Results 41–60 of 1300 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 Maples

Business of the House: Government Information (Unauthorised Release) (4 Dec 2008)

John Maples: Prior to 1989, the Government could have used the Official Secrets Act in this case. The Home Secretary is sitting next to one of the world experts on the Official Secrets Act, who will be able to remind her that in 1989, almost exactly 20 years ago to this day, the then Conservative Government amended the Official Secrets Act to restrict the application of the criminal law to a very narrow...

Oral Answers to Questions — Prime Minister: Local Government Finance Settlement (26 Nov 2008)

John Maples: The VAT reduction of 2.5 per cent. is worth about £200 a year for somebody on £20,000 a year. A 5 per cent. increase in council tax will absorb about a third of that, so I urge the Minister to use the capping powers that he threatened to use, and to do so in a draconian way, hopefully keeping council tax increases below 3 per cent., rather than below 5 per cent. He specifically mentioned...

Business of the House (20 Nov 2008)

John Maples: May I support the request for an early debate on the state of the economy? I should personally like the opportunity to explain, and apologise for, a phrase that I used on Monday, when I said that the recession must run its course. I realise that that may have caused deep offence to victims of the recession. I meant that the economy cannot recover until levels of private sector debt have been...

Cafcass: G20 Summit (17 Nov 2008)

John Maples: The Chancellor, I mean the Prime Minister—he is doing both jobs, I think—is talking as though the economy is not already receiving a huge fiscal boost. The Government will run a deficit this year of £50 billion or £60 billion. If we add all those American banks that went wrong, such as Northern Rock and Halifax Bank of Scotland, it must come to well over £100 billion. The recession has...

Orders of the Day: Banking Bill (14 Oct 2008)

John Maples: The hon. Member for Edinburgh, North and Leith (Mark Lazarowicz) makes some interesting points about international institutions. We have the Bank for International Settlements and the IMF. I hope that whatever additional role is needed can be found through them, rather than by inventing new institutions. It is a matter not of institutions but of political will to solve these problems. That is...

Orders of the Day: Banking Bill (14 Oct 2008)

John Maples: The right hon. Gentleman makes a fair point. The only point that I am making is that if in future the taxpayer or all of us collectively through a deposit insurance scheme are to pick up the costs, people cannot be left free of the consequences of choosing the more risky investment. Whether it is triple A or double A, most would recognise that depositing money with Lloyds bank—at least I...

Orders of the Day: Banking Bill (14 Oct 2008)

John Maples: No, I have made my point on that and I want to move on to bank regulation, which is really what the Bill is about and where the failures have been. The fact that the Government have had to underwrite the system in the way that they have and put in unprecedented sums of public money will, I am sure, lead to much tougher regulation. I hope that that regulation will be really intelligent, but I...

Orders of the Day: Banking Bill (14 Oct 2008)

John Maples: No, I want to finish my point. The money supply was growing at 11, 12, 13 per cent. when the Prime Minister was Chancellor. I do not know whether he made any phone calls about it to the Governor of the Bank of England, but he certainly should have done. In the arguments over the Governor's reappointment, that is something that he should have been doing. He has watched the FSA, with the supine...

Orders of the Day: Banking Bill (14 Oct 2008)

John Maples: No, I shall not give way; I want to finish my remarks. The Prime Minister tends to seek refuge in the notion that the crisis is all the fault of the United States, but the United Kingdom banking system was and is his responsibility. Yesterday, he made an interesting speech to Reuters. Anyone reading it would think that it had been made by some visiting consultant who had been hired a couple...

Orders of the Day: Banking Bill (14 Oct 2008)

John Maples: We are living in extraordinary times now, but looking forward or backwards a little, is not the problem with total protection or the 100 per cent. guarantee of deposits up to £50,000 that it draws in the depositor's mind no account of risk at all? That is why people invested in Icesave and Northern Rock. They risked their life savings for an extra 0.5 per cent. a year. To go back to the...

Oral Answers to Questions — Children, Schools and Families: Financial Markets (13 Oct 2008)

John Maples: The next Conservative Government are looking forward to selling back these shareholdings at a considerable profit. One of the things that might endanger that is a return to 2007 levels of mortgage lending. The Chancellor said that that applied only to RBS, HBOS and Lloyds, but those first two were the two worst offenders. I do not know whether the Chancellor is still a monetarist, but that...

Points of Order (13 Oct 2008)

John Maples: On a point of order, Mr. Speaker. Documents published this weekend under the Freedom of Information Act 2000 show that my hon. Friend the Member for Mid-Worcestershire (Peter Luff) and I were deliberately misled in the House in November 1997 by the then Prime Minister about the Ecclestone affair. The documents show that the Prime Minister had decided on 16 October of that year to seek a...

Orders of the Day: Dormant Bank and Building Society Accounts Bill [Lords] (6 Oct 2008)

John Maples: The point that I was making earlier was that, although the Bill is well conceived—I have no objection to the idea of taking dormant deposits and spending them on good causes—it was, as the Chief Secretary has acknowledged, conceived in a very different banking environment. One of the problems that the Chancellor is trying to deal with is the capital adequacy of the banks, and there will...

Olympics: Financial Markets (6 Oct 2008)

John Maples: This is the worst problem that any Chancellor of the Exchequer has faced for a very long time indeed, and I am sure that the whole House wants to be able to support him in whatever proposals he makes to deal with it. He has done a lot on the liquidity front, but he has done relatively little, if anything, on the capital adequacy front. I urge him to address that problem fairly quickly,...

Oral Answers to Questions — Home Department: House of Lords Reform (14 Jul 2008)

John Maples: As an opponent of an elected second Chamber, as is everyone else who has spoken on this statement, may I say that I wholly support the Secretary of State's policy of what appears to be endless consultation on the issue? The process looks likely to reach 100 years, and perhaps it could then be given a decent funeral. I return to the point about accountability made by the hon. Member for...

Orders of the Day: Climate Change Bill [Lords] (9 Jun 2008)

John Maples: Until a couple of months ago, I was happily riding this consensus and basically accepted the received wisdom. I thought that it was probably being exaggerated a bit, but then people usually do that in making a case. However, I then made the mistake of reading a few books and quite a lot of analysis, particularly of the Stern report. That has led me to a couple of conclusions that trouble me a...

Orders of the Day: Climate Change Bill [Lords] (9 Jun 2008)

John Maples: The models on which the policy of the party of the hon. Member for Morley and Rothwell (Colin Challen) is based cannot account for that cooling, and none of them predicted the constant temperatures that we have had for the past seven years.

Orders of the Day: Climate Change Bill [Lords] (9 Jun 2008)

John Maples: No, I want to get on with my argument. It is not the temperature itself that is important but the effects to do with water, food, coastlines and health, almost all of which are amenable to our ability to adapt. Anybody who doubts that should read Bjørn Lomborg's book, which is a seriously reasoned analysis of the costs of dealing with those issues through the Kyoto process and through...

Orders of the Day: Climate Change Bill [Lords] (9 Jun 2008)

John Maples: I was coming to that point. On, the Government's renewables target of 20 per cent., a leaked document went to The Guardian recently, which said that the Government's own predictions of the costs were between £18 billion and £22 billion a year. That is £400 a person, or £300 a week for every family of four in the country. All I can say is you run on that policy at the next election, and...

Orders of the Day: Climate Change Bill [Lords] (9 Jun 2008)

John Maples: I expect that you will be corralled into it, too, Madam Deputy Speaker. Let us take three points. Over the past 150 years, sea levels have risen by about 30 cm, which is the predicted rise for the next 100 years. Okay, it will happen slightly quicker, but we coped with that rise perfectly easily over the past 150 years so we can cope with it over the next 100 years. Secondly, we have urban...


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