I refer the House to my entry in the Register of Members’ Financial Interests.

Further to the question from my hon. Friend the Member for Hammersmith (Andy Slaughter), may I point out that the Association of British Insurers has made very clear its view that the small claims limit in employer and public liability cases should remain at £1,000? We know that the Government would not listen to victims of injury and would not listen to the Justice Committee, so why are they not listening to the industry body that speaks for all insurers in the United Kingdom?

I refer the House to my entry in the Register of Members’ Financial Interests.

Further to the question from my hon. Friend the Member for Hammersmith (Andy Slaughter), may I point out that the Association of British Insurers has made very clear its view that the small claims limit in employer and public liability cases should remain at £1,000? We know that the Government would not listen to victims of injury and would not listen to the Justice Committee, so why are they not listening to the industry body that speaks for all insurers in the United Kingdom?

The £1,000 limit has not been changed for many years, and it is of course a great deal lower than the general small claims limit of £10,000. In my view, a small claims track limit of £5,000 balances access-to-justice considerations with reasonably administering the courts system.

The £1,000 limit has not been changed for many years, and it is of course a great deal lower than the general small claims limit of £10,000. In my view, a small claims track limit of £5,000 balances access-to-justice considerations with reasonably administering the courts system.

Lords motion to approve. Agreed to on question.

Lords motion to approve. Agreed to on question.

I beg to move that the House considers the Capital Requirements (Amendment) (EU Exit) Regulations 2019 and the Risk Transformation and Solvency 2 (Amendment) (EU Exit) Regulations 2019.

I beg to move that the House considers the Capital Requirements (Amendment) (EU Exit) Regulations 2019 and the Risk Transformation and Solvency 2 (Amendment) (EU Exit) Regulations 2019.

Perhaps I may help the Minister. I think he wants to move that they be approved. His speech has been prepared for a different venue.

Perhaps I may help the Minister. I think he wants to move that they be approved. His speech has been prepared for a different venue.

I beg to move that they be approved.

As the House will be aware, the Government had previously made all the necessary legislation to ensure that in the event of a no-deal exit on 29 March 2019, there was a functioning legal and regulatory regime for financial services from exit day....

I beg to move that they be approved.

As the House will be aware, the Government had previously made all the necessary legislation to ensure that in the event of a no-deal exit on 29 March 2019, there was a functioning legal and regulatory regime for financial services from exit day....

My Lords, these capital requirements regulations and indeed the solvency II ones follow a well-trodden path in terms of

allocation of powers from the EU to UK regulators, as relevant. By and large I have no problem with that, apart from the fact that it occurs to me that this...

My Lords, these capital requirements regulations and indeed the solvency II ones follow a well-trodden path in terms of

allocation of powers from the EU to UK regulators, as relevant. By and large I have no problem with that, apart from the fact that it occurs to me that this...

My Lords, I will be very brief. We on these Benches are obviously not going to oppose either of these SIs. We understand why they have been produced in such a hurry. Like my colleague, I really have no issue with the risk transformation and Solvency II SI. It genuinely...

My Lords, I will be very brief. We on these Benches are obviously not going to oppose either of these SIs. We understand why they have been produced in such a hurry. Like my colleague, I really have no issue with the risk transformation and Solvency II SI. It genuinely...

My Lords, I agree with the noble Baroness, Lady Bowles of Berkhamsted, that we debate the whole issue of resolution too infrequently. The tone of much of the paperwork here is concern about whether we are putting burdens on the industry that put it at a disadvantage, but one must...

My Lords, I agree with the noble Baroness, Lady Bowles of Berkhamsted, that we debate the whole issue of resolution too infrequently. The tone of much of the paperwork here is concern about whether we are putting burdens on the industry that put it at a disadvantage, but one must...

I thank noble Lords for this powerful debate on a highly technical subject. I endorse the noble Baroness, Lady Bowles, in her opening comment that this Chamber does not see enough discussion of

financial services and this critically important industry. By this afternoon’s account, that is a very great shame;...

I thank noble Lords for this powerful debate on a highly technical subject. I endorse the noble Baroness, Lady Bowles, in her opening comment that this Chamber does not see enough discussion of

financial services and this critically important industry. By this afternoon’s account, that is a very great shame;...

Motion to consider. Agreed to on question.

Motion to consider. Agreed to on question.

Thomas Cook

The following are extracts from a statement on Thomas Cook by the Secretary of State for Transport on 25 September 2019.

I would like to update the House with the latest information and give hon. Members a sense of the scale of the operation that has been going on. We...

Thomas Cook

The following are extracts from a statement on Thomas Cook by the Secretary of State for Transport on 25 September 2019.

I would like to update the House with the latest information and give hon. Members a sense of the scale of the operation that has been going on. We...

My Right Honourable friend, the Secretary of State for Transport (Grant Shapps), has made the following Ministerial Statement.

I am today updating the House at the earliest opportunity on the action the Government is taking to support those affected by the collapse of Thomas Cook, in particular the 150,000 passengers left...

My Right Honourable friend, the Secretary of State for Transport (Grant Shapps), has made the following Ministerial Statement.

I am today updating the House at the earliest opportunity on the action the Government is taking to support those affected by the collapse of Thomas Cook, in particular the 150,000 passengers left...

I am today updating the House at the earliest opportunity on the action the Government is taking to support those affected by the collapse of Thomas Cook, in particular the 150,000 passengers left abroad without a flight back to the UK and the 9,000 people who have lost their jobs...

I am today updating the House at the earliest opportunity on the action the Government is taking to support those affected by the collapse of Thomas Cook, in particular the 150,000 passengers left abroad without a flight back to the UK and the 9,000 people who have lost their jobs...