My Lords, I will speak very briefly to Amendment 140 on transition plans and Amendment 172 on forest risk commodities, to which I have added my name. On transition plans, I do not think it is really an interest to declare, but a reason I signed that amendment is that...

My Lords, I will speak very briefly to Amendment 140 on transition plans and Amendment 172 on forest risk commodities, to which I have added my name. On transition plans, I do not think it is really an interest to declare, but a reason I signed that amendment is that...

My Lords, a key part of this mission is focused on the first 1,001 critical days of a child’s life. Evidence shows that having a father involved at this time supports the child’s future social and emotional development, as well as their future academic outcomes. Our current system of parental leave offers no support for self-employed fathers, meaning that only one in six takes any time off at all when their child is born. This contributes to the motherhood penalty. What are the Government going to do about this?

My Lords, a key part of this mission is focused on the first 1,001 critical days of a child’s life. Evidence shows that having a father involved at this time supports the child’s future social and emotional development, as well as their future academic outcomes. Our current system of parental leave offers no support for self-employed fathers, meaning that only one in six takes any time off at all when their child is born. This contributes to the motherhood penalty. What are the Government going to do about this?

My Lords, as someone whose daughter has just started breakfast club this week for the first time, I absolutely recognise their value for children and parents. The Minister was helpfully clear that the key difference in the Government’s approach is that it is about universality and a free-to-use service. She...

My Lords, as someone whose daughter has just started breakfast club this week for the first time, I absolutely recognise their value for children and parents. The Minister was helpfully clear that the key difference in the Government’s approach is that it is about universality and a free-to-use service. She...

My Lords, I want to follow up the point made by noble friend Lady Coffey on the impact of the national insurance rise on childcare providers. The Minister recognised the impact that rise will have on childcare provision by saying that public sector providers will get an additional £25 million...

My Lords, I want to follow up the point made by noble friend Lady Coffey on the impact of the national insurance rise on childcare providers. The Minister recognised the impact that rise will have on childcare provision by saying that public sector providers will get an additional £25 million...

To ask His Majesty's Government what measures they plan to introduce to financially support vulnerable and marginalised members of our communities in the UK.

To ask His Majesty's Government what measures they plan to introduce to financially support vulnerable and marginalised members of our communities in the UK.

To ask His Majesty's Government how they monitor whether banks are complying with their legal duty to enable citizens without a fixed address to access a basic bank account; and what are the results of this monitoring.

To ask His Majesty's Government how they monitor whether banks are complying with their legal duty to enable citizens without a fixed address to access a basic bank account; and what are the results of this monitoring.

Lords consideration of Commons reason and amendments. Lords amendment 7 not insisted on and Commons amendments 7A, 7B and 7C in lieu agreed to. Lords amendment 10 not insisted on. Lords amendment 36 not insisted on and Commons amendment 36A in lieu agreed to.

Lords consideration of Commons reason and amendments. Lords amendment 7 not insisted on and Commons amendments 7A, 7B and 7C in lieu agreed to. Lords amendment 10 not insisted on. Lords amendment 36 not insisted on and Commons amendment 36A in lieu agreed to.

Moved by

Baroness Penn

Moved by

Baroness Penn

My Lords, I beg to move Motion A and, with the leave of the House, will also speak to Motions B and C. I am grateful to all noble Lords for their considered scrutiny of the remaining issues in front of us today and throughout the Bill’s passage.

I will speak...

My Lords, I beg to move Motion A and, with the leave of the House, will also speak to Motions B and C. I am grateful to all noble Lords for their considered scrutiny of the remaining issues in front of us today and throughout the Bill’s passage.

I will speak...

My Lords, I am grateful to noble Lords for the debate today, and I would like to address some of the points raised.

On the addition of the obligations under the Environment Act to the principle on climate change, I intended in my opening speech to clarify some of the language...

My Lords, I am grateful to noble Lords for the debate today, and I would like to address some of the points raised.

On the addition of the obligations under the Environment Act to the principle on climate change, I intended in my opening speech to clarify some of the language...

Moved by

Baroness Penn

Moved by

Baroness Penn

Moved by

Baroness Penn

Moved by

Baroness Penn

Moved by

Baroness Penn

11: After Clause 24, insert the following new Clause—

“Competitiveness and growth objective: reporting requirements

(1) Each regulator must make two reports to the Treasury on how it has complied with its duty to advance the competitiveness and growth objective.

(2) The reports prepared by each regulator under subsection (1) must...

Moved by

Baroness Penn

11: After Clause 24, insert the following new Clause—

“Competitiveness and growth objective: reporting requirements

(1) Each regulator must make two reports to the Treasury on how it has complied with its duty to advance the competitiveness and growth objective.

(2) The reports prepared by each regulator under subsection (1) must...

My Lords, as your Lordships know, the Bill delivers the outcomes of the future regulatory framework, or FRF, review. It repeals hundreds of

pieces of retained EU law relating to financial services and, as we have discussed, will give the regulators significant new rule-making responsibilities. The Government have been clear...

My Lords, as your Lordships know, the Bill delivers the outcomes of the future regulatory framework, or FRF, review. It repeals hundreds of

pieces of retained EU law relating to financial services and, as we have discussed, will give the regulators significant new rule-making responsibilities. The Government have been clear...

My Lords, I thank all noble Lords for that constructive debate and I seek to engage only with the points that have been raised.

I agree with the noble Lord, Lord Eatwell, that high regulatory standards are a key to London’s and the UK’s competitiveness as a financial centre. That is...

My Lords, I thank all noble Lords for that constructive debate and I seek to engage only with the points that have been raised.

I agree with the noble Lord, Lord Eatwell, that high regulatory standards are a key to London’s and the UK’s competitiveness as a financial centre. That is...

My Lords, the Government are committed to ensuring that people, regardless of their background or income, have access to useful and affordable financial services and products. We work closely with the FCA in pursuit of that goal.

The FCA’s strategic objective is to ensure that relevant markets function well. Its operational...

My Lords, the Government are committed to ensuring that people, regardless of their background or income, have access to useful and affordable financial services and products. We work closely with the FCA in pursuit of that goal.

The FCA’s strategic objective is to ensure that relevant markets function well. Its operational...

Some of the implications of the noble Lord’s contribution on potentially obliging people to use certain payment systems show that including financial inclusion under the consumer protection objective could have quite far-reaching consequences that we would want fully to think through and consult on before changing the objectives. That lies...

Some of the implications of the noble Lord’s contribution on potentially obliging people to use certain payment systems show that including financial inclusion under the consumer protection objective could have quite far-reaching consequences that we would want fully to think through and consult on before changing the objectives. That lies...

Moved by

Baroness Penn

16: Clause 26, page 39, line 15, at end insert—

“(1A) In section 1JA (Treasury recommendations in connection with general duties), after subsection (1)(c) insert—

“(ca) how to discharge the duty in section 1B(4A)(duty to advance competitiveness and growth objective),”.

(1B) In section 1K (guidance about objectives), after subsection (1) insert—

“(1A)...

Moved by

Baroness Penn

16: Clause 26, page 39, line 15, at end insert—

“(1A) In section 1JA (Treasury recommendations in connection with general duties), after subsection (1)(c) insert—

“(ca) how to discharge the duty in section 1B(4A)(duty to advance competitiveness and growth objective),”.

(1B) In section 1K (guidance about objectives), after subsection (1) insert—

“(1A)...

Moved by

Baroness Penn

20: Clause 27, page 40, line 6, at end insert—

“(1A) The statement must provide information about—

(a) how representations (including by a statutory panel) can be made to each regulator with respect to its review of rules under section 3RA, and

(b) the arrangements to ensure that those representations are...

Moved by

Baroness Penn

20: Clause 27, page 40, line 6, at end insert—

“(1A) The statement must provide information about—

(a) how representations (including by a statutory panel) can be made to each regulator with respect to its review of rules under section 3RA, and

(b) the arrangements to ensure that those representations are...

Lords report stage second day. Amendment 11 agreed to. Amendment 15 agreed to on division (193 to 159). Amendments 16 and 17 agreed to. Amendment 18 agreed to on division (191 to 154). Amendments 20 to 22 agreed to. (Part 1 of 2).

Lords report stage second day. Amendment 11 agreed to. Amendment 15 agreed to on division (193 to 159). Amendments 16 and 17 agreed to. Amendment 18 agreed to on division (191 to 154). Amendments 20 to 22 agreed to. (Part 1 of 2).