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My hon. Friend is right. Let me say to him, as someone who shares his concern about the increase in exposure to violent content to very young children, that we are also looking at the issue of chatbots and strengthening the law to ensure that we protect children better from...
My hon. Friend is right. Let me say to him, as someone who shares his concern about the increase in exposure to violent content to very young children, that we are also looking at the issue of chatbots and strengthening the law to ensure that we protect children better from...
I welcome these actions on child online safety, and the Minister’s comment that there is a role for the Government in shaping technology and not being neutral on online harm. She may have seen, in the last 24 hours, some very disturbing posts on Meta and X in which the...
I welcome these actions on child online safety, and the Minister’s comment that there is a role for the Government in shaping technology and not being neutral on online harm. She may have seen, in the last 24 hours, some very disturbing posts on Meta and X in which the...
I have had an initial discussion about this with some of the tech companies. As the hon. Lady will know, as well as the horrific incidents that she mentioned, there has been a campaign by the Union of Shop, Distributive and Allied Workers relating to the way in which shop...
I have had an initial discussion about this with some of the tech companies. As the hon. Lady will know, as well as the horrific incidents that she mentioned, there has been a campaign by the Union of Shop, Distributive and Allied Workers relating to the way in which shop...
May I place on record my heartfelt appreciation of the dignified leadership that the parents and family of my constituent Murray Dowey have shown on this issue? Will the Secretary of State say more about the ongoing conversations that she will have with tech companies while the primary legislative clock...
May I place on record my heartfelt appreciation of the dignified leadership that the parents and family of my constituent Murray Dowey have shown on this issue? Will the Secretary of State say more about the ongoing conversations that she will have with tech companies while the primary legislative clock...
I pay tribute to my hon. Friend’s constituents, and thank him for being such an outstanding advocate for them. He will have heard what I said about ongoing discussions with tech companies. We ought to be moving quickly on this, and it ought not to require primary legislation, but given...
I pay tribute to my hon. Friend’s constituents, and thank him for being such an outstanding advocate for them. He will have heard what I said about ongoing discussions with tech companies. We ought to be moving quickly on this, and it ought not to require primary legislation, but given...
Children are facing unacceptable levels of sexual harm online, and they need protection. When the Government do the right thing, I will say so, although it has taken them rather a long time to get to the right place.
Many children use older phones handed down by family members. How will...
Children are facing unacceptable levels of sexual harm online, and they need protection. When the Government do the right thing, I will say so, although it has taken them rather a long time to get to the right place.
Many children use older phones handed down by family members. How will...
We have been discussing that as a Department, and it is something that officials are currently exploring. I am very familiar with what the hon. Gentleman says: many children will be using older devices. We think there may be some solutions to this, but I am very keen to work...
We have been discussing that as a Department, and it is something that officials are currently exploring. I am very familiar with what the hon. Gentleman says: many children will be using older devices. We think there may be some solutions to this, but I am very keen to work...
As a parent, I can understand the anxiety that Gloucester parents have about keeping their children safe online, so I thank the Secretary of State for today’s announcement. Given the financial resources that the tech companies have and the innovative, brilliant minds that they have working for them, will she...
As a parent, I can understand the anxiety that Gloucester parents have about keeping their children safe online, so I thank the Secretary of State for today’s announcement. Given the financial resources that the tech companies have and the innovative, brilliant minds that they have working for them, will she...
I strongly support that; frankly, there is no excuse. My hon. Friend mentions the anxiety that many families feel. I have worked with the outstanding organisation that is the NSPCC, and with Childline, for many years, as has the hon. Member for Twickenham (Munira Wilson)—we used to work together many...
I strongly support that; frankly, there is no excuse. My hon. Friend mentions the anxiety that many families feel. I have worked with the outstanding organisation that is the NSPCC, and with Childline, for many years, as has the hon. Member for Twickenham (Munira Wilson)—we used to work together many...
I first raised the issue of self-generated images in Parliament more than four years ago. I have asked almost every single Culture, Media and Sport team about the issue of livestreaming. I am pleased to hear from the Secretary of State that action is being taken, and about the belt-and-braces...
I first raised the issue of self-generated images in Parliament more than four years ago. I have asked almost every single Culture, Media and Sport team about the issue of livestreaming. I am pleased to hear from the Secretary of State that action is being taken, and about the belt-and-braces...
I thank the hon. Lady for being such a long-standing campaigner on this issue, and I am sorry that it took many Secretaries of State before we were able announce this. I am really committed to looking at the issue seriously. I will go away after this statement and ask...
I thank the hon. Lady for being such a long-standing campaigner on this issue, and I am sorry that it took many Secretaries of State before we were able announce this. I am really committed to looking at the issue seriously. I will go away after this statement and ask...
I really welcome the Secretary of State’s statement. We have a massive crisis of digitally enabled child sexual exploitation in the UK. As an illustration, there is a global industry for livestreamed abuse material from the Philippines. The UK is the second largest global consumer and is second only to...
I really welcome the Secretary of State’s statement. We have a massive crisis of digitally enabled child sexual exploitation in the UK. As an illustration, there is a global industry for livestreamed abuse material from the Philippines. The UK is the second largest global consumer and is second only to...
I would be very happy to meet my hon. Friend. We have talked a lot about the tech companies in relation to this, and it is right to do so because there are obligations that must be met, but there is also traditional law enforcement, and we need to ensure...
I would be very happy to meet my hon. Friend. We have talked a lot about the tech companies in relation to this, and it is right to do so because there are obligations that must be met, but there is also traditional law enforcement, and we need to ensure...
I also welcome the statement. I would be grateful if the Secretary of State shared with the House a little bit about how the highly efficient age assurance system actually works. In particular, I confess to the fact that over 60 years ago my parents, recognising that my sister and...
I also welcome the statement. I would be grateful if the Secretary of State shared with the House a little bit about how the highly efficient age assurance system actually works. In particular, I confess to the fact that over 60 years ago my parents, recognising that my sister and...
We are not envisaging imposing penalties on parents. However, the right hon. Member is right that, as we are already anticipating, with any system we introduce there will be people who find ways to get around the safeguards we put in place. That is one lesson we have learned from...
We are not envisaging imposing penalties on parents. However, the right hon. Member is right that, as we are already anticipating, with any system we introduce there will be people who find ways to get around the safeguards we put in place. That is one lesson we have learned from...
I commend my right hon. Friend for her statement, but also for her personal decision to leave Elon Musk’s X. I left the platform over a year ago because I did not want to have any association with a platform whose founder has consistently called for civil war in our...
I commend my right hon. Friend for her statement, but also for her personal decision to leave Elon Musk’s X. I left the platform over a year ago because I did not want to have any association with a platform whose founder has consistently called for civil war in our...
I think this is a personal decision, and all Members of the House should be free to decide how and where they communicate, but for my own part, I did not want to encourage more people to a site that I think has become more of a force for harm...
I think this is a personal decision, and all Members of the House should be free to decide how and where they communicate, but for my own part, I did not want to encourage more people to a site that I think has become more of a force for harm...
I welcome the Secretary of State’s announcements. As she said, she and I have worked together on children’s issues for many years, so I know how committed she is, but may I press her a little further on AI companions? We know that they can expose children to inappropriate sexual...
I welcome the Secretary of State’s announcements. As she said, she and I have worked together on children’s issues for many years, so I know how committed she is, but may I press her a little further on AI companions? We know that they can expose children to inappropriate sexual...
This is a live issue and it is very much at the front of my mind. Over the last few months, I have been working with campaigners and Members of this House and the other place to ensure we get this right. With some of the protections previously asked for,...
This is a live issue and it is very much at the front of my mind. Over the last few months, I have been working with campaigners and Members of this House and the other place to ensure we get this right. With some of the protections previously asked for,...
Like the Secretary of State, I pay tribute to the Ministers before her who have laid out some of the tough language and now the tough legislation that we will bring in. This could be done tomorrow. All it requires is an update to the iOS and Android operating systems....
Like the Secretary of State, I pay tribute to the Ministers before her who have laid out some of the tough language and now the tough legislation that we will bring in. This could be done tomorrow. All it requires is an update to the iOS and Android operating systems....
We are moving as fast as possible, and I give my hon. Friend my word that we will not unduly delay. She will have heard the debates that I have just had with some hon. Members about some of the complexities, but complexity cannot be an excuse for inaction when...
We are moving as fast as possible, and I give my hon. Friend my word that we will not unduly delay. She will have heard the debates that I have just had with some hon. Members about some of the complexities, but complexity cannot be an excuse for inaction when...
A child cannot unsee a sexualised image online. I raised with the former Secretary of State parents’ concerns regarding highly sexualised images popping up in children’s games online. Will today’s announcement cover in-game adverts, or is that a loophole that the new Secretary of State can commit to looking at?
A child cannot unsee a sexualised image online. I raised with the former Secretary of State parents’ concerns regarding highly sexualised images popping up in children’s games online. Will today’s announcement cover in-game adverts, or is that a loophole that the new Secretary of State can commit to looking at?
I certainly commit to looking at that issue. I am concerned by what the hon. Lady said. I will take that away and make sure that we take the appropriate action to protect children from those sorts of images.
I certainly commit to looking at that issue. I am concerned by what the hon. Lady said. I will take that away and make sure that we take the appropriate action to protect children from those sorts of images.
Like parents and grandparents in Hartlepool, I find it incredible that technology companies even had to be asked to put software in place that protected against child sexual abuse. Having been asked, they apparently have said no. As the Secretary of State rightly points out, there will be further loopholes...
Like parents and grandparents in Hartlepool, I find it incredible that technology companies even had to be asked to put software in place that protected against child sexual abuse. Having been asked, they apparently have said no. As the Secretary of State rightly points out, there will be further loopholes...
I support what my hon. Friend says. We need to stop thinking about the online world as somehow distinct from the offline world. As someone who worked with children and young people for many years before I came into Parliament, I know that there are systems and protections in place...
I support what my hon. Friend says. We need to stop thinking about the online world as somehow distinct from the offline world. As someone who worked with children and young people for many years before I came into Parliament, I know that there are systems and protections in place...
The Secretary of State is right to push the tech companies to live up to their responsibilities to keep children safe. One of the many horrifying things when considering online safety is the number of abuse perpetrators who themselves are children. We have had a case in my local area...
The Secretary of State is right to push the tech companies to live up to their responsibilities to keep children safe. One of the many horrifying things when considering online safety is the number of abuse perpetrators who themselves are children. We have had a case in my local area...
The hon. Lady raises an important point about some of the apps that exist. I commend my right hon. Friend the Member for Leicester West (Liz Kendall) for taking such quick and decisive action in this place on Grok. The hon. Lady is right to say that other forms of...
The hon. Lady raises an important point about some of the apps that exist. I commend my right hon. Friend the Member for Leicester West (Liz Kendall) for taking such quick and decisive action in this place on Grok. The hon. Lady is right to say that other forms of...
I welcome the Secretary of State’s statement and the work done by my right hon. Friend the Member for Leicester West (Liz Kendall) to finally take back control of our children’s safety online. Tackling misinformation and disinformation is also a part of creating safe online spaces. I have been leading,...
I welcome the Secretary of State’s statement and the work done by my right hon. Friend the Member for Leicester West (Liz Kendall) to finally take back control of our children’s safety online. Tackling misinformation and disinformation is also a part of creating safe online spaces. I have been leading,...
I pay tribute to my hon. Friend and her constituent for their campaign. I would be very happy to offer a meeting with the relevant officials and to discuss this issue personally with her. She is absolutely right to highlight the importance of tackling misinformation and disinformation. She will know...
I pay tribute to my hon. Friend and her constituent for their campaign. I would be very happy to offer a meeting with the relevant officials and to discuss this issue personally with her. She is absolutely right to highlight the importance of tackling misinformation and disinformation. She will know...
I welcome the statement by the Secretary of State, the work she is doing and the work begun by the hon. Member for Birmingham Yardley (Jess Phillips). Protecting our children is very important. My query relates to the allegedly robust complaints procedure provided by social media apps. For example, a...
I welcome the statement by the Secretary of State, the work she is doing and the work begun by the hon. Member for Birmingham Yardley (Jess Phillips). Protecting our children is very important. My query relates to the allegedly robust complaints procedure provided by social media apps. For example, a...
The hon. Gentleman gives an astonishing example. I am very happy to pick that up with the social media companies directly.
The hon. Gentleman gives an astonishing example. I am very happy to pick that up with the social media companies directly.
I echo the comments of my hon. Friend the Member for Hyndburn (Sarah Smith) on misinformation and disinformation. We know that hostile states around the world, from Russia to Iran, are actively using social media disinformation as a tool as part of their forward defence strategy to disrupt democracies and...
I echo the comments of my hon. Friend the Member for Hyndburn (Sarah Smith) on misinformation and disinformation. We know that hostile states around the world, from Russia to Iran, are actively using social media disinformation as a tool as part of their forward defence strategy to disrupt democracies and...
We are coming at that from a number of angles. As well as the measures I have been outlining to colleagues today, we are looking at how we can develop gov.uk. We are pioneers when it comes to gov.uk, but we believe we could do even more to make it...
We are coming at that from a number of angles. As well as the measures I have been outlining to colleagues today, we are looking at how we can develop gov.uk. We are pioneers when it comes to gov.uk, but we believe we could do even more to make it...
I join the House in welcoming the statement and thank the Government for the steps they are taking to keep our children safe. Earlier this year, I met campaigners from SafeToNet who had invented hardware-level protection that they had installed on HTC-only devices and were trying to persuade other mobile...
I join the House in welcoming the statement and thank the Government for the steps they are taking to keep our children safe. Earlier this year, I met campaigners from SafeToNet who had invented hardware-level protection that they had installed on HTC-only devices and were trying to persuade other mobile...
The hon. Gentleman is right to raise the issue of enforcement. As has already been mentioned, any legislation that we introduce is only as good as our ability to enforce it, so we take that extremely seriously.
The hon. Gentleman is right to raise the issue of enforcement. As has already been mentioned, any legislation that we introduce is only as good as our ability to enforce it, so we take that extremely seriously.
As the youngest parent in this place, I warmly welcome the Secretary of State’s leadership and that of our Prime Minister. Will she look at AI-enabled smart glasses, which could be filming our children, and the content from them that is being put online? Will she also look at loopholes...
As the youngest parent in this place, I warmly welcome the Secretary of State’s leadership and that of our Prime Minister. Will she look at AI-enabled smart glasses, which could be filming our children, and the content from them that is being put online? Will she also look at loopholes...
I have already discussed issues around VPNs with officials; device-level controls are one part of the answer but not the whole answer, so my hon. Friend is right to raise the issue. I will take up the issue of smart glasses as well.
I have already discussed issues around VPNs with officials; device-level controls are one part of the answer but not the whole answer, so my hon. Friend is right to raise the issue. I will take up the issue of smart glasses as well.
When I speak to parents in Bracknell Forest, they tell me of their anxiety about what their young people might be exposed to online and their feeling of powerlessness—they do not feel that they have the tools to do anything about it. Today’s statement makes it clear that this Government...
When I speak to parents in Bracknell Forest, they tell me of their anxiety about what their young people might be exposed to online and their feeling of powerlessness—they do not feel that they have the tools to do anything about it. Today’s statement makes it clear that this Government...
I support my hon. Friend in saying that it is the responsibility of all of us to keep children safe, and we would like to see the tech companies do more—and more quickly. Today’s statement also shows that the Government can do things to improve people’s lives. We are not...
I support my hon. Friend in saying that it is the responsibility of all of us to keep children safe, and we would like to see the tech companies do more—and more quickly. Today’s statement also shows that the Government can do things to improve people’s lives. We are not...
I welcome the announcement from the Secretary of State, but the focus is too often on what young people are doing, rather than on the adults who are grooming and coercing them. Can the Secretary of State say more about the work that her Department and others are doing with...
I welcome the announcement from the Secretary of State, but the focus is too often on what young people are doing, rather than on the adults who are grooming and coercing them. Can the Secretary of State say more about the work that her Department and others are doing with...
I saw my hon. Friend the Member for Birmingham Yardley (Jess Phillips) nodding vigorously at that point. My hon. Friend the Member for Portsmouth North (Amanda Martin) is absolutely right, and I am working closely with the Home Secretary to ensure that we come at the issue from every angle...
I saw my hon. Friend the Member for Birmingham Yardley (Jess Phillips) nodding vigorously at that point. My hon. Friend the Member for Portsmouth North (Amanda Martin) is absolutely right, and I am working closely with the Home Secretary to ensure that we come at the issue from every angle...
I strongly welcome the statement from the Secretary of State. It is long overdue and builds on great work by her predecessors. Unfortunately, we do not have full sovereign capability in developing our own tech in this country, and we are vulnerable to politics in other countries. Will the Secretary...
I strongly welcome the statement from the Secretary of State. It is long overdue and builds on great work by her predecessors. Unfortunately, we do not have full sovereign capability in developing our own tech in this country, and we are vulnerable to politics in other countries. Will the Secretary...
My hon. Friend raises two linked and important points. First, we are the Government of the United Kingdom and are responsible to the people of this country. Although we have close friends and allies all over the world, we reserve the right to take our own view on technology. Particularly...
My hon. Friend raises two linked and important points. First, we are the Government of the United Kingdom and are responsible to the people of this country. Although we have close friends and allies all over the world, we reserve the right to take our own view on technology. Particularly...
I thank and commend the Secretary of State for the Government’s world-leading action. Does she agree that at some point in the future, we are going to look back and wonder how we let the tech companies get away with hijacking our children’s attention and safety for so long? She...
I thank and commend the Secretary of State for the Government’s world-leading action. Does she agree that at some point in the future, we are going to look back and wonder how we let the tech companies get away with hijacking our children’s attention and safety for so long? She...
I think we have been living through a revolution in the way we interact with one another and with Government, compared with when I was growing up. I am going to sound incredibly old now, but I think I was 17 before I got my first email address, and Google...
I think we have been living through a revolution in the way we interact with one another and with Government, compared with when I was growing up. I am going to sound incredibly old now, but I think I was 17 before I got my first email address, and Google...
This is a really tremendous statement—I welcome it, and congratulate and thank my right hon. Friend for it. We have touched on the tech companies. Sadly, we can expect them to push back, and they may get support on the other side of the Atlantic. I encourage my right hon....
This is a really tremendous statement—I welcome it, and congratulate and thank my right hon. Friend for it. We have touched on the tech companies. Sadly, we can expect them to push back, and they may get support on the other side of the Atlantic. I encourage my right hon....
My hon. Friend is absolutely right. As a rule, I think this Government have taken that approach; we want to have a much closer relationship with our closest friends and neighbours across Europe and to repair some of the needless damage that was done to that relationship under previous Governments....
My hon. Friend is absolutely right. As a rule, I think this Government have taken that approach; we want to have a much closer relationship with our closest friends and neighbours across Europe and to repair some of the needless damage that was done to that relationship under previous Governments....
I welcome the Secretary of State’s statement. Unfortunately, young people and their parents in my constituency do not believe that the big tech companies are taking their responsibilities seriously. I speak to young people in schools across Harlow who are concerned that it is very easy to flout the age...
I welcome the Secretary of State’s statement. Unfortunately, young people and their parents in my constituency do not believe that the big tech companies are taking their responsibilities seriously. I speak to young people in schools across Harlow who are concerned that it is very easy to flout the age...
I thank my hon. Friend for that point. I think the views of his constituents in Harlow are probably mirrored in every constituency across the country. I want to be really clear about our message today to parents who have been struggling with this matter for so long: you are...
I thank my hon. Friend for that point. I think the views of his constituents in Harlow are probably mirrored in every constituency across the country. I want to be really clear about our message today to parents who have been struggling with this matter for so long: you are...
Democracies face a choice between allowing the online world to be a wild west or stepping in, so I really welcome this Government’s decision to regulate the tech titans that have been putting profit before protection. I have families in my constituency who have been deeply affected by traumas online...
Democracies face a choice between allowing the online world to be a wild west or stepping in, so I really welcome this Government’s decision to regulate the tech titans that have been putting profit before protection. I have families in my constituency who have been deeply affected by traumas online...
Yes, of course; it would be a privilege to meet them. I have had the honour of getting to know some of these families—both bereaved families and families of survivors whose children have been harmed because of the lack of action in this space—and I gave them a commitment that...
Yes, of course; it would be a privilege to meet them. I have had the honour of getting to know some of these families—both bereaved families and families of survivors whose children have been harmed because of the lack of action in this space—and I gave them a commitment that...
The Social Housing Bill [HL] 2026-27 is scheduled to have its second reading in the House of Commons on 10 September 2026.
The Social Housing Bill [HL] 2026-27 is scheduled to have its second reading in the House of Commons on 10 September 2026.
The Civil Aviation Bill is going through Parliament. It gives more powers to the Civil Aviation Authority and modernises the UK's aviation regulatory framework
The Civil Aviation Bill is going through Parliament. It gives more powers to the Civil Aviation Authority and modernises the UK's aviation regulatory framework
Lords report stage first day. Amendment 5 disagreed to on division (76 to 164). Amendment 10 agreed to on division (246 to 165). Amendment 11 disagreed to on division (69 to 171). Amendment 12 agreed to. Amendment 14 disagreed to on division (59 to 144). (Part 1 of 2).
Lords report stage first day. Amendment 5 disagreed to on division (76 to 164). Amendment 10 agreed to on division (246 to 165). Amendment 11 disagreed to on division (69 to 171). Amendment 12 agreed to. Amendment 14 disagreed to on division (59 to 144). (Part 1 of 2).
Moved by
Baroness Neville-Rolfe
1: Leave out Clause 1
Member’s explanatory statement
This amendment, along with another in the name of Baroness Neville-Rolfe, seeks to allow for a debate on the Government’s intentions around a new regime to be laid down in the regulatory rule book in place of that established by the Consumer...
Moved by
Baroness Neville-Rolfe
1: Leave out Clause 1
Member’s explanatory statement
This amendment, along with another in the name of Baroness Neville-Rolfe, seeks to allow for a debate on the Government’s intentions around a new regime to be laid down in the regulatory rule book in place of that established by the Consumer...
My Lords, I am honoured to open our discussions on Report on the Financial Services and Markets Bill, which we support in general but seek to improve. I congratulate the Minister on his new position and thank him for his engagement. I also thank the noble Lord, Lord Stockwood, whom...
My Lords, I am honoured to open our discussions on Report on the Financial Services and Markets Bill, which we support in general but seek to improve. I congratulate the Minister on his new position and thank him for his engagement. I also thank the noble Lord, Lord Stockwood, whom...
My Lords, I will speak to my non-diminution Amendments 2 and 3, and to Amendments 4 and 5, which stem from them. In Committee, the Government made it clear that they wish to remove tail risk for firms—a theme running through the changes to the CCA and FOS. I agree...
My Lords, I will speak to my non-diminution Amendments 2 and 3, and to Amendments 4 and 5, which stem from them. In Committee, the Government made it clear that they wish to remove tail risk for firms—a theme running through the changes to the CCA and FOS. I agree...
My Lords, I will speak to Amendment 5 in this group. Structurally, the amendment follows the approach used by my noble friend Lady Bowles in her previous amendment, and I am very grateful to her for the help and support in drafting. My amendment
has a simple purpose, which is...
My Lords, I will speak to Amendment 5 in this group. Structurally, the amendment follows the approach used by my noble friend Lady Bowles in her previous amendment, and I am very grateful to her for the help and support in drafting. My amendment
has a simple purpose, which is...
My Lords, I support Amendment 2 in the name of the noble Baroness, Lady Bowles of Berkhamsted, to which I have added my name. As we have already heard, this amendment would ensure that, when provisions of the Consumer Credit Act are repealed or replaced by FCA rules, the overall...
My Lords, I support Amendment 2 in the name of the noble Baroness, Lady Bowles of Berkhamsted, to which I have added my name. As we have already heard, this amendment would ensure that, when provisions of the Consumer Credit Act are repealed or replaced by FCA rules, the overall...
My Lords, I support the amendments in this group, and I feel that this Bill has an opportunity to improve—or at least not diminish—the protections that are offered to consumers of financial services. We have long known that from a consumer perspective, the asymmetry of information and the asymmetry of...
My Lords, I support the amendments in this group, and I feel that this Bill has an opportunity to improve—or at least not diminish—the protections that are offered to consumers of financial services. We have long known that from a consumer perspective, the asymmetry of information and the asymmetry of...
My Lords, I will be extremely brief because my Bench has just spoken very clearly on this issue. I share with the Conservative Front Bench concerns about accountability with a further removal of powers directly into the hands of the regulator, and had they pressed their Amendment 1, we would...
My Lords, I will be extremely brief because my Bench has just spoken very clearly on this issue. I share with the Conservative Front Bench concerns about accountability with a further removal of powers directly into the hands of the regulator, and had they pressed their Amendment 1, we would...
My Lords, it is a privilege to be here today to debate the Financial Services and Markets Bill. I put on record my thanks to my noble friend Lord Stockwood for leading the earlier stages of this debate and thank all noble Lords who have contributed to this debate in...
My Lords, it is a privilege to be here today to debate the Financial Services and Markets Bill. I put on record my thanks to my noble friend Lord Stockwood for leading the earlier stages of this debate and thank all noble Lords who have contributed to this debate in...
My Lords, I am very grateful to the Minister for his response and his detailed explanation of how Clause 1 is framed. I am also grateful to the other noble Lords who have contributed to the debate—the noble Baronesses, Lady Bowles and Lady Altmann, and the right reverend Prelate the...
My Lords, I am very grateful to the Minister for his response and his detailed explanation of how Clause 1 is framed. I am also grateful to the other noble Lords who have contributed to the debate—the noble Baronesses, Lady Bowles and Lady Altmann, and the right reverend Prelate the...
Moved by
Lord Sharkey
5: After Clause 1, insert the following new Clause—
“Protection of consumers where regulated credit agreements or regulated mortgage contracts are transferred to inactive lenders
(1) This section applies where rights under any regulated credit agreement or regulated mortgage contract are assigned, sold, securitised or otherwise transferred to a person...
Moved by
Lord Sharkey
5: After Clause 1, insert the following new Clause—
“Protection of consumers where regulated credit agreements or regulated mortgage contracts are transferred to inactive lenders
(1) This section applies where rights under any regulated credit agreement or regulated mortgage contract are assigned, sold, securitised or otherwise transferred to a person...
My Lords, I had hoped that the life-crippling injustice visited on mortgage prisoners by government would produce a more sympathetic approach. In fact, it is hard to tell what approach, if any, the Government are proposing. What are they proposing to do about this long-standing and obvious injustice? Let me...
My Lords, I had hoped that the life-crippling injustice visited on mortgage prisoners by government would produce a more sympathetic approach. In fact, it is hard to tell what approach, if any, the Government are proposing. What are they proposing to do about this long-standing and obvious injustice? Let me...
Moved by
Baroness Kramer
7: Clause 3, page 2, line 4, at end insert—
“(2A) Regulations may only make provision arising directly from the review carried out under subsection (2).”
Member’s explanatory statement
This amendment would restrict the scope of the regulations so that they may only implement matters that have been reviewed and consulted...
Moved by
Baroness Kramer
7: Clause 3, page 2, line 4, at end insert—
“(2A) Regulations may only make provision arising directly from the review carried out under subsection (2).”
Member’s explanatory statement
This amendment would restrict the scope of the regulations so that they may only implement matters that have been reviewed and consulted...
My Lords, it was exceedingly remiss of me, when I spoke earlier, not to welcome the noble Lord, Lord Pitt-Watson, to his role. We have had so many conversations that I have begun to think of him as the established Minister, yet sitting just a few Benches away is the...
My Lords, it was exceedingly remiss of me, when I spoke earlier, not to welcome the noble Lord, Lord Pitt-Watson, to his role. We have had so many conversations that I have begun to think of him as the established Minister, yet sitting just a few Benches away is the...
My Lords, as this is the first time I am speaking on Report, I should remind the House of my interests as a shareholder in Fidelity National Information Services Inc, which provides services to the financial sector, and as a non-practising member of the Institute of Chartered Accountants in England...
My Lords, as this is the first time I am speaking on Report, I should remind the House of my interests as a shareholder in Fidelity National Information Services Inc, which provides services to the financial sector, and as a non-practising member of the Institute of Chartered Accountants in England...
My Lords, I want to support Amendment 8, but no one seems to have spoken to it, so is it in order for me to say a few words on it? It is an important amendment because it contains really the only mention in the whole Bill of post offices....
My Lords, I want to support Amendment 8, but no one seems to have spoken to it, so is it in order for me to say a few words on it? It is an important amendment because it contains really the only mention in the whole Bill of post offices....
My Lords, it is a pleasure to follow the noble Baroness. As this is the first time I have spoken on Report, I declare my technology interests as set out in the register, as adviser to the Crown Estate and Simmons and Simmons LLP and as non-executive director at Avalanche...
My Lords, it is a pleasure to follow the noble Baroness. As this is the first time I have spoken on Report, I declare my technology interests as set out in the register, as adviser to the Crown Estate and Simmons and Simmons LLP and as non-executive director at Avalanche...
My Lords, I rise briefly to support Amendment 10 from the noble Baroness, Lady Neville-Rolfe, to add a few of my own concerns on Clause 3 and to support the remarks made earlier on this matter by the noble Lord, Lord Vaux, and the noble Baroness, Lady Kramer.
Protecting customer access...
My Lords, I rise briefly to support Amendment 10 from the noble Baroness, Lady Neville-Rolfe, to add a few of my own concerns on Clause 3 and to support the remarks made earlier on this matter by the noble Lord, Lord Vaux, and the noble Baroness, Lady Kramer.
Protecting customer access...
My Lords, I also support the amendments in this group. I believe that the description of these extremely wide powers should, in itself, alert the House to the dangers that Clause 3 of the Bill could pose. I believe that it is important for the Government to understand, for example,...
My Lords, I also support the amendments in this group. I believe that the description of these extremely wide powers should, in itself, alert the House to the dangers that Clause 3 of the Bill could pose. I believe that it is important for the Government to understand, for example,...
My Lords, I support my noble friend Lady Neville-Rolfe’s amendment, which would leave out Clause 3. I very much agree with the noble, Lord Vaux, and other noble Lords who have spoken.
I support these amendments on constitutional grounds, because of the importance of the separation of powers and the role...
My Lords, I support my noble friend Lady Neville-Rolfe’s amendment, which would leave out Clause 3. I very much agree with the noble, Lord Vaux, and other noble Lords who have spoken.
I support these amendments on constitutional grounds, because of the importance of the separation of powers and the role...
My Lords, I will say a couple of words on Amendment 10 in the name of my noble friend Lady Neville-Rolfe, which I fully support. The phrase:
“The Treasury may by regulations make such provision as they consider appropriate in connection with providing access to banking services”,
is not just wide; it...
My Lords, I will say a couple of words on Amendment 10 in the name of my noble friend Lady Neville-Rolfe, which I fully support. The phrase:
“The Treasury may by regulations make such provision as they consider appropriate in connection with providing access to banking services”,
is not just wide; it...
My Lords, I thank the noble Baroness, Lady Hoey, and my noble friends Lord Holmes and Lord Mackinlay, for reminding us of the value of post offices and the importance of banking hubs, especially in this ever-expanding digital world. There are serious issues here across the country.
I will speak to...
My Lords, I thank the noble Baroness, Lady Hoey, and my noble friends Lord Holmes and Lord Mackinlay, for reminding us of the value of post offices and the importance of banking hubs, especially in this ever-expanding digital world. There are serious issues here across the country.
I will speak to...
My Lords, I am hearing two arguments here: a strong consensus across the House for the need for access to banking and for the appropriate actions to be taken to make sure that that takes place; and a concern, also raised in Committee, about the breadth of the power, particularly...
My Lords, I am hearing two arguments here: a strong consensus across the House for the need for access to banking and for the appropriate actions to be taken to make sure that that takes place; and a concern, also raised in Committee, about the breadth of the power, particularly...
My Lords, given that the Conservative Front Bench have expressed their interest in moving Amendment 10, I will withdraw Amendment 7.
My Lords, given that the Conservative Front Bench have expressed their interest in moving Amendment 10, I will withdraw Amendment 7.
Moved by
Baroness Neville-Rolfe
10: Leave out Clause 3
Moved by
Baroness Neville-Rolfe
10: Leave out Clause 3
My Lords, I seek to test the opinion of the House on this amendment.
My Lords, I seek to test the opinion of the House on this amendment.
Moved by
Baroness Kramer
11: After Clause 3, insert the following new Clause—
“Access to affordable credit
(1) The Financial Conduct Authority must—
(a) within 12 months of the day on which this Act is passed, establish and publish a framework for assessing and rating the performance of relevant deposit takers in providing access to...
Moved by
Baroness Kramer
11: After Clause 3, insert the following new Clause—
“Access to affordable credit
(1) The Financial Conduct Authority must—
(a) within 12 months of the day on which this Act is passed, establish and publish a framework for assessing and rating the performance of relevant deposit takers in providing access to...
My Lords, this group of amendments concerns itself with financial inclusion. I have two important but very different amendments in this group. The first is Amendment 11, to which the right reverend Prelate the Bishop of Manchester has added his name, and I thank him for that. The House will...
My Lords, this group of amendments concerns itself with financial inclusion. I have two important but very different amendments in this group. The first is Amendment 11, to which the right reverend Prelate the Bishop of Manchester has added his name, and I thank him for that. The House will...
My Lords, it is a pleasure to speak in this group and, indeed, to follow the noble Baroness, Lady Kramer. There is a thread which unites all the amendments in this group: they all make sense, they are all clear and the Government should accept them.
Before I talk about the...
My Lords, it is a pleasure to speak in this group and, indeed, to follow the noble Baroness, Lady Kramer. There is a thread which unites all the amendments in this group: they all make sense, they are all clear and the Government should accept them.
Before I talk about the...
My Lords, I have only put forward one amendment to this entire Bill, Amendment 70. I spoke at great length in Committee and highlighted then, as I will highlight now, that I am a chartered accountant and chartered tax adviser, and have conducted probate work over many years.
Let us just...
My Lords, I have only put forward one amendment to this entire Bill, Amendment 70. I spoke at great length in Committee and highlighted then, as I will highlight now, that I am a chartered accountant and chartered tax adviser, and have conducted probate work over many years.
Let us just...
My Lords, I fully echo the comments that the noble Lord, Lord Mackinlay, just made, having had personal experience, sadly, of just what he described. Amendment 70 would provide at least some relief to those executors who cannot
access funds and who see the interest racking up while probate delays...
My Lords, I fully echo the comments that the noble Lord, Lord Mackinlay, just made, having had personal experience, sadly, of just what he described. Amendment 70 would provide at least some relief to those executors who cannot
access funds and who see the interest racking up while probate delays...
My Lords, I have sympathy with all the amendments in the group, but I will focus my comments on Amendment 11 in the name of the noble Baroness, Lady Kramer, to which I added my name. As we have heard, this would require the FCA to establish a framework assessing...
My Lords, I have sympathy with all the amendments in the group, but I will focus my comments on Amendment 11 in the name of the noble Baroness, Lady Kramer, to which I added my name. As we have heard, this would require the FCA to establish a framework assessing...
My Lords, I am grateful to all noble Lords who have contributed to this interesting debate. I much look forward to the Minister’s response, particularly on child trust funds for those in that
capacity. I agree with my noble friend Lord Mackinlay that we have a problem with HMRC administration...
My Lords, I am grateful to all noble Lords who have contributed to this interesting debate. I much look forward to the Minister’s response, particularly on child trust funds for those in that
capacity. I agree with my noble friend Lord Mackinlay that we have a problem with HMRC administration...
I am grateful to noble Lords for raising these issues around financial inclusion. The Government fully recognise the importance of improving access to appropriate and affordable financial services—particularly those for people on low incomes and in vulnerable circumstances—and of improving the financial education of the nation. We support the intention...
I am grateful to noble Lords for raising these issues around financial inclusion. The Government fully recognise the importance of improving access to appropriate and affordable financial services—particularly those for people on low incomes and in vulnerable circumstances—and of improving the financial education of the nation. We support the intention...
My Lords, I will not reargue the points, and I thank everybody who has participated in this debate. I will just say to the Minister on
Amendment 11 that, having cited a number of American banks, I suggest that he goes to talk to them and tell them that this...
My Lords, I will not reargue the points, and I thank everybody who has participated in this debate. I will just say to the Minister on
Amendment 11 that, having cited a number of American banks, I suggest that he goes to talk to them and tell them that this...
Moved by
Lord Pitt-Watson
12: Clause 4, page 3, line 34, at end insert—
“(ga) in paragraph 14 (scheme rules), in sub-paragraph (2), omit paragraph (f);”
Member's explanatory statement
This amendment would remove the power of the scheme operator to make rules providing for the delegation of functions from the Financial Ombudsman to staff, given...
Moved by
Lord Pitt-Watson
12: Clause 4, page 3, line 34, at end insert—
“(ga) in paragraph 14 (scheme rules), in sub-paragraph (2), omit paragraph (f);”
Member's explanatory statement
This amendment would remove the power of the scheme operator to make rules providing for the delegation of functions from the Financial Ombudsman to staff, given...
My Lords, I will speak to the amendments in my name in this group. Before turning to the detail, I should briefly note that almost all these amendments were previously tabled by the Government in Committee, where, in light of concerns expressed about the way in which they were tabled,...
My Lords, I will speak to the amendments in my name in this group. Before turning to the detail, I should briefly note that almost all these amendments were previously tabled by the Government in Committee, where, in light of concerns expressed about the way in which they were tabled,...
I thank the Minister for bringing forward these already tabled amendments, assembled this evening in group 4, and declare my interest as a director of South Molton Street Capital. These amendments, as the Minister explained, remove duplication, correct drafting, make the provisions of the Bill work better together, and make...
I thank the Minister for bringing forward these already tabled amendments, assembled this evening in group 4, and declare my interest as a director of South Molton Street Capital. These amendments, as the Minister explained, remove duplication, correct drafting, make the provisions of the Bill work better together, and make...
Moved by
Lord Sharkey
13: Leave out Clause 7
Member’s explanatory statement
This amendment would remove provisions relating to how the Financial Ombudsman Service may refer matters on complaints to the FCA.
Moved by
Lord Sharkey
13: Leave out Clause 7
Member’s explanatory statement
This amendment would remove provisions relating to how the Financial Ombudsman Service may refer matters on complaints to the FCA.
My Lords, I will speak to my Amendments 13 to 15 and 99. Clauses 7 and 8 propose radical reform of the relationship between the FOS and the FCA, and of the method of determining complaints to the FOS. These proposals will have a critical effect on consumer protection. They...
My Lords, I will speak to my Amendments 13 to 15 and 99. Clauses 7 and 8 propose radical reform of the relationship between the FOS and the FCA, and of the method of determining complaints to the FOS. These proposals will have a critical effect on consumer protection. They...
I congratulate the noble Lord, Lord Sharkey, on making a very powerful case for keeping the existing system under which the FOS operates. The problem here, expressed in the considerable representations that we have received from consumer groups, is a lack of clarity about the problem that this is meant...
I congratulate the noble Lord, Lord Sharkey, on making a very powerful case for keeping the existing system under which the FOS operates. The problem here, expressed in the considerable representations that we have received from consumer groups, is a lack of clarity about the problem that this is meant...
My Lords, I rise briefly to support my noble friend Lord Sharkey’s amendments. Some years ago, I gave a speech on ethics in finance in connection with the international Robin Cosgrove Prize in which I outlined what I called my eggshell strategy. The premise was simple: we must force firms,...
My Lords, I rise briefly to support my noble friend Lord Sharkey’s amendments. Some years ago, I gave a speech on ethics in finance in connection with the international Robin Cosgrove Prize in which I outlined what I called my eggshell strategy. The premise was simple: we must force firms,...
My Lords, we take a different view on the Financial Ombudsman Service. Our position is that the present FOS model now requires more fundamental reform. We propose that the Treasury should publish draft legislation to replace the FOS with a new financial adjudication service, alongside a dedicated financial services chamber...
My Lords, we take a different view on the Financial Ombudsman Service. Our position is that the present FOS model now requires more fundamental reform. We propose that the Treasury should publish draft legislation to replace the FOS with a new financial adjudication service, alongside a dedicated financial services chamber...
My Lords, I start with an apology to the noble Lord, Lord Sharkey, if I have failed to respond to him appropriately, but perhaps I can do so in the remarks that I will now make. In response to my noble friend Lord Davies, I am clear that treating customers...
My Lords, I start with an apology to the noble Lord, Lord Sharkey, if I have failed to respond to him appropriately, but perhaps I can do so in the remarks that I will now make. In response to my noble friend Lord Davies, I am clear that treating customers...