Speeches by Baldwin.

“I will. I am sure that the hon. Gentleman does not like hearing that news.”

“The Minister’s Government have changed policy to not issue any new licences for domestic oil and gas, so we will become more dependent on imports at times when solar and wind are not working, unless we can increase nuclear generation. It is Nuclear Week in Parliament, so what pressure is she putting on the Energy Secre…”

“I did not mean to imply that.”

“I want to get back to the subject du jour, which is growth and the Chancellor’s speech. There was something very striking that you said right at the beginning, Governor, about the way in which growth in this country has been at a slower pace since the financial crisis, as if you were pinning some of the blame not only …”

“Do you agree with the Chancellor that there have been unintended consequences? I would argue that sounds more like an intended consequence.”

“Can you name one unintended consequence?”

“Governor, can you think of what the Chancellor might be referring to in terms of the unintended consequences from the changes that were put in place after the financial crisis?”

“What I am hearing is that that is less the financial regulation reforms and more changes to the pension regulations.”

“They were not particularly things that were focused on post financial crisis; it was the pension funds crisis that changed that.”

“Dame Colette, unintended consequences is what I am after.”

“I am not hearing a very wholehearted agreement with what the Chancellor said in her Mansion House speech, which was that she felt that the reforms to the financial regulation post crisis, which included establishing this committee, have resulted in a system that sought to eliminate risk taking. I am not hearing a lot o…”

“Thank you. We have heard one unintended consequence.”

“People will be aware of my obsession with the advice guidance boundary as well, in terms of the potential unintended consequences that has had. The previous Chancellor had set out a range of reforms in Edinburgh, which were under way at the time of the election. I just wondered if the committee has a view on where we h…”

“We heard about the change in terms of some of the mood music from across the pond on cryptocurrency. There has been a very, very clear steer from recently inaugurated President Trump that they are not going to have a central bank digital currency, but it is still something that the UK is developing a blueprint for. I j…”

“Whose law is that?”

“All this could amplify instability.”

“Recently we have had a lot of volatility in NVIDIA share prices and therefore, through artificial intelligence, we have seen some structural instability. I wondered, both directly through the stock market movements and indirectly through the impact of artificial intelligence generally on the financial markets, whether …”

“I am sure the Chief Secretary knows and admires the plan for growth of Conservative-led Worcestershire county council. It has been working through the plan, and it has built a new train station on the North Cotswold line, which connects Worcestershire to Oxford, but a lot of that line is still single track. Will he urg…”

“You have looked at them in detail and you do keep track of these developments. I wondered if I might just turn to another international issue, because it has been widely reported, Minister, about your new role, the role that you had before being re‑elected and the stance that you took in terms of China. I just w…”

“Have you looked at the Australian draft legislation, the proposals in Australia? Of the ones we have looked at, that probably seems the most sweeping.”