Speeches by Coghlan.

“You mentioned the new banking unit. How far do you think it should go in terms of allowing new entrants to grow to encourage competition against the risk of having, I guess, easier rules for new entrants?”

“You talked about the 39 to 40 new lenders. Is the number of new lenders your main metric when you think about competition? Why do we need a large tail of small banks to be competitive?”

“Thank you, Professor Moloney. You say that regulation is working super well, and you used covid as an example of that. How does that fit with former Prime Minister Truss’s mini-Budget in terms of the issues with pension funds? Was there a regulatory failure there, do you think?”

“Is it not the point that, if the Chancellor requests you scale back some of the regulation, issues like the LDI in other contexts reappear?”

“I thought that your point that the US has had higher economic growth than the UK and Europe with higher capital requirements was very interesting. To your point around simplifying regulation, how realistic is it to simplify regulation, given that some financial products are so incredibly complex? One issue during the f…”

“Does this complexity extend, in your view, to whether some of this financial services growth is actually real or just credit expansion? I am thinking about the whole debate prior to 2008 about to what extent the financial services growth was a social good. How does that inform your view?”

“Do you agree with Ben Navarro at Citigroup, who is saying that just a 0.1 percentage point fall in the productivity growth forecast could create a hole of £7 billion to £8 billion in the public finances?”

“Just coming back to your opening comments on national insurance, retail and hospitality businesses in particular in my constituency are telling me that there is an apocalypse out there on that. That was the exact word that they used. In the Budget, the Chancellor was forecasting 50,000 job losses from this. That seems …”

“Dr Pill, at the beginning, you were talking about inflationary echoes still being there and avoiding the mistakes of the 1970s, but wages are rising and productivity is falling. Is that not quite a strong inflationary indicator? How worried are you that we could repeat the mistakes of the 1970s by easing monetary polic…”

“Mr Bailey, how worried are you about the fall in UK productivity in the last year, in terms of this read-through to the recovery of UK productivity growth and the impact on the UK’s fiscal position?”

“1. What steps she plans to take to ensure that new housing developments have adequate access to primary health services.”

“US security guarantees for any peace agreement in Ukraine are of course highly desirable, but given that the US Defence Secretary appeared to explicitly rule them out, we must of course consider other scenarios, and those guarantees should not be a show-stopper. With that in mind, European NATO GDP alone is 10 times th…”

“Westvale Park in my constituency is a new housing development of 1,500 homes. Its residents have been waiting seven years for a GP surgery, and the existing GPs cannot expand their capacity. Will the Secretary of State meet me to discuss how we can ensure that Westvale Park gets the GP surgery it has been promised, as …”

“I thank the other hon. Members who took part in the visit to Ukraine for their powerful speeches. I share their emotions about the visit. Last Saturday was particularly emotional for me because I visited a recovery centre for wounded soldiers in Ukraine. I met a soldier called Volodymyr, who had lost both his legs in a…”

“Sure. I understand that.”

“Since the summer, the chair of the Competition and Markets Authority and the chief executive of the Payment Systems Regulator have left their positions. If the leaders of regulators regularly resign if they do not agree with the Treasury’s policy proposals, in what sense can regulators be considered to be independent?”

“Are there areas where complaints are actually falling?”

“Why have you been cutting your pay costs at a higher rate than you are cutting headcount? Why have you been reducing pay, given the increase in caseloads and that you are not meeting your performance standards right now?”

“Your expectation is that 73% will be met within three months.”

“It is almost at 40% right now, so you almost have to double your performance.”