Speeches by Murphy.

“Like my hon. Friend, I am so pleased when I get letters from children at schools in Basingstoke. I am able to tell them about the Government’s ambitious plans and their commitment to an issue that so many children are concerned about. The Government have taken action. Great British Energy is rolling out solar in school…”

“I thank the hon. Member for his intervention. I do not know the circumstances of that particular issue, but I agree that renewable energy companies, like all companies, should act in the public interest. Those who actively oppose the transition to clean energy, such as Reform, prefer instead to expose every family, bus…”

“I, too, celebrate the achievements under the previous Government. Why, then, given that those achievements came about under the framework of the Climate Change Act, which was then recognised internationally and led to progress elsewhere, are you now going to throw that framework in the bin?”

“I completely agree. If my hon. Friend will forgive the pun, the land use framework is a landmark document. It reflects the Government’s acknowledgement that the public understand many of the threats that we face and want to see climate action. Polling shows that 70% of the British public say that tackling climate chang…”

“Do you think that the exclusion of merchant-owned products sensible?”

“Just moving on to crypto-asset activities coming into the perimeter, what is that going to mean for the service?”

“If you are a consumer and you have taken out one of these products through a merchant-owned avenue versus a third party, is it going to make intuitive sense as to why you can cover one but not the other?”

“The gateway opens in September, but you have not incorporated any estimates into the current 2026-27 budget. Is that sensible?”

“Buy now, pay later issues are coming into your regulatory perimeter from July 2026. You are expecting 2,000 cases. I believe that was the statement made. Is that just in that year? Is it per year in future?”

“Do you have estimates for how it might look in the trajectory following?”

“Can I just ask a bit about how that process works? Are you invited explicitly by the FCA to provide that feedback? Is it ongoing?”

“Just moving on to targeted support, in the joint statement with the FCA you said that you would deliver a consistent and proportionate dispute resolution approach to targeted support. Do you have any idea when you are going to deliver that?”

“There will be consumers for whom the regulatory perimeter was not in place when they had the issues that they are coming to you for. Do you have a strategy for dealing with those? There is going to be quite a lot of those accumulated. How is your set-up going to triage those to ensure that you are focusing on those who…”

“If I could just return very quickly to that question about merchant-owned on buy now, pay later, in your experience, with one area being covered and one not, could you foresee greater innovation in the merchant-owned space that is going to require regulatory catch-up? That is one of my concerns about its exclusion. Can…”

“Ms Curtice, how would you reflect on that possible change to the way the Germans do it?”

“Do you think there would be a negative reaction from the bond markets if such a change were to be made?”

“I have a very short follow up question for Dr Prieg and any others who want to answer. Just focusing on policies that are maybe not scored in terms of their long term impact, the counter-argument—I am not saying I agree with it—would be that, if there was a problem with the scoring, you would have expected policies imp…”

“Is that not Ms Curtice’s point? The reason for focusing on the headroom is that we are in a very precarious position: if a bus is tilting on a cliff, you have to focus on millimetres.”

“There has been a lot of discussion about the fiscal rules and the degree to which they impede Government policy. Dr Prieg, how does the current conflict in the Middle East affect the fiscal rules? What challenges might it bring to our current fiscal framework?”

“We have been talking about levels of debt but what is your view of how we measure debt in this country? Countries such as Germany measure it differently and if it were measured in the same way there, debt-to-GDP ratio would look a lot higher. Do you have a view on how we measure debt and whether that measurement blocks…”