Lords Grand Committee
3 November 2026
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Lords Grand Committee Actual start House of Lords
Follow its sittings16:48 - 17:13
Speaker 2
My Lords, I have to remind your Lordships that if there is a division in the chamber while we're sitting, this committee will adjourn as soon as the division bells are rung and resume after 10 minutes. Motion for debate, report on the Industry and Regulators Committee, Baroness Hayter of Kentish Town.
17:13 - 18:46
Speaker 1
What a welcome.
And I do rise to move that we take note of our committee's report, which is called Time is Money: How Regulators can Support Growth. And in doing so, I'd like to pay tribute to our committee staff, to Rhiannon Williams and Dominic Cooper, together with the invaluable support from an NAO secondment, Sarah Piercy, and committee members, including the noble baronesses, ladies Harding and Valentine, and noble lords, Fuller and Adney-Lister, who you'll hear from today, together with Baroness Carbery and Lord Camoys, who are also on the committee, we might hear from today. But also we're going to hear from Lord Chandos, my noble friend Lord Chandos, who was in at the start of the process, though he did then escape for good behaviour. And if I can start with an apology to my noble friend Lord Smith of Ramor for misnaming his former organisation, the FSA, obviously the agent, not the agency, not the authority, on the table on page 11.
To confess, it was him that spotted that, not me. Maybe I could also thank the then relevant ministers, notably and significantly both from the Treasury and from the Business Department, my noble friend, Lord Livermore, and the MP, Blair McDougall, for appearing in front of the committee, as indeed did the noble Lord Willetts, who was enormous assistance to our work.
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