Courts will provide ‘good guidance’ for crypto — CFTC commissioner
For centuries an odd tradition lay dormant in our democracy.
A number of nobleman have had the chance to sit in parliament, simply by birthright – 92 seats in the House of Lords are eligible to male heirs in specific families and 88 men have taken these seats and currently sit in the second chamber to vote on legislation.
It is not known exactly when this quirk in our parliamentary system started but Sir Keir Starmer‘s government is trying to end it.
The prime minister has said that the right to sit in the second chamber bestowed at birth is an “indefensible” principle and his government have started the process to end hereditary peers for good.
It will mean that those with hereditary peerages will have to be part of the process that gets them voted out of a job they had previously been entitled to for the rest of their life.
The last of the hereditaries
We meet the Earl of Devon who has one of the oldest hereditary peerages.
He can trace his family title back to the Saxons, but the right to sit in the House of Lords came much later – he says granted in 1142 for supporting the first female sovereign, Empress Matilda.
He is the 38th Earl of Devon since then and the last to sit in the Lords as a hereditary.
Powderham Castle in Devon
The Earl of Devon can trace his family back to the Saxons
His castle in Devon places him in touch with the community he represents – it is one of the main reasons he feels strongly that he adds value to parliament.
He argues he and his peers bring a certain life experience with them that the political appointees do not.
He says there is a greater regional representation within the UK and he has a deeper understanding of the historical constitutional workings of parliament that comes from passing knowledge from generation to generation.
“I certainly feel that the role that the hereditary peers play in the House of Lords is exemplary,” he says.
He greatly defends the idea of service that he and his peers strive for but he also says there is a social purpose and social value to the hereditary principle as the monarch is the epitome of it.
“I don’t think that Keir Starmer is a republican but it does beg the question of once the hereditaries go is the king next,” he says.
Baron Strathclyde is one of the newer heriditaries
By contrast, Lord Strathclyde has one of the newest hereditary peerages.
He has not only participated fully as a member of the Lords but also served in previous Conservative governments in senior roles.
He believes this latest intervention by the government is a purely political move.
“I think the real reason why the government wants to get rid of them is because most of them are not members of the Labour Party,” he says.
“So it’s a smash and grab raid on the constitution. Get rid of your opponents and allow the prime minister to control who entered the House of Lords.
“I can guarantee you that once this bill is through and becomes law, there will be no further reform of the House of Lords no matter what ministers say.”
The Earl of Devon
It is true that over half of hereditary peers are Conservatives and astonishingly few are Labour – there are only four.
But removing the hereditaries doesn’t change the composition of the Lords all that much.
The Lords is 70% men, which would only drop 3% once these peers are removed, and the percentage of Conservative peers overall in the house only drops by 2% if all the hereditaries leave overnight.
Broader Reform
Reform has been talked about since the 1700s when there was an attempt to cap the size of the swollen chamber now at more than 800 members.
But despite successive governments promising reform, the House has only got larger.
Baroness Smith
Hereditary peers have long maintained that once the government passes this first stage of reform they will be less motivated by other opportunities to modernise the second chamber.
In 1999, Blair culled the amount of hereditary peerages (having previously promised to get rid of them all).
While 650 departed, a deal was struck for 92 to remain with replacements when these peers died or retired and filled by a bizarre system of byelections, where the only eligible candidates were hereditary peers.
The current leader of the Lords, Baroness Smith, says the elections are a bizarre, almost shameful part of our democracy and compares them to the Dunny-on-the-Wold in Blackadder where there is only one eligible voter in the entire constituency.
While the government’s aim to abolish these peerages has finally stepped up a gear, it is also true that Labour has watered down promises on broader reform in the Lords.
Pre-election, it had floated the idea of abolishing the second chamber altogether.
In the manifesto the party modified that to instead reducing the scale of the Lords through a retirement age, but that was not in the King’s speech and no timeline for those objectives has been given by the government.
Baroness Smith insists these are still commitments and the government is currently looking at how to implement them, though it does seem to be moving at a much slower pace than this first stage of removing the hereditary peers who, it seems, will hang up their ancient robes for good at the end of this parliamentary session.
The crypto lender made two claims, both of which were dismissed by Judge Dorsey for various reasons, including procedural shortcomings.
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