Contributions
571 recent contributions in Hansard
HANSARDDraft Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations 2025It started so well—I am slightly confused by the hon. Gentleman. On one hand he says it is as though nothing changed, and did we need a general election to get to this point? On…04 Jun 2025HANSARDDraft Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations 2025Sorry; could the hon. Gentleman remind me of the specific question?04 Jun 2025HANSARDDraft Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations 2025I thank the shadow Minister for that question. As he will know, changes were brought into force in January 2024 under the previous Government that ensured that domestic PEPs, as…04 Jun 2025HANSARDNatWest Group: Government ShareholdingThe Government are no longer a shareholder in NatWest Group—NatWest, formerly Royal Bank of Scotland—due to the disposal of the remainder of the Government’s shares through the…03 Jun 2025HANSARDTopical QuestionsOur Government secured the commitment of the banking industry to roll out 350 banking hubs across the country; 200 have already been agreed and over 150 are open. The financial…20 May 2025HANSARDLifetime Mortgages: Support for Older PeopleLifetime mortgages have been regulated by the FCA since 2004. Those rules provide robust consumer protections, including requiring lenders to engage and provide tailored support…20 May 2025HANSARDTopical QuestionsAs I said in my previous answer, we have secured the commitment of the industry to open 350 banking hubs by the end of this Parliament. The FCA keeps the access to cash rules…20 May 2025HANSARDTopical QuestionsAs we announced in the spring statement, we are looking for options for ISA reform to ensure that we get the balance right between cash and equities. I can reassure my hon. Friend…20 May 2025HANSARDLifetime Mortgages: Support for Older PeopleI am really sorry to hear about the circumstances that my hon. Friend’s constituent is facing, and I would be happy to meet her to discuss the issue further. Lifetime mortgages…20 May 2025HANSARDLifetime Mortgages: Support for Older PeopleI thank the hon. Gentleman for raising this important issue. I discuss mortgages with lenders and, indeed, with the Financial Conduct Authority on a weekly basis, and I will…20 May 2025HANSARDTopical QuestionsWe are in weekly touch with the Financial Conduct Authority, which regulates mortgages, and under this Government we have seen four interest rate cuts since the election, which is…20 May 2025HANSARDTopical QuestionsI would be happy to meet my hon. Friend to discuss that issue.20 May 2025HANSARDConsumer Credit RegulationLast year marked the 50th anniversary of the passage of the Consumer Credit Act 1974. The way people interact with their finances and the consumer credit market is dramatically…19 May 2025HANSARDDraft Pension Fund Clearing Obligation Exemption (Amendment) Regulations 2025I beg to move, That the Committee has considered the draft Pension Fund Clearing Obligation Exemption (Amendment) Regulations 2025. It is a pleasure to serve under your…14 May 2025HANSARDDraft Pension Fund Clearing Obligation Exemption (Amendment) Regulations 2025I thank both hon. Members. As I expected, the shadow Minister agrees with the policy of the previous Government. He asked a couple of questions, and I will take them in the wrong…14 May 2025HANSARD Defence Sector FinancingWe have been clear that there is no contradiction between ESG considerations and investment in defence, and that investing in our defence industry is a way to protect our…07 May 2025HANSARD Defence Sector FinancingI have a bit more time then. My hon. Friend the Member for York Outer talked about access to finance for defence companies with regard to bank accounts. That is a commercial…07 May 2025HANSARD Defence Sector FinancingIt is a great pleasure to serve under your chairmanship, Sir Edward. I congratulate my hon. Friend the Member for York Outer (Mr Charters) on securing this debate. I also thank…07 May 2025HANSARD Bank Resolution (Recapitalisation) Bill [Lords]Perhaps my hon. Friend and I could have a discussion outside the Chamber so that I can better understand his question. The mechanism in the Bill is about what happens when the…24 Apr 2025HANSARD Bank Resolution (Recapitalisation) Bill [Lords]I beg to move, That the Bill be now read the Third time. We can hopefully do Third Reading in a more relaxed fashion. As we have discussed through the Bill’s passage, the Bank…24 Apr 2025