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House of Lords Reform Bill [HL]

I absolutely take my noble friend's point. As I said to him earlier, that is not going to work because the only way you are going to get retirement from this House is to have a financial inducement, and I do not think that that will ever be acceptable, particularly in the present financial circumstances. For a House comprising Peers who are not paid but merely receive expenses, to be paid to leave is not acceptable. It was not acceptable for the hereditary Peers and it is not acceptable for the life Peers.