Does the Minister agree that the burden for safety should be with the platform rather than the user? She made reference to the Online Safety Act in terms of tackling algorithms in this way. Why has not Ofcom used those powers?

Does the Minister agree that the burden for safety should be with the platform rather than the user? She made reference to the Online Safety Act in terms of tackling algorithms in this way. Why has not Ofcom used those powers?

Moved by

Baroness Northover

34: Clause 17, page 21, line 34, leave out subsections (2) to (11) and insert—

“(2) In section 3B (regulatory principles to be applied to both regulators), after subsection (1)(h) insert—

“(i) the need to consider financial stability risks associated with climate change.””

Moved by

Baroness Northover

34: Clause 17, page 21, line 34, leave out subsections (2) to (11) and insert—

“(2) In section 3B (regulatory principles to be applied to both regulators), after subsection (1)(h) insert—

“(i) the need to consider financial stability risks associated with climate change.””

My Lords, in moving Amendment 34 I will speak to Amendments 55, 65 and 91. I will speak briefly. I thank noble Lords for their support and that of Peers for the Planet. There can be no doubt of the climate challenges we face after another summer of drought, wildfires...

My Lords, in moving Amendment 34 I will speak to Amendments 55, 65 and 91. I will speak briefly. I thank noble Lords for their support and that of Peers for the Planet. There can be no doubt of the climate challenges we face after another summer of drought, wildfires...

My Lords, I thank the Minister for his very encouraging reply. I think that we are in agreement that there could not be a more important area. No one paid attention to the subprime market, then we had the 2008 crash. The economic and social costs are still with us...

My Lords, I thank the Minister for his very encouraging reply. I think that we are in agreement that there could not be a more important area. No one paid attention to the subprime market, then we had the 2008 crash. The economic and social costs are still with us...

Moved by

Baroness Northover

99: After Clause 42, insert the following new Clause—

“Cyber security competence: functions of the UK Cyber Security Council

(1) The UK Cyber Security Council is to exercise the functions described in subsection (2) and is accountable to the Secretary of State for the exercise of those functions.

(2) The functions...

Moved by

Baroness Northover

99: After Clause 42, insert the following new Clause—

“Cyber security competence: functions of the UK Cyber Security Council

(1) The UK Cyber Security Council is to exercise the functions described in subsection (2) and is accountable to the Secretary of State for the exercise of those functions.

(2) The functions...

My Lords, all the amendments that I have put down to the Bill are derived from evidence we received on the National Resilience Select Committee. I am sorry that I was not here last week to address those that came up then, and I am very grateful to my noble...

My Lords, all the amendments that I have put down to the Bill are derived from evidence we received on the National Resilience Select Committee. I am sorry that I was not here last week to address those that came up then, and I am very grateful to my noble...

I thank the Minister for her thoughtful reply and I thank other noble Lords for their support here. Clearly, we are all seeking to move in the same direction. There is a challenge and risks here that are incredibly important. Whether this is the right way forward, we will have...

I thank the Minister for her thoughtful reply and I thank other noble Lords for their support here. Clearly, we are all seeking to move in the same direction. There is a challenge and risks here that are incredibly important. Whether this is the right way forward, we will have...

Moved by

Baroness Northover

100: After Clause 42, insert the following new Clause—

“National cyber security support service for small and medium-sized enterprises

(1) The Secretary of State must, by regulations, make provision for the establishment and operation of a national cyber security support and incident response service for relevant small and medium-sized enterprises...

Moved by

Baroness Northover

100: After Clause 42, insert the following new Clause—

“National cyber security support service for small and medium-sized enterprises

(1) The Secretary of State must, by regulations, make provision for the establishment and operation of a national cyber security support and incident response service for relevant small and medium-sized enterprises...

My Lords, this amendment again comes out of the evidence submitted to our National Resilience Select Committee.

It has been reported that many SMEs think that they are too small to be a target. However, as was reported at Second Reading, government research shows that 50% of UK SMEs faced some...

My Lords, this amendment again comes out of the evidence submitted to our National Resilience Select Committee.

It has been reported that many SMEs think that they are too small to be a target. However, as was reported at Second Reading, government research shows that 50% of UK SMEs faced some...

I thank the Minister, and I thank noble Lords for their support. This is clearly an area where we agree that there is a problem; we are very vulnerable in the United Kingdom. What we have in place is clearly not working sufficiently well if 60% of SMEs that are...

I thank the Minister, and I thank noble Lords for their support. This is clearly an area where we agree that there is a problem; we are very vulnerable in the United Kingdom. What we have in place is clearly not working sufficiently well if 60% of SMEs that are...

My Lords, I too thank the noble Baroness for introducing the Bill. From these Benches we welcome the Bill, but we feel that in a number of ways it does not go far enough. Hostile state actors, organised crime and others are increasingly targeting our systems at every level with...

My Lords, I too thank the noble Baroness for introducing the Bill. From these Benches we welcome the Bill, but we feel that in a number of ways it does not go far enough. Hostile state actors, organised crime and others are increasingly targeting our systems at every level with...

To ask His Majesty’s Government what assessment they have made of the long-term implications of climate change and nature loss for housing insurability, mortgage lending and household financial resilience.

To ask His Majesty’s Government what assessment they have made of the long-term implications of climate change and nature loss for housing insurability, mortgage lending and household financial resilience.

I thank the Minister for that reply. I hope he has read the adaptation report of the Climate Change Committee, in which it warns very clearly about the effects of increased flood and wildfire risk to the financial sector and the economy more generally. The Minister will remember the effect of the US subprime market on the UK economy from 2008 onwards. In the UK we can already see that property values, insurance availability and mortgage lending are all affected by climate change. Can he give further details as to how urgently the Government are addressing these risks?

I thank the Minister for that reply. I hope he has read the adaptation report of the Climate Change Committee, in which it warns very clearly about the effects of increased flood and wildfire risk to the financial sector and the economy more generally. The Minister will remember the effect of the US subprime market on the UK economy from 2008 onwards. In the UK we can already see that property values, insurance availability and mortgage lending are all affected by climate change. Can he give further details as to how urgently the Government are addressing these risks?

My Lords—

My Lords—

I appreciate that. The Sargasso Sea is extremely important for hundreds of species, so will the Government advocate for the highest level of protection, under which all industrial fishing, in particular, is banned?

I appreciate that. The Sargasso Sea is extremely important for hundreds of species, so will the Government advocate for the highest level of protection, under which all industrial fishing, in particular, is banned?

My Lords, I speak briefly in support of my noble friend Lord Marks. He has put the case extremely effectively, taking from the amendment tabled by my honourable friend in the other place. Generally speaking, this is an area where there has been much cross-party working by the right honourable...

My Lords, I speak briefly in support of my noble friend Lord Marks. He has put the case extremely effectively, taking from the amendment tabled by my honourable friend in the other place. Generally speaking, this is an area where there has been much cross-party working by the right honourable...

Moved by

Baroness Northover

11: Clause 2, page 4, line 34, at end insert—

“(5A) Subsections (1) and (2) do not apply to conduct engaged in on behalf of an impartial humanitarian organisation that is necessary to ensure the delivery of humanitarian assistance or to support other activities that support basic human needs.”

Member’s...

Moved by

Baroness Northover

11: Clause 2, page 4, line 34, at end insert—

“(5A) Subsections (1) and (2) do not apply to conduct engaged in on behalf of an impartial humanitarian organisation that is necessary to ensure the delivery of humanitarian assistance or to support other activities that support basic human needs.”

Member’s...

My Lords, in moving Amendment 11, I will speak also to Amendment 12A, which replaces my original Amendment 12; Amendment 13A, which replaces my original Amendment 13; Amendment 18A, which replaces Amendment 18; Amendment 19A, which replaces Amendment 19; and Amendment 16.

I want to start by acknowledging the huge amount...

My Lords, in moving Amendment 11, I will speak also to Amendment 12A, which replaces my original Amendment 12; Amendment 13A, which replaces my original Amendment 13; Amendment 18A, which replaces Amendment 18; Amendment 19A, which replaces Amendment 19; and Amendment 16.

I want to start by acknowledging the huge amount...

My Lords, I think the noble Lord means the International Committee of the Red Cross.

My Lords, I think the noble Lord means the International Committee of the Red Cross.

I am grateful to the Minister. It is important that we focus on the matter in hand, what the Government are seeking to do, making sure there are no unintended consequences and taking this forward. I hear the concern from the Conservative Front Bench, but I hope that they are...

I am grateful to the Minister. It is important that we focus on the matter in hand, what the Government are seeking to do, making sure there are no unintended consequences and taking this forward. I hear the concern from the Conservative Front Bench, but I hope that they are...