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Debate on bill on Wednesday, 10 February 2010, in the House of Lords, led by Lord Myners. The answering member was Baroness Noakes.

Fiscal Responsibility Bill

Fiscal Responsibility Bill. Lords second reading debate. Agreed to on question. Committee negatived. Standing Order 47 having been dispensed with, the Bill was read a third time (formal) and passed.

Secondary information

Type
Parliamentary proceeding
Reference
717 c734-76 
Session
2009-10
Department
Treasury
Legislative stage
Third reading
Second reading
Chamber / Committee
House of Lords chamber
Related items
Proceeding contributions
Lord Hodgson of Astley Abbotts | 717 c753 (Link to this contribution) The noble Lord used the analogy of the cigarette smoker and said that there was a necessity for sanc...
Lord Peston | 717 c753-5 (Link to this contribution) I have a whole speech to make and am glad that the noble Lord is at least sitting through it. Not ev...
Show all contributions (41)
Lord Peston | 717 c752-3 (Link to this contribution) My Lords, at first sight the Bill appears to infringe one of the fundamental principles of welfare e...
Lord Lea of Crondall | 717 c759-60 (Link to this contribution) My Lords, that was an uncharacteristically political speech by the noble Lord, Lord Hodgson of Astle...
Lord Lawson of Blaby | 717 c760 (Link to this contribution) Perhaps the noble Lord will allow me to correct him on a point of history. The whole point of the fi...
Viscount Eccles | 717 c755-6 (Link to this contribution) My Lords, it is a pleasure to follow the noble Lord, Lord Peston. I just want to record that althoug...
Lord Hodgson of Astley Abbotts | 717 c756-9 (Link to this contribution) My Lords, I begin by offering my commiserations to the Minister. He has had a distinguished career i...
Lord Peston | 717 c762 (Link to this contribution) I found what the noble Lord said there most intriguing. Is he advising his right honourable friend t...
Lord Lea of Crondall | 717 c760-1 (Link to this contribution) As a version of history, that is pure invention. I think that the noble Lord, Lord Lawson, agrees wi...
Lord Ryder of Wensum | 717 c761-2 (Link to this contribution) My Lords, although the Financial Services Secretary was as loyal as ever to the virtues of collectiv...
Lord Ryder of Wensum | 717 c762 (Link to this contribution) I share the view expressed by my noble friend Lord Lawson in that respect. Of course, a lot of it wi...
Lord Lea of Crondall | 717 c762 (Link to this contribution) Can the noble Lord clarify further? When he refers to markets, does he assert that they are never po...
Lord Ryder of Wensum | 717 c762-3 (Link to this contribution) If the noble Lord wants the real answer to that question, I advise him to go as fast as possible aft...
Lord Northbrook | 717 c763-6 (Link to this contribution) My Lords, this year the UK is set to record its largest budget deficit since the Second World War. I...
Lord Newby | 717 c766-8 (Link to this contribution) My Lords, a paradox lies at the heart of today’s debate. I suspect that everybody in the Chamber agr...
Lord Myners | 717 c769-70 (Link to this contribution) My Lords, I thank all noble Lords who contributed to the debate. It has been a very wide-ranging deb...
Lord Lawson of Blaby | 717 c770 (Link to this contribution) I am sure that the noble Lord wants to be fair. If he expects my noble friend Lady Noakes to outline...
Lord Myners | 717 c770 (Link to this contribution) I thank the noble Lord, Lord Lawson, for that intervention. The scale of the Government’s approach t...
Lord Hodgson of Astley Abbotts | 717 c770 (Link to this contribution) I am grateful to the Minister for giving way. I take it that he is on his peroration. If so, will he...
Lord Myners | 717 c770-3 (Link to this contribution) I was going to come to that point when I dealt with the interventions of the noble Lord, Lord Newby....
Baroness Noakes | 717 c738 (Link to this contribution) As an amendment to the Motion that the Bill be now read a second time, at end to insert ““but this H...
Baroness Noakes | 717 c738-9 (Link to this contribution) My Lords, I shall start by dealing with the Bill—I thank the Minister for introducing it—and then sh...
Lord Lamont of Lerwick | 717 c736 (Link to this contribution) I do not know whether the Minister noticed that the Chancellor of the Exchequer was quoted in the ne...
Lord Myners | 717 c736-8 (Link to this contribution) I am afraid that I did not see the newspaper interview to which the noble Lord, Lord Lamont, refers ...
Lord Myners | 717 c734 (Link to this contribution) That the Bill be read a second time.
Lord Lea of Crondall | 717 c739 (Link to this contribution) The noble Baroness’s colleague the noble Lord, Lord Lamont, referred to the 3 per cent target, to th...
Baroness Noakes | 717 c739-41 (Link to this contribution) My Lords, I try never to talk about the stability and growth pact and I shall not do so today. I was...
Lord Desai | 717 c744-6 (Link to this contribution) My Lords, it is always a privilege and a pleasure to follow the noble Lord, Lord Lawson. He has done...
Lord MacGregor of Pulham Market | 717 c746-8 (Link to this contribution) My Lords, I hope to make a short speech, because the Bill deserves short shrift. I add my voice to t...
Lord Skidelsky | 717 c748-50 (Link to this contribution) My Lords, as this is a money Bill, this House cannot amend it, but I shall discuss the motives and p...
Lord Sheikh | 717 c750-2 (Link to this contribution) My Lords, fiscal responsibility should be the first duty of any Government in macroeconomic matters....
Baroness Hayman | 717 c741 (Link to this contribution) The original Question was that this Bill be now read a second time, since when an amendment has been...
Lord Lawson of Blaby | 717 c741-3 (Link to this contribution) My Lords, I strongly support the remarks made by my noble friend Lady Noakes. I will divide my own r...
Lord Lawson of Blaby | 717 c743-4 (Link to this contribution) No, my Lords, I certainly do not agree with that and nor do the Government agree with what is implic...
Baroness Noakes | 717 c775-6 (Link to this contribution) My Lords, I thank my noble friends for their support in this debate. I was going to say that I was g...
Lord Myners | 717 c773-5 (Link to this contribution) Noble Lords would not expect me to come to Parliament on the basis of number work that I had done on...
Baroness Noakes | 717 c776 (Link to this contribution) My Lords, perhaps I can help. When I spoke earlier, I was at pains to point out the lack of scrutiny...
Lord Peston | 717 c776 (Link to this contribution) My Lords, does the noble Baroness recall that, at the beginning of our debate, the Lord Speaker read...
Lord Lawson of Blaby | 717 c773 (Link to this contribution) Perhaps I may interrupt the noble Lord before he finishes his very full answers to everyone who has ...
Lord Lea of Crondall | 717 c743 (Link to this contribution) My Lords, the noble Lord, Lord Lawson, says that it is essential not to delay. How does that relate ...
Lord Myners | 717 c734-6 (Link to this contribution) My Lords, I am pleased to open the debate on the Fiscal Responsibility Bill. I intend to provide a g...
Subjects
Accountability Borrowing Fiscal policy Economic situation Forecasts National income Public sector Public expenditure Public finance Public sector debt Public sector net cash requirement Standards Tax collection Treasury
Legislation
Fiscal Responsibility Bill 2009-10
Contains statistics
Yes
Link
View this Parliamentary proceeding on www.publications.parliament.uk