argyrotsipi/train-dataset huggingface dataset:
Retirement of the Clerk of the House — House of Commons, 2019-02-13
Topic: Other
Hilary James Benn (Labour, Centre-left): Thank you very much indeed, Mr Speaker. I join all those who have spoken so eloquently and beautifully in tribute to Sir David in rising to share with the House just two memories of him. It is a great pity that he is not present. I do not know whether it is natural modesty on his part or a tradition of the House that the Clerk is not here in person to hear the tributes. If it is the latter, there is an act of modernisation yet to come, and I hope that those who lead on such things will take due and careful attention Reference has been made to Sir David’s wit, and I first encountered it one sunny morning when I arrived off the underground and came across Sir David getting off his bicycle in New Palace Yard. I greeted him cheerily and said, "So, how long does it take you to cycle in every day, David?" and he looked at me with a stern face and then his eyes twinkled and he said, "About a minute longer every year." If my maths is any good, after 40 years that must be a hell of a bicycle journey into the House of Commons The second memory is of a much more sombre and sad occasion. It was the day after the murder of PC Keith Palmer. I think I was walking back from 4 Millbank, and I decided to come in through St Stephen’s entrance. There I found two of our wonderful staff who greet the visitors every day, and who else but David, who had come out to ask them, "How are you? How are you feeling?" Imagine being those members of staff, absolutely on the frontline, the day after one of our own had been murdered along with the tourists and others killed on the bridge. At that moment, the visitors who came by were directed, as the conversation was interrupted, and would have had absolutely no idea—we talk about the great and the good—that the man standing there in a raincoat with a slightly skew-whiff white bow tie, talking with care and compassion to our staff, was Sir David Lionel Natzler KCB, the Clerk of the House of Commons. That is typical of the man to whom today we pay such deep and heartfelt tribute in wishing him and all his family the very best for the future.
Securitisation Regulations 2018 — House of Commons, 2019-02-13
Topic: Domestic Commerce
Charalambos Charalambous (Labour, Centre-left): It is a pleasure to follow the hon. Member for Aberdeen North (Kirsty Blackman) Not everyone appreciates the role that securitisation of loans and debts played in the financial crash of 2008, but it was a substantial role, with devastating consequences. To give some context, in the years prior to 2008, a calamitous decision was taken by executives in large US-based international banks to securitise sub-prime mortgages, which were mortgages given to people who had virtually no way of paying them back. Because of predatory lending, the number of these sub-prime mortgages continued to rise. They were then pooled together with other loans and debts and packaged as a financial product in the form of mortgage-backed securities that received triple A ratings from the credit rating companies.
Securitisation Regulations 2018 — House of Commons, 2019-02-13
Topic: Domestic Commerce
Charalambos Charalambous (Labour, Centre-left): But if credit rating companies do not give the correct ratings, as happened in the United States, it all falls apart. I am happy to carry on the conversation with the hon. Gentleman in Strangers’ afterwards There was a big investment in mortgage-backed securities, with many financial institutions choosing to invest in them because of their promised high rate of return. When people started defaulting on sub-prime mortgages, the mortgage-backed securities lost their value, and the financial institutions that had invested heavily in them became exposed and suffered catastrophic losses. Since that time, steps have been taken to ensure that we never again experience the shockwaves of those failing giant financial institutions and the aftermath. We need a robust system of dealing with the risk of any such exposure due to securitisation, and that requires primary legislation As the hon. Member for Aberdeen North said, what we have before us are ill-conceived regulations that do not address the whole picture, and these changes are being made without the House having a chance to properly scrutinise them. Let us be clear: these regulations are not required due to the fear of a no-deal Brexit. They have conveniently been slipped in by the Government, under not the European Union (Withdrawal) Act 2018 but other legislation The regulations give responsibility to the Financial Conduct Authority to supervise the compliance of people involved in securitisation practices and allow it to impose certain penalties and take other steps to monitor securitisation. Such changes should not be made via secondary legislation. The complexity of these measures needs proper scrutiny. The very fact that the regulations change provisions in criminal law by preventing the FCA from instituting criminal proceedings for money laundering and insider dealing is a serious matter that is worthy of proper debate and scrutiny, which cannot be done via this debate. The regulations are wrong-headed, as schedule 1 amends primary legislation and transfers significant powers to the Treasury, the Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England.
Securitisation Regulations 2018 — House of Commons, 2019-02-13
Topic: Domestic Commerce
Anneliese Jane Dodds (Labour, Centre-left): If I may, I will start my remarks with a brief observation. Far too often in this House, I have heard hon. Members suggest that the financial crisis was somehow the result of the then Government’s policies. I am very pleased to have heard the opposite from the Minister today. In fact, it was the correct interpretation of what precipitated the global financial crisis, which did indeed, as he intimated, begin with the sub-prime mortgage collapses in the United States and then spread through the financial system, particularly through the use of complex financial instruments.
Securitisation Regulations 2018 — House of Commons, 2019-02-13
Topic: Domestic Commerce
Anneliese Jane Dodds (Labour, Centre-left): I will not strain the House’s patience, but I fear that the Minister, who is normally very clear in his remarks, is mixing apples and pears. He mentioned credit rating in relation to sub-prime mortgage-related securities in the United States. There was a relationship with the US state in that case, because of Fannie Mae and Freddie Mac, but there was not a connection between that process and the British state. I fear that there was a little bit of confusion there.
Securitisation Regulations 2018 — House of Commons, 2019-02-13
Topic: Domestic Commerce
Anneliese Jane Dodds (Labour, Centre-left): The overall regulatory structure for the financial services industry is surely not what we are talking about in this debate. We are talking specifically about the regulation of securitisation. [Interruption.] The hon. Gentleman appears to be suggesting that he was trying to make a point about the lack of stringent regulation at the time of the financial crisis. I remind all Members that it was, of course, the Conservatives who urged the then Government to deregulate further and to remove regulation My hon. Friend the Member for Enfield, Southgate (Bambos Charalambous) set out the involvement of securitisation in the financial crisis very clearly. To respond briefly to the hon. Member for North East Hampshire (Mr Jayawardena), building on what my hon. Friend said, there has been a wide-ranging debate about whether it is appropriate to encourage additional securitisation, of which he may be aware. Of course, securitisation facilitates additional leverage, beyond what would already be there, because it makes liquid assets that are not already liquid. That may be appropriate in some contexts, but it can lead to inappropriate leveraging, particularly when it is conducted in a complex and opaque way, as arguably was the case during the financial crisis. It is surely appropriate, therefore, that we question any new regulations that apply to securitisation in this House, as we have done in this debate I am grateful to the Minister for his opening remarks. However, I regret that he failed to respond to my detailed comments about the manner in which the EU regulation has been transposed. Our complaint is not necessarily with the overall framework, which, as he rightly intimated, came from the Basel framework through IOSCO and, latterly, the EU. The point is that the process has not been entirely without controversy. As a result, the decisions that the Government make about how to implement the framework are potentially delicate, as was underlined rightly by the hon. Member for Aberdeen North (Kirsty Blackman) The Minister said that the statutory instrument is a simple empowerment of the FCA. However, I referred in my remarks to how the regulations disapply elements of existing legislation, including those relating to offences under the purview of the Competition and Markets Authority and to insider dealing. He did not make it clear why that was necessary. He said that the measures would make our statute book consistent with offences in other countries in respect of complex securitisation and so on. He did not indicate whether they were consistent with existing offences on the UK statute book. That, surely, is what is at issue For all those reasons, we will press the motion of revocation to a vote Question put.
Communities: Charities and Volunteers — House of Commons, 2019-02-13
Topic: Mixed Topics
Christopher Philip James Elmore (Labour, Centre-left): I am extremely grateful to the Minister. Will she join me in paying tribute to the guide and scout movement, which does an enormous amount of work to try to ensure that young people understand the value of volunteering? It was refreshing to have scouts and guides approaching me as their local Member of Parliament to engage in National Democracy Week last year, so that they could begin to understand the wider process of democracy, which is linked to volunteering.
Communities: Charities and Volunteers — House of Commons, 2019-02-13
Topic: Civil Rights
Steven Mark Ward Reed (Labour, Centre-left): I listened with interest to the Minister’s warm words, but I suspect that we will hear much this afternoon about the gap between the rhetoric and the reality in the Government’s approach to civil society. Ever since they were elected, this Government’s method has been to underfund, undermine and sideline the sector at every opportunity. That is a tragedy, because civil society, including the charities, volunteers and community groups that are part of it, play a critical role in reconnecting the communities that this Government have divided There is a real mistrust of politics and politicians in our country, which is not surprising. A decade of austerity has ripped the heart out of communities and seen the destruction of shared community spaces. Good jobs have been lost to automation. Once thriving industrial towns have been left to decline. Inequality has grown wider while the economy has grown bigger, because a few at the top have grown richer at the expense of everyone else The politics that did all that needs to change. People want back control over their own lives. It is no longer enough for any group of politicians to stand up and tell people to trust them to have all the answers. Trust cannot be a one-way street. People will not trust politicians until politicians show that they trust people enough to open power up to them directly. We need a new politics that is big enough to meet the challenges of our age and responsive enough to meet the specific needs of every community At the heart of that are questions about power. Who has it? Who does not? How do we open it up to everyone? In this digital age, with a world that is changing so fast, it is clear that we cannot solve tomorrow’s problems with yesterday’s thinking. That is where civil society comes in, because it offers a way for people to participate on their own terms. It connects communities so that they can exercise the power that lies latent within them. Community-led organisations are a key part of how we can make our system more responsive and more democratic by rebuilding politics around people and putting real power in people’s hands. It once felt like the Conservative party was on to that with its big society agenda, but it withered before our eyes into a crude attempt to replace paid professionals with unpaid volunteers. Now, the Conservatives do not talk about it at all Let us look at how much has vanished under this Government: 428 day centres, 1,000 children’s centres, 600 youth centres, 478 public libraries and countless lunch clubs, befriending services, community centres and voluntary groups. Those places where communities came together to act have all gone.
Illegal Immigration (English Channel) — House of Commons, 2019-01-14
Topic: Immigration
Stephen Pelham Pound (Labour, Centre-left): The Royal Navy has a proud and glorious history, in respect not just of forming the wooden walls of this country, but being the nobility of Neptune’s realm, and it has a proud humanitarian record. But the question related to preventing illegal immigration, so could the Minister tell us what the orders of the day are and what the Royal Navy is doing to prevent people from landing in this country?
Topical Questions — House of Commons, 2019-01-14
Topic: Immigration
Questions: Does the Secretary of State want to apologise to Scots Guardsman Stephen McWhirter, who was called a snowflake in Capita’s disastrous £752 million recruitment campaign, without his permission? Guardsman McWhirter has received torrents of mocking messages, and he has said on Facebook that he will resign from the Guards.; Sexual violence against women has been an appalling part of the violence we have seen in South Sudan. Will the Secretary of State say a little bit more about what British troops have contributed as our part of the UN operations there?; Tomorrow afternoon, the funeral takes place of Acting Corporal Iain Dodds, formerly of the Royal Electrical and Mechanical Engineers. His family are obviously grieving. He died, very tragically, before Christmas, at the age of 39, following years of adjusting having left the service after serving in both Iraq and Afghanistan. May I put on the record my thanks to the Minister for the Armed Forces for helping the family with the funeral arrangements?; What measures have the Ministry of Defence taken to ensure that serving and former members of the armed forces suffering from post-traumatic stress disorder or other mental health issues are given priority when it comes to the provision of social housing?; Further to that question, Durham County Council has just won a gold award for setting up an excellent outreach programme for veterans, including guaranteeing job interviews. Will the Minister consider making that mandatory across the entire country?; The security review of 2015 identified cyber-attack, terrorism and climate change as among the greatest threats to the UK. As none of those are dealt with by replacing Trident, whose price-tag is soaring and which still has safety concerns, is it not time to change direction and invest in real cyber-security?
Jessica Elizabeth Morden (Labour, Centre-left): What progress is the Minister making with the Home Office to help those Afghan interpreters who came here under the Government’s scheme but are now finding huge difficulties in being reunited with their families because normal immigration rules apply? They deserve our support.
Points of Order — House of Commons, 2019-01-14
Topic: Other
Harriet Ruth Harman (Labour, Centre-left): On a point of order, Mr Speaker. Thank you for agreeing to hear it. The House will obviously be fully aware that we have a very important vote tomorrow in which all hon. Members will want to take part. My hon. Friend the Member for Hampstead and Kilburn (Tulip Siddiq) is nine months pregnant and due to have a caesarean tomorrow. She should not have to choose between going through the Division Lobby in a wheelchair while nine months pregnant, having postponed her caesarean, and losing her right to vote. If the Whips were to agree, and with the agreement of the Leader of the House, would it be possible, Mr Speaker, for you to facilitate a proxy vote so that she can have her baby and have her vote? The House agreed to this change in principle in February last year. In the circumstances of tomorrow’s important vote and my hon. Friend’s pregnancy, would it be possible for that to be arranged?
Points of Order — House of Commons, 2019-01-14
Topic: Other
Emma Elizabeth Reynolds (Labour, Centre-left): Further to that point of order, Mr Speaker. Can you advise me on how to expedite the process of introducing proxy votes? How many babies do we in this House, collectively, have to have before we see any change? I will probably be on my second before we have a policy to introduce proxy votes. There should be some urgency in implementing this reform of the House.
Universal Credit — House of Commons, 2019-01-14
Topic: Immigration
Stephen Creswell Timms (Labour, Centre-left): I also welcome these modest steps in the right direction, but why did the Secretary of State and the Minister both deny a week ago the change that the Minister has now announced about the separate regulations for the 10,000 migration? Will the Minister respond to the point made by the Father of the House, the right hon. and learned Member for Rushcliffe (Mr Clarke)? The five-week delay is indefensible; it is forcing people to rely on advances, putting them into debt right at the start of their claim.
Universal Credit — House of Commons, 2019-01-14
Topic: Civil Rights
Alison McGovern (Labour, Centre-left): Sometimes it can be hard to understand what the Minister is really saying to us. Most people call non-consensual conception rape, and that is what we are talking about. Most people in this country would call picking and choosing between the children we choose to support discrimination. The next time they Minister has to come to the House, as he undoubtedly will, to tell us about a policy change in relation to the two-child policy, will he commit to telling us exactly what the characteristics are of the kids that our Government will no longer support?
Universal Credit — House of Commons, 2019-01-14
Topic: Civil Rights
Susan Elan Jones (Labour, Centre-left): Last year, several newspapers carried harrowing accounts of women who were forced to seek abortions simply because of the two-child limit policy. I hear what the Minister says about retrospective changes, but how will the proposal help women who wish to go ahead with an unplanned pregnancy?
Leaving the EU — House of Commons, 2019-01-14
Topic: Other
Barry John Sheerman (Labour, Centre-left): Thank you, Mr Speaker. Will the Prime Minister go back to that very good question asked by her colleague the right hon. and learned Member for Rushcliffe (Mr Clarke), who made a very intelligent plea for more time? This decision will be one of the most important we take in 100 years, let alone this century. Why should we rush it? It is complex, and the Prime Minister’s statement today shows how complex it is. We need more time. Why can we not have it?
Leaving the EU — House of Commons, 2019-01-14
Topic: Mixed Topics
Mary Helen Creagh (Labour, Centre-left): In Wakefield on Saturday, a man approached me to say that, on the day the Prime Minister delayed the vote, his business lost a multi-million-pound contract and, as a result, his order book was empty and redundancies were starting. Her delay has achieved nothing, apart from paradoxically leaving her a little safer in her job, thanks to surviving a vote of no confidence, and my constituents quite a lot less safe in their jobs. After her deal is voted down tomorrow, will she extend article 50 and work across the House to give our constituents the option to vote again but this time on what they know will happen, which is continued uncertainty in the trading relationship between their businesses and the EU for at least the next four years?
Leaving the EU — House of Commons, 2019-01-14
Topic: Mixed Topics
Tracy Lynn Brabin (Labour, Centre-left): Following on from my hon. Friend the Member for Newcastle upon Tyne Central (Chi Onwurah), over the weekend we have seen a very disturbing increase in threats of violence against colleagues. Does the Prime Minister agree it is important that we are all mindful of our language, particularly when discussing parliamentary procedures and no deal and its consequences? Otherwise we are at risk of widening the divisions we have worked so hard to close, enabling a space in which the far right and its followers can step in.
Leaving the EU — House of Commons, 2019-01-14
Topic: Immigration
Anna Catherine Turley (Labour, Centre-left): I admire the Prime Minister’s efforts to contort her deal over the backstop to try to get it over the line and passed, but surely she must now be stepping back and looking at the bigger picture, which is that her deal and any version of it is still a betrayal of what people voted for. Her deal is not what people voted for in 2016. So much has changed, and it is time to go back to them with the truth now and ask them for their view.
Leaving the EU — House of Commons, 2019-01-14
Topic: Mixed Topics
Rupa Asha Huq (Labour, Centre-left): Small businesses with no time, energy or resources for no-deal planning are appalled to see the phantom ferry company’s Government contract, the Kent lorry park experiment and the swathes of civil servants now given over to some sort of "Dad’s Army"-style wargaming of troops on our streets, so will the Prime Minister tell us how much, by running down the clock and not ruling out no deal, her blackmail Brexit has cost the taxpayer to date and since 11 December?
Leaving the EU — House of Commons, 2019-01-14
Topic: Civil Rights
Michael John Gapes (Labour, Centre-left): The Prime Minister referred to the "subversion of our democracy". In our parliamentary democracy, no Parliament can bind its successor. It was not this Parliament that agreed to hold a referendum or to prematurely trigger article 50, but the previous Parliament. If she is talking about subversion of democracy, was her calling of the general election that she lost in 2017 a subversion of democracy?
Leaving the EU — House of Commons, 2019-01-14
Topic: Other
Kevin Denis Brennan (Labour, Centre-left): May I plead with the Prime Minister to mind her language? She used a term in her statement to say that people’s opinions would represent a "subversion of our democracy", which is completely unnecessary at a time when there is far too much inflammatory language about already. She holds the office of Prime Minister. She is describing the views of Members of this House, including former members of her own Government, when she talks about a subversion of democracy. I genuinely appeal to her to consider her office when using language of that kind.
Points of Order — House of Commons, 2019-01-14
Topic: Other
Kevin Denis Brennan (Labour, Centre-left): On a point of order, Mr Speaker. In my 17 years in the House, including two years as a Government Whip, I found out one thing, which is that if Members act as a Whip’s lickspittle, they get very little respect from other Members of the House—even, ultimately, from their own Whips.
European Union (Withdrawal) Act — House of Commons, 2019-01-14
Topic: Other
Barry Strachan Gardiner (Labour, Centre-left): I will conclude on exactly the point that the hon. Gentleman raises, because it is at the heart of the conundrum facing the House and the country. If he gives me time, I will get there.