Contributions
1,280 recent contributions in Hansard
HANSARDFinancial Services and Markets BillThank you, Mr Deputy Speaker; you are as wise as my right hon. Friend the Member for North West Hampshire is flattering. We will make some progress and allow others to contribute.…07 Dec 2022HANSARDFinancial Services and Markets BillMy hon. Friend makes a very fair point. To be clear, the purpose of good financial regulation cannot be to extinguish risk, but is to give people choice and indeed allow them to…07 Dec 2022HANSARDFinancial Services and Markets BillI thank the hon. Member for his point. I had that conversation with the FCA precisely to try to achieve that purpose. If there are other ways to do that that will help him, I am…07 Dec 2022HANSARDFinancial Services and Markets BillI am happy to confirm that we will pursue it with great urgency, as the Government should be doing with everything in this important domain. Although the Government will not be…07 Dec 2022HANSARDFinancial Services and Markets BillAbsolutely; it is a strategy that pays back on many levels. It is biased towards left-behind communities and parts of the United Kingdom, it creates jobs and prosperity, it…07 Dec 2022HANSARDFinancial Services and Markets BillI beg to differ with the hon. Lady, because it is important to finance the transition to achieve a just green financial future. While we are making all these efforts and coming…07 Dec 2022HANSARDFinancial Services and Markets BillOn this side of the House, we are about action not words. I listened with great care to what the hon. Lady said, but action starts at home. In her constituency, the Green party…07 Dec 2022HANSARDFinancial Services and Markets BillWould the hon. Lady be able to identify any Member of this House who has talked about the merits of sweeping away regulation? That is not the position of the Government.07 Dec 2022HANSARDFinancial Services and Markets BillI again thank my hon. Friend, who did so much work on this Bill. It is absolutely right that the Government keep an open mind to new technologies, and my hon. Friend the Member…07 Dec 2022HANSARDFinancial Services and Markets BillMy hon. Friend makes another important point, and I fear we are in danger of previewing the debate that we shall have this afternoon. When we talk about access to cash, we are not…07 Dec 2022HANSARDFinancial Services and Markets BillMy hon. Friend is absolutely right that that is a critical priority. We heard the figures—no one disputes them—about the growing prevalence of fraud, much of which is displacement…07 Dec 2022HANSARDFinancial Services and Markets BillFraud is of course a shared responsibility between the Treasury and my hon. Friends in the Home Office, and when it comes to the report that the hon. Member for Hampstead and…07 Dec 2022HANSARDFinancial Services and Markets BillI was just about to mention my right hon. Friend.07 Dec 2022HANSARDFinancial Services and Markets BillWe have spent a long time on cash, so I will take one final intervention on this. Then I will make progress, simply to allow other Members the chance to make the points that they…07 Dec 2022HANSARDFinancial Services and Markets BillMy right hon. Friend is just one of many colleagues—many in the Chamber today, but also my hon. Friends the Members for Newton Abbot (Anne Marie Morris) and for Don Valley (Nick…07 Dec 2022HANSARDFinancial Services and Markets BillI thank Members from all parts of the House who have spoken today for their valued and often very informative and sometimes passionate contributions. I sense a tone of…07 Dec 2022HANSARDFinancial Services and Markets BillThe bank hub initiative, just like the new voluntary initiative on LINK cash machines, has an important role to play. Frankly, these initiatives have started relatively recently,…07 Dec 2022HANSARDFinancial Services and Markets BillI agree with the hon. Lady’s point that it becomes a pressing issue. The justification, having successfully transacted in cash since the first Roman emperor decided to dispense…07 Dec 2022HANSARDFinancial Services and Markets BillMy right hon. Friend is right and illustrates well the Government’s desire to achieve the right balance in this debate, rather than operate at either extremity. He will know from…07 Dec 2022HANSARDFinancial Services and Markets BillWe talked about my right hon. Friend’s relative munificence of 53 free cash machines in his constituency—I think it was that at the last count. What he says is the case. The Bill…07 Dec 2022