House of Lords reform and Barclays discussed at press briefing.
House of Lords reform
Asked if the honour of a life peerage would still exist after 2015 once 80% of the members of the House of Lords were elected, the Prime Minister’s Spokesman (PMS) said that the proposals in the House of Lords Reform Bill were about creating a majority elected second chamber rather than changing the honours system.
Asked if there would still be a three line whip on the bill, the PMS said that this was a government bill and would be whipped accordingly.
Asked if the Prime Minister (PM) was concerned that the latest developments would further undermine trust in the banks, the PMS said that this was a regulatory matter and it wouldn’t be appropriate to comment on individual cases.