DOCSLIB.ORG

House of Lords Official Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
House of Lords Official Report Vol. 808 Tuesday No. 154 1 December 2020 PARLIAMENTARYDEBATES (HANSARD) HOUSE OF LORDS OFFICIAL REPORT ORDEROFBUSINESS Retirements of Members....................................................................................................611 Questions HIV: Ending Transmissions............................................................................................611 HIV: Pre-exposure Prophylaxis.......................................................................................614 Covid-19: Domestic Abuse of Older People...................................................................617 Universal Credit .............................................................................................................620 Nutrition (Amendment etc.) (EU Exit) Regulations 2020..................................................623 Coronavirus Act 2020 (Expiry of Mental Health Provisions) (England and Wales) Regulations 2020 Motions to Approve.........................................................................................................623 European Union (Withdrawal) Act 2018 (Relevant Court) (Retained EU Case Law) Regulations 2020 Motion to Approve ..........................................................................................................623 Scheduled Mass Deportation: Jamaica Commons Urgent Question..............................................................................................623 Covert Human Intelligence Sources (Criminal Conduct) Bill Committee (2nd Day).....................................................................................................627 Health Protection (Coronavirus, Restrictions) (All Tiers) (England) Regulations 2020 Motion to Approve ..........................................................................................................677 Health Protection (Coronavirus, Restrictions) (Local Authority Enforcement Powers and Amendment) (England) Regulations 2020 Motion to Approve ..........................................................................................................724 Grand Committee Protocol on Ireland/Northern Ireland (Democratic Consent Process) (EU Exit) Regulations 2020 Considered in Grand Committee ...............................................................................GC 135 Food and Feed Hygiene and Safety (Miscellaneous Amendments etc.) (EU Exit) Regulations 2020 Considered in Grand Committee ...............................................................................GC 149 Ecodesign for Energy-Related Products and Energy Information (Amendment) (EU Exit) Regulations 2020 Considered in Grand Committee ..............................................................................GC 155 Lords wishing to be supplied with these Daily Reports should give notice to this effect to the Printed Paper Office. No proofs of Daily Reports are provided. Corrections for the bound volume which Lords wish to suggest to the report of their speeches should be clearly indicated in a copy of the Daily Report, which, with the column numbers concerned shown on the front cover, should be sent to the Editor of Debates, House of Lords, within 14 days of the date of the Daily Report. This issue of the Official Report is also available on the Internet at https://hansard.parliament.uk/lords/2020-12-01 In Hybrid sittings, [V] after a Member’s name indicates that they contributed by video call. The following abbreviations are used to show a Member’s party affiliation: Abbreviation Party/Group CB Cross Bench Con Conservative DUP Democratic Unionist Party GP Green Party Ind Lab Independent Labour Ind LD Independent Liberal Democrat Ind SD Independent Social Democrat Ind UU Independent Ulster Unionist Lab Labour Lab Co-op Labour and Co-operative Party LD Liberal Democrat LD Ind Liberal Democrat Independent Non-afl Non-affiliated PC Plaid Cymru UKIP UK Independence Party UUP Ulster Unionist Party No party affiliation is given for Members serving the House in a formal capacity, the Lords spiritual, Members on leave of absence or Members who are otherwise disqualified from sitting in the House. © Parliamentary Copyright House of Lords 2020, this publication may be reproduced under the terms of the Open Parliament licence, which is published at www.parliament.uk/site-information/copyright/. 611 Retirements of Members [1 DECEMBER 2020] HIV: Ending Transmissions 612 House of Lords ethnic communities, can know their status, and we can get sooner to the point where they can get treatment Tuesday 1 December 2020 and stop transmission? The House met in a hybrid proceeding. Lord Bethell (Con): The noble Baroness refers to Noon one of the most interesting of the recommendations Prayers—read by the Lord Bishop of Carlisle. of the commission’s report. I took a briefing from the commission yesterday; members made that point very Retirements of Members clearly, and their arguments were extremely persuasive. Announcement We have learned a lot during the Covid pandemic about opt-out testing; I completely understand the 12.08 pm value of it, and I will take that recommendation to the The Lord Speaker (Lord Fowler): My Lords, I should department to look at it very closely. like to notify the House of the retirements,with effect from today, of the noble and gallant Lord, Lord Guthrie of Lord Herbert of South Downs (Con): My Lords, I Craigiebank, and of the noble Lord, Lord Haskins, pay tribute to the long-standing work of the Lord Speaker pursuant to Section 1 of the House of Lords Reform on HIV and AIDS. I have campaigned beside him in Act 2014. On behalf of the House, I should like to South Africa and have seen the passion with which he thank both of them for their much-valued service to devoted himself to this role over many years. the House. Does my noble friend the Minister agree that the HIV Commission’s recommendation for a plan that the Arrangement of Business Government should commit themselves to is a wise Announcement one which they should adopt? After all, it is D minus 10 now—10 years before AIDS should be beaten, according 12.09 pm to the SDG. We have the tools, now we need to The Lord Speaker (Lord Fowler): My Lords, the implement them. Hybrid Sitting of the House will now begin. Some Members are here in the Chamber,others are participating Lord Bethell (Con): I reiterate the tribute of my remotely, but all Members will be treated equally. Oral noble friend to the Lord Speaker. Over three decades, Questions will now commence. Can those asking he has campaigned tirelessly on these issues, and was supplementary questions keep them short and confined instrumental as Secretary of State for Health and to two points? I ask that Ministers’ answers are also Social Security in launching the ground-breaking “Don’t brief. Die of Ignorance” campaign, which made an indelible mark—its impact is remembered today. The tenacity HIV: Ending Transmissions that he has shown in making evidence-based decisions Question in the fight against HIV is a model for us today. 12.09 pm My noble friend makes a very valid point on the Asked by Baroness Barker need for a plan. We will issue a sexual health and an AIDS plan in short order; they have been delayed by To ask Her Majesty’s Government what progress Covid. He reminds us that it is D minus 10, a goal that they have made towards ending HIV transmissions we take extremely seriously. by 2030. TheParliamentaryUnder-Secretaryof State,Department Baroness Clark of Kilwinning (Lab): We know that of Health and Social Care (Lord Bethell) (Con): My stigma, even fear, can often prevent people going for Lords, the Government remain fully committed to tests. What does the Minister think we can do to achieving zero new HIV transmissions in England by improve the uptake of testing, particularly from those 2030. This is why we endorsed the HIV Commission, who are at the highest risk of contracting HIV? What which was established by the Terrence Higgins Trust, does he think we can do to improve the training of the National AIDS Trust and the Elton John AIDS those who provide testing to make sure that in future Foundation, and we welcome its report, published people are more likely to take tests? today. I reassure noble Lords that we will consider all the recommendations carefully, including an interim Lord Bethell (Con): My Lords, we have made great milestone of an 80% reduction in new HIV transmissions progress in the area of tests, hitting the UNAIDS by 2025, and how we can expand testing. We will use 90-90-90 target for the third consecutive year, with the insights of the report to shape our upcoming 94% of those living with HIV diagnosed, 98% of those sexual and reproductive health strategy and HIV plan. diagnosed getting treatment and 97% of those undergoing treatment having an undetectable viral load. The noble Baroness Barker (LD): I thank the Minister for that Baroness is entirely right: one of the greatest challenges reply. I am very proud to a member of the party which, is those who are not tested because they do not know before anybody else, advocated that there be services that they should be tested. Part of that is stigma and for people with HIV and AIDS, and we will be there part of it is encouraging people to step up to get until this report is fully implemented and the fight tested. That is the focus of the recommendations in against AIDS is won. Will the Government move to the HIV Commission’s report, which we take very introduce a system of opt-out testing so that all people, seriously. It has clear recommendations on marketing,
Load more

Recommended publications
  • Labour and the Struggle for Socialism
    Labour and the Struggle for Socialism An ON THE BRINK Publication WIN Publications Summer 2020 On the Brink Editor: Roger Silverman, [email protected] Published by Workers International Network (WIN), contact: [email protected] Front cover photo: Phil Maxwell Labour and the Struggle for Socialism By Roger Silverman From THE RED FLAG (still the Labour Party’s official anthem) The people’s flag is deepest red, It shrouded oft our martyred dead, And ere their limbs grew stiff and cold, Their hearts’ blood dyed its every fold. CHORUS: Then raise the scarlet standard high. Beneath its shade we’ll live and die, Though cowards flinch and traitors sneer, We’ll keep the red flag flying here. With heads uncovered swear we all To bear it onward till we fall. Come dungeons dark or gallows grim, This song shall be our parting hymn. A Turning Point The recently leaked report of the antics of a clique of unaccountable bureaucrats ensconced in Labour headquarters has sent shock waves throughout the movement. Shock – but little surprise, because these creatures had always been in effect “hiding in plain sight”: ostensibly running the party machine, but actually hardly bothering to conceal their sabotage. All that was new was the revelation of the depths of their venom; their treachery; their racist bigotry; the vulgarity with which they bragged about their disloyalty; their contempt for the aspirations of the hundreds of thousands who had surged into the party behind its most popular leader ever, Jeremy Corbyn. They had betrayed the party that employed them and wilfully sabotaged the election prospects of a Labour government.
    [Show full text]
  • Agenda Document for Gwent Police and Crime Panel, 29/01/2021 10:00
    Public Document Pack Penallta House Tŷ Penallta Tredomen Park Parc Tredomen Ystrad Mynach Ystrad Mynach Hengoed Hengoed CF82 7PG CF82 7PG For all enquiries relating to this agenda please contact Charlotte Evans (Tel: 01443 864210 Email: [email protected]) Date: 22nd January 2021 Dear Sir/Madam, A digital meeting of the Gwent Police and Crime Panel will be held via Microsoft Teams on Friday, 29th January, 2021 at 10.00 am to consider the matters contained in the following agenda. The meeting of the Gwent Police and Crime Panel will be held remotely and a video recording will be made available as soon as is practicable after the meeting. If any member of the press or public wish to attend the meeting live, please contact us via the above contact details, in order to make the necessary arrangements for you to be invited as a guest observer via telephone conference . A G E N D A Pages 1 Declarations of Interest. 2 Apologies for Absence. To approve and sign the following minutes: - 3 Gwent Police and Crime Panel held on 11th December 2020. 1 - 8 4 To Receive and Answer any Questions to the Police and Crime Commissioner for 9 - 10 Gwent. 5 PCC Verbal Update of the Impact of Covid-19 Regulations and Re-introduction of Lockdown. 6 Police and Crime Commissioner for Gwent's Budget Requirement and Council Tax 11 - 102 Precept Proposal 2021/22. 7 Police and Crime Commissioner for Gwent Performance Monitoring Report Quarter 103 - 130 2 2020/21. 8 Forward Work Programme. 131 - 132 MEMBERSHIP: Councillor Clive Meredith, Blaenau Gwent County
    [Show full text]
  • The Winter Floods of 2015/2016 in the UK - a Review
    National Hydrological Monitoring Programme The winter floods of 2015/2016 in the UK - a review by Terry Marsh, Celia Kirby, Katie Muchan, Lucy Barker, Ed Henderson & Jamie Hannaford National Hydrological Monitoring Programme The winter floods of 2015/2016 in the UK - a review by Terry Marsh, Celia Kirby, Katie Muchan, Lucy Barker, Ed Henderson & Jamie Hannaford CENTRE FOR ECOLOGY & HYDROLOGY l [email protected] l www.ceh.ac.uk [i] This report should be cited as Marsh, T.J.1, Kirby, C.2, Muchan, K.1, Barker, L.1, Henderson, E.2 and Hannaford, J.1 2016. The winter floods of 2015/2016 in the UK - a review. Centre for Ecology & Hydrology, Wallingford, UK. 37 pages. Affiliations: 1Centre for Ecology & Hydrology; 2British Hydrological Society. ISBN: 978-1-906698-61-4 Publication address Centre for Ecology & Hydrology Maclean Building Benson Lane Crowmarsh Gifford Wallingford Oxfordshire OX10 8BB UK General and business enquiries: +44 (0)1491 838800 E-mail: [email protected] [ii] The winter floods of 2015/2016 in the UK - a review THE WINTER FLOODS OF 2015/2016 IN THE UK – A REVIEW This report was produced by the Centre for Ecology & Hydrology (CEH), the UK’s centre for excellence for research in land and freshwater environmental sciences, in collaboration with the British Hydrological Society (BHS) which promotes all aspects of the inter-disciplinary subject of hydrology – the scientific study and practical applications of the movement, distribution and quality of freshwater in the environment. Funding support was provided by the Natural Environment Research Council. CEH and BHS are extremely grateful to the many individuals and organisations that provided data and background information for this publication.
    [Show full text]
  • Il Vino Nella Storia Di Venezia Vigneti E Cantine Nelle Terre Dei Dogi Tra XIII E XXI Secolo Il Vino Nella Storia Di Venezia
    Il vino nella storia di Venezia Vigneti e cantine nelle terre dei dogi tra XIII e XXI secolo Il vino nella storia di Venezia Biblos Biblos Venice and Viticulture Vines and Wines: the legacy of the Venetian Republic Venice and Viticulture Vines and Wines: the legacy of the Venetian Republic edited by Carlo Favero Using wine as one’s theme in recounting the long and complex history of Venice offers the reader an original insight into the past of the city and the territories it once ruled, a new way of looking at the monuments of a glorious past whose traces are still to be found in churches, art collections, libraries, public squares … and in gardens and vineyards. This is a book to read and a reference work for future consultation; a book that recounts not only history but also developments in technology and customs. The story told here covers the city’s links with the wine from its mainland and overseas possessions but also the wine produced within the lagoon itself. This is a relationship that dates back centuries, with the city’s magazeni and bacari serving at different points in history to satisfy the public taste for the different types of Malvasia and Raboso. And as the wine trade flourished, the Venetians showed all their entrepreneurial flair in serving markets throughout the known world. Indeed, it was in attempting to find even more distant markets for the Malvasia from Crete the Venetian nobleman Pietro Querini would end up shipwrecked on the Lofoten islands close to the Arctic circle, ironically discovering a new product himself: the stock fish (baccalà) that would then become very popular in Venice and the Venetian Republic.
    [Show full text]
  • Climate Change Impacts and Adaptation for International Transport Networks
    ECONOMIC COMMISSION FOR EUROPE ECONOMIC COMMISSION FOR EUROPE Climate Change Impacts and Adaptation for International Transport Networks Expert Group Report UNITED NATIONS New York and Geneva, 2013 I Climate Change Impacts and Adaptation for International Transport Networks Note Symbols of United Nations documents are composed of capital letters combined with figures. Mention of such a symbol indicates a reference to a United Nations document. The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal aspects, status of any country, territory, city or area, or of its authorities, nor do they concern the delimitation of their frontiers or boundaries. The maps and country reports are only for information purposes. Related data was sent by the countries concerned and the respective content is their complete responsibility. In the few cases that countries did not provide data, the secretariat provided data from available sources. The UN Group of Experts on Geographical Names (UNGEGN) under the Department of Economic and Social Affairs (DESA) in the United Nations Secretariat (http://unstats.un.org/unsd/geoinfo/UNGEGN/default.html) deals with names on the basis of Member State driven initiatives. Acknowledgements: The report was prepared by Prof. A.F. Velegrakis, University of the Aegean, Greece, who would like to express his thanks to all members of the UNECE Group of Experts on Climate Change Impacts and Adaptation for International Transport Networks for their invaluable inputs in the cause of drafting this report, and to all those who participated in the Questionnaire Survey that formed a part of this research.
    [Show full text]
  • Financial Strategy 2021/22 to 2025/26
    Cabinet, 14th December 2020: Financial Strategy 2020/21 – 2021/22 Committee and Date Item Cabinet 14th December 2020 FINANCIAL STRATEGY 2020/21 – 2021/22 Responsible Officer James Walton Email: [email protected] Tel: (01743) 258915 1. Summary 1.1. On 6 July 2020 Cabinet approved a revised Financial Strategy reflecting the need to revise the existing strategy approved by Council on 27 February 2020 in response to the subsequent impact of Covid-19 on the UK. 1.2. The Country entered lockdown from 23 March 2020 and Council Services were closed, delivered remotely or moved into emergency provision. Over two and a half thousand Council staff were required to work from home and/or make themselves available for redeployment. Business continuity measures were immediately put into place across the Council. Emergency spend was sanctioned, protocols to support suppliers, contractors and local businesses were implemented and a Council Tax deferral scheme was hurriedly introduced for the months of April and May. Lockdown was relaxed over the summer months followed by a further lockdown from 5 November to 2 December 2020. It is unlikely that the impact of Covid-19 will be eradicated before the end of March 2021, meaning that the entire 2020/21 Financial Year will have been completed under unique circumstances with little clarity, certainly in relation to service delivery, on what was a result of circumstance as they existed at the time, what will ultimately ‘revert back’ in the future and what was a signal of lasting change. 1.3. For the Council, the longer-term implications for Council Tax collection and other vital income sources for the Council such as Business Rates, On-Street Parking and Cultural Services is unknown.
    [Show full text]
  • Florida Hazardous Weather Day-By-Day
    FLORIDA HAZARDOUS WEATHER DAY-BY-DAY Bartlett C. Hagemeyer JoAnn S. Carney National Weather Service Office Melbourne. Florida November 1995 National Weather Service Southern Region Headquarters Fort Worth, Texas FLORIDA HAZARDOUS WEATHER BY DAY (to 1994) Bartlett C. Hagemeyer JoAnn S. Carney National Weather Service Office Melbourne, Florida 32935 1. Introduction An extensive search of weather records and publications was undertaken to document the occurrence of hazardous weather elements in Florida. The hazardous weather events were then organized with the goal of having at least one event for every day of the year - in other words - a Florida hazardous weather calendar. The authors felt this was a method for a variety of users to better understand, and put into perspective, all the hazardous weather elements Florida is subject to. Initially, brief descriptions of every event that caused a weather-related fatality were included, and any other hazardous weather events that caused significant injuries or property damage, or that was of an unusual nature. Most days of the year were covered in this fashion. To have an event for each day, events that did not cause injury or serious property damage were included on some days. Many days had several major events and several days had only one minor event. In the interest of brevity not all non-fatal events could be included on days with multiple occurrences. There are literally hundreds of minor events that are not included in this document. The authors attempted to include the most significant events. This document concerns short-term hazardous weather events ranging in time from several minutes to several days.
    [Show full text]
  • The Great Opportunity? March 2021 the Greatgreat Opportunityopportunity? Report | March Narrative 2021 3
    1 The great opportunity? March 2021 The Greatgreat Opportunityopportunity? report | March narrative 2021 3 Contents Executive summary ............................................................................................................. 1 Approach ............................................................................................................................. 3 Economic and social context .............................................................................................. 5 What is the great opportunity? ............................................................................................ 7 The research findings | summary perspectives .................................................................. 9 The research findings | detail and implications ................................................................... 13 In conclusion ....................................................................................................................... 33 Additional methodology notes ............................................................................................. 35 The great opportunity? | March 2021 1 Executive summary Ismail Amla - Chief Growth Officer Disruption is by its very nature unanticipated In summary those we surveyed held an unsurprisingly and dramatic – forcing us to innovate, to try new negative view of 2020. There was acknowledgement approaches. Historically events like major wars, that this has been a period of immense change, faster significant economic depressions or a
    [Show full text]
  • Adapting to Climate Change in Europe and Central Asia
    Adapting to Climate Change in Europe and Central Asia June 1 2009 THE WORLD BANK i ACRONYMS ECA: Europe and Central Asia CI: Conservation International GCM: General circulation model GHG: Greenhouse gas GIS: Geographic information systems IPCC: Intergovernmental Panel on Climate Change IWRM: Integrated water resource management KRU: Kazakhstan, Russia, Ukraine Ktoe: Kiloton oil equivalent RCM: Regional climate model SWIFT: Structured What If Technique WMO: World Meteorological Organization WWF: World Wildlife Fund This report is a product of the staff of the International Bank for Reconstruction and Development / The World Bank. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. ii TABLE OF CONTENTS ACRONYMS ..........................................................................................................................................ii TABLE OF CONTENTS ............................................................................................................................iii FIGURES ..............................................................................................................................................v
    [Show full text]
  • C Lim Ates of H Unger Reid A. Bryson and Thomas J. Murray
    Climate is changing. Parts of our world have been cooling. Rain belts and food-growing areas have shifted. People are starving. And we have been too BRYSON slow to realize what is happening and why. & In recent years, world climate changes have drawn MURRAY more attention than at any other time in history. What we once called “crazy weather,” just a few years ago, is now beginning to be seen as part of a logical and, in part, predictable pattern, an awesome natural force that we must deal with if man is to avoid disaster of unprecedented proportions. Along with drought in some places and floods in others, both caused by changing wind patterns, aver­ age temperatures of the Northern Hemisphere have been falling. The old-fashioned winters our grand­ fathers spoke of might be returning. In England, the Climates of growing season has already been cut by as much as two weeks. The selection of food crop varieties in both North America and Europe is in for sharp reap­ -* Reid A. Bryson praisal, in view of the shrinking frost-free agricultural season and other climatic changes. Climate has always had profound effects upon and human history, helping both to build and to destroy great civilizations. Until now, we have not had the knowledge to react intelligently to the signs of shift­ Thomas J. Murray ing climate. Today, even though we remain essentially powerless to affect climate purposefully, we are ready to recognize the signs of change and we are somewhat better able to predict the effects of those changes.
    [Show full text]
  • NOAA TECHNICAL MEMORANDUM NWSWR-65 CLIMATE of SACRAMENTO, CALIFORNIA Laura Masters-Bevan National Weather Service Office Sacrame
    NOAA TECHNICAL MEMORANDUM NWSWR-65 CLIMATE OF SACRAMENTO, CALIFORNIA Laura Masters-Bevan National Weather Service Office Sacramento, California November 1998 Sixth Revision U.S. DEPARTMENT National Oceanic and National Weather OF COMMERCE Atmospheric Administration Service __ / (' ·~----- 75 A Study of the Low Level Jet Stream of the San Joaquin Valley. Ronald A. Willis and Philip Williams, Jr., May 1972. (COM 72 10707) 76 Monthly Climatological Charts of the Behavior of Fog and Low Stratus at Los Angeles International Airport. Donald M. Gales, July 1972. (COM 72 11140) 77 A Study of Radar Echo Distribution in Arizona During July and August. John E. Hales, Jr., July 1972. (COM 7211136) 78 Forecasting Precipitation at Bakersfield, California, Using Pressure Gradient Vectors. Earl T. NOAA TECHNICAL MEMORANDA Riddiough, July 1972. (COM 7211146) National Weather Service, Western Region Subseries 79 Climate of Stockton, California. Robert C. Nelson, July 1972. (COM 72 10920) 80 Estimation of Number of Days Above or Below Selected Temperatures. Clarence M. Sakamoto, The National Weather Service (NWS) Western Region (WR) Subseries provides October 1972. (COM 7210021) an informal medium for the documentation and quick dissemination of results not appropriate, or not yet 81 An Aid for Forecasting Summer Maximum Temperatures at Seatlle, Washington. Edgar G. ( ready, for formal publication. The series is used to report on work in progress, to describe technical Johnson, November 1972. (COM 7310150) procedures and practices, or to relate progress to a limited audience. These Technical Memoranda will 82 Flash Flood Forecasting and Waming Program in the Western Region. Philip Williams, Jr., Chester report on investigations devoted primarily to regional and local problems of interest mainly to personnel, L.
    [Show full text]
  • Are You Prepared for Negative Interest Rates? the Role of Gilts in Portfolios Could Be Impacted
    Are you prepared for negative interest rates? The role of gilts in portfolios could be impacted. Tomasz Wieladek Key insights International Implied policy rates show that the markets do not expect the Bank of England to adopt Economist negative rates as a policy tool. We believe the markets are wrong, however, and that UK investors need to prepare for negative interest rates. Michael Walsh, The Bank of England is already consulting with financial institutions about practical, legal CFA FIA and operational implementation. Solutions Strategist EMEA Negative interest rates are likely coming to the UK, but you would not know that judging from the markets. Although rates are widely expected to fall, implied policy rates show that the markets do not expect the Bank of England (BoE) to adopt negative rates as a policy tool over the next few years. We believe the markets are wrong, however, and that UK investors need to Niklas Jeschke prepare for the prospect of negative interest rates. Solutions Strategist EMEA For Investment Professionals only. Not for further distribution. December 2020 T. ROWE PRICE Are you prepared for negative interest rates? Why negative rates are on the horizon Four key reasons Largest fall in Limited Fiscal response Capacity for economic growth prospect of limited by manoeuvre on for 300 years further QE postcrisis budget mortgage rates deficit repair constrained The coronavirus has hit the UK economy hard: Once the effects of distortions started to appear in the market. The scope for further QE, the second lockdown are factored in, economic growth is on course therefore, appears to be limited.
    [Show full text]