My Lords, of course we are happy to support any measure that improves the safety record of young drivers. However, that does not mean that we support the pricing of young drivers off our roads. The increase in insurance for young drivers last year was 53%. How do we expect young people, particularly in rural areas, to be able to get to jobs, apprenticeships or even education institutions if they cannot afford to run a car?

My Lords, of course we are happy to support any measure that improves the safety record of young drivers. However, that does not mean that we support the pricing of young drivers off our roads. The increase in insurance for young drivers last year was 53%. How do we expect young people, particularly in rural areas, to be able to get to jobs, apprenticeships or even education institutions if they cannot afford to run a car?

My Lords, I, too, welcome the noble Lord to his new responsibilities and look forward to our future exchanges. I will begin with a very gentle question. Given that capital investment in Network Rail has been slashed by more than a £1 billion by the Government since they came to power, does not £20 million to local authorities look like a flea bite?

My Lords, I, too, welcome the noble Lord to his new responsibilities and look forward to our future exchanges. I will begin with a very gentle question. Given that capital investment in Network Rail has been slashed by more than a £1 billion by the Government since they came to power, does not £20 million to local authorities look like a flea bite?

My Lords, the noble Lord’s Answer to his noble friend Lord Greaves was pathetically thin against a background where, as he must surely appreciate, unfairness is perpetrated very heavily against the low-paid and the poor, for whom the Government have scant regard, having of course withdrawn significant numbers of benefits from them. When will the Government address the fact that the economy is so lacking in demand that we are in the worst depression for 80 years? Ministers are not matching up to the challenge presented.

My Lords, the noble Lord’s Answer to his noble friend Lord Greaves was pathetically thin against a background where, as he must surely appreciate, unfairness is perpetrated very heavily against the low-paid and the poor, for whom the Government have scant regard, having of course withdrawn significant numbers of benefits from them. When will the Government address the fact that the economy is so lacking in demand that we are in the worst depression for 80 years? Ministers are not matching up to the challenge presented.

My Lords, the House will of course welcome the optimistic and accurate position which the noble Earl has reflected. However, the urgency of the situation ought not to be underestimated. General shipping costs are going up 11% this year on these dues. For shorter crossings and ferries, they are going up by 43%. People have ways of avoiding these costs, such as by putting into other ports if costs continue to escalate. I therefore hope that, in the time before the full Irish payments come in, increases in costs are kept to an absolute minimum.

My Lords, the House will of course welcome the optimistic and accurate position which the noble Earl has reflected. However, the urgency of the situation ought not to be underestimated. General shipping costs are going up 11% this year on these dues. For shorter crossings and ferries, they are going up by 43%. People have ways of avoiding these costs, such as by putting into other ports if costs continue to escalate. I therefore hope that, in the time before the full Irish payments come in, increases in costs are kept to an absolute minimum.

The Liberals are part of the coalition. I agree with the noble Lord, Lord Flight. This is not just a question of mathematics but of knowledge. It is quite clear that a very high percentage of adults who invest their hard-earned money in all sorts of organisations have no idea of the costs that have been taken from them by the people controlling the fund. The evidence is clear that a very large percentage of our population are quite ignorant of such costs. That is why we need financial education.

The Liberals are part of the coalition. I agree with the noble Lord, Lord Flight. This is not just a question of mathematics but of knowledge. It is quite clear that a very high percentage of adults who invest their hard-earned money in all sorts of organisations have no idea of the costs that have been taken from them by the people controlling the fund. The evidence is clear that a very large percentage of our population are quite ignorant of such costs. That is why we need financial education.

My Lords, are not the charities that most significantly avoid tax on dubious grounds the public schools? Many of them were granted charitable status when they educated the poor or those of middling incomes. They now clearly educate, overwhelmingly, the children of the wealthy and the privileged, as evidenced by the Conservative Front Bench in the Commons.

My Lords, are not the charities that most significantly avoid tax on dubious grounds the public schools? Many of them were granted charitable status when they educated the poor or those of middling incomes. They now clearly educate, overwhelmingly, the children of the wealthy and the privileged, as evidenced by the Conservative Front Bench in the Commons.

My Lords, I am surprised that the Minister takes a patronising attitude to what the public understand. The public understand fare increases quite clearly. The National Audit Office warned that if excessive fare increases occurred they would merely be reflected in higher profits for the train operating companies. The Prime Minister said that fares should not go up by more than 1% above inflation—in other words, 4.2%. How does the Minister justify fare increases of 9%?

My Lords, I am surprised that the Minister takes a patronising attitude to what the public understand. The public understand fare increases quite clearly. The National Audit Office warned that if excessive fare increases occurred they would merely be reflected in higher profits for the train operating companies. The Prime Minister said that fares should not go up by more than 1% above inflation—in other words, 4.2%. How does the Minister justify fare increases of 9%?

I am so sorry that the noble Lord, Lord Forsyth, was unable to ask this Question. That would have given me the opportunity to agree with him twice in consecutive days, which would be some kind of record as far as he and I are concerned.

As the Minister is so well briefed as to tell us what other European airports suffered delays, will he put in the Library an analysis of these problems, because north American airports, which have vastly more problems with snow than the UK, seem to keep planes flying through a great deal of it? It would be interesting to have a real, proper comparison.

I am so sorry that the noble Lord, Lord Forsyth, was unable to ask this Question. That would have given me the opportunity to agree with him twice in consecutive days, which would be some kind of record as far as he and I are concerned.

As the Minister is so well briefed as to tell us what other European airports suffered delays, will he put in the Library an analysis of these problems, because north American airports, which have vastly more problems with snow than the UK, seem to keep planes flying through a great deal of it? It would be interesting to have a real, proper comparison.

My Lords, is it not abundantly clear that monetary policy can only do so much and that the whole question of the rate of inflation is marginal to our position in terms of the need for growth in the economy, as the noble Lord, Lord Forsyth, indicated? When will the Government realise that, as we tremble not on our fiscal cliff but on the brink of the possibility of a third recession, it is necessary to address the real economy and abolish plan A?

My Lords, is it not abundantly clear that monetary policy can only do so much and that the whole question of the rate of inflation is marginal to our position in terms of the need for growth in the economy, as the noble Lord, Lord Forsyth, indicated? When will the Government realise that, as we tremble not on our fiscal cliff but on the brink of the possibility of a third recession, it is necessary to address the real economy and abolish plan A?

My Lords, one feature of the response to the crash was the speed and efficiency with which the emergency services dealt with the accident. Is the Minister aware that the fire appliance that arrived there early came from Clapham fire station, which, under the mayor’s proposals, is due for closure? Will the inquiry examine that point? Does not this crash indicate how dangerous it is to cut back on our essential emergency services?

My Lords, one feature of the response to the crash was the speed and efficiency with which the emergency services dealt with the accident. Is the Minister aware that the fire appliance that arrived there early came from Clapham fire station, which, under the mayor’s proposals, is due for closure? Will the inquiry examine that point? Does not this crash indicate how dangerous it is to cut back on our essential emergency services?

My Lords, although I welcome the progress made with the Channel Islands and the Isle of Man, perhaps I may ask the noble Lord on what basis Crown dependencies and overseas territories could refuse information to the Government on this crucial issue.

My Lords, although I welcome the progress made with the Channel Islands and the Isle of Man, perhaps I may ask the noble Lord on what basis Crown dependencies and overseas territories could refuse information to the Government on this crucial issue.

My Lords, in his opening response the noble Earl referred to the fact that a consensus was necessary to make progress over the considerable period of time needed to expand airport capacity. Although he quoted 86% for the south-east airports, we know that Heathrow is at over 99% utilisation and has no scope at all for development. The Opposition have offered to the Government for more than a year now the opportunity to establish a consensus by joint talks. Could the noble Earl at least persuade his ministerial colleagues that these should take place, and that they would be aided by a somewhat earlier timetable for the commission’s report? Why is it having to report after the general election when the urgency of the situation is apparent to everyone?

My Lords, in his opening response the noble Earl referred to the fact that a consensus was necessary to make progress over the considerable period of time needed to expand airport capacity. Although he quoted 86% for the south-east airports, we know that Heathrow is at over 99% utilisation and has no scope at all for development. The Opposition have offered to the Government for more than a year now the opportunity to establish a consensus by joint talks. Could the noble Earl at least persuade his ministerial colleagues that these should take place, and that they would be aided by a somewhat earlier timetable for the commission’s report? Why is it having to report after the general election when the urgency of the situation is apparent to everyone?

My Lords, yesterday the Opposition expressed their best wishes to the noble Lord on leaving the Front Bench. In the Treasury team,

that Motion was carried by seven votes to one, and I am not quite sure whether I should confess to being the one. Nevertheless, I have enjoyed the cross-Dispatch Box jousting that we have had from time to time and I appreciate the Minister’s skill in replying—often, of course, defending the indefensible. Will he, on this occasion, give us real hope for the future? There is a possibility of very rapid growth of peer-to-peer lending. Is he certain that what will be in place is rigorous regulation of this developing sector? We obviously failed with regard to the banks in the past and there are a lot of anxieties about the new scheme now. This one presents particular challenges and I would like some reassurance from the Minister.

My Lords, yesterday the Opposition expressed their best wishes to the noble Lord on leaving the Front Bench. In the Treasury team,

that Motion was carried by seven votes to one, and I am not quite sure whether I should confess to being the one. Nevertheless, I have enjoyed the cross-Dispatch Box jousting that we have had from time to time and I appreciate the Minister’s skill in replying—often, of course, defending the indefensible. Will he, on this occasion, give us real hope for the future? There is a possibility of very rapid growth of peer-to-peer lending. Is he certain that what will be in place is rigorous regulation of this developing sector? We obviously failed with regard to the banks in the past and there are a lot of anxieties about the new scheme now. This one presents particular challenges and I would like some reassurance from the Minister.

My Lords, the worry would be that if the Government constructed a good guys’ website they would not be on it. The Minister is absolutely right: we need international action. However, the significant European countries taking action with regard to places such as Monaco point a very accusatory finger at the UK Government, with our plethora of regimes that are in fact tax havens. That is why the Government should be taking a lead, not following others.

My Lords, the worry would be that if the Government constructed a good guys’ website they would not be on it. The Minister is absolutely right: we need international action. However, the significant European countries taking action with regard to places such as Monaco point a very accusatory finger at the UK Government, with our plethora of regimes that are in fact tax havens. That is why the Government should be taking a lead, not following others.

My Lords, following on from the previous question, is the Minister not concerned that the accident rate for cyclists is increasing alarmingly, especially in London? Cyclists have a particular problem in coping with large roundabouts where there are no regulated lanes. Several of the deaths have occurred at such roundabouts. Why do the Government not take up the programme that the Times has launched, “Cities fit for cycling”, in which it says that in order to get dedicated cycle lanes and improve our safety record we need £100 million a year spent on cycling?

My Lords, following on from the previous question, is the Minister not concerned that the accident rate for cyclists is increasing alarmingly, especially in London? Cyclists have a particular problem in coping with large roundabouts where there are no regulated lanes. Several of the deaths have occurred at such roundabouts. Why do the Government not take up the programme that the Times has launched, “Cities fit for cycling”, in which it says that in order to get dedicated cycle lanes and improve our safety record we need £100 million a year spent on cycling?

My Lords, it is all right for the Minister to wish the Americans well, but why do the Government not emulate them? Is he unaware of the fact that the American economy has been growing at 2%, while we are teetering on the edge of our own cliff towards a third recession?

My Lords, it is all right for the Minister to wish the Americans well, but why do the Government not emulate them? Is he unaware of the fact that the American economy has been growing at 2%, while we are teetering on the edge of our own cliff towards a third recession?

My Lords, the Minister has now indicated the conflict through two answers. He has just said that the role of NS&I is to raise money for the Government, and we all know its excellent reputation—but he also said earlier that it is there to look after the interests of savers, who are consistently getting a rate of return below the rate of inflation. How can that be fair?

My Lords, the Minister has now indicated the conflict through two answers. He has just said that the role of NS&I is to raise money for the Government, and we all know its excellent reputation—but he also said earlier that it is there to look after the interests of savers, who are consistently getting a rate of return below the rate of inflation. How can that be fair?

My Lords, why does the Secretary of State constantly refer to Sweden as a model of good schools when the Economist Intelligence Unit in its recent survey of world performance ranked our schools in sixth place and Swedish schools in 21st?

My Lords, why does the Secretary of State constantly refer to Sweden as a model of good schools when the Economist Intelligence Unit in its recent survey of world performance ranked our schools in sixth place and Swedish schools in 21st?

My Lords, the Minister is surely guilty of great complacency. Is this scheme not going the same way as Merlin and various other efforts under this Government? Will he not acknowledge

that £500,000 is a flea bite in terms of investment in our society and in business at the present time? Will he accept the fact, which he did not mention in his figures, that lending for business over the past quarter as a whole decreased by £3.3 billion? What on earth the Minister is doing producing complacent responses to these questions, I do not know. Do we not quite clearly need a British investment bank, backed by the Treasury, that can ensure that funds are made available to industry and business in order to guarantee recovery ?

My Lords, the Minister is surely guilty of great complacency. Is this scheme not going the same way as Merlin and various other efforts under this Government? Will he not acknowledge

that £500,000 is a flea bite in terms of investment in our society and in business at the present time? Will he accept the fact, which he did not mention in his figures, that lending for business over the past quarter as a whole decreased by £3.3 billion? What on earth the Minister is doing producing complacent responses to these questions, I do not know. Do we not quite clearly need a British investment bank, backed by the Treasury, that can ensure that funds are made available to industry and business in order to guarantee recovery ?

My Lords, something is wrong in the state of Denmark and on the roads of Britain, too. The noble Earl has identified the virtues of the legislation passed in 1999 and 2004. Utilities are meant to notify, and to be subject to penalties, if they do not complete the work in time. However, statistics show that road congestion due to roadworks is costing £2 billion a year. What on earth is going wrong with enforcement in this area?

My Lords, something is wrong in the state of Denmark and on the roads of Britain, too. The noble Earl has identified the virtues of the legislation passed in 1999 and 2004. Utilities are meant to notify, and to be subject to penalties, if they do not complete the work in time. However, statistics show that road congestion due to roadworks is costing £2 billion a year. What on earth is going wrong with enforcement in this area?