My Lords, it was a great honour to be introduced to the House two weeks ago. I pray to God that He blesses and guides my words and my deeds here.
As the other two new Members of the House mentioned, we have had a very warm welcome, even with the coronavirus restrictions. I mentioned to my husband, Richard, the other day that, if ever I am in need of a pick-me-up, I shall come along to the House
of Lords, where everybody, including all the staff, has made me feel very much at home—albeit a rather grander home than I am used to.
I should like to pay a special tribute to my two supporters: my noble friend Lord Lamont and the noble Baroness, Lady Goudie. There seems to be a bit of a competition this afternoon as to who has known my noble friend Lord Lamont the longest. I cannot compete with the 60-odd years that have been cited, but we have known each other for several years, ever since he was a brilliant guest speaker at Newton Investment Management seminars for our clients a few years ago. The seminars entailed us travelling around the country together for a week—sort of on tour. At the end of that time, I appreciated that he was not only a great speaker but wonderful company as well, and we have been great friends ever since. I thank my noble friend for his generous support.
The noble Baroness, Lady Goudie, and I have worked together for many years on the 30% Club. Frankly, I have been amazed at the jump in the proportion of women on company boards in this country, from less than 10% when we started the campaign a decade ago to over 30% today. Much of this must be attributed to the wonderful way that the noble Baroness had of making me implement some of my more unusual ideas when there were probably at least 100 reasons not to. I am very grateful to her for that. We have not always seen eye to eye on everything, but we have never let that get in the way of our friendship. In fact, the premise of the 30% Club is that we need diversity of thought; we need challenge and robust debate if we are to get to the right decision. I have seen that it is very easy for people to subscribe to that in the good times, but it is in times of challenge, disruption and threat than I am afraid that that fine principle is often disregarded. Yet, in my experience, those are precisely the moments when we most need to be open-minded, to listen to each other, to be honest about what we know and do not know, and to be transparent. It is clear that we live in such a time.
I am a supporter of Her Majesty’s Government and I wish to see them succeed, particularly in their battle against the coronavirus pandemic. But on what basis can Parliament judge whether their decisions are the right ones if it is neither informed nor involved? Let us take the rule of six, which my noble and learned friend Lord Clarke mentioned but which he did not think would have many implications for many people. However, I am a mother of nine and seven of them are still at home, so it has rather a big bearing on us. If we have any workmen coming to the house, we have to evacuate. But Parliament was obviously not even informed of that announcement before the media were told, let alone given the opportunity to scrutinise, to challenge, to consider alternative courses of action or to vote.
When I was CEO of Newton, which I was for 15 years, I learned that my job was very much about balancing different hopes and fears, multiple risks and opportunities. I did not have the luxury of focusing on just one; nor could I afford to listen to the advice of, say, only the compliance officer or follow the lawyer or, for that matter, the economist, otherwise that would have been of severe detriment to the business. My job was to balance the different considerations.
Today, the stakes in this country are extraordinarily high. Parliament needs to feel confident that the Government are balancing the need to protect the vulnerable from coronavirus with the very many other health risks that have been mentioned today, with the economic challenges, and with the profound impacts that the lockdown measures are having on young people and on lonely people, and of course on our civil liberties.
I am delighted to join this House. I understand that it is the guardian of the parliamentary process and, as such, a guardian of the interests of the British people. As has been observed today, the Government have very hard choices to make, as the Chancellor said last week, so let us ensure that Parliament can do its job: that it can scrutinise measures before they are enforced, and that the diverse perspectives of Members of both this House and the other place are drawn into the discussion, so that the best courses of action can be taken for this country and its people.
5.46 pm