Speeches by Reynolds.

“I could not agree more with my hon. Friend. We want to ensure that the dream of home ownership is expanded across the country, including to his constituency of Harlow. Because of the reforms we are taking forward, and there will be more to come, the estimate is that 36,000 new first-time buyers will be able to buy thei…”

“I reassure my hon. Friend that our agenda is to streamline regulation and make it more proportionate, and that there remain firm guardrails and affordability checks for mortgage providers. At the moment, the level of repossessions is very low and banks and other mortgage providers do all they can to avoid repossessing …”

“That is absolutely right. We were at Lloyds Banking Group yesterday in Leeds, and Lloyds employs thousands of people in Leeds and the wider region. There are some great opportunities in not only the establishment firms, but, as my hon. Friend the Member for Mid Derbyshire (Jonathan Davies) said, some of these new firms…”

“I could not agree more with my hon. Friend, who is a fantastic champion of fintech. We already have a thriving fintech sector, which is the second largest in the world—second only to the US—and we are determined to ensure that those companies access the capital and the authorisations and licences that they need from th…”

“I reassure the right hon. Gentleman that we have not announced a listing review; we have announced a listings taskforce—[Interruption.] It is different, if hon. Members will let me explain. It is a joint piece of work between the Office for Investment, His Majesty’s Treasury and other Government Departments to make sur…”

“That is similar to what the hon. Member for East Londonderry (Mr Campbell) asked. There has been lots of different research, but AJ Bell recently found that if people had put £100 a year into ISAs for the past 25 years, they would be better off if they invested in a stocks and shares ISA than a cash ISA, so it is perha…”

“I gently say to the right hon. Member that we are not talking about going back to 2007—we have come a long way since then. Of course, after the crash, financial services regulations and a new system of financial services regulation in terms of the twin peaks of the FCA and the PRA—conduct and prudential—were introduced…”

“My hon. Friend is a great campaigner on this issue, and he is absolutely right: this is not an easy nut to crack. We will work closely with the industry-led campaign. We need to give people who want to invest and save for the longer term the confidence to consider whether they can secure better returns through investin…”

“As was said previously, the package that we announced yesterday, as well as the announcement by the Bank of England and the FCA’s discussion paper, go to the heart of making sure that we have the right balance between ensuring people have affordable mortgage products and ensuring that those products are accessible to m…”

“I can reassure my hon. Friend that the concierge service will be working across the country. This is about ensuring that the UK has a single shop window for international firms looking to either set up or invest further in the UK. As we set out in the Leeds reforms, the benefits of that investment and of unleashing the…”

“It is always a great pleasure to come and give evidence to the hon. Gentleman’s Committee. I reassure him that the Government are upholding the ringfencing regime. We must strike the right balance between protecting financial stability and safeguarding depositors. Equally, we think that there are some flexibilities tha…”

“I refer the hon. Lady to page 63 of the strategy, which is very useful. It sets out an ambitious timeline for implementing the reforms that the Chancellor set out at the Mansion House last night and in Leeds yesterday morning, and shows her that we have already taken action to implement some of the decisions we took in…”

“I might not be able to give my hon. Friend the specifics about her region right now, but I will say that my colleague the Pensions Minister, my hon. Friend the Member for Swansea West (Torsten Bell), has secured an ambitious industry-led accord—the Mansion House accord—that commits 17 pension funds, representing 90% of…”

“I am engaging with Martin Lewis, who is a doughty champion of consumers across the country. I say to the hon. Member that, due to the consumer duty, banks and other providers have a duty to ensure that they deliver the best outcomes for their consumers, but I note what he has said.”

“I could not agree more with my hon. Friend. We are intent on building the 1.5 million homes that we promised at the election. I remind the chuntering hon. Gentlemen on the Opposition Front Bench that even before the Planning and Infrastructure Bill, the OBR scored the first stage of the planning reforms as the largest …”

“Absolutely. This is something that the Chancellor and I—and indeed the Business Secretary and the Business Minister—are passionate about, and we are making sure that we deliver on our manifesto commitment to double the size of the sector. We have asked the financial services regulators to report by the end of the year …”

“I can reassure the right hon. Gentleman that we are not suggesting getting rid of risk warnings. I think that is what he was asking me most directly. One of the investment platforms did some research into the wording of risk warnings, and he will probably know that there is quite a gender gap. If we look at the figures…”

“We have a very good deal with the EU, which we agreed in May this year and will continue to build on. I was pleased to have invited the European Commissioner for Financial Services, Maria Luís Albuquerque, who was at the dinner last night at the Mansion House. I will try to get through all the hon. Member’s questions. …”

“Well, what do I say to that? I think there is, with the exception of the hon. Member, cross-party support for the twin peaks financial services regulation that we have. Of course, we need proportionate regulation to ensure that there are protections in place for consumers. He seems to be suggesting that we get rid of t…”

“I thank my hon. Friend for that thoughtful question. I am happy to talk to the Committee about that in more detail. What I will say is that the Leeds reforms regulate for growth instead of seeking to eliminate risk from the system altogether. We know that in order to get greater returns, there is a need to take informe…”