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Dormant Bank and Building Society Accounts Bill (HL) 2007-08
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Dormant Bank and Building Society Accounts Bill (HL) 2007-08 (117)

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It is quite simple: a list of participants should be published, and if the name of a building society or bank does not appear on it, shareholders, Ministers and Back-Bench Members of Parliament should be able to ask questions about its absence.

Member
Charles Walker (Conservative)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c60
House
House of Commons

I planned to intervene on my hon. Friend the Minister when he responded on this group of amendments, but the issue that I wanted to raise was mentioned by the hon. Member for Taunton (Mr. Browne). I realised that my question would probably be so long, Mr. Deputy Speaker, that...

Member
Tom Levitt (Labour)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c77
House
House of Commons

I shall not detain the House for long, but I wanted to point out why I put my name to the new clause. One of the main tenets of the Bill is to encourage people to get their money back—to get as much as of this money as possible back...

Member
Martyn Jones (Labour)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c44
House
House of Commons

I would rather have the comfort of knowing that the Government were obliged to have another review, rather than leave it to the whim of Treasury Ministers. That is a much more secure basis on which to have the review than to allow one review and for the matter then...

Member
Mark Hoban (Conservative)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c28
House
House of Commons

I congratulate the Minister on the passage of the Bill and on the addition on Report of a review process. The Bill will mean more money flowing back into the hands of the public and important charities. Many of us had hoped for a much tighter check on the UK...

Member
Martyn Jones (Labour)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c87-8
House
House of Commons

Does the hon. Gentleman accept that a register may well be complicated, and that if the Government do not like that complication, then why not, instead of giving the Big Lottery Fund 100 per cent. of the moneys contained in the dormant bank or building society account held by a...

Member
Charles Walker (Conservative)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c51
House
House of Commons

I very much appreciate the probing nature of the amendments tabled by the hon. Members for North Southwark and Bermondsey (Simon Hughes) and for Fareham (Mr. Hoban). The legislation defines the basic architecture for the operation of the reclaim scheme, how it will transfer funds to the Big Lottery Fund...

Member
Ian Pearson (Labour)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c77-8
House
House of Commons

I am happy with the model that my hon. Friend has just described, but it seems to suggest that a lot of money will be going into the fund but will not be distributed straight away and, given the quantities that we are talking about, there might be a period...

Member
Tom Levitt (Labour)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c78
House
House of Commons

It is one matter to decide how much money goes from banks and building societies into the reclaim fund and over what period—I have tried to give some indication as to how it would be likely to operate—and there is another set of decisions in terms of the transfer of...

Member
Ian Pearson (Labour)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c78
House
House of Commons

I shall start by saying a few words about the amendments tabled by the hon. Member for North Southwark and Bermondsey (Simon Hughes). He will find, as we found in Committee, that the Government's main priority is expenditure on youth services. That has been a recurrent theme, and it is...

Member
Mark Hoban (Conservative)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c72-4
House
House of Commons

If I may, I shall say more about that when I turn to the next amendment, because it is probably more convenient to do so then. However, I should point out that there are certain issues in respect of the Financial Services Authority and regulatory approval of the reclaim fund,...

Member
Ian Pearson (Labour)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c81-2
House
House of Commons

Colleagues can be released, and the dogs can be taken off; hon. Members can have an early evening and get ready for the fray tomorrow. I am grateful for the Minister's helpful response. I have taken on board what he has said. People in the voluntary sector, particularly those with...

Member
Simon Hughes (Liberal Democrat)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c82
House
House of Commons

I should like to clarify two points. First, will the Minister confirm that, if the legislation is passed as drafted, Government policy will not prevent the Big Lottery Fund from interpreting existing and new revenue and capital widely, as the implication appears to be, and that the BLF will be...

Member
Simon Hughes (Liberal Democrat)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c79-80
House
House of Commons

The Government's clear policy intention has always been that youth spending in England should be the priority, but there are other considerations, particularly with regard to the build up of the fund, as I mentioned earlier. If the Government were minded to support and take forward the social investment wholesaler,...

Member
Ian Pearson (Labour)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c80-1
House
House of Commons

I agree strongly with the latter point. On the former, obviously the BLF has to operate within the legislative framework in the Bill and in accordance with the Government's directions. I shall talk in a minute about the strategic plan, which I hope will provide even more clarification. Amendment No....

Member
Ian Pearson (Labour)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c80
House
House of Commons

I beg to move, That the Bill be now read the Third time. We have had an interesting debate on Report. I am grateful to all hon. Members who took part and to those who served on the Public Bill Committee. I am grateful for the good spirit and the...

Member
Ian Pearson (Labour)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c84-5
House
House of Commons

The Minister rightly said that we dealt with the debate on Report as we did with the debates in Committee—by setting out from the outset to be constructive and to take the opportunity to understand and to challenge the Government's intentions. I think that the Bill is better as a...

Member
Mark Hoban (Conservative)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c85-6
House
House of Commons

Again, the Minister has been helpful; the phrase that I take from his response is ““the middle of next year””, which is an encouraging marker. Will he give one more indication, just so that people can be clear? If the implementation is to take place in the middle of next...

Member
Simon Hughes (Liberal Democrat)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c84
House
House of Commons

What I would wish to happen is that during the course of the financial year 2009-2010 we have not only a reclaim fund up and running, but banks and building societies transferring money into it. I would also like to think that the reclaim fund will be making decisions during...

Member
Ian Pearson (Labour)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c84
House
House of Commons

I am grateful to the Minister for his reply. I shall come for my meeting with his colleagues with a good knock on the door and all the encouragement that I can muster. I hope that the Government will be able to move this matter forward as quickly as possible...

Member
Simon Hughes (Liberal Democrat)
Type
Proceeding contributions
Date
3 November 2008
Reference
482 c84
House
House of Commons