Contributions
1,086 recent contributions in Hansard
HANSARDFinancial Services Bill (Tenth sitting)My hon. Friend knows that I completely agree with her. She also knows that she is tempting me to discuss other amendments that I have tabled about that fair fight, and I do not…01 Dec 2020HANSARDFinancial Services Bill (Tenth sitting)My right hon. Friend is right, and that was one of the points I was going to make. If we are dealing with a new group of people who have never been in financial difficulty before,…01 Dec 2020HANSARDFinancial Services Bill (Tenth sitting)I will speak to new clauses 12 and 19. New clause 12 appears in the name of my friend, the hon. Member for Edinburgh West, but I recognise that she and I share a similar concern…01 Dec 2020HANSARDFinancial Services Bill (Tenth sitting)Apologies; I just want to clarify. Some 80 debt advisers have written to the Committee to support the measure on precisely the grounds that I have set out. Is the Minister saying…01 Dec 2020HANSARDFinancial Services Bill (Tenth sitting)I beg to ask leave to withdraw the amendment. Amendment, by leave, withdrawn. Question proposed, That the clause stand part of the Bill.01 Dec 2020HANSARDFinancial Services Bill (Tenth sitting)I thank the Minister for his response. I am sorry to hear that he did not see the document, which I know was sent to his office yesterday by the debt advice workers, because I…01 Dec 2020HANSARDFinancial Services Bill (Tenth sitting)My right hon. Friend raises a real concern. If we have a large influx of people needing to speak to a debt adviser, and there are no appointments, will they get access to help?…01 Dec 2020HANSARDFinancial Services Bill (Eighth sitting)While we are considering the variations for companies based in Gibraltar as opposed to the UK, it would be helpful if the Minister answered the question that the insurance bodies…26 Nov 2020HANSARDFinancial Services Bill (Eighth sitting)My right hon. Friend is making a powerful and important case about the importance of ensuring that we do not inadvertently support money laundering or standards that could enable…26 Nov 2020HANSARDFinancial Services Bill (Seventh sitting)The Minister has set out the criminal sanction. I am interested in whether there is support and resourcing expertise in relation to the criminal element, as opposed to the…26 Nov 2020HANSARDFinancial Services Bill (Seventh sitting)It is wonderful to serve under your chairmanship, as ever, Mr Davies. The Minister is explaining that there is a process for enforcement. We all know that this issue is very…26 Nov 2020HANSARDFinancial Services Bill (Eighth sitting)The shadow Minister is making a powerful case, and I suspect he is about to move on to this point. In layman’s terms, the Government are asking financial companies, which…26 Nov 2020HANSARDFinancial Services Bill (Eighth sitting)The Minister was just talking about the Financial Ombudsman Service being extended. One of the things that we might be concerned about is that our constituents might experience…26 Nov 2020HANSARDFinancial Services Bill (Eighth sitting)My hon. Friend is giving the speech that I wanted to give, so I thought I would intervene. One example, to express some of the concerns we might have, is the fact that in the…26 Nov 2020HANSARDFinancial Services Bill (Sixth sitting)I am sure the Minister will have some delightful conversations about the regulatory framework that will keep many people wide awake for hours to come, but the two are not mutually…24 Nov 2020HANSARDFinancial Services Bill (Fifth sitting)Apologies; I did not realise the Minister was going to move on. He has made an incredibly powerful case for the importance of including such a commitment, and he has essentially…24 Nov 2020HANSARDFinancial Services Bill (Fifth sitting)The shadow Minister is making a powerful speech. I take the point made by the Government side, but I always wonder: what about the counterfactual? What problem will there be if we…24 Nov 2020HANSARDFinancial Services Bill (Sixth sitting)We are talking in quite abstract terms, but it is worth remembering that when Fannie Mae and Freddie Mac fell apart in America, consumers were the first to feel the repercussions…24 Nov 2020HANSARDFinancial Services Bill (Sixth sitting)As this is my first speech, let me say how fantastic it is to serve under your chairmanship, Dr Huq—none of us ever says anything other. I rise partly to presage what I am sure…24 Nov 2020HANSARDFinancial Services Bill (Fifth sitting)Is it not also important to recognise that some of the strongest drivers for reaching some of those emissions targets will come from the financial sector itself? For example, the…24 Nov 2020