Results 61–80 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

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

John Maples: No, I am sorry. I want to make these points myself. We are a very adaptable people, and we can achieve much more by pursuing economic growth, and as we are richer, applying the technology that we have and that we develop to deal with these issues. In the 2003 heatwave, there was a huge amount of publicity concerning the 2,000 additional heat-related deaths in London, but every year 25,000...

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

John Maples: The main criticism of the Stern review is the discount rate that it uses. It is quite difficult to work out what it is because Stern does not tell us, but, working backwards, it looks like about 1.3 or 1.4 per cent. He gets that from saying that the value of our generation and the one living in 3,000 years' time is the same—there should be no pure-time discounting at all. He uses 0.1 per...

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

John Maples: Until our right hon. Friend the Member for Hitchin and Harpenden (Mr. Lilley) spoke, there was much discussion in the debate as though all the science was settled, but my reading of it is that that is simply not true.

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

John Maples: One of the other things that puzzles me—I do not know whether my hon. Friend has thought about it—is that the media and commentators in the media seem to be wholly lined up behind the Government and the Stern analysis of the problem. They never seem to mention the things that my hon. Friend is talking about.

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

John Maples: After the Bill abolishing slavery was passed by the House, the British Navy patrolled the Atlantic, stopping other countries indulging in the slave trade. Is the hon. Gentleman suggesting that we do the same with global warming?

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

John Maples: Bush.

Banking (Special Provisions) Bill [Ways and Means]: Clause 6 — Transfer of property, rights and liabilities (19 Feb 2008)

John Maples: The Government turned down the only decent offer that they received. Lloyds bank was prepared to buy it with a Government guarantee or loan, which was a quarter of what the Government now have on the table.

Banking (Special Provisions) Bill [Ways and Means]: Clause 6 — Transfer of property, rights and liabilities (19 Feb 2008)

John Maples: The problem is actually worse than the hon. Gentleman has described, as Granite's loan-to-value ratio is more than 100 per cent. Mortgages are placed in Granite to securitise a loan that is for a smaller amount so, if the security had to be exercised, the mortgages could be sold at a discount. I think that what is left is actually worse than the hon. Gentleman is making out.

Orders of the Day: Banking (Special Provisions) Bill (19 Feb 2008)

John Maples: The right hon. Member for Holborn and St. Pancras (Frank Dobson) should applaud all the losses, because they have been a gift of billions of dollars from big international banks to poor people who could not otherwise have got mortgages; I would have thought that he would be in favour of such Robin Hood-ery. I want to make a couple of points. If a bank were not involved, we would not be...

Orders of the Day: Banking (Special Provisions) Bill (19 Feb 2008)

John Maples: It has a cash flow from mortgage repayments and interest payments. Serious consideration should have been given as to whether the bank should just sit back, make no new loans, collect the interest and repayments on debts as they flow in, and, if and when the market recovers, perhaps securitise and sell off some of the other mortgages. That would be the fastest and probably the most secure way...

Orders of the Day: Banking (Special Provisions) Bill (19 Feb 2008)

John Maples: Yes, of course I understand that. It may be possible, if market circumstances change, to refinance those vehicles and the other mortgages that are not within them. However, I still think that the securest way of the taxpayer getting their money back is for the company to stop doing new business, stop making new loans and just collect the cash flow as it comes in. That would pay off the...

Orders of the Day: Banking (Special Provisions) Bill (19 Feb 2008)

John Maples: Will the right hon. Gentleman give way?

Orders of the Day: Banking (Special Provisions) Bill (19 Feb 2008)

John Maples: Will the right hon. Gentleman give way?

Orders of the Day: Banking (Special Provisions) Bill (19 Feb 2008)

John Maples: rose—

Orders of the Day: Banking (Special Provisions) Bill (19 Feb 2008)

John Maples: I completely understand the hon. Gentleman's situation with his constituency; in his position, I might think the same thing. However, I do not think that he can argue that putting the bank into liquidation, for instance, and freezing the situation as it is now—we are told the loan book is good—would leave the taxpayer in a worse position than letting the bank go on, making more and more...

Oral Answers to Questions — Work and Pensions: Northern Rock (18 Feb 2008)

John Maples: The Chancellor does not really believe all this stuff about restructuring Northern Rock, returning it to the market and giving money to the Northern Rock Foundation. His responsibility is to get the taxpayer off the £100 billion hook that that they are on, so that should be first, second, third and fourth on his list. To that end—this is a genuinely honest inquiry—will he explain...

Bill Presented: Members' Allowances (24 Jan 2008)

John Maples: Will the House be able to reach a conclusion on the matter before the summer recess?

Bill Presented: Members' Allowances (24 Jan 2008)

John Maples: I think that I entered the House a little later than the hon. Member for Sunderland, South (Mr. Mullin), but I remember that one of the very first debates that I attended in 1983 was about Members' pay, and exactly the same issues that have been rehearsed today were rehearsed then. We sensibly decided on that occasion to link pay to a grade in the civil service. I did not think that it was...

Bill Presented: Members' Allowances (24 Jan 2008)

John Maples: I will get us into it once. There will be one unpleasant occasion on which we settle this and then we will not have to settle it again, certainly during the hon. Gentleman's political career and mine. It is possible that the issue will return during the political careers of some of our younger colleagues, but I think it will see us out. If we let the editorial writers of the Daily Mail and...

Bill Presented: Members' Allowances (24 Jan 2008)

John Maples: I am sure that none of the people who write those editorials would do the job even for the pay of the chairman of an immigration tribunal, let alone for what we get. I think that we must set our pay. I do not know whether the right level is this level or one considerably higher, but when we settle the uprating mechanism we need to settle the base from which that mechanism will operate. I...


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