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I note my interest as president of the China-Britain Business Council and as having other China interests. Does the Minister agree with me that in total there are some £40 billion of UK exports going to China each year, including to Hong Kong, and those support 400,000 UK jobs? While the EFD marks a very important re-engagement with China, will he confirm that there will be other ministerial engagements at the top level, including Trade Ministers, to support British business growth?
I note my interest as president of the China-Britain Business Council and as having other China interests. Does the Minister agree with me that in total there are some £40 billion of UK exports going to China each year, including to Hong Kong, and those support 400,000 UK jobs? While the EFD marks a very important re-engagement with China, will he confirm that there will be other ministerial engagements at the top level, including Trade Ministers, to support British business growth?
I am grateful to the noble Lord for his question. I agree with the point that he sets out in terms of the number of jobs that are supported by trade between our two countries. Yes, I think that further such ministerial engagements are planned. The Secretary of State for Business and Trade and the Secretary of State for Energy Security and Net Zero are both, I think, due to attend similar discussions.
My Lords, as a former trustee of the British Museum, may I ask my noble friend the Minister whether he agrees with me that, more generally, museums have a responsibility to be clear about the provenance of contested objects and that the British
Museum’s website provides a model of openness and transparency for museums globally on how to deal with, and explain the provenance of, such objects?
My Lords, as a former trustee of the British Museum, may I ask my noble friend the Minister whether he agrees with me that, more generally, museums have a responsibility to be clear about the provenance of contested objects and that the British
Museum’s website provides a model of openness and transparency for museums globally on how to deal with, and explain the provenance of, such objects?
I completely agree with my noble friend, and am grateful to him for alluding to the British Museum’s work in this area. The pages on its website that explain both these items and, more generally, the museum’s approach to issues of restitution and contested heritage, are a model of transparency. They set out the facts very clearly so that people can understand the past and make their own decisions—and also so that they can understand the claims for restitution that have been made to the museum, and how the museum is dealing with them.
My Lords, as a former trustee of the British Museum, may I ask my noble friend the Minister if he agrees with me not only, as he said, that the British Museum is prepared to lend objects—and is at this point lending objects to many countries generously on a long and short-term basis—but that this requires an acknowledgement of the good title that the British Museum has to those objects?
My Lords, as a former trustee of the British Museum, may I ask my noble friend the Minister if he agrees with me not only, as he said, that the British Museum is prepared to lend objects—and is at this point lending objects to many countries generously on a long and short-term basis—but that this requires an acknowledgement of the good title that the British Museum has to those objects?
I congratulate my noble friend on his recent appointment as chairman of Sir John Soane’s Museum. He is absolutely right that the British Museum is indeed a very generous lender, both overseas and within the United Kingdom. Before the pandemic, the British Museum normally loaned over 2,000 objects to around 100 venues outside the UK every year. In addition, as I say, many millions of people come to see the items in its global collection in Bloomsbury. The British Museum will consider any request for part of its collection to be borrowed, but that requires its legal ownership of those items to be recognised.
Agreed to on question. Bill passed and returned to the Commons with amendments.
Agreed to on question. Bill passed and returned to the Commons with amendments.
Lords statement on the Autumn Statement 2012.
Lords statement on the Autumn Statement 2012.
1 of 3
1 of 3
Lords statement on the appointment of the next Governor of the Bank of England.
Lords statement on the appointment of the next Governor of the Bank of England.
Part 2 of 3
Part 2 of 3
Financial Services Bill. Lords motion on order in which amendments for Report Stage be marshalled and considered. Agreed to on question (formal).
Financial Services Bill. Lords motion on order in which amendments for Report Stage be marshalled and considered. Agreed to on question (formal).
Clauses 28 to 56 agreed to, with clauses 27, 37 and 48 agreed to as amended. Schedules 7 to 9, 11 to 12, 14 to 15 agreed to as amended. Schedules 13 and 16 agreed to.
Clauses 28 to 56 agreed to, with clauses 27, 37 and 48 agreed to as amended. Schedules 7 to 9, 11 to 12, 14 to 15 agreed to as amended. Schedules 13 and 16 agreed to.
Clauses 6 to 25 agreed to, with clauses 14, 22, and 25 agreed to as amended. Schedule 4 agreed to as amended. Schedules 5 and 6 agreed to.
Clauses 6 to 25 agreed to, with clauses 14, 22, and 25 agreed to as amended. Schedule 4 agreed to as amended. Schedules 5 and 6 agreed to.
Draft Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2012. Lords motion to approve. Agreed to on question (formal).
Draft Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2012. Lords motion to approve. Agreed to on question (formal).
Motion to consider agreed to on question
Motion to consider agreed to on question
Supply and Appropriation (Main Estimates) Bill. Lords second reading (formal). Committee negatived. Standing Order 46 having been dispensed with, Lords third reading (formal). Passed.
Supply and Appropriation (Main Estimates) Bill. Lords second reading (formal). Committee negatived. Standing Order 46 having been dispensed with, Lords third reading (formal). Passed.
Second reading agreed to on question. Committee negatived. Standing Order 46 having been dispensed with, Bill was read a third time and passed.
Second reading agreed to on question. Committee negatived. Standing Order 46 having been dispensed with, Bill was read a third time and passed.
Draft Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2012. Lords motion that the draft order be referred to a Grand Committee. Agreed to on question (formal).
Draft Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2012. Lords motion that the draft order be referred to a Grand Committee. Agreed to on question (formal).
Second day. Clause 3 under consideration
Second day. Clause 3 under consideration
Lords statement on the Financial Services Authority's investigation into Barclays and the attempted manipulation of the LIBOR market.
Lords statement on the Financial Services Authority's investigation into Barclays and the attempted manipulation of the LIBOR market.
Lords statement on the Financial Services Authority's investigation into the manipulation of the setting of the LIBOR and EURIBOR interest rates and the Government's response.
Lords statement on the Financial Services Authority's investigation into the manipulation of the setting of the LIBOR and EURIBOR interest rates and the Government's response.