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Debate on bill on Friday, 26 February 2010, in the House of Commons, led by Sally Keeble. The answering member was Ian Pearson.

Debt Relief (Developing Countries) Bill

Debt Relief (Developing Countries) Bill. Second reading debate. Agreed to on question and committed to a Public Bill Committee.

Secondary information

Type
Parliamentary proceeding
Reference
506 c559-84 
Session
2009-10
Department
Treasury
Legislative stage
Second reading
Procedure
Private members' bills proceedings
Chamber / Committee
House of Commons chamber
Related items
Proceeding contributions
Lord Stunell | 506 c564-5 (Link to this contribution) I am delighted to have this opportunity to speak in support of the Bill. I start by offering my symp...
David Gauke | 506 c565-7 (Link to this contribution) It is a pleasure to speak on Second Reading of the Bill. I add my words to those of the hon. Member ...
Show all contributions (34)
Lord Stunell | 506 c567 (Link to this contribution) I am sure the whole House would agree with the hon. Gentleman on the importance of maintaining our h...
Sally Keeble | 506 c560 (Link to this contribution) The hon. Gentleman is right about the operation of the funds. That is why my private Member's Bill d...
Peter Bottomley | 506 c560 (Link to this contribution) Will the hon. Lady join me in applauding the television coverage which has shown that some of those ...
Sally Keeble | 506 c560-4 (Link to this contribution) My hon. Friend is absolutely right—there is a need for international action. A Bill has been introdu...
Andrew Dismore | 506 c560 (Link to this contribution) I am a great supporter of the Bill, as I think all Members are, and my hon. Friend and our hon. Frie...
Sally Keeble | 506 c559-60 (Link to this contribution) I beg to move, That the Bill be now read a Second time. I am delighted to move the Second Reading o...
Sally Keeble | 506 c581-2 (Link to this contribution) No, not the Treasury Front Bench. The Opposition need to be numerate as well as our own, very numera...
Sally Keeble | 506 c584 (Link to this contribution) I think that people want the Bill to get on to the statute book, and they have not turned up here to...
Christopher Chope | 506 c584 (Link to this contribution) If this is such a popular measure, why does the hon. Lady think that—apart from herself, and she is ...
Sally Keeble | 506 c582-4 (Link to this contribution) I think the £1.2 billion is the amount currently in the process of being sued in all the actions tha...
David Gauke | 506 c569-71 (Link to this contribution) We support measures to address this matter, for the reasons that I have been outlining. Questions st...
Christopher Chope | 506 c568 (Link to this contribution) My hon. Friend will obviously have seen the evidence given to the Government consultation by the Alt...
David Gauke | 506 c568 (Link to this contribution) I am not aware that there is. I stress that that argument was not mine, but that of a number of resp...
Sally Keeble | 506 c568 (Link to this contribution) I will come back to that question later, but is there any evidence that the existing cancellation of...
David Gauke | 506 c567-8 (Link to this contribution) My point is that the Bill would disturb contractual rights, but the argument is that there are compe...
Lord Stunell | 506 c569 (Link to this contribution) I hope that the hon. Gentleman does not mind my pressing him a little. I accept the point that he ma...
David Gauke | 506 c569 (Link to this contribution) We will support the Bill's making progress to Committee today. It is for the Government to provide t...
Lord Stunell | 506 c569 (Link to this contribution) None of us would dissent from the idea that the legislation should be properly and thoroughly scruti...
David Gauke | 506 c568-9 (Link to this contribution) It is true that practitioners' responses—across the board—to the Treasury consultation raise concern...
Sally Keeble | 506 c580-1 (Link to this contribution) The hon. Member for Christchurch (Mr. Chope) has talked about some of his concerns about the Bill. T...
Lord Dodds of Duncairn | 506 c574 (Link to this contribution) Will the Minister also address the point raised by both the hon. Member for Hazel Grove (Andrew Stun...
Christopher Chope | 506 c575 (Link to this contribution) So what does the Minister say about the comments of the Alternative Investment Management Associatio...
Ian Pearson | 506 c574-5 (Link to this contribution) I will indeed address that point, as well as the sovereign debt work-out mechanism, which the hon. M...
Christopher Chope | 506 c576 (Link to this contribution) Is not the Minister's argument about precedent completely undermined by the fact that has just cited...
Ian Pearson | 506 c575-6 (Link to this contribution) I do not discount it as irrelevant. The association is entitled to its view, but I do not happen to ...
Sally Keeble | 506 c576 (Link to this contribution) Does my hon. Friend accept that the arrangements relating to the wind-down of banks that were requir...
Ian Pearson | 506 c576 (Link to this contribution) I cited the Banking Act as an example of a situation in which exceptional circumstances and compelli...
Christopher Chope | 506 c578-80 (Link to this contribution) I shall not divide the House on Second Reading, but I would like to put on record some of my reserva...
Ian Pearson | 506 c576-8 (Link to this contribution) My hon. Friend is right. She is not only an expert in debt relief but a distinguished member of the ...
David Gauke | 506 c582 (Link to this contribution) The figure of £145 million that I quoted comes from the Treasury's own impact assessment and is the ...
Ian Pearson | 506 c571-4 (Link to this contribution) I would like to start by putting it on the record that the Government fully support the Debt Relief ...
Subjects
Contracts Debts Developing countries Debts written off Heavily indebted poor countries initiative Liberia Zambia Vulture funds
Legislation
Debt Relief (Developing Countries) Bill 2009-10
Link
View this Parliamentary proceeding on www.publications.parliament.uk