendments. The Government's case, as I understand it, is that if, late at night in the last knockings of doing some deal, a provision is found in some law that prevents the deal from...

Banking Bill: Report (2nd Day) (3 Feb 2009)

Lord Blackwell: My Lords, in responding to these amendments, I wonder whether the Minister could clarify the relationship between any report from the Treasury, with or without this amendment, and the disclosure requirements likely to be on the board of the company which receives the assistance. I should have thought that any such assistance would be a market-sensitive fact which would normally have to be...

Pensions: Public Sector — Question (9 Feb 2009)

Lord Blackwell: My Lords, has the Minister seen the recent estimates published by the Institute of Economic Affairs that suggest that public sector pension liabilities are now close to £1,000 billion and increasing at a rate of over £100 billion a year? Does the Minister accept that if that were applied across the whole of the economy, it would mean that something like 30 per cent of our GDP was being...

Banking: Money Supply — Question (10 Mar 2009)

Lord Blackwell: My Lords, in embarking on this policy, which I accept is necessary, will the Minister say whether the Bank of England is still operating solely to a target of future inflation levels or now adopting a target related to the expansion of credit or nominal GDP?

Saving Gateway Accounts Bill — Second Reading (17 Mar 2009)

Lord Blackwell: My Lords, before speaking on the Bill, I draw attention to my interests as listed in the Register of Members' Interests, and in particular my capacity as a director of a life assurance company. For my part, I welcome the explanation that the Minister has given of the Bill and its objectives. We must recognise that it is something of a mouse of a Bill compared to the scale of the challenges...

Postal Services Bill [HL]: Committee (2nd Day) (31 Mar 2009)

Lord Blackwell: While I have sympathy with the objectives of my noble friend's amendments, we must be cautious about the appropriate role of Parliament versus the Executive here. There is a point at which the role of Parliament is to define objectives and give the Government permission to take a course of action, but Parliament should then let the Executive get on with it while holding them to account. I...

Policing and Crime Bill: Committee (2nd Day) (1 Jul 2009)

Lord Blackwell: I intervene briefly simply to ask the Minister to clarify one point. It is clear listening to this debate that these are very difficult issues. I wonder whether he can clarify the intent behind subsection (2)(b) of new Section 53A. This provision states that it is irrelevant, "whether A is, or ought to be, aware that C has used force, deception or threats". It seems to me that the way in...

EU: Lisbon Treaty — Question (6 Jul 2009)

Lord Blackwell: To ask Her Majesty's Government whether they will reconsider the holding of a referendum on the Lisbon treaty.

EU: Lisbon Treaty — Question (6 Jul 2009)

Lord Blackwell: My Lords, I thank the Minister for that reply. Does he accept that, since Parliament debated this matter, in the recent European elections the majority of UK MEPs were elected on manifestos opposed to the Lisbon treaty? Given that and the concern for democratic renewal, is there not a case for saying that those in favour of the Lisbon treaty would now be well served by calling for a...

Banking (Special Provisions) Bill (21 Feb 2008)

Lord Blackwell: Since I was not able to intervene yesterday, I should start by declaring my interest as a director of a UK financial institution. The argument that has been made for maintaining the openness of the measure, apart from the hybridity point, is that in an uncertain market there may be other occasions where banks fall into difficulties. We need to understand that, even if the Government were...

Climate Change Bill [HL] (25 Feb 2008)

Lord Blackwell: My Lords, I have not intervened before in our consideration of the Bill but I hope that the House will forgive me if I intervene briefly to explain why I cannot support my Front Bench on the amendment. It is misconceived for two reasons. First, as the noble Lord has just said, the notion that defining a temperature 2 degrees above pre-industrial levels is the right temperature is entirely...

European Council: 13-14 March 2008 (17 Mar 2008)

Lord Blackwell: My Lords, will the noble Baroness explain a couple of points in the communiqué? Like other noble Lords, I scan these communiqués avidly for evidence of added value from Europe, but I struggle to understand the conclusion on page 3 that the European Council recognises the role of local and regional level in delivering growth and jobs and asserts that increased ownership of the growth and...

European Union (Amendment) Bill (1 Apr 2008)

Lord Blackwell: My Lords, it is a great privilege to follow the noble Baroness, Lady Williams of Crosby, but, as we are at the start of a long journey on the Bill today, I should make clear at the outset that I do not share her assessment. I believe that this is a bad Bill for Britain and a bad treaty for Europe. This is not because I do not value our relationship with Europe but because I believe that this...

European Union (Amendment) Bill (22 Apr 2008)

Lord Blackwell: I support my noble friend's amendment and speak to Amendment No. 125 in my name, which is in the same group. Like other noble Lords, I should very much like to get down to the substance of these treaties but it is difficult when the Government continue to deny in effect the substance of what we are supposed to be debating—the consolidated text, or the end result of it. This is not a...

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