My Lords, on 24 August I landed in Delhi to take part in the B20 before the G20. India was celebrating because the day before, on 23 August, Chandrayaan-3, the Indian spacecraft, landed on the south pole of the moon—the first time ever a spacecraft has done that. India is...

My Lords, on 24 August I landed in Delhi to take part in the B20 before the G20. India was celebrating because the day before, on 23 August, Chandrayaan-3, the Indian spacecraft, landed on the south pole of the moon—the first time ever a spacecraft has done that. India is...

My Lords, one of my earliest memories of my grandfather, Squadron Leader JD Italia, in Hyderabad, India, is him listening to the BBC World Service on his radio. Last month, I visited Bangladesh. Fifty years ago, my father fought in the liberation war of Bangladesh, commanding his battalion. He was...

My Lords, one of my earliest memories of my grandfather, Squadron Leader JD Italia, in Hyderabad, India, is him listening to the BBC World Service on his radio. Last month, I visited Bangladesh. Fifty years ago, my father fought in the liberation war of Bangladesh, commanding his battalion. He was...

My Lords, the gracious Speech in Her Majesty’s Platinum Jubilee year starts with the Government’s priority being to grow and strengthen the economy and help ease the cost of living crisis for families. It talks about supporting the Bank of England to return inflation to its target by establishing an...

My Lords, the gracious Speech in Her Majesty’s Platinum Jubilee year starts with the Government’s priority being to grow and strengthen the economy and help ease the cost of living crisis for families. It talks about supporting the Bank of England to return inflation to its target by establishing an...

My Lords, as president of the CBI, I can say that industry welcomes the new defence and security and industrial strategy, or DSIS, and the vision that lays out the defence sector’s strategic

relationship with industry. The DSIS is ambitious regarding R&D and innovation, exportability and global Britain, and the...

My Lords, as president of the CBI, I can say that industry welcomes the new defence and security and industrial strategy, or DSIS, and the vision that lays out the defence sector’s strategic

relationship with industry. The DSIS is ambitious regarding R&D and innovation, exportability and global Britain, and the...

My Lords, the UK’s advertising industry is a success story. It contributes £120 billion to the UK economy and supports 1 million jobs. London is seen as the global headquarters of advertising and a centre of excellence. We have heard that we export around the world and attract the best...

My Lords, the UK’s advertising industry is a success story. It contributes £120 billion to the UK economy and supports 1 million jobs. London is seen as the global headquarters of advertising and a centre of excellence. We have heard that we export around the world and attract the best...

I apologise to the right reverend Prelate.

1.19 pm

I apologise to the right reverend Prelate.

1.19 pm

My Lords, three years ago, exactly at the time of the referendum, the UK was the fastest-growing economy in the western world, respected around the world, at the top table of the world, including at the European Union and then Brexit happened. In spite of this, as the noble Lords,...

My Lords, three years ago, exactly at the time of the referendum, the UK was the fastest-growing economy in the western world, respected around the world, at the top table of the world, including at the European Union and then Brexit happened. In spite of this, as the noble Lords,...

My Lords, I congratulate the noble Lord, Lord Forsyth, and his Economic Affairs Committee on their excellent report, Treating Students Fairly: The Economics of Post-School Education. On Brexit, the noble Lord and I are at opposite ends of the spectrum, but in the 12 years that I have been here,...

My Lords, I congratulate the noble Lord, Lord Forsyth, and his Economic Affairs Committee on their excellent report, Treating Students Fairly: The Economics of Post-School Education. On Brexit, the noble Lord and I are at opposite ends of the spectrum, but in the 12 years that I have been here,...

My Lords—

My Lords—

My Lords, it has taken a year since Howard Davies’s report for the Government to make this decision and we all know why it was delayed. Congratulations to the Government on making this decision at long last: business has been crying out for it. However, the Minister himself has just...

My Lords, it has taken a year since Howard Davies’s report for the Government to make this decision and we all know why it was delayed. Congratulations to the Government on making this decision at long last: business has been crying out for it. However, the Minister himself has just...

My Lords, I thank the noble Baroness, Lady Kramer, for introducing this Bill. It would amend the Budget Responsibility and National Audit Act 2011 by introducing the three factors that she spoke about: infrastructure; making sure,

“that the fiscal mandate does not have a substantially negative impact on intergenerational fairness”;

and ensuring,

“that...

My Lords, I thank the noble Baroness, Lady Kramer, for introducing this Bill. It would amend the Budget Responsibility and National Audit Act 2011 by introducing the three factors that she spoke about: infrastructure; making sure,

“that the fiscal mandate does not have a substantially negative impact on intergenerational fairness”;

and ensuring,

“that...

My Lords, I thank the noble Lord, Lord Berkeley, for bringing this debate before the House at this crucial time for our economy, particularly with regard to SMEs. I have started a business from scratch. There were two of us and we were even smaller than an “S”; then we...

My Lords, I thank the noble Lord, Lord Berkeley, for bringing this debate before the House at this crucial time for our economy, particularly with regard to SMEs. I have started a business from scratch. There were two of us and we were even smaller than an “S”; then we...

My Lords, building on what the noble Lord, Lord Eatwell, has just said, if we look back at the financial crisis, the FSA was asleep on the job, and that is being addressed by the Financial Services Bill. There is no question about that. The organisations that have got away...

My Lords, building on what the noble Lord, Lord Eatwell, has just said, if we look back at the financial crisis, the FSA was asleep on the job, and that is being addressed by the Financial Services Bill. There is no question about that. The organisations that have got away...

My Lords, I congratulate the noble Lord on his appointment and on a super maiden speech. Having accompanied him in his previous role on visits to India, I look forward in my role as the chair of the UK India Business Council to working closely with him in the future....

My Lords, I congratulate the noble Lord on his appointment and on a super maiden speech. Having accompanied him in his previous role on visits to India, I look forward in my role as the chair of the UK India Business Council to working closely with him in the future....

I want to make a point which has been overlooked time and again: the fact that a Government have injected £25 billion to rescue any organisation is almost unprecedented in the world. The magnitude is staggering. It has never been done for any other bank, let alone for any other...

I want to make a point which has been overlooked time and again: the fact that a Government have injected £25 billion to rescue any organisation is almost unprecedented in the world. The magnitude is staggering. It has never been done for any other bank, let alone for any other...

I am sorry to come in again, but the noble Lord, Lord Eatwell, mentioned the way in which things have moved so fast and changed. We were brought up with mortgages being for 25 or 30 years; I do not know how many people are aware that the average life...

I am sorry to come in again, but the noble Lord, Lord Eatwell, mentioned the way in which things have moved so fast and changed. We were brought up with mortgages being for 25 or 30 years; I do not know how many people are aware that the average life...

My Lords, I thank the Minister for giving way, and I shall be brief. He mentioned determination. Progress on the Bill has taken a lot of determination since it started 30 hours ago; it seems a long time ago, but it was only 30 hours ago. I began my speech...

My Lords, I thank the Minister for giving way, and I shall be brief. He mentioned determination. Progress on the Bill has taken a lot of determination since it started 30 hours ago; it seems a long time ago, but it was only 30 hours ago. I began my speech...

My Lords, when I first started my business, I was introduced to a well known businessman who told me something that I will never forget. He said, ““Young man, empires are built on trust””. What we have before us today is the result of the breakdown of trust—a breakdown of...

My Lords, when I first started my business, I was introduced to a well known businessman who told me something that I will never forget. He said, ““Young man, empires are built on trust””. What we have before us today is the result of the breakdown of trust—a breakdown of...