Contributions
3,765 recent contributions in Hansard
HANSARDFuture of Financial ServicesMy hon. Friend is rightly proud of this industry, given her constituency, and she is right that we should not rest on our laurels. We may be world-beating today, but we want to…09 Nov 2020HANSARDFuture of Financial ServicesThe hon. Gentleman is absolutely right about the importance of credit unions in providing credit to those who need it. My hon. Friend the Economic Secretary recently hosted a…09 Nov 2020HANSARDFuture of Financial ServicesThe hon. Lady talked about moving jobs out of London. It is already the case that the majority of financial and professional services jobs—two thirds—are out of London. I…09 Nov 2020HANSARDFuture of Financial ServicesI thank my hon. Friend for his question. He will know from his extensive experience in financial services how important the announcements today are. He makes a very interesting…09 Nov 2020HANSARDFuture of Financial ServicesLast year, we had the infrastructure financing review, which contemplated these specific questions. We will issue a response alongside the national infrastructure strategy, which…09 Nov 2020HANSARDFuture of Financial ServicesI would point the hon. Gentleman to the phase 2 consultation that is currently outstanding of our future regulatory framework review. The key purpose of that review is to ensure…09 Nov 2020HANSARDFuture of Financial ServicesMy hon. Friend has long been a fantastic champion and advocate for this sector, and he is right to be so. I agree with him about the importance of making sure that our listings…09 Nov 2020HANSARDFuture of Financial ServicesWithout commenting on specific projects, I think my hon. Friend is right to highlight some of the areas of interest to the Government. On carbon capture and storage, he will that…09 Nov 2020HANSARDFuture of Financial ServicesThe hon. Lady will know the importance of offshore wind in her area, and she will have welcomed the Prime Minister’s announcements for that sector, including the increase in the…09 Nov 2020HANSARDFuture of Financial ServicesWhat we are announcing today will ensure that the UK remains the most open, competitive, technology-leaning and dynamic place to do financial services anywhere in the world. It is…09 Nov 2020HANSARDFuture of Financial ServicesI thank my hon. Friend for her warm comments. She is right to say that we need that finance to develop new technologies, which have helped to meet our climate ambitions. To give a…09 Nov 2020HANSARDFuture of Financial ServicesMy hon. Friend has focused on that issue for as long as I have been in this House—and rightly so. He will know that we passed the Sanctions and Anti-Money Laundering Act 2018 the…09 Nov 2020HANSARDFuture of Financial ServicesWith permission, Mr Speaker, I will take this opportunity to update the House on our plans for one of the UK’s most productive and innovative sectors: financial services. They…09 Nov 2020HANSARDFuture of Financial ServicesI was hoping that this would be a rather more technical discussion. It was telling that we had all those questions from the hon. Lady but not really, until the last sentence, any…09 Nov 2020HANSARDFuture of Financial ServicesI would urge the hon. Gentleman to wait for the imminent publication of the national infrastructure strategy, which will address that specific concern.09 Nov 2020HANSARDFuture of Financial ServicesWhat the financial services sector needs is a vision for the future that will ensure we remain the most competitive place to do financial services in the world, and the…09 Nov 2020HANSARDFuture of Financial ServicesThe hon. Gentleman is right that this important issue deserves our focus, and I am pleased that in its independent review the year before last, the Financial Action Task Force…09 Nov 2020HANSARDFuture of Financial ServicesMy hon. Friend is absolutely right. As we seek to drive our economic recovery from coronavirus, financial services can play a key part in that. Critical to that is making sure we…09 Nov 2020HANSARDFuture of Financial ServicesMy hon. Friend the Economic Secretary is absolutely abreast of the issue and has been for a while, which is why we have a strategy for protecting access to cash. We announced an…09 Nov 2020HANSARDFuture of Financial ServicesAs my hon. Friend knows well from his own private sector experience, we absolutely need to attract private capital alongside public capital to deliver on all our ambitions. That…09 Nov 2020