Speeches by Glen.

“Yes.”

“I recognise that, and those steps are welcome. If we look at the implementation of Basel 3.1, Sam Woods told this Committee that overall the package is capital-neutral at an aggregate level. However, that obscures wide differences around how it impacts mid-tier banks. Would it not be helpful to ask the PRA to set out t…”

“The Skeoch review, which was the last time we did a review into ringfencing, basically found that Sam Woods would say that he has all the tools to deal with bank resolution if one goes under, but somehow we hold on to the ringfencing for historic attachment to the comfort from the last crisis. I urge you as a Minister …”

“Are there any meaningful disputes or differences of opinion between the Treasury, the FCA and the PRA on AI and regulation?”

“Could the Minister say a bit more about the dynamic between the Treasury, the FCA and the PRA? It is certainly true in public discourse that people think Ministers decide, and of course they do at one level. But in this particularly complex, fast-moving area, how would you describe the dynamic of decision making and re…”

“Before I ask my question, I want to acknowledge the role that Mr Fairburn and Ms McCloskey played while I was a Minister for four and a half years. It was remarkable. I would like to thank them publicly, particularly Ms McCloskey. I shall never forget what you did on the onshoring role with more than 50 SIs, so thank y…”

“When we have had the chief executive of the FCA in, he has said that essentially he seeks cover from us politicians and from Ministers to allow a different risk culture. I do not disagree with anything that you have said, but surely the real challenge is that we have to come to terms with the fact that risks exist and …”

“When I visited Salisbury chamber of commerce on Friday, it gave me the example of a single mother doing 30 hours a week on the national living wage. As a result of the combination of the increase in the national living wage, the threshold changes and the rate changes on national insurance, that individual costs a busin…”

“When I was Economic Secretary, against the advice of officials I advanced something called the no interest loan scheme. I am given to believe that one of the Minister’s two predecessors since the general election may have suspended that valuable attempt to support the most vulnerable in society. Will she look at that a…”

“I just want to raise a small point on the last issue. We see widespread speculation around a bubble with stocks, and a high concentration in a small number of stocks. Quite rightly, I think, you say that this will be a gradual process. Is there not a danger that there will be mixed messaging, whereby people feel encour…”

“On Saturday 15 April 1989, I visited my grandfather. I was a 15-year-old boy, and he had been taken into hospital a week or so before after a heart attack. He was a former chief constable in Wiltshire police. His immediate and clear response to what had happened that day was to say that the police were at fault. Two da…”

“I absolutely do, and I sincerely believe that it is likely to achieve that, but we must not miss the opportunity to reflect on what is going wrong with this principle of not taking more proactive responsibility for wrongs that have happened. My exposure through the infected blood compensation scheme taught me that over…”

“I thank the Minister for his meticulous and thorough analysis of all the different strands of this challenging problem, and for the work he has done to deal with the complexity of different groups’ concerns over delivery of the compensation. I also thank Sir Brian Langstaff for what he has done. However, after six year…”

“May we have a debate on the regressive taxation of single parents? If we look at the costs for 2025-26 of employing a single parent on the national living wage for 30 hours a week, we find that the combination of the national insurance threshold going down 45%, a 6.7% increase in the cost of the national living wage an…”

“I recently met with Discover Adventure, a small business in Coombe Bissett which is genuinely struggling to engage with Government over the recent package travel regulations. It sits ambiguously between DBT, the Department for Transport and the Department for Culture, Media and Sport; indeed, a question was thrown back…”

“Recurring each year—rolled over.”

“Recent Governments have used the household support fund as a sort of top-up mechanism. How does that equate, given it allows more discretion at the local authority level? Is the argument that it is just not of a quantum that is big enough to move the dial?”

“No, that’s fine. Ms Howes, you were keen to come in.”

“So essentially this is a prerequisite for progress and social mobility, because you will not get that far unless you remove the poverty in the short term. That is what you are saying.”

“In your answers to my colleague Bobby Dean, you suggested that, in essence, the qualitative and quantitative data demonstrates that the two-child policy has very little behavioural effect. We also discussed the challenge of short and long-term changes. There is evidence to suggest that, if you invest a lot in the short…”