Contributions
222 recent contributions in Hansard
HANSARDFinancial Services and Markets Bill [HL]I will write to the noble Baroness to clarify that.24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I am grateful to the noble Lords, Lord Holmes and Lord Vaux, and the noble Baronesses, Lady Kramer and Lady Bowles, for tabling these amendments, and to the noble Lords…24 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I will take the opportunity to write because this definitely needs clarification. The note that I have says that in cases where the omission being complained about is governed by…22 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I begin by considering Amendments 17A and 44. The Government’s reforms to the FOS are aimed at ensuring that the legislative framework in which it operates supports it…22 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I was coming on to that point. The noble Lord asked what the power can do and how that scrutiny can take place. It allows the Government to introduce targeted secondary…22 Jun 2026HANSARDFinancial Services and Markets Bill [HL]No, that is not what I am concluding.22 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I apologise for taking a moment to ask my officials a question; I want to make sure that I give the right answer. Where the FOS has complied with the FCA rules, it still has the…22 Jun 2026HANSARDFinancial Services and Markets Bill [HL]Certainly. We are trying to align the FOS’s “fair and reasonable” test with the FCA rules, but it retains some discretion. I apologise for taking another moment to consult my…22 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I am grateful to the noble Baroness, Lady Kramer, and to noble Lords for tabling these amendments and to all noble Lords who have contributed to this important debate.…22 Jun 2026HANSARDFinancial Services and Markets Bill [HL]I thank noble Lords for the opportunity to set out the Government’s position on this important set of issues and for the constructive nature of the debate so far. Before we start,…22 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I thank noble Lords for the opportunity to set out the Government’s position on this important set of issues. I start by addressing why Clause 1 and Schedule 1 should…22 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, I will begin by setting out why Clause 3 should stand part of the Bill. The way that UK citizens bank has changed significantly in recent years, with many customers…22 Jun 2026HANSARDFinancial Services and Markets Bill [HL]With all these examples, I will have to come back in some detail at a later stage. The idea of narrowing the powers means that we can take into consideration the conversation and…22 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, Amendments 28, 29 and 30 are aimed at increasing access to finance and ensuring that the customers of financial services firms are protected. I recognise the intention…22 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, as we have heard today, the Financial Ombudsman Service—the FOS—plays a vital role in providing quick, informal and impartial dispute resolution between customers and…22 Jun 2026HANSARDRoyal MailI will have to refer this back to the Ofcom regulators. I had not prepared for a question on letterboxes, unfortunately, but I will write to the noble Lord giving him an update.08 Jun 2026HANSARDRoyal MailI appreciate the comment on my hard work—it is now noted. I cannot agree with the noble Lord on that particular point. It is unfair to think about an individual tax application on…08 Jun 2026HANSARDFinancial Services and Markets Bill [HL]My Lords, the financial services sector is one of the UK’s greatest economic success stories: we are the world’s largest net exporter of financial services, and it makes up around…08 Jun 2026HANSARDFinancial Services and Markets Bill [HL]That the Bill be now read a second time. Northern Ireland and Scottish legislative consent sought .08 Jun 2026HANSARDRoyal MailMy Lords, Ofcom sets and monitors the Royal Mail’s quality of service targets and publishes annual performance data. Following its privatisation in 2013, Royal Mail fully met its…08 Jun 2026