Speeches by Blake.

“Roberto, one of my constituents, has seen his water bill go up by nearly 45% in the last two years, and other constituents have contacted me to say that their bills have nearly doubled in that time. I am pleased by what the Minister said about holding the previous Government to account for their failure to invest in in…”

“3. Whether he is taking steps to limit increases to water bills.”

“Are you noticing any particular patterns of behaviour among finfluencers about where they might want to be when they are perpetrating, potentially, a crime? Are you able to bring that into some of your work with the jurisdictions?”

“In terms of the potential scale of harm, do you think that the platforms are taking proportionate action? If you think about that possible consumer who has experienced harm and has no current resource, do you think the platforms are taking proportionate action at the moment?”

“We have just seen how international this finfluencer phenomenon is. Someone could be a so-called finfluencer in another jurisdiction influencing behaviour in the UK, where FCA guidelines and rules are a factor. What powers do you have to take action on somebody who is operating from a jurisdiction outside the UK?”

“I understand the scale is quite significant, although I have not seen much of it myself. How can we possibly track these individuals in jurisdictions overseas if we do not have the resource to pursue them?”

“If there is an instance of harm, and you recognise that there is harm to a particular consumer in this country, but the perpetrator of the harm from that posting is in a jurisdiction that we cannot access, what recourse does that individual consumer have?”

“And you are doing that. You are focusing on the jurisdictions where you observe the pattern.”

“I declare an interest as a member of that recently failed one, as are some other family members. What is your understanding of the impact of simplified capital requirements that have developed since 2019? Do they have a part to play?”

“I would like to move us on to talking about growth and regulation. In your Mansion House speech, you talked about the myth of needing a bonfire of regulation towards growth. You concluded that, “The truth is more balanced,” saying that you “don’t see any compelling evidence for the idea that the big planks of the post-…”

“I would like to come on to some of what is in your letter and what you intend to do, but I just want to ask about and reflect on some of the evidence that Nikhil Rathi has given about the risk of company failure, and whether the Government and consumers are going to have to accept a higher risk of company failure if a …”

“In terms of some of the ideas that we will come on to, how much growth do you think is available from your proposals in the letters that you have written to Government?”

“I want to come on to your proposals around increasing the ability of the insurance sector to invest in the UK economy. How do you see the timeline of those proposals and what do you anticipate the outcomes to be?”

“Just so I have understood, only two firms have asked for this variation about predictability.”

“What do you think that means in terms of the changes?”

“Thank you very much. What is the evidence that the concierge programme that you are bringing forward is going to really turn the dial? What is the timeline for implementation?”

“In terms of the content of this programme, will rationalising the number of principles that you are considering as have-regards really change the approach, or is it more about your internal workings and processes?”

“You have said that none of them is problematic, particularly on competition and growth, and it is about looking at how the policy and the have-regards align and tidying those up.”

“In 2019, you gave some fascinating evidence about credit unions and their sustainability. I want to ask what you think is happening to the credit union market at the moment. The average of failures is going down, which could suggest either that they are becoming more resilient, or perhaps what I think, which is that we…”

“Given what you have said about what it will take for credit unions to survive, and their capital requirements, what do you see in terms of the current market and environment for them to still be an available product or type of firm for consumers to go to?”