Loans to Ireland Bill. Lords second reading debate. Agreed on question. Committee negatived. Standing order 46 having been dispensed with, the Bill was read a third time and passed.
Moved by
Loans to Ireland Bill
Debate on bills on Tuesday, 21 December 2010,
in the House of Lords,
led by Lord Sassoon.
The answering
member was Lord Davies of Oldham.
Type
Parliamentary proceeding
Reference
723 c1020-9, c1033-55 
Session
2010-12
Chamber / Committee
House of Lords chamber
Loans to Ireland Bill. Brought from the Commons 15 December. Explanatory Notes also published HL Bill 36-EN.
Wednesday, 15 December 2010
Bills
House of Lords
Wednesday, 15 December 2010
Bills
House of Lords
Proceeding contributions
Lord Liddle | 723 c1023-5 (Link to this contribution)
My Lords, first I apologise most sincerely to the Minister for not being in the House for the start ...
Lord Sassoon | 723 c1020 (Link to this contribution)
That the Bill be read a second time.
Show all contributions (46)
Lord Newby | 723 c1029 (Link to this contribution)
I may be mistaken—I do not know the noble Lord desperately well—but I think that, in a former incarn...
Lord McAvoy | 723 c1029 (Link to this contribution)
My Lords, I hope that the noble Lord will forgive me, but I will be extremely brief. In the interest...
Lord McAvoy | 723 c1029 (Link to this contribution)
I did not have to send notes. I just looked encouraging.
Lord Sassoon | 723 c1020-3 (Link to this contribution)
My Lords, it is the Government’s intention to ask for authority to make a bilateral loan to Ireland ...
Lord Pearson of Rannoch | 723 c1025 (Link to this contribution)
My Lords, during the noble Lord’s remarks I think that I heard him say that British prospects for gr...
Lord Liddle | 723 c1025 (Link to this contribution)
I touched on that subject, because I said that Germany was taking far better advantage of global gro...
Lord Newby | 723 c1026-8 (Link to this contribution)
I thank the Minister for his very clear introduction to the debate. I was slightly concerned, howeve...
Lord Pearson of Rannoch | 723 c1028 (Link to this contribution)
My Lords, of course I admit that our trade with the eurozone is important, but is the noble Lord awa...
Lord Newby | 723 c1028-9 (Link to this contribution)
My Lords, the fact that such trade may be increasing more quickly is not surprising for two reasons....
Lord Liddle | 723 c1052 (Link to this contribution)
What plan have the British Government and the Prime Minister put forward for the eurozone? Why does ...
Lord Sassoon | 723 c1050-2 (Link to this contribution)
My Lords, I was talking about where Members of the House stood on the Bill, which is where I ought t...
Lord Pearson of Rannoch | 723 c1050 (Link to this contribution)
The Minister is very generous, but is he aware that the majority of the British people now wish to l...
Lord Sassoon | 723 c1050 (Link to this contribution)
My Lords, it has been an interesting debate and I am grateful for the contributions. The noble Lord,...
Lord Pearson of Rannoch | 723 c1053 (Link to this contribution)
I do not know whether the Minister will come to some of my questions later, but this might be a conv...
Lord Sassoon | 723 c1053 (Link to this contribution)
Indeed, my Lords, the money advanced to Ireland needs to be funded, but it is precisely because we h...
Lord Davies of Stamford | 723 c1053 (Link to this contribution)
Perhaps may I press the Minister a little more on what he said about this Irish loan not adding to t...
Lord Sassoon | 723 c1052-3 (Link to this contribution)
These are all factors that mean that we need, with the EU 27, to make sure that the structural refor...
Lord Davies of Oldham | 723 c1049-50 (Link to this contribution)
Well, who has bailed out Europe? We are talking about an economy in Europe that is receiving some as...
Lord Pearson of Rannoch | 723 c1049 (Link to this contribution)
My Lords, the noble Lord makes an interesting point. However, can he tell us who bailed out the Unit...
Lord Sassoon | 723 c1055 (Link to this contribution)
No and no.
Bill read a second time. Committee negatived. Standing Order 46 having been dispensed wi...
Lord Pearson of Rannoch | 723 c1055 (Link to this contribution)
Before the noble Lord sits down, there was one other important question that I asked him and I have ...
Lord Sassoon | 723 c1053-4 (Link to this contribution)
The position is as I have explained it. There is no question of change of competencies in this case ...
Lord Sassoon | 723 c1054-5 (Link to this contribution)
The noble Lord is possibly putting a spin on Madame Lagarde’s words that she would not entirely acce...
Lord Pearson of Rannoch | 723 c1054 (Link to this contribution)
My Lords, the noble Lord is being a little unfair to the previous Government. Surely, the decision w...
Lord Lamont of Lerwick | 723 c1040 (Link to this contribution)
I hesitate to remind the noble Lord, but I remember him making speeches telling us that if only we w...
Lord Davies of Stamford | 723 c1040 (Link to this contribution)
Undoubtedly had we been in the euro—and I totally agree with the noble Lord that I was, and remain, ...
Lord Davies of Stamford | 723 c1039-40 (Link to this contribution)
I agree entirely with the noble Lord’s indictment of the financial markets and a lot of lenders. I s...
Lord Lamont of Lerwick | 723 c1039 (Link to this contribution)
I do not disagree with much of what the noble Lord has said, but I think he is slightly overstating ...
Lord Davies of Stamford | 723 c1036-9 (Link to this contribution)
My Lords, I begin by asking the Minister a question. I would have intervened on him earlier, but sin...
Lord Cope of Berkeley | 723 c1034-6 (Link to this contribution)
My Lords, first, I should perhaps confirm that I am indeed the British co-chairman of the British-Ir...
Lord Bew | 723 c1033-4 (Link to this contribution)
My Lords, I thank the Minister for the skilful way in which he introduced the Bill. I approach this ...
Lord Newby | 723 c1029 (Link to this contribution)
My Lords, I am extremely grateful to the noble Lord for making that point. He will be aware that I h...
Lord Pearson of Rannoch | 723 c1029 (Link to this contribution)
Even in your Lordships' House, I believe that I am right in saying that the Companion suggests that ...
Lord Newby | 723 c1029 (Link to this contribution)
Well, as I am sure the noble Lord is learning, we do things differently in your Lordships' House. I ...
Lord Davies of Oldham | 723 c1047-9 (Link to this contribution)
My Lords, I suppose that, as it is almost the last day before the Christmas Recess, it is right that...
Lord Tugendhat | 723 c1043-4 (Link to this contribution)
Again I am grateful for the kind words of the noble Lord, but I do not think that the world works th...
Lord Liddle | 723 c1043 (Link to this contribution)
My Lords, I have a great deal of respect for what I have described as the pro-European pragmatism of...
Lord McFall of Alcluith | 723 c1046-7 (Link to this contribution)
My Lords, I commend the Government for this loan to Ireland initiative and I commend in particular t...
Lord Pearson of Rannoch | 723 c1044-6 (Link to this contribution)
My Lords, I start by confirming the clear illegality of bailing out the eurozone, which includes the...
Lord Tugendhat | 723 c1040-2 (Link to this contribution)
My Lords, like other noble Lords who have spoken, I applaud the Government’s decision to offer Irela...
Lord Davies of Stamford | 723 c1040 (Link to this contribution)
I am very happy to give, I hope, a very unambiguous answer to that as well. I do not believe that th...
Lord Tugendhat | 723 c1042-3 (Link to this contribution)
No, I do not agree with the noble Lord. He draws too clear a distinction between membership and non-...
Lord Davies of Stamford | 723 c1042 (Link to this contribution)
It is not surprising that as a man of the world and a former European commissioner, the noble Lord i...
Lord Pearson of Rannoch | 723 c1040 (Link to this contribution)
My Lords, I am sorry to press the noble Lord, but is he really saying that the predicaments in which...
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