argyrotsipi/train-dataset huggingface dataset:
Greensill Capital — House of Lords, 2021-04-14
Topic: Domestic Commerce
Martin Callanan (Conservative, Centre-right): The noble Baroness makes a number of allegations that are not supported by the facts. Greensill’s applications for accreditation to both CBILS and CLBILS were assessed independently by the British Business Bank on the basis of the separate criteria for those schemes, which were designed to be accessible to a range of lenders in accordance with the goal of supporting lending to businesses impacted by Covid-19. A number of similar companies went through the same process and were also accredited to the schemes.
Greensill Capital — House of Lords, 2021-04-14
Topic: Other
Martin Callanan (Conservative, Centre-right): The Prime Minister has announced a review into this matter. I have seen the media reports the noble Lord refers to, but the Boardman review will cover all available facts. The Government will provide all necessary documentation to that review, and all participants have said that they are willing to provide the appropriate information as well. The noble Lord should give him a chance to do his work and see what he comes up with.
Greensill Capital — House of Lords, 2021-04-14
Topic: Mixed Topics
Martin Callanan (Conservative, Centre-right): The noble Lord is nothing if not firm in the points he makes. I can speak only for the British Government on this, as I suspect he knows very well. I cannot comment on or speak for the Scottish Government on their dealings. Our review will examine matters for which the UK Government are responsible. Perhaps he could take up his concerns about what happens in Scotland with the First Minister.
Chinese Government Sanctions on UK Citizens — House of Lords, 2021-04-14
Topic: Mixed Topics
Stuart Polak (Conservative, Centre-right): My Lords, on 23 February I said in this House that the Uighurs were calling out for justice and freedom. Our colleagues have been sanctioned by the same Chinese authorities who deny the Uighurs justice and freedom. The Minister in the other place, Nigel Adams, said yesterday: "The Prime Minister has made it clear that freedom of parliamentarians to speak out … is fundamental"—[Official Report, Commons, 13/4/21; col. 165.] and that the Government will stand firmly with them. So what does "standing firmly" actually mean, and how does it translate into real action against the Chinese authorities—not nice words, but real action?
Immigration — House of Lords, 2021-04-14
Topic: Immigration
Gloria Dorothy Hooper (Conservative, Centre-right): My Lords, we must all deplore the tragic consequences of people smuggling and recognise the need to turn the tide of illegal immigration. Looking ahead, since primary legislation will be required to implement the new plan, I ask my noble friend the Minister to expand on chapter 9 of the policy statement, concerning the consultation process that started on 24 March. She has touched on this, but can she give us some examples of the stakeholders involved and that will be involved? In particular, can she tell us whether the IMO—the International Maritime Organization—is to be included in the consultation? I think it is the only United Nations body to be based in the United Kingdom with responsibilities for security, among other things.
Immigration — House of Lords, 2021-04-14
Topic: Other
Susan Williams (Conservative, Centre-right): I took the opportunity this morning of seeing how many people have, thus far, replied to the consultation. You can see the rolling number on the website, and it is well over 7,000 to date. As for telling my noble friend who might have replied, I could not see a list on the website. I probably cannot see that until the consultation is complete, but I will look into it for her. I take her point about that one body based in the UK and will see if I can give her any further information on that.
Immigration — House of Lords, 2021-04-14
Topic: Immigration
Susan Williams (Conservative, Centre-right): I have been most grateful for the discussions that the right reverend Prelate and I have had on this subject, particularly around integration and community sponsorship. For all that we talk about the laudable Dubs scheme, very few people—the right reverend Prelate excepted—have made reference to this. It will integrate people into communities very quickly and smoothly; it is such a commendable scheme. I thank the Church of England, and indeed the Catholic Church, for the role they have played in it As for accommodation and destitution, of course we are not a country that would legislate to enable people to be made destitute, but what we seek through the consultation is quite broad. We do not want to pre-empt what the consultation might throw up. For accommodation, we have Home Office accommodation that we have used, and we have had to use temporary accommodation throughout the pandemic. I will be very interested, as I am sure the right reverend Prelate will, in what the consultation yields for us to consider.
Immigration — House of Lords, 2021-04-14
Topic: Immigration
Susan Williams (Conservative, Centre-right): The answer to the second question is that criminality is what yields the worst outcome for people genuinely claiming asylum. Either they do not get here because they drown at sea, or their money gets taken from them and they are left in a very precarious position. Therefore, the safe and legal ambition of the Home Office is to try to come down hard on criminals, while also protecting people who genuinely need asylum here. The noble Baroness asks about the claims, and why we cannot process them quickly. That is exactly what we are aiming to do through our new asylum system—through the one-step process—so that people cannot bring vexatious claims time and time again, including on the steps of a plane. We will be able process people much more quickly. This House has constantly pressed me on this, and I do not disagree: why can we not deport people quickly and why can we not process claims quickly? That is precisely what is outlined in our new plans.
Immigration — House of Lords, 2021-04-14
Topic: Immigration
Sandip Verma (Conservative, Centre-right): My Lords, does my noble friend agree that it is really time now to rethink how we spend money in countries where there is need for investment—whether in development or through the Foreign Office in relationship building—so that people do not feel desperate to leave their shores to come across dangerous channels? Maybe a real rethink needs to happen across government and all sectors involved in supporting refugees when they do get here. For those who have come here, will my noble friend the Minister consider, rather than not helping, skilling them up so that when they are returned home they have a skill to offer in the countries they come from, are not minded to leave their countries of origin, and instead stay there and build those countries up?
Immigration — House of Lords, 2021-04-14
Topic: Immigration
Susan Williams (Conservative, Centre-right): My noble friend makes two very important points. There is an assumption sometimes that asylum seekers are poor and without skills—that is absolutely not the case. Many are incredibly skilled. One of the conversations I had with the right reverend Prelate the Bishop of Durham was about how people can get straight into the immigration system should they have the skills we require. Also, on my noble friend’s point about spending money in other countries, not only is it a good idea to help people in their country of origin, many of them want to stay in their country of origin and do not want to come here. A pound spent in a country of origin is spent far more efficiently in terms of the number of people you can help.
Immigration — House of Lords, 2021-04-14
Topic: Immigration
Susan Williams (Conservative, Centre-right): I disagree that we have closed down routes. The Dubs scheme specified a number, which was subsequently increased to 480. It was based on the ability of local authorities to take children—the noble Lord shakes his head, but he knows that. We did not close it down; we successfully completed it. As for Dublin, we left the European Union, so we were never going to continue it. As I said during the passage of the immigration Bill, all the routes would continue to be open and we are now in consultation on what our new sovereign borders and immigration system will look like.
Immigration — House of Lords, 2021-04-14
Topic: Immigration
Patrick Cormack (Conservative, Centre-right): My Lords, I hope that my noble friend will forgive me for being specific and parochial, because I am sure that she will agree that any long-term immigration policy must allow for the free movement of people who have legitimate work to do for British employers. Those who grow our fruit and flowers have this year not been able to get the regular supply of labour on which their industry depends. I am particularly mindful of south Lincolnshire. The local television programmes night after night during the Easter period showed fields of rotting daffodils. This is a tiny thing in comparison with what many of my colleagues have raised, but it is important. Can she assure me that everything will be done to ensure that a genuine free movement of labour of people who have regular jobs to do will be able to continue?
Immigration — House of Lords, 2021-04-14
Topic: Immigration
Susan Williams (Conservative, Centre-right): My Lords, our new immigration system is skills-based. Free movement obviously ended under our leaving the EU. I empathise with my noble friend’s point, but the whole world is about to enter a period of economic challenge. It behoves employers in this country to employ people from this country to do the jobs needed in this country.
Financial Services Bill — House of Lords, 2021-04-14
Topic: Domestic Commerce
Sheila Masters (Conservative, Centre-right): My Lords, I shall speak only in respect of Amendment 35. My noble friend’s amendment is very well intentioned, covering financial exclusion and basic bank accounts. Despite basic bank accounts having been in existence for nearly 20 years now, there remain problems with take-up. The know-your-customer rules, about which my noble friend Lord Holmes of Richmond raised concerns in Committee on this Bill, also make life difficult for individuals trying to access them. It is no secret that the banks regard basic bank accounts as a costly burden that they have to bear, which is probably at the heart of some of the issues.
Financial Services Bill — House of Lords, 2021-04-14
Topic: Mixed Topics
Lucy Neville-Rolfe (Conservative, Centre-right): My Lords, I offer a few words of caution on the subject matter of Amendment 35 in the name of my noble friend Lord Holmes of Richmond, who has done so much to promote financial and digital skills since we joined the House together in 2013. The amendment is concerned with the very real problem of the "financially excluded", in today’s jargon. This problem is of long standing. Under the description of the poor, the New Testament informs us that "they will always be with us", and similar quotations can be made from the Old Testament. More recently, as just mentioned by the noble Baroness, Lady Bennett, we have had good reports on the subject from our own committees Experience shows that another ancient saying is also relevant and helpful. I refer to the injunction on doctors when seeking to treat disease—"first do no harm". Unfortunately, this latter injunction was not followed when the United States authorities sought to improve the lot of the financially excluded, which arguably led to the subprime crisis of 2008 in the United States, or at least made that crisis much worse than it would otherwise have been. Noble Lords will recall that, when it came to the attention of the federal authorities in the United States, some communities, called marginalised groups, received fewer house loans per head than others. The lenders concerned were threatened with prosecution under federal laws on discrimination. That was a major factor behind many subprime loans being made, which those receiving them had no real likelihood of being able to repay. Such loans were included in bundles sold to investors, which in many cases inevitably defaulted. The end result was a crisis in which some of the worst affected were those who had received the subprime loans in the first place—namely, the financially excluded, whom we are trying to help None of this argues against the amendment before us proposed by my noble friend Lord Holmes, although I note that my noble friend Lady Noakes has some reservations. We always need to listen to her because of her great expertise in this area. However, it shows that, in efforts to improve the lot of the financially excluded, we need to proceed with as much prudence and attention to the risks to them and more broadly, as we do in pursuing other wider objectives.
Financial Services Bill — House of Lords, 2021-04-14
Topic: Domestic Commerce
Anne McIntosh (Conservative, Centre-right): My Lords, I am delighted to support government Amendment 14, and congratulate my noble friend and the ministerial team on listening to concerns expressed across the House, and in particular, in echoing my noble friend Lord Holmes, for introducing the follow-up provisions under the affirmative procedure. I will also address, perhaps more supportively than other noble Lords, my noble friend’s Amendment 35. I must say that I am increasingly envious of my noble friend Lady Noakes and, in particular, the rather splendid account that she had previously with the Bank of England. She must be torn, not wanting to destroy her rather splendid cheque book. For security purposes, she might err on the side of caution and do so My noble friend Lord Holmes of Richmond has done the House a great service by raising this issue. Yes, we can debate whether it should be a Bank of England account, which I understand no longer exists; perhaps this is not the right time to revisit that. I have become increasingly concerned—as, I know, have many in consumer circles with much greater knowledge than I about this—by the way in which one’s credit score can be disadvantaged. All sorts of extraordinary things seem to be happening at the moment, without us even knowing. We are apparently encouraged to do regular credit checks; I did, and was delighted to see that on one, the Experian account, my credit score was sound. But apparently the Government have discontinued Experian, so I do not know to whom to address that in future This raises the issue of those who have a poor credit score and are having trouble finding a bank account. My noble friend Lord Holmes has identified the difficulties in doing so. If it is not the wish of the Government to support the terms of Amendment 35, I hope that the Minister responding to this debate will nevertheless look carefully at the circumstances by which it is becoming increasingly difficult for those with poor credit scores to access even the most basic banking services I understand what my noble friend Lady Noakes said about how we are coming under increasing commercial pressure to make banks’ retail services financially viable. This is causing great concern for those of us in rural areas, because it is increasingly difficult to keep small rural branches open. To me, they perform a social function as much as anything, particularly for local shops, in banking their cash, allowing them to access bank accounts and, for example, banking their money when there has been a local mart. My noble friend has identified these very real concerns and I hope that the Government look on them sympathetically.
Financial Services Bill — House of Lords, 2021-04-14
Topic: Domestic Commerce
Michael Morris (Conservative, Centre-right): This is an important Bill and I record my formal thanks to my noble friends on the Front Bench for the way that they listened to the earlier debates. Here, we have evidence in this first set of amendments, certainly Amendment 14, that not only have they listened but we are getting a positive response Amendment 14 is good and I support it. I am delighted to hear that we will have a consultation with stakeholders. I wonder whether Her Majesty’s Government could produce a list of those whom they think they are going to consult, because a number of us know a fair amount about the fringes of the financial world and there may be a section missing On buy now, pay later, I remember that when I started buying things that I could not afford there was a technique called hire purchase. That was very similar and there were all sorts of arguments when I got into politics, while HP was still active, on the nuances of the HP world. The same applies now, so I say well done on Amendment 14. I look forward to seeing the consultation and hope to take part myself. As someone who has sat in the chair, I will welcome enormously having an affirmative resolution when it comes back. I also ask my noble friend the Minister to make sure that the Financial Ombudsman Service and claims management companies fall within the circumference of this consultation, because they are important to this large market. It is buy now, pay later, in a sense, but not the modern version; it was historically called home-collected credit.
Financial Services Bill — House of Lords, 2021-04-14
Topic: Civil Rights
Nicholas True (Conservative, Centre-right): My Lords, I am confident that your Lordships’ Official Report is breakfast-time reading for every member of the Court of Protection, as indeed for every other citizen in this kingdom. I assure my noble friend that we will make sure that all those interested are made aware of the arguments that he and others have put before the upcoming meetings that have been referred to On going forward, I assure my noble friend that the Government will be happy to provide updates on progress on this matter to Parliament. We are very happy to continue the conversation with him, particularly on the issues that he has just raised.
Financial Services Bill — House of Lords, 2021-04-14
Topic: Domestic Commerce
Michael Morris (Conservative, Centre-right): I thank the noble Baroness, Lady Bowles, for raising these issues. All three of the amendments that she has tabled are important. They are to do with the FCA and PRA regulators, and I agree with them. However, I am particularly concerned about the FCA and its linkage to the Financial Ombudsman Service, the FOS, and how that is reported to Parliament. There seems to me a particular concern in this area I will take just one key case history. The leading company in the home-collected credit market has been around for 150 years. It has basically produced a credit product of choice for working-class communities for all that time. It is small-scale. It is now suffering from regulatory indifference. There is a model here for home-collected credit that works. It is flexible and forgiving and is the right design for consumers on a low income. The FCA has traditionally supported it and given it a tick all along the line. To put what has happened bluntly, the Financial Ombudsman Service has ignored the understanding of this market, which is part of the consumer credit loan market, and lumped it all together The net result is that the FOS is basically taking a summary judgment approach to complaints involving all HCC firms. It is therefore faced with a huge volume of complaints manufactured by the claims management companies. To get round this huge volume, instead of playing its statutory role and looking at each claim on its merits, it is taking a short cut. It is saying, "Okay, we’ll look at 25 properly; anything above that, we won’t"—and so it goes on. That is quite wrong—so wrong that there must be some parliamentary means of ensuring that the FCA carries out its role in relation to what the FOS should be doing, in the knowledge, of course, that the FOS is an independent body. So there is a lack of linkage somewhere in this, which should be another area for parliamentary scrutiny. That was only a shorthand case history, but it demonstrates that what is behind the amendments tabled by the noble Baroness, Lady Bowles, has great value. I shall think very seriously about supporting them, depending on what my noble friend on the Front Bench chooses to say in his closing words.
Financial Services Bill — House of Lords, 2021-04-14
Topic: Domestic Commerce
Frederick Richard Penn Curzon (Conservative, Centre-right): My Lords, it is a pleasure to turn once again to the issue of parliamentary accountability of the financial services regulators, and I thank all noble Lords who have contributed to this good debate. This is an issue of considerable importance to many in this House and, indeed, has been a central topic of debate during the passage of the Bill Each amendment in the group proposes different things but I know that at the heart of them all is a desire for reassurance from me, as Minister, that the Government agree with the regulators that Parliament has a unique and special role in relation to the scrutiny and oversight of the financial services regulators. I therefore take this opportunity to give the House that assurance. It is Parliament that ultimately sets the regulators’ objectives and, of course, right that it has the appropriate opportunity to scrutinise the work of the regulators and their effectiveness in delivering the objectives that Parliament has set them. This most certainly includes the way in which the regulators exercise their rule-making powers but also encompasses their wider work on supervision and enforcement across the financial services sector Noble Lords will, I hope, have had a chance to read the letters of 19 March from Nikhil Rathi, the CEO of the FCA, and Sam Woods, the CEO of the PRA, that I have deposited in the House Library and the Royal Gallery. Those letters can properly be interpreted as a commitment to the openness and sincere co-operation which the noble Baroness, Lady Bowles, said she sought. I do not in the least detect the complacency that the noble Baroness, Lady Kramer, said she detected in the letter from Nikhil Rathi. Perhaps I may quote the sentence that she cited. He said: "We are committed to ensuring that Parliamentarians have the information they need to scrutinise our policy and rule proposals, particularly during consultation" I do not detect any shadow of qualification to that commitment. Sam Woods, chief executive of the PRA, wrote: "When we publish consultations, we always stand ready to engage with Parliament." So the regulators have clearly demonstrated that they have heard the views expressed by noble Lords during the passage of the Bill. Despite the reservations of my noble friend Lady Noakes, I hope noble Lords accept that these letters take us forward in a meaningful and material way.
Financial Services Bill — House of Lords, 2021-04-14
Topic: Domestic Commerce
Ralph Matthew Palmer (Conservative, Centre-right): My Lords, it is clearly acknowledged that there is a problem. It is evident to me that this is exactly the sort of problem that the Government ought to sort out because, as my noble friend Lady Noakes said, we have no business landing this on the lending community. It is our responsibility. The Bill is an opportunity to make sure that something is done, and I very much hope that we take it.